Expanding or relocating businesses often struggle to quantitatively compare sites when making location decisions. Fifty by Fifty (50x50), a new tool developed by the Economic Development Corporation of Utah (EDCUtah), will help make the analysis much easier.
The report comes out every year, a bit of demographic horse-racery: Which U.S. state grew the quickest? It’s usually some sun-drenched locale, or more recently, an oil-drenched one—North Dakota and its shale boom have won for four years in a row.
Pop quiz: Where does New York banking giant Goldman Sachs have its second-largest U.S. office? Not in Los Angeles, Chicago, or Miami, but here at 4,300 feet above sea level in the shadow of the Wasatch Mountains.
Forbes 11th annual Best States for Business list measures which states have the best business climates and are poised to succeed going forward. Leading the way for the third straight year is Utah, which also ranked on top between 2010 and 2012. Only Virginia in 2013 interrupted Utah’s reign this decade as the Best State for Business.