Utah claimed the number three spot on Forbes annual Best States For Business list. It ranked each state based on six criteria: business costs, labor supply, regulatory environment, economic climate, growth prospects, and quality of life.
According to Moody’s Analytics, Utah has a very pro-business climate, and companies benefit from energy costs that are 16% below the national average. Utah’s employment has expanded 3.3% a year over the past five years — second-best in the U.S. Utah is well known for its winter activities, and tourism has soared since the 2002 Winter Olympics.