Salt Lake City and the surrounding area, home of Brigham Young University, is most famous for being the world headquarters of the Mormon church. But this little-known Western tech hub is also churning out fast-growing companies.
Is Salt Lake City becoming a tech hub?
That includes well-known technology destinations like Denver and San Francisco. This abundance of professionals with tech degrees is one reason Salt Lake City’s technology scene is skyrocketing and being rated highly in terms of tech talent. As companies seek out these workers, they are finding them in Salt Lake.
Why is Utah a tech hub?
There are workers in Utah who can work for tech companies. Second, the low cost of living in Utah, when compared to tech hubs like San Francisco, helps tech companies employ talented tech workers without breaking the bank. Third, companies can get tax incentives.
How many tech companies are in Salt Lake City?
27 Tech Companies in Salt Lake City to Know.
What states are tech hubs?
The states with the highest rate of growth in tech industry jobs during the pandemic are: Tennessee (7.6% increase in tech worker jobs) Idaho (7.5%)
The top five cities by percent growth in the number of tech workers were:
- Houston (8.9%)
- Orlando (8.3%)
- New York (8.1%)
- Charlotte (8.0%)
- Los Angeles (7.9%)
How many tech companies are in Utah?
There are 29 businesses in Utah that are classified as tech companies and report having at least 500 employees, according to a new analysis from the Kem C. Gardner Policy Institute at the University of Utah. That’s an increase from 2018, when 25 tech companies reported having at least 500 jobs.
What companies are in Silicon Slopes?
Notable companies with locations in the Silicon Slopes region include:
- 1-800 Contacts.
- Adobe.
- Ancestry.com.
- Authorize.Net.
- Backcountry.
- Cisco.
- doTerra.
- Bluehost.
What is the Silicon Valley of Utah?
The Silicon Slopes refer to the region in the state of Utah that encompasses Salt Lake City. It also includes Provo, Park City, Cache Valley, Midvale and its surrounding areas. A recent study by Seek Capital conducted of all 50 U.S. states found Utah as the best state for startups.
Why are there so many companies in Salt Lake City?
Many companies are moving to Salt Lake City because of the high quality of its workforce, particularly in tech—but also in other industries such as banking, professional services, educational services, health care, and retail.
Which is the Silicon Valley?
Silicon Valley is in northern California, in the southern region of the San Francisco Bay Area. The Silicon Valley name, coined by entrepreneur Ralph Vaerst in the 1970s, originally derived from the region’s large number of silicon chip manufacturers.
Which is the best technology company in the world?
The World’s Largest Tech Companies In 2022
| Rank | Name | Market Value |
|---|---|---|
| 1 | Apple Inc. | $2.6 trillion |
| 2 | Alphabet Inc. | $1.6 trillion |
| 3 | Microsoft Corporation | $2.1 trillion |
| 4 | Samsung Group | $367.3 billion |
Who started Silicon Slopes?
BYU grads Josh James and Ryan Smith are considered the godfathers of Silicon Slopes. Smith, whose Qualtrics is now a $2.5 billion analytics behemoth, is a longtime buddy of James, who sold his first data company, Omniture, for $1.8 billion.
Which city in US Has Highest IT jobs?
Newcomer, New York City took the crown for the highest quantity of IT jobs available (204,883), while Lansing (no. 11) was most affordable and Seattle (no. 9) paid the most – adjusted for cost of living, of course.
What is the fastest growing tech city in America?
In the U.S., the fastest-growing tech hub by job growth is Destin, Florida. The fastest-growing tech hub by salary in the U.S. is Pittsburgh, Pennsylvania.
What city is the next Silicon Valley?
Boise Set Out to Become the Next Austin or Seattle. Instead, It’s On Track to Become the Next Silicon Valley | Inc.com.
Is Salt Lake City a good place for tech jobs?
Salt Lake City— Salt Lake City ranks #18 overall on CBRE’s 2021 Scoring Tech Talent report as North American tech-talent employment weathered the pandemic better than most other professions. Numerous indicators underscore the resilience of tech talent during Covid.
Is Facebook moving to Utah?
In a press release Utah Governor Spencer J. Cox said, “We are thrilled to have Facebook in Utah. We think Eagle Mountain is a pretty special place, and we’re glad Facebook agrees and decided to build a data center here.” Governor Cox is only one of many state and local leaders who have welcomed Facebook to Utah county.
What is the Silicon Slopes summit?
The Silicon Slopes Tech Summit is a globally recognized two-day summit organized and hosted by the Silicon Slopes organization and community. The Summit is one of the largest and most prominent annual tech events in the world, bringing out more than 20,000 attendees.
Why is Utah good for business?
Utah also boasts a business-friendly legal climate and fiscally sound government — it’s one of only 10 states to hold a AAA bond rating from all three rating agencies.” In various measures, Utah consistently outperforms other states.
Why is everyone moving to Salt Lake City?
Realtor.com named the Salt Lake City housing market at the top of the list for 2022. Utah has a healthy local economy with low unemployment rates of a whopping 2.1% in the November 2021 data vs. 5.1% in the top 100 markets overall. Utah has also experienced job growth.
Who is the biggest employer in Salt Lake City?
Top Companies in Salt Lake City
- Zion’s Bancorporation – 10,001+ employees.
- Intermountain Healthcare – 10,001+ employees.
- ServiceNow – 10,001+ employees.
- EPAM Systems – 10,001+ employees.
- SendOutCards – 5,001-10,000 employees.
- Resource Management – 5,001-10,000 employees.
- Overstock – 1,001-5,000 employees.