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Utah is the 13th Best State for Business 2014

Utah’s population is growing faster than the national average, and the government has created the “Envision Utah” plan to manage that growth productively.

Previous State: North Dakota Next State: Wisconsin

No. 13 Utah

Taxations & Regulations

Workforce Quality

Living Environment

Key Metrics
State GDP 

  • % Growth ’12-’13: 3.8
  • % Growth ’11-’12 v. Nat’l Avg. (2.5%): 0.9

Unemployment

  • Unemployment Rate Dec. 2013 %: 4.1
  • Comparison with Nat’l Rate (6.70%): -2.6

Domestic Migration

  • Domestic Net Migration 2013: 5,567
  • Rank: 13

State Government

  • State Debt per Capita Fiscal Year ’13 ($): 2,939
  • State & Local Gov’t Employees per 10k Residents: 494.9

State-Local Tax Burden

  • Rate (%): 9.3%
  • Compared to Nat’l Avg. (9.9%): -0.58%
Key Companies
  • Overstock.com Inc.
  • Zions Bancorporation
  • Huntsman Corp.
  • Autoliv
  • Nu Skin
Development Trend Indicator: Neutral
Keeps knocking the lights out as it grows professional-services trade.


Based on CEO Survey by ChiefExecutive.net

Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation

About JP Donlon

JP Donlon is the Editor-in-Chief of Chief Executive magazine.