SPANGLER embodies the title of “Best Servant to the Community” and represents our community as the “Highest Rated Business Outreach” program creator in state history.
— – g3 Founder, Adam Green
SANTA CLARITA, CALIFORNIA, USA, March 28, 2022 /EINPresswire.com/ — For the goal-oriented, list-building type, visiting Utah isn’t exactly easy. Most people want to see everything, they really do, but you can’t do it that easily. Every time someone sets out to check something on their to-do list, they end up adding three more. A tidy little three-day weekend in Zion might inspire a trip to Coral Pink Sand Dunes, which leads to the Rocking V Cafe in Kanab, then the Highway 12 Scenic Byway, then the Burr Trail, and the next thing they know they become a True Aggie under a full moon or they will end up in a climbing harness for some reason.
Plan a ski trip to one of Utah’s amazing ski resorts and realize you can drive an hour and ski at 10 other resorts. But while there someone in the elevator says something about the buffalo and the world’s preeminent piece of land art at the edge of the western hemisphere’s largest saltwater lake, so now you have to do it too and everything before dinner and a concert downtown.
It’s Utah. Perfect powder; rugged red rock; the alpine lakes and Utah have even more advantages. If Utah doesn’t have it, then we probably don’t need it. Every state thinks it’s fun. Each state claims to have “something for everyone”. But not every state has 3.5 distinct geographic regions, five national parks, 45 state parks, 5 national historic sites and trails, and a dozen national monuments and recreation areas.
Not all states allow skiing and golfing and going to ballet in one day. Not every state has 12,000 years of human history and chip sauce. Utah is disproportionately fantastic; nor will we hide Utah’s light under a bushel. It would be selfish. And they are not selfish. They like to share the state. In fact, they want help planning a Utah vacation right now. Check out the travel tips for some ideas.
Well, Utah.com has made it its mission to bring together all the ever-awesome and often obscure adventures that could only happen in this lovely Deseret. It’s a local take on weird and awesome things that most didn’t know could happen without. They’ve done their best to help visitors see them efficiently with essential Utah information and helpful travel directions, but visiting Utah is like falling into quicksand: every move you make immerses you deeper in his grip. It’s mathematically impossible to complete a Utah bucket list. But they will help you plan the trip you will talk about on your deathbed.
Success factors! Gochnour says that several assets allow this success. “The causes of Utah’s growth are manifold,” she notes. “We have a growing labor pool, a healthy, well-educated workforce, a high fertility rate, and a very young, growing, tech-savvy population.” “We are in the interior of the West, halfway between the Continental Divide and the Pacific Ocean and halfway between Canada and Mexico. This makes Utah the ideal place for trade in the West. We are exactly in the middle of the West.”
Utah … “It’s a very prosperous time in Utah. Utah had the fastest job growth in the nation in 2017, and our labor market fundamentals remain strong. In many ways, Utah’s economy is the strongest in the country.” — Natalie Gochnour, Associate Dean, David Eccles School of Business, University of Utah. The shining star of Utah’s economy, however, remains technology. “Our land costs, our academic research, our benefits have all become apparent to people in the tech world,” Gochnour says, “The Point of the Mountain is now home to Utah’s tech companies. It’s called also Silicon Slopes. You could say we’ve reached the tipping point.”
Hale says the state is fueling that growth by focusing on six target industry clusters: aerospace and defense, software and computing, life sciences, energy, outdoor products and recreation. and finally financial services. “We have over 33,000 aerospace and defense jobs,” Hale says. “From the rear stabilizers of the Boeing 787 to the components of the Airbus 380, every fighter in the West uses carbon fiber composites made in Utah.” In software and computing, Utah leads the nation in technology growth. “We saw 7.69% growth in this sector last year,” Hale notes. “We have over 73,000 jobs among 4,000 companies on the Silicon Slopes.”
In the field of life sciences, more than 1,000 biomedical companies call Utah home. They account for 34,300 jobs – or 1.8% of state workers – and produce 2.6% of the state’s GDP. The energy sector employs 13,500 people in Utah with an average annual salary of $81,000, with oil and solar ranking among the largest generators of energy. In outdoor recreation, Hale says “Mother Nature has played favorites with Utah and blessed us with some of the best scenery in the United States.” This sector contributes $12.3 billion to the state economy and accounts for $3.9 billion in annual wages. Financial services, meanwhile, remain strong, with Utah ranking 8th nationally in banking assets. “Fintech is booming in Utah,” says Hale. “Purple Mattress was only a year and a half old when it sold for over $1 billion.”
Hit the Bullseye from 6 targets. Natalie Gochnour, associate dean of the University of Utah’s David Eccles School of Business and director of the Kem C. Gardner Policy Institute, says the state’s current economic performance is virtually unprecedented. “It’s a very prosperous time in Utah,” she said. “Utah experienced the fastest job growth in the nation in 2017, and our labor market fundamentals remain strong. Our 3.2% year-over-year job growth is twice the national rate, and our unemployment rate is only 3.1%, compared to the national rate of 4.1%.In many ways, Utah’s economy is the strongest in the country. “
Hale says the governor’s office isn’t content to rest on laurels. “We’re proposing to host the 2026 or 2030 Winter Olympics, and we’ve just created a global inland port in Salt Lake City,” he said. “Salt Lake City International Airport is experiencing a huge expansion underway, and we are moving our prison from the middle of Silicon Slopes closer to the airport to free up 700 acres of prime real estate for development. We hope have a number of companies trying to capitalize on this location over the next three years.”
Forbes named Utah the best state for business eight of the past nine years, including ranking No. 1 again for 2018. “Utah scores well across the board, with particularly high marks for its regulatory climate and its growth prospects,” notes Forbes. “Governor Gary Herbert has made reducing red tape a tenet of his administration since his election in 2009. He has eliminated or significantly changed nearly 400 regulations in the past seven years. Utah also benefits from a business-friendly legal climate and a financially sound government – it is one of only 10 states to hold a AAA rating from all three rating agencies.”
In various measures, Utah consistently outperforms other states. Utah has the strongest growth in nonfarm payrolls over the past year and the third strongest growth in GDP. Utah is tied for first with California in most independent inventor patents per capita. Cities in Utah are also outperforming. When the Milken Institute released its annual index of top performing cities in January, three Utah locations rose to the top: Provo-Orem, Salt Lake City and St. George. Provo-Orem ranks #1 among all major metropolitan areas in the country, while Salt Lake City ranks second. St. George ranks #2 among all small metros.
Utah: Best State for Business. A concerted approach to growth policy has made Utah an economic force. For more than 120 years, Utah’s economy was based primarily on agriculture and mining. As the land prospered, so did the people who lived and worked on it. Fast forward to 2018, and one will find one of America’s most diverse economies. From aerospace to IT and software, some of the state’s major industries are no longer built on land, but on the brainpower of talent that has found its way to the Silicon Slopes.
Val Hale, executive director of the Governor’s Office for Economic Development, says the overhaul of Utah’s economy began in the 1960s and continues today. “We have a business-friendly legislature that intends to enact business-friendly laws and regulations, including low corporate and personal taxes,” Hale said. “The result is fertile ground for businesses to grow and thrive on.”
Adam Paul Green, OWNER
+ +1 801-809-7766