Utah’s defense industry has doubled in recent years, new report says

Utah’s defense industry has doubled in recent years, new report says

“SALT LAKE CITY — The Utah defense industry has doubled since 2015 with a sharp increase in contracts and grants, according to a new report from the University of Utah’s Kem C. Gardner Policy Institute.

“Between the fiscal years of 2015 and 2019, the industry has increased in the state by 102,000 jobs and $9.1 billion in inflation-adjusted gross domestic product. It also generated $244.3 million in tax revenue for state and local governments.

“In 2019, the defense industry contributed $19.3 billion to the state’s GDP — 10.6% of the state’s total — and supported 211,000 jobs, roughly the same number of jobs in Utah’s education and health care sectors combined. It also directly and indirectly supported 10.3% of the state’s income and made up 9.5% of personal income.”

Read the rest of the article at https://www.ksl.com/article/50233844/utahs-defense-industry-has-doubled-in-recent-years-new-report-says

Four members of Hill Air Force Base’s 388th Fighter Wing fly in formation over University of Utah Hospital in Salt Lake City on Thursday, April 30, 2020. The flyover was a “thank you” to  health care workers, first responders, military members and essential personnel, as well as those who are staying home to help “flatten the curve” during the coronavirus pandemic.