Salt Lake City maintains a vibrant small business economy fueled by mixed industries. According to the Small Business Administration, small businesses make up over 99% of all businesses in Utah and employ nearly half of the state’s private-sector workforce. In Salt Lake City specifically, small businesses play an integral role in driving the local economy and contributing to the overall growth and success of the region.
Technology is a major contributor to small business growth in Salt Lake City. Everyone would agree, the city and the surrounding valley have a thriving tech scene, with companies ranging from startups to established players in software development, cybersecurity, and e-commerce. Many of these companies were founded and are still run by passionate entrepreneurs who are committed to Salt Lake City and keeping the growth local.
Hospitality and tourism also fuel the growth of small businesses in Salt Lake City. The area is home to a thriving restaurant scene, scores of hotels, resorts, and other tourism-related businesses. These companies bring in millions of dollars in revenue each year from visitors and provide jobs for local residents.
Healthcare, retail, and professional services round out the expansive range of goods and services to residents and businesses in the area. These are well-represented in the small business community. And like the tech sector, many are locally owned and operated.
The small business economy in Salt Lake City is thriving, thanks to a diverse range of ideas, industries and a supportive environment for entrepreneurship. Working together entrepreneurs and the government have created an ecosystem that encourages small business growth and supports development.
If you are on the front end of starting a business in Salt Lake City—be encouraged. This is a great place to start and grow a successful idea. And whether you are developing a business plan or working on ways to scale to the next level, consider your technology footprint and the power of including Salt Lake City IT Services.
IT is a core element of any startup. You will set and improve your security posture by implementing and monitoring security measures, such as firewalls, antivirus software, and intrusion detection systems. And where you may lack the resources to employ a full-time IT staff—IT services can help your business keep systems up and running through monitoring and resolution 24/7.
Every dollar counts as you scale your business. Managed/partnered IT services can reduce your IT costs while providing services that only much larger companies once enjoyed. Hiring a technology team frees you up to focus on your business and your customers. And Managed IT services give you peace of mind knowing your systems are in good hands.