Wednesday, May 19, 2010

Technology sector growing in Utah, trade association says

The Utah Technology Council said companies involved in the technology and life sciences sectors are continuing to grow at a rate higher than the national average.

Data from the Bureau of Labor Statistics Quarterly Census of Employment and Wages show the number of technology and life science establishments in Utah grew from 5,628 to 5,816 from 2007 to 2008 — up 3.34 percent, said Richard Nelson, UTC president and chief executive officer.

"Utah is one of the healthiest states in the U.S. economy," he told the Deseret News.

The growth places Utah third among the neighboring states of Oregon, Colorado, Arizona, Washington and California. By comparison, the U.S. growth rate was 3.11 percent, Nelson said.