Drive to attract new business to Utah has (un)intended consequences

(Trent Nelson | The Salt Lake Tribune) Construction of new units at The Meadows in American Fork on Wednesday, June 23, 2021.

By Fred Ash | Special to The Tribune

  | July 29, 2021, 3:30 p.m.

Recently there have been three issues commented on quite regularly: runaway housing costs; unacceptable reduction of available water; and the negative impact on the quality of life in Salt Lake County by the inland port. Each of the issues has a common cause: The Utah Legislature’s attracting many new businesses to the state through financial incentives.

Utah has always experienced ups and downs in the real-estate market. With natural growth there were times when available housing was not as good as could be and housing costs would go up, but then things would stabilize and prices would go back down a degree.

But now Utah is one of or the fastest growing states in the nation due to the many new businesses, and about 45% of the new population growth has been…

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