The same publication that predicted Utah would lead the nation out of the Great Recession has placed our state atop the list of “The Best States for Business and Careers.”
Forbes sites Utah’s growing economy, job growth, low corporate taxes, low energy costs and a highly educated workforce as reasons for the coveted top ranking.
This ranking takes into account performance over the past five years. It doesn’t just show that we’ve weathered the storm better than the rest of the nation, it shows that we have been good for a long time.
And that is very attractive to businesses looking at moving or expanding in our state, and for businesses that are already here.
Utah’s ranking plays an important role in the ongoing economic development of the state. Over the past year many businesses have chosen to expand in or relocate to Utah.
Just like a good college football coach uses bowl victories and national exposure to recruit better players, we use these rankings to recruit businesses that economically strengthen our state.
The Forbes ranking also tells our local businesses that Utah is on the right path. If they have been reluctant to expand or to hire, this helps show them that now may be the time to take that step.