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1. Utah

With a sweet economy and an industrious workforce, the Beehive State is America’s Top State for Business.

Top States Utah
Source: George Kavallines
Category
Score
2016 Rank
2015 Rank
Workforce 251 12 29 (Tie)
Cost of Doing Business 212 19 (Tie) 13 (Tie)
Infrastructure 207 13 30
Economy 275 3 1
Quality of Life 218 13 20 (Tie)
Technology & Innovation 158 16 15
Education 108 23 31
Business Friendliness 98 10 5 (Tie)
Cost of Living 44 22 11 (Tie)
Access to Capital 27 24 21
Overall 1598 1 3

Economic Profile

Governor: Gary Herbert, Republican

Population: 2,995,919

GDP growth: 3.3 percent

Unemployment rate (May 2016): 3.8 percent

Top corporate tax rate: 5 percent

Top individual income tax rate: 5 percent

Gasoline tax: 47.81 cents/gallon

Bond rating/outlook: Aaa, stable

Major private employers: Intermountain Health Care, Extra Space Storage

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, S&P Global Market Intelligence

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