Economic Development Corporation of Utah (EDCUtah

OVERVIEW

Economic Development Corporation of Utah (EDCUtah) is an investor-based public/private partnership working with government and private industry to serve as a catalyst for quality job growth and increased capital investment. EDCUtah assists in-state companies to grow and recruits out-of-state companies to expand and relocate in Utah. EDCUtah accomplishes its mission by being the comprehensive source for economic data, key public and private contacts, and help through the expansion or relocation process.

The Governor’s Office of Economic Development (GOED) has partnered with EDCUtah to handle the state’s business recruitment efforts. This strong partnership has provided great success in recruiting businesses to Utah, and links state government with local government and the private sector in a unified approach to business recruitment. Businesses that visit Utah report that they are impressed with the level of collaboration they experience as they work with the state and local economic development organizations.

Even in a Down Economy, Companies Are Still Choosing Utah

During the 2009-2010 fiscal year, 18 companies have chosen to relocate or expand to Utah. Edwards Lifesciences, O’Reilly Auto Parts, Merit Medical Systems, and Goldman Sachs are prime examples of the quality of such companies.

Edwards Lifesciences, the global leader in the science of heart valves and hemodynamic monitoring chose to relocate its operations to Draper adding more than 1,000 jobs and retaining 228 jobs. The jobs are expected to exceed 125% of the county annual median wage.

O’Reilly Auto Parts, one of the largest specialty retailers of automotive aftermar- Edwards Lifesciences new facility. ket parts, tools, supplies, equipment and accessories in the U.S., has chosen to establish a 200,000-square-foot distribution center in Salt Lake City. The company will hire 450 employees.

Merit Medical Systems, Inc., a leading manufacturer of medical devices used in diagnostic and interventional cardiology and radiology procedures, will expand its facilities and hire an additional 392 employees.

Goldman Sachs, a leading global investment banking, securities and investment management firm, has decided to bring an additional 315 jobs to the State. Many of these positions will pay in excess of 150% of the current average wage for Salt Lake County.

EDCUtah worked in partnership with GOED, county and community officials, and the local business community to provide information, incentives, power, transportation access, and assistance to these companies as they came to their final expansion decisions. Many individuals from the community and private business sector came to the table to assist and show support for the projects and to the companies. It was truly a partnership effort.

Results

EDCUtah’s involvement in expansion and relocation projects generally includes many elements such as gathering and consolidating critical economic data, preparing sophisticated economic analyses, organizing and hosting meetings and site visits, connecting clients with key government and private sector individuals and departments, facilitating discussions and negotiations, and helping clients through the entire relocation/expansion process.

EDCUtah has also expanded its national proactive recruiting efforts by creating the new position of Director of Proactive Recruiting which operates out of Southern California. The program has begun to generate targeted leads and projects which EDCUtah is currently managing.

During the 2009-2010 fiscal year,

EDCUtah assisted the following companies that subsequently announced their intentions to expand or relocate in Utah.

• Decho Corporation (dba Mozy Inc.) • Edwards Lifesciences • Quality Bicycle Products • O’Reilly Automotive, Inc. • Conductive Composites, LLC • eBay Customer Support Center • Merit Medical Systems, Inc. • Semi Service Inc. • Haemonetics Corporation • Fairchild Semiconductor • Lofthouse Bakery Products, Inc. • Northrop Grumman • Goldman Sachs • Midwest Center for Stress and Anxiety • Green River Capital, LC • Janicki Industries • RBS Securities Inc. • Sutter Physician Services Goldman Sachs expands operations to 222 S. Main building in Salt Lake City.

For additional information about the Economic Development Corporation of Utah visit www.business.utah.gov or contact Jeff Edwards, President & CEO, at jedwards@edcutah.org or 801-328-8824.