Economic Development Corporation of Utah (EDCUtah

OVERVIEW

The Economic Development Corporation of Utah (EDCUtah) is an investor-based public-private partnership that works with government and private industry to bring quality job growth and increased capital investment to Utah EDCUtah assists in-state companies with expansion and recruits out-of-state companies to relocate to Utah EDCUtah accomplishes its mission by providing companies with comprehensive economic data as well as access to key public and private contacts EDCUtah serves as the point-of-contact for companies considering a move to Utah

EDCUtah partners with GOED to handle the state’s business recruitment efforts This strong partnership proves incredibly successful in recruiting businesses to Utah and links state government with local government and the private sector in a seamless manner 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

A New Record for Jobs Created and Retained

During FY2014, 36 companies announced decisions to relocate or expand in Utah, which will add 8,326 new jobs over the coming years, retain another 733 jobs and create capital investments totaling $677.5 million. Here’s a breakdown:

Jobs to be Created 8,326

Jobs Retained 733

Capital Investment $677.5 billion

Square-footage 1.9 million

Headquarters Relocations 8

“It’s been another strong year for economic development with 8,326 jobs to be created and another 733 jobs retained during EDCUtah’s fiscal year,” said EDCUtah President and CEO Jeff Edwards “Utah continues to compete and win major relocation and expansion projects This is a fantastic time for economic development in Utah ”

Notable project wins during the fiscal year include Cardon Outreach with 690 jobs in Salt Lake County; Allstate with 650 jobs in Ogden; Varian Medical with 1,000 jobs in Salt Lake City; Cabela’s with 600 jobs in Tooele County; and Oracle with 351 jobs in the state

EDCUtah COO Todd Brightwell with Mayor Mike Caldwell (Ogden), Steve Fishburn (Ogden) and Brad Peterson (GOED) at the Interbike Trade show in Taiwan

Easton Salt Lake Archery Center

More than half of EDCUtah’s active projects are related to manufacturing companies, but the organization is seeing significant interest from the IT sector The IT sector is maturing in Utah and many of the new projects are reflective of that

EDCUtah reports that one successful project win creates momentum, and other businesses take notice For example, EDCUtah expects growth in the insurance industry based on Esurance’s decision to open a location in Ogden Esurance, a subsidiary of Allstate, sells insurance to consumers online and over the phone, and employs nearly 3,000 associates nationwide Allstate’s expansion in Utah will prompt other insurance providers to take a second look at Utah

EDCUtah COO Todd Brightwell speaks at the Esurance grand opening in Ogden, Utah

Rankings

During the fiscal year, Utah enjoyed significant rankings from the national media and organizations like Pollina Corporate Real Estate, which ranked Utah at the top of its list of 10 Pro Business States These credible rankings are important because they draw attention to the state, piquing the interest of companies and as a result Utah is considered for projects it might not have otherwise been considered for

Fiscal Year 2014 Wins

• STO Inc • Easton-Bell Sports • New York Mint, LLC • Rheem • United States Bakery • Cardon Outreach • OOCL (USA) • School Improvement Network • Veterans Medical Supply, Inc. • Indus Valley Partners • Yosemite Meat Co. Inc. • Allstate • Atlas Insight, LLC • Teleperformance USA • Frontier Communications • American Cruise Lines, Inc. • Beijer Electronics • Lin Manufacturing • U.S. Oil Sands Inc • Varian Medical Systems • Ottobock • Cobalt Health • Enel Green Power • Advance Storage Products • Environmental Stoneworks • Houwelings Tomatoes • Jive Communications • McCarty-Strong Global, LLC • Wilson Electronics • Pactiv Corporation • Thumbtack • Allstate • Cabela’s Inc. • Maxtec • Airgas • Oracle Corporation

Members of the EDCUtah and GOED staff at the ground breaking for Houweling’s Tomatoes

Strong Partnership

EDCUtah’s strong partnership with GOED is one of the reasons Utah has enjoyed such economic development success over the past year The strong dayto-day working relationship between the two organizations is more than symbolic EDCUtah and GOED are fully integrated into each other’s processes, which translates into a seamless customer experience Furthermore, Governor Herbert’s active role in economic development is certainly a key part of Utah’s economic development success When a company visits Utah, they find everybody is working in the same direction, from Governor Herbert to the teams at GOED and EDCUtah to our partners in education, local government and the business community

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