The majority of the country is struggling in a weak economic climate and is working hard simply aiming to get by. There are pockets where the market has made it through and weathered the storm fairly well. In Utah, businesses have continued to experience progress, especially in the technological sectors. Ranked as the Happiest State and one of the best areas to live by Gallup and Forbes in 2009, Utah has been able to hold the unemployment significantly lower than the rest of the nation.

They reached this kind of growth and lower unemployment because of many factors including government and technology sector partnerships and a bright and maturing young workforce. Through the combined relationships, the state can entice businesses that are looking for a pool of hi-tech employees.

In 2002, various Utah companies and the state authorities started setting up several programs to attract the type of businesses that would be advantageous for the long term within the hi-tech industry. With the higher investment of the state, investment capital firms began to look at the advantages of committing to software and technology companies in the area.

Utah continues to offer a place that is most likely the new Silicon Valley for opportunities for the hi-tech industry. A typical employee at the age of 28 years old offers the incoming endeavors the ability to find very skilled workers with familiarity with the most recent technology and techniques used by the industry.

Not only are Utah companies enjoying the benefits offered by the state, their personnel can live in a temperate environment that offers more job opportunities and also a lot of cultural scenes as well. Sundance Film Festival occurs yearly, bringing in many people who wish to experience something unique, and this is just a simple example of what is available nearby. The state is full of ski resorts as well as other outdoor recreation to promote an active and healthy lifestyle.

Other well-known destinations include things like the zoos and museums, including one of the largest archaeological digs in the United States. Life within a state that encourages technology as well as recreation and family friendly points of interest draws a lot of the best young minds of the country. This will help to perpetuate the growth of job opportunities as well as healthy living.

When the state of Utah collaborated with some of the main Utah companies in order to increase development in high technology sectors, they made a significant decision. Promoting education as well as the long term technological force would not just give companies an advantage, but also the citizens would receive the benefits of a state that will weather the recession. When venture capitalists raised financing, the system began to self-perpetuate.

Because the government wouldn’t need to “bail-out” businesses that have been operating in the state, a lot of revenue has been put towards schooling, recreation, and expanding the already thriving industries that exist. A lot of states will need to fight to draw in outside investments. Utah boasts over 5300 hi-tech and software companies within their border, and there are even more on the way.