|Ravell Call, Deseret News|
"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.
Utah’s growth prospects are strong in part because of a burgeoning tech sector. Venture capital investment was $1.5 billion combined in 2014 and 2015 compared to $635 million the two years prior. In April, PayPal co-founder and early Facebook investor Peter Thiel, along with Mitt Romney’s co-led venture fund Solamere Capital, announced plans to invest $100 million in Provo-based Vivint Smart Home. In a nod to its neighbor to the west and Utah’s ski terrain, the corridor connecting Ogden, Salt Lake City and Provo has been dubbed “Silicon Slopes.”
The state is home to a handful of “unicorns” like Domo Technologies, Insidesales.com, Pluralsight and Qualtrics. These privately-held firms, which boast VC investments that value the companies at more than $1 billion, can count on a deep pool of young, educated employees from schools like Brigham Young University and the University of Utah... tech stalwarts like eBay, Oracle, Microsoft and Twitter have also expanded operations in Utah in recent years."
Note: Utah was also recently ranked as the happiest state 2016! Way to go Utaaaaaahhhh!