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Don’t Pass Laws That Undermine Innovation | Opinions

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For decades, the Utah government has provided many resources and benefits to start-ups and SMEs. And it continues to help foster relationships between businesses, education, government, and our communities.By doing so, Utah remains one of the top five US companies.

For many small businesses, social media platforms and other online marketing tools have enabled them to continue their business during the pandemic, enter new markets and reach new customers online. Unfortunately, the Innovation Prevention Act deprives startups of the ability to raise funds, reach new and existing customers, grow their businesses, and threaten the tools they use every day to drive economic growth. To limit.

Utah’s economy is thriving, despite the pandemic causing the economic downturn. In November 2021, Utah’s unemployment rate fell to a record low of 2.1%, halving the national 4.2%. Utah’s technology industry accounts for 9.6% of our total workforce, has more jobs than ever, and is expected to grow faster than any other state in the next decade.

With approximately 8,200 technology businesses in Utah, the technology sector has a direct impact on Utah’s economy of $ 20.1 billion. That percentage is the ninth highest of all states. Our elected officials need to understand that technology is not a threat, but a key tool for business and our continued economic growth. I urge Congressional leaders to pay attention to anti-competitive legislation that will ultimately endanger our strong business environment and economy.

Anna Hoogard

Vineyard

Sources

1/ https://Google.com/

2/ https://www.deseret.com/opinion/2022/1/21/22894984/utah-congress-dont-pass-anti-innovation-laws-high-tech-businesses-help-economy-and-growth

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