The Story

Various efforts to improve the number of graduates of STEM and in-demand fields continue. Graduates in STEM and other in-demand fields increase, but the size and diversity of Utah’s skilled labor pool limits the state’s economic growth and appeal as an international job core.

Some large “anchor tenant” or marquee companies locate at the Point of the Mountain and act as economic catalysts by attracting employees and employers.

Some major companies may choose not to move to or expand in the Point of the Mountain area because the area’s development patterns don’t match up with their desires for public transportation, environmental sustainability, and vibrant urban communities. Some companies may also decide not to invest in the area because of a perception and reality of lack of diversity in the workforce, with fewer women and minorities working in key positions and fields than in other metropolitan areas.

Results

• 950,000 new jobs on the Wasatch Front, of which about 23% locate at the Point of the Mountain (218,500)
• $84,000 average household income
• $12.0 billion in state revenue from sales and personal income tax
• $3 billion in tax revenue to local cities under current tax rates