Utah leads Forbes’ Best States for Business.
For the second year in a row, and the fifth time since 2010 for that matter, Utah has lead the Forbes’ “Best State For Business” in 2015. Our Beehive state benefits from light regulation and low energy costs while employment has expanded 2.2% annually for the past five years and currently sits at the third best in the country. Utah appears in the top 83% of Forbes’ categories used to determine the Best States for Business.
Forbes’ goes on attributing our success in part to its appeal in the tech industry. Companies such as eBay, Microsoft, Twitter, and Oracle have an increasing presence in Utah which over time has driven investments in our talent pool causing a highly skilled workforce.
Venture capital firms invested $801 million across 43 deals in Utah in 2014, according to the MoneyTree Survey compiled by PricewaterhouseCoopers and the National Venture Capital Association based on data from Thomson Reuters. The total is more than three times the average of the previous four years in Utah. At $18.6 million per deal, the average investment is second highest behind only Florida and the per capita investment is third behind California and Massachusetts.
Read the full Forbes’ article here.