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The Milken Institute reports have indicated that Provo, Utah marked the best-performing economy in 2017 among massive metro areas in the U.S. The Provo is the third largest city in Utah and it is located about 64.3km south of Salt Lake City. In 2011, the city showed 3% job growth and ranked at the third position in the U.S. Moreover, the crime rate in the Provo city decreased and ranked 10th in the lowest crime. The Brigham Young University has indicated an amazing presence of their economy. So, this university has marked the third largest private college because of enrolment in the United States. It is just behind the Massachusetts Institute of Technology and the University of Utah. The University had 13 start-up businesses during the year 2010.

Brigham Young University is offering a massive amount of workforce and start-ups. The university has initiated various types of tech projects, including enterprise software firm Qualtrics with a value at $2.5 billion. The Provo city has the high-tech sector with a significant amount of wage growth. The city consists of the second largest metropolitan area in Utah following the Salt Lake City. More than 5 Provo-based companies are the fastest developing private companies in the U.S. The Nu Skin Enterprises is a multi-level marketing company for skin care items. The company collected 82% revenues from the Asian markets, and more than $1.5 billion. Provo city has more than 100 restaurants and 60 of them in the downtown area. The city has Provo Towne Centre and The Shops at Riverwoods shopping malls. The region has offered 5,500 high-tech jobs during 2011-2016.

Source: https://usupdates.com/