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Altabanking episode 14 with Natalie Gochnour

June 12, 2020

Natalie Gochnour – Altabanking Interview KSL Radio Transcript:

Segment title: How Utah Businesses Can Prepare For Economic Recovery

GRANT: Welcome to Altabanking. Weekly business talk geared toward elevating your financial future. Natalie Gochnour is director of the Kem C. Gardiner Institute at the University of Utah and a member of the Altabank board of directors. Welcome back Natalie. You mentioned last time we talked how Utah’s economy is faring so much better than many other states. How can a business take advantage of the inherent strength of the Utah economy? 

NATALIE: Well prior to the pandemic, there were a number of major economic shifts on the horizon. Many of these trends such as ecommerce have been accelerated by the pandemic. The pandemic also catalyzes new trends such as shorter, more reliable supply chains, the value of remote work to productivity and air quality, and even more focus on local agriculture and food products.

GRANT: Natalie, we’re always looking forward, so what are the next steps in Utah’s economic recovery?

NATALIE: Well it’s all about investment. I expect Governor Herbert and legislative leaders to do three things: Invest In construction-ready roads, transit, water, broadband and life quality; Invest In the rapid rescaling and upscaling of Utahns in fields that benefit from short-term credentials and skill trades, non-degree certificate programs and even one-year graduate programs; and then third, continue to invest in long-term trends for which Utah has a competitive edge.

GRANT: We’re just about out of time, Natalie. But any final comments?

NATALIE: I would just say that I continue to believe that Utah is well-positioned to deliver value during a difficult time and our future is bright.

GRANT: Thank you, Natalie. This has been Altabanking. Brought to you by Altabank. Member FDIC Equal Housing Lender.