In a recent article published on the website badcredit.org, Utah was recognized for striking the right balance for professionals looking for challenging career opportunities while maintaining a good life-work balance. The following are excerpts from the article.
Utah frequently ranks among the top states in the country for business, careers, personal income growth, family prosperity, and quality of life, according to the Utah Governor’s Office of Economic Development (GOED). The office attributes these achievements to a combination of business-friendly policies, collaboration, and innovation.
This mix of qualities has led to Utah being home to booming fintech and financial services communities while making a name for itself in other areas such as life sciences, energy, recreation, and IT — think Silicon Slopes.
Because of its ripe business and economic opportunities combined with its natural wonders and quality of life, we’re recognizing the state of Utah with our Editor’s Choice™ Award as a Top State for Making a Career Move.
A Young Population Helps Drive a Booming Fintech Sector
“Fintech is really booming here in the state,” said Val Hale, executive director of GOED.
Utah’s financial services industry is the state’s largest and fastest-growing key industry, according to the office website. It is home to 47 banking institutions valued at nearly $600 billion. And the state is home to approximately 68 credit unions totaling $22.4 billion.
“Thanks especially to a growing technology industry, Utah also punches above its weight in venture capital and deal flow growth,” according to the Office of Economic Development.
The Utah Leads Together Small Business Bridge Loan Program is Designed to Help in Times of Crisis
As the U.S. strives to manage the health of its citizens and its economy, Utah is helping to bring some relief to businesses potentially impacted by the COVID-19 pandemic with its Utah Leads Together Small Business Bridge Loan Program.
“We think that if we can get through this interim period where the federal government aid can start coming in, we can get through this in the long run because our economy is fundamentally sound,” Hale said.
Read the full article here.