Ever since the City of Orem traded in its farms and orchards for the likes of WordPerfect and Novell, publications around the country have taken notice of Orem’s pro-business environment. Most recently, Entrepreneur Magazine named Orem the No. 1 area for entrepreneurs in mid-sized companies, a recognition that has become commonplace in such rankings. Orem’s residents have cultivated an entrepreneurial spirit that saw the city issue more than 800 new business licenses in 2000. Orem’s proximity to more than 50,000 students from Brigham Young University and Utah Valley University ensures that the city’s workforce needs will be well-cared for as the economy continues to grow.
Orem, with its business-oriented city government structure, is home to more than 4,000 businesses. National retail giants such as Wal-Mart, Target, and Costco all operate in Orem. Orem is also a hotbed for technology companies, with more than 236 high-tech companies within the city limits. Many high-profile, internationally recognized companies such as Novell, WordPerfect, PowerQuest, and MyFamily.com all got their start in Orem, signifying the city’s continuing innovative and successful entrepreneurial spirit. In fact, the December 2000 issue of Inc. ranked the Orem-Provo area as the second best city in America for new and growing companies.
Here is a list of other recent recognition that helps contribute to Orem’s great business climate:
- Most growth potential in key markets over the next decade –Sales & Marketing Management
- America’s most livable community –Money Magazine
- No. 1 community in its population group for high-growth companies –National Commission on Entrepreneurship
- One of the nation’s best areas for job growth –Forbes
- One of the top 20 best places to live and work –Employment Review Magazine (May 2000)
- No. 1 “Entrepreneurial Hot Spot” in the nation for the next 20 years –Cognetics
- 12th best place in America to raise a family –Reader’s Digest
- Fourth fastest-growing economy in the nation –U.S. Conference of Mayors