Utah boasts a strong economy that fosters growth in the small business sector. Coupled with support from the tax code and licensing regulations, Utah has become a haven for entrepreneurs and small businesses.
Salt Lake City, UT (PRWEB) June 25, 2012
Entrepreneurs who are eyeing startup opportunities should set their sights on Utah, said Jeff Lamb, human resources manager at proHR, a Utah-based human resources firm.
New research showed that Utah is one of the best locations for entrepreneurs to start a business. According to Thumbtack.com, Utah was ranked the fourth best state for starting a company by 6,022 small business owners across the United States. The survey coincided with research by The Business Journals, which named Salt Lake City the best place to do business in the West, and one of the top five startup friendly cities in the country.
“These recent reports shine a spotlight on Utah’s business friendly regulations, which have been in place for years,” Lamb said. “Utah boasts a strong economy that fosters growth in the small business sector. Coupled with support from the tax code and licensing regulations, Utah has become a haven for entrepreneurs and small businesses.”
Located in West Jordan, Utah, proHR is a human resources management service working with small and midsized businesses in mostly the technology and Web-based sectors.
“We are always looking to bring more startups into Utah,” Lamb said. “On our website, we have a long list of advertising, marketing and consultation startups that just need someone to take up the challenge. All of these companies are backed by several, already successful businesses that are ready to offer advice, clients and support to an entrepreneur with the drive and intensity needed to get the idea off the ground.”
He said he hopes the potentially lucrative startup opportunities help fuel Utah’s reputation as a hub for new businesses. For the right entrepreneur, there are also opportunities to start financial services, public relations, social media marketing and other types of firms.
Click here for a list of opportunities for entrepreneurs who would like to run companies.
“Many of these positions have lucrative stock options and personal ownership that business leaders want,” Lamb said.
Research from Arizona State University showed Utah had the second-highest job growth in 2011. According to Utah’s Department of Workforce Services, job growth has increased 2.1 percent from last year, with the national average at 1.3 percent. Utah also has an unemployment rate of 6 percent, far below the national average of 8.1 percent.
In an interview with the Deseret News, David Bradford, CEO of Utah’s HireVue, said it was Utah’s “love and passion of entrepreneurism” that made the state ideal for starting a business.
According to Thumbtack.com co-founder Sander Daniels, “For small businesses looking for a place to hang a shingle or to plant a flag – they can’t do much better than Utah.”
Utah-based proHR is a human resources management service specializing in the HR management needs of small and midsized businesses working within Web-based and technology-driven sectors. ProHR understands that nothing is more critical to a company’s success than the effective management of its most important asset – human capital. Visit proHR.com for more information.