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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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Utah

Retired Utah public employees who volunteer in emergencies may see changes to their pay. Here’s why.

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Retired Utah public employees who volunteer in emergencies may see changes to their pay. Here’s why.


Utah lawmakers will consider changes to how recently-retired public employees are paid if they later choose to work or volunteer as emergency responders during the upcoming legislative session.

The change is largely administrative, Kory Cox, director of legislative and government affairs for the Utah Retirement System, told lawmakers on Tuesday. The proposed bill would change the compensation limit for first responders like volunteer firefighters, search and rescue personnel and reserve law enforcement, from $500 per month to roughly $20,000 per year.

Some public employees already serve as first responders in addition to their day jobs, Cox and other advocates told the Retirement and Independent Entities Interim Committee at a hearing Tuesday. The current statute has forced those employees to put their service on hold after they retire in order to keep their retirement benefits.

Volunteer firefighters do get paid, despite what their title suggests. Volunteer organizations pay their emergency responders every six months, said Cedar City Fire Chief Mike Phillips, so their paychecks almost always amount to more than $500. Switching from a monthly compensation limit to an annual compensation limit means new retirees can keep up their service, or take up new service, without jeopardizing their retirement benefits.

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“As volunteer agencies, a lot of our employees are government employees,” said Cedar City Fire Chief Mike Phillips. “They work for county and state governments because they allow them to leave their employment to come help us fight fires.”

Clint Smith, Draper City fire chief and president of the Utah State Fire Chiefs Association, told lawmakers Tuesday that volunteerism, “especially in rural volunteer fire agencies,” but also across Utah and the United States, is “decreasing dramatically.”

The National Fire Protection Agency (NFPA) reported 676,900 volunteer firefighters in the United States, down from 897,750 when the agency started keeping track in 1984. A U.S. Fire Administrations guide book about retention and recruitment for volunteer firefighters published last year wrote that the decline “took place while the United States population grew from nearly 236 million to over 331 million in the same time frame, indicating that volunteerism in the fire and emergency services has not kept pace with population growth.”

The consequences, the guide says, are “dire.”

Roughly 64% of Utah’s fire agencies are volunteer-only, according to the U.S. Fire Administration.

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“Anything we can do to help make sure that [volunteers] are not penalized when they separate from their full regular [employment] with the state, to be able to still act in that volunteer capacity is vital to the security and safety of our communities,” Smith said Tuesday.

It was an easy sell for lawmakers. The committee voted unanimously to adopt the bill as a committee bill in the 2025 legislative session with a favorable recommendation.

Shannon Sollitt is a Report for America corps member covering business accountability and sustainability for The Salt Lake Tribune. Your donation to match our RFA grant helps keep her writing stories like this one; please consider making a tax-deductible gift of any amount today by clicking here.



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Utah State basketball just beat Iowa on a neutral floor to remain undefeated

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Utah State basketball just beat Iowa on a neutral floor to remain undefeated


The Utah State Aggies just grabbed a statement win.

Through four games under new head coach Jerrod Calhoun, the Utah State Aggies had looked impressive, averaging exactly 104 points per game and a margin of victory of exactly 40 points in four wins.

The thing was, the Aggies didn’t play any team that is expected to be near their level, as Alcorn State, Westminster and Montana all play in lesser conferences than the Mountain West and Charlotte was picked to finish eighth in the 13-team AAC, which is considered about on par with the MW.

Finally on Friday night, Utah State faced a team in the Iowa Hawkeyes of the Big Ten that not only was more its equal, but was thought to be better, and accordingly was considered a comfortable favorite.

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With the contest being played on a neutral floor in Kansas City, Utah State kept things close for the first 28 minutes or so and then used a surge to take the lead partway through the second half and held on down the stretch to claim the 77-69 victory and move to 5-0 on the season.

With the loss, an Iowa team that is considered to be a potential NCAA Tournament squad moved to 5-1 on the campaign.

The Aggies got off to a nice start and led for most of the first 10 minutes of the game. Things were pretty even throughout most of the rest of the first half, though Iowa put together a little run and led by four at halftime.

At the 12:52 mark of the second half the Hawkeyes went up by four on a dunk from leading scorer Payton Sandfort, but the Aggies responded with a 9-0 run over the next 3:42 to go up by five, 58-53.

Things stayed close for the next few minutes but Iowa never got closer than a point and Utah State created some distance, largely behind Mason Falslev and Karson Templin.

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A dunk from Central Arkansas transfer Tucker Anderson with 54 seconds to play quelled any remaining chance the Hawkeyes had at a comeback after they had cut the deficit from seven to four on a 3 by Brock Harding.

Falslev led all scorers with 25 points and finished with a double-double, as he added 12 rebounds to go along with three assists, two steals and a block.

Ian Martinez added 13 points and Anderson finished with 10. That pair stuffed the stat sheet, combining for 11 rebounds, eight steals, seven assists, and two blocks.

Team-wise, things were rather even statistically except for rebounds and fast break points. The Aggies outrebounded the Hawkeyes 47-31 and scored 21 fast break points compared to just four for Iowa.

Next up for Utah State is a Thanksgiving Day game against St. Bonaventure at Disney World.

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Avian flu affecting Utah turkey facilities, UDAF confirms

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Avian flu affecting Utah turkey facilities, UDAF confirms


TAYLORSVILLE — Four new cases of avian flu outbreaks have been reported in Utah, affecting three Piute County turkey facilities, the Utah Department of Agriculture and Food said in a press release.

“Between November 10 to 19, 2024, three turkey farms in Piute County totaling 107,800 turkeys and one backyard flock of 253 birds in Salt Lake County were confirmed positive for HPAI,” the department said. “Though the overall risk to public health remains low, HPAI is a serious disease, requiring rapid response, including depopulation of affected flocks as it is highly contagious and fatal to poultry.”

There are currently five poultry farms in Utah under quarantine, according to the department.

In the backyard flock because it’s so deadly, all but 33 birds died. All the turkeys are being depopulated because it’s highly contagious,” said Caroline Hargraves with the Utah Department of Agriculture and Food.

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Officials said affected birds were depopulated within 24 hours of the reported outbreaks, and that impacts on food supply are expected to be limited.

“State and federal personnel are on-site to ensure all requirements for disinfection and proper disposal are followed,” the department said.

Officials said that poultry owners should “practice strong biosecurity and monitor flocks for signs of illness.”

The Utah Department of Agriculture and Food asked poultry owners to report sick birds to the State Veterinarian’s Office at statevet@utah.gov. They also said that people interacting with sick birds should take special precautions including using personal protective equipment.

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