Southern Utah business growth leads the state as aging workforce nears retirement

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Washington County leads the state of Utah in terms of business growth over the last three years, according to a recent study.

The data by online investment firm SmartAsset is gained from publicly accessible records to identify the places across the U.S. that received the most incoming investment for a three-year period.

The research measures investment in counties across three metrics: business establishment growth, gross domestic product growth and new building permits. "We also looked at investment and development in the local residential real estate market," the research states. "To measure this real estate growth, we calculated the number of new building permits per 1,000 homes."

Washington, Wasatch, Beaver, Iron and Utah counties rounded out the top five with the most development in Utah. In terms of total incoming investment over the same time period, Wasatch, Washington, Utah, Iron and Kane counties lead the state.

 

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