America's Top States For Business

3. Utah

Category Score 2014 Rank 2013 Rank
Cost of Doing Business2871621
Workforce1891219
Quality of Life1951521
Infrastructure & Transportation1872821
Economy289610
Education424639
Technology & Innovation1961823
Business Friendliness16444
Cost of Living312011
Access to Capital251 (Tie)7
Overall160535 (Tie)

Economic Profile

Governor: Gary Herbert, Republican

Population: 2,900,872

GDP growth: 3.8 percent

Unemployment rate (May 2014): 3.8 percent

Top corporate tax rate: 5 percent

Top individual income tax rate: 5 percent

Gasoline tax: 43 cents/gallon

Bond rating/outlook: Aaa/stable

Major private employer: Intermountain Health Care

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, Utah FY 2013 CAFR

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