Utah Tech Sector

Special Report

Utah's Thriving Technology Ecosystem

 A report by the Utah Technology Council | 2018



SUMMARY

For more than 20 years, UTC has been dedicated to the growth and vitality of Utah's innovation economy. A strong and vibrant technology ecosystem is evident in a steady stream of jobs, firms, and investment. Utah is nationally recognized as a leading (and growing!) technology hub. Looking to the future, Utah industries are going to require more and more highly-skilled and highly educated workers in the coming years. UTC is working to incentivize our best and brightest to pursue careers in high-demand fields and then stay in Utah and go to work at Utah companies.

66,189
Industry Jobs
$5,163,871,843
Industry Payroll
5,531
Industry Firms
5 Largest Industries Share
Top 5 Counties Share
County Industry Employees Yearly Industry Wage
Salt Lake County, Utah 33,599 $81,611
Utah County, Utah 19,358 $81,650
Davis County, Utah 2,041 $61,781
Washington County, Utah 952 $55,746
Weber County, Utah 712 $47,986

Some of the fastest growing regions are outside the SLC tech hub.

TECH IMPACT ON UTAH'S ECONOMY IS FAR REACHING
13,425
Jobs Posted in Utah, 2016
Employment Growth (YoY Change) Share
-148.80%
45.32%
239.44%
433.56%
627.68%
821.80%
2016 Brookings study finds advanced industries such as those at the intersection science, technology, engineering, and math have a whopping 2.2 multiplier effect. That means for every job created in an advanced industry, an additional 2.2 are added to the economy.
Tech Industry Job Multiplier
Jobs
generates
220 new jobs in other sectors

Tech employment grew 16% over the past 4 years

Utah’s tech industry continues its meteoric growth, having recently achieved national recognition as a “Super Sector.”
Historical Change Share

Technology occupations are found throughout the state in a variety of sectors.

For every 1 job in Information and Communication Technology there's 1 job outside the sector Share
Industry Comparison Share

The word is out. Utah is a great place to invest. 


Over $4.2 billion

of venture capital has been invested in Utah in the past 5 years
VC Investments, Number of Deals, 2012-2017, Utah Share
VC Investment Amounts 2012-2017, Utah Share