UTAH JAZZ

Utah Jazz majority owner says Utah on verge of being economic powerhouse

Jun 10, 2021, 4:05 PM | Updated: 5:15 pm
economic powerhouse...
Qualtrics CEO Ryan Smith walks through the office in Orem on Friday, Feb. 2, 2018. Jeffrey D. Allred, Deseret News

SALT LAKE CITY – The Utah Jazz majority owner Ryan Smith joined Gov. Spencer Cox for a special one-on-one virtual conference and said Utah is poised to be an economic powerhouse.

One way Smith said he knows this is because it only took two phone calls to round up partners to purchase the team. He teamed up with Atlassian co-founder Mike Cannon-Brookes and Silicon Valley venture capital guru Ryan Sweeney.

Smith told Cox all the hard work going into Utah is quickly making it become a leader in the world.

“There’s nothing I want more than to be able to show what you can do in Utah,” Smith said. “You can change the world in Utah; there’s nothing you can’t do.”

He also said getting his partners on board is a great example of how investors are seeing the Beehive State.

“That is what happens as a benefit of all the work that’s been done here in Utah,” Smith said. “Success breeds success. I made two calls … and we walked into the NBA and said we’re ready to go.”

He spoke with Cox in a pre-recorded interview for SelectUSA. This is a global conference that brings international and US investors together. 

Cox also believes the state’s young and educated population helps with commercial success.

Investors clamoring for an opportunity in Utah

Cox said 20 years ago not many people were willing to invest in the state. However, those are circumstances “we’ve seen change dramatically over the past decade.”

Ben Hart, Utah Governor’s Office of Economic Development deputy director, said people are clamoring for an opportunity in the state’s startup community.

“Without question, we’ve got more interest from international businesses right now than we’ve probably ever had in the state of Utah,” Hart said. “We’re making our presence known on the international stage.”

He said the Winter Olympics in 2002 helped get Utah’s name out there. He also said the Church of Jesus Christ of Latter-day Saints with its global presence helps, too. For more on this story check out Deseret News.

Utah Jazz

Photo of new tags installed by Digital Seat Media for Utah Jazz home games...
Chandler Holt

Utah Jazz home games receive a big upgrade just before the playoffs

The Utah Jazz has partnered with Digital Seat Media to install tags that fans can scan to access seating maps, food ordering, and more.
6 months ago
(The Vivint Arena, with a countdown to the 2023 NBA All-Star Game.  Photo: Paul Nelson, March 23, 2...
Paul Nelson

NBA watching Utah and the proposed transgender student sports ban

If a transgender sports ban is upheld by the Utah legislature, it's possible the 2023 NBA All-Star game could be pulled out of Salt Lake City.
6 months ago
The Utah Jazz Foundation made a donation to Airbnb.org to fund 32,200 nights of stay for the refuge...
Mark Jones

Utah Jazz Foundation will fund 32,200 nights of housing for refugees

The Utah Jazz Foundation made a donation to AirBnB.org to fund 32,200 nights of housing for refugees fleeing Ukraine.
7 months ago
The Ukrainian national anthem will be played before tonight's Jazz game....
Samantha Herrera

Local violinist to perform Ukrainian national anthem at tonight’s Jazz game

The Ukrainian national anthem will be performed by a local violinist before tonight's Jazz game. The NBA usually only plays the U.S. or Canadian anthems.
7 months ago
Jordon Clarkson...
Mark Jones

Jazz guard Jordan Clarkson says fan ‘crossed a line,’ fan later removed

Clarkson's teammates and security prevented an escalation. Later, Jordan Clarkson hit a pair of free throws to seal a Jazz victory.
9 months ago
Izzy life celebrated...
Karilyn Frazier

Izzy Tichenor’s life celebrated, Utah Jazz star covers costs

Isabella "Izzy" Faith Tichenor's life was celebrated Saturday morning in Riverton.
11 months ago

Sponsored Articles

Prescription opioid...
Know Your Script

Prescription opioid misuse | How to protect your family from the opioid epidemic

Studies have shown that prescription opioid misuse has increased since COVID-19. So what do you need to know about these opioids?
...

Tax Tuesday: The Most Common Mistakes People Make When Filing Their Taxes

Fortunately, for most average earners, they will not end up owing overpayments received for the Child Tax Credit in 2021.
...

Tax Tuesday: How will last year’s child tax credits affect you?

Fortunately, for most average earners, they will not end up owing overpayments received for the Child Tax Credit in 2021.
...

Tax Tuesday: Key Information Before the Filing Deadline

Businesses can receive a credit of up to $5,000 per employee in 2020 and up to $21,000 per employee in 2021.
national heart month...
Intermountain Healthcare

National Heart Month: 5 Lifestyle Changes to Make Today to Keep You Heart Healthy

Heart disease is the leading cause of death for both men and women. One person dies every 36 seconds in the United States from cardiovascular disease
Joseph Smith Memorial Building...
Temple Square

The Joseph Smith Memorial Building is an icon of Salt Lake City | Why hosting an event at this beautiful location will make you a hero this year

Here's why hosting an event at the iconic Joseph Smith Memorial Building in downtown Salt Lake City will make you a hero this year.
Utah Jazz majority owner says Utah on verge of being economic powerhouse