News

As Job Growth Soars, Utah Consistently Ranks in Top 5 States for Business

Several agencies have ranked Utah in the top five states to do business in 2018, a ranking that is well-demonstrated by the state’s exceptionally high job growth.

U.S. Hiring Cools Slightly in July, Unemployment Rate Falls

Nonfarm payrolls rose seasonally adjusted 157,000, unemployment rate 3.9%

Salt Lake City Lands a Top-25 Spot on CBRE's Annual "Scoring Tech Talent" Report

Salt Lake City ranked #22 on CBRE’s sixth-annual “Scoring Tech Talent” report, a comprehensive analysis which ranks 50 U.S. and Canadian markets according to their ability to attract and grow tech talent. 

Fox File #68 "Facebook's Renewable Power Projects"

The Fox Files is a weekly message from EDCUtah President & CEO Theresa Foxley.

Bay Area’s High Costs Drive Away Some Tech Firms

While the Bay Area still boasts the largest inflows of venture capital in the U.S. by a wide margin, some fledgling companies are steering away to hold down costs. Other, more established Bay Area startups are finding they can hire experienced engineers, not just customer-service or sales representatives, more quickly in less expensive markets like Denver, Salt Lake City and Atlanta. 

Office of Outdoor Recreation Awards $4 Million for Local Recreation Projects

The Utah Office of Outdoor Recreation (OOR) has awarded more than $4 million in grant funding for more than 58 projects through its competitive grant program. The funds will create an estimated impact of $32.7 million statewide including grants, matching funds and private investment.

This Utah Startup Raised Two Funding Rounds And Tripled Its Valuation In Less Than 3 Months

Divvy, a maker of expenses-tracking software, had announced its Series A round in May, raising $10.5 million from a local venture capital firm, Pelion Ventures. But before Murray could even spend that money, his startup got an offer it couldn’t refuse. Divvy decided to raise again, this time a $35 million Series B led by Insight Venture Partners.

Utah Again Leads Nation in Job Growth

Utah enjoyed the nation’s fastest job growth over the past 12 months, with construction leading the way, according to federal data released Friday. The number of jobs in the state jumped by 3.3 percent from June 2017 to June 2018, the U.S. Bureau of Labor Statistics reported.

Feds Give $2.5M Loan to Provo for Airport Upgrades to Attract Jet Maintenance Company and up to 800 New Jobs

The federal government gave a $2.5 million boost Wednesday to help build new facilities at the Provo airport needed to expand an aircraft refurbishment company — and create 400 new high-paying jobs now, and up to 800 eventually.

GOED Approves Economic Opportunity Grant for FORGE

The Governor’s Office of Economic Development (GOED) has approved an Industrial Assistance Fund, post-performance Economic Opportunity Grant for the amount of $365,000 for the Frontier Observatory for Research in the Observatory for Research in Geothermal Energy (FORGE). The project will create 23 new jobs with an average full-time wage of $94,000 per year and a capital investment of more than $100 million.