Utah ranks #1 for economic outlook

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

Utah holds the top spot for states with the best economic outlook in 2013, according to a new report by the American Legislative Exchange Council.

The report, Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index, examines the latest trends in state economic growth.

The ranking is based on 15 policy variables, including tax rates and regulatory burdens and labor policies. The report shows that states with lower taxes and fiscally responsible polices have far more economic growth and job creation than other states.

Utah has ranked first in this report for the past five years. Other states with a positive economic outlook include North Dakota, South Dakota, Wyoming and Virginia.