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8. Utah

The Beehive State fails to repeat 2016’s first-place finish, as a falling education rank proves to be a buzzkill.

George Kavallines | CNBC
Category
Score
2017 Rank
2016 Rank
Workforce 297 18 12
Infrastructure 212 9 13
Cost of Doing Business 193 24 (Tie) 19 (Tie)
Economy 247 4 3
Quality of Life 186 20 13
Technology & Innovation 131 18 (Tie) 16
Education 82 34 (Tie) 23
Business Friendliness 100 16 10
Access to Capital 66 18 (Tie) 24
Cost of Living 34 17 22
Overall 1548 8 1

Economic Profile

Governor: Gary Herbert, Republican

Population: 3,051,217

GDP growth (Q4 2016): 3.2 percent

Unemployment rate (May 2017): 3.2 percent

Top corporate tax rate: 5 percent

Top individual income tax rate: 5 percent

Gasoline tax: 29.41 cents/gallon

Bond rating/outlook (Moody's, S&P): Aaa, 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 (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

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