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2014

SLCHAMBER.com

Inside

: LIVE

WORK

LEARN

PLAY
Academic Excellence, Spiritual Growth
• 96% College Bound
• All Faiths Welcome
• Diverse Community
• Infant - 12th Grade

...
The Daniela

The Steinbeck

From movie night to backyard barbeques, your future will unfold in your new home. Shouldn’t it...
welcome

Gary R. Herbert
Governor of Utah
4

LIFE IN UTAH 2014 | www.SLCHAMBER.com
Employment Screening - Criminal Background Checks
Tenant Screening - Drug Screening - ATS Integration
Like all of our Utah...
DESIGN
FOR ALL TIME

LAKE HOMES THAT ARE SO NOW … AND THEN
“Have nothing in your houses that you do
not know to be useful ...
THESE HOMES EMBODY L AKESIDE LIVING.
They welcome sunlight and cross breezes into every room.
With an ingenious use of gla...
welcome

table of contents
12

live
A spotlight on a few of Utah’s favorite places to live

42

learn
Learning: the founda...
welcome

Vol. XXIX

Issue 2014

175 E. University Blvd. (400 S.), Suite 600
Salt Lake City, Utah 84111
801-364-3631 | slch...
CenturyLink’s powerful portfolio of services
covers all corners of business in Utah.
In the state ranked best for business...
live

Living in Utah

Getting to know
the seasons
The average maximum daytime temperatures
for Salt Lake’s metropolitan ar...
Images courtesy of Park City Chamber

live

Park City

Small town charm,
international renown

N
PARK CITY STATS
Populatio...
Red Ledges is a private community only
minutes from Park City, Utah. We offer the ideal balance of
convenience, privacy an...
live

Down South

Recreate and renew
recently opened its new airport, making
the region more accessible than ever.
Utah’s ...
WELCOME TO

SANDY SCHEELS • 11282 SoutH StAtE StrEEt • SANDY, ut • 801.948.7080
Image courtesy of Visit Utah

live

Cache Valley: Utah’s hidden treasure

C

ache Valley is often referred to as
Utah’s hi...
We packed plenty of
energy savings into Utah Paperbox.

© 2013 Rocky Mountain Power

wattsmart is registered in U.S. Paten...
live
Ogden Area

Outdoors and more

I

n the last decade, Ogden has gained
momentum as an outdoor sports
destination for b...
Utah Valley

Economic boom
FIFTY YEARS AGO, Utah Valley
was a beautiful valley noted for its vast
orchards, breathtaking m...
KEARNS, UT

C E L E B R AT I N G U TA H ’ S O LY M P I C L E G A C Y

FOR THE LOVE OF SPORT
UTAH OLYMPIC LEGACY FOUNDATION...
Relocating to Utah?
Summit Sotheby’s International Realty, the premier luxury real estate brand, offers our clients a wide...
live

Salt Lake
Neighborhoods:

Different faces of the valley

F

rom quiet, family-friendly bedroom communities, to
vibra...
We never said
saving water meant
compromising

beauty.

Search over 900 waterwise plants.
Visit interactive garden exhibit...
live

Boy on dock image courtesy of Daybreak; Golf course image courtesy of South Jordan Chamber of Commerce

like Liberty...
live
neighborhood to provide convenient
retail for Daybreak residents.
AVENUES/FEDERAL HEIGHTS
Perched on a hilltop direct...
One Valley. Endless Possibilities.
Discover the Heber Valley—one of Northern utah’s best kept secrets.
situated only 45 mi...
live

Utah Housing Market Overview
from the Utah Association of Realtors
THE PAST TWO YEARS HAVE
signaled a return to norm...
Image courtesy of Downtown Alliance

live

GETTING AROUND UTAH
Getting around the Beehive State has never been easier
COMM...
Utah’s top business news
at your finger tips

Free
oad
Downl

THE MAGAZINE FOR DECISION MAKERS

www.utahbusiness.com
Come home and

STAY
A WHILE.
REAL ESTATE

When you are ready to make the move to our mountains
or just across the valley, ...
live
the Rideshare program that encourages and offers carpooling; and
also service to local ski areas during the winter.
U...
Utah’s Independent Schools:
I N D I V I D UA L I Z E D E D U C AT I O N
H I G H Q UA L I T Y T E AC H E R S
SMALL CLASS SI...
live

RAILWAYS
Amtrak provides daily passenger service
on the California Zephyr to and from
points throughout the United S...
learn

Class is in Session:
Higher Education in Utah
UTAH BOASTS A HEALTHY SYSTEM of higher education
that offers a wide v...
“DARE
... ”

FOR YOURSELF
-Ralph Waldo Emerson

WSU, nestled at the base of Utah’s Wasatch
Mountains, offers more than 225...
learn
It has the largest student population of
any school in Utah. BYU is one of several
private universities along the Wa...
learn

Image courtesy Brigham Young University

USU offers plenty of activities on campus,
giving it a strong sense of com...
learn

(source: Georgetown University study). To
fulfill this economic potential as a state,
we must increase degrees and ...
UESP Rated a Gold 529 Plan
by Morningstar®
“[UESP] continues to be
among the leaders in reducing
costs. . . . The plan’s f...
work

Salt Lake Chamber
Utah’s voice for business
MISSION STATEMENT
We stand as the voice of business,
we support our memb...
What exactly will an educated, well-trained
workforce do for Utah’s economy?

www.slcc.edu

The benefits of a top-notch wo...
Images courtesy of World Trade Center Utah and World Bank Group

work

LEADING THE NATION IN
EXPORT GROWTH
Utah is the onl...
twitter.com/uwsl
facebook.com/uwsaltlake

Instagram

uwslhub.org

youtube.com/unitedwaysl

text OPTMBL to 50555
Image courtesy of GREENbike | SLC Bike Share

work

Coming to SLC on a business trip?
Salt Lake City hosts a variety of na...
You don’t have
to get to your
destination in
one giant leap.
Explore how small steps
can lead to success.

© 2013 Ernst & ...
Image courtesy of Goldman Sachs

work

Goldman Sachs
Globally renowned investment firm
growing and giving back in SLC

F

...
work

Business thrives in Utah

I

t’s no secret that there’s a secret sauce
when it comes to business in Utah.
With a bus...
You have dreams.
We have money.

WELCOME TO A BETTER WAY HOME.
Home is a place where you should always feel comfortable an...
work

T
University of Utah:

an innovation, entrepreneurship and
commercialization leader

Pablo Johnson
is a medical
stud...
work

USTAR: powering Utah

T

he Utah Science Technology and Research initiative
(USTAR) is a long-term, state-funded inv...
Healthcare Answers

1 in 3 American Lives Impacted

Together, We’re Transforming Healthcarewww.VeriskHealth.com
Join one o...
work

Health care in Utah

U

tah’s approach to health care is unique among
the states when it comes to the Affordable
Car...
Love

comes to
comes to

the rescue

of children

every day.
every day.
At Shriners Hospitals for Children—Salt Lake City,...
Commercial Real Estate in Utah

O

ver the last several years, Utah has
outperformed a sluggish national
economy. Conseque...
“The way a team plays as a whole determines its success.
You may have the greatest bunch of individual stars in the world,...
play

Salt Lake City

Capital of
Cuisine
Dine O’ Round at Tin Angel Cafe image by Margie Richlen, courtesy of Downtown All...
SHINES
Discover more than 100 stores and
restaurants lining a sparkling creek, all
under a fully retractable glass skyligh...
play

Nightlife &
Entertainment
CLUBS & BARS
Bar-X is a popular spot for fresh, handcrafted cocktails and
its speakeasy am...
Life in Utah, 2014 Edition
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Utah's premier lifestyle and relocation guide magazine. Why we love to live, work, learn and play in Utah.

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Transcript of "Life in Utah, 2014 Edition"

  1. 1. 2014 SLCHAMBER.com Inside : LIVE WORK LEARN PLAY
  2. 2. Academic Excellence, Spiritual Growth • 96% College Bound • All Faiths Welcome • Diverse Community • Infant - 12th Grade NOW ENROLLING Tours available at 16 schools along the Wasatch Front (Ogden to Draper) Visit us online www.UtahCatholicSchools.org
  3. 3. The Daniela The Steinbeck From movie night to backyard barbeques, your future will unfold in your new home. Shouldn’t it reflect your tastes and style? At Richmond American, we offer more ways to make your home uniquely yours. DESIGN BEGINS AT THE HOME GALLERY What makes the Richmond American experience different? • Complimentary professional design assistance • Incredible standard features to start, and many upgrades available to help personalize your home* • In-house design center operated by Richmond American—not a third-party firm Now building in 14 communities in Heber, Salt Lake, Utah and Davis counties. We have a variety of home designs to suit every family! Call 801-545-3429 for more information or visit RichmondAmerican.com * Standard items, available upgrades, prices, specifications, included features and availability are subject to change without notice. Homebuyers may be limited in the options and upgrades which can be made to homes that are finished or already under construction. Upgrades are available at additional cost. Prices, specifications and availability are subject to change without notice. ©2013 Richmond American Homes. In Utah, homes are offered by Richmond American Homes of Utah, Inc. (866-400-4131).
  4. 4. welcome Gary R. Herbert Governor of Utah 4 LIFE IN UTAH 2014 | www.SLCHAMBER.com
  5. 5. Employment Screening - Criminal Background Checks Tenant Screening - Drug Screening - ATS Integration Like all of our Utah based clients, Peopletrail feels fortunate to have our roots established in this great state. We have benefited from all the wonderful opportunities it provides for both business and pleasure. Over the years we’ve enjoyed growing along side many of our clients, providing them the actionable insight they need to make the right business decisions, keeping them secure and compliant with all local, state, and federal screening requirements. Peopletrail is well positioned for significant growth. Our clients’ needs continue to grow, and more and more companies are realizing the importance of working with an accredited provider of reliable, convenient, and accurate information. Discover the Peopletrail difference and get the information you need, and the personal care you deserve. Call 866.223.8822 or visit peopletrail.com to chat live or schedule your own complimentary consultation today. © Copyright 2013 Peopletrail, LLC. Peopletrail and the Peopletrail logo are registered trademarks or trademarks of Peopletrail, LLC. All Rights Reserved
  6. 6. DESIGN FOR ALL TIME LAKE HOMES THAT ARE SO NOW … AND THEN “Have nothing in your houses that you do not know to be useful or believe to be beautiful.” Famed 19th Century designer William Morris was, to put it mildly, a stickler for the details. We’ve taken this older, more meticulous approach to form and function, and combined it with a fresh, almost whimsical sense of light and lifestyle to create the new homes of Daybreak’s Lake Village.
  7. 7. THESE HOMES EMBODY L AKESIDE LIVING. They welcome sunlight and cross breezes into every room. With an ingenious use of glass and space, they blur the barrier between indoors and outdoors. And every detail, from a metal roof above a wrap-around porch to a “kayak garage,” is a reminder that you’re among the privileged few who get to live steps from a big, freshwater lake. AT 10 YEARS OLD, DAYBREAK IS A MODEL OF COMMUNIT Y DESIGN. A place where the homes are a short walk or bike ride from parks. Community gardens. A fresh-baked pastry. Even a light rail station. And Lake Village is the pinnacle of Daybreak design, a fitting tenth anniversary celebration. TOUR THE MODEL HOMES OF LAKE VILLAGE. Start your tour at the Lake Cottage. From I-15 go west on 10600 S., cross Bangerter Hwy and follow the signs to the Lake Cottage. (801) 446-9022 A RIO TINTO/KENNECOTT COMMUNITY DAYBREAKUTAH.COM
  8. 8. welcome table of contents 12 live A spotlight on a few of Utah’s favorite places to live 42 learn Learning: the foundation for Utah’s prosperity 48 work Building on Utah’s thriving economy and business 66 play Utah is the state for play all year long 89 resource guide State information for visiting or relocating 8 LIFE IN UTAH 2014 | www.SLCHAMBER.com
  9. 9. welcome Vol. XXIX Issue 2014 175 E. University Blvd. (400 S.), Suite 600 Salt Lake City, Utah 84111 801-364-3631 | slchamber.com BOARD CHAIR PRESIDENT & CEO EDITOR Ron Jibson Lane Beattie Mikael Short Lane Beattie Salt Lake Chamber President & CEO Busath Photography © CONTENT PROVIDED BY Welcome to Utah! CBRE, Inc., Downtown Alliance, Governor’s Office of Economic Development, MediaOne of Utah, Park City Chamber, Salt Lake Chamber, Ski Utah, Sundance Institute, Uintah County CVB, University of Utah Technology Venture, Utah Association of Realtors, Utah Department of Transportation, Utah Film Commission, Utah Transit Authority PUBLISHED IN PARTNERSHIP WITH Whether you are here for a quick visit or considering Utah as your new home, it won’t take long for you to realize that our state is unlike any other. The Life in Utah magazine is designed to give you a taste of what makes Utah so special. You may already know we’re the home of the Greatest Snow on Earth® and some of the very best skiing, but don’t forget about playing in the mountains and lakes in the summer, visiting the Mighty Five spectacular national parks and our vibrant capital city. We have something for everyone within our state borders. No matter how long you plan to be here, we want to make you feel welcome. The Salt Lake Chamber is working to make Utah the strongest economy in the nation and we are committed to being a welcoming, inclusive and caring community. We would love nothing more than for you to join us. 90 S. 400 W., Salt Lake City, 84121 801-839-1404 | UtahBusiness.com PRESIDENT & CEO PUBLISHER Brent Low Tyler Dabo DIRECTOR OF CUSTOM PUBLISHING Mary Ann Carlton EDITORIAL/CREATIVE TEAM Jed Call, VP Business Development Kadee Duclos, Content Manager Maria Nelson Loftis, Copy Editor StephAnn Knotts, Creative Director Brian Hugo, Production Support COVER PHOTO Adam Barker CONTRIBUTORS Cory Duclos, Utah Office of Tourism We hope you’ll enjoy your time in our great state! Life in Utah is an official and yearly publication of the Salt Lake Chamber and is distributed throughout Utah. Copyright ©2013 by the Salt Lake Chamber. All rights reserved. No part of this publication may be reproduced in any format without consent of the Salt Lake Chamber. We make every Lane Beattie President and CEO Salt Lake Chamber effort to ensure the accuracy of the information in this publication, the Salt Lake Chamber, MediaOne and Utah Business magazine assume no liability for errors, inaccuracies or omissions. All critical information should be independently verified. MediaOne and Utah Business are proud to produce the Salt Lake Chamber’s official relocation magazine with a title that reflects its extended scope: Life in Utah. 10 LIFE IN UTAH 2014 | www.SLCHAMBER.com
  10. 10. CenturyLink’s powerful portfolio of services covers all corners of business in Utah. In the state ranked best for business*, CenturyLink’s top-tier technology helps many businesses achieve their goals. Utah businesses count on CenturyLink to provide tailored solutions, the connectivity of a Tier-1 national network and industry-leading Service Level Agreements. And as more companies migrate to the cloud, they’re taking advantage of our top-tier cloud services. CenturyLink provides the solutions, technology and support that helps businesses keep growing. To find out more about CenturyLink call 855.320.0469 or visit centurylink.com *Forbes rated Utah the Best State for Business and Careers two years in a row. http://www.forbes.com/sites/kurtbadenhausen/2011/11/22/the-best-states-for-business/ © 2012 CenturyLink, Inc. All Rights Reserved. The name and the pathway logos are trademarks of CenturyLink, Inc.
  11. 11. live Living in Utah Getting to know the seasons The average maximum daytime temperatures for Salt Lake’s metropolitan area range from 38 degrees Fahrenheit in January to 90 degrees in July. In Salt Lake County, the sun shines an average of 222 days a year with 67 percent annual sunshine. Annual precipitation varies from less than five inches in Utah’s Great Salt Lake desert to more than 60 inches in the northern mountain ranges. Snow frequently accumulates to depths of 10 feet or more at many Wasatch Mountain ski resorts. The state’s altitude ranges from a low of 2,200 feet in Washington County in southern Utah, often referred to as “Utah’s Dixie,” to more than 13,500 feet in the Uinta Mountains. Salt Lake City sits at an elevation of 4,330 feet above sea level. Salt Lake Weather AVERAGE ANNUAL TEMPERATURE 52° F JANUARY TEMPERATURE Ave. High 36.4° F Ave. Low 19.3° F JULY TEMPERATURE Ave. High 92.2° F Ave. Low 63.7° F 16.2” AVERAGE ANNUAL SNOWFALL 58.6” Source: National Weather Service Forecast Office Climate-Zone.com 12 LIFE IN UTAH 2014 | www.SLCHAMBER.com Images courtesy of Red Butte Garden AVERAGE ANNUAL PRECIPTIATION
  12. 12. Images courtesy of Park City Chamber live Park City Small town charm, international renown N PARK CITY STATS Population: 7,873 Elevation: 6,980 feet Estimated median household income: $59,350 Estimated median house/ condo value: $717,585 Median rent: $1,122 Source: City-data.com 14 amed “Best Town in America” by Outside Magazine in 2013, Park City offers a blissful blend of small-town friendliness and five-star resort culture. Nestled in the Wasatch Mountains (east of Salt Lake City), Park City is also one of North America’s most accessible mountain recreation destinations — it’s only 35 minutes from Salt Lake City International Airport. Once a booming silver mining town, Park City is now well known for its world-class ski and snowboard resorts, cultural offerings, events and Olympic legacy. As Utah’s only true “ski town” and a site of events for the 2002 Olympic Winter Games, Park City offers a relaxed smalltown atmosphere with amenities not often found in communities of its size. Anchored by its three ski and snowboard resorts (Deer Valley Resort, Canyons Resort and Park City Mountain Resort), the area offers highly rated winter recreational opportunities. Skiing, snowboarding, snowshoeing, cross-country skiing, snow tubing and sleigh rides provide endless possibilities to enjoy the area’s annual bountiful snowfall. Adventures during the summer LIFE IN UTAH 2014 | www.SLCHAMBER.com and fall months are equally impressive, with golf, zip lines and more than 400 miles of public trails providing plenty of opportunities for hiking, mountain biking and horseback riding. There can be no doubt that Park City’s outdoor activities are what primarily bring people to the area for the first time. However, the extensive cultural, dining and entertainment offerings bring visitors back time and time again. In many cases those visitors make the area home. FESTIVALS AND HAPPENINGS IN PARK CITY Sundance Film Festival Park City Film Series Kimball Arts Festival Park City Gallery Stroll Deer Valley Music Festival Big Stars, Big Nights Concert Series Park Silly Sunday Market
  13. 13. Red Ledges is a private community only minutes from Park City, Utah. We offer the ideal balance of convenience, privacy and luxury along with a lifestyle to engage the whole family. Owners at Red Ledges enjoy: Jack Nicklaus Signature Golf Course Jim McLean Golf School Cliff Drysdale Tennis School Private Ski Lounge in Deer Valley Equestrian Center Swim & Fitness Club Dining Contact us for a private tour and learn how you can live the Red Ledges lifestyle. RedLedges.com Homesites from $195,000 Homes from $550,000 (877) 733-5334 Custom from $1.2 million Exclusively Brokered by Red Ledges Realty, LLC. Obtain the Property Report required by federal law and read it before signing anything. No federal agency has judged the merits or value, if any, of this property. All descriptions, depictions, and renderings are provided solely for illustrative purposes and are subject to change. ©2014 Red Ledges Land Development, Inc.
  14. 14. live Down South Recreate and renew recently opened its new airport, making the region more accessible than ever. Utah’s Dixie has exploded with adventurers seeking access to some of the country’s best recreation. Whether it’s hiking in Zion or Bryce Canyon National Parks; boating at Sand Hollow or Quail Creek State Parks; teeing off at one of the many area golf courses; or rejuvenating at a world-class spa like Red Mountain or Green Valley, the southern half of Utah is a hub of activity. The arts take center stage down south with three different venues: the Tonyaward winning Utah Shakespeare Festival in Cedar City, Tuacahn Amphitheatre in Ivins, and music under the stars at the O.C. Tanner Amphitheater in Springdale. MORE INFO Explore Utah’s red rocks country for recreation or doing business at St. George Convention and Visitors Bureau at UtahStGeorge.com 16 LIFE IN UTAH 2014 | www.SLCHAMBER.com St. George skyline, Tuacahn Ampitheatre by Dave Becker; Sky Mountain Golf Course by Alex Santiago; Opera House courtesy St. George Convention and Tourism Office W hile the northern part of the state is scattered with vast mountain ranges, the secret to the south has long been its beautiful red rocks and desert climate. St. George
  15. 15. WELCOME TO SANDY SCHEELS • 11282 SoutH StAtE StrEEt • SANDY, ut • 801.948.7080
  16. 16. Image courtesy of Visit Utah live Cache Valley: Utah’s hidden treasure C ache Valley is often referred to as Utah’s hidden treasure. Comprised mainly of dairy farms, small towns, stunning mountains and modest cities, Cache Valley offers excitement and adventures for everyone as a gateway to the outdoors. The American West Heritage Center, a living history attraction in Wellsville, offers a taste for early Cache Valley farm life with hands-on historical exhibits. Rockhill Creamery in Richmond is another must-see and operates out of a historic farmstead. The creamery uses traditional cheese-making techniques and offers samples to Saturday visitors. Logan, the heart of Cache Valley, houses a dynamic student population thanks 18 to Utah State University, where agricultural, science and engineering programs reign. Logan is home to worldclass opera company Utah Festival Opera, as well as a number of art galleries and historic structures. Locals relish the perfect powder at littleknown Beaver Mountain Ski Resort, while golfers have their pick of four Cache Valley courses. Nearby national forests make it a varied outdoor mecca, where rock climbers can scale Logan Canyon’s more than 400 diverse climbing sections, and fishers can take advantage of its blue-ribbon trout streams. Nearby recreational playground Bear Lake offers hiking, golfing and LIFE IN UTAH 2014 | www.SLCHAMBER.com water sports, as well as snowmobiling and ice fishing in winter. Many Utahns flock to Hardware Ranch in Blacksmith Fork Canyon, bundling up for a sleigh ride to meet hundreds of grazing elk. Just southeast of Logan, the ranch is the winter feeding area for Utah’s official state animal. MORE INFO Find out more about an adventure in Utah’s northern realms by visiting TourCacheValley.com
  17. 17. We packed plenty of energy savings into Utah Paperbox. © 2013 Rocky Mountain Power wattsmart is registered in U.S. Patent and Trademark Office. Utah Paperbox likes efficiency. So they were more than happy to receive cash incentives through our wattsmart ® Business program to help upgrade their lighting and compressed air, and add evaporative cooling to make their operation more energy efficient. Those savings help keep costs down for their customers. Your business can benefit too. To learn more call 1-800-222-4335, contact a participating vendor or visit wattsmart.com. UTAH PAPERBOX IN SALT LAKE CITY: • • Received $107,000 in incentives • Pictured from left: Dave Spalding, customer and community manager, Rocky Mountain Power; Stephen Keyser, president, Utah Paperbox and Paul Keyser, board chair, Utah Paperbox Saves $88,460 and 1.2 million kwh annually Payback before incentives: 1.6 years; payback after incentives: 0.4 year
  18. 18. live Ogden Area Outdoors and more I n the last decade, Ogden has gained momentum as an outdoor sports destination for being the center for skiing and adventure sports. Ogden is the gateway to three Utah ski resorts: Snowbasin, Powder Mountain and Wolf Mountain. It is also home to the Salomon Center, one of the world’s top 10 manmade adventures, offering most notably iFLY, a vertical wind tunnel; FLOWRIDER, an indoor river that provides wakeboarding, surfing, and boogie boarding; as well as other adventure activities. GOLDEN SPIKE NATIONAL HISTORIC SITE On May 10, 1869, officials of the Central Pacific Railroad and Union Pacific Railroad met at Promontory Summit, Utah, to drive four symbolic spikes (two gold), celebrating the completion of the first transcontinental railroad. Today, visitors can see working replicas of the steam locomotives, Jupiter and 119, in “The Last Spike Ceremony,” held every year on the anniversary and on most Saturdays during the summer season. MORE INFO Look to Ogden for the latest in outdoor gear and recreation at OgdenCity.com 22 LIFE IN UTAH 2014 | www.SLCHAMBER.com Historic 25th Street by Out of Bounds Creative; Solomon Center by Kevin Dilley; Golden Spike Reenactment courtesy Visit Ogden Probably the most dramatic changes have been the influx of nationally known outdoor companies and the gradual redevelopment of downtown Ogden. Historic 25th Street has been given a major facelift in recent years, while neighboring blocks have been leveled to make room for movie theaters, high-rise condos, restaurants and more. Weber State University also calls Ogden home.
  19. 19. Utah Valley Economic boom FIFTY YEARS AGO, Utah Valley was a beautiful valley noted for its vast orchards, breathtaking mountains and a steel mill that drove its economy. Today, the steel mill is gone, as are many of the orchards. Taking their place are hundreds of thriving businesses comprising an economy that is being recognized nationally as both diverse and robust. Forbes Magazine recently ranked the Provo-Orem area as the second-best place in the nation for business and careers. In addition to the Forbes ranking, a host of other organizations have pointed to Utah Valley as among the best places in the nation to live, work, play and even grow old. Brigham Young University and Utah Valley University, boasting more than 60,000 students between them, also call Utah Valley home. They churn out thousands of graduates each year, many of whom have helped start and grow com- 24 panies like Novell, WordPerfect, Altiris (now Symantec), and the list goes on. In 2013, Google Fiber announced that Provo would be one of the first in the nation to have the lightning-fast internet connection with the purchase of the iProvo fiber network. Technology companies are springing up all across the valley. Josh James, founder of Omniture (which is now Adobe) and DOMO, coined the phrase “Silicon Slopes” to describe the technology cluster that has blossomed in Utah Valley and along the Wasatch Front. Even the federal government is attracted to Utah County. The National Security Agency built the Utah Data Center, a top-secret intelligence-gathering facility, in the northern end of the county. While much of the country is still weighed down by a sluggish economy, Utah Valley is racing to the forefront thanks to innovation, hard work and a fantastic business climate. LIFE IN UTAH 2014 | www.SLCHAMBER.com After graduate school, I needed to relocate to find a good job. Coming from the D.C. Metro area, I wanted someplace that had a nice suburban community feel, but was within easy driving distance of a larger city. Provo fit the bill nicely. Provo has a great community feel to it with frequent events, a robust arts scene and small local businesses. One of the unexpected perks of moving to Utah was the number of local parks that were perfect for summer picnics and family activities. I love that I’m less than an hour from Salt Lake City, giving me access to many of the perks of big-city living, including professional sports teams, a world-class ballet, and a variety of museums and cultural sites. – Brianna Magnusson, Assistant Professor of Epidemiology, BYU Images courtesy Utah Valley Convention and Visitors Bureau; Ms. Magnusson by Stephanie Garr Adams (www.stephaniesportraitdesign.com) live
  20. 20. KEARNS, UT C E L E B R AT I N G U TA H ’ S O LY M P I C L E G A C Y FOR THE LOVE OF SPORT UTAH OLYMPIC LEGACY FOUNDATION puts the unique disciplines of Olympic winter sports within reach of all ages and abilities. In record numbers, Utah’s youth are engaged in sports such as freestyle and Nordic skiing, speed skating, curling, and hockey. Olympic winter sport participation has more than quadrupled since 2002. Thru dynamic sport programming, Utah’s youth are participating in winter sports right alongside Olympic and elite athletes. We invite you to experience Utah’s Olympic Legacy and help us share the joy of winter sport and outdoor recreation. OLYMPIC VENUES IN ACTION Within a short drive of downtown Salt Lake City, visit two Olympic venues - designated official U.S. Olympic Training Sites. UTAH OLYMPIC OVAL Try the ‘Fastest Ice On Earth’ at Utah Olympic Oval. Public skating is available year-round with seasonal programs in figure skating, ice hockey, curling and more. Develop a lifelong passion for ice sports! UTAH OLYMPIC PARK Summer and winter, Utah Olympic Park’s offerings educate and challenge all ages, encouraging sport interest and participation for life. Choose from the thrilling Comet Bobsled ride or take a splash in the aerials training pool. Learn more and register online today! U.S. OLYMPIC TRAINING SITE UtahOlympicLegacy.com PARK CITY, UT
  21. 21. Relocating to Utah? Summit Sotheby’s International Realty, the premier luxury real estate brand, offers our clients a wide range of services including destination services, home marketing assistance, and international services. Contact us today for a free relocation packet about moving to Utah, 435.649.1884. Search for your ski, golf, or equestrian lifestyle property at SummitSothebysRealty.com Bridgette Osguthorpe Director of Relocation 435.649.1884 | 800.641.1884 S u m m i t S o t h e by s R e a l t y. c o m
  22. 22. live Salt Lake Neighborhoods: Different faces of the valley F rom quiet, family-friendly bedroom communities, to vibrant, walkable neighborhoods, Salt Lake has its share of locales that have made it one of the best places to live. SUGAR HOUSE Once the southern end of the city, Sugar House now is smack dab in the middle of everything going on in and around Salt Lake City. This energetic suburb is one of the oldest neighborhoods in Salt Lake City and home to Westminster College. The name derives from a sugar beet processing facility that used to be in the area. However, the sweet neighborhood is more known now for great shops and walkable streets. Sugar 28 LIFE IN UTAH 2014 | www.SLCHAMBER.com Images courtesy Visit Utah Salt Lake is known for its friendly and helpful people, as well as the gorgeous surrounding Wasatch and Oquirrh Mountains. Each neighborhood or geographic area of Salt Lake City and Utah is a virtual cornucopia of different flavors, lifestyles, people and characteristics — unique to anywhere else in the U.S. House Park, which serves as an anchor for the neighborhood, is undergoing a massive renovation. A federally-funded streetcar is also on schedule for the final design completion of the construction work to finish up around the end of this year. 9TH AND 9TH & 15TH AND 15TH These two neighborhoods, near the intersections of 900 East and 900 South, and 1500 East and 1500 South, are blossoming into their own colorful pockets of locally-owned stores and businesses unique to their areas. The homes in both areas range from modest to mega, and are among the most culturally diverse areas in the city. Parks
  23. 23. We never said saving water meant compromising beauty. Search over 900 waterwise plants. Visit interactive garden exhibits. Free classes and tours. Come visit our garden today. View sample landscapes. Inspiring, educating and empowering our communities to be waterwise . 801-256-4400 http://conservationgardenpark.org/ 8275 South 1300 West - West Jordan, Utah 84088 www.conservationgardenpark.org
  24. 24. live Boy on dock image courtesy of Daybreak; Golf course image courtesy of South Jordan Chamber of Commerce like Liberty Park (9th and 9th) and Wasatch Hollow (15th and 15th) are nearby, as are some of Salt Lake City’s oldest and best schools. Picturesque tree-lined streets and proximity to downtown make both these neighborhoods desirable for families and working professionals in Salt Lake City. DAYBREAK Farther south in the city of South Jordan, Daybreak is growing into one of the most desirable neighborhoods in all of Salt Lake City — even in its relative youth. A massive master-planned community, Daybreak is a covenant-controlled neighborhood of hundreds of homes by a collection of builders throughout Utah. Condominiums to million-dollar homes are available in this varied community. Homes in the neighborhood are all energy efficient, and developers took careful measures to preserve, restore and create beautiful natural surroundings for residents. Nearby shopping options such as The District have sprung up around the We made the decision to move from Lake Oswego, Oregon, to Utah about 11 years ago. We wanted a place where we could raise our boys that was safe and had a good outdoor recreation culture. Utah was exactly what we were looking for. We chose to live in Draper because of the excellent schools, amazing views of the valley and the unique 30 LIFE IN UTAH 2014 | www.SLCHAMBER.com melting pot that it has become in the past decade. A lot of families new to the state have made Draper their home. It is only 20 minutes from downtown, close to skiing, the mountains and great fishing. – Steve Roberts, Vice President of Sales and Business Development, Veritas Funding
  25. 25. live neighborhood to provide convenient retail for Daybreak residents. AVENUES/FEDERAL HEIGHTS Perched on a hilltop directly above Salt Lake City, the Avenues and Federal Heights neighborhoods are among some of the most desirable and unique homes in Salt Lake City. One of the oldest neighborhoods as well — some homes were among the first in the valley — the Avenues is almost purely residential with a smattering of small businesses, two hospitals and churches within the neighborhood. Homeowners have lauded the quaint feeling of the streets and homes, and generations of families have called the Avenues home. Images courtesy of Sandy City Federal Heights, near the University of Utah, has morphed into one of Salt Lake City’s more exclusive neighborhoods with multi-million dollar homes and properties with unsurpassed views of the Salt Lake Valley. SANDY AND DRAPER The southern part of the Salt Lake Valley has attracted a lot of new businesses to Utah, including sporting goods super chain Scheels, E*Trade and Comcast. The cities of Sandy and Draper were ranked in CNN’s 100 best places to live in America. These city suburbs offer quick access to four world-class ski resorts, the 20,000-seat Rio Tinto Stadium, home of the MLS team Real Salt Lake, several shopping centers, miles of biking and hiking, and the Sandy and Draper amphitheaters. 32 LIFE IN UTAH 2014 | www.SLCHAMBER.com
  26. 26. One Valley. Endless Possibilities. Discover the Heber Valley—one of Northern utah’s best kept secrets. situated only 45 minutes from downtown salt lake city, the beautiful Heber Valley is a quick and convenient family escape that offers a wide range of adventures and activities for all ages. With three state parks, two world-class ski areas, blue ribbon fly fishing, endless hiking and biking trails, 90 holes of public golf and majestic mountain views, the Heber Valley boasts scenic and recreational opportunities all year round. Heber Valley Office Of TOurism 475 North main, Heber, utah 84032 | 435.654.3666 GoHeberValley.com |
  27. 27. live Utah Housing Market Overview from the Utah Association of Realtors THE PAST TWO YEARS HAVE signaled a return to normalcy in Utah’s housing market. After selling fewer than 30,000 homes in 2010, Utah Realtors were on track to sell around 40,000 properties in 2013. That would be the strongest year for housing in the Beehive State since 2006, according to data from the Utah Association of Realtors. At the end of September 2013, the most recent data available, the number of closed transactions increased by more than 9 percent, extending a more than two-year trend of higher sales (compared to the same month in the previous year). Utah’s improving economy helped release pent-up demand as buyers across the state took advantage of low interest rates and still-affordable home prices. Areas that had exceptionally strong sales for the first nine months of 2013 were Washington County (up 24 percent), Davis County (up 23 percent), Wasatch County (up 22 percent) and Tooele County (up 17 percent). Since January, the number of homes sold statewide has increased 14 percent. Accompanying the rise in home sales has been an increase in home prices. In September, the Utah median sales price jumped more than 12 percent, from $185,000 to $208,000. This is the 18th consecutive month that home prices were higher compared to the same month the year prior. Since the beginning of 2013, the median price has gone up nearly 15 percent. While home prices have increased in most counties year to date, the top performers (excluding rural counties) are Wasatch County (up 24 percent), Washington County (up 21 percent), Iron County (up 19 percent) and Salt Lake County (up 17 percent). Now that Utah’s housing market has shown a sustained recovery, potential buyers are wondering what to expect should they decide to make a purchase in the next few years. While higher interest rates and increased home prices will slow the speed of house price appreciation, the forecast remains positive. In the Salt Lake metro area, home prices are expected to rise more than 10 percent in the next three years, according to a second quarter report from CoreLogic Case-Shiller. The company also projects that the Provo-Orem, OgdenClearfield and St. George areas will also have house price gains, although not as high as in Salt Lake. This general trend of moderate home price increases is also expected for the U.S., although many areas will not be as strong as in Utah, especially along the East Coast. “Combined with increased housing construction, expected increases in existing inventories should restrain price appreciation even if demand remains strong,” said David Stiff, chief economist for CoreLogic Case-Shiller. “Nevertheless, the rate of price growth in the coming months will remain above its long-term average of 4.5 percent annual appreciation since 1975.” Over the next five years, CoreLogic CaseShiller expects U.S. home prices to rise at an average rate of 3.4 percent each year. Mortgage trends will also have an effect on the market’s performance over the coming years. The National Association of Realtors is expecting interest rates to tick up to the low 5 percent range in 2014. However, many analysts have said that rates would have to climb to the 6 percent range before the rise would hurt the housing market. An increase in new construction and a renewed interest from potential sellers will also help ease the inventory shortage that occurred in the first half of the year, making it easier for buyers to find and secure a home. Metrostudy reported in October that the number of new homes under construction is 30 percent higher than it was a year ago. Meanwhile, 48,000 Utah homeowners who once owed more on their mortgages than their properties were worth now have equity and can put their homes up for sale. Both trends are giving buyers more choices and are supporting activity in the move-up market. At the end of September, the 20,203 Utah homes listed for sale represented a supply of 5.9 months. While this still characterizes a seller’s market, it is much closer to a balanced market than earlier in 2013 when supplies would be gone in 5.4 months if no new homes were put up for sale. Typically between six and seven months of inventory represents a market that is balanced between buyers and sellers. Utah’s consistent performance in creating jobs and reducing unemployment has positioned the state’s housing market for stable, sustainable growth, especially as a large number of Generation Y buyers purchase homes for the first time. Buyers and sellers can learn more about the unique markets in their own areas by contacting a local Realtor®. A searchable index of Utah Realtors is available at UtahRealtors.com. 34 LIFE IN UTAH 2014 | www.SLCHAMBER.com
  28. 28. Image courtesy of Downtown Alliance live GETTING AROUND UTAH Getting around the Beehive State has never been easier COMMUTERLINK REDUCES TRAFFIC CONGESTION Utah’s CommuterLink website, one of the most advanced and intelligent transportation systems in the country, uses the latest technologies and professional expertise to reduce traffic congestion and increase efficiency by alerting commuters to potential trouble on the road. The result is a more efficient transportation network that saves taxpayers more than $100 million annually and reduces carbon monoxide emissions by an estimated 5.1 million kilograms per year. Visit CommuterLink at CommuterLink.utah.gov F or most of its history, Utah has been an important stop on the trail for travelers, earning the title of the “Crossroads of the West.” The transcontinental railroad, Pony Express, stagecoach and Lincoln Highway all crossed through the Salt Lake area in their time. Today, the region benefits from the intersection of two major interstate freeways (Interstate 80 and Interstate 15), a major railroad hub and an international airport. Utah is also undergoing major changes in commuter transportation. Infrastructure has been a big deal for the Salt Lake Chamber, as it is a crucial piece of a prosperous economy. Because of the State’s commitment to improving available transportation to residents and visitors, major improvements are moving forward on Utah’s highway and transit systems. High-speed commuter rails run from northern Utah to Provo, and the TRAX light rail system has extended its reach by heading further west and even connecting the Salt Lake International Airport with downtown Salt Lake City. Both light rail and commuter rail feed into Salt Lake Central Station, just west of Salt Lake City near the Gateway shopping center. Salt Lake Central Station serves as the junction for bus, train, light rail and commuter rail traffic. MASS TRANSIT Today, more Utahns than ever are using public transit to get to work, school, special events and other daily activities, with nearly 43 million trips taken annually on the 1,600-square-mile service area Utah Transit Authority (UTA) covers. The success of the light rail has largely fueled the record-breaking ridership levels in recent years. UTA provides public transit to about 80 percent of Utah’s population along the Wasatch Front and beyond. Services provided by UTA include TRAX light rail in Salt Lake County; an inter-county fixedroute bus system; the Flextrans paratransit operation, which provides curb-to-curb transportation for riders with disabilities; www.SLCHAMBER.com | LIFE IN UTAH 2014 35
  29. 29. Utah’s top business news at your finger tips Free oad Downl THE MAGAZINE FOR DECISION MAKERS www.utahbusiness.com
  30. 30. Come home and STAY A WHILE. REAL ESTATE When you are ready to make the move to our mountains or just across the valley, our professional team will make it simple. Call today to learn about our full service committREAL ESTATEon your next home purchase. ment to you Stop looking. Start finding. Love living. BuyWithM1.com REAL ESTATE REAL ESTATE Get started today. (801) 204-6013 www.BuyWithM1.com REAL ESTATE A Full-Service Brokerage Firm
  31. 31. live the Rideshare program that encourages and offers carpooling; and also service to local ski areas during the winter. Utah’s public transportation system now includes a high-speed commuter rail that stretches from the northern Utah community of Pleasant View to Utah County. Dubbed “FrontRunner,” the commuter rail system connects into the existing TRAX system at Salt Lake Central Station to seamlessly connect Ogden to Provo. As the state’s first commuter rail system, the FrontRunner offers an efficient and reliable transportation service, with trains reaching speeds up to 79 miles per hour. The newest public transportation line to open was the S-Line, the Sugar House Streetcar, which opened in early December 2013. It was the first streetcar to operate in Utah in more than 50 years. It runs nearly two miles east to west, from about 1000 East to Central Point Station at 220 West. Planning for the Sugar House Streetcar project began in 2006 and construction began in 2012. The project was funded in part by a $26 million U.S. Department of Transportation TIGER grant. The 2014 ridership is estimated to be approximately 3,000 people daily. Image courtesy of Salt Lake International Airport www.gsutah.org (801) 265-8472 AIR TRAVEL The Salt Lake City International Airport is within 2.5 hours from most of the state’s population. The airport—situated just west of Salt Lake City and about 10 minutes from downtown— served 20 million passengers in 2012 and ranks as the 26th busiest airport in the nation. Salt Lake City International also has a strong record of having on-time flights. With these accolades comes proof of Utah’s continued expansion into the world stage: Delta Airlines, whose second largest hub is in Utah, now offers non-stop flights to Paris, France. These direct flights are a boon for tourists and business travelers alike, as they connect Utah directly to not just Paris, but several European destinations with minimal stops. At Utah’s international hub, nearly 650 scheduled daily flights are operated each day by eight major airlines to about 100 nonstop destinations. INTERSTATE HIGHWAYS Utah’s transportation infrastructure includes 45,120 miles of federal, state, and local highways and roads. Interstate 80 (east 38 LIFE IN UTAH 2014 | www.SLCHAMBER.com
  32. 32. Utah’s Independent Schools: I N D I V I D UA L I Z E D E D U C AT I O N H I G H Q UA L I T Y T E AC H E R S SMALL CLASS SIZES C andid ate M e m b er K to G r ad e 12 Am erican For k (801) 642-0055 am erican -h er itag e.o r g CHALLENGING ENVIRONMENT MOTIVATED STUDENTS The Independent School Difference... Accredited M em b e r K to G r ad e 8 Salt Lake C i ty (801) 583-0094 m cg illis s ch o o l. o r g Education for the whole child. Independent schools nurture students’ intellectual ability and curiosity, personal and social growth, and civic conscience. Individualized education. Independent school teachers and administrators take the time to know each student to encourage achievement in and out of the classroom, and to generate excitement about learning. Accredited M em b e r Pre-K to G r ad e 8 Par k C ity (435) 649-2791 par kcityd ays ch o o l.o r g High quality teachers. Faculty at independent schools combine top teaching skills with a passion for their subject areas. Many teachers bring to the classroom knowledge from advanced degrees and successful careers. Their energy and enthusiasm create significant learning experiences for their students. Inclusiveness. Independent schools are diverse and vibrant communities that welcome and respect each family. Accessible educators. Independent schools understand that parents are important partners in a child’s education. Parents are encouraged to contact administrators and teachers with questions or concerns about their child’s school experiences. Safe schools. Independent schools maintain up-to-date facilities and provide a safe and nurturing environment for children. Parents can rest assured that faculty know their students well and can help them when they are confronted with problems. Real-world experience. Independent school leaders know that students benefit from interaction with people who hold different perspectives and come from different backgrounds. They strive to provide students real-world experiences to prepare them to achieve not only in school, but also in work, in further academic pursuits, and in life. In addition to being exposed to a broad array of courses, independent school students participate in community service work and keep up with political affairs. The schools listed are members of the Northwest Association of Independent Schools (NWAIS), an organization which promotes high educational quality through the establishment and advancement of comprehensive accreditation standards. Accredited Mem ber Pre-K to G rade 12 Salt Lake C ity (801) 355-7 485 rowlandhall.org Accredited Mem ber G r ade 8 to 12 Mount Pleasant (435) 462-1400 wasatchacademy.org Accredited Mem ber Pre-K to G rade 12 Sandy (801) 572-1780 waterfor dschool.org
  33. 33. live RAILWAYS Amtrak provides daily passenger service on the California Zephyr to and from points throughout the United States. Amtrak trains arrive at and depart from the Salt Lake Central Station intermodal hub. The first phase of the station opened in July 2005 and accommodates passengers transferring among local bus service, automobile, bicycle, Amtrak and Greyhound. A light rail connection is currently under construction and should be completed in spring 2014 right around Image courtesy of UTA to New York City/west to San Francisco), Interstate 15 (north to Canada/south to Mexico), and Interstate 70 (east to Denver) are vital to the efficient movement of goods and materials throughout the region. Both I-80 and I-15 converge in Salt Lake, allowing convenient access to the Wasatch Front and points beyond. The I-215 belt route offers expanded access along the eastern and western perimeters of the valley. the scheduled completion of the Ogden/ Salt Lake FrontRunner line. THE FUTURE With the steady and robust population growth of the Salt Lake Valley, reliable and eco-friendly transportation is becoming ever more important. Public transportation continues to play critical role in combating poor air quality and congestion that plague the Wasatch Front. The Salt Lake Chamber’s Transportation Committee continues to advocate for adequate funding of transportation initiatives that focus on an environmental quality and roadway efficiency and expansion. While the Utah Legislature has done much already to increase funding for clean air initiatives, more must be done to maintain and improve our transportation infrastructure. To keep things growing, we must keep things flowing. The Perfect Landing for Business Or anything else for that matter Nestled at the base of the Wasatch Mountains, the Salt Lake City International Airport is just 10 minutes from downtown. This allows for unprecedented access to a vibrant city for business, recreation, and everything in between. Be a part of our dynamic economic future in an unparalleled natural setting with extraordinary amenities. With seven airlines providing over 600 daily flights, getting here couldn’t be easier. www.slcairport.com 40 LIFE IN UTAH 2014 | www.SLCHAMBER.com
  34. 34. learn Class is in Session: Higher Education in Utah UTAH BOASTS A HEALTHY SYSTEM of higher education that offers a wide variety of programs for students in many fields. Through both private and public schools, Utah higher education is both affordable and crucial for job growth in the state. “We are focused on increasing participation and completion in the Utah System of Higher Education,” said Commissioner Buhler. “Today’s jobs demand a certificate or college degree, and we are working to ensure that all Utahns have access to a high quality, affordable postsecondary education,” he added. According to Pam Silberman, the director of communications for the State Board of Regents, the number of jobs requiring a college degree is on the rise. “We are aware that by 2020, 66 percent of the jobs in the state will require some form of higher education. So that really is our focus, getting as many students as possible to participate in college and get degrees, because that is the wave of the future,” she said. “In order to earn a family-sustaining wage, you’re going to need some kind of higher education degree or certificate.” Buhler’s office has been working to increase the underserved students’ ability to attend college by helping them prepare for the application process. These students are also receiving assistance as they prepare to find ways to prepare to pay for college– a major concern for anyone seeking a degree. Silberman notes that despite decreases in state funding, Utah schools continue to offer relatively low tuition prices especially when compared to other states. Buhler and his staff are working to increase state funding and to help students and parents begin saving early so they can afford tuition and other costs. A recent effort to increase affordability and degree completion is the Fifteen to Finish campaign. In order for students to finish an undergraduate degree in four years, they must take at least 15 credit hours a semester, as opposed to the average 12 hours that most students take. By taking the full load, students not only finish on time, but often save money on tuition since, according to Silberman, most institutions charge the same tuition for 15 credits as they do for 12. 42 LIFE IN UTAH 2014 | www.SLCHAMBER.com “WE ARE FOCUSED ON INCREASING PARTICIPATION AND COMPLETION IN THE UTAH SYSTEM OF HIGHER EDUCATION.” – David Buhler John R Park Administration Building courtesy of the University of Utah; Joseph F. Smith Building Quad courtesy of Brigham Young University David Buhler, the commissioner for the Utah System of Higher Education State Board of Regents, has identified a need to get underserved students prepared for and enrolled in higher education programs, and to help current students do what they need to graduate.
  35. 35. “DARE ... ” FOR YOURSELF -Ralph Waldo Emerson WSU, nestled at the base of Utah’s Wasatch Mountains, offers more than 225 two- and four-year programs,11 graduate degrees and talented faculty dedicated to seeing you succeed. From internships to research experiences, from sporting events to student clubs, Weber State is action-oriented, and a place where you can chase your dreams. weber .edu • getintoweber .com
  36. 36. learn It has the largest student population of any school in Utah. BYU is one of several private universities along the Wasatch Front, including Western Governors University and Westminster College. Brandon Beck, student body president of BYU, feels that his school does more than just provide classroom education. Image courtesy Utah Valley University In Utah, students can enroll in both private and public institutions, all of which offer a wide range of degrees. The University of Utah (U of U), the state’s flagship public school, has a robust undergraduate curriculum as well as several renowned doctoral and medical programs. Emily Andrews, editor-in-chief of the Utah Daily Chronicle, says that her time at the U of U has given her the chance to get some hands-on training in her major. 44 “I like going to the U because I’ve been able to really specialize in my field and apply what I’ve learned in a real-world environment,” Andrews said. The U of U’s rivals in blue to the south, Brigham Young University (BYU), is privately owned by the Church of Jesus Christ of Latter-day Saints, and is consistently ranked as one of the most affordable private schools in the nation. LIFE IN UTAH 2014 | www.SLCHAMBER.com “The iconic words at the entrances to our campus, ‘enter to learn, go forth to serve,’ sum up what makes BYU so special,” Beck said. “I truly believe that the students who attend BYU view their educational pursuits as a means by which they can better serve in their families, churches and communities.” Along with the U of U and BYU, Utah State University (USU) is the other research university in the state. It offers a number of undergraduate and graduate degrees in the cozy setting of Cache Valley. Student body president Doug Fiefia notes
  37. 37. learn Image courtesy Brigham Young University USU offers plenty of activities on campus, giving it a strong sense of community. “There is nothing quite like being an Aggie,” he said. “There is a sense of family and unity that I haven’t felt anywhere. People refer to this as the Aggie Family or the Aggie Nation. It is a place that students come for a true student life. Your educational experience is the learning happening in and outside of the classroom, and Utah State provides wonderful opportunities for students to learn in both aspects.” Utah also has a number of institutions that have the dual role of serving as both community colleges and four-year universities. Students at schools such as Weber State, Utah Valley University, Dixie State University, or Southern Utah University can earn certificates, associate degrees, bachelor’s degrees, or even master’s degrees. For David Wilson, the student body president at WSU, the focus on community education and advanced degrees allows the school to serve its students well and focus on teaching with a personalized touch. “Our dual mission blends extremely well with an emphasis on our three pillars of education–access, community and learning,” Wilson said. “Weber State is a school where you get hands-on learning and are presented with a chance to make a difference in the lives of your fellow students. Becoming a Wildcat is the best choice I possibly could have made for my future.” Salt Lake Community College is the most prominent community college in Utah, and has several locations along the Wasatch Front. The school’s mission is to serve its students by making education convenient and affordable. Jessica Fowler, SLCC student body president, says that this focus on students helps everyone fit in on campus. “Here at Salt Lake Community College, everybody is somebody – everyone has a place to be,” Fowler said. “We offer many services to our students, such as day care for student parents, tutoring for those struggling with any subject, and great health and wellness services.” For young adults in Utah looking to further their education, they do not need to go far from home. And according the Silberman, recent efforts by all of these institutions to increase out-of-state attendance have been successful. Utah’s institutions of higher learning are leading the way in serving students, and it seems like people all over the country are taking notice. www.SLCHAMBER.com | LIFE IN UTAH 2014 45
  38. 38. learn (source: Georgetown University study). To fulfill this economic potential as a state, we must increase degrees and certificates awarded each year by four percent. F rom K-12 and beyond, Utah recognizes the importance of education in our children’s lives. Success begins early—and every child deserves a shot at a quality education. With upwards of 600,000 students in our state’s public education system, system, Utah invests two of every three education dollars solely in instruction (teachers and education specialists). It’s thanks to the wonderful teachers we have that our students are among the best educated in the country. And we have legislators, business and education leaders, and even families who want to make our educational system better to prepare our students for successful futures. Image from Thinkstock PROSPERITY 2020 INVESTMENT IN EDUCATION The Utah Legislature did four things to invest in education in 2013: • Passed a joint resolution adopting the twin goals of 90 percent reading and math proficiency in elementary schools, and 66 percent of all Utah adults with a postsecondary degree or certificate by 2020—goals shared by education movement Prosperity 2020 • Made strategic investments toward measurable goals • Committed to develop a collaborative and united education plan WHERE WILL WE BE BY 2020? It is anticipated that 66 percent of jobs in Utah will require postsecondary education Business leaders also launched the Prosperity 2020 Business Promise to deploy 20,200 volunteers into Utah classrooms by 2020 to help students with reading, math and other critical skills needed to succeed. Volunteerism is a crucial piece in increasing positive educational outcomes, ensuring students understand the concepts important to critical thinking and communicating. GOALS OF PROSPERITY 2020 • 66% of Utahns with postsecondary certificates or degrees • 90% of elementary students proficient in reading and math • Make Utah a STEM Top 10 Center for technology jobs and businesses WHAT IS PROSPERITY 2020? Prosperity 2020 is the largest business-led movement to enhance education through improving innovation, accountability, efficiency and investment in Utah’s education system. Twenty chambers of commerce along with other business associations throughout Utah joined together to improve Utah’s economy through strengthening education. Learn more about efforts to enhance education in Utah at Prosperity2020.com. HIGHER EDUCATION IN UTAH Public Colleges & Universities Educate Most of Utah’s College Students • Eight public colleges & universities • 179,871 students enrolled 2012-13 (80% of all college students in Utah) • 31,339 credentials awarded in spring 2012 (75% of all credentials) • Enrollment projected to increase by 28% in next 10 years Utah Colleges are Among Most Affordable Higher Education Contributes to Utah’s Economy • Third lowest in total cost to attend college • $4.2 billion enterprise • Lowest level of student debt (55% graduate with no debt) • Of those who borrow, average student debt ($17,227) is lower than national average ($26,600) • Lowest student loan default rate in US (2.3%) (Information from Utah System of Higher Education) 46 LIFE IN UTAH 2014 | www.SLCHAMBER.com • Employs over 30,000 people (includes U of U Healthcare) • 2/3 of state building inventory • For every $1 of state tax funds spent on capital development, higher education generates $2.60 in non-state funds • Utah Educational Savings Plan is one of only four 529 plans to receive Morningstar Gold Rating
  39. 39. UESP Rated a Gold 529 Plan by Morningstar® “[UESP] continues to be among the leaders in reducing costs. . . . The plan’s flexible suite of investments and low costs continue to earn it a Gold rating.” Morningstar Analyst Kathryn Spica, CFA “Morningstar Names Best 529 College-Savings Plans for 2013,” October 2013 Open a UESP account and begin saving today. Saving for your loved one’s higher education is a good way to inspire their future. When you save with the Utah Educational Savings Plan, you help make that future possible. • Free to open an account • No minimum or ongoing contribution requirements • Federal and Utah state tax advantages A nonprofit 529 college savings program 800.418.2551 | uesp.org Read the Program Description for more information and consider all investment objectives, risks, charges, and expenses before investing. Call 800.418.2551 for a copy of the Program Description or visit uesp.org. Investments are not guaranteed by UESP, the Utah State Board of Regents, UHEAA, or any other state or federal agency. However, Federal Deposit Insurance Corporation (FDIC) insurance is provided for the FDIC-insured savings account. Please read the Program Description to learn about the FDIC-insured savings account. Your investment could lose value. Non-Utah taxpayers and residents: You should determine whether the state in which you or your beneficiary pay taxes or live offers a 529 plan that provides state tax or other benefits not otherwise available to you by investing in UESP. You should consider such state tax treatment and benefits, if any, before investing in UESP.
  40. 40. work Salt Lake Chamber Utah’s voice for business MISSION STATEMENT We stand as the voice of business, we support our members’ success and we champion community prosperity. THE VOICE OF BUSINESS As the state’s largest and longest-serving business association, the Salt Lake Chamber provides a new kind of business leadership on a statewide level through a blend of collaboration, advocacy and service. We aim to create an environment built for economic success, now and in the future. We continue to enhance business-strengthening programs to make membership in the Chamber more valuable, and to help us achieve our mission. We fight for a greater investment in Utah’s future workforce through the Prosperity 2020 movement (see page 44). We help to strengthen Utah’s health system, sustain investment in transportation and enhance community prosperity through innovation. The Chamber will continue to provide leadership on the issues facing our state—to serve the business community as well as Utah citizens. Thanks to the Chamber and its partners’ work in securing good business policy, Utah is one of the best states to start a business, expand a business or simply to do business. Learn more about the Chamber at SLChamber.com We support policies that help businesses thrive as “The Voice of Business” in Utah. CHAMBER FAST FACTS More than 7,850 member businesses 219 businesses have been members 25+ years 9 International Chamber Agreements 79 percent of members are small businesses Hosts more than 150 events and seminars per year Strategic Partners: Downtown Alliance & World Trade Center Utah 48 LIFE IN UTAH 2014 | www.SLCHAMBER.com Images courtesy of the Salt Lake Chamber of Commerce Members span all 29 Utah counties, 13 states and into Canada
  41. 41. What exactly will an educated, well-trained workforce do for Utah’s economy? www.slcc.edu The benefits of a top-notch workforce are obvious. Besides providing thousands of educated employees, here’s what else Salt Lake Community College does to support Utah’s thriving economy: Education: With 120 areas of study available at 13 locations, including online courses, SLCC offers flexible schedules six days a week, and degrees that are fully transferable to Utah’s four-year schools. Business Resources: SLCC offers a wide range of services and support to the business community through on-site internal resources such as the Global Business Center, the Goldman Sachs 10,000 Small Businesses program, the Miller Business Innovation Center, and the Salt Lake Region Small Business Development Center. Workforce Training: SLCC has programs available through Corporate Solutions to help improve employee efficiency and strengthen recruiting and retraining. Training can be customized to meet the needs of a global workforce. Education, resources and training–that’s how SLCC helps Utah’s workforce and economic development stay “a step ahead.” AA/EO INSTITUTION
  42. 42. Images courtesy of World Trade Center Utah and World Bank Group work LEADING THE NATION IN EXPORT GROWTH Utah is the only state to increase international exports for 10 years in a row. 2010: $13.8 billion 2011: $18.9 billion 2012: $19.2 billion More than 100,000 Utah jobs are directly related to trade. Going Global International expansion opportunities UTAH’S PRIMARY EXPORTS • Metal manufactures • Computer and electronic products • Chemicals • Food • Transportation equipment C ompeting in a global economy has become a necessity, both as a business and as a state. Utah is certainly one of the brightest stars on the flag when it comes to export growth. Over the past decade, Utah continues to emerge as a premier global business destination despite being a landlocked state. Small business owners are encouraged to build their customer base, not just within the state or country, but outside of the U.S. From 2008 to 2012, Utah’s exports grew by 85.1 percent, much higher than the U.S. average of 20.1 percent. More than 2,800 Utah businesses have customers in more than 195 countries, exporting a diverse range of products including medical devices, outdoor recreation gear and aerospace composites. As the statewide voice of international business, World Trade Center Utah (WTCU) facilitates economic growth through increased exports and international awareness for Utah’s companies. As the Salt Lake Chamber’s strategic partner, the WTCU specializes in helping Utah businesses enter profitable global markets. Not only do international exports bring revenue to Utah businesses, they also create and support more Utah jobs. The State also works to bring business to Utah and take Utah business to other countries. This past year, Utah’s International Trade and Diplomacy Office led eight trade missions to various countries, along with assisting more than 700 companies through individual meetings, and holding more than 50 training events that educated 1,500 individuals on international trade issues. Learn more about international trade and business at WTCUtah.com 50 LIFE IN UTAH 2014 | www.SLCHAMBER.com
  43. 43. twitter.com/uwsl facebook.com/uwsaltlake Instagram uwslhub.org youtube.com/unitedwaysl text OPTMBL to 50555
  44. 44. Image courtesy of GREENbike | SLC Bike Share work Coming to SLC on a business trip? Salt Lake City hosts a variety of national and international conventions, competitions and sporting events. Conventions such as the Outdoor Retailer Winter and Summer markets, which is the largest of its kind in the world, happen in the heart of downtown at the Salt Palace Convention Center. Salt Lake is home to the Tour of Utah, Salt Lake Comic Con and the prestigious Sundance Film Festival, attracting thousands of annual visitors. BEST WAY AROUND THE CITY: Ride TRAX from the airport straight into downtown in less than 20 minutes. Most everything you need can be found within or close by TRAX’s Free Fare Zone. From there you can GREENbike around town – even in a business suit or skirt. BEST HOTEL: Hotel Monaco, located on corner of Main Street and 200 South, is a short walk or bike ride to the Salt Palace. They even put a goldfish in your room so your business trip is a little bit less lonely. The street level of the hotel is home to one of SLC’s best restaurants, Bambara. BEST POWER BREAKFAST MEETING: Many business deals have been closed over seafood omelets at Market Street. BEST BUSINESS LUNCH: Caffé Molise, which is only a half block from the Salt Palace, has great food and an amazing patio if the weather cooperates. BEST SPOT FOR BUSINESS BEERS: Enjoy some local brews in a classic micro- 52 LIFE IN UTAH 2014 | www.SLCHAMBER.com brewery environment at Squatters, Red Rock Brewery and Desert Edge Brewery. BEST EXPENSE ACCOUNT DINNERS: Hit up Takashi or Naked Fish for your sushi needs. Copper Onion or Bistro 222 are the best in contemporary cuisine. Or try Tin Angel for something unexpected with a fun atmosphere. And if you forgot something at home, there’s world-class shopping just a short stroll away with the likes of City Creek (closed on Sundays) and The Gateway. If you feel like exploring, you will also find specialty stores and charming restaurants throughout the heart of downtown. Just hop on a GREENbike and go!
  45. 45. You don’t have to get to your destination in one giant leap. Explore how small steps can lead to success. © 2013 Ernst & Young LLP. All Rights Reserved. ED 0714. Visit capitalinsights.info.
  46. 46. Image courtesy of Goldman Sachs work Goldman Sachs Globally renowned investment firm growing and giving back in SLC F rom establishing a small presence in Utah in 2000, Goldman Sachs in Salt Lake City has grown to be the second largest office in the United States and the fourth largest in the world. Starting with only a couple hundred employees, the financial firm now has more than 1,700 employees in Salt Lake City and the momentum is expected to continue. “The Salt Lake City office is integral to the fabric of the firm, and has been an important location for Goldman Sachs,” said David Lang, head of Goldman Sachs’ Salt Lake City office. Thanks to a followthe-sun model, the Salt Lake City branch is a vital part of the firm’s global business as employees interact with office locations in other time zones. And from a business continuity perspective, the geographic diversity that Salt Lake brings to Goldman Sachs’ global footprint is very attractive. In 2013, the Goldman Sachs Salt Lake City branch was the very first office outside of the New York City headquarters to host the Goldman Sachs Annual Shareholders meeting. Lang said this was a great opportunity to highlight Utah and the Salt Lake City office. Lang clarified his firm’s commitment to Utah by saying, “This emphasizes the importance of the firm’s expanding presence in, and its commitment to, the region and its employees here.” To recruit talent, Goldman Sachs draws upon the local university crowd. “Goldman Sachs has long-standing relationships with the University of Utah and Brigham Young University, and actively recruits from 16 schools in the western United States,” Lang said. The number of interns and eventual permanent hires by Goldman Sachs from Utah’s schools continues to grow, indicating the state’s higher 54 education system is turning out skilled and educated individuals ready to work. One of the biggest reasons Goldman Sachs chose to expand in Salt Lake City was because of the strong talent and dedicated employees they attract, among other favorable factors. The educated workforce has been a significant key to Goldman Sachs’ success in Utah. The firm has also seen success in relocating employees from around the world, with a vast majority of their workers loving the experience of living and working in Utah. Along with the firm’s financial services, philanthropic work also has a considerable role in the Goldman Sachs company culture. From education, to nonprofit volunteering and small business counseling, Goldman Sachs provides many opportunities for communities, people and projects to succeed and grow. “Strong state and local relationships, which are reinforced by a shared commitment to charitable giving, have reinforced the firm’s commitment to the area and involvement in community growth and development initiatives in Utah,” Lang said. Here are a few examples: Through the Community TeamWorks Program, Goldman Sachs employees in Salt Lake City have contributed more than 27,500 hours to 534 projects for more than 85 local organizations in the Salt Lake City metropolitan area. Community TeamWorks Program is a global volunteer initiative through Goldman Sachs. As a financial institution, Goldman Sachs’ Urban Investment Group has committed more than $3.2 billion of the firm’s capital to underserved communities around the country, providing financing to various LIFE IN UTAH 2014 | www.SLCHAMBER.com important community projects around Salt Lake City, including the Utah Food Bank (Salt Lake City), the Utah Charter Academy (West Valley City), and Rendon Terrace, an affordable housing development for low-income senior citizens (Salt Lake City). Goldman Sachs also financed the nation’s first Social Impact Bond targeted to early education to expand a high-impact preschool program for disadvantaged children in Salt Lake City. In partnership with the Utah Governor’s Office of Economic Development, Salt Lake Community College and other community partners, Goldman Sachs launched its 10,000 Small Businesses program in Utah during the summer of 2012. Small businesses play a crucial role in building a strong economy, and Goldman Sachs recognizes that, offering this $500 million initiative to help spur small business and job growth across the nation. 10,000 Small Businesses provides small business owners with “greater access to business education, financial capital and business support services.” This is a scholarship program, meaning it’s free to small business owners who are admitted. By the end of 2013, more than 65 Utah small business owners have graduated from the program. It’s safe to say that the relationship between Utah and Goldman Sachs has grown to be a mutually beneficial one— one we hope will continue for many years to come. Founded in 1869, the Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base.
  47. 47. work Business thrives in Utah I t’s no secret that there’s a secret sauce when it comes to business in Utah. With a business-minded governor and the strong presence of the state chamber of commerce, the Salt Lake Chamber, business in the Beehive State is growing into a force to be reckoned with not only on a national level, but internationally as well. Utah’s economy is thriving with an estimated unemployment rate of 4.8 percent and 3.3 percent job growth as of December 2013. This year, Utah’s private sector is set to achieve the Utah Jobs Agenda goal of creating 150,000 jobs in five years - more than a year ahead of schedule. Since the challenge, Pepperidge Farms, Exelis, Fresenius, Goldman Sachs, Rio Tinto, eBay, Adobe, Boeing, IM Flash, EMC Corporation, Edwards Lifesciences, Qualtrics and others have expanded, thanks in part to the state’s worthwhile incentives and sensible business regulatory environment. While we encourage new business to relocate in Utah, we also promote existing business through in-state programs. Our Business Resource Centers offer a convenient “one stop shop” for addressing the needs of new or growing businesses, and the Procurement Technical Assistance Centers provide assistance to small and mid-sized Utah companies in obtaining government contracts. We have also offered for the past three years an online health insurance marketplace, called Avenue H, geared to help small businesses control costs and give employees access to health care coverage. We propel rural development, offering grants and incentives to companies that locate their business in small communities. We also help rurally disadvantaged communities, assisting them to accomplish economic development projects. While maintaining Utah’s current economy, we also look to the future. Utah works to build its 660,000 K-12 future workforce to ensure our long-term competitiveness. One example is the Science, Technology, Engineering and Math (STEM) Action Center, a program that drives research and implementation of STEM education best practices for K-12 students. The STEM Action Center LOOK WHO’S GROWING COMPANY LOCATION INCENTED JOBS Boeing Salt Lake City 104 GAF Cedar City 50 Qualtrics Provo 1,080 Workday Salt Lake City 500 Instructure, Inc. Cottonwood Heights 655 DoTerra Draper 330 1-800 Contacts Draper 654 Solarwinds Draper 1,040 SyberJet Cedar City 240 Metal Craft Cedar City 960 HireVue Salt Lake City 540 56 LIFE IN UTAH 2014 | www.SLCHAMBER.com supports the Governor’s education plan and the Prosperity 2020 initiative (see page 44). The country and the world are taking note of Utah’s success; the critics rave about Utah—just take a look at our accolades. ACCOLADES Utah #1 for 2011, 2012, 2013 “Best State For Business And Careers” – Forbes Magazine Utah #1 “A Best– Managed State” – Governing Magazine Utah #1 “Top 10 Pro–Business States” – Pollina Corporate Real Estate Inc., August 2013 Utah #1 “Utah top state for volunteerism seven years in a row” – Volunteering and Civic Life in America Report, December 2012 Utah #1 “United States Small Business Friendliness” – Thumbtack, April 2013 Utah #4 “10 Best States for Starting a Business” – CNBC, May 2013 Utah #5 “Fastest Internet in the West” – Utah Broadband Project, July 2013
  48. 48. You have dreams. We have money. WELCOME TO A BETTER WAY HOME. Home is a place where you should always feel comfortable and happy. At Zions Bank, we are committed to helping you find that sense of well-being. We have home loan* products that are specialized for business owners, executives and professionals.Visit Zions Bank and let one of our experts help get you on your path to comfort. For home financing options, go to zionsbank.com/homefinancing, call 801-316-1600, or visit your nearest financial center. *Loans subject to credit and collateral approval. Restrictions apply. See your local financial center for details.
  49. 49. work T University of Utah: an innovation, entrepreneurship and commercialization leader Pablo Johnson is a medical student at the University of Utah and one of the founders of Troclosure. The team invented and is refining a tool for suturing the hole created during laparoscopic surgery. he University of Utah is the leading research and education institution for the state of Utah – but it does a lot more than educate the next generation of science and business leaders. It has also been consistently ranked as one of the top universities in the nation for faculty commercialization and student entrepreneurship. Faculty members at the U of U conduct research in all major areas of study, and they invent hundreds of new devices, processes and techniques every year. Many of these inventions lead to patents, new companies or licenses with existing companies. Driving these achievements are experienced faculty entrepreneurs serving as mentors for emerging entrepreneurs. Students also play a key role by serving as research assistants, conducting original research and launching companies. The result is a thriving innovation ecosystem that continues to attract national attention. Learn more at TechVentures.utah.edu INNOVATION AND COMMERCIALIZATION AT THE UNIVERSITY OF UTAH IN FY 2013 $361 million research awards 167 faculty members disclosed an invention 212 inventions disclosed 88 U.S. patents issued 89 license agreements U.S. PATENTS BY TYPE AT THE UNIVERSITY OF UTAH IN FY 2013 21 medical devices 21 engineering and manufacturing Power Practical was founded by two students in the department of material science and engineering at the University of Utah. Their leading product, the Power Pot, is a portable cook pot that turns heat and water into electricity for charging cell phones and other devices. 14 therapeutics, pharmaceuticals and drug delivery 12 diagnostics 6 physical sciences 14 other 58 LIFE IN UTAH 2014 | www.SLCHAMBER.com Images courtesy of the University of Utah 17 startup companies
  50. 50. work USTAR: powering Utah T he Utah Science Technology and Research initiative (USTAR) is a long-term, state-funded investment to strengthen Utah’s “knowledge economy,” based on three program areas. The initiative invests in world-class innovation teams with researchers recruited from around the globe. Those researchers are employed in innovation teams located in research facilities at the University of Utah and Utah State University. Based on best practices of other states in technology economic development, USTAR has been built on unique Utah strengths to forge a new national benchmark in innovation and growth. In addition, USTAR operates outreach teams across the state to help entrepreneurs and existing companies commercialize new technology and access the resources available at higher education institutions. engineers, Reaveley Engineers + Associates, also received the 2013 Engineering Excellence Grand Award from the American Council of Engineering Companies. RESEARCH As part of building Utah’s “knowledge economy,” USTAR has provided funding to assist both the U of U and USU in recruiting 50 catalyst-type researchers from some of the nation’s top universities. These researchers are at the forefront of their fields and were recruited from universities such as MIT, Harvard University, Case Western and UCLA. U of U USTAR researcher Deborah Yurgelun-Todd said, “One of the really exciting things about the USTAR initiative for us was the ability to take our research to another level, to commercialize and see its implementation.” “Since its inception in 2006, USTAR has enhanced Utah’s research capacity by skillfully connecting private, public and higher education assets in the state,” said Dan Berglund, State Science and Technology Institute (SSTI) president & CEO. USTAR was honored with the Expanding Research Capacity Award at the 2013 SSTI Excellence in Technology Based Economic Development Awards Ceremony. “Through USTAR’s efforts, the state has recruited numerous world-class researchers, increased R&D funding attraction and spurred economic growth.” USTAR BUILDINGS – A LEED STANDARD USTAR sets the gold standard in sustainable building. The 118,000 square-foot USTAR BioInnovations Center at USU was dedicated in October 2010 and received LEED Gold certification, the first on the Logan campus, a year later. Image courtesy of the University of Utah “As a LEED Gold-certified building, the USTAR BioInnovations Center is among the most sustainable, energy-efficient research centers in the nation,” said Robert T. Behunin, vice president for commercialization and regional development at USU. “The USTAR Center is a tremendous asset for researchers. The state-ofthe-art capabilities within the facility have allowed us to leverage our resources to build important partnerships with industry.” The U of U James L. Sorenson Molecular Biotechnology Building, a USTAR Innovation Center dedicated in April 2012 - received LEED Gold certification in September 2013. “We’re proud to continue our commitment to a sustainable campus,” said U of U President David W. Pershing. “With its water-wise landscaping, recycled materials and energy-efficient lab equipment, this building is truly a model for the future of sustainable research buildings.” The $133 million construction project has also been recognized by ENR Mountain States with a 2012 Award of Merit, as well as 2012 Excellence in Concrete Award from the American Concrete Institute Intermountain Chapter. The building’s structural 60 LIFE IN UTAH 2014 | www.SLCHAMBER.com Student’s in Randy Lewis’ lab work to spin synthetic spider silk. In an effort to produce even more strength and flexibility within the synthetic spider silk strands, Lewis now focuses his work on the creation of new methods for spinning and processing the silk strands.
  51. 51. Healthcare Answers 1 in 3 American Lives Impacted Together, We’re Transforming Healthcarewww.VeriskHealth.com Join one of the fastest-growing healthcare IT companies. With 10 of the 30 top-growing occupations related to healthcare, Verisk Health provides a platform to advance in a leading industry. We are changing the way healthcare is administered and delivered in the United States by providing data services, analytics and advanced technology to answer the healthcare industry’s most complex challenges. Learn about our generous benefits package and Utah-based opportunities at www.veriskhealth.com/careers Data. Analytics. Answers.
  52. 52. work Health care in Utah U tah’s approach to health care is unique among the states when it comes to the Affordable Care Act. While the other 49 states chose one of the federal government’s three options — statebased marketplace, federally-facilitated marketplace, or state-federal partnership — Utah blazed its own trail. Governor Gary R. Herbert hammered out a deal with the Department of Health and Human Services that has the federal government running an exchange for individuals, while the state continues to operate its small business marketplace. The state’s marketplace, Avenue H, has been in operation since 2010. It works with small businesses that have 1-50 employees to give employees a say in their health care and employers some cost savings. Employers that participate on Avenue H choose a set dollar amount (rather than a percentage) to contribute to their employees, then the employees use those funds to shop on Avenue H for a plan that fits their needs. Employees can choose from among 70 plans offered by three insurers: Arches Health Plans, SelectHealth and UnitedHealth Care. Together, these three insurers reach all areas of the state, so employers on Avenue H have health care options no matter where they live. In early November 2013, Avenue H opened its consumer enrollment site. Employers can go to AvenueH.com and get a quote for their group’s 62 coverage, then enroll online with or without help from an insurance broker. People who are self-employed, unemployed or eligible for Medicaid are all able to sign up for individual insurance through the federal Health Insurance Marketplace. Even though it’s called “individual,” it also includes families. Utahns are also able to get insured through the traditional market, just as they always have. There are numerous insurance companies that are active in Utah, as well as hundreds of insurance brokers who can direct people to the right resources. For more information, please visit HealthCare.gov or AvenueH.com LIFE IN UTAH 2014 | www.SLCHAMBER.com
  53. 53. Love comes to comes to the rescue of children every day. every day. At Shriners Hospitals for Children—Salt Lake City, our mission is At Shriners Hospitals for Children—Salt Lake City, our missionit simple: deliver world-class medical care to children who need is simple: deliver world-class medical afford itchildren who need it most — whether their families can care to or not. most — whether their families can afford it or not. For 89 years we’ve specialized in helping children affected by For 89 years we’ve specialized in helping children affected and various orthopaedic conditions. While expertise, dedication by various orthopaedic conditions. While expertise, dedication and generosity make it possible, we believe our hospital is fueled by generosity make it child at everybelieve our hospitalthefueled by love, helping each possible, we step as they make is journey love, helping each to kids. every step as they make the journey from patients back child at from patients back to kids. To refer a child for care call (801) 536-3500 or (800) 314-4283. To refer a child for care call (801) 536-3500 or (800) 314-4283. Salt Lake City Salt Lake City shrinershospitalsforchildren.org/saltlakecity shrinershospitalsforchildren.org/saltlakecity Fairfax Road at Virginia Street, Salt Lake City, UT 84103 Fairfax Road at Virginia Street, Salt Lake City, UT 84103
  54. 54. Commercial Real Estate in Utah O ver the last several years, Utah has outperformed a sluggish national economy. Consequently, the state’s commercial real estate market has maintained above average performance in most areas. Looking ahead, Utah’s stable, business-friendly environment will attract new companies and foster the expansion of those already in Utah. OFFICE While job creation remains positive in office-using sectors, trends toward efficiency will continue to influence office markets. Strategies that allow companies to use space more efficiently are gaining traction and attention as a cost-saving measure. New and more efficient work space strategies are in turn redefining the relationship between broader economic growth and how real estate markets respond to it. Looking ahead, job growth in office-using sectors is expected to remain positive, and overall the office market is expected to continue improving along with the area’s economy. INDUSTRIAL With low energy, land, and labor costs, as well as prime intermodal access to the western United States, Salt Lake County is an 64 attractive location for industrial operations of all types. An increase in developers new to Salt Lake has spurred competition for industrial product and land. Market indicators from the past few years consistently show steady and above-average performance, particularly in the area of new construction. Of the 1.4 million sq. ft. of speculative construction completed in 2013, 70 percent was pre-leased. Roughly 1.5 million sq. ft. of product currently under construction is slated to be completed before year-end 2014, and another 1.6 million sq. ft. is estimated to break ground in the near-term. Overall, with increased activity and continued expansion, 2014 is expected to be a good year for industrial real estate in Salt Lake. RETAIL Salt Lake’s retail market was characterized by steadily increasing demand during 2013, with food services being the most active segment. Increased competition for prime retail space has motivated developers to maximize use of retail pads, which have traditionally been limited to one tenant. Due to the significant amount of newly completed retail space over the past two years, new construction is expected to slow, with the exception of infill construction LIFE IN UTAH 2014 | www.SLCHAMBER.com and redevelopment. However, with a strong local economy and increasing demand, the Salt Lake retail market is expected to perform well during 2014. CAPITAL MARKETS General conditions continue to improve in the investment market with lending standards loosening somewhat. Both investors and lenders remain prudent; however, lenders are planning on another active year in 2014 as commercial real estate remains an attractive investment. Despite potential interest rate changes, overall capital markets are healthy and expected to remain so through 2014. OUTLOOK During the coming year, Utah and Salt Lake County will experience moderate growth. Positive attributes such as a favorable demographic profile and particularly dynamic sectors, such as tech, will continue to have a positive impact. As such, continued improvement and above average performance will be reflected in area commercial real estate markets. Excerpts for this article taken from the 2013 Fall Economic Outlook produced by CBRE in partnership with the Salt Lake Chamber. Image by Kyle Jenkins courtesy of Summit Sotheby’s Realty work
  55. 55. “The way a team plays as a whole determines its success. You may have the greatest bunch of individual stars in the world, but if they don’t play together, the club won’t be worth a dime.” —Babe Ruth Thank you, Utah, for being the best playing field a team could ever have. At CBRE, we bring together the most comprehensive service offering, strongest brand and most talented real estate professionals in Salt Lake City and around the world. For one reason alone—to best serve our clients. Now that’s teamwork. #1 in real estate services worldwide www.cbre.com/slc +1 801 869 8000
  56. 56. play Salt Lake City Capital of Cuisine Dine O’ Round at Tin Angel Cafe image by Margie Richlen, courtesy of Downtown Alliance; Dine O’ Round at Squatters image by Doug Barnes, courtesy of Downtown Alliance SALT LAKE CITY: THE CAPITAL OF CUISINE Over the past decade, Salt Lake City has cultivated a number of quality restaurants with varying cuisines, from locally produced fare to imported chefs from around the world. From authentic Italian at Valter’s, to Mexican staple Red Iguana, to the Taste of India, to tapas from Eva, to sushi at Takashi, to locally sourced favorites such as Pago, Copper Onion and beyond, you can discover a wide array of restaurants to tickle your taste buds. If you enjoy fresh seafood and great steaks, the various restaurants operated by Gastronomy Inc., are great options: Market Street Grill, Market Street Broiler, Market Street Oyster Bar and The New Yorker. Barbecue is well-loved among Utahns, and Pat’s Barbecue is a good choice for the slow-cooked barbecue flavor. Known for its historic atmosphere, Pallet provides an unexpectedly delicious twist on American cuisine. For the best brewpub in Utah, you’ll want to hit up Squatters Pub. With award-winning homemade brews (even organic!), great burgers and a relaxed environment, Squatters is a staple in downtown Salt Lake City. Red Rock and Uinta Brewing are other favorite local brewers with restaurants. See Downtownslc.org/eatslc/nightlife-restaurant-map to track down even more delectable dining options in Salt Lake City. HEADING OUT But the culinary antics don’t end in Salt Lake City! Up Emigration Canyon (only 10 minutes from downtown), you’ll find Ruth’s Diner—a local favorite since the 1930’s. A little further south in Millcreek Canyon, Log Haven enchants patrons with exquisite scenery and award-winning New American cuisine. Some of the best Chinese can be found at Mandarin in Bountiful. For exquisite French fare, La Caille in Cottonwood Heights will transport you straight into a classic French novel. In fine dining, The Mariposa at Deer Valley is a must during 66 LIFE IN UTAH 2014 | www.SLCHAMBER.com winter. In the mountain town of Park City, the High West Distillery & Saloon comes highly recommended for dinner and drinks. In the good ol’ South, you can enjoy award-winning gourmet cuisine at Camille’s Sidewalk Café in St. George. The Painted Pony is also on old favorite down there, and Hell’s Backbone Grill in Boulder serves food that also benefits the world. DINE AROUND WITH DINE O’ ROUND Pull up a chair to one of the most anticipated dining events of the year, the Downtown Dine O’ Round, a two-week event where dozens of restaurants in downtown Salt Lake City offer multi-course lunches and dinners at great prices. This is the best opportunity to sample some of the region’s best dining.
  57. 57. SHINES Discover more than 100 stores and restaurants lining a sparkling creek, all under a fully retractable glass skylight. It’s always beautiful shopping weather at City Creek Center. FIND YOUR STYLE NORDSTROM ROlex BOuTIque O.C. TANNeR BOSS HuGO BOSS FRee PeOPle BROOKS BROTHeRS MICHAel KORS ANTHROPOlOGIe ANN TAYlOR MACY’S TRue RelIGION BRAND JeANS COACH WeST elM ATHleTA MICROSOFT APPle TREAT YOURSELF THe CHeeSeCAKe FACTORY TexAS De BRAZIl CHuRRASCARIA Blue leMON BRIO TuSCAN GRIlle JOHNNY ROCKeTS SPECIAL OFFERS FOR TRAvELERS GeT A COMPlIMeNTARY PASSPORT TO SHOPPING AT THe CuSTOMeR SeRVICe DeSK. 50 S. Main Street Downtown Salt lake City SHOPCITYCREEKCENTER.COM
  58. 58. play Nightlife & Entertainment CLUBS & BARS Bar-X is a popular spot for fresh, handcrafted cocktails and its speakeasy ambience. Other downtown hot bars and clubs for libations include The Red Door, The Beerhive, Gracie’s, and the Tavernacle, which is also home to the best karaoke in town! It’s also worth noting that The Bayou boasts the largest collection of beers in the state.  If dancing is your scene, Area 91 has the biggest dance floor in Salt Lake City and hosts themed dance nights throughout the week. Plus it’s friendly to those under 21 with separate dance floors. Habits is another great place to boogie and chill with friends. For a good sports bar, Lumpy’s Downtown and the Fiddler’s Elbow can do no wrong, with TV screens in almost every booth so you won’t have to miss any game for the sake of another. If you’re a Real Salt Lake fan, Dick ‘n Dixie’s is a good place to catch the match with like-minded fans. Squatters Pub is a local favorite for homemade brews, as is Red Rock Brewing Co. Other crowd-pleasing homemade libations include High West Whiskey and Five Wives Vodka. In the works is a brand new kind of nightclub downtown. It will be a part of a new multi-use building called Air Center, which will also be home to a restaurant, office space and more. Inspired by the nightlife of larger cities such as New York, Las Vegas, Los Angeles, Atlanta and Toronto, the new club is slated to open in winter 2014. 68 LIFE IN UTAH 2014 | www.SLCHAMBER.com Night owls unite! Whether it’s music, clubbing or a chill lounge, there’s nightlife in Utah that you may not expect. THE MUSIC SCENE Thanks to venues like EnergySolutions Arena, USANA Amphitheatre, The Depot and In the Venue downtown, as well as the Maverik Center, you can almost always find music to jam out to. When the big-name artists come to town, people come out in droves, making downtown the place to be.  We also have a bumping local music scene. Some of the best places to catch local artists include Kilby Court, The Urban Lounge, The Garage, The State Room, Liquid Joe’s, and most bars and pubs on Main Street in Park City.  One of the hottest music events in Salt Lake City is the Twilight Concert Series that features local, nationally and internationally known music artists. The series runs on Thursdays during the summer, and brings upbeat crowds to Pioneer Park. PERFORMING ARTS Talent is something that Utah is not lacking. From community theaters around the state to the pros and even semi-pro, there’s no shortage of stages and actors to fill them. Utah is also home to some amazing classical music, with year-round performances from the likes of Utah Symphony | Utah Opera and The Mormon Tabernacle Choir, a world-renowned choral group which serenades hundreds of thousands each year. You haven’t heard beautiful music until you’ve heard these Utah gems.

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