April 2024
“That’s a Wrap” is your monthly dose of Utah Business highlights. We bring you a curated selection of our top five business stories from across the state. Whether you’re an entrepreneur, investor or simply passionate about the thriving business landscape in Utah, we’ve got you covered! Stay tuned as we wrap up the latest developments, trends and successes shaping Utah’s business community at the end of each month.
Will Utah home prices drop as a result of the ‘silver tsunami’?
Could a coming wave of downsizing baby boomers free up enough housing inventory to make home prices more affordable for first-time homebuyers? Utah’s unique demography may not allow it. Read more »
A 10-year forecast of Utah’s commercial real estate industry
Utah’s business-friendly culture is driving a growing number of people to migrate to the state. According to a 2022 report by the Kem C. Gardner Policy Institute, Utah’s population is slated to increase from 3.4 million in 2024 to almost 5.5 million by 2060. In the face of this population growth, innovative developments like The Point, Mountain View Village and the state’s eight proposed inland port project areas are top-of-mind. Read more »
Ryan Smith’s Provo incubator charts the course for Utah’s tech renaissance
“Incubators are really amazing for startups because they help those in the beginning phases who often don’t have the resources,” says Alecia Hart, director of the Startup State Initiative at the Governor’s Office of Economic Opportunity. “When you’re starting out, you’re on a journey to find funding and mentorship and build those really valuable networks. Incubators assist these businesses in the beginning phases by providing access to those necessary resources. They help get that initial jump-start and help them succeed. Incubators are so vital. We’re really excited for this incubator to be built in Provo.” Read more »
The job benefits employees value in 2024
As younger generations take on leadership positions, core business values are redefined—and creative job benefits are on the rise. Here’s a closer look at the unique perks Utah-based companies are using to hire and retain their best people. Read more »
How Utah Valley University is handling its rapid expansion
Today, in addition to the central Orem campus, UVU manages university locations in Provo, Lehi, Vineyard, North Orem and Wasatch County—as well as a planned facility in Payson—with a total of about 524 acres and 4,051,112 square feet of building space. Read more »