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Utah is #2 in America’s Top States for Business

July 16, 2012

According to CNBC, Utah was recently ranked as #2 in America as a top state for business in 2012.  Texas topped the list at #1 and Virginia came in #3.

Photo: William Floyd Holdman, JR | Photolibrary | Getty Images

Category Score 2012 Rank 2011 Rank
Cost of Doing Business 240 11 12
Workforce 235 9 8
Quality of Life 237 10 14
Infrastructure & Transportation 216 8 33
Economy 194 7 16
Education 65 45 46
Technology & Innovation 119 24 25
Business Friendliness 148 10 4
Access to Capital 74 13 23
Cost of Living 45 6 17
OVERALL 1573 2 8

ECONOMIC PROFILE

Governor: Gary Herbert (R)
Population: 2, 817, 222
GDP (per capita): $38, 452
Number of S&P companies: 1
Top corporate tax rate: 5.00 percent
Top individual tax rate: 5.00 percent
Gasoline taxes/fees: 24.5 cents
Bond Rating/Outlook: Aaa/Stable
SAT scores (average): 1667/2400
Degree Granting Institutions (colleges/universities): 41
Sources:  Census Bureau (2011), Standard & Poor’s (2012), Tax Foundation (2012), American Petroleum Institute (2012), Bureau Labor Statistics (2011), National Center For Education Statistics (2011), Moody’s (2012), CNBC
To read the full article visit http://www.cnbc.com/id/46415575
Utah Luxury Home Builder, Cameo Homes Inc., in Utah
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