The glittering, saline-laden lake in northwest Utah may be dead in ecological terms, but its namesake city remains vibrantly alive.
Salt Lake City’s more than 173,000 people powered the state’s feverish growth during the so-called “roaring ’90s.” Indeed, the years from 1993 to 1998 saw unprecedented rates of job creation, low unemployment and net migration into the state. Although subsequent growth slowed somewhat, Salt Lake City and its environs offer excellent job opportunities in diverse industries, notably high-tech and business services.
Consider these salient statistics:
In Salt Lake City, as elsewhere, the high-tech explosion kindles employment growth. In addition to a bevy of smaller software and e-commerce firms, more than 41,000 workers in the city and around the state find jobs with such employers as:
At an average salary of $43,500, these employees earned considerably more than the Salt Lake region’s average per capita income of $24,300.
Statewide, IT jobs increased 35 percent between 1993 and 1998, according to the American Electronics Association. Salt Lake County added 1,400 computer-related service jobs in 1999, 21 percent of total service sector growth. The demand for computer science and engineering graduates currently outpaces supply, a gap that Utah’s universities are just beginning to address.
High-tech ferment requires venture capital. Yet high-tech firms across Utah attracted only $93 million in funding in 1999, far less than the billions invested in Silicon Valley and the Northeast United States.
While the Hollywood set may not soon flock to Salt Lake City, plenty of other workers are being lured by the area’s strong job prospects and considerable natural beauty. And as Salt Lake City takes center stage during the 2002 Winter Olympics, the city that sprang from a dead lake promises to flourish even more.
Statistics and trend information referenced in the above article were extracted from the following key sources: