Utah Ranked #2 For Business In Economic Development

Aug 10, 2010

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Posted In : News, News

2nd place ribbon

Utah has been named for a second year in a row as a top state for business according to a top economic development publication called the Pollina report named after Dr. Ronald R. Pollina. In its recently released report Pollina ranked Utah as the #2 state in the Top 10 Pro-Business States for 2010.

The report takes into consideration 31 factors including job creation, job retention, human resources, taxes, energy costs, economic incentive programs and more.

Dr. Pollina stated “the effort to make America more business-friendly must come from all levels of government. Many states are doing such a poor job of creating a pro-business environment that they can’t even come close to competing with each other, much less compete globally.”

2010 Top 10 Pro Business States

  1. Virginia
  2. Utah
  3. Wyoming
  4. South Carolina
  5. North Carolina
  6. Nebraska
  7. Kansas
  8. South Dakota
  9. Alabama
  10. Missouri

For the seventh year in a row California has ranked dead last in the Pollina report for Pro-Business states.

The Vice President of Park Ridge which is the Illinois-based Pollina Corporate Real Estate and author of this years study said “In recent years, we have lost millions of the nation’s manufacturing, technology and high-wage service jobs, and this trend is escalating.” says Brent Pollina. “The federal budget deficit, trade deficits, low interest rates, family debt and inadequate educational systems are and will continue to have a negative impact on the U.S. economic, political and military strength in the 21st Century.

“We are deluding ourselves if we believe that we have not been impacted already, both socially and economically, and that our government, along with American ingenuity and tenacity, will correct for any losses. This report details how many state governments have the resources, but not the will, to keep Americans employed in high paying 21st century jobs.”

Order the Pollina Top 10 Pro-Business States Report

Utah has other awards that it has received in the business community as well. Business Facilities Magazine last week ranked Utah #1 in Quality of Life, #2 for Best Education Climate and #3 for the Best Business Climate.

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