Going Green! Clean Tech Initiative is New Area of Focus for the Utah Technology Council

Utah business leaders hope to get on a level playing field with other green-leading states such as Colorado and California.

SALT LAKE CITY--(BUSINESS WIRE)--Utah Business leaders are increasing their focus on “Green” initiatives and projects in 2010. The Utah Technology Council (UTC) (www.utahtech.org) has launched the “Clean Tech Initiative,” with five distinct areas of focus:

“Currently, the largest number of green jobs in Utah is in the water/wastewater and recycling/waste segments. Our hope is that the other green segments, specifically in the lower concentration areas such as energy, will soon be expanding as well.”

Two UTC trustees, Todd Stevens, managing director, RenewableTech Ventures, and Tim Hunt, president, Go Natural CNG, are championing UTC’s efforts as co-chairs of this initiative.

“Utah is on the cusp of amazing accomplishments in the Clean Tech industry. Now is the time for business leaders to act,” said Richard R. Nelson, president and CEO of the UTC. “Currently, the largest number of green jobs in Utah is in the water/wastewater and recycling/waste segments. Our hope is that the other green segments, specifically in the lower concentration areas such as energy, will soon be expanding as well.”

Additionally, the National Governor’s Association reported several Utah weaknesses in its green economy, including this low concentration of energy jobs. The report also showed that Utah’s venture capital investments are slowly climbing as well. “Utah can and should attract much larger amounts of VC investments in its Clean Tech industry,” the report said.

Utah business leaders hope to get on a level playing field with other green-leading states such as Colorado and California. Colorado received $458 million in VC green investments in 2008, while California tallied an astonishing $3.5 billion in 2008.

The UTC helped pass HB 145 Renewable Energy Financing Provisions in this year’s legislative session. For more information on the UTC and the Clean Tech Initiative, visit www.utahtechcouncil.org.

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About Utah Technology Council

Utah's premier professional association, the Utah Technology Council has become the essential business resource for high-tech, life science and clean tech companies seeking to achieve greater success. At its core, UTC exists to foster the Growth of the state's more than 5,000 technology companies, ensure Utah develops the highest Quality Workforce in the nation and attract an ever-increasing array of Funding. Members join UTC to share insights with industry peers, counsel with government and academic leaders and receive help from professional service providers and funding resources. To become a member of this "must-join" organization, visit www.utahtechcouncil.org or call 801-568-3500 today.


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