Utah Best State for Business, Says Forbes

Forbes released its annual rankings of the best and worst places to do business in the US and Utah tops the list, beating out four-time winner Virginia.

Utah’s economy has expanded 3.5% annually over the past five years, faster than any other state except North Dakota. This is three-and-a- half times faster than the U.S. as a whole. Total employment in the U.S. has shrunk over the past five years, but in Utah it increased 1.5% annually, fourth-best in the nation. Household incomes have surged 5% annually, which is tops in the country and twice as fast as the national average.

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