The Story

The state establishes a research and university presence at the Point of the Mountain that (1) helps provide a high-quality workforce that meets the needs of targeted industries by training and attracting talent, (2) catalyzes business growth through research and technology transfer, and (3) creates a nationally-recognized draw that brands the area and the state as a place to be.

Utah improves its “innovation economy” workforce by collaborating and scaling up efforts to significantly increase the number of graduates in STEM and in-demand fields. Concerted efforts increase the number of women and minority graduates, increasing the diversity and depth of talent present in Utah’s workforce. Key steps also improve the area’s image as a place that welcomes people from a variety of backgrounds. This makes the state more attractive for employers to locate or expand here, and it spurs additional local entrepreneurship.

Several large “anchor tenant” or marquee companies locate at the Point of the Mountain and act as growth catalysts by attracting employees and employers. Some employers are attracted to the area because of steps taken to significantly expand public transportation, build vibrant urban spaces, and substantially improve environmental sustainability and air quality.

Results

• 1.1 million new jobs on the Wasatch Front, of which about 26% locate at the Point of the Mountain (286,000)
• $94,000 average household income
• $4.5 billion in tax revenue to local cities under current tax rates