Why Manufacturing Companies Need Utah on Their Radar
Friday, October 13, 2017
It should be no surprise that Utah—known as the “beehive state”—is busy climbing the ranks as one of the best states for manufacturing. Utah consistently attracts business expansions due to its busy-bee workforce and quality of life. If your company is expanding or looking to relocate, Utah needs to be on your radar.
To put it simply, manufacturing drives Utah’s economy. Utah is one of the best states in the nation for manufacturing with an employee base of 190,000. According to the Bureau of Economic Analysis and the U.S. Census Bureau, Utah manufacturing output grew from less than $10 billion in 2000 to $17.47 billion in 2014. SmartAsset recently ranked the Ogden-Clearfield metro area as one of the top 10 "Best Places to Work in Manufacturing." Companies from Boeing to Autoliv have found success with their manufacturing facilities in Utah.
In addition, Utah has a young and educated workforce with one of the highest population growth rates in the nation. Utah’s manufacturing and distribution industry has experienced employment growth of over 11 percent in the past five years. The median age in Utah is 30.7 while the average wage is $43,550, which is 10 percent lower than the nation. Utah’s workforce is young, bright and ready to get to work. In fact, there are over 210,000 students enrolled in higher education across 12 major colleges and universities. Utah’s abundant applied technology colleges ensure that the demand for employees will be met as distribution grows over the next few years. Finally, Utah has the third lowest unionization rate in the country at 3.9 percent as a right-to-work state.