Provo-Orem came in second and Salt Lake City was fifth in the Milken Institute's ranking of the "Top 25 Best-Performing Large Cities."
An independent economic think tank, the nonprofit Milken Institute "believes in the power of capital markets to solve urgent social and economic challenges."
Its rankings are based on long- and short-term growth in jobs, wages, salaries and technology output. Provo-Orem was cited for its expanding technology sector and job growth, Salt Lake City for strong job growth in a diversified economy.
"This accolade speaks to the hard work being done in the state to create a business friendly environment focused on recruiting and retaining top companies," said Spencer P. Eccles, executive director of the Governor's Office of Economic Development.