edcUTAH’s report spells out benefits of Utah for manufacturing businesses
Monday, February 29, 2016
The state of Utah has a lot to recommend it for advanced manufacturers according to a 2014 report by the Economic Development Corporation of Utah (edcUTAH). The state has a low cost of living, a young, highly educated workforce, low costs for doing business, and it serves as a centralized transportation hub for western cities.
Here are a few facts from the report to put things in perspective. The cost of living index in Salt Lake City is 94.8% as compared to 104.6% in Las Vegas and 106.6% in Denver. “Utah is the youngest state in the nation with a median age of 29.2.” Electricity and natural gas costs in the state are among the 10 lowest in the nation. Interstate 15 and Interstate 80 intersect in Salt Lake City. This highway system connects all the western states. Further, “Salt Lake City is the first location where the three major rail lines leaving the Seattle, San Francisco and Los Angeles ports meet.”
Advanced manufacturers ranging from iron manufacturing to nano tech will find a comfortable home in Utah.
For more statistics on manufacturing in Utah, see edcUTAH’s full Utah Manufacturing Industry Profile here: http://www.edcutah.org/documents/ManufacturingProfileFinal.pdf.