Forbes magazine named Utah the 2016 Best State for Business and Careers. Utah has ranked no. 1 on the list six out of the last seven years, with 2016 marking the third consecutive year in the top spot.

“Utah leads by consistently adhering to a conservative economic approach,” said Gov. Gary R. Herbert. “Reducing regulation, spending within our means and finding innovative solutions are important to maintaining our business-friendly environment and benefits Utah residents for years to come.”

Utah has been ranked no. 1 for economic outlook every year since 2008 and currently has the fourth most diverse economy in the country. Forbes listed Utah’s regulatory climate, job growth and fiscally sound government as a few of the reasons the state earned such high marks. In addition, the magazine points to the state’s rapidly growing tech sector as a major boon to its economy. The study, now in its 11th year, incorporates 40 metrics from 17 sources in six categories.

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