Salt lake city the capital of utah has been experiencing a boom in its startup scene over the past few years with a population of around 200478 salt lake city has a unique geography located in the salt lake valley surrounded by mountains and the great salt lake entrepreneurship has a long history in utah with the state known for its industrious and selfreliant population the area was originally settled by mormon pioneers who were known for their enterprising spirit and communityminded approach to business today salt lake city is home to a thriving startup scene with a variety of tech companies healthcare startups and social enterprises calling the city home one of the key factors driving the success of salt lake citys startup scene is the presence of several worldclass universities in the area the university of utah in particular has been instrumental in fostering a culture of innovation and entrepreneurship the schools technology commercialization office has helped launch dozens of startups over the years providing support and resources to budding entrepreneurs in terms of economic indicators salt lake city boasts a relatively low unemployment rate of around 25 and a median household income of 64000 per year notable companies founded in salt lake city include pluralsight a tech education platform and qualtrics a customer experience software company other companies headquartered in the area include healthcare technology firm health catalyst and outdoor recreation company black diamond equipment despite its success salt lake citys startup scene is not without its challenges the citys cost of living is higher than average for the region with a living wage of around 16 per hour needed to meet basic expenses additionally the rate of new companies starting and ending is relatively high reflecting the volatile nature of the startup world overall however salt lake citys startup scene is thriving due to its supportive business environment talented workforce and robust infrastructure with its unique geography and strong entrepreneurial culture the city is poised to continue attracting innovative startups and established companies for years to come 

Salt Lake City, UT

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