Salt Lake City's tech marketis taking off. The tech movement has been called Silicon Slopes,and while there has been a recent surge in activity, the market isbuilt on a strong computer science industry dating back decades. Asthe latest milestone, Collective Medical is opening itsheadquarters in Cottonwood Corporate, which the company says willaccommodate more growth. The city's economic growth and talentedlabor pool—from the University of Utah—will propel more techindustry growth.

“Global tech companies such as Adobe, EMC, Micron,Intel, Facebook and Microsoft alloperate from Salt Lake City headquarters,”Bryan Welch of ColliersInternational tells GlobeSt.com. “Tech growthhas undoubtedly put Silicon Slopes on aninternational map. However, economic diversity and strongbusiness fundamentals remain the key toUtah's success. The state hasan educated workforce, favorable public policies, a highquality of living and advantages when it comes tolabor costs. All of these factors offer anincredible opportunity for tech companies looking toincrease market share and expand global operations withinan environment that favors commercial growth.”

The Collective Medical lease, brokered by Colliers InternationalSVPs James Mack and Lora Munson,is an important part milestone in the growth of Silicon Beach.“Collective Medical exemplifies a rapidly growingclip of homegrown Utah technologycompanies finding success on a global scale,” addsWelch. “Utah headquarters and real estaterequirements are becoming more sophisticated. Companieslike Collective Medical demonstrate exactly whatcan be achieved by implementing effective real estateexpansion strategy and leveraging the sound business fundamentalsfound within the Utah market.”