Targeted Economic Clusters
OVERVIEW Utah’s economic clusters include aerospace and defense, energy, financial services, life sciences, outdoor products and software development/information technology. These vibrant sectors leverage on Utah’s core compelling competencies in a broad range of industries, innovation and workforce. In 2010, 169,772 Utahns were employed by businesses related to cluster industries, however, in 2011, 173,136 Utahns were employed in these same industries, representing a growth of over 3,300 jobs. We have seen great companies expand their operations in Utah or open new operations here. These companies have found Utah a great place to do business, favorable for their continued growth.
ECONOMIC CLUSTERS Focused development on emerging Utah industry strengths. 1. Aerospace and Defense 2. Energy 3. Financial Services 4. Life Sciences 5. Outdoor Products & Recreation 6. Software Development & Information Technology
Aerospace & Defense The Aerospace and Defense Clusters continued growing through 2011, adding almost 800 employees. The sector represents almost 4.5% of all state wages, with average wages about 90% higher than the Utah average wage. The Aerospace and Defense Utah Cluster Acceleration Partnership (UCAP) process continued. One of the key accomplishments was the establishing of a cooperative program between L-3 Com and Salt Lake Community College to train electronic technicians and assemblers at the college’s new Westpointe Campus. The Army’s Rapid Integration and Acceptance Center for Unmanned Aerial Systems at U.S. Army Dugway Proving Ground (DPG) continues to reinforce Utah’s position as an unmanned systems Center of Excellence. The Center has attracted a number of companies that support the Army’s unmanned programs and constructed new facilities. Governor’s Office of Economic Development • 2012 Annual Report • www.business.utah.gov
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