Are you thinking of moving out of state to start anew or to seek better jobs? You may want to take a look at Utah.
There’s a reason why Utah is called the Beehive State: people there know how to work hard. The business industry also doesn’t stop buzzing about new opportunities:
1. You don’t have to worry too much about finding a job.
Utah is one of the few states that experienced a soaring job growth in 2016. Until December 2016, the state added more than 35,000 new jobs, which increased the employment growth rate to almost 3 percent. It is nearly twice as that of the national average.
2. Utah’s economy is doing well too.
Based on the data provided by the Small Business Administration (SBA), Utah’s economy grew at a rate of 2.9 percent, which was faster than the national average at 1.9 percent.
3. Business ownership is diverse.
The same SBA data revealed a more than 50 percent increase in ownership diversity in the state. From 2007 to 2012, the highest changes in business ownership based on demographics belonged to the Hawaiians or Pacific Islanders followed by African Americans, Hispanics, and Asians.
4. There are many great industries to choose from.
Although Utah doesn’t belong to the states with the most number of Fortune 500 companies, they have several fastest-growing companies. According to Inc. 500, these firms include Legend Solar, which took the 29th spot in 2016, because of its more than 7,000 percent growth and $13 million revenue. Others are Phoenix Recovery and Counseling Centers, PrinterLogic, Shopper Approved, and Lancera.
When it comes to largest employers, JobsBank USA cites America First Credit Union, Autoliv, Backcountry.com, and Bank of Utah.
To be clear, Utah doesn’t have a high average wage as it ranks 37th, but the cost of living is certainly cheaper than its neighboring states such as Arizona and Colorado. If you’re looking for stability and many employment options, the state certainly has something to offer.
Nevertheless, competition can still be tough. To give yourself a head start, take some project management courses in Utah, which can make you more eligible to supervisory positions.