Building the St. George Economy on a Higher Plane
The Significant Economic Impact of TechRidge
Located on the former St. George Airport site overlooking downtown St. George, the 180-acre Tech Ridge Master Plan redefines the modern urban center. This smart, mixed-use development draws innovative tech companies and amplifies their ability to attract and retain top talent. The mix of workspaces, shops, and eateries promote a dynamic social lifestyle, including 60 acres of easily accessible trails, parks, and open space, all surrounded by the striking red cliffs of Southern Utah.
Software Development
Aerospace
Biotech
Fintech
Technology Product Design
One -Time Economic Impact From Construction
During construction alone, it is estimated that TechRidge will provide the following economic impact over 5 years:
1 (wages, salaries, + benefits paid to, direct, indirect, + induced workers associated w|construction)
24,653
Jobs
$1.02B
labor income1
$2.34B
one-time economic output
1 (wages, salaries, + benefits paid to, direct, indirect, + induced workers associated w|construction)
Recurring (Annual) Economic Impact
At full build-out and stabilization, it is estimated that TechRidge will provide the following recurring economic impact:
1 (wages, salaries, + benefits paid to, direct, indirect, + induced workers associated w|construction)
15,947
Jobs
$926.1M
annual labor income
$3.24B
in annual economic output
Cumulative Tax Revenues (2021-2045)
Year after year, TechRidge is projected to generate significant economic impact for The City of St. George.
$76.2M
total fiscal impact (2021 and 2045)
The majority of the economic impact will come from property and sales tax
The innovations taking place on TechRidge are helping create new and higher-paying jobs for local talent. As workers, visitors, and locals are engaging with retail, restaurant, business, and adventure opportunities on TechRidge, it is making a major contribution to the economic stability of St. George and its residents.
.RCLCO. Economic and Fiscal Impact Analysis Report for TechRidge, LLC | November 2021. Click here to see full report:
2021 ® TechRidge, LLC
Address
475 S. Donlee Dr.
St. George Utah 84770
Phone
435-850-7820