1. Utah Today U N I V E R S I T Y of U T A H D A V I D E C C L E S S C H O O L of B U S I N E S S

3. Source: Utah Department of Workforce Services Utah Job Growth Rates U N I V E R S I T Y of U T A H D A V I D E C C L E S S C H O O L of B U S I N E S S

4. Source: Utah Department of Workforce Services Utah Job Count U N I V E R S I T Y of U T A H D A V I D E C C L E S S C H O O L of B U S I N E S S

5. Anatomy of a Business Cycle

6. U N I V E R S I T Y of U T A H D A V I D E C C L E S S C H O O L of B U S I N E S S Anatomy of a Business Cycle

7. Source: U.S. Bureau of Labor Statistics Employment decline peak to trough Utah Fared Worse than Most States During the Contraction U N I V E R S I T Y of U T A H D A V I D E C C L E S S C H O O L of B U S I N E S S Source: U.S. Bureau of Labor Statistics and Utah Dept. of Workforce Services

8. U N I V E R S I T Y of U T A H D A V I D E C C L E S S C H O O L of B U S I N E S S Anatomy of a Business Cycle

9. Source: U.S. Bureau of Labor Statistics; June 2013 Current Employment Statistics estimates. Employment growth trough to recovery Utah Fared Better than Most States During the Recovery U N I V E R S I T Y of U T A H D A V I D E C C L E S S C H O O L of B U S I N E S S

10. Why? U N I V E R S I T Y of U T A H D A V I D E C C L E S S C H O O L of B U S I N E S S

11. Fiscal Fitness Fiscal Responsibility Checklist 1 1

12. Source: Department of Workforce Services Top Ten States: 2011 Economic Balance Utah has the fourth most diversified economy in the country U N I V E R S I T Y of U T A H D A V I D E C C L E S S C H O O L of B U S I N E S S 2 2 Utah ranks 4th

13. UtahU.S. Highest fertility rate (2011)2.381.89 Youngest median age (2012)29.937.4 Percent under 18 (Utah ranks 1 st ) (2012)32.1%23.9% Percent 65 and older (Utah ranks 50 th ) (2012)9.5%13.7% Largest household size (2012)3.142.64 Rapidly growing (% ch. 2000-2010; Utah ranks 3 rd )23.8%9.7% Life expectancy (Utah ranks 10 th ) (2010)80.278.9 Sources: National Vital Statistics Reports; U.S. Census Bureau; The Henry J. Kaiser Family Foundation Young, Healthy and Growing Utah has the most distinctive demographic profile in the nation U N I V E R S I T Y of U T A H D A V I D E C C L E S S C H O O L of B U S I N E S S 3 3

14. Utah Income Rankings: 2012 U N I V E R S I T Y of U T A H D A V I D E C C L E S S C H O O L of B U S I N E S S Per capita income 47 th Per capita household income 33 rd Average annual pay 37 th Median household income 11 th Income equality1 st Sources: U.S. Bureau of Economic Analysis, U.S. Census Bureau, and U.S. Bureau of Labor Statistics

15. 2010 Gini Coefficient Source: U.S. Census Bureau, 2010 American Community Survey U.S. average = 0.469 Equality of Income Utah has the most equal income distribution among states U N I V E R S I T Y of U T A H D A V I D E C C L E S S C H O O L of B U S I N E S S 4 4 Five states with the most equal distribution of income Utah ranks 1 st

16. 2010 Income Equality A Utah hallmark U N I V E R S I T Y of U T A H D A V I D E C C L E S S C H O O L of B U S I N E S S Most equal at state level Most equal at the metropolitan level Salt Lake (1 st ) Most equal at the cities over 100,000 population West Jordan (1 st ) West Valley City (7 th ) Third most equal at the neighborhood level Census tract 1135.26 Source: U.S. Census Bureau, 2010 American Community Survey

17. U N I V E R S I T Y of U T A H D A V I D E C C L E S S C H O O L of B U S I N E S S Third Greatest Income Equality at a Neighborhood Level in the U.S. Census Tract 1135.26 KEARNS

18. Source: World Trade Center Utah Global Engagement Utah more than doubled exports in the past five years U N I V E R S I T Y of U T A H D A V I D E C C L E S S C H O O L of B U S I N E S S 5 5

19. Source: World Trade Center Utah Utah Non-Primary Metal Exports U N I V E R S I T Y of U T A H D A V I D E C C L E S S C H O O L of B U S I N E S S 77% increase

20. Utah’s Global Awareness U N I V E R S I T Y of U T A H D A V I D E C C L E S S C H O O L of B U S I N E S S 22% of Utah jobs tied to exports 7,700 international students 20,000 K-12 dual immersion students 129 languages spoken in homes of elementary students 2 nd best soccer team in the country! Source: World Trade Center Utah

21. Top Ten States: 2011 Regulatory Climate States with the most business-minded regulatory environment U N I V E R S I T Y of U T A H D A V I D E C C L E S S C H O O L of B U S I N E S S 6 6 Source: Mercatus Center, George Mason University Utah ranks 7th

22. Source: Tax Foundation, State Business Tax Climate Index Competitive Tax Structure 2014 State Business Tax Climate Index U N I V E R S I T Y of U T A H D A V I D E C C L E S S C H O O L of B U S I N E S S 7 7

23. Challenges U N I V E R S I T Y of U T A H D A V I D E C C L E S S C H O O L of B U S I N E S S

24. Source: U.S. Census Bureau Population living in urban areas Urban Growth Utah is an urban state with urban issues U N I V E R S I T Y of U T A H D A V I D E C C L E S S C H O O L of B U S I N E S S % Urban % Rural

25. Source: U.S. Census Bureau Top Ten States: 2011 Utah is the 9 th Most Urban State 2010 percent of population that is urban U N I V E R S I T Y of U T A H D A V I D E C C L E S S C H O O L of B U S I N E S S Utah ranks 9th

26. Source: U.S. Bureau of Labor Statistics and Utah Department of Workforce Services Discouraged Workers Too many workers are on the sidelines Utah labor force participation rate U N I V E R S I T Y of U T A H D A V I D E C C L E S S C H O O L of B U S I N E S S ?

27. Utah Today: Favorably Positioned U N I V E R S I T Y of U T A H D A V I D E C C L E S S C H O O L of B U S I N E S S 1.Fiscally responsible -- #1 2.Economically balanced -- #4 3.Young, healthy and growing -- #1 4.Equality of income unlike any state -- #1 5.Globally engaged – Top 10 6.Reasonable regulatory climate -- #7 7.Competitive tax structure -- #9

28. Utah Today Favorably Positioned U N I V E R S I T Y of U T A H D A V I D E C C L E S S C H O O L of B U S I N E S S