Utah ranks at the top of many rankings of state performance across America. But perhaps the Beehive State is best known for its top rankings on the economic front. The “Utah economic miracle” — marked by exceptional economic growth, a favorable business climate and high rates of economic mobility — has garnered attention across the nation and helps explain why Utah’s economy ranks No. 1 among all 50 states, according to U.S. News & World Report.
The strength of “the Utah way” can be attributed, in part, to the state’s unique civic, religious and political endowments, including unusually high levels of social capital and low levels of government regulation. But Utah’s material and emotional success is also attributable to the strength and stability of its families.
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