Categories: Best & Worst States for Business

Utah is the 9th Best State for Business 2012

No. 9

Utah

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 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 Metrics

State GDP

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

Unemployment

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.”

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

Chief Executive

Chief Executive magazine (published since 1977) is the definitive source that CEOs turn to for insight and ideas that help increase their effectiveness and grow their business. Chief Executive Group also produces e-newsletters and online content at chiefexecutive.net and manages Chief Executive Network and other executive peer groups, as well as conferences and roundtables that enable top corporate officers to discuss key subjects and share their experiences within a community of peers. Chief Executive facilitates the annual “CEO of the Year,” a prestigious honor bestowed upon an outstanding corporate leader, nominated and selected by a group of peers, and is known throughout the U.S. and elsewhere for its annual ranking of Best & Worst States for Business. Visit www.chiefexecutive.net for more information.