Utah’s business landscape is rich with professionals who have le...Read More
Social Media and Employers: Friends or Enemies?
The Case for HSAs
Time to Show Up
Make a Move
In the Lab
Rent to Own
Back from the Dead
A Breath of Fresh Air
Travel & Tourism
Utah’s technology industry — businesses classified by the U.S. Census Bureau as part of either the IT industry or clean tech industry — grew by 2.4 percent from September 2011 to September 2012. That’s according to data released last week by the Utah Department of Workforce Services (DWS) and compiled by the Utah Technology Council.
The total number of Utah-based businesses classified by the U.S. Census Bureau as part of the IT industry increased from 4,020 to 4,201 in that period. Meanwhile, the number of businesses in the clean tech industry decreased from 616 to 544. The increase in IT companies was enough to make up for that decrease and result in a total increase of 109 companies.
The most significant gains came in data processing, hosting and related services, which grew by just over 130 percent, increasing from 93 companies to 216. Internet publishing and broadcasting and web search portal companies increased by nearly 80 percent, from 93 to 167, and the “other information services” category grew by 115 percent, from 26 companies to 56.
The most significant decreases came in the category “regulation and administration of communications, electric, gas and other utilities,” which decreased by 82 percent, from 51 companies to nine. Administration of air and water resource and solid waste management programs went from 42 to 17 companies, a decrease of about 60 percent.
Click here for information on all 60 categories, compiled by the Utah Technology Council.
Just over 55 percent of all technology and clean tech companies in are in Salt Lake County, an increase over 2011, when 50.2 percent were in Salt Lake County. Another 19.6 percent of the companies are in Utah County, 7.2 percent are in Davis County and the remaining portion in other counties.
Click here for more specific information on tech company locations by county.
Technology jobs made up 5.5 percent of all non-agriculture workers in Utah in 2011, though they accounted for 9 percent of all non-agriculture wages. That’s due to the fact that the average technology worker was paid $65,145 per year, 64 percent more than the average non-tech worker. For more information on tech worker wages click here.