Letter from the Executive Director

S t a t e o f U t a h

G A R Y R . H E R B E R T Governor

G R E G B E L L Lieutenant Governor G o v e r n o r ’ s O f f i c e o f E c o n o m i c D e v e l o p m e n t

S P E N C E R P . E C C L E S Executive Director

Dear Legislator and Business Leader:

Governor Herbert has clearly defined job creation as one of his primary initiatives, and GOED’s goals align with this direction. We have a State with incredible talent and I’m excited to engage you as leaders in an effort that will harness our State’s strengths and ensure that we step forward into the future from a strong foundation.

It is a pleasure to present this Annual Report for FY2008-09. Utah continues to maintain a diverse economy and unemployment in Utah remains relatively low despite national trends that have reached double digits. Utah continues to be honored with accolades from leading business media and rating organizations, such as Forbes Magazine, which ranked Utah as a “Best Place” in the nation to do business for the third year in a row.

Establishing a safe and stable economy in the midst of turmoil is no small task. GOED is working hard to help create a good business climate where innovation and entrepreneurship can flourish. As we continue to improve Utah’s business friendly environment, GOED will focus on:

• Strengthening and growing existing Utah businesses, both urban and rural. • Encouraging entrepreneurship and investment. • Attracting national and international business. • Supporting education as an important component to Utah’s long term business viability.

We have an incredible team in the Governor’s Office of Economic Development and together we look forward to facing challenges and maximizing business oportunities as we serve the citizens of Utah. With your help and support we will make confident strides into a renewed economy where Utah leads the nation in innovative economic growth and remains a “State of Opportunity.”

Sincerely,

Spencer P. Eccles Executive Director

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