Forbes named Utah the second best state for business moving up one stop from last year. Forbes has been ranking the business climates of states since 2006 and Utah is the only one to come in at the top six times. They use 41 metrics across six main categories: business costs, regulatory environment, economic climate, growth prospects and quality of life.
Utah ranked highest in employment growth and is expected to remain #1 in that category through 2022. Utah's low energy costs and ability to lure in tech companies and many start-ups also made them rank #2 in the Nation. Though it isn't stated in the article by Forbes, Utah's beauty and year round outdoor activities most likely contribute to many employers and employees eventually settling here. If you or anyone you know if considering moving to the Park City area please have them contact us, we would love to educate them in the real estate market in Park City and help them find a home or condo to best suite their needs.