Top States for Business 2021

3. Utah

With powerful growth, the Beehive State's economy is buzzing. But health-care resources are uneven.

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Utah Score and Ranking

Category 2021 Score 2021 Rank 2019 Rank 2021 Grade
Cost of Doing Business2322218B
Life, Health & Inclusion19127--C-
Business Friendliness1401013B+
Access to Capital1211719B-
Technology & Innovation1001921B-
Cost of Living382625C

Economic Profile

Governor: Spencer Cox, Republican

Population: 3,249,879

GDP growth (Q1 2021): 9.2%

Unemployment rate (May 2021): 2.7%

Top corporate tax rate: 4.95%

Top individual income tax rate: 4.95%

Gasoline tax: 31.41 cents/gallon

Bond rating (Moody's/S&P): Aaa, stable/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

Construction workers on the Frederick Douglass Memorial Bridge in Washington, D.C., on Wednesday, May 19, 2021.
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