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2013-06-26 10:13:05
States with a booming business environment

Do Business in UtahSo where are the jobs at!!!

The nation’s economy is picking up, but much of the country’s recovery is being fueled by states that are job creation machines. The latest job growth report by Arizona State University’s W.P. Carey School of Business shows Utah and other western states are champs at creating a variety of employment opportunities.

No. 1 in job creation is North Dakota, with a job growth rate of 3.39 percent (mainly due to the oil industry), followed by Utah (2.90) and Arizona (2.61). Rounding out the top five are Texas (2.48) and Colorado (2.32). And filling in the top 10? No. 6 is Oklahoma, with a job growth rate of 2.18 percent, followed by Idaho (2.16), Montana (2.12), Indiana (2.05) and No.10 is Hawaii, with a job growth rate of 1.98 percent.

Job growth doesn’t solve every problem, but it does do a lot for a state’s economy by starting an economic chain reaction. Job growth helps boost existing home sales and new home construction. It also helps increase commercial leasing, purchase and construction activity. That in turn helps create an environment that supports new business formation and even more business expansion, which creates even more jobs.

Obviously, strong job growth and a state legistature focused on creating a healthy business environment also translates into a healthy housing market.  And, is one of the core reasons that Park City continues to be a great location for real estate investment.  Our resort town continues to have a stable market with prices still below other ski town.  (Try to find a condominium in Vail, CO near the ski lifts for under $500,00 -- you can find them in Park City.)

Nick Coleman, Park City Realtor

By Nick Coleman
Call 435-640-7781 or email [email protected] 
to find your Dream Park City Home.

Follow Nick on Twitter @ParkCitySold for regularly updated Park City Happenings or 
Join us at the I Love Park City Google+ community.

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Related Information

Park City Information

Utah Leads the Nation in Business Development


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