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Top States For Business In 2018: Starting A Solution Provider Company

Which states offer the most business opportunities, have an entrepreneurial culture or provide the most educated workforce for a solution provider startup? See how your state ranks in providing the resources needed—or hinders growth with taxes, regulations and other obstacles.

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No. 4: Utah (No. 10 in 2017)

Number Of Solution Provider 500 Companies: 2

Utah is another state that regularly scores well on our Best States list. This year the Beehive State is No. 1 for labor and operating costs and No. 16 in taxes and regulations, the latter the result of its low (5.0 percent) corporate tax rate and No. 8 ranking on the Tax Foundation's 2018 State Business Tax Climate Index.

Utah is No. 18 in workforce education and experience and No. 13 in entrepreneurship and experience. The tech sector accounts for 10 percent of Utah's total gross state product (No. 9) and WalletHub ranked the state No. 3 in its Best States to Start a Business review.

The state was ranked No. 25 in business climate/competitive environment: While its economy is strong (2017 GDP growth was 3.1 percent), the state has a relatively sparse number of businesses compared with more populous states.

Still, the state is ranked No. 2 for the number of fast-growing companies that call Utah home, according to the Information Technology & Innovation Foundation's 2017 State New Economy Index.

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