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3. Utah

There is a buzz about the Beehive State, which is attracting a swarm of business capital. But large class sizes and small budgets hurt education in the state.

Category
Score
2014 Rank
2013 Rank
Cost of Doing Business 287 16 21
Workforce 189 12 19
Quality of Life 195 15 21
Infrastructure & Transportation 187 28 21
Economy 289 6 10
Education 42 46 39
Technology & Innovation 196 18 23
Business Friendliness 164 4 4
Cost of Living 31 20 11
Access to Capital 25 1 (Tie) 7
Overall 1605 3 5 (Tie)

Economic Profile

Governor: Gary Herbert, Republican

Population: 2,900,872

GDP growth: 3.8 percent

Unemployment rate (May 2014): 3.8 percent

Top corporate tax rate: 5 percent

Top individual income tax rate: 5 percent

Gasoline tax: 43 cents/gallon

Bond rating/outlook: Aaa/stable

Major private employer: Intermountain Health Care

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, Utah FY 2013 CAFR

Top States for Business

From the Governors

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