Utah’s economy has expanded by 2 percent each year over the last five years, boasting a gross state product of $130 billion and the fourth best rate of growth in the United States.
“We have a very fertile environment for entrepreneurs and business,” said Utah Governor Gary Herbert in an interview with Forbes. The governor also pointed to three economic areas in which Utah has a competitive advantage: taxes, labor force and a favorable regulatory climate.
Additionally, Salt Lake City is expected to put forth a high-wage job growth of 8.8 percent during the coming years, according to a recent report from Wall St. Cheat Sheet.