Utah Recognized as Richest State—Again

hamilton-zanze May 28, 2013

Utah has once again been named the best state for economic outlook by the American Legislative Exchange Council in its annual State Economic Competitiveness Index. Utah has held the top rank since 2008, and its success can be attributed to several factors: a stable and predictable business environment, low cost for business, low corporate tax laws, expanding exports, and international business.

Bottom Line: This reaffirmation of Utah’s economic stability is a good sign for HZ, which benefits from having assets in Salt Lake City and Ogden (and several submarkets in between).