Utah Named Best State for Business 3rd Year in a Row

It seems like just yesterday that I talked about Utah being named the best place to do business by Forbes. Here we are again to celebrate Utah receiving this honor for the third year in a row! Since Fishbowl is headquartered in this state and doesn’t have any plans for moving, this reflects well on our company’s future.

Utah and the United States, Fishbowl Inventory Blog

How Utah Won

A Forbes article breaks down the factors that gave Utah an advantage over every other state:

  • Utah’s population has the youngest average age in the country at just 29
  • A third of the state’s workers are fluent in at least two languages
  • Utah’s international trade continues to rise each year
  • Adobe, eBay, Goldman Sachs, Oracle, and Procter & Gamble have all moved some of their operations to Utah
  • The state’s regulations and legal structure are the third best in the country for business
  • Energy costs are much lower than the national average

The Rise of Manufacturing

An important trend that the Forbes article doesn’t mention is Utah’s increasingly diverse manufacturing industry. I found some interesting statistics about this in another article, entitled “Utah Manufacturing Goes into Orbit.” Here they are:

“Utah’s manufacturing sector is the third largest employment sector in Utah, comprising about 9.6 percent of Utah’s workers, totaling more than 114,700 people. Workers in this sector also receive wages that are 22 percent higher than the average monthly wage in Utah.”

Manufacturing is in the top three of all the industries in Utah, in terms of employment? That is incredible to me. The article I included above notes that a manufacturer that had moved some of its operations to China recently made the strategic decision to move its staff back to Utah. This is happening with manufacturing jobs in many other states, not just in the ones traditionally known for their manufacturing, such as Michigan.

I hope you enjoyed hearing this good news. It’s nice to go into the new year on a positive note.

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About Robert Lockard

Robert Lockard is a copywriter with Fishbowl. He writes for several blogs about inventory management, manufacturing, QuickBooks and small business. Fishbowl Inventory is the #1-requested inventory management software for QuickBooks users. Robert enjoys running, reading, writing, spending time with his wife and children, and watching movies.
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4 Responses to Utah Named Best State for Business 3rd Year in a Row

  1. Alex Fuller says:

    Utah is definitely a great place for businesses. Whether its the many startups in Provo and Orem, large companies like Adobe moving in, or established manufacturers throughout the state, the state definitely has a positive economic climate.

    Thanks for sharing.

    • Thank you for your comment, Alex. Who would’ve thought that Utah would have so many big companies moving to it, even though it’s such a small state compared to California or New York, in terms of population? It’s pretty incredible how much things can change. Even the little guys can compete with the big guys in today’s economy.

      Have a happy New Year!

  2. Barney says:

    When you cite an article like this, please give the original source link.

    • Oops. You’re absolutely right. Thank you for reminding me to do that. Sometimes when writing a post, I accidentally allow details like that to get lost in the shuffle. I just corrected that mistake by adding a link to the Forbes article. Thanks again for your helpful feedback.

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