Utah’s Tech Economy: Strength Amid Shifting Tides
As 2025 draws to a close, Utah’s economy continues to balance strength with strain. Despite national headwinds—from inflation to a federal government shutdown—the state remains one of the fastest-growing job markets in the U.S. While many Utahns report living paycheck to paycheck, employment and innovation metrics tell a story of resilience and transformation.
Key Highlights from the Q3 2025 Report
- Utah ranks 4th nationally in nonfarm job growth, adding 30,400 new jobs over the past year.
- Salt Lake City’s Information sector employment climbed 3.4% YoY, while Federal employment saw a 5.3% decline, the steepest among industries.
- Utah led national job growth at the end of Q3 (+0.47%), outpacing Oregon (+0.35%) and Wisconsin (+0.28%).
- The Information sector pays 47.6% above Utah’s statewide average wage, signaling strong demand for high-skill talent.
Innovation, Investment & Industry Growth
Utah’s data-center boom continues, with the Salt Lake region projected for nearly 700% growth by 2030, second only to Las Vegas/Reno. Each new facility creates an estimated 3.5 additional local jobs, boosting infrastructure and tech employment across the region.
Meanwhile, Goldman Sachs’ 10,000 Small Businesses program launched its first statewide Utah cohort this fall, supporting 40 entrepreneurs focused on growth and innovation. Recognition programs like the Utah 100 and 2025 Innovation Awards further highlight the state’s momentum toward high-impact, tech-driven industries such as AI, medtech, and advanced manufacturing.
Looking Ahead
From Silicon Slopes startups to hyperscale data centers, Utah continues to prove its reputation as a center for innovation and opportunity. Even in uncertain times, the state’s mix of talent, technology, and entrepreneurial spirit keeps it among the nation’s most dynamic markets.
