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Overview 

With a population of 3.5 million, Utah plays a big role in the U.S. economy. The state has a GDP of $229 billion, of which construction contributed $24 billion. There were 15,200 construction projects in Utah in the first quarter of 2024.  

Major Projects and Growth Opportunities 

Utah has many big projects underway. The state is spending $466 million on the Mountain View Corridor project to improve transportation. Urban updates are supporting the growing tech industry, especially in the “Silicon Slopes” area near Provo, where more startups and firms are expanding. Healthcare is also growing, with new hospitals and clinics under development to address an aging population. 

Sustainability and Infrastructure 

Utah invests in green energy, such as wind and solar power. Efforts are also underway to better manage water and cut carbon emissions. Updates to public transit and electric vehicle charging stations are part of infrastructure plans. 

Challenges 

Construction professionals looking to conduct business in Utah need to be aware of the state’s housing shortage issue. Even as the demand for housing grows rapidly, the lack of affordable housing has worsened this issue. Climate change is a constant threat, especially to coastal areas of the state, leading to higher insurance costs and property damage. 

Future Outlook 

Utah's future has some positives and negatives. Growth is expected to continue but may slow down due to economic and climate problems. Investment in fields like biotech and clean energy could increase economic growth. Green and smart policies will shape the future, but housing costs and climate risks must be addressed for long-term growth. 

WPP Utah CHART_20241118.01

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Top 50 Cities in Utah

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