Governor Herbert Addresses Economy at Tri-City Chamber Meeting

Utah’s governor believes Lehi is the epicenter of economic growth in the state, and with that comes both successes and challenges.

“From an economic perspective, Lehi really is the center of the state,” Gov. Gary Herbert said in his address at the Tri-City Luncheon Tuesday. “What does success look like? Look at Utah County, look at northern Utah County, and what is taking place.”

Booming development in Lehi, American Fork and Pleasant Grove is leading the economic success of the state, he said. As a whole, the state is also doing well, Herbert explained to the combined assembly of the American Fork Chamber of Commerce, the Lehi Area Chamber of Commerce and the Pleasant Grove-Lindon Chamber of Commerce. He believes the state’s economic success is due to the “fertile soil” laid by the state government and the viable seeds planted, nourished and cultivated by private enterprise. He said this team spirit of collaboration and cooperation is an example to other states.

“I think it’s better to have our economy propped up by the private sector with wealth distribution,” and not by taxpayer money as is common in other states, he said.

Utah has been experiencing a 5.6 percent growth rate — one of the highest in the nation, the Governor said — with 45 consecutive months of growth over 4 percent. This is something other states “only hope for,” Herbert said, but it is also something that keeps him up at night.

The main challenges of sustainable growth lies in education and the labor force, and transportation, he said. He called keeping up with transportation, especially around Lehi’s tech corridor, the top issue.

Read the full article here.

 

 

Link to original article 
Publication 
The Daily Herald Thu, 08/09/2018 - 11:28