This is Derek Miller Speaking on Business.
Utah Leads Together 3.0, the state’s plan for economic revitalization, includes seeds of economic recovery. With the coronavirus abating, unemployment is decreasing and companies are reengaging in commerce. But this is just the beginning; together, we must map out Utah’s next economy.
The recovery phase of this pandemic is where growth returns, jobs come back and Utahn’s feel they are stepping into a better normal. Fortunately, we have a solid foundation upon which to build. The major credit rating agencies have affirmed Utah’s “Triple A” rating. Our workforce is well-educated, and our rich history has engendered an entrepreneurial spirit. Utahns work hard. And as the state focuses on making Utah a top destination point for corporate headquarters, these positive factors will attract business and can help us achieve our goal of becoming “the crossroads of the world.”
Having a destination strategy will also allow us to invest in recreational infrastructure to bring back tourism and attract film studios and other creative ventures. As we learned through the pandemic, sustainable farming is important to feed our citizens locally when supply chains breakdown. Utah is also the place for manufacturing, and developing the inland port and logistics outgrowth will be a force multiplier.
These are only some of the ideas for Utah’s next economy, and we would like to hear from you. If you have thought to share, please give us your feedback at answers@slchamber.com. Your voice matters.
I’m Derek Miller, with the Salt Lake Chamber, and this is “Speaking on Business.”
