Even through a tough economy, Salt Lake City has maintained a strong and growing business community. Home to several major corporations and gateway to Utah's outdoor sports, Salt Lake City is a great place for a business to set up shop. The city and state's licensing process is straightforward and easy. Business owners can expect to pay significant, but not overwhelming licensing fees. No one should be surprised that the clean and pleasant city of Salt Lake has high standards for health and safety, meaning that food businesses and those that produce hazardous materials face tight standards. Salt Lake has diversified its economy with mining, oil, steel, tourism, hospitality and retail. After hosting the 2002 Olympic Winter Games, international attention to Utah's outdoor sports activities has brought in lots of visitors and supported many new businesses.