As Utahns, we are all defined by hard work, strong morals, and love of state, but I fear we are losing one trait that our forbearers found indispensable — the ability not to fear change — for with change comes progress and opportunity.

To contemplate the changes experienced by recent generations is overwhelming; because our preceding generations knew no fear, look at the marvelous things they accomplished in just the span of last century.

My recently deceased Grandmother Ruby went from horse and buggy—to the automobile—to the airplane—to seeing a man walk on the moon—to the development of a microchip that can hold the history of all these events in an area smaller than a pinhead.

As Governor, I will not allow us to lose the valuable lessons from generations past. This state was built on opportunities — the rugged individuals who put progress before self...who took extraordinary risks...and who ventured eagerly into new frontier territories all in the name of a better tomorrow.

This same spirit is at the very core of who I am and what will define my administration. We will not fear change. We will embrace opportunity.

And so we stand here today emboldened by the past and committed to the future. Like my ancestors, I will seek opportunities for Utah. My administration will deliver innovative and novel approaches for creating jobs and expanding our economy. This will be my single-minded resolve because so much — educating our children, providing health care for all Utahns, and paying for badly needed improvements to our infrastructure — depends on a viable economic base.

But in getting there, let me promise you this: my proposals will not be influenced by personal ambition or political need. It has often been said that political power is finite — that is the more you use, the less you have. If that is true, whatever political capital I now possess will be used for the good of this state.

And if at the end of four years the bank is empty, but the economy is stronger, I will be grateful. If at the end of four years our children have more money for books and our teachers are better paid, I will be satisfied. And if at the end of four years we have provided the infrastructure necessary to meet the needs of the next generation, I will consider my tenure a success.

My father, one of the great entrepreneurs and philanthropists of this state, taught me that capital, monetary or political, is to be used to benefit others. I intend to continue that tradition.