Salt Lake City, Utah

Salt Lake City is the state capital and most populous city in the U.S. state of Utah.

Economy

Main article: Economy of Salt Lake City

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The modern economy of Salt Lake City is service-oriented. In the past, mining and railroad operations provided a strong source of income. Today the city’s major industries are government, trade, transportation, utilities, professional services and business services.

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Local, state, and federal governments have their largest presence in Salt Lake City, accounting for 21% of employment. Trade, transportation, and utilities account for another 18% of employment with its major employer the regional Delta Air Lines hub at Salt Lake City International Airport. Equally significant are the professional and business services, which account for another 18% of employment. Health services and health educational services account for an additional 10% of employment. Other major employers include the University of Utah, Sinclair Oil Corporation and the Church of Jesus Christ of Latter-day Saints. Besides its central offices, the Church owns and operates a profit division, Deseret Management Corporation and its subsidiaries, headquartered in the city.

Related Topics:
Delta Air Lines - Salt Lake City International Airport - University of Utah - Sinclair Oil Corporation - Church of Jesus Christ of Latter-day Saints - Deseret Management Corporation

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Other economic activities are call centers, tourism, and conventions. Tourism was stimulated by the 2002 Olympic Winter Games. Many hotels and restaurants were built for the Olympics, and now suffer post-Olympic market saturation. The convention industry has blossomed in the city after construction of the Salt Palace convention center, which hosts the annual Outdoor Retailers meeting, among other conventions.

Related Topics:
Call centers - Tourism - Conventions - 2002 Olympic Winter Games - Hotels - Restaurants - Market saturation - Convention - Salt Palace

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In the latter 20th Century, urban sprawl created fierce suburban economic competition, resulting in inner-city decay as the suburbs grew rapidly. Large family sizes and low housing vacancy rates, which have inflated housing costs along the Wasatch Front, have led to one out of every six residents living below the poverty line.

Related Topics:
20th Century - Urban sprawl - Suburban - Wasatch Front

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