Utah is consistently ranked as one of the best states in the nation to start a business. It has a booming economy with extensive tax benefits, an exceptional workforce trained in a competitive educational system, and a high quality of life coupled with a low cost of living and doing business.
Economics and Taxes
Each year for more than two decades the Governor of Utah has issued an economic report that provides detailed information about the health of the state’s economy. It is created in partnership with the Governor’s Office of Management and Budget and the David Eccles School of Business and put together by the Utah Economic Council. According to this annual report, the Utah economy is not only healthy, it is experiencing expansion in all major sectors and is expecting similar growth in 2017. Some of the most influential sectors in the state include software development and IT, financial services, life sciences, aerospace and defense, and outdoor recreation. Sectors poised to become major players in the state’s economy include digital media, renewable energy, and food manufacturing.
There are numerous tax incentives available for businesses in the state which can be optimized with the help of an experienced accountant. Salt Lake City is the largest metropolitan area in the state and has become a hub of economic growth but other areas are quickly gaining popularity due to incentives such as the Research Tax Credits, Renewable Energy Development Incentive, and Rural Fast Track Program which are helping to facilitate growth in the more rural areas of the state. Other important tax incentives include the Sales Tax Exemption for Manufacturing Equipment, the Enterprise Zone Tax Credits, and the Industrial Assistance Fund.
Workforce and Education
The existing workforce and labor environment are another boon for business owners. The state has one of the youngest populations in the nation and is firmly established as a right-to-work state with one of the lowest percentages of unionized workers in the country. The population is considered a tech-ready labor pool which has been heavily influenced by the education policies of the state.
Utah has worked diligently to ensure technology is at the forefront of the curriculum as well as a focus on foreign languages. This has resulted in a high percentage of students who are technically proficient, a high graduation rate, and a college population with an 80 percent fluency rate in a foreign language.
Quality of Life and Cost of Living
Quality of life and cost of living may initially seem to be most important for those who are working in a state rather than those who are providing that work, but it is relevant to both. A high quality of life and low cost of living make it easier for businesses to find workers who meet the standards of the company and who can be paid a wage that is equitable for them and the company.
Some of the contributing factors to these include the energy market, transportation, and healthcare. The state has a comprehensive system of developing renewable energy resources alongside fossil fuels. The state is connected by two major interstates, an international airport, robust rail system, and an extensive public transportation system. The healthcare sector in Utah has facilitated the state’s consistent ranking as one of the healthiest in the nation. Residents pay the least for healthcare and the state government has dedicated resources to constantly improving the system.
The cost of doing business is also low. It has been about 13 percent lower than the national average for the last several years. This has a lot to do with being one of the top-ranked states in regards to business costs and labor supply. But the state also has a low level of governmental regulation on business and numerous financial incentives to encourage business growth and development.
There are many businesses that have already begun to reap the benefits of operating in Utah. As companies continue to share their experience of the growth potential and business friendly policies of the state the state has continued to gain a reputation for being the place to start new endeavors. Anyone who is looking for a great place to launch an entrepreneurial adventure or growth for an existing enterprise should carefully consider this state before making a final decision.
Здравствуйте товарищи!
Наша фирма занимается свыше 10 лет ремонтом и обслуживанием оргтехники в городе Минске.Основные направления и виды нашей деятельности:
1)заправка картриджей минск
2)разработка сайтов минск
3)продвижение сайтов минск
4)ремонт ноутбуков минск
5)ремонт компьютеров минск
6)ремонт принтеров минск
Всегда рады помочь Вам!С уважением, ТЕХНОСЕРВИС
https://www.4udom.ru/index/8-22631
https://www.steroidology.com/forum/members/serviceyfq.html
http://karachev32.ru/index/8-18748
http://www.d3jsp.org/profile.php?mode=viewprofile&u=39857
http://slavnyeimena.ru/index/8-11212
If you wish for to grow your knowledge simply
keep visiting this site and be updated with the hottest
news posted here.
This design is spectacular! You obviously know how to keep a
reader entertained. Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!)
Great job. I really loved what you had to say, and more than that,
how you presented it. Too cool!
Cbd oil that works 2020
I’m really impressed with your writing skills and also with
the layout on your blog. Is this a paid theme or did you customize it yourself?
Either way keep up the nice quality writing, it’s rare to see a nice blog like this one today.
best rated cbd oil http://j.mp/3drY6lE cbd oil that works 2020 http://j.mp/3drY6lE
Undeniably consider that which you said.
Your favourite reason seemed to be on the net the easiest thing to take note of.
I say to you, I certainly get irked whilst folks consider issues that
they plainly do not recognise about. You managed to hit the nail upon the highest as smartly as outlined out the entire thing without having side effect
, people could take a signal. Will probably be back to get more.
Thank you
I am extremely impressed with your writing skills and also
with the layout on your weblog. Is this a paid theme or did you customize
it yourself? Either way keep up the nice quality
writing, it’s rare to see a great blog like this one these days.
My programmer is trying to persuade me to move to .net from PHP.
I have always disliked the idea because of the costs. But he’s tryiong none the less.
I’ve been using WordPress on several websites for about a
year and am anxious about switching to another platform.
I have heard very good things about blogengine.net.
Is there a way I can transfer all my wordpress content into it?
Any kind of help would be greatly appreciated!
Здравствуйте дамы и господа!
Наша фирма занимается свыше 10 лет ремонтом и обслуживанием оргтехники в городе Минске.Основные направления и виды нашей деятельности:
1)заправка картриджей минск
2)разработка сайтов минск
3)продвижение сайтов минск
4)ремонт ноутбуков минск
5)ремонт компьютеров минск
6)ремонт принтеров минск
Всегда рады помочь Вам!С уважением, ТЕХНОСЕРВИС
http://sundu4oksxem.ru/index/25-af1fcfa36154b6c9a70650669e3400627951-1/index/8-29480
http://uckk.ru/index/8-17716
http://gfaq.ru/index/8-43024
http://forum.hertz-audio.com.ua/memberlist.php?mode=viewprofile&u=110470
http://night.kharkov.ua/index/8-249438
That is a really good tip especially to those fresh
to the blogosphere. Simple but very precise info… Thanks
for sharing this one. A must read article!
Hi everyone, it’s my first visit at this site, and article is in fact fruitful designed for me, keep up
posting these content.
Simply desire to say your article is as astounding.
The clearness in your put up is simply excellent and i can think you are knowledgeable on this subject.
Well along with your permission let me to grasp your feed to keep up to date with approaching
post. Thanks 1,000,000 and please carry on the gratifying work.
This is really interesting, You are a very skilled blogger.
I have joined your feed and look forward to seeking
more of your great post. Also, I have shared your website in my social
networks!
Hi there, I enjoy reading through your article. I wanted
to write a little comment to support you.
Thank you for the auspicious writeup. It in fact was a amusement account it.
Look advanced to more added agreeable from you!
However, how can we communicate?
Hi there, just became aware of your blog through Google, and found that it is really informative.
I am gonna watch out for brussels. I will be grateful if you continue this in future.
Many people will be benefited from your writing. Cheers!
cheap flights yynxznuh
Why Utah should be a one of the most preferred places to start a business? | Business Gross
[url=http://www.gvw59o786w8x30u69dg6wdz9s27r21ums.org/]upwoysjfzjl[/url]
apwoysjfzjl
pwoysjfzjl http://www.gvw59o786w8x30u69dg6wdz9s27r21ums.org/
Its like you read my mind! You seem to know a lot
about this, like you wrote the book in it or something.
I think that you could do with a few pics to drive
the message home a bit, but other than that, this is wonderful blog.
An excellent read. I will definitely be back.
A person necessarily lend a hand to make severely posts I would state. This is the first time I frequented your website page and up to now? I surprised with the analysis you made to create this particular publish amazing. Fantastic activity!