Utah - a Hotbed of Tech Growth
Connect Magazine “Growing Utah’s Technology Industry on a National Scale” speaks about Utah’s solid growth in the tech industry. It’s not only ahead of the nation but it’s well ahead of national averages.
“Utah is 38.5% higher than the U.S. total in tech employment per capita” - U.S. Census, 12/31/04
The USTAR Economic Initiative predicted 400 new companies will create over 100,000 new high-paying jobs in Utah.
We have sticking points though. We’re good at making good with what resources we have. However, we need to fund growth. We need more business support services. The article specifically points to a lack of PR, accounting, and legal services. We can’t thrive without all the tools. Imagine the results if we improved our infrastructure.
I’m encouraged by a new women’s entrepreneurial fund that is forming. I hope more captial will come to Utah. Our state should take a leadership role in encouraging businesses with favorable tax laws and necessary support. We have the talent, now we need to attract the money.
The Utech conference is addressing how businesses can leverage the internet to grow. It’s one piece of the solution. Utah has great potential and results to show for what we’ve done so far. We’re getting recognition for it. I want to see the success continue. I hope to have some part in it.
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