educated workforce | Layton City Economic Development

Utah Ranked No. 2 by WalletHub as Best State to Start a Business

Economic Development, Economic News | accessible financing, available financing, economic resilience, educated workforce, low corporate tax rates, Reasonable real estate costs, tech-savvy ecosystem, Utah businesses, WalletHub

There is never a better time to launch a venture in Utah. According to a 2026 study by WalletHub, Utah ranks as the No. 2 best state to start a business, distinguished by its economic resilience, accessible financing, and a tech-savvy ecosystem that fuels innovation. Startup Challenges While the entrepreneurial spirit is strong, the statistics […]

Impact of Baby Boomer Retirements Projected to be less Significant in Utah

Economic News | Baby Boomer departures, Baby Boomers, brain drain, educated workforce, talent-ready workforce, U.S. Department of Labor, Utah Department of Workforce Service, Utah economy

The nation’s Baby Boomers, those born between the years 1946-1964, are a vital part of Utah’s economic success. This generation has been a strong factor in labor markets and their impending retirement could be significant. The U.S. Department of Labor estimated the majority of the working baby boomer generation would retire between the years 2016 […]