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Top 5 Industries in Utah: Which Parts of the Economy Are Strongest? |Newsmax.comIn 2014, the Pollina Corporate Top 10 Pro-Business Study ranked Utah as thebest state for business for the third year in a row. Thanks to a large pool ofskilled labor and a low cost of living, Utah has become a beacon forbusinesses looking to relocate.Here are five industries that call Utah home:1. Advanced composites:Employing over 10,000 people, Utah’s advanced composites industry produceseverything from carbon fiber aerospace components to carbon fiber bicyclewheels. Utah’s low electricity costs and business-friendly environment, aswell as the presence of Hill Air Force Base, contribute to the state havingone of the highest concentration of advance composites businesses in thecountry.VOTE NOW: Is Utah Gov. Gary Herbert Doing a Good Job? 2. Aerospace:Utah also has one of the highest concentrations of aerospace companies in thecountry, primarily due to the state’s highly educated labor pool. Seveninstitutes of higher learning offer specialized education in the aerospaceindustry. In addition, the state’s Applied Technologies college programssupply a stream of highly skilled machinists, welders, and other craftsmen.Aerospace companies located in Utah include Boeing, ATK, Northrop Grumman,Lockheed Martin and General Atomics.3. Data centers: According to the Economic Development Corporation of Utah, the state is home to data centers for 18 regional and national companies.These data centers provide both disaster recovery and backup services. Factorsthat make the state so attractive include a highly skilled workforce, lowincidence of natural disasters, and close proximity to one of the mostimportant internet corridors in the country. Companies with data centers inUtah include the National Security Agency, Oracle, Adobe and eBay. VOTE NOW: Should the Government Be Doing More to Promote Tourism in America? 4. Digital media:Utah boasts the fourth-highest concentration of multimedia artists andanimators in the nation. The state’s higher education system has produceddigital media superstars, including the founders of Atari, Adobe, Iomega,Novell, Pixar, Silicon Graphics and Word Perfect. Utah is also home to theSundance Film Festival, the largest independent film festival in the country.Digital media companies that call Utah home include Chair Entertainment,Disney Interactive Studios, Electronic Arts, Fusion-io, Move Networks, SandmanStudios and Tandem Motion Picture Studios. 5. Distribution:Utah is uniquely situated to be a distribution hub. The Salt Lake CityInternational Airport is located within two-and-a-half hours of half of thecountry’s population. More than 43,155 miles of highway and roads, a majorrailway system, a Customs Port of Entry and an easily accessible publictransportation system have made the state a much-desired distribution hub.Companies with distribution facilities in Utah include Cabela’s, FamilyDollar, United States Cold Storage and Petzl America.URGENT: Do You Approve of the Job Gary Herbert Is Doing as Utah Governor?© 2021 Newsmax. All rights reserved.