Utah just cut its corporate tax rate again, down to 4.45%. That’s six straight years lawmakers have lowered it. Pair that with some of the lowest labor costs in the country, and it’s easy to see why Utah has ranked No. 1 for economic outlook for 19 years running. What would that mean for your bottom line?
Business Climate
Low Taxes, Competitive Labor Costs, and the Fastest-Growing Economy in America
The Data Behind 19 Years of No. 1
#1 Best State in America
According to U.S. News & World Report’s 2026 Best States rankings, Utah is the No. 1 best state in the nation for the fourth consecutive year, ranking in the top 10 in five of eight categories, including No. 2 for Economy and No. 2 for Fiscal Stability.
4th-Lowest Worker’s Comp Costs
According to Rich States, Poor States, Utah ranks 4th-lowest in the nation for average Workers’ Compensation Costs per $100 of payroll.
3.5% Unemployment Rate
According to the U.S. Bureau of Labor Statistics, Utah’s unemployment rate was 3.5% in August 2026, compared to a national rate of 4.1%, with job growth continuing to outpace the national average.
3,551,150 Population
According to the Kem C. Gardner Policy Institute, Utah’s population reached 3,551,150 in 2025, growing 1.3%, with 57% of that growth from natural increase and 43% from people moving to Utah. The Institute projects the population will reach 5.6 million by 2065.
Here’s what Utah’s No. 1 reputation looks like in practice.
The Advantages Behind the Rankings
Growth That Starts with the Right Introduction
"EDCUtah has a strong track record of convincing leading companies to invest for the long term in Utah.”
Derek Miller
President and CEO, Salt Lake Chamber
Review the Facts
See How Utah Stacks Up
EDCUtah shows you how Utah’s numbers compare against the other states on your list, all sourced and easy to verify.
Work with a Team Invested in Your Success
Let’s Build What’s Next, Together
