America's Top States For Business 2013

#5 Utah (TIE)

Salt Lake City, Utah
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Salt Lake City, Utah
2013 Rank
2012 Rank
Cost of Doing Business 271 21 11
Workforce 168 19 9
Quality of Life 189 21 10
Infrastructure & Transportation 199 21 8
Economy 260 10 7
Education 61 39 45
Technology & Innovation 168 23 24
Business Friendliness 164 4 10
Cost of Living 40 11 6
Access to Capital 22 7 13
Overall 1542 (Tie) 5 2


Governor: Gary R. Herbert (R)

Population: 2,855,287

GDP growth: 3.4 percent

Unemployment rate (May 2013): 4.6 percent

Top corporate rate: 5.0 percent

Top individual tax rate: 5.0 percent

Gasoline tax: 24.5 cents/gallon

Bond rating/outlook: Aaa/Stable

Major private employers: University of Utah Health Care, Discover Financial Services, C.R. England Inc, Dixie Regional Medical Center, ICON Health and Fitness Inc, Kombea, Sun Products Corporation, University of Utah, Utah Valley Regional Medical Center, Maverik Inc.

Economic profile sources: American Petroleum Institute (April 2013), Bureau of Economic Analysis (2012), Bureau of Labor Statistics (May 2013 release), CareerOneStop, Moody's Investors Service (senior-most tax-backed ratings), National Governors Association, Tax Foundation (2013), U.S. Census Bureau (2012 estimate)

From the Governors


  • South Dakota, More Than Just Gorgeous Views

    South Dakota is the winner of the annual "America's Top States for Business" study. CNBC's Scott Cohn reports on the state's economy and its stunning views.

  • Ranking America's Workforces

    CNBC's Scott Cohn reveals how other states fared when it came to their workforce, including a look at education level, retraining programs and union membership.

  • Why South Dakota is Top State for Business

    The cost of doing business was one of the key reasons the Mount Rushmore State captured the top ranking as the best state for business, reports CNBC's Scott Cohn.