Utah Named State with Best Economic Outlook for 15th Year in a Row

Apr 19, 2022, 5:00 AM

Utah capitol is picture. Leaders reacted to a leaked abortion opinion...

(KSL NewsRadio file)

(KSL NewsRadio file)

(Salt Lake City, UT) — Utah’s red hot economy is getting some national notice.  The Beehive State is named the state with the best economic outlook for the 15th straight year.

“Every year, those predictions for Utah have come true”

ALEC-Laffer State Economic Competitiveness Index, released Monday, compares its forecast of states across 15 economic policy variables.  Utah Senate President Stuart Adams tells KSL Newsradio those factors include regulatory policy, how much debt the state holds, workman’s comp rates, mortality rates, GDP, tax burdens and how schools are doing.  Adams says the rankings are a prediction of how each state is doing economically looking forward, and every year those predictions for Utah have come true.

“We have a great quality of life, and that’s why I think our economic outlook is so good, because people tend to vote with their feet.  They moved where there are good jobs and a good economy, not just any jobs, but jobs that will sustain families, jobs that will be able to give you that good quality of life,” says Adams.

He says the explosion of good tech jobs, whether at Hill Air Force Base, through Northrop Grumman and others provide, for example, the area surrounding Lehi famously known as the Silicon Slopes, good pay so families can most enjoy the unique Utah quality of life.

Housing, inflation are concerns

Utah is struggling with housing, which Sen. Adams acknowledges is something lawmakers need to work to improve.  Inflation, he says, is also something everyone is dealing with now as well.

“Maybe this is a minute when we ought to celebrate that our economic outlook is better than any other state in America, and America is think has a better outlook than any other country, so we are probably the best spot in the world, as far as economic outlook, so that’s pretty significant,” according to Adams.

A team effort

He says credit for the state’s continued economic success is shared among lawmakers who passed sound bills, the leadership of three governors, and citizens of Utah whose strong work ethic has contributed year after year to Utah’s economic success.

“The citizens of Utah were number one for charitable giving, I think we have a natural work environment conducive to a good economy, an airport that is so close to a metropolitan area, lots of rivers, lakes and streams,” says Adams, and world famous ski slopes that attract people from all around the world.  

We want to hear from you.

Have a story idea or tip? Send it to the KSL NewsRadio team here.

All News

Jordan Thorpe scrapes snow off his windshield after the first snow of the season in the valley in S...

Carter Williams,

Warnings, advisories issued as ‘significant’ winter storms heads toward Utah

SALT LAKE CITY — Federal forecasters issued a series of winter storm warnings and winter weather advisories across Utah on Thursday, ahead of a “significant” winter storm with the potential to dump more than 2 feet of snow in the mountains this weekend. The Wasatch Mountains and Wasatch Back communities are expected to receive the […]

7 hours ago

The Draper City Fire Battalion Chief's vehicle is parked outside Draper City Hall in Draper. a Carb...

Eric Cabrera

Carbon monoxide scare at Draper school

The American Preparatory Academy in Draper City had a carbon monoxide scare Wednesday. No one needed extensive treatment.

8 hours ago

a dog plays in the snow with its owner, dogs need extra protection in winter...

Emma Keddington

Winter protection for your dog: ‘Treat your dog like you’re treating yourself’

If you have a dog, you should make sure they have the same amount of winter protection you'd give yourself.

10 hours ago

a woman covers her face...

Associated Press

Study says the US is ill-prepared to ensure housing for the growing number of older people

The 58-year-old lost his job as a machine operator, then his home, and he was living in his truck when he was diagnosed with stage 2 lung cancer.

11 hours ago

The TikTok logo is displayed on signage outside TikTok social media app company offices in Culver C...

By Samantha Delouya, CNN

Judge blocks Montana’s TikTok ban from taking effect on January 1

(CNN) — A federal judge on Thursday halted Montana’s TikTok ban, which was set to go into effect at the start of 2024. In a filing, US District Judge Donald Molloy said that despite the state government’s attempt to defend the law, “the current record leaves little doubt that Montana’s legislature and Attorney General were […]

12 hours ago

Palestinians walk through damaged buildings in Gaza City....

Associated Press

Israeli military confirms release of 8 more Israeli hostages from captivity in Gaza Strip

At least 10 Israelis a day have been released during the truce, in return for Israel’s release of at least 30 Palestinian prisoners.

12 hours ago

Sponsored Articles

front of the Butch Cassidy museum with a man in a cowboy hat standing in the doorway...

Bear Lake Convention and Visitors Bureau

Looking Back: The History of Bear Lake

The history of Bear Lake is full of fascinating stories. At over 250,000 years old, the lake has seen generations of people visit its shores.

silhouette of a family looking over a lake with a bird in the top corner flying...

Bear Lake Convention and Visitors Bureau

8 Fun Activities To Do in Bear Lake Without Getting in the Water

Bear Lake offers plenty of activities for the whole family to enjoy without having to get in the water. Catch 8 of our favorite activities.

Wellsville Mountains in the spring with a pond in the foreground...

Wasatch Property Management

Advantages of Renting Over Owning a Home

Renting allows you to enjoy luxury amenities and low maintenance without the long-term commitment and responsibilities of owning a home.

Clouds over a red rock vista in Hurricane, Utah...

Wasatch Property Management

Why Southern Utah is a Retirement Paradise

Retirement in southern Utah offers plenty of cultural and recreational opportunities. Find out all that this region has to offer.

Human hand holding a protest banner stop vaping message over a crowded street background....

Prosperous Utah Communities

Utah’s Battle to Protect Youth from Vaping Epidemic Faces New Threat as Proposed Rule Threatens Progress

Utah's strict standards of nicotine levels in vaping products are at risk, increasing health hazards associated with use. Read more about how you can advocate for a better future for Utah's youth.

Aerial photo of Bear Lake shoreline with canopies and people camped out on the beach...

Visit Bear Lake

Last-Minute Summer Vacation Planning? Check Out Bear Lake!

Bear Lake is the perfect getaway if you are last-minute summer vacation planning. Enjoy activities with your whole family at this iconic lake.

Utah Named State with Best Economic Outlook for 15th Year in a Row