Today we're celebrating Utah's 16th Shovel Award from Area Development! Each year, Area Development recognizes states that stand out for their ability to attract high-impact economic development projects. Using data submitted by state economic development agencies such as EDCUtah, Area Development evaluates the top projects based on job creation, capital investment, industry diversity, and each state’s overall economic strategy. 

This recognition wouldn't be possible without the many community and industry partners across the state who support Utah's economic prosperity every day. 

From Area Development:

“Utah’s Silver Shovel performance in 2026 is built on medical technology, aerospace, and food processing — a combination that reflects the state’s ability to compete across very different industrial sectors. Stryker leads the roster with $615 million and 862 medical technology jobs in Salt Lake County, one of the larger medtech investments in the region this year. AeroVironment adds 526 aerospace jobs in Salt Lake City, and Bridor brings $277 million and 400 food processing positions to the same market. 

Advanced manufacturing anchors the industrial middle of the portfolio. Nucor invests $205 million and 200 steel manufacturing jobs in Brigham City, and Stadler Rail brings $189 million and 250 transportation positions to Salt Lake City. ACS Manufacturing contributes 223 general manufacturing jobs in Clearfield, and UFP Industries adds 100 construction products positions in Grantsville City. 

Energy and life sciences round out the picture. OxEon Energy brings $99 million and 103 renewable energy jobs to North Salt Lake, and Ratio Therapeutics adds 100 life sciences positions in West Valley City. Coast Pay contributes 100 financial services jobs in Draper City. Microvascular Therapeutics brings a medical device presence to Salt Lake City, and AirBuild adds 15 renewable energy positions in Green River. Utah’s breadth of investment across sectors and geographies earned it a well-deserved Silver.”

Learn more about EDCUtah’s business expansion and relocation services.