Utah Strategic Industry Clusters
UTAH STRATEGIC INDUSTRY CLUSTERS
U.C.A. 63N-3-111(1) The strategic industry clusters initiative seeks to drive long-term growth by diversifying the economy. Programs such as the Technology Commercialization Innovation Program (TCIP), Corporate Recruitment, International Trade and Diplomacy, and Procurement and Technical Assistance Centers work as significant levers to help these industries expand. The industry clusters are characterized by workforce infrastructure, capital networks, trade associations, above-average salaries, as well as a significant mass of existing businesses in-state. In conjunction with trade associations, agency partners, educational institutions and other stakeholders, GOED focuses on growing jobs and industry capabilities.
CLUSTER JOBS – 2015 Utah’s 6 strategic industry clusters account for 231,351 jobs as of Q4 2015.
15%
3%
14%
OUTDOOR RECREATION 7,116 AEROSPACE & DEFENSE LIFE SCIENCES 31,390 ENERGY 26,959 & NATURAL RESOURCES 16,143
The following chart shows each cluster’s contribution to those jobs.
29%
SOFTWARE / IT 57,065
7%
FINANCIAL SERVICES 74,895
Aerospace and Defense: The aerospace and defense 32% cluster continues to expand in Utah. Composite manufacturing is a key component of the industry as demonstrated by companies such as Boeing, Harris and Janicki. In the commercial aviation space, Duncan Aviation is expanding its presence in the Provo area. In collaboration with EDCUtah, GOED exhibited at the AUVSI and CAMX trade shows. These major conferences in the unmanned systems and advanced composites industries provide important networking opportunities to advance Utah’s aerospace industry. Year
Establishments
2015 944 2014 917 2013 909
Aerospace and Defense Year-‐Over-‐Year Employment Growth 31,390 2.08% 30,750 1.23% 30,377 0.94%
Governor’s Office of Economic Development • 2016 Annual Report • www.business.utah.gov
Average Annual Wages $ 78,200 $ 77,784 $ 75,290
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