Utah: A State of Growth and Smart Planning
Utah: A State of Growth and Smart Planning
Utah has been experiencing a rapid growth rate in recent years, showing no signs of slowing down. According to a report by the Salt Lake City Tribune, Utah's population is expected to jump from 3.3 million to 5.5 million by 2060, a significant increase of 66%. This growth is being attributed to a combination of factors, including the state's grand culture, ideal outdoor activities, and business-friendly environment.
Utah has been recognized as one of the ideal states for business development thanks to its fast access to money, diverse workforce, and fair office space rental. The state's technology industry, also known as Silicon Slopes, has been a leader in contributing to economic growth, jobs, education programs, and community outreach.
In the last 20 years, the development of technology companies in Utah has been exponential. To sustain this momentum, groups like Utah Tech Leads have been established to support the state’s economy and position Utah as a hub for technology innovation by allowing technology leaders and executives in Utah to network, share knowledge and resources, and collaborate on industry-specific initiatives. By providing a platform for technology leaders to connect and collaborate, Utah Tech Leads is helping to build a more vibrant and sustainable tech ecosystem in Utah.
As more people flock to Utah, the state faces challenges to plan and build smart urban hubs that support affordable housing, accessible public transportation, and attracting businesses that thrive in and support decentralized and distributed work environments. By taking a proactive approach to urban planning and development, cities can position themselves for success in a world where living where you work is the future.
The growth of the workforce requires designing workspaces that can increase productivity and collaboration. Currently, 70% of commercial office space is not utilized. With the right tools, businesses can more intuitively manage their real estate footprint thereby maximizing utilization. This kind of informed decision-making helps organizations optimize what they are paying for and allocate resources accordingly.
Utah's technology industry has a number of examples of companies leading the way in implementing innovative, modern workspaces. These spaces take a value first approach to enabling collaboration through a commitment to sustainability, innovation, and employee well-being.
PowerBx has found itself working at the heart of such values working directly with companies to achieve their space management goals. As a workspace technology company that helps business' source, book, and manage workplace technology for distributed teams, PowerBx turns on flex and hybrid workspaces to enable collaboration among team members and provides facility/IT managers the ability to track real estate utilization metrics and related spend.
Below is a list of PowerBx clients, all of which represent Utah’s best foot forward when it comes to creating a workspace that emphasizes flexibility, accessibility, sustainability, and cultural alignment.
Divvy modernizes finance for business by combining expense management software and corporate smart cards into a single platform.
FUNDS RAISED: $417.5M
Studio McGee is a full-service interior design firm that designs homes from concept to completion throughout the US.
FUNDS RAISED: $6M
NuSkin is an integrated global beauty and wellness company powered by a dynamic affiliate opportunity platform.
STOCK SYMBOL: NYSE: NUS
Underbelly Creative is a digital design studio specializing in product design, development, branding, and film.
Opt Connect is North America's industry leader in providing a secure, simple, easy, and ultra-reliable monitored wireless connection for ATMs, Smart Safes, Kiosks, Micro Markets, Digital Signage, and many other IoT/M2M applications.
Built for life. Jacobson Construction builds the places where life happens and enduring communities last lifetimes.
Spiff is the leading sales commission software and commission tracker automating manual commission calculations and motivating sales teams.
FUNDS RAISED: $62M
With their impressive agent count, units sold, and sales volume, Keller Williams boasts a sales force that commands respect.