2 minute read
Financial Services
GROWTH AND INVESTMENT CONTINUE TO THRIVE IN UTAH
For over a decade, Utah has been recognized nationally as an excellent state for business. In its most recent rankings, U.S. News & World Report ranked Utah the No. 3 best state in the nation and gave Utah credit for the best overall economy. Additionally, the American Legislative Exchange Council ranked Utah as the state with the best economic outlook for the 14th consecutive year. The secret is out on doing business in Utah, and the secret is getting out on investing in Utah, too.
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Every spring, MountainWest Capital Network presents the Annual Deal Flow Report, Utah’s only comprehensive publication tracking equity-related financial transactions throughout the state. MountainWest Capital Network’s goal is to showcase Utah’s dynamic business environment and increase attention from local and national investors. In 2020, this report highlighted that while the number of reportable equity-related transactions was down as compared to years past, the $26.4 billion volume of these transactions was substantially higher than any year in recent history.
MountainWest Capital Network will release the results from 2021 later this spring at its 27th Annual Deal Flow Event. All indications are that 2022 will be another banner year for public offerings, private placements through venture capital, private equity, angel investors, and mergers and acquisitions. For more information on this and other events hosted by MoutainWest Capital Network, visit mwcn.org.
While nobody can perfectly predict the challenges that Utah and other states will face in 2022, the past performance of the state and its ability to thrive in a changing world give us reason to be very optimistic that Utah will continue to be a great place to start a business, operate a business and invest in companies of all kinds.
Paul Skeen, CPA
Skeen is an assurance partner at Eide Bailly, LLP in Salt Lake City. His experience in public accounting includes involvement in all aspects of financial and compliance audits with an emphasis in assurance and advisory services to dealerships and governmental entities. He currently serves as chair of MountainWest Capital Network.
