Each year Forbes ranks the top growing cities in the country. This year Salt Lake is the 12th fastest growing city.<\/p>\n
Forbes’ rankings are based on six metrics including estimated population growth , year-over-year job growth, \u00a0economic growth rate, unemployment data, and\u00a0median annual pay for college-educated workers in each area. Salt Lake’s stats include:<\/p>\n
2015 (Projected) pop. growth rate: 1.24%<\/em><\/p>\n Job growth rate: 2.74%<\/em><\/p>\n Unemployment: 3.38%<\/em><\/p>\n 2014 Gross Metro Product Growth: 1.44%<\/em><\/p>\n Median pay: $61,800<\/em><\/p>\n Why this matters is that so many decisions in Park City and Summit County are made because “growth is\u00a0coming.” Throughout the early 2000s, this growth was obvious and documented\u00a0by statistics. During the economic downturn of the 2008-2010, growth was not so obvious. As we enter the second half of the decade knowing where we stand is important for two reasons. First, it helps us plan in case growth continues. Second, in case growth stalls, it helps us\u00a0ensure that our local government is both spending money and planning wisely.<\/p>\n