Compare states for HQ and expansion — CNBC 2025 rankings.

Full state page

CNBC 2025 · #16 of 50

Utah

Very favourable

Fell 3 ranks since CNBC 2024 (#13 → #16)

Overall score
85 /100

Rank #16 of 50

Best for

  • Fintech
  • Deep talent pool
  • Business-friendly
  • Infrastructure-ready
  • Strong economy

Category snapshot

Top strengths

  • Economy #8
  • Infrastructure #9
  • Workforce #9

Areas to improve

  • Quality of Life #46
  • Education #44

Founder Lens highlight

Fintech — #10 of 50 · 57/100

StateCompass derived from CNBC category scores — not CNBC's official overall rank.