From Deseret News archives:
Utah tech companies grew 7.3% in year
Leaders of the council, formed last month through the merger of the Utah Information Technology Association and the Utah Life Science Association, on Wednesday released statistics showing growth in council membership, as well as the number of technology companies and the number of tech workers in Utah.
Using data from the U.S. Department of Labor's Bureau of Labor Statistics and the Utah Department of Workforce Services, the council found that Utah has 3,786 tech companies about 3,200 in the information technology sector and about 500 in life sciences. That's up from 3,528 a year ago, representing growth of 7.3 percent.
The state has nearly 60,000 technology and life sciences jobs, and the average technology salary is 66 percent higher than the statewide average annual wage for nonagricultural jobs. The IT and life science industries also generate $3.1 billion in annual Utah wages.
"That's the impressive piece," said Richard Nelson, UTC president and chief executive officer.
"We have a spectacular technology economy, and we understand what we've got here," Nelson said. "The numbers show that there is real growth and it should continue."
What's more, federal government data indicated Utah's 8.54 percent growth in the number of tech industry establishments from 2003 to 2004 was tops among six Western states. Colorado was at 0.58 percent, while the other states' totals actually shrunk. Nationwide, the number was down more than 1 percent. As for tech employment, Utah's 2.69 percent growth also led the pack, far exceeding the nationwide pace, which actually fell 1.57 percent.
On a per capita basis, Utah trailed only Colorado in the tech establishments and tech employment categories among those states.
"The thing that we can't do is rest on our laurels," said Will West, UTC chairman and president and CEO of Control4. "The states around us Colorado included but also New Mexico, Arizona and Nevada they're all spending money to attract business and foster the same kind of growth that we're trying to do. We have to be aggressive," West said.
Comments
- Man found guilty in '07 slaying 12:04 p.m.
- Dr.: Mitchell seeks signs from God 11:57 a.m.
- Deck your home for Christmas 11:53 a.m.
- Utah environmental director honored 11:53 a.m.
- Earth Day award nominations sought 11:52 a.m.
- First-time mom: 'Terrible Two' 11:52 a.m.
- Is glucosamine good for pain? 11:45 a.m.
- Old teapot has little value 11:43 a.m.
- Emerging from mental illness 11:41 a.m.
- Energy efficiency grants available 11:38 a.m.
- Witness: Mitchell stalked victims
- BYU football: Bronco weighs in on Hall
- Williams' late jumper tops Spurs
- Yet again, we learn BCS is a big joke
- $2M error could mean layoffs
- Cougars in better mood about bowl
- Storm pounds Utah for 2nd day
- Ranking the bowl games
- BYU eager for crack at Oregon State
- TCU's BCS game missing something
- Y. profs: Beck not all-knowing
268 - TCU to play Boise in Fiesta Bowl
203 - Letters: Global warming a lie
182 - Cougars going back to Vegas
147 - Utah/BYU rivalry can be more civil
138 - George lost in rivalry hatefest
119 - BYU football: Bronco weighs in on Hall
114 - Ed Smart 'appalled' at testimony
100 - Harpring's NBA career is over
98 - Utahns want health care reform bills
84
Amazon.com, Target.com, Sears.com, Walmart.com, Kmart.com and...
It seems that Sports Radio needs to have someone play the role of designated...
mark | 11:44 p.m. You didn't know Al Gore OWNS and CHAIRS a company that...
Are your lives that horrible that you are going to sue for a little joke...
Sarah did not lose the election for the republicans. GWB did that. Sarah...
The saddest part of this whole Max Hall business is that by excusing what Max...
You need to look no further than TCU their weekly performances etc. They won...
Dennis served his mission under Pres. LeBaron in South Africa in 1976-1977....
Andersen even admits going to great lengths to trick the public. He even had...
That is so funny. All you jokers that loved MJ fell for it again. The guy is...
Americans would have more money to spend if they quit taking it out of our...


You can be the first to comment on this story.