June 11, 2014

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Article

Utah Repeats as Top Spot in Small Business Friendliness Survey

Press Release

June 11, 2014

Salt Lake City – For the second year in a row, Utah has emerged as the top state for business friendliness in the third annual Thumbtack.com Small Business Friendliness Survey.

The study surveyed more than 12,000 small business owners across the nation. Utah excelled across every category for small business friendliness, earning a top five spot in all but one. And Utah tied with neighboring Idaho for the most A+ grades at nine.

“After a two-month survey of thousands of small business owners nationwide, Utah has emerged as the top state for business friendliness once again,” said Jon Lieber, chief economist of Thumbtack.com. “Creating a business climate that is welcoming to small, dynamic businesses is more important than ever, and for small businesses looking for an educated workforce and a welcoming environment, Utah is a great place to locate.”

Small businesses in Utah were the most optimistic in the nation about the outlook for their state economy, and they were the 6th most optimistic about the national economy.

Additionally, Utah had the second-highest percentage of businesses in the country reporting that they "pay the right share of taxes."

“In Utah, we want to be known as a  state where a business can grow and thrive in a friendly environment," said Gov. Gary R. Herbert. "We work closely with the business community to make sure the state is a partner in their success not a hindrance, and that is why Utah is climbing to the top of these type of studies. We have one of the most diverse economies in the nation and a quality of life factor that is hard to match.”

The top rated states overall were Utah, Idaho, Texas, Virginia and Louisiana. The lowest rated were Rhode Island, Illinois, California, Connecticut and New Jersey.

Thumbtack.com and the Kauffman Foundation evaluated states and cities against one another along more than a dozen metrics such as ease of starting a business, ease of hiring and regulations. For more information about the survey, visit http://www.thumbtack.com/survey#/2014/1/states">http://www.thumbtack.com/survey#/2014/1/states.

 

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