Financial Services

Financial Stability, Experienced Workforce, Good Company

  • Utah is proud to be home to companies like Goldman Sachs, Zions Bank, Discover Products, Wells Fargo, JP Morgan Chase, Fidelity, and many others. Utah is one of the top states in the nation for Financial Services employment with an employee base of over 75,000 people.
     
  • Utah employs more than 75,000 people in the Financial Industry and has experienced employment growth at over 23% over the last 5 years. 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