Originally Published: March 13, 2018 6 a.m.
No industry pays average compensation higher than the technology industry. In neighboring states that gap is nominally 30 percent higher.
If the quad-city area were to have more such businesses, our citizens as well as graduates of our numerous educational institutions would have enhanced opportunities to stay here.
I agree with Prescott Mayor Greg Mengarelli’s recent proposal giving high priority to attracting technology businesses to establish operations in the quad city area thereby providing an opportunity to enhance availability of higher-paying jobs and enriching our community at large.
Further, he suggests that community and government leadership from each quad city band together, cooperating in attracting technology business into our region. His premise is: together we have a higher likelihood to succeed in attracting such businesses, thus creating a bigger technology industry pie from which each city could enjoy a larger slice.
“Coopetition” is a coined word describing this premise. Proved elsewhere and based upon my personal experience, it is an effective way to produce economic development results (in our region’s case - more higher-paying jobs).
Together with an enhanced regional airport providing scheduled flights to more major hubs, such a “coopetition” business attraction approach adopted and genuinely and sustainably supported by each of our Quad cities is an answer to enjoying this huge opportunity to increase the quantity of higher-paying jobs in our region.
Peter Genereaux, 10-year Quad city resident;
Founder and retired CEO of Utah Technology Council