We’ve commented and written previously how despite the economic downturn of the past few years that Utah remains one of the best states in the Nation in which to conduct business – not to mention the cheap cost of living. Recently the Enterprising States study carried out by the Free Enterprise, a digital platform of the U.S. Chamber of Commerce highlighting free market news and opinions, became yet another feather in Utah’s proverbial business cap.
In short, the Enterprising States study analyzed policies and programs of each state that are meant to foster business growth and viability. In addition to ranking each state for overall job growth and economic performance it ranked each state across five main areas:
- Exports and international trade
- Entrepreneurship and innovation
- Business climate
- Talent pipeline
With the exception of North Dakota that was ranked as number one presumably in part due to a booming energy sector, Utah was a close third right behind Texas and just ahead of its neighbor Wyoming. As can be seen in the picture below, courtesy of Free Enterprise, “Utah is perhaps the best-performing state overall in this year’s Enterprising States report.” Check out the picture below and how Utah stacked up for full details!