USTAR annual report showcases strong economic impact

The Utah Science Technology and Research Initiative (USTAR) recently released its 2018 Annual Report highlighting programs, events, and economic impact for the fiscal year 2018.

“The past year demonstrated USTAR’s critical role in fostering technology-based economic development opportunities throughout Utah,” said Susan D. Opp, chair of the USTAR Governing Authority. USTAR’s success and effectiveness is due to both the caliber of its staff and unparalleled engagement by its Governing Authority members. I am proud of their commitment and focus to building Utah’s innovation infrastructure and the accomplishments of USTAR over the past year.”

The report includes calendar year 2017 private sector impact data of USTAR-supported clients. Key outcomes for the year include:

  • $62.7 million in secured follow-on investment
  • $22.1 million in commercialized product sales
  • 130 full-time, and 76 part-time jobs created (206 total), with 148 of these paying above county average salaries

View the article—and find a link to the full report—here.

 

 

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Utah Policy Mon, 11/05/2018 - 21:43