Utah Economy

 

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Major industries in the state of Utah include: mining, salt production, cattle ranching and government services.

According to the 2007 State New Economy Index, the state of Utah is ranked the top state in the United States for Economic Dynamism, determined by

“The degree to which state economies are knowledge-based, globalized, entrepreneurial, information technology-driven and innovation-based.”

In eastern Utah petroleum production is a major industry. Near Salt Lake City Utah, petroleum refining is done by a number of oil companies. In central Utah, coal production accounts for much of the mining activity.

Tourism is a major industry in Southern Utah, with Utah’s five national parks (Canyonlands, Capitol Reef, Arches, Bryce Canyon and Zion) and many other attractions. Mountain biking is a popular sport in Moab mountain. Research, information technology development, and service based industries are important economic activities along the Salt Lake City-Ogden-Provo corridor. The state of Utah is also noted for its ski resorts, near Salt Lake City, Ogden, Provo, Park City and Cedar City (Brian Head).

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