1. People Stay in Utah
Unlike the valley, Utah tech companies hold a far less employee turnover rate than the golden state. While there might be a larger pool of talent to pull from in California, loyalty wins the war. In-state hires, culture, and investing in local experts and talent all might be good explanations to Utah's high employment retention rate. Your job is secure kid!
2. Cost of Living
Like most cities outside of California, Utah's cost of living lends for more self-investments and less monetary stress. A whole 42% gap in the cost of living between San Francisco and Salt Lake City might just be the break starving young entrepreneurs need.
3. Techstar Neighbors
After just an eight hour drive east, you'll find yourself in Boulder, Co amongst partners of the top trending startup incubator, Techstars.
"Utah is one of my highest focus areas. Typically, about half our companies come from the coasts or the Chicago area, and half are from the Rocky Mountain region. In the past, that Rocky Mountain region is mostly coming from Colorado, but we're starting to see more and more great companies coming from Utah. I think it's an up-and-coming hotspot for entrepreneurs," says Techstars Boulder managing director, Natty Zola, in an interview with our friends at Beehive Startups.
QuotaDeck (now Outro) and Symptom.ly, both Utah affiliated startups, have already ran their way through the Techstars accelerator program.
4. Safe Innovation Zone
Utah's smaller pond, provides a longer runway and a safer fall for innovation. Think of it as your first petri dish. Beta test your product on a smaller group of consumers before bringing it to the masses where your results are only variables.
5. Deeper Relationships
Instead of fighting for attention in the deep blue of Silicon Valley, everyone in Utah's silicon slope community is one degree away. Placing a young, wise, hungry entrepreneur in this type of environment can result in an anomaly. Team is key.
Considering all that Utah has to offer, the romantic notion of a struggling entrepreneur is only cute for a moment. A coddling community feels safer than facing the reality of resistance. That's what divides the cutting edge from the cutting close. So, let Silicon Slopes be your launch pad. But do smart work. Go create. Put Utah on the map.
Big Door is a video production agency housed in Utah, where technology and innovation are rapidly rising. Big Door specializes in producing and marketing clever commercials for startups and young companies. To keep up with their work, get a quote, or learn more about Utah's growing startup scene, visit www.bigdoornetwork.com.