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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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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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Gov. Herbert presents budget recommendations for FY2021

Governor Gary Herbert presented his budget recommendations for FY2021 today at This is the Place Heritage Park.  The governor’s budget recommendations for the coming fiscal year emphasize strategic investments that plan for growth and aim to ensure a high quality of life for all Utahns.  Highlights in this year’s $20 billion budget include:  $4.9 billion […]

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Governor Herbert’s 2020 Budget Plan

It is no secret Utah is succeeding economically. Our economy is thriving, our population is expanding, and our state revenue has reached a record high. With all this prosperity, we need to plan strategically to combat the challenges of our own success. The $19 billion budget for Fiscal Year 2020 that I have proposed addresses […]

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Gov. Herbert taps Val Hale to lead state’s economic development

Gov. Gary R. Herbert has named Val Hale as director of the Governor’s Office of Economic Development. Hale will assume his new role on Mon., Aug. 4, 2014. “Val is a man of extraordinary experience, talent and drive, with a unique background in economic development, marketing, public relations, international affairs, government and community relations,” said […]

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