June 5, 2023
Today, Salt Lake City celebrated the announced expansion of Fidelity Investments’ Digital & Technology workforce with nearly 300 new jobs anticipated in Salt Lake City over the next several months. Fidelity currently employees more than 2,800 associates in Utah—nearly 200 of those employees were hired in Q1 of this year.
”It’s an exciting day for Salt Lake City and our tech industry,” said Mayor Erin Mendenhall. “Salt Lake City is dedicated to fostering a healthy environment where residents have access to good, resilient, and high-paying jobs in industries like tech. When we bring quality jobs, everyone in the community benefits.
“Companies like Fidelity locate and expand to Salt Lake City because of our strong tech ecosystem, the existing emphasis here on the industry, and because of our access to regional talent,” continued Mendenhall. “When we started the Tech Lake City initiative in 2020, we knew all these things made Salt Lake City special, and we’re glad that companies see it, too. Salt Lake City’s robust technology and innovation industries, coupled with easy access to outdoor recreation and relatively low cost-of living will continue to drive economic prosperity.”
Lorena Riffo-Jenson, Executive Director of the Salt Lake City Department of Economic Development, said, “The Department of Economic Development and the City have been intentional in how we foster a healthy environment for tech growth. Through partnerships in education, industry, and workforce development, we have taken a holistic approach to connecting our community with this resilient industry.”
“Fidelity’s expansion of technology, digital and design roles in our Salt Lake City location is a testament to the supportive, business-friendly environment, the quality of work our associates here have been doing for years, and the potential of our collective futures in an impressive talent market,” said Lori Smith, Utah regional leader at Fidelity. “The new positions not only set Fidelity up for success to better serve our customers for years to come, they also enhance long-term career vitality for Utah associates of all levels.”
About Salt Lake City Department of Economic Development: Formed in 2016, Salt Lake City’s Department of Economic Development is focused on building Salt Lake City as a vibrant, beautiful, prosperous, diverse, and authentic place – a place that is economically accessible to everyone. Known as the “Crossroads of the West,” Salt Lake City is strategically located for businesses to succeed. SLCDED works to streamline processes, provide excellent customer service, and offer an array of resources and services to recruit and retain businesses in the City, and ensure they have the tools to thrive. Learn more atwww.slc.gov/ed.
About Fidelity: Fidelity’s mission is to strengthen the financial well-being of our customers and deliver better outcomes for the clients and businesses we serve. With assets under administration of $11.1 trillion, including discretionary assets of $4.2 trillion as of March 31, 2023, we focus on meeting the unique needs of a diverse set of customers. Privately held for over 75 years, Fidelity employs over 70,000 associates who are focused on the long-term success of our customers. For more information about Fidelity Investments, visit https://www.fidelity.com/about-fidelity/our-company.
About Tech Lake City: Tech Lake City is the overarching concept guiding Salt Lake City’s current and future economic development efforts, the centerpiece of which is the fast-growing health care innovation sector. Mayor Erin Mendenhall launched the Tech Lake City initiative in January 2020 to attract more innovation and tech talent to the City, and to help improve pathways to tech education and employment for all City residents, particularly those in underserved communities. Tech Lake City represents a pivot to a more-proactive, non-traditional approach to economic development focusing on strengthening key sectors, starting with health care innovation.Tags: Department of Economic Development, Fidelity, Salt Lake City Mayor Erin Mendenhall, Tech Lake City