Economic Development Corporation of Utah (EDCUtah

OVERVIEW

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

EDCUtah has partnered with GOED 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

Companies Choose Utah

During FY2011, 20 companies announced decisions to either relocate or expand in Utah These companies will add 6,763 jobs to the state’s economy, retain another 1,346 jobs, and will make capital investments in Utah totaling $795 7 million Thirteen of the companies are manufacturing concerns, four are in the information and IT industry, two are distribution/warehouse operations and one is a professional services business Meanwhile, of the 20 businesses, half fit within Governor Gary R Herbert’s industry cluster initiative

Adobe Systems Inc , ATK Aerospace Structures, Black Diamond, EMC Corporation and ITT Integrated Structures are a few of the quality companies that announced decisions to locate or expand their operations in Utah during this past fiscal year For example, ATK Aerospace Structures, a global leader in the use of advanced composites, is investing $100 million to develop a manufacturing facility in Clearfield for commercial aviation projects In addition to creating 800 jobs over the next 20 years, the company estimates those jobs will generate almost $1 billion in wages along the way

ITT Integrated Structures, a top-tier U S aerospace systems and services provider, is expanding its footprint in Utah by building a new $400 million compos-

ites manufacturing and engineering facility Fiscal Year 2011 Wins in the Salt Lake City area This expansion Black Diamond will create 2,707 new jobs while retaining ATK Aerospace Structures 400 existing jobs in the state Adobe Systems Inc. Litehouse Inc.

Meanwhile, software giant Adobe Sys- Post Plus Sound tems Inc , which purchased Orem-based Advanced H2O LLC Auburn Pharmaceuticals Omniture in 2009, announced that it will Rexnord Industries Inc. significantly expand its presence in Utah Overstock.com Czarnowski Display Service Inc. by building a new $100 million facility and Sterling ATM adding 1,000 jobs over the next 20 years JBS USA Holdings Inc. Liberty Safe Adobe’s investment in Utah adds to the US Synthetic critical mass of high-tech companies with CSN Stores Air Products & Chemicals Inc. operations in the state, such as Microsoft, Genpak IM Flash, Oracle, eBay, Disney and Twitter Darigold ITT Integrated Structures

EMC Corporation, another software/ EMC Corporation IT firm, plans to expand its workforce in Utah by adding 500 jobs within the next four years The company currently employs approximately 300 people at its current facility, but will invest $7 million for a new office in northern Utah County or southern Salt Lake County The company said its decision to expand in Utah was assisted by the state’s quality universities, lifestyle amenities, relatively low cost of living and a workforce with foreign language skills

Outdoor products company Black Diamond is also expanding its Utah operations The company will invest $1 million to expand its operations in Holladay and add 55 new jobs

A True Partnership

EDCUtah worked in partnership with GOED, county and community officials, and the local business community to provide information, incentives, power, transportation access and general assistance to these and the other 15 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

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