Utah Tops Forbes Best States for Business List
Dec 18, 2012 - by Christopher Vaughan in Announcements, Business Ethics, Entrepreneurship, Political Economy
For the third year in a row, Utah is number one on the Forbes list of Best States for Business. The ranking is based on six factors: costs, labor supply, regulatory environment, current economic climate, growth prospects, and quality of life. Some of Utah’s benefits for businesses are: a low corporate tax rate (5%), a young labor force (median age 29), and a relatively free regulatory climate (few frivolous lawsuits are rewarded).
View the full list of Best States for Business here.
Related: Mercatus Center’s list of Freedom in the States, ranked by economic and personal freedom.
