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

Latest Special Reports

  • In a world of big box retail and e-commerce, successful business owners are taking new paths to Main Street success.

  • Covid-19 is expected to be with us for years even if the colossal investment in treatments and vaccines eventually manages to contain and control the global pandemic. The world will look dramatically different in its wake. As businesses begin the shift from crisis mode to planning for the lasting impact of Covid, CNBC’s journalists will hunt for cases of companies and industries taking a leading role in shaping Our New Future.

  • Traders and financial professionals work on the floor of the New York Stock Exchange.

    CNBC’s financial reporters weigh in on what every investor needs to know when it comes to companies' earnings reports.