Governor’s Office of Economic Development Mission

Vision Statement

Utah will lead the nation as the best performing economy and be recognized as a premier global business destination.

GOED takes a three-pronged approach to realizing Governor Herbert’s economic vision:

BUSINESS OUTREACH & INTERNATIONAL TRADE

• Works to identify and leverage specific industries and business “clusters” where Utah has competitive advantages • Assists emerging and rural companies with business needs Encourages development of Utah’s physical infrastructure and facilitates networking, access to human capital and financing sources • Through the International Trade and Diplomacy Office, conducts activities such as trade missions to encourage expansion of international business opportunities for Utah companies and to attract foreign investment

CORPORATE RECRUITMENT & BUSINESS SERVICES

• Focuses on retention and expansion of existing Utah companies, and the recruitment and relocation of new companies to the State • Works with existing small businesses to generate opportunities by engaging with local PTAC and

BRC offices

• Utilizes incentives to companies, in the form of post-performance grants and tax credits, which are contingent upon the creation of new jobs and the generation of new state tax revenue Incentives are post-performance, disbursements made only after the company meets contractual performance metrics • Incentives for film production have also become a determining factor in building the economic base of the Utah film industry

TOURISM, FILM & GLOBAL BRANDING

• Focuses on publicizing Utah to key domestic and international markets through trade shows, sales missions and familiarization tours

• Promotes Utah to create a positive brand for the State, which attracts new businesses and assists

Utah companies as they seek to market new technologies, increase international trade and generate economic activity • Creates opportunities for production companies to utilize Utah’s scenic backdrop and skilled workforce for film, television, commercial and other uses

GOED Values

• Work for Utah with integrity • Drive change and continuous improvement • Coordinate and collaborate with partners for success • Maintain the momentum of Utah’s “dynamic economy” • Be the best at what we do