Provo is Utah’s third largest city, located less than an hour from Salt Lake City. It has a population of approximately 112,000 residents, and as the home of Brigham Young University (BYU), a post-secondary institution that enrolls around 33,000 students every year, Provo is an important location for education.
The largest economic sectors in Provo are retail, health care, professional and scientific services, educational services, accommodation services, and information. Some of its major employers are Brigham Young University, the Utah Valley Regional Medical Center, Ancestry.com, Qualtrics, and NuSkin International. The city’s active workforce is around 60,000 people, and the median household income is approximately $44,300.
As an incubator for successful startups, Provo has a program called 1 Million Cups, which consists of meetings where local business leaders and entrepreneurs gather to chat, do business, and share ideas on how to grow their businesses. Provo has seen many successful startups built throughout its history, including Pluralsight, Qualtrics, Scan, and InsideSales.com.
What Are Personal Loans?
Personal loans are granted to individuals who are looking to fulfill various short-term financial needs. You could use a personal loan for many types of expenses, especially if you are currently low on cash. A personal loan may be a good alternative to cover a large unexpected bill, an emergency visit to the E.R., or a vehicle repair.
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References
- Provo Utah – Things to do, Places to Stay, and Information
- Provo City
- Unemployment Rate in Provo-Orem, UT (MSA) (PROV349UR) | FRED
- Provo, UT | Data USA
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