SALT LAKE CITY — For the fifth year in a row, Utah has been named the state with the brightest economic outlook.
According to the ALEC-Laffer State Economic Index, “Rich States, Poor States,” Utah is the No. 1 state in the nation for economic outlook. The “Rich States, Poor States” analysis uses 15 variables to evaluate the state’s potential economic outlook, including tax rates, tax burdens, number of public employees, minimum wage and more.
“The secret of our success is that there is no secret,” said Utah Gov. Gary Herbert. “We follow the basics and we adhere to correct business principles in a free market environment. Utah keeps taxes low, limits nonsensical business regulation, offers a well-educated workforce, avoids excessive debt, promotes innovation and is efficient in state government. You have to go back to the year 2000 to find the same number of state employees we have now.”