Skip to Content

  • A
  • A
  • A

News Room

Utah #3 Top State for Business – CNBC

June 24 2015 - 12:02 pm

News Release
For Immediate Release

June 24, 2015

Michael Sullivan, GOED Communications Director

Utah Continues Streak of Business Ranking Excellence
State is no.3 for business according to CNBC

SALT LAKE CITY, UT—Utah has consistently been ranked among the nation’s top economies and the state’s consistency is highlighted in the just-announced CNBC 2015 Top States ranking, claiming the no. 3 spot, once again. The state has ranked in the top five of CNBC’s ranking every year since 2012, and particularly noteworthy this year is that Utah’s overall economy was recognized as the best in the United States.

“Once again Utah has proven that we can compete against the largest states in the nation,” said Gov. Gary R. Herbert. “Our overall best economy recognition by CNBC shows that maintaining a business friendly environment pays off.”

In ranking Utah among the best, CNBC also cited strong job growth, low unemployment, and low tax rates—specifically noting a 38 percent improvement in educational ranking. The increase in the state’s education ranking echoes the collaboration between Utah’s educational institutions, private industry and government.

“The best quarterbacks don’t throw a touchdown every time,” said Val Hale, executive director of the Governor’s Office of Economic Development. “The best quarterbacks come back game after game and perform at the highest level when it’s most needed. Utah’s repeated no. 3 ranking shows our staying power in an unpredictable economy. We come to the table and consistently perform at the highest levels of the economic excellence year after year.”


Salt Lake City capitol of Utah.

Editor’s Note: The following two links will provide video.

Salt Lake City skyline, 26 seconds

Park City mountain bikers, 45 seconds

About the Utah Governor’s Office of Economic Development (GOED)

The Governor’s Office of Economic Development (GOED) charter is based on Governor Gary Herbert’s commitment to economic development statewide. Utah’s economic development vision is that Utah will lead the nation as the best performing economy and be recognized as the premier global business destination. The mandate for this office is to provide rich business resources for the creation, growth and recruitment of companies to Utah and to increase tourism and film production in the state. GOED accomplishes this mission through the administration of programs that are based around targeted industries or “economic clusters” that demonstrate the best potential for development. GOED utilizes state resources and private sector contracts to fulfill its mission.  For more information please contact:  Michael Sullivan, 801-538-8811 or