Financial Services

Financial Stability, Experienced Workforce, Good Company

  • Utah is proud to be home to companies like Goldman Sachs, Zions Bank, Morgan Stanley, Wells Fargo, Fidelity Investments, and many others. Utah is one of the top states in the nation for Financial Services employment with an employee base of more than 84,000 people.
     
  • Utah's Financial Industry has experienced employment growth at over 20% over the last five years. It is growing at twice the rate of the industry in the San Francisco and New York areas. The Governor’s Office of Economic Development has identified Financial Services as a targeted industry cluster for support and development in Utah, and a key area for economic investment.
     
  • In 2017, the Tax Foundation ranked Utah’s Total Tax Climate as the 9th best in the nation. Since 2011, Utah has eliminated or modified nearly 400 business regulations to ease the burdens placed on businesses.
     
  • Utah is home to the highest number of industrial banks in the nation with 15 chartered industrial banks, eight of which are in the top ten industrial banks in the country by asset size.
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Major Employers