Strategic Industry Advancement Policy Pillar 1
Invest in industries that create a public benefit through human and physical capital improvements in urban and rural Utah. Through the following initiatives, Utah seeks to leverage public and private investment to help re-energize local economies and provide enhanced benefits to the community. Primary Goal: Create more high-paying jobs across the state for all Utahns. Much of the state’s higher wage economic growth occurs in a few key industries. These industries serve as the state’s economic engines. During the past decade, GOED has focused economic development resources on monitoring and promoting six industry clusters: 1) aerospace and defense, 2) energy, 3) financial services, 4) life sciences, 5) outdoor products and recreation, 6) software and information technology. Overall, these industries show continued growth since 2010, except in certain energy segments. These industries represent the foundation for Utah’s emergence as a global hub for business. Figure 7: Utah Employment Trends Demonstrate Steady Growth in Its Targeted Clusters
Utah GOED | 60 East South Temple, Suite 300 | Salt Lake City, Utah 84111 | (801) 538-8680 | business.utah.gov
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