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.