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Arizona, Colorado, Nevada, New Mexico, Utah and Wyoming

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Arizona

Arizona is a beautiful and diverse land, offering tranquil desert retreats to the south and pristine forests and vast mountain ranges to the north. It is perhaps best known for being home to the Grand Canyon, one of the seven natural wonders of the world that stretches more than 270 miles down the Colorado River.

In a state where only 18% of land is privately owned, Arizona is teeming with global connections and opportunities, consistently ranking among the top four US states for international investment.

Colorado

Colorado’s lifestyle is known for being laid back, progressive and active all at once, which is at least part of the reason why two Colorado towns feature in US News & World Report’s top five best places to live 2022-2023 . Between the 2010 and 2020 censuses, Colorado’s population grew by nearly 15%, double the rate of the rest of the country. Most of the growth has occurred in urban centers and surrounding suburbs. Agents who stay on top of changing demographics will have a competitive edge in attracting the new businesses that come with it.

The 2020 Census Diversity Index increased 6.2% from 2010. Colorado’s Asian population grew 44% during this period, and its Hispanic and Latino populations increased by nearly 22%. This diversity creates opportunities for multicultural companies.

Nevada

What makes Nevada unique? For starters, consider its geography and climate. Nevada has more mountain ranges than any other US state. While its mountains provide excellent skiing options, Nevada is also the driest state, with average annual rainfall of less than 10 inches.

Its skies may lack precipitation, but Nevada has more hot springs than any other state, with more than 300 occurring naturally. You will also find an abundance of gold, silver and other minerals underground. In fact, while Nevada is called the Silver State, it’s actually the nation’s largest producer of gold (84% of US production in 2019).

Although the federal government owns and manages approximately 85% of Nevada’s land, the state’s two largest economic centers, Las Vegas and Reno/Sparks, are teeming with innovation, growth and global opportunity.

New Mexico

New Mexico brings together a proud Spanish and Native American heritage that is felt throughout the state. It is home to one of the oldest settled communities in North America, the Taos Pueblo. It is a land with almost untouched ski areas, a place that cherishes ancient values ​​and traditions and a region ready to develop.

Immigration is increasing in New Mexico, but this may seem less apparent than in other states. Since 1990, the number of foreign-born residents has increased from 5.3% to 9.6%. Immigrants from Latin America represent the highest percentage at 75.1%, up from 69% in 1990. The number of arrivals from Mexico dwarfs that from any other country of origin. However, because New Mexico was once part of Mexico, recent immigrants share the same language and cultural heritage, blending easily into existing communities. The other countries of origin are the Philippines (3%), India (2%), Germany (1%) and Cuba (1%).

In 2018, some 350 international employers had operations in New Mexico, employing 18,000 workers. Of these, 20% belong to the manufacturing sector. Of all international employers, companies from the United Kingdom, Canada, and Germany support the most jobs in New Mexico. From 2009 to 2019, FDI employment in New Mexico grew by 19%, more than double that of private sector employment in the state.

Compared to other states, it can be harder to find international real estate deals in New Mexico, but that’s only if you don’t know where to look. Globalization is showing its impact on several niche markets and will likely continue to grow, especially along the state’s southern border. The Commerce Department reports that 18,800 U.S. jobs were directly supported by foreign-majority affiliates in 2021 in New Mexico. France, Canada, Germany and Spain were the main sources of FDI in the state.

Utah

Eager to attract growth, Utah hung an “open for business” sign for domestic and international investors and companies. By working together, the state government and business community have propelled Utah onto the world economic stage. As a result, Utah exported more than $17.7 billion worth of goods to overseas markets in 2020, and the state captured a nice chunk of foreign direct investment in the United States. In 2021, Seek Capital named Utah the first state to start a business based on a variety of factors. , including that venture capitalists invested $1.16 billion in 101 Utah-based companies in 2019, the fifth-highest total of any state. For a decade, Forbes has ranked Utah among the top three states for business, including six times in first place. In 2021, US News & World Report and WalletHub ranked Utah the best economy in the country, and Forbes named it the best state for GDP growth. Such economic distinctions attract the interest of foreign investors. The United Kingdom, Australia, Sweden, and Germany ranked among the top sources of FDI in Utah in 2021.

If you are based in Utah, you will find that many global opportunities can be pursued in the state’s international economy. Read the full report to discover seven ways to identify and profit from this global activity.

Wyoming

Wyoming is a land of rugged beauty, dominated by mountain ranges to the west and high plains to the east. The Rocky Mountains cover over a third of the state. The government owns nearly half of the land, but much remains available to investors, much of it at affordable prices.

Traditionally, Wyoming’s primary industry has been mining, particularly coal, petroleum, natural gas, and trona. It is the largest coal producer in the United States, supplying 40% of the nation, and home to the world’s largest trona deposit, supplying about 90% of the country’s soda ash. Looking to the future, Wyoming also ranks high in emerging and renewable energy sources, including wind.

Travel and tourism is another key industry, along with agriculture. Investing in farmland and ranches is increasingly popular and can be a valuable investment. Livestock accounts for 86% of the state’s total agricultural revenue, with 78% attributable to beef and veal. Hay is Wyoming’s premier crop. Other key crops are sugar beet, barley, dried beans and wheat.