Laura Seitz, Deseret News
The state of Utah has proven to outshine other states in recovering employment and growth in the technology industry. While the nation's IT employment dropped 1.5 percent in 2010, Utah's grew by 2.22 percent according to the Utah Technology Council.
In 2010, Utah's technology businesses were 20.1 percent higher than the nation's per capita at 13.7 percent, said the report.
In 2009 to 2010, Utah's clean technology industry growth jumped from 997 establishments to 1,013. The five other Western states — California, Arizona, Washington, Colorado and Oregon — all decreased in establishments in 2010, according to the Utah Technology Council.
In 2011, Utah had more than 7,000 companies in the technology industry, which includes IT, life sciences and clean technology industry. The growth in companies and entrepreneurial talent are two reasons there is a continued upward growth, according to Richard R. Nelson, founder and CEO of the Utah Technology Council.
He also credits Utah having a business-friendly legislator and governor as well as fundamentally changing its capital structure after a bill the Utah Technology Council was able to pass in 2003.
"Factually we have such a standout group of companies of entrepreneurs and growing companies," he said. "Now you will see that we've moved some of those start-ups into the 20 to 100 or 20 to 200 employee category."
In a closer look, Salt Lake County is home to 52.9 percent of the technology-based industries, and Utah County comes in second at 20.5 percent, according to data collected by the Utah Department of Workforce Service from the report.
- Salt Lake City is now 'Ski City USA' in new...
- University of Utah entrepreneurship program...
- Dave Ramsey says: Tips for stretching dollars...
- FedEx to add 50,000 seasonal jobs
- Financial interventions don't work
- Extended warranties a big sell. Are they...
- Transportation and community planning...
- Vail Resorts buys Park City Mountain Resort...
- Salt Lake City is now 'Ski City USA' in... 5
- Extended warranties a big sell. Are... 4
- Dave Ramsey says: Tips for stretching... 4
- How employers can improve the nation's... 2
- Financial interventions don't work 2
- San Diego cabbies cry foul over body... 1
- GM expert says 19 deaths eligible for... 1
- US current account deficit dips to... 1