Utah Ranked Best State for Businesses

Utah ranked as the best state for businesses for the 16th straight year in an annual conservative economic forecast this week, with New York ranking dead last.

The American Legislative Exchange Council, a network of conservative private investors and state legislators, found in the 16th annual Rich States, Poor States report that Utah again topped a range of 15 indicators after adopting a flat personal income tax and easing pension and property taxes.

Economists Arthur Laffer, Stephen Moore and Jonathan Williams conducted the ranking of all 50 states. It favors states with generous tax incentives, light regulatory burdens and minimal debt. (Excerpt from The Washington Times.)