The Utah Manufacturers Association has released its 2023 Competitiveness Redbook for the state of Utah. The book provides a snapshot of Utah’s economic health by using data-driven comparisons with other states in a variety of key indicators, the association said.
The report shows that Utah remains in the top 10 in multiple positive rankings, including age group by percentage, net migration, top states for business, total enrollment in higher education, national assessment of educational progress, the average electricity retail price per kilowatt-hour for commercial and residential customers and airport on-time performance.
Utah continues to be ranked very highly in economic diversity, best states to do business, budgeting and fiscal effectiveness, and many other areas.
“A healthy and vibrant business climate is essential to Utah and its continued long-term business success. The continual evaluation of relevant business data, such as that in the Competitiveness Redbook, and the ongoing implementation of public policy are critical to growing the economy and improving the business climate in Utah,” said Todd Bingham, president and CEO of the Utah Manufacturers Association. “Utah often is recognized for being the No. 1 state in the country in a variety of areas, most recently, the best place to start a business. It is hard to get to a No.1 rank. It is even more difficult to stay No. 1. These indicators of Utah’s business climate are critical to the continued success of the state.”
“We encourage readers to use this book as a resource as employers, policymakers and others work to grow and strengthen Utah’s economic engine,” said Bingham.
The Redbook is available online at the UMA website, manufacturingutah.com.