Technology companies, from giants like Microsoft, Adobe and Oracle to startups are transforming Utah into an economic and jobs rival to Silicon Valley.
Adobe first opened an office in Salt Lake City over a decade ago, and now there are over 1,000 big companies and startups within the"Silicon Slopes" tech ecosystem.
This story is part of CNBC's quarterly Cities of Success series, which explores cities that have transformed into business hubs with an entrepreneurial spirit that has attracted capital, companies and employees.Forget Silicon Valley. Salt Lake City's tech scene is on the rise. Its ecosystem, known as Silicon Slopes, has transformed into a thriving network of startups and big tech companies over the past two decades, spanning multiple cities in the Salt Lake area.
Adobe was the first company to establish roots in Lehi, laying"the foundation for tech to grow and explode into what it is today," Sherman said."Now, there are over 1,000 companies within the Silicon Slopes ecosystem." "I was there on the day that Adobe decided to build that building," said Brad Rencher, CEO of HR and payroll company BambooHR."It has been incredibly fun to watch all of the companies and the buildings and things that have been built up around that."Rencher, who spent over a decade at Adobe before becoming CEO of BambooHR, credits Adobe's arrival as a catalyst for Silicon Slopes growth."That was a seminal moment in the history of Silicon Slopes," he said.
"We have the funding pipeline, we have the educational institutions and we have the culture," said Wong."The ingredients are all here."
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