Choosing the right location is an essential aspect of expanding your business to the United States. Utah's central location, consistent business-friendly regulation policies, and dynamic workforce make it a prime destination to start capitalizing on the U.S. Market.
Utah has a stable and predictable business-friendly climate. Our state has been ranked "#1 State for Business and Careers" by Forbes, for 2010, 2011, 2012 and "#3 Business Climate" by Business Facilities. Utah has attracted Fortune 500 and globally recognized companies. It consistently receives recognition for its low operating costs, high economic growth, and excellent governance. Businesses that make large capital investments have access to competitive funding thanks to Utah's thriving financial industry. Utah offers tax rebate incentives to companies that make capital investments in the state and create jobs. Utah also offers an unparalleled quality of life and has been named the "Happiest State in the U.S. Whether you are looking for a place to buy, relocate, sell, or invest, Utah is the place to be.
Why Invest in Utah
Reasons to do business in Utah:
Utah's dynamic, educated workforce
Utah has ten public and three Utah-based private universities and colleges. More than one out of every three Utahns has a college degree. Utahns conduct business in over 130 languages daily. Many residents have lived and worked abroad. This enhances their ability to make immediate contributions to the success of companies and divisions based in Utah that operate internationally. Utah's workforce is also the youngest in the US with a median age of 29.
Utah is a central, highly cost-effective distribution point for the Western U.S. Three major U.S. highways converge in Utah and every major western seaport is within a one-day trip by rail. Salt Lake International Airport services flights to over 90 cities in the U.S. and direct flights to Europe, Asia, Canada, and Mexico.
A Sensible Regulatory Environment
Utah's elected officials govern with consistent and business friendly policies. This predictable style of governance has earned Utah recognition from many credible sources. The Pollina Corporate Top 10 Pro-Business states for 2013 ranked Utah #1. Utah's Economic Development Tax Increment Financing incentive provides tax rebates to companies outside the state relocating or developing new operations in Utah.
Quality of Life
Quality of life is something that makes Utah different. In the winter, Utah's 15 ski resorts provide the world's finest skiing and snowboarding. Ski magazine has named Deer Valley Resort "North America's Top Overall Ski Resort five times. In the Summer, Utah offers numerous recreational activities including camping, hiking, mountain biking, fishing, and hunting. Utah is home to the greatest concentration of national parks in the U.S. Our five national parks are famous around the world for their spectacular and diverse natural beauty that attracts millions of visitors every year.In addition, Utah offers a wealth of cultural and artisitc activites. There are hundreds of theatres, dance troupes and music organizations in Utah including the renowned Mormon Tabernacle Choir and Orchestra at Temple Square, Ballet West, Utah Opera, and the Utah Symphony.