Salt Lake City is the capital and the most populous city of the U.S. state of Utah.The city was founded in 1847 by Brigham Young and his Mormon followers.Because of its proximity to the Great Salt Lake, the city was originally named "Great Salt Lake City".The city lies in the northeast corner of the Salt Lake Valley surrounded by the Great Salt Lake to the northwest and the steep Wasatch and Oquirrh mountain ranges on the eastern and western borders, respectively.
The modern economy of Salt Lake City is mainly service-oriented. The steel, mining and railroad operations provided a strong source of income with Silver King Coalition Mines, Geneva Steel, Bingham Canyon Mine, and oil refineries in the past.Presently the city's major industries are government, trade, transportation, utilities, and professional and business services. The city is known as the "Crossroads of the West" for its central geography in the western United States.
Local, state, and federal governments play important role in the city. Trade, transportation, and utilities also take up a significant portion of employment, with the major employer being the western North America Delta Air Lines hub at Salt Lake City International Airport. Equally important are the professional and business services. Health services and health educational services are significant areas of employment, including the largest health care provider in the Intermountain West, Intermountain Health Care. Other major employers include the University of Utah, Sinclair Oil Corporation, and The Church of Jesus Christ of Latter-day Saints.
Other economic activities include tourism, conventions, and major suburban call centers.Office vacancy rates are low in the downtown region.