Utah still the top business-friendly state, say conservative economists

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Utah stands as the most business-friendly state for the 17th straight year in an annual conservative economic forecast announced Tuesday, with New York dead last for the 11th consecutive year.

The Salt Lake City, April 22, 2016. The owners of the NBA’s Utah Jazz said Wednesday, Jan. 24, 2024, they have the immediate ability to bring an NHL team to Salt Lake City and requested the initiation of an expansion …

“Americans are voting with their feet and fleeing the high-tax, high-regulation states like California, New York and Illinois for pro-growth, pro-employment havens like Utah, Idaho and Arizona, where leaders rely on a set of free-market principles and pro-taxpayer reforms that landed those states at the top of our rankings,” Mr. Williams said.

The study builds on demographic trends that show more people have relocated from states with high income taxes to states with lower tax rates in recent years. Texas jumped from 13th to sixth place over the same period after passing the biggest tax cuts in state history last year. The group also noted that Lone Star State broke into the top 10 after receiving a flood of residents moving from other states.

 

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