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America's Top States For Business

#5 Utah (TIE)

Salt Lake City, Utah
Jumper | Photodisc | Getty Images
Salt Lake City, Utah
Category Score 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

ECONOMIC PROFILE

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)

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