Salt Lake City has become a prosperous metropolis with a booming population and many work opportunities in banking and technology.
Many residents, such as former governor Michael Leavitt, point out the 2002 Winter Olympic Games as the city’s transformation catalyst.
“Many good things joined at the right time. We had a growing population. The technology was becoming, it was in their childhood and it was expanding. A culture of beginning was important,” Leavitt said. “We were in a position to educate many engineers at the right time, and then be able to close that in art, in the brand of the Olympic Games, that was a good combination.”
Salt Lake City is also a great attraction for finance, with one of the highest concentrations of industrial banks in the United States; 15 of the 23 industrial banks in the country are in the county.
The metro snow economy distinguishes it from other cities and once again will help boost Salt Lake City profile in an international stage when the host of the Winter Olympic Games in 2034.
However, some real challenges are ahead. Climate change and lack of diversity, for example, could affect the future of the city.
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Disclosure: Comcast Ventures and NBCuniversal, the CNBC parent company, are investors in acorns.
Disclosure: Father CNBC NBCuniversal has NBC Sports and the NBC Olympic Games. NBC Olympics is the head of US transmission rights for all summer and winter games until 2036.
