Utah is the 9th Best State for Business 2012

No 9: Utah

No. 9


Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’07-’10: 1.10
  • % Growth ’07-’10 v. Nat’l Avg. (-0.33%): 1.43


  • Unemployment Rate Dec. 2011 %: 6.00
  • Comparison with Nat’l Rate (8.50%): -2.50

Domestic Migration

  • Domestic Net Migration ’00-’09: 53,390
  • Rank: 17

State Government

  • Debt per Capita Fiscal Year ’10 ($): 2,356
  • State & Local Gov’t Employees per 10k Residents: 494.85

State-Local Tax Burden

  • Rate (%): 9.68
  • Compared to Nat’l Avg. (9.8%): -0.12
Key Companies
  • Overstock.com Inc.
  • Zions Bancorporation
  • Huntsman Corp.
  • Autoliv
  • Nu Skin
Development Trend Indicator: Neutral
Ground-breaking health-insurance exchange is big new risk in business-friendly state.
CEO Comments
“Texas and Utah actively support business development. New Hampshire is coming on strong. If they can ever institute “Right to Work” legislation, they could rise to number one.”

“Would love to live and retire in Texas, Utah or Idaho due to quality of life, west of the Mississippi, Not gun restrictive and in Utah and Idaho’s example, limited population.”

Bureau of Economic Analysis
Bureau of Labor Statistics
The Tax Foundation

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