Utah’s business landscape is booming—and the latest headlines prove it. From record-breaking tech investments to major job growth and exciting new creative ventures, there’s no shortage of momentum across the state. Here’s a quick look at five major moves shaping Utah’s economy this month.
Massive $60 B Texas Instruments Chip Plant Heads to Lehi
Texas Instruments is investing a historic $60 billion to build and expand semiconductor facilities in Texas and Utah—including a major new plant in Lehi. The project is expected to create over 60,000 jobs, reinforcing Utah’s role in the national chip supply chain.
Federal Clean-Energy Credits Fuel $13 B Investment in Utah
Utah has benefited from $3 billion in clean-energy investments, with an additional $10 billion announced—thanks to federal incentives. Local leaders caution that rolling back these credits could risk thousands of green jobs and major energy projects.
Four New Film Productions Approved with $57 M Economic Boost
Utah’s Board of Tourism Development has green-lit tax incentives for four upcoming film projects—including one shot in Uintah County—which are expected to inject $57 million into the local economy and create nearly 380 jobs.
Utah Jazz Owner Launches $1 B Venture Fund
Ryan Smith, owner of the Utah Jazz, is doubling down on Utah’s tech scene with a new $1 billion VC fund, “Halo Experience (HX One).” The fund will focus on tech startups in the “experience economy,” blending Utah’s growing reputation in both sports and innovation.
2025 Utah Job Growth Surges Year‑Over‑Year
Utah’s economy added approximately 42,900 new jobs over the past year — a robust 2.5% increase in employment. Growth has been strong across private sectors including education, healthcare, construction, and manufacturing. Despite a slight rise in unemployment and a cooling in job openings, Utah continues to outperform the national average—highlighting its resilient labor market and economic strength.
From billion-dollar chip plants to green energy growth and a thriving job market, Utah is making bold strides across industries. Whether you’re a local business owner, investor, or just curious about what’s ahead, keeping up with these developments offers a front-row seat to Utah’s evolving economic story. Stay tuned—there’s much more to come.
