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The Utah economy has outperformed the US average for the last decade. This is due to our hard-working and skilled workforce coupled with a consistent, conservative state tax and regulatory policy.
That being said, as a small business owner of two restaurants, I know first hand the challenges small businesses face.
Private enterprise will flourish when a level playing field exists that is stable and predictable. Government regulation must be minimal and corporate tax rates should be low. The first rule of the legislature when it deals with the Utah economy must be to “do no harm.”
Where possible, the state should encourage innovation and nurture the entrepreneurial spirit. Programs to turn research from our universities into start-ups will pay dividends as those businesses expand locally. However, any use of public funds to spur economic activity must be done with prudence and accountability.