“Utah's future prosperity will be built upon four cornerstones”

“Utah's future prosperity will be built upon four cornerstones”

• “Utah's future prosperity will be built upon four cornerstones”

• - Gov. Gary Herbert

• Utah State of the State 2011

• GOAL:

• 66% of all adult Utahns will have a skilled trade certificate or college degree by 2020

COST OF DOING BUSINESS

• COST OF DOING BUSINESS

• • Top 10 in the State Business Tax

• Climate Index

• • 3rd lowest cost of doing business

• western US

• • Real estate rental below other

• western states

• WORKFORCE

• • #2 Fastest Growing State in the US

• • Residents speak over 100 languages

• • Competitive average wage

• ACCESSIBILITY

• • Salt Lake International Airport hosts

• over 700 daily flights.

• • St. George Municipal Airport hosts over

• 170 daily flights.

• • One-day truck from most cities in the

• Western US

• Strategic location for national connectivity

• Backbone to 5 major metropolitan areas

• Growing concentration of high tech companies

• Adobe, Oracle, IM Flash, Overstock, eBay, Fusion-io

• Ranked #1 in home broadband adoption — 80% of homes subscribe to Internet

• U.S. Department of Commerce

• 4th fastest Internet speeds in the nation — leading all western states

• Akamai Technologies Report

• 99.41% of homes have basic broadband service available — 3 Mbps down/768 Kbps up

• Utah Broadband Project/AGRC

• Home Depot (691 jobs)
• Lifetime Products (282 jobs)
• eBay campus (1,000 new jobs in addition to 1,200 existing)
• NSA is the nation’s largest construction project (1,200 Utah
• construction workers on site)
• Boeing (Participating in Dreamliner production)
• Hexcel (adding new production lines and manufacturing facilities)
• BYU (adding housing and instructional buildings)
• New SLC airport expansion at $1.8 billion over the next 10 years

• Increased wages.
• Additional growth to support the new working population.
• Commercial Real Estate development.
• Leads to additional opportunities.

Coordination and Collaboration

• Coordination and Collaboration

• Efficiency and Effectiveness

• _____________________________

• Utah will Remain the Recognized Leader in

• Integrated Economic Development