Forbes Names Utah Best For Business for Third Straight Year
December 12, 2012
“It’s almost becoming impolite to other states-but Utah just can’t help it,” Governor Gary R. Herbert said. “But in all seriousness, our economy continues to outpace the national trend because we budget on sound principles and maintain a business-friendly environment. You simply cannot tax your way to prosperity, as others in our country try to do-you can only grow your way to prosperity. That is the Utah model. That being said, I recognize the difficulty many Utahns still have finding work. That’s why my priority is to continue to grow the economy until every Utahn who wants a job, has a job.”
Among many factors, Forbes was impressed with Utah’s growth prospects, economic climate, and quality of life. Its low corporate and individual tax rates rank among the lowest states in the nation, and is one of a handful that collect no state-level property taxes.