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Utah Ranked Second in the Nation for Economic Momentum

The Federal Funds Information for States (FFIS) recently released their index of economic momentum for the third quarter of 2020, which saw Utah take the second best position in the nation.  A measure of economic vitality, the index includes three indicators to gauge each state’s performance: personal income growth, employment growth, and population growth. Utah […]

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Governor Announces Small Business Grant

During the governor’s weekly press briefing this morning, Governor Herbert announced the launch of a new $2 million “Small Business Quarantined Employee Grant” for small businesses in Utah. The grant was created using federal CARES Act funding as a way to provide an important lifeline to Utah’s many small businesses who may be experiencing payroll […]

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Utah Posts Lowest Economic Inequality for Third Straight Year

Data released by the U.S. Census Bureau’s American Community Survey has shown Utah posted the nation’s lowest wealth gap for the third straight year. Tracking back to 2006, Utah has finished no lower than third. As reported by the Deseret News, this impressive feat is thanks in part to the state’s young population and lack […]

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Utah Students Hold Lowest Student Debt in the Nation

As the nation continues to see student loan debt climb, Utah has emerged as the leading state for reducing this burden. According to research by LendEDU, Utah’s students graduated on average with a debt burden of just $16,333—the lowest in the nation. This impressive feat was nearly $4,000 lower than second-place New Mexico and almost […]

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Utah Ranked Best Economy in U.S.

24/7 Wall Street recently ranked Utah as having the best economy in the nation. The financial analysis publication ranked all 50 states’ economies based on several important metrics, including 5 year annualized GDP and unemployment growth rate. Utah placed first in the 2020 rankings, after taking third the previous year.  The state was propelled to […]

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Protecting Lives and Livelihoods During COVID-19

The oft-repeated mantra of Utah state government during this pandemic revolves around “protecting lives and livelihoods.” Utahns will have undoubtedly heard some iteration of this phrase spoken in press conferences, included in data releases, and posted across social media. But what does it actually mean?  As the state works to limit the spread of coronavirus, […]

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Gov. Herbert Announces a Utah Statewide Effort to Train and Certify 5,000 Students for Cloud Careers by June 2022 with Amazon Web Services

SALT LAKE CITY (Aug 6, 2020) – Today, the Talent Ready Utah Center, housed in the Governor’s Office of Economic Development, and Amazon Web Services (AWS) announced a new initiative to provide AWS cloud computing courses and learning resources to 5,000 students in Utah by June 2022.  In this effort, Utah will work with the AWS […]

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Utah Retains First-Place in Economic Outlook for 13th Straight Year

Each year, the American Legislative Exchange Council publishes its “Rich States, Poor States” manual, examining every state’s economic outlook and performance. The manual reviews the policy choices made by each of the 50 states and determines if those choices have improved or hampered economic competitiveness and prosperity. In the 2020 report, Utah has claimed the […]

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Utah Posts Promising Unemployment Numbers in June

While the nation continues to navigate the economic challenges presented by the coronavirus pandemic, Utah has firmly established itself as one of the best states in America for economic recovery. The latest June data from our Department of Workforce Services and the Bureau of Labor Statistics indicate Utah is second in the nation for lowest […]

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Utah’s Paycheck Protection Program Successes

Utah has emerged as the number one state in the nation for small businesses receiving Paycheck Protection Program (PPP) loans from the Small Business Administration (SBA). When measured as a percentage of eligible payroll, 94% of eligible payroll in the state has been covered, putting Utah ahead of all other states. In other words, the […]

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