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Utah still an economic powerhouse but some of the glimmer is fading

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Utah still an economic powerhouse but some of the glimmer is fading


Utah government and business leaders united at a Friday gathering to celebrate the state’s high-flying economy, including a plaudit earlier this week from The Wall Street Journal that named the Salt Lake metropolitan area the country’s top spot for jobs, but also cautioned that rising challenges must be addressed to keep the mojo rising.

At the One Utah Summit held in downtown Salt Lake City, the event formerly branded as the Governor’s Economic Summit, Natalie Gochnour, associate dean for the University of Utah’s David Eccles School of Business and director of the Kem C. Gardner Policy Institute, gave her annual rundown of the state’s economic highs and lows for the past year and some things to keep an eye on in the days ahead.

A bumpy road ahead?

Gochnour noted that while Utah’s economic growth has been following a yearslong trend outpacing the national average, the last few months have seen those tracking lines converge and Utah has been knocked from its perch as the nation’s growth leader, now finding itself trailing six other states on that metric. And two of the job sectors that once represented bragging points for Utah, high tech and financial services, have seen negative momentum in recent reports.

Gochnour said Utah’s population growth, and a change in dynamics when it comes to how that growth is fueled, has put extra strain across a number of critical areas including congestion, air quality and, perhaps most significantly, housing prices. Utah, she said, has come out on the positive side of net migration in 32 of the past 33 years, adding 650,000 new residents. And the housing needs of those newcomers have helped tip the market into a supply deficit, and resultant price surges.

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Gov. Spencer Cox shared his own concerns about the current state of the housing industry in Utah.

“The single greatest threat to our people is the untenable price of attainable housing,” he said. “If you can’t afford to live here, you’re not going to start a business here.”

The state of startups

There are also plenty of positives, including the state’s nation-leading job participation rate, healthy wage growth and an economic expansion that, while it may have cooled off, is still running well into positive territory.

The state is also tops in the nation when it comes to best places to start a business, according to Utah’s entrepreneur-in-residence Brad Bonham.

Bonham, a veteran entrepreneur and business educator, said those who launch their business enterprises in Utah are 70% more likely to build those endeavors to the vaunted “unicorn” status, a term coined by the tech industry for companies that reach the $1 billion valuation level. He also touted the debut of the Startup State Initiative and associated website that provides a step-by-step guide, along with a slew of resources, for those looking to start a business in Utah.

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Salt Lake Chamber president and CEO Derek Miller said the same formula that helped Utah achieve its current high performance economy will help it navigate the growing pains that have accompanied success: planning, foresight and ingenuity in the private sector.

“Private sector innovation along with public sector support, that will unleash the power of free enterprise,” he said.

Business ‘Jeopardy’

Virginia Pearce, director of the Utah Film Commission, touched on the state’s historic, and ongoing, success as a destination venue for filmmakers looking for unique landscapes and local talent while representatives of some of Utah’s emerging industries gathered for a round of custom-themed “Jeopardy.”

Some answers, and subsequent correct questions, from the ad-lib competition:

Answer: “This university had the first ARPANET node outside of California.”

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Question: “What is the University of Utah?”

Answer: “These three states have the highest density of life sciences employees.”

Question: “What are Massachusetts, New Jersey and Utah?”

Answer: “At $780 million, this was the largest exit for a life science company in Utah.”

Question: “What is Tolero Pharmaceuticals?”

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Answer: “This person became known as the ‘father of computer graphics’ while at the University of Utah.”

Question: “Who is Evan Sutherland?”

Answer: “Over the next decade, more of Utah’s economy will be shaped by these four industry segments at an accelerated pace.”

Question: “What are aerospace, defense, cybersecurity and space exploration?”



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Lawsuit claims Utah teen killed by counterfeit airbag

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Lawsuit claims Utah teen killed by counterfeit airbag


A wrongful death lawsuit filed in Utah alleges a counterfeit airbag turned a routine crash into a fatal explosion that killed a teenage driver within minutes.

Alexia De La Rosa graduated from Hunter High School in May of 2025. On July 30, 2025, she was involved in a crash.

The lawsuit alleges that when the vehicle’s driver-side airbag deployed, it detonated and sent metal and plastic shrapnel into the cabin.

MORE | Crashes

A large, jagged piece of metal struck Alexia in the chest, and she died minutes later, according to the complaint.

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The lawsuit, filed by Morgan & Morgan in Utah’s Third Judicial District Court, was brought on behalf of Tessie De La Rosa, as personal representative of the estate of her 17-year-old daughter.

The defendants are AutoSavvy Holdings Inc., AutoSavvy Dealerships LLC, and AutoSavvy Management Company LLC.

Morgan & Morgan alleges that the Hyundai Sonata had previously been declared a total loss after a 2023 crash and issued a salvage title. The suit claims AutoSavvy later purchased the vehicle and had it repaired — during which counterfeit, non-compliant, and defective airbag components were allegedly installed — before reselling it to the De La Rosa family.

The complaint further alleges that AutoSavvy knew or should have known the vehicle contained counterfeit and nonfunctional airbag components when it was sold.

“This is the third wrongful death lawsuit we have filed involving alleged counterfeit airbags that we believe turned survivable crashes into fatal incidents,” Morgan & Morgan founder John Morgan said in a statement. “No life should be cut short because a corporation puts profits above safety.”

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Attorney Andrew Parker Felix, who is leading the case, said the firm is committed to uncovering how allegedly illegal airbag inflators enter the stream of commerce and are installed in vehicles sold to consumers.

“To make this perfectly clear, these are not supposed to be in the United States at all,” Felix said. “They are not approved for use in any vehicle that’s being driven in the United States.”

“They don’t have approval from any governmental agency to be installed in vehicles that are driven within the United States and regulated here,” he added.

Morgan & Morgan says it is investigating at least three additional deaths involving other defendants and alleged counterfeit airbags.

KUTV 2News reached out to AutoSavvy multiple times by email and phone. We were told a member of the company’s legal team would be in touch, but as of publication we have not received a response.

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Why U. President Taylor Randall, Utah Gov. Spencer Cox plan to meet with Donald Trump this week

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Why U. President Taylor Randall, Utah Gov. Spencer Cox plan to meet with Donald Trump this week


Randall will be among several key visitors in attendance for a meeting on March 6

(Trent Nelson | The Salt Lake Tribune) University of Utah President Taylor Randall speaks on campus during an event on Feb. 7.

University of Utah President Taylor Randall is scheduled to meet with President Donald Trump this week.

Randall is expected to be among several attendees at a White House roundtable meeting on Friday to discuss solutions for the rapidly evolving landscape of college athletics with the president, a U. spokesperson said.

The meeting could be postponed, however, due to the war in Iran. As of Monday, “the odds of it happening this week are 50-50 at best,” according to Yahoo Sports.

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If the roundtable happens as scheduled, the guest list includes several current and former notable figures in sports, including NBA Commissioner Adam Silver, golf legend Tiger Woods and former Alabama head coach Nick Saban.

Utah Gov. Spencer Cox confirmed in a social media post on X that he would be in attendance as well.

“Thank you [President Donald Trump] for inviting me to participate, and for your commitment to addressing challenges in college sports,” Cox said on X. “[Taylor Randall] is a great university leader who will work with us on solutions for this critical issue.”

(Trent Nelson | The Salt Lake Tribune) University of Utah President Taylor Randall speaks on campus on Feb. 7.

Earlier this year, Randall was called on by the federal House Committee on Education and Workforce to schedule a briefing to discuss the school’s planned private-equity partnership with Otro Capital, according to a report from Sportico.

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The Utes announced their proposal in December of last year, which is a first-of-its-kind agreement between a university’s athletic department and a private equity company.

Utah’s deal with Otro has yet to be finalized. In a Feb. 10 interview with The Salt Lake Tribune, Randall said the university is “still just working through all of the issues systematically.”

“We want to do this in the right way to set both of us up for future success,” he added.

The move is expected to infuse hundreds of millions of dollars into the U.’s athletic department to help sustain the financial future of the program with rising deficits across the industry.

“I don’t think any of us would prefer to be in this situation right now,” Randall said in a faculty senate meeting in January. “But it just is what we’re facing.”

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Utah snowpack numbers looking dismal with not much time to catch up

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Utah snowpack numbers looking dismal with not much time to catch up


The 2025-2026 winter season isn’t quite over, but it’s no secret that it’s been a rough one when it comes to snow. Right now, statewide snowpack numbers are hovering around 60% of the median.

But you don’t have to know those numbers to understand what a strange winter it’s been.

“It’s kind of good,” said Carrie Stewart, who lives in Salt Lake City. “I mean, I like it because I like a milder climate. But I realize this summer is going to be hard.”

MORE | Snowpack

“I’m not sad I’m not shoveling,” said Sally Humphreys of Salt Lake City. “But it’s definitely worrying.”

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State water officials are also worried. The clock is ticking to bulk up those snowpack numbers.

“We’re running out of time to get the snowpack that we need,” said Jordan Clayton, supervisor of the Utah Snow Survey. “We have about 40 or so days until our typical snowpack peak.”

There is still some time to make up lost ground, but the odds aren’t great. Clayton estimates a 10% chance of reaching normal by the end of the season.

“Those are terrible odds,” he said.

In fact, the odds of having a record low snowpack are greater, sitting at 20%. It’s a grim reality that has officials looking toward the summer anxiously.

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“I would expect to see watering restrictions outdoors for a lot of places,” said Laura Haskell, Utah’s drought coordinator.

It’s unknown what the next few weeks will bring, but if Haskell had to guess, she doesn’t see state reservoirs filling up much from where they are now.

“In the spring when that runoff hits, we do get a noticeable peak in our reservoir storage,” Haskell said. “The water just starts coming in. But this year, we don’t anticipate getting that.”

Haskell says we have enough reservoir storage to likely make it through the summer, but there are other implications to worry about.

Our autumn season was pretty wet. That led to decent soil moisture levels, which can then lead to higher vegetation growth.

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“If we then have a snowpack that melts out really early, we’ll have a longer than normal summer, if you will, with forage growth that might dry out, and so that’s kind of a bad recipe for promoting fire hazard,” Clayton said.

Utahns have dealt with low snowpack levels in the past. Many Utahns are familiar with their lawn turning brown because of water restrictions.

“We’ll probably just let it go that nice, sandy, golden color that it gets in the summer in a dry climate,” said Dea Ann Kate, who lives in Cottonwood Heights.

As we wait to see what the next few weeks bring, people like Carrie Stewart are just reflecting on an unusual winter.

“It is worrying,” she said. “We need snow. We’ve only shoveled once this season, and that’s very unusual.”

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Water officials are now hoping for something else unusual: climbing out of the snowpack hole that’s been created.

“But there are no times going back where the snowpack totals for the state were close to where they are right now, and we ended up actually at a normal peak,” Clayton said. “So while it’s possible, it’s very unlikely.”

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