Utah Tops Forbes Best States for Business List

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.

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