According to CNBC, Utah was recently ranked as #2 in America as a top state for business in 2012. Texas topped the list at #1 and Virginia came in #3.
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Category | Score | 2012 Rank | 2011 Rank |
Cost of Doing Business | 240 | 11 | 12 |
Workforce | 235 | 9 | 8 |
Quality of Life | 237 | 10 | 14 |
Infrastructure & Transportation | 216 | 8 | 33 |
Economy | 194 | 7 | 16 |
Education | 65 | 45 | 46 |
Technology & Innovation | 119 | 24 | 25 |
Business Friendliness | 148 | 10 | 4 |
Access to Capital | 74 | 13 | 23 |
Cost of Living | 45 | 6 | 17 |
OVERALL | 1573 | 2 | 8 |
ECONOMIC PROFILE
Governor: Gary Herbert (R)
Population: 2, 817, 222
GDP (per capita): $38, 452
Number of S&P companies: 1
Top corporate tax rate: 5.00 percent
Top individual tax rate: 5.00 percent
Gasoline taxes/fees: 24.5 cents
Bond Rating/Outlook: Aaa/Stable
SAT scores (average): 1667/2400
Degree Granting Institutions (colleges/universities): 41
Sources: Census Bureau (2011), Standard & Poor’s (2012), Tax Foundation (2012), American Petroleum Institute (2012), Bureau Labor Statistics (2011), National Center For Education Statistics (2011), Moody’s (2012), CNBC
To read the full article visit http://www.cnbc.com/id/46415575
Utah Luxury Home Builder, Cameo Homes Inc., in Utah