2010/10/23

Utah top 1 on business and career



The Beehive State captured the top spot in our rankings for the first time, after a four-year run by Virginia at the head of the list. Utah's economy has expanded 3.5% annually over the past five years, faster than any other state except North Dakota. This is three-and-a-half times faster than the U.S. as a whole. Total employment in the U.S. has shrunk over the past five years, but in Utah it increased 1.5% annually, fourth-best in the nation. Household incomes have surged 5% annually, which is tops in the country and twice as fast as the national average.

No. 1 Utah
2009 Rank: 3
Business Costs Rank: 8
Labor Supply Rank: 5
Regulatory Environment: 6
Economic Climate: 1
Growth Prospects: 20
Quality of Life: 18

No. 2 Virginia
No. 3 North Carolina
No. 4 Colorado
No. 5 Washington