Accolades & Rankings
Utah consistently earns top accolades as one of the nation's leading states for economic performance and quality of life. Nationally recognized for its business-friendly environment, innovative spirit, and strong community values, Utah has been ranked by Forbes, the Milken Institute, WalletHub, and many other top outlets as a powerhouse for economic growth and opportunity.
Check out some of our recent recognitions below:
Best State
Utah ranked as the #1 state for the fourth consecutive year
U.S. News & World Report — July 2026
Best State Economy
Utah ranked #3 for best state economy
WalletHub — June 2026
Best Economic Outlook
Utah ranked #1 for the 19th year in a row
Rich States Poor States — April 2026
Best State to Start a Business
Utah is the #2 best state to start a business
WalletHub — January 2026
Top State for Business and Trade
Utah ranked #3 state for business and trade
Schweitzer Engineering Laboratories (SEL) — July 2025
Most Independent State
Utah ranked #1 most independent state
WalletHub — June 2025
Best Small Cities to Start a Business
3 of the top 5 small cities are in Utah
WalletHub — April 2025
Cheapest State to Start a Business
Utah is the #1 cheapest state to start a business
CNBC — March 2025
Top 10 Friendly States for Entrepreneurs
Utah ranked the #3 friendliest state for entrepreneurs
Inc.com — January 2025
Best-Performing Cities 2025
Milken Institute — January 2025