- Posted by WTA Secretary
- On June 1, 2016
- 0 Comments
On March 15, 2016, Lieutenant Governor Cox spoke to the World Trade Association about the 2016 Outlook on International Business in the state of Utah.
The event was held in the offices of Kirton McConkie with the pictures
que backdrop of the Wasatch Front visible through the windows behind the Lieutenant Governor.
Governor Cox began with a discussion of the strengths that Utah offers to businesses. His list of strengths included:
1. Language capabilities of the work force.
2. Tax policies
3. Natural beauty making a great place for employees to live.
4. The people that live in Utah make it a great place to live and work.
5. Utahns lead the U.S. in charitable giving and volunteerism. Utahns volunteer 90 hours per year, which is much higher than the national average of 30 hours per year.
He reaffirmed that Utah has the #1 economy in the U.S. with 194 firms from 30 countries doing business here. With an unemployment rate of 3.5% other states are jealous of Utah.
Utah has the 3rd most diverse economy in the U.S. and has growth across sectors.
When asked where we might be lacking in the state he responded that the largest gap is on the technology front. We have jobs to fill but not enough talent. Utah needs more STEM education as well as connecting students earlier with business.
In the end, the food and the discussion were a great way to kick off the year’s events with the World Trade Association.