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Business Friendly Utah

By Ramon Gomez, Jr.
Mar 11, 2020

This week we are looking at business in Utah, the Park City Follies and beautiful countryside getaways. The Spectrum has shared How Utah ranks among the most 'business-friendly' states coming in second on the list. Across the United States, the environment in which businesses operate can vary considerably. Factors like regional policy, tax codes, infrastructure reliability, availability of skilled workers, and operation costs, among others, differ from one state to the next.  24/7 Wall St. created a weighted index of 42 measures to identify the best and worst states for business. These measures fall into one of eight categories: economic conditions, business costs, state infrastructure, the availability and skill level of the workforce, quality of life, regulations, technology and innovation, and cost of living. Data sources include the Bureau of Economic Analysis, the Bureau of Labor Statistics, and the Tax Foundation, a tax policy research organization.

Utah comes in right behind Massachusetts and ahead of Colorado with the following stats:

• 1-yr. real GDP change: +3.7% (8th best)

• Avg. earnings per job: $52,364 (14th lowest)

• Adults with a bachelor's degree: 34.9% (13th highest)

• 2018 venture capital deals: 3.4 per 100,000 people (8th most)

Four of the top five states for business are located west of the Mississippi River, and of them, Utah ranks the highest. Startup companies in the state are also drawing far more venture capital investment than those in most other states. Utah companies drew in nearly $1.2 billion in VC funding in 2018, equal to $369 per state resident, more per capita than all but four other states. To read the entire article CLICK HERE.

Every spring for the past 20 years, when ski lifts stop running, traffic dissipates and local restaurants take a couple weeks to recuperate, the Park City Follies enters the scene. KPCW shares about the magic of the Park City Follies. The Park City Follies has sold out for years as locals and visitors alike want to see the popular stage performance which pokes fun at Park City lifestyle, politics and culture.

In past years, the Follies creators select an overarching theme and build the show around high profile community issues. Tom Clyde is the MC and one of the co-writers and says it’s always a gamble when starting the creative process early, never entirely sure the topics will be current in April when the curtain goes up. Clyde says they’re planning a variety of vignettes with some familiar characters returning this year. “They'll be some people you recognize in it and just trying to have fun with the fact that we've been around for a lot longer than anybody ever intended.” Tickets are on sale now. There are nine shows starting Friday, April 24. They’ll perform through May 3 each night except Monday, the 27th. For tickets, go to Park City Shows.com.

Looking to get out of town, head south to Under Canvas Zion, Utah. Under Canvas Zion gets you up close and personal with one of the country’s most Instagrammed landscapes. The luxury camp—which also has outposts in Yellowstone, Glacier, and the Grand Canyon—spans 196 acres on the edge of Zion National Park. But don’t worry, you won’t be roughing it: tents are kitted out with a king bed, wood stove and a private deck. Rock climbing, canyoneering, and hot air ballooning in Utah’s dramatic desert is sure to sell you. Check out Jetsetter to find out more about this spot and seven others in the 8 Best Countryside Getaways in the U.S.

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