Bryan Hawker believes that Utah is the best state to do business and he outlines the 5 main reasons why. The Beehive State has some of the lowest taxes in the country, a fiscally minded government that encourages job and economic growth, top-notch infrastructure, effective regulations and an amazing quality of life.
1. Utah Has Low Taxes
Taxes are very important when it comes to economic competitiveness. Tax rates are a major factor for people and businesses when deciding to move to a new state and set up shop. According to the Tax Foundation, Utah is currently ranked 9th best tax climate in the country for business. Bryan Hawker states that while Utah levies all major tax types, the Beehive State earns its place in the top 10 due to lower property taxes and strong unemployment insurance tax system.
2. Utah has a Well-Managed Government
Utah is a national leader when it comes to fiscal management. In fact, the Pew Center on States Government Performance project gave Utah an “A-” in 2008 on government management of information, people, infrastructure and funds.
Bryan Hawker states that according to this report, “Utah manages itself with savvy business acumen”. Furthermore “financial decisions are made wisely, with an eye toward return on investment and long-term performance.”
3. Utah Has a Top-notch Infrastructure
A solid infrastructure is vital to a state’s ability to grow economically and plan for the future. A safe and efficient transportation system, clean water supply and modern energy infrastructure are essential to maintain the quality of life Utahans enjoy. That is why Utah has locally funded two of the largest transportation projects in U.S. history: the UTA FrontLiner commuter rail line stretching 89 miles along the Wasatch Front and the I-15 CORE project.
Utah is one of only a few states where the legislature approve a tas tax increase in order to rebuilt its transportation infrastructure. In addition to rails and roads, the Salt Lake City International Airport is undergoing a $3 billion renovation project. In order to solve tomorrow’s problems, Utah needs to invest today says Bryan Hawker.
4. Utah has Effective Regulations
A regulatory system which is streamlined gives businesses the confidence needed to invest and hire in today’s marketplace. This is why Governor Gary Herbert and the Utah Legislature passed regulatory reforms ensuring that Utah’s regulatory system makes rules that enhance economic growth. These reforms are aimed at monitoring the impacts of regulations by requring that each bill outlines both its costs and benefits.
5. Utah Has Best Quality of Life
There is something for everyone in Utah from red rocks to amazing snow. Utah is home to more than a dozen ski resorts for snow enthusiasts. In the summer, Utah has plenty of recreation activities such as rock climbing, hiking, mountain biking, camping, fishing, boating and much more. On top of that Utah boasts some of the most spectacular scenery on earth.
Bryan Hawker says one of his most favorite things about Utah is the number of popular national parks. Utah has the most national parks in the U.S including Arches, Capitol Reef, Bryce Canyon, Canyonlands and Zion. It’s no big surprise then why U.S. News and World report ranked Utah as one of the 10 best places to live in the nation.
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