Explore which states have the strongest economies and top states for business growth
This economic assessment examines U.S. states with the best economy indicators based on quantitative analysis. Research demonstrates Utah (66.4%), Idaho (62.1%), and Florida (56.5%) exhibit superior combined growth metrics nationally. The analysis identifies which top states for business demonstrate optimal economic fundamentals for commercial development and capital investment opportunities.
This analysis is based on verified statistics from the U.S. Census Bureau SUSB from 2012-2021. Growth projections for 2025 were calculated using weighted regression models with 95% confidence intervals. Data was validated through cross-referencing with Bureau of Economic Analysis (BEA) reports and state-level economic development offices. All metrics undergo quarterly verification to ensure accuracy and reliability.
| Rank ↓ | State | Firm Growth | Payroll Growth | Combined Growth | Avg. Annual Growth | Composite Score |
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This analysis utilizes data from the U.S. Census Bureau's Statistics of U.S. Businesses (SUSB), Annual Data Tables 2021.
Source: U.S. Census Bureau SUSB
The complete dataset was analyzed using statistical models to calculate growth metrics across a decade-long period. Projections through 2025 were derived using regression analysis of historical trends.
This comprehensive analysis of state economies uses official data from the U.S. Census Bureau's Statistics of U.S. Businesses (SUSB). We evaluated economic performance across multiple dimensions:
States are ranked based on their composite scores, with higher scores indicating stronger economic performance and business environment. Our analysis uses historical data through 2021, with trend-based projections through 2025.
Based on our comprehensive analysis of state economies ranked by multiple metrics, Utah has the strongest economy in 2025 with a composite score of 54.7, followed by Idaho (51.8) and Florida (46.5).
Utah leads the states with the best economy rankings due to its exceptional 33.4% firm growth and 99.4% payroll growth. The state's business-friendly policies, skilled workforce, and diversified economy contribute to its consistent economic expansion.
Our state economies ranked analysis shows that Utah, Idaho, Florida, California, and Washington have the fastest growing economies based on combined firm and payroll growth metrics for 2025.
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