They come to put down roots, to take up skiing and to hike and bike our beautiful mountains and red rock canyons. They come for the Utah lifestyle, our clean cities, safe streets and neighborhoods. Additionally, people increasingly come to do business. A quick look at the numbers reveals why.
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Our unemployment rate has dropped from a high of 8.4 percent when I took office in 2009 to 3.6 percent today. Since November 2011, Utahhas created 103,000 jobs. Utah is the second-fastest growing state and has the second-fastest growing economy in the nation. Moreover, Utah has the fourth most diverse economy in America.
Everyone knows about California's famed Silicon Valley, but people are now becoming familiar with Utah's Silicon Slopes, the cluster of information technology and software-development firms along the Wasatch Front that is leading the world in innovative memory-process technology, thanks to IM Flash, Adobe and Oracle, among others.
We are also home to a burgeoning life sciences industry—a community highlighted by Merit Medical, Fresenius, Edwards Lifesciences and other multinational companies. And we have a skilled and bilingual workforce. To that point, our Utah residents speak more than 130 languages in commerce every day.
Not surprisingly, our success is garnering national attention.
Forbes magazine named Utah the "Best State for Business" for three consecutive years. Pollina Corporate Real Estate recognized Utah as the nation's Top Pro-Business State. Thumbtack.com and the Ewing Marion Kauffman Foundation just acknowledged Utah as the top state for small-business entrepreneurs for the second consecutive year.