Forbes Magazine ranks Utah 'the best state for business'

by | Nov. 25, 2011

News from Utah

Utah is the best state for business, Forbes Magazine reported Tuesday, illustrating the positive economic outlook and job growth.

Utah's energy costs, which are 31 percent below the national average, and its 5 percent corporate tax rate helped it top neighboring states, Forbes said. Employment grew 0.6 percent on average over the past five years. Forbes measured states on six categories, including costs, labor supply, regulatory environment, current economic climate, growth prospects and quality of life.

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