ALL NEWS

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...
The Capitol in Salt Lake City on Monday, Jan. 24, 2022. 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.  

Today’s Top Stories

All News

Local environmental groups are taking a victory lap now that a medical waste incinerator in North S...
Lindsay Aerts

Stericycle can no longer burn medical waste in SLC, but the fight to stop toxic pollutants may not be over

Local environmental groups are taking a victory lap now that a medical waste incinerator in North Salt Lake belonging to Stericycle, has been shut down.
22 hours ago
Utah Fire Info says the Deuel Creek Fire is now 100% contained. Photo Credit: Utah Fire Info....
Devin Oldroyd

Deuel Creek Fire is now 100% contained, Utah Fire Info says

Utah Fire Info says the Deuel Creek Fire is now 100% contained after days of firefighters combating the blaze.
22 hours ago
Smoke is visible behind an airplane...
Devin Oldroyd

Grass fire near Salt Lake City International Airport causes road closure

A grass fire started near Salt Lake City International Airport Wednesday morning.
22 hours ago
Cars drive through the I-15 and I-215 interchange. The Cottonwood heights 1-215 bridge will close t...
Samantha Herrera

UDOT to temporarily close Cottonwood Heights I-215 bridge for restoration

The Utah Department of Transportation will close the Union Park Avenue to westbound I-215 flyover bridge in Cottonwood Heights for two weeks.
22 hours ago
Utah Highway Patrol car. UHP just responded to a Cedar City crash Wednesday....
Devin Oldroyd

Cedar City crash caused by sleeping driver, police say

A driver in Cedar City reportedly fell asleep behind the wheel crashing head-on into another vehicle, sending one person to the hospital.
22 hours ago
The family of Zane James reacts to settlement with Cottonwood Heights city....
Mark Jackson

Family of Zane James speaks out after settlement reached with Cottonwood Heights

The family of Zane James, who died after a police altercation in 2018, reached a settlement with the city of Cottonwood Heights over the death.
22 hours ago

Sponsored Articles

Tax Harassment...
Jordan Wilcox

The best strategies for dealing with IRS tax harassment | You have options!

Learn how to deal with IRS tax harassment. This guide will teach you how to stop IRS phone calls and letters, and how to handle an IRS audit.
spend a day at Bear Lake...
Bear Lake Convention and Visitors Bureau

You’ll love spending the day at Bear Lake | How to spend a day at Bear Lake

Bear Lake is a place that needs to be experienced. Spend a day at Bear Lake.
Curb Appeal...
Price's Guaranteed Doors

How to have the best of both worlds for your house | Home security and curb appeal

Protect your home and improve its curb appeal with the latest security solutions like beautiful garage doors and increased security systems.
Prescription opioids can be disposed of during National Prescription Take Back Day...
Know Your Script

Prescription opioid misuse | How to protect your family from the opioid epidemic

Studies have shown that prescription opioid misuse has increased since COVID-19. So what do you need to know about these opioids?
national heart month...
Intermountain Healthcare

National Heart Month: 5 Lifestyle Changes to Make Today to Keep You Heart Healthy

Heart disease is the leading cause of death for both men and women. One person dies every 36 seconds in the United States from cardiovascular disease
Joseph Smith Memorial Building...
Temple Square

The Joseph Smith Memorial Building is an icon of Salt Lake City | Why hosting an event at this beautiful location will make you a hero this year

Here's why hosting an event at the iconic Joseph Smith Memorial Building in downtown Salt Lake City will make you a hero this year.
Utah Named State with Best Economic Outlook for 15th Year in a Row