August 1, 2011

Cover Story

Energy Development in Utah

Gov. Gary R. Herbert sent a strong message to Washington during his State ...Read More

Featured Articles

Around Utah

At Your Service

Sections

Legal Briefs
Climate Change

Ask the Experts
Close to Home

Ask the Experts
Damage Control

Editor's Note
Do the Math

Economic Insight
Friends in High Places

Features
In the Pipeline

Ask the Experts
Layered Security

TechKnowledge
Let’s Make a Deal

Business Trends
Look Before You Leap

Focus
Out of Reach

EntrepreneurEdge
Ramping Up

Industry Outlook
Technology

Executive Living
The Suite Life

Ask the Experts
Web Insights

Money Talk
Window of Opportunity

Features
Work of Art

Ask the Experts
Close to Home

Spotlight
Alex Lawrence

Spotlight
Jenni Smith

Players
Players

Article

Do the Math

Sarah Ryther Francom

August 1, 2011

Utah’s technology industry plays a vital role in the state’s economy. According to the Utah Technology Council, the industry employs more than 76,000 Utahns with an average salary that is 62 percent higher than the statewide average. And despite the slow economy that has hindered growth for many industries, Utah’s tech sector remains vibrant. Today, there are more than 6,000 tech companies that are creating innovative tools and processes, and paving the way for future success.

These impressive figures, coupled with Utah’s proven innovative spirit and its growing funding and startup infrastructure, demonstrate that the state’s tech industry is poised for greatness.

In this issue of Utah Business, we brought together a group of local tech leaders to discuss the trends and challenges their companies are experiencing. The consensus among the group was that the No. 1 issue inhibiting their company’s growth—and, therefore, the growth of the entire tech industry—is the lack of skilled employees. These leaders, all of whom have current employment openings at their companies, agreed that Utah lacks the critical talent mass needed to grow the industry into the so-called Silicon Slopes that many local techies have worked to brand Utah as.

This lack of talent comes at a time when Utah’s unemployment rate has climbed to an unprecedented 7.4 percent. With so many people on the job hunt, and so many tech companies hurting to find the right hire, it becomes evident that there is a disconnect between what employers need and the skills employees offer. But where does the problem stem from? And, more importantly, what is the solution?

During the roundtable discussion, industry leaders brought up a variety of ways in which the state can foster a healthy tech environment. The group agreed that the solution begins with Utah’s youth. Too many children adopt the idea that math is hard or science is nerdy long before they finish elementary school. We need to change this mindset—the fact of the matter is that science can be fun, and math pays the bills.

Utah is a proven breeding ground where technology and high-tech startups bloom, and it’s an environment that deserves celebrating. Though Utah has yet to become the next Silicon Valley, the state’s entrepreneurial spirit and growing tech infrastructure ensures that we’re headed in the right direction. But the industry’s future success depends on effectively educating and investing in our children today.

From the Editor

Sarah Ryther Francom

Utah Business Social
UB Events View All
30 Women to Watch 2014!Utah Business Event
May 22, 2014
Thirty of Utah’s most dynamic women will be recognized at the 15th Annual 30 Women to Watch Awar...
Rocky Mountain Leadership ConferenceUtah Business Event
Jun 19, 2014
Utah Business and Hero Partners are thrilled to announce the Rocky Mountain Leadership Conference...
Community Events View All
Start Smart
Apr 24, 2014
An introductory single session workshop designed to help entrepreneurs get prepared to start a bu...
Utah Investment & Business Expo
Apr 25, 2014
Utah Investment & Business Expo is a premiere Investment & Business Symposium and Expo that featu...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
Date(s):
to
* Event Description:
  Cancel