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Utah economy boomed in '21 but inflation, other concerns dim the glow

Inflation, labor shortages and supply issues raise cause concern heading into the new year amid Utah’s booming economy in 2021. Utah’s economic recovery from the worst impacts of COVID-19 was among the best in the nation. But does the future hold? ....

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Year in review: Utah economy boomed in '21 but what's coming next year?

The year s biggest Utah economic stories were dominated by the state s nation-leading recovery from COVID-19 but recent issues could cast shadows into the year ahead. ....

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Mesa County moves higher in ranking of small metro areas

Mesa County moves higher in ranking of small metro areas
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Covid-19 Drives Outmigration to 'Opportunity Cities'

Covid-19
Economy, finance, and budgets
Outmigration of residents from high-cost “movie-set cities,” such as New York and Los Angeles, to lower-cost locales, such as Denver and Nashville, has generated ample media coverage, especially since the pandemic began. Covid-19 has certainly shaken up American cities. Before Covid, leaders in high-cost cities could assume residential fealty because workers and workplaces needed one another. Remote work has shattered that equation.
Still, long before Covid, people were leaving expensive coastal cities for more affordable and dynamic places. What’s new is greater public awareness of this trend, which has put leaders of high-profile cities on the hot seat and created openings for leaders of inland urban dynamos to innovate and to attract more people and investment. ....

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Idaho Falls Named Best Performing Small City in America by Milken Institute

Published online: Feb 22, 2021
Articles, East Idaho Business
Viewed 4228 time(s)
Web Exclusive
IDAHO FALLS Provo-Orem, Utah has demonstrated the best economic performance among large cities according to the 2021 Milken Institute Best-Performing Cities Index. Idaho Falls, Idaho moves up six spots to top the list among small cities. The Index, published annually since 1999, offers a first look at how the pandemic has impacted regional economies across the country.
Provo-Orem, which ranked second in 2020, has been a recipient of the tech sector’s out-migration from the more expensive coastal cities of California. A relatively new innovation center with significantly lower costs than Silicon Valley or Silicon Beach, Provo-Orem has attracted tech giants including Qualtrics, Vivint, and SmartCitizen, among others. ....

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