Silicon Slopes – Technology Growth in Utah

November 28th, 2012 by Alex Cortez

Submitted by Alex Cortez through the Trefis Contributor Program

With Utah being one of the top job creating states in the country as of last year, tech companies seem to be flocking to the area to take advantage of the strong economic growth the area has attained. In 2011, computer system design jobs rose to 12% with scientific and technical jobs also rising to 9.7% stimulating job growth the rest of the country would envy.

Skullcandy, a Park City based company also home to the retail giant Backcountry.com, seems to be an up and coming location for tech businesses based in the small ski resort town. Just a quick drive from the Salt Lake City valley, the area is a popular location for tourism due to the multitude of ski resorts as well as venues such as the Sundance Film Festival. The area is known to have celebrity residents and other wealthy figures taking advantage of the real estate in Park City and Deer Valley. These companies are taking advantage of the young, tech-savvy workforce who live in the area and are thriving in their prospective marketplaces for a reason.

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Ebay has called Utah a home for its business for some time now and companies like Adobe are quickly following suit with the long list of tech companies breaking ground in the area. With the state corporate tax rate being a flat 5%, it is over 1.6 points below the 50-state average. Utah is also popular for having a minimal barrier to entry for business creation making it that much more attractive for business to bring operations to the desert soil.