ALL NEWS

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

Apr 19, 2022, 5:00 AM
The Capitol in Salt Lake City on Monday, Jan. 24, 2022.  KSL Newsradio file...
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.  

All News

...
Dan Bammes

Four die in Iron County plane crash

IRON COUNTY, Utah — Four people died Saturday evening in a plane crash east of Cedar City. The Iron County Sheriff’s Office says deputies and firefighters were dispatched to a report of a fire about five miles east of Cedar City shortly before 7:00 p.m. When they arrived, they discovered the wreckage of a single-engine […]
2 months ago
State street traffic sign...
Samantha Herrera

State Street traffic restrictions starting soon

State Street traffic restrictions are slated to start soon and continue into August. Work will impact areas downtown and near the Capitol.
2 months ago
Nicolas Cage as “Nick Cage” contemplates his career in Mallorca, Spain in “The Unbearable Wei...
KellieAnn Halvorsen

FAN EFFECT REVIEW: “The Unbearable Weight of Massive Talent” is a hilarious grown-up comedy with an emphasis on grown-up

“The Unbearable Weight of Massive Talent” is a wonderfully weird, insightfully intelligent, and absolutely hilarious grown-up action-comedy. 
2 months ago
Garth Brooks Salt Lake...
Simone Seikaly

Garth Brooks sells out second Salt Lake concert in 45 minutes

It was the second time in less than a year that Garth Brooks sold that many tickets for a Salt Lake City concert so quickly.
2 months ago
A Smith's recycling bin...
Devin Oldroyd

Recycle single-use plastic at your local Smith’s

In honor of Earth Month, Smith's Food & Drug is encouraging its customers to recycle thin-filter plastic materials at their local stores.
2 months ago
City hall break-in window was smashed...
Devin Oldroyd

South Weber City Hall break-in causes minor damages

The South Weber City Hall break-in was reported by employees as they were showing up to work Friday morning. Walk-in traffic was closed due to the break-in.
2 months ago

Sponsored Articles

Prescription opioid...
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?
...

Tax Tuesday: The Most Common Mistakes People Make When Filing Their Taxes

Fortunately, for most average earners, they will not end up owing overpayments received for the Child Tax Credit in 2021.
...

Tax Tuesday: How will last year’s child tax credits affect you?

Fortunately, for most average earners, they will not end up owing overpayments received for the Child Tax Credit in 2021.
...

Tax Tuesday: Key Information Before the Filing Deadline

Businesses can receive a credit of up to $5,000 per employee in 2020 and up to $21,000 per employee in 2021.
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