What does it take to attract a transportation or distribution facility? Access to transportation, quality of roads, and absence of perpetually congested areas are all important factors. (3 min read)
Economic growth and development relies on healthy population growth. Between July 2015 and July 2016, Utah was the fastest growing state in the nation at 2.03%, which is great news for the state for several reasons.
Population growth can tell an interesting story about a state. In particular, it can talk to the economic suitability of a state for a business considering relocation.
Utah has one of the lowest unemployment rates in the nation at 3.4%, which is an indicator of a strong economy. However, a low unemployment rate does bring its own economic development challenges. Many Utah companies struggle to find qualified labor because our unemployment rate is so low.
A pair of federal economic reports indicate that Utah leads the nation in personal income growth. At 1.4%, Utah is ahead of the nation’s personal income growth of 1.0%. This means more money in Utahns’ pockets.
St. George, Utah deserves some serious kudos. From August 2015 to August 2016, St. George had the largest percentage increase in employment of any of the 381 metro areas in the nation at 7.1%. St.
