Lg open west conference 5.2014 (1)
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OCTOBER 1, 2013
Open West Developer Conference
May 8, 2014
Spencer J. CoxLt. Governor
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Utah will lead the nation as the best performing economy and be recognized as a premier global business destination.
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Strengthen and Grow Existing Utah Businesses, Both Urban and Rural
Increase Innovation, Entrepreneurship & Investment
Increase National andInternational Business
Prioritize Education to Develop the Workforce of the Future
Governor’s Vision for the State
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Source: Utah DWS, GEOD Analysis of Utah DWS data
Aerospace & De-fense16%Energy
10%
Life Sciences15%
Financial Services26%
Soft-ware /
IT29%
Outdoor Recreation
4%
47,320
26,499
18,61128,876
6,208
51,451Utah’s six strategic industry clusters
Total Clusters Jobs:
178,965
Utah Clusters
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IT/Software Cluster Scorecard – Q1 2013
.
2008 2009 2010 2011 20121,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
3,429 3,5273,679
3,8054,111
Establishment Count
UT IT
2010 2011 20120.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
5.1%5.8%
6.5%
1.2%
2.8%3.2%
Jobs Growth Rates
UT IT UT
2010 2011 2012$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
$80,000$69,685 $66,771
$76,052
$38,829 $39,662 $39,264
Average Wage
UT IT UT Total
Top 5 States by Concentration
Rank State LQ
1st Idaho 2.6
2nd Vermont 1.9
3rd Washington 1.8
4th New Hampshire 1.7
5th Virginia 1.7
9th Utah 1.4
Source: Utah DWS, BLS, Census Bureau
Key Stats
Jobs• Utah IT Jobs: 51,451• 4.0% of Utah Total Jobs
Wages• IT Avg. Wage: $76,052• 193% of Utah Avg. Wage
Locations / Businesses • Establishments: 4,111
California , 15.1%Texas, 8.2%
New York, 5.7%
Virginia, 4.8%
Florida , 4.4%
Washington, 3.9%
Massachusetts , 3.8%
Illinois , 3.5%
Georgia, 3.1%Pennsylvania, 3.0%
Utah, 1.4%Rank: 24th
All Other States, 43.1%
Market Share
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COMPANY JOBS1 EBAY 1,7982 IM FLASH 1,6273 ACS COMMERCIAL SOLUTIONS 1,0494 CLEAR LINK 1,0425 ADOBE SYSTEMS 8856 OVERSTOCK.COM 8787 ACS BUSINESS PROCESS SOLUTIONS 7548 UNITED HEALTHCARE 6609 QWEST 64110 BLUEHOST 62211 MYFAMILY.COM 61512 NOVELL 58313 EMC CORPORATION 49914 FAIRCHILD SEMICONDUCTOR 44815 XACTWARE 445
Utah Top Tech Companies
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Recent jobs incentives
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Accolades• “Fastest Internet in the West”
–Utah Broadband Project-July 2013
• What are the best cities for IT professionals when it comes to job satisfaction? Salt Lake City is #4 on the nationwide list produced by Glassdoor Employment.
• Milken Institute State Technology and Science Index. Utah is #7 overall AND
• #1 in the Technology Concentration and Dynamism Composite index
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Governor’s Roundtable
Challenges: 1) Finding talent within the state or
recruiting from out of state2) Education e.g. preparing children for
STEM related jobs.
Met with Software/IT CEO’s in Utah and discussed needs that state government could address
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UofU Data Center Certification
• College of Engineering received approval for its new undergraduate certificate program in data center engineering.
• Designed to prepare students to work for companies & government organizations supporting data centers in Utah such as eBay, Oracle and Goldman Sachs.
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Business Incubators
Outlier Labs
Startup Ogden
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Technology Commercialization & Innovation Program
(TCIP)
TCIP 2013: $1.76 million awarded to 44 different applicants, 12 out of the 44 grants awarded were IT related
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Newsletter
Find out more about Utah’s current activity in the Software/IT industry by opting in to our Utah Talks Tech newsletter
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Network Connection
The image below shows the location of the larger networks that inter-connect with each other and serve individual, local ISP’s (Internet Service Providers) as clients. The local ISP’s connect to one of the larger networks and are then able to provide nationwide and worldwide connections. Salt Lake City is in a fortunate geographic location sitting astride the major east-west Internet corridor.
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Silicon Slopes
Utah has a long and distinguished history in the high-tech industry. Utah’s well-developed information technology industry includes such major employers as Intel, Iomega, IM Flash, Micron, Novell, L3 Communications, eBay, Oracle and Adobe, in addition to many co-location data centers to support smaller employers efforts in data in Utah.
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Fiber Crossroads of the West
Ancillary construction of the I-15 freeway just below the Adobe site that began in 1998 an instances where Utah exhibited historic plans for the future – while the freeway was being constructed a large, sophisticated piping system was laid down in anticipation for increased demand of fiber connectivity. The piping system provided a secure and efficient means to easily thread conduit under the freeway without a need for additional excavation. I-15 makes a natural path for one of the most essential fiber backbones of the western U.S. What was left was the digital crossroads of the west.
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The IT “Pipeline”Technical colleges: • Bridgerland Applied Technology
College• Dixie Applied Technology College• Mountainland Applied
Technology College• Ogden-Weber Applied
Technology College• Tooele Applied Technology
College• Southwest Applied Technology
College• Uintah Basin Applied Technology
College• Davis Applied Technology College• Ameritech College
ITT Technical InstituteUtah Applied Technology
Western Governors University
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Program Examples
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Program Examples
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Program Examples
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STEM: long-range pipeline of talent
The STEM Action Center is Utah’s leader in promoting science, technology, engineering and math through best practices that ensure collaboration between industry and education to ensure Utah’s long-term economic prosperity.
STEM Action Center:
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Engineering Initiative
• Strengthen our premier engineering programs
• Support technology & technician education
• Strengthen collaboration & articulation among the nine statewide institutions
To sustain Utah’s economic growth at the current rate:
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Utah Data Center Strengths
Strong Infrastructure
• Utah has 20 centers in operation for regional and national companies including disaster recovery and hot back-up sites.
• The Wasatch Front sits astride a major east-west line of the Internet “backbone,” with 10 major service providers delivering high-speed services to the area.
• Isolated geographically from both east and west coasts, Utah provides higher overall security and less vulnerability to attacks and natural disasters
• Utah has an extremely low incidence of large-scale natural disasters, including tornados, hurricanes and floods. The Wasatch Front is located in Seismic Zone 3, which has a very low frequency of occurrence.
• Utah is also recognized as one of the cheapest places for power and utilities in the Country.
Key Rankings & Headlines Technology Related
• Utah ranks 1st in the nation as a lead investor in technology• Utah ranks 1st as the most tech-savvy state in the nation for its progress in digital government.• Utah ranks 5th nationwide for its state technology and science overall index. The state ranks 1st in
technology concentration and dynamism.
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Utah Data Locations
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Venture Capitalism and Private Equity
VC/PE firms headquartered in Utah• Sorenson Capital • UV Partners• Signal Peak• Utah Fund of Funds• Park City Angels
• $11.1 billion total deal flow
• Venture capital/private equity climbing to $831 million
• $10.1 billion in mergers and acquisitions
VC/PE firms investing in Utah• Blackstone Capital Partners• Accel Partners• Sequoia Capital• Google Ventures• Intel Capital
Global firms: • eBay• Google• Adobe• Microsoft• Intel
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Total Members = 447
4,700 IT & CT Utah Companies
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31,405
31,060
25,868
25,445
24,840
>130,000