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Title: Utah’s Tech Economy, Volume One: Economic Impacts, Industry Trends, Occupations, and Workers

Citation Type: Miscellaneous

Publication Year: 2019

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Abstract: The tech industry, which provides information technology capabilities and support, made significant contributions to Utah’s economy in 2018. Tech companies supported one in seven Utah jobs and one-sixth of worker earnings in the state. This economic activity generated over $2.5 billion in tax revenue to help fund schools and government services. Tech companies employ a larger share of the workforce in Utah than nationwide. The industry’s generous pay, compared with other industries, attracts workers. Even with Utah’s strong wage growth in recent years, tech companies find labor costs in Utah well below the national average. Job growth in Utah’s tech industry has been remarkable compared with other industries and states. In addition to 118,600 Utah jobs in the tech industry itself, tech-related firms provided 50,100 jobs that overlapped with aerospace, defense, life sciences, and other industries. Another 43,800 employees worked in tech occupations for non-tech companies. Salt Lake and Utah counties provide most of Utah's tech jobs, but the industry creates economic opportunity throughout the state. Going forward, homegrown and transplant tech innovators leverage decades of private and public investments in Utah's tech sector.

Url: https://gardner.utah.edu/wp-content/uploads/2019TechReportVol1.pdf?x71849

User Submitted?: Yes

Authors: Pace, Levi

Publisher: Kem C. Gardner Policy Institute

Data Collections: IPUMS USA

Topics: Gender, Labor Force and Occupational Structure, Race and Ethnicity

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