From Deseret News archives:
Fertile valley: Utah County firms surging despite labor shortage
The rapid expansion of the state's economy, especially in Utah County, has created an unexpected labor shortage, especially in the technological field. It has not, however, slowed the growth of many homegrown companies.
In fact, the state has nine companies listed in the Inc. Magazine 500, which recognizes the nation's fastest-growing companies. The rankings will be published in the September issue of the magazine.
Six of those companies are Utah Valley-based , including two Heritage Web Solutions and Doba who have over 3,000 percent growth since 2003 and are among the 25 fastest-growing companies.
Because of that growth, however, employers are struggling to find employees for skilled positions, especially with computer programming and Web design. Steve Densley, president of the Provo/Orem Area Chamber of Commerce, said that he is hearing more and more from companies trying to fill positions and discovering that the best they can do is recruit from other companies.
Still, it did not surprise Densley that the county had a half-dozen companies ranked in annual Inc. report.
"There's quite an entrepreneurial spirit here, especially with the upwardly mobile college graduates," he said.
Brad Stone, chief executive officer of Heritage Web Designs, said that good employees were so difficult to find that they had to start contracting jobs to telecommuting programmers last year. The problem is not talent, but numbers, even with the graduates from the valley's two universities.
Heritage, which Stone started with three other partners in Salt Lake City in 2002, was 22nd on the list. It is an "all-in-one" Web services company, offering Web site design, marketing, programming and hosting to primarily small and medium businesses.
In some ways, Utah County is starting to become a technological hub that resembles the days when companies like WordPerfect, Novell and Micron were employing thousands of people.
"The Utah County tech market has been hot and cold," Stone said. "But there is a resurgence of the tech industry down here."
Despite the rapid growth, Stone said there are currently no plans to take the company public or merge with a bigger company. Instead, they are looking at one of the computer giants for their business model.
"We'll probably continue to grow as a private company, much as Google did, until our hand is forced and we need to go public," he said.
Along with the nine companies on the Inc. 500 all of which posted more than 600 percent gains since 2003 71 Utah companies are listed on the Inc. 5,000. Both lists are based on growth between 2003 and 2006, and are ranked according to percentage of revenue growth.
Two neighboring states, Arizona and Colorado, had nearly twice as many companies on the Inc. 500 and Inc. 5,000, but neither of them had any companies in the top 25. Idaho and Nevada had fewer companies than Utah on the lists and none in the top 25.
E-mail: jloftin@desnews.com
Recent comments
I work with SOS Technical in Utah County, and we're constantly trying...
SOS Technical - Orem | Aug. 24, 2007 at 10:07 a.m.
So which companies are hiring, and where can we apply?
Guaglione | Aug. 24, 2007 at 9:29 a.m.
- NASA sets Monday shuttle launch 11:53 a.m.
- WVC robberies investigated 11:41 a.m.
- Funeral today for Utah soldier 11:16 a.m.
- Vaccination clinic set in St. George 11:15 a.m.
- $47B in suspect Medicare claims 11:11 a.m.
- 3 dead in Reno helicopter crash 11:02 a.m.
- Galaxy headed to MLS Cup 10:45 a.m.
- Veteran climber dies in Himalayas 10:36 a.m.
- Slovakia beats U.S. 1-0 10:30 a.m.
- Suicide attack kills 11 in Pakistan 10:28 a.m.
- Attack meant to kill apostle
- Williams leaves, won't play tonight
- Short-handed Jazz fly past Sixers
- Can BYU root for (ick) Utah Utes?
- Man killed during 3rd I-15 crash
- Bench proves fruitful for Y.
- D-Will home for daughter
- Trial begins in toddler death
- Born of water and the spirit
- Utes excited for 'dream' game
- SLC council OKs gay rights policies
349 - Editorial: Mormons and gay rights
199 - Senators want food tax restored
162 - Will state consider gay rights law?
145 - Letters: Strange breed in Utah
129 - Utes remain silent about BCS
120 - S.L. vote pending on gay protections
113 - Can BYU root for (ick) Utah Utes?
105 - Celtics crush Jazz
104 - Pratt pleads not guilty to sex charges
103
If you are looking for a bird on the cheap, the following specials from...
Maybe someone out there can help me understand how raising the state...
The reason that won't be the case is because, unlike your teams line, our...
This freedom of speech issue is enough to make me want to remain as a private...
What is everyone talking about? Good luck next game? I could have sworn I...
yeah, TV might be rude. but springville isn't smart for trying to compare...
Thanks, Robinson, for a laugh-out-loud funny article which makes a point then...
WAC 1-0 vs the MWC this year, next week will be 2-0 for the WAC when Utah...
"Three Rivers" is an excellent program. I hope everyone will tune in!
A real man! What a pro that Mathis is! He's great! I thought Matthews played...
I wouldn't call Brown "big". Tall, maybe, but he's maybe the skinniest high...
Tobacco prevention saves lives and money.


