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Salt Lake City — Independent research by Pollina Corporate Real Estate puts Utah at the top of its list of Ten Pro Business States for 2013.
“Pollina’s no. 1 ranking comes as no surprise,” said Governor Gary R. Herbert. “Utah is open and ready for business. Taxes are low, entrepreneurial spirit is high, and our skilled work force is educated and highly motivated.”
“America’s most pro-business state for the second consecutive year and again making it the brightest star on the American Flag,” said Brent Pollina, vice president of Park Ridge, Illinois-based Pollina Corporate Real Estate and co-author of the 2013 study. “Utah is a symbol of economic growth and prosperity that other states should emulate.”
In 2011, Governor Herbert initiated a review of the state’s 1,969 administrative rules. It resulted in the revision or elimination of some 368 rules the governor believed inhibited business growth. The governor challenged the Utah business community to create 100,000 jobs in 1,000 days. At the half way mark, Utah has added 63,600 jobs and the unemployment rate of 4.6 percent is far below the national average. Jobs are growing jobs at 2.6 percent, nearly twice the national rate.
The Pollina Top 10 study identifies states with pro-business policies that counteract the effects of economic instability.
According to the report’s co-author, Utah is the first state west of the Mississippi to rank no. 1.
The Pollina Corporate annual study was co-published with the American Economic Development Institute. The report analyzes a state’s pro-business environment across 32 individual measures that state governments control, including taxation, human resources, economic incentive programs and state economic development efforts.
Specific measures that helped determine Utah’s top ranking included right-to-work legislation, business tax structures, energy costs and educational attainment rates.