When it comes to the discussion of the best destination to start a new business, there are a few options to mind but rarely does Utah ever is part of the conversation. Well, this is about to change as Utah is emerging as one of the top new options for entrepreneurs.
First off, the Utah economy is in really good shape with a GDP growth rate of 3.7% (the national average is 2.8%). The economic growth is noteworthy and presents a variety of opportunities for new businesses to flourish and thrive. It is now emerging as a startup hub in the west and there are up to 50,000 new jobs created every year.
The low corporate tax rate of 4.95% in Utah is also another factor that would make it a great destination for business startups. This means that it will be less costly for businesses to operate in Utah, further increasing your potential profit margin. If that's not enough, then there are plenty of great universities and colleges in the state. They continually produce educated and hungry workers that can benefit businesses of all sizes once they enter the employment field.
A vibrant startup scene and a promising economy are just some of the reasons why you need to add Utah as a potential destination for a new business. For business insurance related info please refer to our more in depth article.
At the request of our visitors we've included the below local insurance contacts for most cities in Utah. If you've ever driven in Utah during the wintertime, you know that it can be a bit cumbersome. From heavy snowfall to black ice, there are many factors that can lead to car accidents. The state of Utah requires that all drivers have auto insurance to cover bodily injury and property. Unlike some other states, uninsured motorist coverage is optional. To get the most affordable rates, you should compare low cost quotes offered by licensed companies in Utah. While the basic policies are the most affordable, you can still find cheap car insurance in Utah that has some additional coverage, such as collision and Personal Injury Protection. For additional information on traffic laws or driving schools please navigate to your respective state using the map. And for manufactured home insurance, please refer to the respective article.
Utah, also known as the "Beehive State" or "The Mormon State", is located in the Mountain West region of the United States. The former nickname refers to the state's original title, "The State of Desert", which means honeybee in the Book of Mormon; hence, the second nickname. Also, it refers to the state's motto: industry.
Utah is famous for its incredible natural wonders, specifically the national and state parks. A road trip to the state is the best way to get a glimpse of some of these amazing sights. Its capital and largest city, Salt Lake City, is a young, vibrant, and dynamic city, which is also a home for historic, natural, and religious attractions.
The state's economy is highly diversified, where the biggest sectors are transportation, education, research and information technology, mining, and government services. The state is also a popular tourist destination, particularly for outdoor recreation. Many large enterprises also have their offices in Utah, especially in the finance and trade industry.
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