April 13, 2012

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

Utah Named Top State for Economic Outlook, Fifth Year in a Row

Press Release

April 13, 2012


According to the ALEC-Laffer State Economic Index, “Rich States, Poor States,” Utah is the number one state in the nation for economic outlook – an honor the State has now received five years in a row.  Distributed by the American Legislative Exchange Council (ALEC), the results were released Tuesday, the day of Gov. Gary R. Herbert’s Economic Summit, where he shared the key to Utah’s success with summit attendees.

“The secret of our success is that there is no secret,” said Herbert. “In Utah, it’s really pretty simple: We follow the basics and we adhere to correct business principles in a free market environment. Utah keeps taxes low, limits nonsensical business regulation, offers a well-educated workforce, avoids excessive debt, promotes innovation and is efficient in state government. You have to go back to the year 2000 to find the same number of state employees we have now.”

The “Rich States, Poor States” analysis uses fifteen variables to evaluate the State’s potential economic outlook, including tax rates, tax burdens, number of public employees, minimum wage and more.

“I’m absolutely thrilled,” said Herbert. “My vision statement for the State is ‘Utah will lead the nation as the best performing economy and be recognized as a premier global business destination. When we are ranked at the top in studies like ‘Rich States, Poor States,’ I am confident we are well on our way to accomplishing that goal. It’s great to know we are on the right road, headed in the right direction, and that others are noticing.”

The complete “Rich States, Poor States” report can be found at http://www.alec.org/docs/RSPS_5th_Edition.pdf
(4.13.12)

Utah Business Social
UB Events View All
Best Companies to Work For 2014Utah Business Event
Dec 11, 2014
Utah Business magazine along with our presenting sponsor- CBIZ, premier sponsor- Diversified Insu...
SAMY Awards 2015Utah Business Event
Jan 23, 2015
Utah Business magazine along with Presenting Sponsor Griffin Hill are pleased to present the 201...
Forty Under 40 - 2015Utah Business Event
Feb 26, 2015
Utah Business Magazine along with Presenting Sponsors: Kirton McConkie, BIG-D Construction and Ma...
Community Events View All
Dancing in the South
Nov 22, 2014
This active participant-focused workshop provides movers and shakers in the metaphysical communit...
Light Up The Night Festival
Nov 22, 2014
Join The Gateway as we welcome the holiday season with the Annual Light Up the Night Festival on ...

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