These are the states where the economy is strong and opportunities are growing
- Job growth
- Growth of each state’s GDP between 2013 and 2016
- Business environment (monthly birth rate for new businesses)
- Unemployment rate
- Participation in labor force for everyone 16 and older
- Number of people moving in and out of a state was taken into account
- Tax burden
- The number of top company headquarters per capita
- Venture capital disbursed
- Entrepreneurship (“business birth rate”)
- Patent creation
- Colorado
- Utah
- Washington
- California
- Florida
- Oregon
- Idaho
- Texas
- Massachusetts
- Delaware
Colorado and Utah growing in the tech sector
Colorado taking the No. 1 slot is not a big surprise as its unemployment rate has been low for a while for the state with a population of 5.54 million. It is home to multiple booming industries including tech, agriculture, real estate, energy, tourism, craft beer, and everyone’s new favorite, cannabis. The state’s tech scene has become particularly relevant as the state employs hundreds of thousands of employees. Let’s also not forget that Google’s new Boulder campus plans to hire thousands of people this year. Colorado also continues to be a hub for startups and Inc. even dubbed Boulder “America’s Startup Capital.” Similar to Colorado, Utah (population 3.05 million) is also seeing huge growth in the tech space. Nicknamed the “Silicon Slopes,” Utah is home to Overstock.com and Omniture. And because of the tech boom, there is also a strong, venture capitalist community present as well. It should also be noted that Utah came in at No. 3 for “Opportunity” which took into account metrics including education, income inequality, and tools for economic success. SEE MORESEARCH ALL UTAH Homes
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