Lg open west conference 5.2014 (1)

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Lt. Governor Spencer J. Cox presented a highly engaging presentation at OpenWest conference in front of a standing room only crowd. These formal slides contain great information on the state of technology in Utah. Worth your time

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Lg open west conference 5.2014 (1)

  1. 1. OCTOBER 1, 2013 Open West Developer Conference May 8, 2014 Spencer J. Cox Lt. Governor
  2. 2. Utah will lead the nation as the best performing economy and be recognized as a premier global business destination. 1 2 3 4 Strengthen and Grow Existing Utah Businesses, Both Urban and Rural Increase Innovation, Entrepreneurship & Investment Increase National and International Business Prioritize Education to Develop the Workforce of the Future Governor’s Vision for the State
  3. 3. . Source: Utah DWS, GEOD Analysis of Utah DWS data Aerospace & Defense 16% Energy 10% Life Sciences 15% Financial Services 26% Software / IT 29% Outdoor Recreation 4% 47,320 26,499 18,611 28,876 6,208 51,451 Utah’s six strategic industry clusters Total Clusters Jobs: 178,965 Utah Clusters
  4. 4. IT/Software Cluster Scorecard – Q1 2013 . 3,429 3,527 3,679 3,805 4,111 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 2008 2009 2010 2011 2012 Establishment Count UT IT 5.1% 5.8% 6.5% 1.2% 2.8% 3.2% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 2010 2011 2012 Jobs Growth Rates UT IT UT $69,685 $66,771 $76,052 $38,829 $39,662 $39,264 $0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 2010 2011 2012 Average Wage UT IT UT Total Top 5 States by Concentration Rank State LQ 1st Idaho 2.6 2nd Vermont 1.9 3rd Washington 1.8 4th New Hampshire 1.7 5th Virginia 1.7 9th Utah 1.4 Source: Utah DWS, BLS, Census Bureau Key Stats Jobs • Utah IT Jobs: 51,451 • 4.0% of Utah Total Jobs Wages • IT Avg. Wage: $76,052 • 193% of Utah Avg. Wage Locations / Businesses • Establishments: 4,111 California , 15.1% Texas, 8.2% New York, 5.7% Virginia, 4.8% Florida , 4.4% Washington, 3.9% Massachusetts , 3.8% Illinois , 3.5% Georgia, 3.1% Pennsylvania, 3.0% Utah, 1.4% Rank: 24th All Other States, 43.1% Market Share
  5. 5. COMPANY JOBS 1 EBAY 1,798 2 IM FLASH 1,627 3 ACS COMMERCIAL SOLUTIONS 1,049 4 CLEAR LINK 1,042 5 ADOBE SYSTEMS 885 6 OVERSTOCK.COM 878 7 ACS BUSINESS PROCESS SOLUTIONS 754 8 UNITED HEALTHCARE 660 9 QWEST 641 10 BLUEHOST 622 11 MYFAMILY.COM 615 12 NOVELL 583 13 EMC CORPORATION 499 14 FAIRCHILD SEMICONDUCTOR 448 15 XACTWARE 445 Utah Top Tech Companies
  6. 6. Recent jobs incentives
  7. 7. Accolades • “Fastest Internet in the West” –Utah Broadband Project-July 2013 • What are the best cities for IT professionals when it comes to job satisfaction? Salt Lake City is #4 on the nationwide list produced by Glassdoor Employment. • Milken Institute State Technology and Science Index. Utah is #7 overall AND • #1 in the Technology Concentration and Dynamism Composite index
  8. 8. Governor’s Roundtable Challenges: 1) Finding talent within the state or recruiting from out of state 2) Education e.g. preparing children for STEM related jobs. Met with Software/IT CEO’s in Utah and discussed needs that state government could address
  9. 9. UofU Data Center Certification • College of Engineering received approval for its new undergraduate certificate program in data center engineering. • Designed to prepare students to work for companies & government organizations supporting data centers in Utah such as eBay, Oracle and Goldman Sachs.
  10. 10. Business Incubators Outlier Labs Startup Ogden
  11. 11. Technology Commercialization & Innovation Program (TCIP) TCIP 2013: $1.76 million awarded to 44 different applicants, 12 out of the 44 grants awarded were IT related
  12. 12. Newsletter Find out more about Utah’s current activity in the Software/IT industry by opting in to our Utah Talks Tech newsletter
  13. 13. Network Connection The image below shows the location of the larger networks that inter-connect with each other and serve individual, local ISP’s (Internet Service Providers) as clients. The local ISP’s connect to one of the larger networks and are then able to provide nationwide and worldwide connections. Salt Lake City is in a fortunate geographic location sitting astride the major east-west Internet corridor.
  14. 14. Silicon Slopes Utah has a long and distinguished history in the high-tech industry. Utah’s well-developed information technology industry includes such major employers as Intel, Iomega, IM Flash, Micron, Novell, L3 Communications, eBay, Oracle and Adobe, in addition to many co-location data centers to support smaller employers efforts in data in Utah.
  15. 15. Fiber Crossroads of the West Ancillary construction of the I-15 freeway just below the Adobe site that began in 1998 an instances where Utah exhibited historic plans for the future – while the freeway was being constructed a large, sophisticated piping system was laid down in anticipation for increased demand of fiber connectivity. The piping system provided a secure and efficient means to easily thread conduit under the freeway without a need for additional excavation. I-15 makes a natural path for one of the most essential fiber backbones of the western U.S. What was left was the digital crossroads of the west.
  16. 16. The IT “Pipeline” Technical colleges: • Bridgerland Applied Technology College • Dixie Applied Technology College • Mountainland Applied Technology College • Ogden-Weber Applied Technology College • Tooele Applied Technology College • Southwest Applied Technology College • Uintah Basin Applied Technology College • Davis Applied Technology College • Ameritech College ITT Technical Institute Utah Applied Technology Western Governors University
  17. 17. Program Examples
  18. 18. Program Examples
  19. 19. Program Examples
  20. 20. STEM: long-range pipeline of talent The STEM Action Center is Utah’s leader in promoting science, technology, engineering and math through best practices that ensure collaboration between industry and education to ensure Utah’s long-term economic prosperity. STEM Action Center:
  21. 21. Engineering Initiative • Strengthen our premier engineering programs • Support technology & technician education • Strengthen collaboration & articulation among the nine statewide institutions To sustain Utah’s economic growth at the current rate:
  22. 22. Utah Data Center Strengths Strong Infrastructure • Utah has 20 centers in operation for regional and national companies including disaster recovery and hot back-up sites. • The Wasatch Front sits astride a major east-west line of the Internet “backbone,” with 10 major service providers delivering high-speed services to the area. • Isolated geographically from both east and west coasts, Utah provides higher overall security and less vulnerability to attacks and natural disasters • Utah has an extremely low incidence of large-scale natural disasters, including tornados, hurricanes and floods. The Wasatch Front is located in Seismic Zone 3, which has a very low frequency of occurrence. • Utah is also recognized as one of the cheapest places for power and utilities in the Country. Key Rankings & Headlines Technology Related • Utah ranks 1st in the nation as a lead investor in technology • Utah ranks 1st as the most tech-savvy state in the nation for its progress in digital government. • Utah ranks 5th nationwide for its state technology and science overall index. The state ranks 1st in technology concentration and dynamism.
  23. 23. Utah Data Locations
  24. 24. Venture Capitalism and Private Equity VC/PE firms headquartered in Utah • Sorenson Capital • UV Partners • Signal Peak • Utah Fund of Funds • Park City Angels • $11.1 billion total deal flow • Venture capital/private equity climbing to $831 million • $10.1 billion in mergers and acquisitions VC/PE firms investing in Utah • Blackstone Capital Partners • Accel Partners • Sequoia Capital • Google Ventures • Intel Capital Global firms: • eBay • Google • Adobe • Microsoft • Intel
  25. 25. Total Members = 447 4,700 IT & CT Utah Companies
  26. 26. 31,405 31,060 25,868 25,445 24,840 >130,000
  27. 27. 27 May 8, 2014 Spencer J. Cox Lt. Governor

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