Best States for Business: #2
Utah
Open for Business Index Score: 87.1
Utah scored near the top for health and cost of employing labor, while scoring among the leaders in tax burden, percent of employees represented by unions, cost of living, tort law, size of government, and education. Utah’s worst component was infrastructure, where it came in slightly lower than average. The Beehive State is a model for what is right for attracting business. Gov. Gary Herbert recently said “Utah’s economy is growing twice as fast as the national economy, proving yet again that when government gets out of the way and simply facilitates economic growth, the private sector thrives.”
Worst States for Business: #2
New Jersey
Open for Business Index Score: 58.2
For all the improvement made in New Jersey during Gov. Chris Christie’s tenure, the state still has a long way to go to improve on our Open for Business Index. New Jersey scored dead last in not one, but two categories, tax burden and tort law. The Garden State came in near the bottom in cost of living, cost of employing labor, size of government, and percent of labor represented by unions. New Jersey came in well below average in education. Better categories for the state were infrastructure and health where it came in slightly above average.
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