May 7, 2013

Cover Story

CEO of the Year

Utah’s business landscape is rich with professionals who have le...Read More

Featured Articles

Did you go Skiing this winter?

Around Utah

Sections

Spotlight
Martin Plaehn

Spotlight
Karen Sendelback

Legal Briefs
Social Media and Employers: Friends or Enemies?

Money Talk
The Case for HSAs

Economic Insight
Time to Show Up

Lessons Learned
Make a Move

TechKnowledge
In the Lab

EntrepreneurEdge
Rent to Own

Business Trends
Back from the Dead

Executive Living
Artful Inspiration

Features
A Breath of Fresh Air

Features
Worst-Case Scenario

Regional Report
Northern Utah

Focus
Measure Up

Industry Outlook
Travel & Tourism

Players
Players

Article

U.S. Chamber of Commerce Calls Utah a 'Boom State'

Press Release

May 7, 2013

Salt Lake City — The U.S. Chamber of Commerce has named Utah a “boom state” in this year’s Enterprising States report. Utah was the only state in the nation that ranked as a top 10 state in all six areas they assessed: economic performance, exports, business climate, talent pipeline, infrastructure and innovation and entrepreneurship.

“I am very pleased with the rankings given by the U.S. Chamber of Commerce report because they reflect our State’s determination to lead the nation in economic performance,” said Gov. Gary R. Herbert.

A few of the major reasons cited by the U.S. Chamber report for Utah’s outstanding performance are the state’s focus on high-tech business, STEM education and exporting. In the last few months Utah has been recognized for having the lowest healthcare costs in the nation, a strong and growing financial business sector, being one of the 30 Best Cities for Young Entrepreneurs and the “Best State for Business and Careers.”

“Utah leads the charge as the nation comes back from the economic recession,” said Spencer Eccles, executive director of the Governor’s Office of Economic Development. “We can say with confidence that Utah’s future as the emerging ‘Wall Street west’ looks brighter than ever.”

The report said Utah is one of the nation’s top exporters in electronic memory circuits, aircraft engines and parts, vehicle airbag systems and X-ray equipment. It also recognized Utah’s highly developed partnerships among government, higher education and the private sector when it cited the development of the Ogden Business Center as an example of the state’s support of small business development. Utah ranked third in “Business Birthrate” and seventh in “Growth of Self Employed Workers.”

The Utah Legislature is also recognized by the report for its partnerships and support of the state’s economic development efforts. One program it recognized is the Utah Science, Technology and Research (USTAR) initiative, which has built facilities at Utah State University and the University of Utah.

Utah Business Social
UB Events View All
30 Women to Watch 2014!Utah Business Event
May 22, 2014
Thirty of Utah’s most dynamic women will be recognized at the 15th Annual 30 Women to Watch Awar...
Community Events View All
Branding Utah
Apr 18, 2014
Vicki Varela, managing director for the Utah Office of Tourism, Film and Global Branding, will sh...
Excel Level 1
Apr 22, 2014
A hands-on, interactive class covering Microsoft Excel fundamentals. Explore the new user interfa...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
Date(s):
to
* Event Description:
  Cancel