Utah Wins a 2018 Silver Shovel Award

Area Development Magazine recently announce the recipients of its Annual Gold and Silver Shovel Awards. Utah won a Silver Shovel in the 3 to 5 million population category. These awards are designed to recognize states and their achievements of attracting high-value investment and significant job generation projects to their communities. Area Development evaluated each state’s top 10 job generating and investment projects initiated in 2017 to determine the 2018 recipients in each of the five population categories: over 12 million, 8 to 12 million, 5 to 8 million, 3 to 5 million, and under 3 million.

 

Utah — 3 to 5 Million CategoryUtah last year celebrated the growth and commitment of a homegrown technology player. Pluralsight, an online education provider, will relocate and expand its headquarters south of Salt Lake City. The state further solidified its “Silicon Slopes” technology credentials with several other noteworthy projects, such as Adobe’s 1,200+-job expansion in Lehi, a Collective Medical Technologies expansion in Salt Lake City, and expansion plans by the fast-growing customer-interaction software provider Podium in Lehi.

2017 Top Projects: Utah
Population: 3.10 Million

 

 

Company

City

N/E

Job Creation

Investment

Industry

1.

Pluralsight

South Jordan

N

2,464

$371.8 million

Information Technology

2.

Adobe

Lehi

E

1,260

$90 million

Information Technology

3.

Collective Medical Technologies

Salt Lake City

E

587

$10 million

Information Technology

4.

Stryker Corp.

Salt Lake City

E

540

$100 million

Biotechnology

5.

Earnest

Salt Lake County

N

500

$5.6 million

Financial Services

6.

Varo Money, Inc.

Salt Lake City

N

331

$2.8 million

Financial Services

7.

Amazon

Salt Lake County

N

130

$200 million

E-Commerce Fulfillment

8.

Biomerics

Salt Lake City

N

380

$38.5 million

Biotechnology

9.

Podium

Lehi

E

426

$10 million

Information Technology

10.

eShares, Inc.

Salt Lake Ctiy

N

464

$5.7 million

Financial Services

The Silver Shovel-winning state’s financial services sector is growing nicely, too, with last year’s headlines including projects from high-tech California-based loan provider Earnest Inc. and mobile banking startup Varo Money Inc. More Salt Lake City jobs were announced in biotechnology, too, including at neurovascular tech provider Stryker and cardiovascular medical device maker Biomerics.

To see the other Silver Shovel Winners in the 3 to 5 million category CLICK HERE

By: Geraldine Gambale & Steve Stackhouse-Kaelble

 

 

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Area Development Fri, 06/08/2018 - 16:09