2017 Economic Engines

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City Provo Founded 2002Employees 1,500 Industry Technology Website Qualtrics.com Founders Ryan Smith, 39; Scott Smith; Jared Smith; Stuart Orgill The Company An enterprise survey platform provider.

BLOWING US ALL AWAY LET US COUNT THE WAYS 1. Survey says Qualtrics is dominating, starting with its most recent valuation of $2.5 billion in April 2017. 2. It has 8,500 customers, including Coca-Cola, Target, FedEx, Microsoft, Whole Foods, Fox, Forbes. 3. 99 of the top 100 U.S. business schools use Qualtrics. 4. 76% of the Fortune 100 use Qualtrics. 5. 65% of the Fortune 500 use Qualtrics. 6. The company has 12 offices: Provo, Seattle, Dallas, Washington DC, Dublin, London, Munich, Sydney, Melbourne, Canberra, Singapore and Paris. 7. Qualtrics spent its first decade under the radar while they built in the basement and perfected their product. At the 10-year mark, they took their first outside capital: $70 million. 8. Ryan’s dad, Scott Smith, came up with the idea for Qualtrics while battling cancer. Ryan dropped out of school to support his dad through radiation and to build the business. By the time Scott recovered, Ryan had signed on 20 clients. 9. Qualtrics was originally named SurveyPro before changing its name to a consolidated term that means “quality metrics.” 10. Qualtrics sets the tone for an entrepreneurial full-court press in its lobby, which includes an “in-play” basketball court. 


City Provo Founded 1984Employees 1,550 Industry Beauty and wellness/direct sales Website NuSkinUSA.com CEO Ritch Wood, 51 The Company A developer of skin care and nutritional products primarily in the anti-aging market. 

BLOWING US ALL AWAY LET US COUNT THE WAYS 1. Nu Skin did $2.21 billion in revenue in 2016. 2. 550 million meals have been donated through its Nourish the Children Initiative. 3. The company is publicly traded on the NYSE. 4. It has nearly one million active distributors and preferred customers worldwide. 5. It sells more than 200 products in the beauty and wellness category. 6. The company employs more than 75 scientists. 7. In its more than 30-year history, it has paid more than $12 billion in total sales compensation and sales incentives. 8. In 2016, through its Force For Good Foundation, Nu Skin and its charitable partners contributed more than $6 million to improve lives of children throughout the world. 9. It operates throughout Asia, the Americas, Europe, Africa and the Pacific. 10. Did we mention Nu Skin did $2.21 billion in revenue last year alone? Ba-ba-ba-billion.


City Provo Founded 1999 Employees 11,000 employees (4,000 in Utah) Industry Technology Website Vivint.com Founder Todd Pedersen, 48 The Company A provider of smart home automation and security.

BLOWING US ALL AWAY LET US COUNT THE WAYS 1. Vivint did $757 million in revenue in 2016. 2. In 2017, Fast Company named Vivint one of the 50 most innovative companies in America. 3. It is the largest tech company in Utah. 4. The Provo company is serving more than one million customers worldwide. 5. In October 2014, it opened a Vivint Innovation Center that attracts cream of the crop hardware engineers and industrial designers to work in a collaborative environment and invent the technology of the future. 6. Vivint offers employees free lunch — both at its on-site cafeteria and with frequenting food trucks. 7. Vivint Gives Back. Constantly. Since its charitable foundation was founded in 2008, it has donated more than $9 million and more than 11,000 hours of service. 8. Its sister company, Vivint Solar, is dominating its industry and employing thousands. 9. Vivint Solar trades on the NYSE. 10. Vivint has been named a “best place to work” by multiple local and national publications, including Forbes.

4. doTERRA

City Pleasant Grove Founded 2008 Employees 2,500 (2,000 in Utah) Industry Health and wellness/direct sales Website doTERRA.com Founder David Stirling, 54 The Company A producer and distributor of essential oils, including personal care products, nutritional supplements, and healthy living products.

BLOWING US ALL AWAY LET US COUNT THE WAYS 1. doTERRA is a billion-dollar company with robust growth. 2. It has a global network of more than 3 million Wellness Advocates and wholesale customers. 3. It ships to more than 100 countries. 4. Forbes named doTERRA one of America’s Best Employers. 5. doTERRA’s 383,000-square-foot global headquarters sits on 60 acres in Pleasant Grove. It recently broke ground to expand its campus to 1 million square feet that will sit on 100 acres —and add 950 jobs over the next three years. 6. It has corporate offices in 17 countries. 7. Through its Healing Hands Foundation, doTERRA partners with organizations like Mentors International, Days for Girls, and Operation Underground Railroad. Its Co-Impact Sourcing initiatives help communities in developing countries worldwide. 8. Its employees regularly participate in service days. 9. doTERRA has a 68 percent retention rate, compared to a direct selling industry average of nearly 10 percent. 10. It hosts the largest corporate-sponsored convention in Utah with more than 30,000 attendees — injecting approximately $30 million into Utah’s economy.  


City Orem Founded 1997 Employees 3,100 (2,500 in Utah) Industry Construction Website Clydeinc.com Founder Wilford Clyde, 64 The Company An administrative agency that supports the needs of subsidiary organizations that span the construction, building materials and insurance agencies.

BLOWING US ALL AWAY LET US COUNT THE WAYS 1. Since 1926, Clyde has been building Utah. Literally. 2. Its subsidiaries: W.W. Clyde & Co., Sunroc Building Materials, Geneva Rock Products, Sunroc Corporation, Beehive Insurance, Clyde Properties. 3. It has built more state roadway miles than any other locally-owned contractor. 4. It has more than 100 locations throughout the U.S. 5. It collaborates on more than 500 projects annually. 6. It has been part of building almost every collegiate stadium in Utah. 7. Notable donations: The Clyde Building, BYU; Maple Dell Scout Camp, Payson; Clyde Institute of Construction Management, UVU; and most recently, $2 million to Springville City to complete the new recreation center. 8. Clyde is numbered among the top 5 recyclers in the state — and has made a $30-million investment in clean air initiatives. 9. It donates money, time, equipment, and materials to Building a Better Community. 10. 90 years of rock solid reputation.


City Lehi Founded 1982 (purchased locally-grown Omniture in 2009) Employees 17,000 (1,200 in Utah) Industry Technology Website Adobe.com The Company A provider of digital marketing and digital media solutions.

BLOWING US ALL AWAY LET US COUNT THE WAYS 1. It’s been almost eight years since Adobe purchased Orem-based Omniture for $1.8 billion, ultimately leading the $7-billion global giant to set up shop in Utah Valley. 2. In 2012, it built a 280,000-square-foot campus in Lehi. 3. Said campus literally paved the way to a Point of the Mountain renaissance for retail, business, and specifically the tech sector. 4. The office currently houses 1,200 employees. 5. In 2017, the company announced plans to build a new, $90-million facility. 6. That facility will add nearly 1,300 employees to its Lehi office. 7. Those jobs will be high-paying, high-skilled opportunities for Utah’s workforce. 8. The current campus houses a full gym, cafe, an NBA-sized basketball court, and panoramic views of Utah Valley. 9. About 50 percent of employees at the Lehi campus are engaged in corporate giving/charitable service projects. 10. Adobe regularly supports community initiatives that boost STEM learning and engagement in tech careers. 


City Lehi Founded 1983 Employees 1,400 (1,000 in Utah) Industry Technology/family history Website Ancestry.com CEO Tim Sullivan, 54 The Company The world’s largest online resource for family history and consumer genetics. 

BLOWING US ALL AWAY LET US COUNT THE WAYS 1. Ancestry is in more than 30 international markets. 2. It hosts the world’s largest online collection of family history records — 20 billion records, 80 countries of origin, 90 million family trees and 10 billion connections. 3. In 2016, the company had a valuation of $2.6 billion. 4. The company has 2.6 million paying subscribers and 5 million AncestryDNA customers. 5. The company’s website handles more than 75 million searches daily and has had more than 15 million app downloads. 6. It has more than 30 patents or patents pending. 7. The company is a partner on the TV show “Who Do You Think You Are?” where celebrities learn about their family history. 8. Ancestry has been featured on CNN, ABC News, Fortune, The New York Times, Wired, The Huffington Post. 9. The company’s management team, led by CEO Tim Sullivan, is comprised of seasoned executives with prior experience at Match.com, Martha Stewart Living, eBay, Novell and others. 10. Ancestry.com offers popular (and spittingly easy) DNA testing to consumers.


City Orem Founded 1941 Employees 3,436 Industry Education Website UVU.edu President Matthew S. Holland, 50 The Company An open-admission regional teaching institution.

BLOWING US ALL AWAY LET US COUNT THE WAYS 1. UVU is the largest public university in the state. 2. It has more than 36,000 students. 3. It offers certificate programs, 63 associate’s degrees, 75 bachelor’s degrees, 8 master’s degrees. 4. UVU’s annual economic output in the region is $391.5 million and $544.3 million at the state level. 5. Under Pres. Holland, it has completed or broken ground on 8 buildings on campus and purchased property in Vineyard (225 acres), Thanksgiving Point (10 acres) and Payson (30 acres). 6. UVU celebrated its 75th anniversary last year. 7. It is home to Roots of Knowledge, a must-see-to-believe stained glass display with over 200 feet of stained glass portraits of humanity’s pursuit of knowledge. 8. The university regularly supports and hosts community events. 9. UVU’s ROI for Utah is $8.04 for every $1 invested by the state. 10. UVU works hard to provide workforce-ready graduates to meet the demands and expectations of a diverse economy.


City Lindon Founded 2006 Employees 600 Industry Technology Website Jive.com Founders John Pope, 39; Matthew Peterson, 40; Michael Sharp, 36; Andrew Skeen, 35; Stephen Todd, 34; Brent Thomson, 41 The Company A provider of unified communications products.

BLOWING US ALL AWAY LET US COUNT THE WAYS 1. Jive is the largest, privately-owned, unified communications system in the world. 2. It has experienced multiple years of triple-digit growth. 3. It brings in $100+ million of recurring revenue and is on track to employ 700 by end of year. 4. It is currently building a brand new headquarters, as it has outgrown its current three Utah buildings. 5. The company has expanded its product offerings to include voice, video, contact center, and mobile applications. 6. Jive leverages partnerships with worldwide brands like Panasonic, Cisco, Microsoft. 7. Its customers include high-growth businesses and public sector institutions. 8. Jive is the highest customer-rated VoIP solution. 9. That customer service has earned them a 98 percent retention rate with clients. 10. Through the Jive Foundation, Jive regularly gives back to the community.


City Lehi Founded 1996 Employees 400 Industry Recreation/non-profit Website ThanksgivingPoint.org CEO Mike Washburn, 61 The Company A nonprofit farm, garden and museum complex that draws upon the natural world to cultivate transformative family learning. 

BLOWING US ALL AWAY LET US COUNT THE WAYS 1. Thanksgiving Point is perhaps the most iconic landmark in Utah Valley. 2. It was founded by Alan and Karen Ashton, legacy members of our business community. 3. It has more than 1.6 million annual visitors from around the world. 4. It employs more than 400 people, both full-time and seasonal. 5. Revenue for 2016 was $23.3 million. 6. It hosts more than 50 family-friendly events annually, which enhance the local economy. 7. It has invested in hands-on education, bringing world-class exhibits to Utah County. 8. Those include Farm Country, Ashton Gardens, Light of the World sculpture garden, Museum of Natural Curiosity. 9. The Butterfly Biosphere will open fall 2018 and will be “unlike any experience available in Utah.” 10. Thanksgiving Point put the Point of the Mountain on the map.

THE FINE PRINT The Economic Engines list is selected by BusinessQ’s editorial board and is ranked based on factors including annual revenue, number of employees, contributions to Utah County’s economy and community, as well as timely and momentous milestones.