Utah Facts - 2009 by Utah Governor's Office of Economic Opportunity

UTAH FACTS 2009 SPECIAL REPORT HEALTHCARE / WORKFORCE / EDUCATION / POPULATION / GOVERNMENT TRANSPORTATION / REAL ESTATE / PUBLIC UTILITIES / QUALITY OF LIFE

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Friend of Economic Development: Utah is often praised in the media as a great place to live and work; this publication will give you a better idea of why the accolades continue. Whether you enjoy the snow-capped mountains or the red sandstone deserts, the Utah landscape is filled with variety. The State’s business landscape is just as diverse; Utah leads the world in high-tech, bio-medical, outdoor products, and recreation, with a broad array of industries in between. As you read the official publications of the Governor’s Office of Economic Development, Business Utah or Utah Facts 2009, I am confident that you will discover what almost 3 million Utah residents already know: this is an unparalleled place to build a business and live life to its fullest. We invite you to explore the many facets of the nation’s most dynamic economy; a place where the State works hard to nurture an environment where businesses can flourish. Utah’s extraordinary growth has been driven by a vibrant and creative business community. A productive workforce, low taxes and highly innovative research universities all combine with a businessfriendly government to support economic growth. The Utah Governor’s Office of Economic Development is collaborating with business and thought leaders to strengthen our broad economic base. We are building on success and we invite you to join us in the endeavor. Sincerely,

Jason P. Perry EXECUTIVE DIRECTOR, UTAH GOVERNOR’S OFFICE OF ECONOMIC DEVELOPMENT

UTAH FACTS 2009

UTAH FACTS 2009 4 6 10 14 18 20 24 27 30

HEALTHCARE WORKFORCE EDUCATION POPULATION GOVERNMENT TRANSPORTATION REAL ESTATE PUBLIC UTILITIES QUALITY OF LIFE

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HUNTSMAN CANCER INSTITUTE

UTAHNS HAVE THE GOOD FORTUNE of not only being one of the most

healthy populations in the nation, but also having access to model healthcare delivery and world-leading research and development in some of the most exciting and progressive new areas of medicine and bioscience. Utah was ranked fifth overall in the 2008 annual Health Rankings by the United Health Foundation – up one place from the previous year. Utah ranked among the top ten states on 14 of the 22 measures used by the Foundation in assessing a State’s overall health. Strengths for Utah include a low prevalence of smoking at 11.7 percent of the population, a low infant mortality rate at 5.1 deaths per 1,000 live births, few preventable hospitalizations with 46.8 discharges per 1,000 Medicare enrollees, a high rate of high school graduation with 84.4 percent of incoming ninth graders who graduate within four years, a low violent crime rate at 235 offenses per 100,000 population and a low prevalence of binge drinking at 9.5 percent of the population. Additionally, in 2008 the incidence of infectious disease decreased from 7.0 to 5.3 cases per 100,000 population from the year earlier (moving up to fifth place from tenth), and while the prevalence of smoking increased from 9.8 percent to 11.7 percent of the population, Utah maintained its number one ranking on this measure. Additionally, Utah led the nation in fewest cancer deaths per 100,000 population at 145.7, down from 147.0 for the previous year, and was ranked number three nationwide in fewest cardiovascular deaths per 100,000 population at 243.2, an improvement from a fifth place ranking in 2007 at 255.0. According to the U.S. Department of Health and Human Services, Utah’s population has the third-longest life expectancy in the nation at 78.6 years.

HEALTH CARE

HIGHLIGHTS 84.4 percent of Utah’s population has health insurance coverage.

Utah ranks 5th nationally for overall health of its workforce, according to the United Health Foundation.

Utah has the nation’s lowest number of smokers.

3 Utah Hospitals ranked among America’s best hospitals including Primary Children’s Medical Center, LDS Hospital and University of Utah Hospitals.

LDS HOSPITAL

UTAH FACTS 2009

COST-EFFECTIVE QUALITY CARE Utah is a leading center for innovation and delivery of high quality cost effective care for its citizens. Recent research by John Wennberg and his colleagues at Dartmouth Medical School suggest that if everyone in America received their health care at Intermountain Healthcare in Salt Lake City, the counties health-care costs would be lowered by one-third (as reported by JOHN C. GOODMAN, The Wall Street Journal April 5, 2007; emphasis added). In 2008 – for the sixth time – Salt Lake City-based LDS Hospital was named one of America’s best hospitals by U.S. News & World Report magazine. Out of 5,462 hospitals evaluated across the nation, LDS Hospital is one of only 170 medical centers – or 3 percent – that was ranked by the magazine. The University of Utah Health Sciences Center is also nationally-known for its patient care and teaching facilities. The Center includes the University Hospital, the School of Medicine and the School of Nursing. In addition, a variety of Intermountain Healthcare facilities, St. Mark’s Hospital and other Utah health care providers have garnered national and global recognition. Utah’s research facilities, such as the Huntsman Cancer Institute, the Moran Eye Institute and Primary Children’s Medical Center, are internationally recognized for innovative research and health care. Utah citizens are well served by the high-quality medical care available throughout Utah. Some 50 hospitals contain more than 4,800 staffed beds. Major medical facilities are concentrated in the Wasatch Front region, with 19 hospitals in Salt Lake County, four in Utah County, four in Davis County and two in Weber County. Utahns also enjoy ready access to a number of national and regional health plan providers as well as employee group benefits providers that service employers of all sizes. UTAH LIFE SCIENCES AND BIOTECHNOLOGY Utah’s health care system benefits from the State’s leading position in biotechnology and life sciences research and commercialization. Utah’s research universities and companies such as Myriad Genetics, Merit Medical, Lineagen, Sonic Innovations and ZARS Pharma are pioneering groundbreaking research in life sciences—proteomics, targeted drug therapies/drug delivery systems and medical devices. In biotechnology, innovations in molecular diagnostics, genetic research and databases, and other advanced technologies will continue to keep Utah on the forefront of this fast-changing industry. For example, to date, the University of Utah has identified more disease-related genes than any other university in the world and produced Nobel Prize-winning research. Utah has played a leading role in key biotechnology and genetics-based breakthroughs that are revolutionizing medicine and healthcare delivery worldwide. Among Utah’s significant “firsts” are the following:

Utah Population Database (UPDB): The UPDB is a rich source of information for genetic, epidemiological, demographic, and public health studies. For more than 30 years, researchers have used this resource to identify and study families that have higher-than-normal incidents of cancer or other diseases, to analyze patterns of genetic inheritance and to identify specific genetic mutations. In addition, demographic studies have shown trends in the fertility transition and changes in mortality patterns for both infants and adults. The UPDB provides access to information on 6.5 millionplus individuals and supports more than 75 research projects.

Utah – An Ideal Genetic Laboratory: Utah’s roots in large, stable families – once seen as a regional quirk – are increasingly viewed by scientists as something more: a near-perfect laboratory for the study of human kinship. Utah DNA is being used for an international study that seeks to identify chromosomes linked to diseases like asthma and diabetes. Other researchers are studying how the genes for left-handedness or longevity or even the ability to taste bitter foods have moved through the Utah gene pool over time. A nonprofit foundation in Utah is compiling a giant genetic database that will try to pinpoint – after a quick swab of a person’s cheek for a DNA sample – where the person’s ancestors came from. The Nobel Prize in Physiology or Medicine 2007: Mario R. Capecchi, Ph.D., of the University of Utah was recognized for his pioneering work on “knockout mice” technology, a gene-targeting technique that has revolutionized mammalian biology and allowed the creation of animal models for hundreds of human diseases, including modeling cancer in the mouse. In 2008 Utah also hosted the first National Summit on Personalized Health Care, an annual event convened by Utah Governor Jon M. Huntsman. The honorary 2008 co-chairs were U.S. Department of Health and Human Services Secretary Michael Leavitt and Harvard Business School professor Clayton Christensen. This invitation-only Summit brings together leading stakeholders in this promising new area of medicine in order to achieve a common understanding of the possible future for health care, especially based on the use of new tools of genomics, molecular diagnostics and informatics.

Roots of the Human Genome Project: The Alta Meeting: On December 9-24, 1984 leading researchers met at the Alta ski resort in Utah’s Wasatch Mountains for what was to become an important catalyst to the foundation of the Human Genome Project. Many historical threads in the fabric that later became the Human Genome Project wind through that meeting, The Alta meeting was sponsored by the Department of Energy (DOE) and the International Commission for Protection Against Environmental Mutagens and Carcinogens and organized by Raymond White of the Howard Hughes Medical Institute at the University of Utah.

Multi-generational Family DNA Research Participation: For over 30 years families in Utah have contributed to crucial early pioneering DNA research projects, through both the Centre d’Etude du Polymorphisme Humain (CEPH) project and later the Utah Population Database (UPDB). The unique lineage and demographic profile of these families makes this data a treasure trove for advanced DNA research. UNIVERSITY OF UTAH HOSPITAL

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IM FLASH TECHNOLOGIES, LEHI, UTAH

JOB CREATION AND JOB GROWTH have been a hallmark of Utah’s

economy for a number of years running. And while that growth may move up and down with economic swings, Utah consistently performs well above the national averages and within the top rankings for all states nationwide. Coming off the nation’s number one ranked employment growth rate from 2006-2007 – 4.0% vs. 1.1% average for the U.S. – the State has maintained growth ahead of the national average in the 2007-2008 time frame. While Utah has not been immune to the global economic downturn, it has considerably outperformed the U.S. average. In January 2008, the State’s unemployment rate was 4.6%, compared with a national rate of 7.6%. This resiliency has helped garner numerous awards, accolades and top rankings capped by a recent designation that is especially telling in the current business cycle. A late 2008 Forbes magazine ranking included Salt Lake City among its national list of the Top Ten most recession-resistant cities. SOLID FUNDAMENTALS Utah’s top-tier economic performance is driven by a number of solid fundamental workforce characteristics that translate to a highly attractive business climate and sustained job growth. Many executives operating businesses in the State note the high level of education they find among workers and potential employees. The State has a highly educated population and enjoys a high literacy rate, and ranks sixth in the nation in the percentage of people 25 years and older who have completed high school.

WORKFORCE

Utah is a right-to-work state, with only about 6 percent of employees affiliated with unions.

UTAH FACTS 2009

HIGHLIGHTS In 2008, Utah’s average annual nonagricultural wage was $37,563, an increase of 2.8 percent from 2007.

Intermountain Health Care is Utah’s largest private employer.

Utah’s exports increased 37.9 percent to $10.8 billion in 2008.

Utah ranks first among U.S. states in Economic Dynamism in the 2008 Kauffman Foundation New Economy Index.

Utahns enjoy the third longest life expectancy in the nation, at 78.7 years. ct Utah’s workforce is also highly tech savvy. The State consistently ranks at or near the top of states for technology use among its population, including first among U.S. states for PC Penetration in the most recent U.S. Census Bureau study. In an increasingly global economy, the unusually high level of multilingual capability in the State’s populace translates to a more flexible and capable workforce. Many Utahns have lived and worked abroad, which greatly enhances their ability to make an immediate contribution to the success of Utah-based companies and divisions that operate internationally. According to the Utah Governor’s Office of Economic Development, approximately 80 languages are taught at Utah universities and more than 130 languages are spoken in the State. Approximately 80 percent of students at Brigham Young University are multilingual. Employers also find the health, youth and vitality of the workforce to be a great asset to their success. Utah has the highest birthrate and youngest median age in the nation, and ranks among the nation’s healthiest populace. The most recent edition (2008) of the United Health Foundation’s America’s Health Rankings found Utah to be the fifth healthiest state in the United States, with the country’s lowest prevalence of smoking and the lowest incidence of cancer-related deaths. Utahns enjoy the third longest life expectancy in the nation, at 78.7 years, according to the U.S. Census Bureau.

UTAH NONAGRICULTURAL EMPLOYMENT 2008 County January Beaver 1,977 Box Elder 20,284 Cache 51,162 Carbon 9,366 Daggett 397 Davis 101,059 Duchesne 7,828 Emery 3,867 Garfield 1,857 Grand 3,742 Iron 16,928 Juab 3,204 Kane 2,703 Millard 3,875 Morgan 1,862 Piute 334 Rich 623 Salt Lake 598,503 San Juan 3,941 Sanpete 7,644 Sevier 7,976 Summit 26,485 Tooele 15,175 Uintah 14,144 Utah 184,718 Wasatch 6,544 Washington 52,007 Wayne 945 Weber 95,526 State Total 1,244,676

February 1,997 20,318 51,175 9,382 411 101,143 7,926 3,849 1,897 3,915 16,956 3,227 2,722 3,873 1,859 339 617 599,820 3,990 7,627 7,985 26,494 15,221 14,269 185,102 6,514 52,085 939 96,160 1,247,812

March 2,045 20,784 51,108 9,436 406 102,234 8,026 3,869 1,961 4,545 17,071 3,292 2,880 3,938 1,854 334 629 601,126 4,124 7,673 8,009 25,836 15,339 14,380 185,683 6,482 52,409 989 96,723 1,253,185

preliminary: January-June, forecast: July-November

April May 2,040 2,141 20,561 20,651 51,226 50,513 9,441 9,526 412 446 103,926 105,437 8,172 8,352 3,961 4,074 2,375 2,725 4,767 5,119 17,043 17,087 3,279 3,332 3,073 3,368 4,055 4,108 1,901 1,959 350 369 653 747 603,256 603,806 4,244 4,407 7,852 7,856 8,101 8,243 23,954 20,253 15,521 15,811 14,766 15,180 187,537 183,850 6,558 6,740 52,034 52,364 1,121 1,178 97,053 96,910 1,259,232 1,256,552

June July August 2,230 2,116 2,161 20,938 20,436 20,309 50,425 48,050 48,900 9,417 9,180 9,312 475 484 471 106,001 105,640 104,972 8,578 8,421 8,611 4,009 4,026 4,092 2,828 2,857 2,861 5,267 5,264 5,162 16,286 15,667 15,605 3,361 3,329 3,369 3,533 3,438 3,465 4,127 3,952 3,945 1,962 1,948 1,987 337 332 344 922 948 962 604,820 604,058 607,725 4,464 4,199 4,325 7,821 7,079 7,310 8,342 8,420 8,444 21,094 21,180 21,139 15,911 15,883 15,845 15,457 15,185 15,562 184,143 179,899 182,939 6,915 6,575 6,630 52,218 52,916 52,247 1,208 1,190 1,182 96,720 95,738 95,720 1,259,809 1,248,408 1,255,596

September October 2,210 2,142 20,958 20,792 51,100 51,300 9,429 9,508 458 407 104,756 103,361 8,618 8,659 3,807 3,897 2,785 2,659 5,064 5,004 16,958 17,102 3,382 3,383 3,416 3,303 4,031 3,948 1,972 1,998 354 343 878 741 607,454 604,090 4,330 4,326 8,062 7,931 8,439 8,459 20,835 21,070 15,624 15,681 15,843 16,139 187,701 187,223 7,029 7,075 52,575 51,874 1,179 1,148 95,738 95,502 1,264,984 1,259,065

November 2,162 20,723 51,900 9,603 379 102,791 8,671 3,862 2,356 4,549 7,285 3,413 3,175 3,925 1,975 340 725 606,234 4,240 8,036 8,387 22,077 15,682 16,233 187,049 7,056 51,088 1,053 95,937 1,260,906

Source: Utah Department of Workforce Services, Workforce Information. 12/16/08

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BUSINESS ENVIRONMENT AND EMPLOYMENT CHARACTERISTICS Utah’s tremendous job growth is fostered by an exceptional business environment. The Kauffman Foundation’s 2008 State New Economy Index named Utah first in the nation for Economic Dynamism, first for Inventor Patents and third for Fastest Growing Firms. Forbes magazine named Utah second in its 2008 “Best State for Business” rankings. The Utah Department of Workforce Services estimates that for 2008, the average wage in the State increased 2.8% to $37,563, down from a historic high of 5.6% in the previous year. Data comparisons also show that Utah’s more experienced workers are highly competitive against national comparisons. This trend will continue to maintain the State’s favorable household income ranking. The average Utah household income of $55.109 (measured by the U.S. Census Bureau, 2007 American Community Survey) is the thirteenth highest in the U.S. compared to the national average of $50,740. Utah’s young working population is a strong positive for business today and into the future. According to U.S. Bureau of Labor Statistics, Utah’s unemployment rate was 4.6% in January 2009, third lowest among U.S. states, compared with a national average of 7.6%. The 2007 annual unemployment rate of 2.7 percent was the nation’s second lowest. Reflecting a weakening economy, from January 2008 to January 2009, the number of Utah jobs decreased 20,400 (1.6 percent) to 1,224,100. More than 15,000 of these lost jobs were in the construction industry. This follows a year in which Utah held the highest

UTAH EMPLOYMENT BY INDUSTRY: 2007-2008* ANNUAL AVERAGE

Source: Utah Department of Workforce Services, *estimate

UTAH FACTS 2009

Obstetricians and Gynecologists Surgeons Internists, General Anesthesiologists Pediatricians, General Family and General Practitioners Podiatrists Lawyers Psychiatrists Air Traffic Controllers Engineering Managers Optometrists Real Estate Brokers Marketing Managers Computer and Information Systems Managers Pharmacists Natural Sciences Managers Securities, commodities, and financial services sales agents Computer Software Engineers, Applications General and Operations Managers

$93.25 $92.70 $77.48 $74.87 $70.84 $65.79 $61.68 $59.58 $57.98 $43.08 $39.17 $38.59 $38.33 $37.92 $36.20 $36.08 $34.75 $34.17 $34.16 $33.95

Source: Utah Department of Workforce Services

employment growth rate in the nation at 4.0 percent (2007) and demonstrates the State’s consistent strength in job growth and employment. The highest job growth for 2008 came from the natural resources and mining sector (12.4%); education and health services (4.4); government (2.1); leisure and hospitality (1.9); professional and business services (1.8 percent); and trade, transportation and utilities (1.7). Overall, the Utah industry category with the largest number of workers was trade, transportation and utilities, employing approximately 249,800 workers in 2008. This category was followed by government (211,200); professional and business services (163,900); education and health (146,200); manufacturing (126,500); and leisure and hospitality (115,000).

L-3 COMMUNICATIONS, SALT LAKE CITY

Natural Resources and Mining Construction Manufacturing Trade, Transportation & Utilities Information Financial Activities Professional & Business Services Education & Health Leisure & Hospitality Other Services Government Total

UTAH’S HIGHEST PAYING OCCUPATIONS

Percent Change 12.4% -14.9% -0.9% 1.7% -2.0% -1.9% 1.8% 4.4% 1.9% 0.7% 2.1% 0.2%

TARGETED TRAINING AND EDUCATION Utah has been an innovative leader in the implementation of programs that provide specific worker training and education to better fit their skills to the growing and evolving needs of the State’s dynamic companies, as the following examples illustrate. In its first year of operation The Incumbent Worker Training Program, sponsored by the Utah Department of Workforce Services, has assisted employers in training over 1,300 workers in employer-directed job-specific areas. The program provides qualified employers with a matching 50-50 grant for expenses related to training workers in new job-related skills. Employers develop a detailed training plan that addresses specific skills required in their businesses and how the training will benefit not only the employee and the company, but the broader community as well. Employers can provide their half of the expense in cash or through in-kind contributions to the training process, such as production of training manuals and other training-related materials and resources. The program has been in high demand with employers who are able to train for specific positions requiring specialized skills and knowledge that have been especially hard to fill in Utah’s tight labor market. The Davis Applied Technology College (DATC) is another innovative workforce training institution that is helping to support Utah’s fast-growing high performance composites business with qualified workers and technicians from within the State’s current workforce. DATC was recently awarded a $2.2

UTAH OCCUPATIONS WITH MOST OPENINGS 2004-2014 Retail Sales Workers Cashiers Customer Service Reps Waiters/Waitresses Fast Food Workers Office Clerks, General Registered Nurses Janitors/Cleaners Truck Drivers, Heavy

2,700 1,900 1,400 1,300 1,300 1,200 1,100 1,100 1,000

Source: Utah Department of Workforce Services.

million grant to grow composites education in Utah. The grant supports focused marketing and recruitment efforts to encourage new or transitioning workers to move into the composites industry. Besides core compositesspecific knowledge and skills, the DATC curriculum also includes job seeking/keeping skills targeted at improving worker placement and retention. The college works in close partnership with a wide variety of educational institutions, corporations, societies and governmental agencies. RIGHT-TO-WORK Utah is one of 22 U.S. states operating under a right-to-work law. Under the Utah provision, no individual seeking or holding a job in the State may be forced to join or pay dues to a labor union, nor conversely prevented from joining a union and/or engaging in collective bargaining. Union membership is low in Utah, with only about 6 percent of manufacturing employees affiliating with unions, compared to a national average of about 12 percent. UTAH’S LARGEST EMPLOYERS The list of Utah’s 10 largest employers has remained fairly consistent in recent years. Two organizations in the State employ more than 20,000 workers each: Intermountain Health Care, a statewide network of hospitals and clinics; and the State of Utah. Utah’s two largest universities – Brigham Young University and the University of Utah (including the University Hospital) – are the next-largest employers, with between 15,000 and 19,999 employees. Wal-Mart, with its growing number of Utah stores, is in the 10,000-14,999 employee category as the State’s fifth-largest employer. Hill Air Force Base, a military installation in Ogden, also employs between 10,000 and 14,999. Two major school districts, Granite and Jordan, have employees numbering between 7,000 and 9,999. Utah State University is the ninth-largest employer, followed by Davis County School District; both employ between 5,000 and 6,999 Utah workers.

HIGHEST PAYING UTAH OCCUPATIONS WITH 100 OR MORE ANNUAL OPENINGS 2004-2014 General/Operations Managers Computer Software Engineers, Systems Lawyers Chief Executives Mechanical Engineers Pharmacists Computer/Information Systems Managers Dentists Engineering Managers Engineering Managers

760 330 250 210 180 140 130 130 110 100

Source: Utah Department of Workforce Services.

FASTEST GROWING UTAH OCCUPATIONS WITH 100 OR MORE ANNUAL OPENINGS 2004-2014 Computer Software Engineers, Applications Network Systems and Data Communications Analysts Home Health Aides Computer Software Engineers, Systems Software Medical Assistants Compensation/Benefits Specialists Network/Computer Systems Administrators

7.7% 7.5% 7.4% 7.0% 6.2% 6.0% 5.9%

Source: Utah Department of Workforce Services.

Utah ranks first in the nation for the percentage of households with computers. WWW.BUSINESS.UTAH.GOV Source: U.S. Census data

EDUCATION IS IMPORTANT IN UTAH – so important that educating

America’s fastest-growing workforce ranks as one of the Governor’s top three priorities for the State three years running. That focus has translated into substantive action to elevate and augment an already strong educational system statewide, which includes not only highly ranked and highly regarded traditional educational institutions and programs, but a growing number of workforce training, applied technology, and career and vocational educational opportunities. Utah consistently ranks among the nation’s leading states for the percentage of its population 25 years and older who earn high school diplomas and four-year degrees: In 2008 Utah ranked sixth in the percentage of persons with high school diplomas (90.2%) and 18th in the percentage of persons with a bachelor’s degree (28.7%). K-12 EDUCATION Utah’s network of public and private K-12 schools offers high quality primary and secondary education to students in the State. Some of the programs in Utah’s schools include: special education and gifted and talented curricula; a variety of vocational courses of study, such as agriculture, business marketing, entrepreneurship, applied technology, economics and workbased learning; early graduation; distance- and computer-based learning; and adult education. In 2008, there were an estimated 551,013 students in Utah’s public education system, an increase of 13,360 students or 2.5% over 2007. Student

EDUCATION

HIGHLIGHTS

Utah has 10 public and three Utah-based private universities and colleges.

28.7 percent of Utahns have a bachelor’s degree or higher. The national average is 27.5 percent. 90.2 percent of Utahns have at least a high school degree. Utah high school students have the seventh-highest scores on the ACT test.

UTAH FACTS 2009

The Utah GOED Centers of Excellence Program has been effective at commercializing promising university technologies.

performance is also on the rise in Utah. According to the Utah Board of Education, Utah’s students continue to score above the national average on standardized tests. The Iowa Test of Basic Skills (ITBS) is administered in grades 3, 5, 8, and 11. In 2006, third and fifth graders scored 8% above the national average, eighth graders scored 6% above the national average, and eleventh graders scored 9% higher than the national average. Utah high school students taking standardized tests such as the ACT, SAT and Advanced Placement tests consistently score much higher than the national average. In 2008, the average score of Utah students taking the ACT ranked seventh nationally. PRIVATE AND CHARTER SCHOOLS Utah’s 92 private and parochial schools, spread throughout 19 of the State’s 40 school districts, provide quality educational options for the approximately 17,000 students attending these schools. At approximately 3 percent, Utah has the lowest percentage of students in private schools in the nation. In addition to public and private schools, Utah parents can opt to send their children to one of the State’s innovative charter schools. Charter schools are non-sectarian public schools that are open to all students at no cost, but are geared to a specific curriculum or area of special interest and preparation for the students. Some of Utah’s distinctive charter schools include science and technology high schools, schools for fine arts, performing arts, early college coursework and other areas. Tuacahn High School near St. George,

for example, focuses on arts programs, while the curriculum at the Academy of Math, Engineering, and Science in Salt Lake focuses on college preparation. The number of Utah charter schools has grown steadily since the program began in 2000 with eight schools and 390 students. In 2008, 65 Utah charter schools educated 23,369 students, with six additional schools slated to open in 2009. For more information and a directory of the State’s current charter schools, please visit http://www.usoe.k12.ut.us/charterschools/default.htm. HIGHER EDUCATION Students pursuing higher education can choose between a diverse group of colleges and universities that cater to many academic and career goals. Utah has five public community colleges—College of Eastern Utah, Dixie State College, Salt Lake Community College, Snow College and the new Utah College of Applied Technology—and one private two-year college, LDS Business College. Many bachelor’s degrees are offered at three public universities—Southern Utah University (SUU), Utah Valley University (UVU) and Weber State University (WSU)—and one private college, Westminster College. In addition, SUU, WSU and Westminster offer select master’s degree programs. Utah’s three major Ph.D-level research universities—the University of Utah, Brigham Young University and Utah State University—have each distinguished themselves for their world-class research and innovation. For example, the world’s first artificial heart transplant, the first artificial limb (an

TYPES OF DEGREES AND AWARDS BY PUBLIC INSTITUTIONS IN UTAH ACADEMIC YEAR 2007-08 Institutions Public Institutions University of Utah Utah State University Weber State University Southern Utah University Snow College Dixie State College College of Eastern Utah Utah Valley University Salt Lake Community College Total Public

Certificates & Awards

Associate’s

Bachelor’s

Master’s

358 8 44 5 43 580 57 27 745 1,867

0 737 1,677 209 616 741 312 1,716 2,902 8,910

4,882 3,005 1,881 880 0 150 0 1,526 0 12,324

1,611 852 195 262 0 0 0 0 0 2,920

Doctor’s First Professional 397 97 0 0 0 0 0 0 0 494

270 0 0 0 0 0 0 0 0 270

Total 7,518 4,699 3,797 1,356 659 1,471 369 3,269 3,647 26,785

Source: IPEDS Completions Surveys - Does not include UCAT Data

UNIVERSITY OF UTAH WWW.BUSINESS.UTAH.GOV

HIGHER PUBLIC EDUCATION TOTAL ENROLLMENTS Total Enrollment Spring 3rd Week 2009

USHE Institution University of Utah Utah State University Weber State University Southern Utah University Snow College Dixie State College College of Eastern Utah Utah Valley University Salt Lake Community College USHE Total

2008 29,122 21,186 16,848 6,639 3,187 5,338 1,737 21,431 23,252 128,740

Total Headcount 2009 Change 29,251 129 21,866 680 19,347 2,499 7,395 756 3,541 354 6,052 714 1,790 53 23,214 1,783 25,832 2,580 138,288 9,548

2008 22,148 14,054 10,599 5,137 2,129 3,562 1,223 13,564 12,821 85,236

Budget-related FTE 2009 Change 22,328 181 14,612 558 11,115 516 5,426 290 2,281 152 4,144 582 1,223 0 14,969 1,405 13,832 1,011 89,931 4,695

*FTE change total rounded to the nearest one (1). Source: Utah State Board of Regents

arm), computer graphics and word processing were all pioneered by faculty at Utah universities. Utah’s institutions of higher learning rank high nationally on a number of important criteria. For example, Measuring Up 2006: The National Report Card on Higher Education ranked Utah as a top performing State in college affordability. The report states, “since 1992, Utah has held the line on the share of family income, after financial aid, needed to pay for college, making the State a top performer on this measure.” According to the same report, Utah is also a top performer (relative to other states) in the areas of preparation, participation, completion and benefits. In 2009, Utah’s public institutions of higher learning enrolled a combined 138,288 students, a 9.4% increase over the 2008 enrollment figures, according to the Utah State Board of Regents. In addition, more than 30,000 students were enrolled at Brigham Young University, approximately 1,300 at LDS

Business College and 3,000 at Westminster College. In the past two decades, enrollment in the Utah system of higher education has more than doubled. Utah State Higher Education institutions awarded 26,785 certificates and degrees in 2007-2008 (not including Utah College of Applied Technology awards). Health Professions was the top field of study, followed by Vocational Studies, Business and Marketing, General Studies, and engineering and Related Technologies. The System awarded 12,324 bachelor’s degrees in the same time period, with the top fields of study being (in descending order) business and marketing, social sciences and public administration, education, health professions and psychology. APPLIED TECHNOLOGY EDUCATION In keeping with Utah’s tradition of practical innovation in education, in 2001 the State created the Utah College of Applied Technology (UCAT) to deliver

UTAH HIGHER EDUCATION INSTITUTIONS

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BRIGHAM YOUNG UNIVERSITY

UTAH FACTS 2009

official Applied Technology Education (ATE) programs that range from basic skills training to professional certificates and associate degrees. These programs focus on the demands of the global economy, providing students with applied skills for entry level employment while helping them lay the foundation for the academic and more advanced technical skills they will need for their lifelong career development. In 2008, the Utah College of Applied Technology (UCAT) enrolled more than 60,000 college and high school students at 19 locations throughout the State. UCAT currently offers a variety of Associate of Applied Technology degree options and several hundred certificate training programs. UCAT offers programs for high school students and adults. In addition, eight Utah institutions of higher learning offer credit and non-credit Applied Technology Education programs. For details, visit www.ucats.org/aboutprograms.html. These institutions work closely with the Utah business community to customize short-term programs designed to meet companies’ workforce training needs and upgrade employees’ knowledge and skills. These include “Custom Fit Training” and “Short-term Intensive Training” (STIT), which provide training tailored to the performance of specific jobs at new or expanding companies; Continuing Education; the Salt Lake Community College Skills Center; and a variety of skills-based conferences, workshops and licensing programs. For more information about Custom Fit and Short-term Intensive Training programs in Utah, please visit www.slcc.edu/cft/. INDUSTRY EXPERIENCE Utah’s universities have strong ties to the business community. Utah is perennially one of the fastest growing centers for entrepreneurship in the nation, due in large part to the influence of the State’s universities. Utah universities have created exceptional technology transfer programs to help turn ideas and research into viable commercial prospects. In addition, Utah’s renowned Centers of Excellence program, founded in 1986, provides funding and infrastructure to transform compelling universityrelated ideas into products and companies. During its first 20 years, the Centers of Excellence Program funded 111 Centers, generated 186 patents resulting in 226 license agreements, and more than 125 Utah-based companies have been created to license and market proprietary technology from the program. The 55 companies still alive in Utah directly employ more than 2,000 people, with an average salary of more than $65,000. In the 2006 session, the Utah Legislature passed the Utah Science, Technology and Research (USTAR) initiative, which is fostering researchrelated economic development at Utah’s institutions of higher learning. The initiative attracts top research talent to the State’s research institutions and, when appropriate, assists in R&D and commercialization. For more information on technology commercialization programs in Utah, contact the technology commercialization offices at the University of Utah, Utah State University or Brigham Young University. For more information on Utah’s Centers of Excellence program, visit goed.utah.gov/COE/index.html. For more information about USTAR, visit ustar.utah.gov. CAREER AND VOCATIONAL EDUCATION OPPORTUNITIES Utah is home to a number of highly distinctive professional colleges and universities. Neumont University, located in South Jordan, provides accelerated applied technology education programs. Neumont offers 28-month Bachelor of Science degrees in computer science, and one and two-year Master of Business Administration degree programs geared toward technology professionals. Students can also obtain optional IBM, Microsoft and Sun certifications during the course of their studies. Neumont’s hands-on, collaborative and project-driven approach has resonated with employers: graduates currently earn an average starting salary of about $60,000. Stevens-Henager College, founded in 1891 as a business college in Ogden,

is an accredited private college that offers Bachelor’s and Occupational Associate’s degrees in healthcare, business, computer programming, computer science and graphic arts. Stevens-Henager students can complete an Associate’s degree in 15 months and a Bachelor’s in 30 months, with day and evening classes beginning each month. There are currently five StevensHenager campuses in Utah – Ogden, Salt Lake City-Downtown, Salt Lake City-Murray, Provo Orem and Logan – and one campus in Boise, Idaho. Western Governors University (WGU), headquartered in Salt Lake City, is a private, non-profit online university founded by the governors of 19 western states, and supported by numerous U.S. foundations and corporations. The only accredited university in the nation to offer competency-based, online degrees, WGU offers certification and Masters-level programs in teacher education and a variety of bachelors and/or masters degrees in business, healthcare and IT. Currently WGU leads the nation’s universities in the number of programs and students involved in online teacher certification, credential and licensure programs. Current and future generations will continue to mine rich personal and professional resources at Utah’s institutions of higher learning.

UCAT Membership Hours (Budget Related) 2004-05 5,085,425

2005-06 5,292,427

2006-07 5,315,448

1-yr change 0.4%

2-yr change 4.5%

Annualized Headcount Enrollments 2006-07 Secondary 12,328

Post Secondary 29,021

State Custom Fit 19,960

Unduplicated 57,768

Total Appropriated Budget, 2006-07 State Tax Funds $ 55,012,900

Dedicated Credits $ 6,617,400

Total Budget $ 61,630,300

Tuition, 2007-08 $1.30 per membership hour enrolled for a full time student. Source: 2008 USHE Data Book Tab J The cost per hour is more for students enrolled in fewer hours per week.

Custom Fit, 2006-07 Businesses Served Employees Served State Tax Fund Support

1,152 19,960 3,108,100

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A UNIQUE POPULATION PROFILE has positioned Utah for sustained

growth, health and productivity—characteristics that were borne out again in records achieved during 2008. The State’s official July 1, 2008 population was estimated to be 2,757,779, an increase of 58,225 people or 2.5 percent year-over-year. This healthy growth ranked Utah first nationally in rate of growth, as compared to national growth of 0.9 percent over the same time period. The State’s internal growth was a major contributor to these new benchmarks, driven by a record 55,357 births—the highest in the State’s history. Netting out the 13,780 deaths for the year, the resulting natural increase of 41,577 persons is the highest natural increase number ever and marks the second time natural increase in Utah has exceeded 40,000. With natural increase at an historic high level, it accounted for nearly 25 percent more of the State’s population growth than the previous year, at 71.4 percent of 2008’s population growth, versus a 47.6 percent share for the previous year. Positive net migration also contributed strongly to the progressive demographic trend, aided by the State’s attractive lifestyle and resilient economy. Net in-migration accounted for 28.6 percent of total population growth at 16,648 persons, marking the 18th consecutive year of positive net in-migration. Sustained growth is expected to continue into the future, with the State’s population projected to be 2.9 million in 2010, 3.6 million in 2020, 4.4 million in 2030 and to reach 6.8 million in 2060.

POPULATION

HIGHLIGHTS

Household Size: 3.07 persons/household – Largest in U.S.

Birth Rate: 21.2 births/1,000 population – Highest in U.S. 75.49 percent of Utah’s populace lives in Salt Lake, Utah, Davis and Weber Counties.

Median Age: 28.5 – Youngest State in U.S.

Death Rate: 5.6 deaths/1,000 – Second lowest in U.S.

UTAH FACTS 2009

GREAT TO BE YOUNG – OR OLD – IN UTAH Utah’s unique age structure contributes to the State’s vibrant, productive lifestyle. The population is younger, fertility rates are higher, households are larger and people survive longer as compared to those in other states on average. According to the U.S. Census Bureau, Utah ranks as the youngest state in the nation (2007), with a median age of 28.5, compared to the national average of 36.4—a significant factor in other leading components of the State’s robust economy and effective infrastructure, including high quality workforce, educational excellence and consistent strong performance nationally and internationally. Utah’s fertility rate, 2.5 in 2006, continues to be the highest nationwide. Additionally, Utah had the highest share of its total population in the preschool age group (children under five years of age) of any state in the country at 9.7 percent. Utah also ranks first among states in the percentage of its population in the school age group (five to 17 years of age) at 21.2 percent, and the smallest working-age population in the nation, with 60.3 percent of Utahns between the ages of 18 and 64. Utah continued to have the largest household size in the country, with 3.11 persons per household in 2007, compared to 2.61 nationally. The number of households in the State reached 835,320 in 2007, a 2.5 percent average annual increase since 2000. Utah also ranked first nationally in percentage of family households and married couple families, at 75.4 percent and 62.3 percent respectively. With such a young overall population, Utah has one of the smallest retirement-age populations, with 8.8 percent of the total population age 65 and older. Only Alaska at 7.0 percent had a smaller share. Utah continues to increase in racial diversity, led by particularly strong growth in the Hispanic population. The State’s Hispanic population grew 7.1 percent from 286,113 in 2006 to 306,514 in 2007. Whereas in 1990 Hispanics accounted for just 4.9 percent of the State’s population, by 2000 that percentage reached 9.0 percent and increased to 11.6 percent in 2007. Besides White (93.2 percent), other races represented within the State include Asian (2.0 percent), American Indian and Alaska Native (1.3 percent), Black or African American (1.2 percent), and Native Hawaiian or Other Pacific Islander (0.7 percent), according to the Census Bureau.

FASTEST GROWING CITIES IN UTAH FROM 2006 TO 2007 (POPULATION 5,000+) CITY West Haven Hooper Herriman Lehi South Jordan North Salt Lake Washington Syracuse North Logan Grantsville Bluffdale

2006-2007 17.7% 13.3% 10.6% 10.1% 9.2% 8.7% 8.6% 8.4% 8.0% 7.9% 7.7%

Source: U.S. Census Bureau

UTAH POPULATION PROJECTION YEAR 2010: 2020: 2030: 2040: 2050: 2060:

POPULATION 2,927,643 3,652,547 4,387,831 5,171,391 5,989,089 6,840,187

Source: Governor’s Office of Planning and Budget

SALT LAKE CITY

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U.S. CENSUS BUREAU CITY POPULATION COUNTS: 2006 AND 2007 POPULATION ESTIMATES

CITY Salt Lake City West Valley Provo West Jordan Sandy Orem Ogden St. George Layton Taylorsville South Jordan Logan Murray Bountiful Riverton Draper Lehi Cottonwod Heights Roy Pleasant Grove Tooele Spanish Fork Cedar City Midvale Clearfield Springville American Fork Holladay Kaysville South Salt Lake Syracuse Clinton Brigham City Eagle Mountain North Ogden Payson Herriman Washington Farmington South Ogden Centerville Highland Hurricane North Salt Lake Saratoga Springs Lindon

CENSUS 2006 180,283 120,235 116,217 100,280 94,480 92,696 82,050 68,157 62,799 58,517 44,009 47,359 45,199 43,576 35,832 36,362 33,516 35,236 35,008 30,506 28,457 27,050 26,455 27,469 27,278 26,291 25,755 25,512 23,599 21,510 19,562 18,838 18,463 17,391 16,756 16,944 15,157 15,337 15,558 15,288 15,096 14,089 12,198 11,620 10,750 9,891

2007 180,651 122,374 117,592 102,445 96,074 93,078 82,702 71,161 64,311 58,620 48,046 47,965 45,732 43,788 38,440 37,998 36,885 35,351 35,048 31,552 29,460 28,674 27,823 27,784 27,463 26,864 26,472 25,527 25,025 21,547 21,198 19,571 18,544 17,832 17,166 17,115 16,769 16,656 16,548 15,615 15,389 14,591 12,896 12,628 11,570 10,026

CHANGE 06-07 0.2% 1.8% 1.2% 2.2% 1.7% 0.4% 0.8% 4.4% 2.4% 0.2% 9.2% 1.3% 1.2% 0.5% 7.3% 4.5% 10.1% 0.3% 0.1% 3.4% 3.5% 6.0% 5.2% 1.1% 0.7% 2.2% 2.8% 0.1% 6.0% 0.2% 8.4% 3.9% 0.4% 2.5% 2.4% 1.0% 10.6% 8.6% 6.4% 2.1% 1.9% 3.6% 5.7% 8.7% 7.6% 1.4%

Source: 2009 Economic Report to the Governor, Table 23: U.S. Census Bureau City Population Estimates: April 1, 2000 to July 1, 2007

UTAH FACTS 2009

AARC CHANGE 00-07 -0.1% 1.7% 1.6% 6.0% 1.2% 1.4% 1.0% 5.3% 1.4% 0.3% 7.2% 1.7% 4.3% 0.8% 6.3% 6.0% 9.9% 0.0% 0.9% 4.3% 3.9% 5.1% 4.4% 0.4% 0.8% 4.0% 2.7% 8.4% 3.0% -0.3% 12.3% 6.5% 0.9% 35.2% 1.9% 4.3% 40.9% 10.7% 4.6% 1.2% 0.8% 8.6% 6.6% 5.4% 41.8% 2.6%

GROWTH TRENDS Historically, Utah’s highest growth has been concentrated in, and adjacent to, the larger population centers along the “Wasatch Front”—a strip approximately 100 miles long running north and south along the western slopes of the Wasatch Mountain Range in the north central part of the State. In 2008, the highest overall growth in the State shifted to an area on the east side of the Wasatch Range, an area now affectionately known as the “Wasatch Back.” The overall population growth rate for the State was 2.2 percent from 2007 to 2008. However, Uintah County in the northeastern part of the State had the highest growth at 5.7 percent, followed by the Wasatch Back counties of Rich (5.4 percent), Morgan (4.1 percent), Wasatch (4.1 percent) and Summit (4.0 percent). The central Utah county of Piute also showed high population growth at 4.5 percent. Among cities in the State, Salt Lake City was the largest in 2007, with a population of 180,651, followed by West Valley City (122,374), Provo (117,592), West Jordan (102,445), and Sandy (96,074). Among cities with populations greater than 5,000 persons, West Haven in Weber County was the State’s fastest growing municipality, increasing 17.7 percent from 2006 to 2007. Other top-growth municipalities include Hooper (13.3 percent), Herriman (10.6 percent), Lehi (10.1 percent), and South Jordan (9.2 percent). For detailed population and demographic information, please contact the Governor’s Office of Planning and Budget, State Capitol Complex, Suite E210, Salt Lake City, Utah 84114-2210; phone 801.538.1027.

PROVO, UTAH COUNTY

UTAH POPULATION ESTIMATES BY COUNTY

COUNTY Beaver Box Elder Cache Carbon Daggett Davis Duchesne Emery Garfield Grand Iron Juab Kane Millard Morgan Piute Rich Salt Lake San Juan Sanpete Sevier Summit Tooele Uintah Utah Wasatch Washington Wayne Weber State of Utah

CENSUS 2000 6,005 42,745 91,391 20,422 921 238,994 14,371 10,860 4,735 8,485 33,779 8,238 6,046 12,405 7,129 1,435 1,961 898,387 14,413 22,763 18,842 29,736 40,735 25,224 368,536 15,215 90,354 2,509 196,533

2006 6,113 46,714 106,399 19,230 938 278,944 15,478 10,304 4,404 8,902 41,802 9,135 6,407 11,928 8,028 1,344 2,006 990,505 14,011 24,009 19,335 34,978 52,441 27,878 471,746 19,924 127,310 2,474 216,848

2,233,169

2,579,535

2007 6,090 47,846 108,887 19,634 927 288,146 16,216 10,399 4,529 9,023 43,526 9,604 6,523 11,949 8,357 1,341 2,094 1,009,518 14,484 24,644 19,702 35,541 54,914 29,042 483,702 20,535 133,791 2,520 221,846

2006-2007 PERCENT CHANGE 6.7% 2.4% 2.3% 2.1% -1.2% 3.3% 4.8% 0.9% 2.8% 1.4% 4.1% 5.1% 1.8% 6.2% 4.1% -0.2% 4.4% 1.9% 3.4% 2.6% 1.9% 1.6% 4.7% 4.2% 2.5% 3.1% 5.1% 1.9% 2.3%

AARC 2000-2007 1.1% 1.6% 2.5% -0.6% 0.1% 2.7% 1.7% -0.6% -0.6% 0.9% 3.7% 2.2% 1.1% 1.0% 2.3% -1.0% 0.9% 1.7% 0.1% 1.1% 0.6% 2.6% 4.4% 2.0% 4.0% 4.4% 5.8% 0.1% 1.7%

2,645,330

2.6%

2.4%

Source: U.S. Census Bureau

75.49

percent of Utah’s populace lives in Salt Lake, Utah, Davis and Weber Counties. WWW.BUSINESS.UTAH.GOV

UTAH GOVERNOR JON M. HUNTSMAN presides over what has been recognized in numerous studies and publications as the best-governed state in the nation. Utah garnered top honors in the highly-regarded Pew Center on States Government Performance for 2008, based on a wide-ranging assessment that encompasses management of people, information, infrastructure and capital. The study cited Utah’s “savvy business acumen” and the manner in which decisions are made “with an eye toward return on investment and longterm performance in all facets of state government.” Utah was also one of only two U.S. states to receive an A grade for governance in World magazine’s 2007 study on the states. The State of Utah enjoys a AAA bond rating. Utah has also been awarded consecutive “Silver Shovel” awards for dynamic economic development efforts in the “under-3million” population category from Area Development online. In addition, the State was named the most tech-savvy state in the nation by the 2008 Digital States Survey, a comprehensive biannual survey performed by the Center for Digital Government. The study engaged the efforts of state chief information officers and senior executives from throughout the nation in analyzing information and services provided to citizens in areas ranging from technology infrastructure to online applications and new Web 2.0 technologies– and the nation’s first measurement of sustainability (especially ”green IT”) efforts. This rigor and quality of governance extended to Utah municipalities, with Salt Lake City being named by the State Farm Insurance Company as the

GOVERNMENT

Utah Ranked 4th for its ProBusiness Climate by Business Facilities magazine.

Utah ranked second “Best State of Business” by Forbes. HIGHLIGHTS Utah’s government has a strong tradition of collaborating with the State’s private sector to create innovative economic development legislation.

Utah Top 10 States with Stable Revenues for 2009. National Conference of State Legislatures, State Budget Update: 2008

UTAH FACTS 2009

Utah #3 “America’s Top Ten States for Business” 2008 by CNBC.

Utah named “The Best Managed State in the Nation” by The Pew Center on the States.

nation’s “Most Fiscally Fit Metropolitan Area.” In addition, Salt Lake’s County Clerk was recognized as a 2008 Government Internal Category Winner by the Center for Digital Government for its innovative online voter registration system. A PENCHANT FOR COLLABORATION Utah’s exceptional governance draws its vitality from a strong tradition of innovative economic development legislation and programs, developed through collaboration between the State’s public and private sectors and its higher education community. Under the direct oversight of Governor Huntsman, the Governor’s Office of Economic Development is expanding this heritage by actively pursuing a dynamic economic development program, including a variety of innovative business development programs and initiatives in the State, such as the Centers of Excellence program, the Utah Fund of Funds, the Utah Economic Clusters and the Utah Science, Technology and Research (USTAR ) initiative. During the 1980s and 1990s, Utah regulators and legislators worked closely with leaders in the State’s banking sector to develop laws and policies that helped establish Utah as the world’s leading center for special-purpose industrial banks (also known as industrial loan companies, or ILCs) for companies in a broad array of industries. For more information on Utah’s industrial banking industry and other financial services categories, visit the Utah Department of Financial Institutions Website, www.dfi.utah.gov. CENTERS OF EXCELLENCE In 1986, the State’s Legislature worked with the Utah higher education community to develop the pioneering, highly successful Centers of Excellence (COE) program to help accelerate and commercialize research and development in Utah’s institutions of higher learning. Many successful companies and products have developed as a result of the Centers program. In the past 21 years, the Legislature has provided funding for approximately 130 Centers located at Utah universities – including from established industry players such as Myriad Genetics, Sonic Innovations and Moxtek to such promising young ventures as LineaGen, TechniScan and Larada Sciences. Since its inception, the program’s centers in aggregate have entered into more than 225 combined licensing agreements and obtained more than 185 patents. The COE program has resulted in the creation of 185 companies, of which more than 65 are still active and employ more than 2,000 Utahns with an average salary of $65,000-plus. In 2008-9, the Centers program is working with 21 companies with program grants, in addition to a number of outgoing “alumni” companies. COE has also instituted changes, with guidance and support from the State’s universities, to accelerate the commercialization of university technologies and build a dynamic pipeline of products and companies – frequently by licensing promising university technologies to existing companies. Through GOED, the Huntsman Administration has also instigated the Utah Economic Clusters Initiative, designed to marshal activities and resources in Utah’s areas of greatest strength – to create high-paying jobs and economic development by establishing synergies, improving distribution channels, creating and leveraging economies of scale, and meeting evolving workforce needs. The program focuses on economic clusters with key areas of core competencies GOED has identified as emerging or mature sectors in the State, including life sciences; software development and information technology; aerospace, financial services; energy and natural resources; defense and homeland security; outdoor retail; and a variety of competitive accelerators. For more information on the Economic Clusters Initiative, visit www.goed. utah.gov/initiatiatives/clusters.

INTERNATIONAL TRADE & DIPLOMACY The Governor’s International Trade and Diplomacy Office assists Utah companies in developing markets for their products and services in foreign countries. The office has launched a series of national and international exchanges, designed to develop and strengthen personal and business relationships between business and government leaders in Utah and in other U.S. markets and abroad, and is developing a Utah World Trade Center. For more information, visit www.international.utah.gov. UTAH FUND OF FUNDS The Utah Fund of Funds program was established with the passage of Utah House Bill 240 (“The Venture Capital Enhancement Act”) through $100 million of contingent tax credits. The Fund of Funds invests in strong-performing venture capital/private equity firms, which in turn explore investments in promising Utah companies. In 2008 the Utah Legislature, with support and direction from the State’s entrepreneurial economy, voted to add $200 million in further contingent tax credits, bringing the total under the program’s management to $300 million. The program receives oversight from two boards: the public Utah Capital Investment Board (UCIB) and the private, executive Utah Capital Investment Corporation (UCIC). For more information on the Utah Fund of Funds, visit www.utahfof.com. USTAR During the 2006 Utah legislative session, strong collaboration between industry, government and education leaders resulted in passage of the Utah Science Technology and Research (USTAR ) economic development initiative, which is designed to maximize research-oriented technology development and commercialization from Utah’s leading institutions of higher learning by attracting and developing top research teams throughout the world. USTAR ’s focus ranges from personalized health care to advanced nutrition, nanotechnology biosensors, biofuels, fossil energy and other efforts that leverage existing university and industry strengths while addressing large and strategic markets and vast commercialization opportunities. For more information on USTAR , visit www.ustar.utah.gov. TOURISM AND FILM www.utah.travel / www.film.utah.gov The Utah Legislature and the Huntsman Administration support the development of the State’s vibrant tourism and film industries, extending the reach of the State’s highly successful “Life Elevated” campaign. The Cooperative Marketing Program, offered by the Utah Office of Tourism, matches up to $250,000 in out-of-state marketing dollars, enabling communities and regions throughout the State to market their world-class attractions and opportunities. In addition, the Office of Tourism has a program to reimburse half of advertising costs in a variety of AAA publications. The Motion Picture Incentive Fund (MPIF) is a post-performance rebate of 20 percent of all production dollars spent in the State. A host of highly regarded films, including Disney’s record-breaking High School Musical series, have benefited from Utah’s extraordinary settings and incentives. For more information, please visit film.utah.gov/mpif.htm. RURAL DEVELOPMENT During the past decade, GOED has provided a series of low-cost equipment leases, training programs, state income tax credits and other resources to help entrepreneurs establish companies in rural Utah that provide a variety of products and services for clients and business partners statewide, nationally and globally. Dozens of participating companies have created numerous high-quality new jobs throughout the State. Utah has been recognized by the U.S. Department of Commerce for producing the most innovative economic development initiative in the nation.

WWW.BUSINESS.UTAH.GOV

RATHER THAN BECOMING DATED AND OUTMODED, Utah’s longtime

moniker, “The Crossroads of the West,” has become even more relevant in describing the key strategic role played today by the State in national transportation networks. Businesses and residents alike benefit from the broadbased, efficient systems for moving people and goods that are part of Utah’s comprehensive transportation infrastructure. The State is ideally located as a hub for major air, ground and rail distribution, with its primary transportation centers essentially equidistant from all major western U.S. markets. Utah’s comprehensive transportation system includes a top-ranked international airport; a centrally-located highway system built around major EastWest (I-80) and North-South (I-15) interstate arteries; two major railroads; and steadily expanding light rail and commuter rail systems. For international freight and traffic, Salt Lake City is a full-service customs port city, and there are additional highway ports of entry throughout Utah. AIR The Salt Lake International Airport (SLC), situated approximately five miles northwest of downtown Salt Lake City, is located within a 2.5-hour flight of half the population in the U.S. SLC has developed into the 22nd-busiest airport in the U.S., and 54th-busiest in the world, serving approximately 22 million passengers in 2007. SLC offers non-stop flights to more than 90 cities included the top 49 Salt Lake destinations and has more than 700 scheduled flights daily.

TRANSPORTATION

HIGHLIGHTS Main rail lines link Utah directly to the major seaports of Los Angeles, Oakland, Portland and Seattle.

The mean travel time to work in Utah is 21.4 minutes. Utah is a centralized, lowcost distribution point for Western U.S.

UTAH FACTS 2009

Utah is a one-day truck drive from almost every major city in the Western U.S.

Salt Lake International Airport has more than 970 scheduled daily departures with non-stop service to 108 different cities and is a Delta hub.

For the first six months of 2008, SLC ranked first in the nation for on-time departures, a position it has held for three years running. International service has recently grown with new flights to Canada and Mexico. The airport’s first trans-oceanic flight started in June 2008 with Delta Air Line’s new non-stop to Paris. In June 2009 a non-stop to Tokyo will begin. There are now nine non-stop international flights. U.S. Customs offers “on demand” cargo and charter flight inspection. SLC is Delta’s second-largest hub, and the largest in the Western U.S.; in concert with its commuter partners, the airline operates approximately 518 scheduled daily departures from SLC. SLC was ranked 8th in the nation in Condé Nast Traveler magazine’s Eleventh Annual Business Travel Awards in their October 2008 issue. The annual survey asks business travelers about their experience with location/ access, customs/baggage, food/shops/amenities and safety/security. In early 2008 SLC retired nearly $50 million in auction rate bonds. This makes it the only debt-free large hub airport in the nation. The move not only saves a substantial amount of interest expense in the current uncertain debt markets, but also better positions the airport take on the Airport Expansion Program currently in development. Salt Lake International currently has two terminals, five concourses and 83 gates. In contrast to many other metropolitan airports, Salt Lake City International has acquired substantial property for the future expansion of services, terminals and runways, in order to ensure the future quality of air service, avoiding the delays, congestion and overcrowding that characterize many airports. SLC’s innovative language translation service, Language Line, provides real-time translation of 250 languages through out the airport. For further information, contact Salt Lake City Airport Authority, 776 North Terminal Drive, Salt Lake City, Utah 84116, (801) 575-2400, or visit www. slcairport.com. In addition to SLC, there are plentiful air travel options located throughout the State for business travelers and adventurers alike. As of January 2007, Global Aviation Navigator listed 115 public and private airports and 37 heliports in Utah, while AirNav.com lists 47 public use airports throughout the State. For listings of Utah airports visit www.airnav.com/airports/state/UT.html, or www.onlineutah.com/airports.shtml. HIGHWAY Utah continues to benefit from the expansion and improvement of its strategically centered road and highway system. The Utah Department of Transportation (UDOT) is expanding and upgrading the I-15 corridor in Salt Lake County and addressing key areas of Utah County and Davis County in order to facilitate improved traffic flow in the most heavily trafficked areas. Utah’s road transportation system includes more than 43,000 miles of federal, state and local highways and roads, of which 14 percent is classified as urban mileage. The State’s interstate highways provide efficient access to population and economic centers in neighboring states, while the in-state highways offer effective connections between cities and the State’s many recreation areas. Utah’s two most important highways are I-15, which runs north into Idaho and south into western Arizona, southern Nevada and southern California, passing through or close by most of Utah’s largest population centers; and I-80, a coast-to-coast freeway that runs west into Nevada and into the San Francisco Bay Area, and east through Wyoming and on to New York. Other significant interstate highways include I-70, an east-west freeway that begins in the central part of the State and runs into Colorado and on to Maryland; and I-84, which originates in north-central Utah and runs west through Idaho and the leading population centers in the Pacific Northwest. These interstate highways are essential to the efficient transportation of goods and materials throughout Utah and to locations outside the State. I-215, the Salt Lake County belt route is a major link for intrastate traffic in the metro area. Highway 89 is a key route that connects numerous important commercial centers and tourist

UTAH’S AIRPORTS Beaver Blanding Bluff Bountiful Brigham City Bryce Canyon Cedar City Delta Duchesne Dutch John Eagle Mountain Escalant Fillmore Glen Canyon National Recreation Area Green River Halls Crossing Hanksville Heber Huntington Hurricane Junction Kanab Loa Logan Manila Manti Milford Moab Monticello Morgan Mount Pleasant Nephi Ogden Panguitch Parowan Price Provo Richfield Roosevelt Salina Salt Lake City Salt Lake City Spanish Fork St George Tooele Vernal Wendover

Beaver Municipal Airport Blanding Municipal Airport Bluff Airport Skypark Airport Brigham City Airport Bryce Canyon Airport Cedar City Regional Airport Delta Municipal Airport Duchesne Municipal Airport Dutch John Airport Jake Garn Airport Escalante Municipal Airport Fillmore Municipal Airport

U52 KBDG 66V KBTF KBMC KBCE KCDC KDTA U69 33U 17U 1L7 KFOM

Bullfrog Basin Airport Green River Municipal Airport Cal Black Memorial Airport Hanksville Airport Heber City Municipal Airport Russ McDonald Field Huntington Municipal Airport General Dick Stout Field Airport Junction Airport Kanab Municipal Airport Wayne Wonderland Airport Logan-Cache Airport Manila Airport Manti-Ephraim Airport Milford Municipal/ Ben and Judy Briscoe Field Airport Canyonlands Field Airport Monticello Airport Morgan County Airport Mount Pleasant Airport Nephi Municipal Airport Ogden-Hinckley Airport Panguitch Municipal Airport Parowan Airport Carbon County Regional Airport/ Buck Davis Field Provo Municipal Airport Richfield Municipal Airport Roosevelt Municipal Airport Salina-Gunnison Airport Salt Lake City International Airport Salt Lake City Municipal 2 Airport Spanish Fork-Springville Airport St George Municipal Airport Bolinder Field-Tooele Valley Airport Vernal Regional Airport Wendover Airport

U07 U34 U96 KHVE 36U 69V 1L8 U13 KKNB 38U KLGU 40U 41U KMLF KCNY U43 42U 43U U14 KOGD U55 1L9 KPUC KPVU KRIF 74V 44U KSLC U42 U77 KSGU KTVY KVEL KENV

DELTA’S INAGURAL NON-STOP FLIGHT TO PARIS WWW.BUSINESS.UTAH.GOV

destinations in Utah’s red rock country and Western Colorado. In addition to the main interstate routes, Utah’s primary and secondary federal and state highways provide easy access to rural areas of the State. For more information, visit www.goed.utah.gov/national/highway.html. Initially funded in 2007, two major projects were initiated to facilitate traffic flow in the most heavily trafficked areas along the Wasatch Front. These two projects include the Mountain View corridor system on Salt Lake County’s west side and a major widening and rebuilding project of I-15 in Utah County, akin to the Salt Lake County project done in connection with the 2002 Winter Olympics. These transportation projects are anticipated to be completed by 2015. For more information about Utah transportation services, current and planned construction projects, or weather and road conditions, contact the Utah Dept. of Transportation at (801) 965-4000, or visit www.dot.utah.gov. MOTOR FREIGHT According to the 2008 Economic Report to the Governor, a projected 245,700 Utahns were employed in Trade, Transportation and Utilities in 2007, an estimated increase of 4.6 percent from 2006. Utah carriers provide service from Utah’s metropolitan areas to almost any point in the Western United States. There are currently more than 700 trucking companies based in Utah, and intrastate and interstate motor freight services are provided by approximately 2,500 registered carriers. Carriers within the State provide one-day and twoday direct services to any point in the continental western United States. For more information about Utah’s trucking industry, visit the Utah Trucking Association Website (www.utahtrucking.com), or the Utah Department of Transportation (www.udot.utah.gov).

MAJOR FREEWAY SYSTEMS

FRIEGHT DELIVERY TIME SELECTED CITIES

CUSTOMS PORT OF ENTRY Salt Lake City is a full-service customs port city. Currently, goods that enter under bond may be stored in customs-bonded facilities for up to five years without payment of customs duty. If goods are exported during this period, no duty is paid. Otherwise, duties are payable at the end of the term or upon entry into U.S. markets for consumption. In addition to Salt Lake City headquarters, Utah has ports of entry in Daniels, Echo, Kanab, Loma, Monticello, Peerless, Perry, St. George and Wendover. For more information about Utah’s port of entry program, visit www.udot.utah.gov/poe/ports/default.htm. RAIL Utah has approximately 1,700 miles of railroad track stretching from Iron County in the southwest, Grand County in the southeast, Tooele County in the west and Box Elder and Cache counties in the north. These rail lines converge in the Salt Lake-Ogden metropolitan area. (Visit goed.utah.gov/national/rail. html for map). Utah’s central location makes the State an excellent interline switching route for shipments headed to the West Coast, as well as to eastern and midwestern main terminals, without the need to back-haul shipments. Union Pacific is Utah’s major freight service provider, while Amtrak provides passenger service to major U.S. destinations. With more than 1,700 miles of Union Pacific track lines, Utah is an excellent interline switching route for shipments to the West Coast and to Midwest and Eastern main terminals. Salt Lake City is the westernmost point from which all West Coast cities can be served directly by rail without backtracking, with second-morning service to approximately 90 percent of the Western U.S. Union Pacific’s new $83-million, 260-acre Salt Lake City Intermodal Terminal can service 250,000 truck, rail and ocean-going containers annually. MASS TRANSIT Utah’s mass transit system has expanded considerably during the past five years. Currently, the Utah Transit Authority (UTA) serves an average of approximately 90,000 riders daily on its bus and rail lines. Utah’s first TRAX light rail line, between Salt Lake City and Sandy, opened in 1999, and within

UTAH FACTS 2009

FRONTRUNNER ARRIVING IN LAYTON

1 Central Station 600 W 250 S. 2 Old GreekTown 525 W. 200 S.

Ogden P 2350 S. Wall Ave. Roy 4155 S. Sandridge Dr. P

Clearfield 1250 S. State St. P

Layton 150 S. Main St. P

Farmington 450 N. 850 W. P

Woods Cross P 750 S. 800 W.

4 2

Future West Valley Line

Future Mid-Jordan Line

300 S. Main St

Gallivan Plaza Transfer Station for Sandy/ Salt Lake Line/ University Line

Primary University Children’s Hospital Hospital

6 City Center 100 S. Main St.

Future Airport Line

T Salt Lake Central Station Transfer between TRAX, FrontRunner & Buses

7 Gallivan Plaza

3 Planetarium 400 W 125 S. 4 Arena 301 W. S. Temple 5 Temple Square 132 W. S. Temple

3 SALT LAKE CITY

6 7

University of Utah

S. S. y 0 ar 40 ey 400 st S. br . ll . a 0 Li 25 E Tro 5 E 0 E 40 E 2 0 2 9 75 6 8

U. Medical Center H 10 N. Medical Dr.

900 South - 900 S Ball Park - 1300 S P

Central Pointe - 2100 S P

Millcreek - 3300 S P

Meadowbrook - 3900 S P

Murray North - 4400 S P

Murray Central - 5200 S P

Fashion Place West - 6400 S P

Midvale Fort Union - 7200 S P

Midvale Center - 7720 S P

Historic Sandy - 9000 S P

Fort Douglas 200 S. Wasatch Dr.

U. South Campus 1790 E. S. Campus Dr.

T T

Stadium 1349 E 500 S.

Courthouse 450 S Main St.

Salt Lake/Sandy Line

MAJOR UTAH RAIL LINES

TRAX & FrontRunner Map Pleasant View 2700 N. Hwy 89 P

FrontRunner

less than a year, well over five million passengers had taken a ride on the line. More than four million riders were transported on TRAX during the two weeks of the 2002 Olympic Winter Games. Since opening day TRAX has far outpaced initial projections of 14,000 combined riders per day on both the Sandy/Salt Lake Line and the University of Utah Line, and passed a major milestone in October 2006, with more than 50 million riders since its inception. In addition to its two current TRAX routes, the Utah Transit Authority (UTA) has purchased over 175 miles of railroad corridor along the Wasatch Front for future expansion of the TRAX light rail system, as well as a commuter rail system that will eventually run from Brigham City in the north to Payson in southern Utah County. As a result of its strong start and high acceptance rate – including at the ballot box in 2006 – the TRAX light rail system, which currently operates lines running between downtown Salt Lake City and the University of Utah and between the City Center and Sandy, will add four extensions in Salt Lake County: west into West Valley City; southwest into West Jordan, South Jordan, and the Daybreak community; south into Draper; and northwest to the Salt Lake International Airport. In addition, a TRAX light rail line will run between Provo and Salt Lake City. One of the greatest additions to the Utah commuter scene is a new commuter rail system, called FrontRunner—a higher-speed train that runs on heavier tracks and makes fewer stops. The first of two lines opened in April 2008 between Salt Lake City and Ogden to the north. As with its TRAX light rail cousin, FrontRunner has exceeded all expectations in its first six months of operation, and has rapidly become a major backbone of daily travel for thousands of Utahns. Construction on the second line, to run between Provo and Salt Lake City, has begun and is slated for completion in 2011. A major new intermodal hub has been recently completed in downtown Salt Lake City, which brings together five modes of passenger transportation: TRAX, UTA ’s bus lines, the FrontRunner commuter rail system, Greyhound and Amtrak. Additional major plans are currently being contemplated for other Utah metropolitan areas. Bus service is available throughout most of the metropolitan areas of the State.

University Line SOUTH SALT LAKE

MURRAY

Legend SLC / Sandy Line University Line FrontRunner

IHC Hospital

Stations T Transfers

MIDVALE

Parking

Hospital

Future TRAX Lines West Valley Line Mid-Jordan Line Airport Line Draper Line

Sandy Expo - 9400 S SANDY

Sandy Civic Center - 10000 S P

Map not to Scale

1-888-RIDE-UTA (743-3882) Future Draper Line

www.rideuta.com

WWW.BUSINESS.UTAH.GOV

As the U.S. navigates increasingly uncharted economic waters, states and regions are feeling the impacts to varying degrees across multiple sectors. Real estate, as a fundamental asset and industry, is often a bellwether indicator of overall economic well being. While Utah real estate has not been immune to the economic impacts of 2007 and 2008, this sector has continued to show surprisingly strong overall resilience in comparison to national trends – with particular bright spots in the industrial and retail areas. Buoyed by employment growth and continued interest in Utah by major corporations for regional presence and distribution, Utah’s real estate sector is expected to continue to outperform the national trend – maintaining its multi-year role as one of the brightest economic spots in the region as well as the nation. According to a late 2008 report by economist Jeff Thredgold, “Utah’s economy was the single strongest state economy in the country in the last two years as measured by growth and employment.” Fundamental economic indicators are still strong in the State, particularly compared to national averages. Job growth, which has been extremely strong over the past four years, slowed in 2008 but has remained well above the national average, and unemployment, at 4.6 percent in March 2009, far below the national average of 8.1%. Prior to the nationwide real estate slowdown of 2008 and 2009, Utah was in the midst of significant expansion. Economists in the Utah Governor’s Office of Planning and Budget have predicted that this dynamism will resume with the anticipated market rebound in late 2009. The value of permit authorized SALT LAKE CITY

REAL ESTATE

HIGHLIGHTS Major corporations like Sephora, The Hershey Company and Procter and Gamble have moved into Utah, helping the State’s real estate sector outperform the national trend.

Utah’s overall home price appreciation during the past five years, 42.91%, ranks third among U.S. states.

UTAH FACTS 2009

The Salt Lake area industrial market demonstrated vibrancy during 2008, with total market vacancy down to 5.6 percent.

There are two major universityaffiliated research parks and well over 100 quality industrial parks in Utah.

construction in the State reached $7.1 billion in 2007, only slightly behind the all-time record high $7.4 billion in 2006. The decline in single family detached home construction was mitigated by a healthy 32% jump in new nonresidential construction representing an additional $500 million in new projects. Also contributing to the offset was continued strength in the multiple family residential sector, led by condominiums, which grew by 10% in 2007 – the second-highest level in ten years. INDUSTRIAL STRENGTH Industrial developers concentrated on big box projects during 2008, due to continued strong land price appreciation and higher construction costs, which inhibited development of smaller industrial buildings. The Salt Lake area industrial market in particular has benefited from fast-moving changes in national distribution logistics driven by recent increases in fuel prices which are forcing many companies to revise their distribution strategies in order to reduce costs and improve efficiencies. Utah’s centralized location provides cost effective reach into major markets in Colorado, Arizona, Nevada and the West Coast. The fact that nearly half of 2008’s industrial market activity focused on buildings larger than 100,000 square feet in size is reflective of a growing demand for large-scale distribution facilities, led by companies such as cosmetics distributor Sephora and online retailer Overstock.com. The Salt Lake area industrial market demonstrated continued vibrancy during 2008, with total market vacancy down to 5.6 percent in response to continued strong demand. Lease activity in large facilities was particularly strong, nearly doubling previous year’s levels. Industrial lease rates have also continued an upward trend associated with low vacancy rates – trends that are expected to continue into the foreseeable future. Sales prices for industrial properties have risen by an average of 28% in 2008, driven by strong demand and thin supply of available buildings. NAI Utah reports that five major projects under construction, representing 1.68 million square feet of new space, are moving ahead and will come on stream in the near future. These include Landmark #5, 1st Park, Westport II, Bangerter Crossing A and Pinnacle. This new inventory combined with an existing .88 million square feet is offset by substantial demand from companies looking to open regional distribution facilities in Utah. Assuming conservatively that only half of the over 30 companies currently in serious evaluations ended up locating in the State, the resulting inventory would represent only a 3.7 months’ supply – considered extremely tight from a historical perspective. Utah County’s record low vacancy rates from 2006 to 2008 have increased slightly but remain extremely healthy – under four percent. Lease rates continue to increase, prompting developers to initiate new projects. The County’s ongoing presence on national lists of great places to live and start or grow a business continues to fuel confidence and growth that is expected to outpace the national average through 2009. The industrial segment remains Weber County’s strongest commercial segment, with vacancy in all sectors below 10 percent. Business Depot Ogden came on stream, pushing up vacancy rates slightly in the large space market, but the extra capacity is expected to be readily absorbed. Unlike other markets, the smaller industrial space segment in the County has remained very stable over the past several quarters. Additionally, asking lease rates have seen a slight up-tick over the past 12 months. While new capacity has pushed up vacancy rates in Davis County, the industrial market overall remains strong, particularly in the northern part of the county. Lease rates have held steady throughout he area. Washington County in Utah’s Dixie has historically tracked more in line with the Las Vegas market, and remains at above-national averages and trends, and maintaining lease rates at about half of those in Las Vegas. OFFICE OPTIMISM Despite challenging national – and to a lesser extent, state – economic environments, the overall market for office space in Utah continues to exhibit

strong activity levels, with many new tenants taking space – although the transaction time has lengthened vis-à-vis previous years’ averages. The convergence of national and state economic slowdowns, slackening job growth rates and historic levels of new construction coming online has resulted in modestly rising vacancy rates for office space – increasing from 10.76% at year-end 2007 to 11.29% early in 2009 in the Salt Lake area. Several anticipated large lease closings will help increase absorption, but the full-year rate is expected to be slightly off of the historical average for the past decade. Businesses seeking space in Utah will have an abundance of new office product available as previously initiated projects come on line. The Salt Lake area is expecting approximately 1,048,000 square feet of new space to be delivered by year end 2008. Counties to the north and south of Salt Lake are experiencing similar trends, After a number of years of steady increases, direct weighted average

COMMERCIAL BUILDING CONSTRUCTION COST INDEXES RECENTLY COMPLETED & CURRENT $50 MILLION-PLUS PROJECTS PROJECT NAME

COST (MILLIONS)

Amangiri Resort and Spa ATI (plant & equipment) titanium spong mfg Ben Lomond Hotel restoration Black Rock Ridge condominiums Bridges at City Front condominiums Central Utah Project Uinta Basin Replacement Project Central Utah Project Utah Lake Water System City Creek Center downtown renovation Daybreak by Kennecott Land residential development East Town Village mixed use development Frank E. Moss United States Courthouse FrontRunner commuter rail Hamilton Partners 21 story office tower Hidden Valley Ivory Homes I-15 Weber County widening IHC Intermountain Medical Center IHC Southwest Hospital IHC Utah Valley Regional Medical Center expansion IPA coal power plant expansion Ivory Ridge residential development Jordan Bluffs mixed use development LDS Church History/Archives Building Lake Side Power Project power plant Legacy Parkway construction Metro Condominiums Midtown Village mixed use development MountainStar Healthcare hospital The Pointe office center REAL Salt Lake soccer stadium (Project Beehive) RiverPark Corporate Center Rosecrest residential mixed use development Saratoga Springs/American Fork connector road Silver Star Development mixed use Southern Corridor Highway Spring Canyon Energy natural gas power plant St. George Regional Airport St. Regis Hotel (5 star) SunCrest mixed use development Sundance Commons retail/business development Terrace at Traverse Mountain retail & entertainment The District retail development Traverse Mountain mixed use residential Trolley Square remodel & expansion Utah State Capitol renovation Valley Fair Mall renovation & expansion Vintaro residential/mixed use development West Liberty Foods LLC meat processing

$200m $35m & $290m $50m $106m $50m $70m $460m $1.5b $1.3b $110m $115m $581m $100m $300m $231m $387m $50m $50m $2.1b $210m $500m $65m $300m $685m $50m $75m $100m $100m $110m $300m $400m $92.5m $90m $84m $200m $110m $250m $250m $200m $300m $120m $650m $80m $200m $50m $120m $60m

WWW.BUSINESS.UTAH.GOV

A SAMPLING OF MAJOR INDUSTRIAL PARKS BY COUNTY COUNTY PARK Beaver Box Elder Cache

Carbon Davis

Emery Garfield Grand Iron

Juab Millard

Morgan Salt Lake

SIZE IN ACRES COUNTY PARK

Beaver City Industrial Park 240 Milford City Industrial Park 10 Box Elder County Industrial Park 50 Tremonton City Industrial Park 200 Lewiston Industrial Development Park 350 Logan Quadrangle Industrial Park 2500 Logan River Industrial Park 100 Sorenson Business Park 40 South Main (RDA) 100 Utah State Research & Technical Park 60 Carbon County Industrial Park 110 The City of Wellington 480 Centerville Industrial Park 109 Freeport Center 735 Freeport Center West 45 Highway 193 Business & Technology Park 300 Kaysville Industrial Park 175 Layton Industrial Park 10 North Salt Lake Industrial Park 900 West Centerville Industrial Park 150 West Side Development: 600 Green River Industrial Park 400 Panguitch Industrial Park 100 S/N Limited 33 AMPAC Industrial Park 2000 Cedar City Industrial Park 120 Coal Creek Industrial Park 64 Gilbert Development Industrial Park 240 Highway 56 Industrial Park 100 Juab Industrial Park 40 Fillmore Industrial Park 300 Hinckley Industrial Park 20 Lynndyl Industrial Park 10 Airport Industrial Park 10 Morgan City Industrial Park 12 Bangerter Corridor Business Park 300+ Bingham Industrial Park 250 Bonneville Center 150

full service rental rates flattened in 2008. While lease rates appear to be level, landlords are offering concessions in order to close long-term leases. Average lease rates for Class A space in the Salt Lake market were $22.48 at year-end 2008. RETAIL RESILIENCE Following several years of breakneck expansion, the pace of growth in Utah’s retail real estate market has slowed substantially, particularly in the Salt Lake area. In general, retailers have adopted a much more cautious approach as they watch developments in the overall economy and consumer confidence. However, in counties to the north and south of Salt Lake, the retail market remains resilient. Particularly encouraging is the continued interest by national retailers in expanding into these Utah communities. In Davis County, Lowes (two stores), Ross Dress for Less, DSW Shoes and Petco have all opened major new stores. Weber County has seen the completion of the Riverdale Shopping Center Phase IV with major tenants J.C. Penny, TJ Maxx and Famous Footwear taking significant space. To the south, a new Kohl’s has recently been added in Orem. To the far south in Washington County, retail expansion also remains fairly steady, with national retailers continuing measured expansion, including Wal-Mart and CarQuest Auto Parts, as well as numerous bank and credit union branches.

UTAH FACTS 2009

SIZE IN ACRES COUNTY PARK

Centennial Park Commerce Park Cottonwood Corporate Center Decker Lake Business Center Draper Business Park Jordan Commons Jordan Landing Lake Park Corporate Center Metro Business Park Pheasant Hollow Pioneer Park The Pointe Corporate Center Research Park - University of Utah Riverpark Salt Lake International Center Sorenson Research Park Sorenson Technology Park I Sorenson Technology Park II Southgate South Town Business Center 21st Century Industrial Park Union Park Center Wagner Park West Jordan Industrial Park West Valley Technology Park Westridge Commerce Park San Juan Blanding Commercial Monticello Industrial Park Sanpete Mt. Pleasant Industrial Park Sevier Richfield City Industrial Park Salina Commercial Center Summit Silver Creek Center Tooele Tooele City Commerce Park Utah Industrial Depot Utah Aerospace Park Alvey American Fork Commercial Center Birch Tree

1596 102 43 1024 63 22 95 640 280 55 100 43 320 110 720 104 500 52 95 97 125 40 500 300 730 250 371 23 220 50 395 400 415 850 80 18 200 33

SIZE IN ACRES

Bunker Industrial Park Canyon Park Cedar Hills East Bay Business Park Eagle Mountain Industry Park Fox Ridge Business Park Gateway Technology Park The Grove Business Park Ironton Industrial Park Jim Alvey Business Park MS Business Park North Pointe Business Park Orem Center Business Park Payson Business Park Pleasant Grove Gateway Riverwoods Research & Business Park Spring Haven Springpointe Commercial Center Springville Industrial Park Summit Ridge Swenson Industrial Park Thanksgiving Point Business Park Timpanogos Technology Park Traverse Mountain Tech Utah Valley Business Park Westview Industrial Park 810 N. Business Park Wasatch Heber City Industrial Park Washington Fort Pierce Industrial Park Gateway Industrial Park Millcreek Industrial Park Weber Little Mountain Industrial Area Business Depot Ogden: Ogden Commercial & Industrial Park Ogden Regional Business Center Pleasant View Pinebrook Business Park Weber County Industrial Park

73 118 40 450 400 580 100 200 300+ 40 40 45 100 250 50 135 65 130 360 230 500 80 109 25 95 60 250 33 600 300 150 8000 1,118 365 1100 300 200 551

HOUSING Utah’s housing industry, consistent with national real estate trends, experienced a significant slowdown in 2008 and into early 2009. For example, the median listing price was $303,600 in January 2009, down from $349,600 in January 2008. The State’s long-term home values, however, has been extremely sound. According to the U.S. Office of Federal Housing Oversight, between the beginning of Q1 1991 and the end of Q4 2008, Utah ranks fourth among U.S. states with overall home price appreciation of 197.0%; over the past five years, the State ranks third with an overall appreciation of 42.91 percent.

BUSINESSES AND CONSUMERS IN UTAH enjoy some of the lowest cost, most stable energy supplies in the nation, including a growing supply of energy from renewable sources. As one of the most connected and tech savvy states in the union, Utah employs first rate telecommunications capabilities that rank it near the top in terms of connectedness, technology and penetration. Abundant, well-managed water sources ensure continued growth and prosperity of the State’s citizens and businesses. In Utah, the Public Service Commission (PSC) regulates the rates and conditions of service for electric power and natural gas provided by investorowned utilities. Local governments regulate the State’s municipal power and water companies. The Commission allows telecommunications prices to be determined by market forces in densely populated areas, but regulates the rates for intrastate telecommunications services provided by the local phone companies in rural areas. The PSC also regulates water companies in cases in which the customers are not also owners of the company, or the company is not a governmental entity. Most of Utah’s water users are served by approved municipal water systems governed by water boards in their respective municipalities. The Commission is comprised of a chairman and two commissioners appointed by Utah’s governor and confirmed by the Senate, each for six-year terms.

Utah’s electric power and natural gas rates are among the nation’s lowest.

HIGHLIGHTS

PUBLIC UTILITIES

Utah is endowed with abundant natural gas resources.

Utah enjoys state-of-the-art telecommunications systems, including an extensive fiber optic backbone.

Utah’s potential economic oil-shale resource equals approximately 77 billion barrels of shale oil, according to the Utah Geological Survey (UGS).

WWW.BUSINESS.UTAH.GOV

NATURAL GAS Natural gas prices in Utah are currently among the lowest in the nation, aided by Utah’s abundant supply of natural gas, which historically has not been transported out of the region. As reported by the U.S. Department of Energy’s Energy Information Administration, pricing to Utah residential customers was $9 per thousand cubic feet in 2008 for residential use, well below the national average price of $13.70. Utah’s commercial price was $7.74, compared with the average national price of $11.98. The principal supplier of natural gas in Utah is Questar Gas Company, which currently serves more than 835,000 customers in Utah and is the only operating natural gas utility regulated by the PSC. Close to half of the natural gas currently used by Questar’s residential Utah customers is provided at cost-of-service pricing (Questar’s price of producing and transporting the gas) instead of market prices, since Utah’s residential rate payers have a legal right to purchase this gas at cost of service rates due to their ownership interest in some existing gas fields managed by Questar. The cost to develop and deliver this gas is considerably lower and more stable than the cost of gas purchased from either third-party suppliers or Questar’s parent company, Questar Inc. These low-cost sources of natural gas provide a significant advantage to Utah natural gas customers. Utah’s growing population will require additional supplies of gas outside of the cost-of-service agreements, pushing prices slightly higher in the future. However, it is anticipated that Utah citizens will continue to enjoy lower average rates than consumers in most other U.S. locations due to the advantages that cost-of-service pricing provides. ELECTRIC Industrial electric rates in Utah’s major cities are consistently among the top five lowest of U.S. cities nationwide. A plentiful supply of low cost energy has aided the State in avoiding the high prices and large spikes that have plagued many West Coast cities in recent years. Currently, approximately 94 percent of all electrical generation in Utah comes from clean burning coal. However, the State has undertaken several aggressive projects to increase the proportion of energy generated by renewable sources. Two new wind turbine facilities are now coming on stream: the 70-megawatt Pioneer Ridge project in Tooele County; and the 18.9-megawatt Wind Park II facility in Utah County. Additionally, the new Thermo 10-megawatt geothermal power plant in Beaver, UT, developed by Raser Technologies, opened in late 2008. This totally green renewable energy facility is the first of a number of potential geothermal plants that will take advantage of one of the largest geothermal resources in the nation – large enough if fully developed to power one third of the homes in Utah. Rocky Mountain Power (a division of PacifiCorp) is the largest electric utility in the State. Additionally, forty-two municipalities in Utah provide electric power to their residents. Currently, there are 11 other retail providers of electricity certified and regulated by the State’s Public Service Commission: nine rural cooperatives, one electric service district and one investor-owned utility. Rocky Mountain Power anticipates that sales growth in urban regions of Utah will rise by about 3.5 to 5 percent annually for the foreseeable future. According to the U.S. Department of Energy’s Energy Information Administration, in 2008 Utah tied for the fourth lowest average industrial electricity in the nation (5.26 cents per kilowatt hour; national average 7.75 cents); had the sixth lowest overall average residential rates (8.84 cents; national average of 12.09 cents); and the third lowest commercial price (6.79 cents; national average, 11.08 cents).

TELECOMMUNICATIONS Utah telecommunications companies serviced more than 1.2 million “land line” phone lines in 2008 – provided by the State’s largest provider, Qwest, and more than 100 other competitive local exchange companies primarily along the State’s “Wasatch Front” from Logan on the north to St. George on the south. Additionally, a variety of independent phone companies service the more rural areas of the State. Utah has become a telecommunications hub in the western United States. Telephone service providers in the State process more than two million inbound calls daily. In line with current trends, wireless communications have eclipsed traditional methods in the State. The PSC estimates that approximately 1.5 million cell phones are now in use by Utah citizens.

TELECOMMUNICATION COMPANIES BY AREA

All West Communications Beehive Telephone Company Central Utah Telephone, Bear Lake Communications, Skyline Telecom Citizens Communications Emery Telcom, Carbon/Emery Telcom, Hanksville Telcom Gunnison Telephone Company Manti Telephone Company South Central Utah Telephone Association UBTA, UBET Communications Union Telephone Company Albion Telephone Company, Century Telephone Enterprises, Inc. Open Qwest

UTAH FACTS 2009

RURAL SERVICE AREAS

Utah telecommunications companies continue to invest in the State in order to offer the latest voice, data and wireless services. Qwest (formerly US West) and Comcast have invested more than $1 billion building Utah telecommunications infrastructure over the past decade, covering the majority of the Wasatch Front with fiber optic backbone capability. Qwest received federal approval to move into long distance markets in Utah and now competes head-to-head” with competitors by offering bundled services, including local, long-distance, wireless, internet, and some limited video services. Qwest also offers DSL and integrated services digital networks (ISDNs) throughout most of its coverage area. Comcast is now providing Voice over Internet Protocol (VoIP) service as part of a bundled service that includes high speed Internet and cable services in a packaged bundle. Other major telecommunications providers in the State include XO Utah, McLeod, Sprint, MCI and BroadWeave Networks. Approximately 100 telecom providers have been certified by the State’s Public Service Commission to provide local exchange and other services. The Utah Telecommunication Open Infrastructure Agency (UTOPIA), one of the nation’s largest fiber optic networks, consists of 16 Utah communities that have joined to offer highbandwidth services to their residents and businesses. Utah rural phone companies have been proactive in providing advanced technology services to the more rural areas they serve. Fiber Optics, DSL and other leading technologies are available to businesses, residents, schools and libraries in most rural communities throughout the State. For more information about Utah’s telecommunications industry and providers, visit the Public Services Commission Website at www.psc.utah.gov.

PUBLIC WATER SUPPLY One of Utah’s most valuable natural resources is the high-quality groundwater available throughout most of the State. Virtually all of Utah’s municipal waterworks systems have access to springs and wells. Although Utah is located in an arid region, the mountain watershed areas, which feed the State’s natural and man-made storage systems, receive up to 60 inches of precipitation annually. The yield from the Utah watershed, combined with yield from rivers flowing throughout the State, supply water to meet the needs of an expanding population and economy. Utah’s water is supplied to users by a number of improvement districts, water districts and local communities— most of which are not controlled by the Public Service Commission.

RELAY SERVICES Utah is at the forefront of efforts to ensure that all citizens have access to high quality telecommunications services. Legislation passed in 2007 is now being implemented that makes relay services and equipment available to those with hearing loss and other disabilities. This includes distribution of assistive telecommunication devices such as amplified telephones, captioned telephones, and text telephones to people who meet the program’s financial guidelines. As a result of new technology developments, other choices continue to expand for people unable to use a standard telephone. The communications market now includes Video Relay Services (VRS), Internet Protocol Relay (IP Relay), captioned telephones in addition to the improvements to equipment such as amplified telephones and text telephones. SANDY, UTAH CULINARY WATER PLANT WWW.BUSINESS.UTAH.GOV

IN MANY WAYS, QUALITY OF LIFE is a highly personalized measure of a

location’s appeal, dependent upon the criteria that are most important to each individual. But, regardless of whether it’s the economy, the weather, sports, affordable housing, safe neighborhoods, great education, skiing, mountain biking, entertainment or just commuting to work that tops your list, Utah offers a host of compelling reasons that have garnered national attention and lasting satisfaction for natives and transplants alike. SMART GOVERNMENT, STRONG ECONOMY The underlying fabric of a great place to live is founded on sound, forwardthinking government and an economy that is strong, stable and robust. For nearly a decade, Utah has ranked near the top on a broad range of government, economic, business and infrastructure measures that contribute to an outstanding quality of life. Prestigious national comparisons have consistently spotlighted the State for outstanding performance in these areas. Most importantly, during increasingly challenging economic times, Utah has continued to stand out as an economically stable, robust environment for current and future growth and innovation. AMERICA’S HAPPIEST STATE Utah consistently ranks high on a number of measures indicative of the overall social well-being of people in the State. These measures show that Utahns consistently enjoy a high standard of living in safe, vibrant, affordable

QUALITY OF LIFE

HIGHLIGHTS Utah’s cost of living is well below national levels, according to most indicators.

Utah has 13 world-class ski resorts, 10 within a one-hour drive from Salt Lake International Airport. Utah was named as the Happiest State in the Nation in a 2009 Gallup study.

UTAH FACTS 2009

Utah is home to five national parks, seven national monuments, two national recreation areas and six national forests.

Utah sports fans support a variety of professional teams, including The Jazz (basketball), Real Salt Lake (soccer), The Grizzlies (ice hockey) and The Bees (baseball).

communities. In a major national Gallup survey released in March 2009, Utah ranked first among all states for the happiest populace. Utah’s strong economic performance during the past several years has fueled excellent job growth—second highest in the U.S. for 2006—and attractive household income. Utah’s median household income is ranked 13th nationally at $55,109 (U.S. Census Bureau 2008), compared with a national average of $41,994. This has contributed to the relatively high level of home ownership in the State, which was at 75 percent for 2007, compared with the national average of 68 percent. At the same time, Utah communities are also affordable from an overall cost of living standpoint. According to the American Chamber of Commerce Research Association/Council for Community and Economic Research (ACCRA) second-quarter 2008 statistics, Salt Lake City’s overall cost of living (98.8 percent of the national average) is less than that of other major metropolitan areas in western states, including Denver (103.5) or Las Vegas (106.3), and dramatically less expensive than New York (214.7), San Francisco (170.9) or Seattle (123.8). Residents of appealing Utah university towns such as St. George (97.6), Logan (91.7) and Cedar City (91.5) enjoy a cost of living significantly lower than the national average. Other wellness indicators emphasize the security, health, vibrancy and youthfulness of Utah’s society, including:

Low Crime – Utah has the sixth lowest rate of violent crime in the nation, according to The Federal Bureau of Investigation’s Uniform Crime Reports. For 2006 the rate of violent crime in Utah was 234.8, per 100,000 people, approximately half the national average of 466.9 per 100,000 people.

Low Poverty Rate – Utah’s 2007 poverty rate was 9.7 percent, 9th-lowest in the nation.

Youthful, Growing Population – Utah’s population is vitalized by a disproportionately large segment that is young and growing. U.S. Census Bureau data for 2008 showed that Utah’s growth rate of 2.5% led the nation. At the same time, the median age of 28.5 was the nation’s youngest. Utah also has the second lowest percentage of the population age 65 and over (8.8 percent).

Leading Birth Rate – Reinforcing Utah’s youthful status is a high birth rate. Preliminary data for 2006 from the National Center for Health Statistics revealed that Utah’s fertility rate of 2.63 per female was highest in the nation, as was the birth rate of 21 births per 1,000 people, which is the highest in the nation and substantially higher than the national average of 14.1.

Strong Education – In 2007, the Current Population Survey of the U.S. Census Bureau reported that 90.2 percent of Utahns had at least a high school degree, ranking Utah as the sixth highest state in the nation. Utah also ranked 18th in higher education attainment, with 27.8 percent of persons 25 years and over having obtained a bachelor’s degree or higher. HEALTH AND MEDICINE According to the U.S. Department of Health and Human Services, Utah’s population has the third longest life expectancy in the nation at 78.6 years. The health of the State’s residents is further improved by the high-quality medical care available throughout Utah. Some 50 hospitals contain more than 4,800 staffed beds. Major medical facilities are concentrated in the Wasatch Front region, with 19 hospitals in Salt Lake County, four in Utah County, four in Davis County and two in Weber County. The State’s residents also enjoy unusually strong health. According to the United Health Foundation State Health rankings, Utah was the sixth healthiest State in the U.S. for 2007. According to the National Cancer Society’s 2007 rankings, Utah had the lowest rate of cancer deaths in the country. The University of Utah Health Sciences Center is nationally-known for its patient care and teaching facilities. The center includes the University Hospital, the School of Medicine and the School of Nursing. Intermountain Healthcare has consistently won national acclaim for its cost competitive high levels of care. For example, a Dartmouth Medical School study found that Medicare spending could be reduced by a third—while maintaining or improving quality—if the nation provided healthcare the way it’s provided in the greater Salt Lake City area. The study specifically cited Intermountain Healthcare, along with the Mayo Clinic in Rochester, Minn., as organizations that provide high quality, highly efficient care. In addition, St. Mark’s Hospital and other Utah health care providers have garnered national and global recognition. Utah’s research facilities, such as the Huntsman Cancer Institute, the Howard Hughes Medical Institute, the Moran Eye Institute and Primary Children’s Medical Center, are internationally recognized for innovative research and health care. BIOTECHNOLOGY Utah’s health care industry benefits from the State’s position as a leading center for biotechnology research and industry. The University of Utah has identified more disease-related genes than any other university in the world. Utah is home to superior research through the world’s largest family history database, along with clinical data regarding cancer and other health challenges in families. Utah’s research universities and companies such as Myriad Genetics, Merit

2007 CRIME IN UTAH Population Metropolitan Statistical Area 2,351,180 Area actually reporting 99.9% Estimated total 100.0% Cities outside metropolitan areas 137,076 Area actually reporting 86.3% Estimated total 100.0% Nonmetropolitan counties 157,074 Area actually reporting 88.7% Estimated total 100.0% State Total 2,645,330 Rate per 100,000 inhabitants

Violent Crime

Murder

Forcible rape

Robbery

Aggravated assault

Property crime

Burglary

Larcenytheft

Motor vehicle theft

5,755 5,759

53 53

822 823

1,399 1,400

3,481 3,483

86,029 86,095

14,288 14,299

63,301 63,350

8,440 8,446

201 233

0 0

43 50

11 13

147 170

3,582 4,153

542 628

2,861 3,317

179 208

193 218 6,210 234.8

4 5 58 2.2

31 35 908 34.3

6 7 1,420 53.7

152 171 3,824 144.6

2,081 2,346 92,594 3,500.3

545 614 15,541 587.5

1,396 1,574 68,241 2,579.7

140 158 8,812 333.1

Source: http://www.fbi.gov/ucr/cius2007/data/table_05.html

WWW.BUSINESS.UTAH.GOV

Medical, Sonic Innovations and ZARS Pharma are pioneering groundbreaking research in life sciences and medical devices. In addition, innovations in proteomics, targeted drug therapies and drug delivery systems, and other advanced technologies will continue to keep Utah on the forefront of biotechnology. For more information on Utah’s life sciences industry, as well as the State’s other leading economic clusters, visit goed.utah.gov/initiatives/ clusters/utah.html. CLIMATE AND WEATHER Like the State’s topography, Utah’s four-season climate is invigorating and diverse. The State’s elevation ranges from a low of 2,200 feet in southwestern Washington County to more than 13,500 feet in the Uinta Mountains in the northeastern corner of the State. The average maximum daytime temperature in Utah’s leading metropolitan areas ranges from an average of about 37 degrees (36 degrees in Salt Lake City; 32 in Park City; 53 in St. George) in January to 93 degrees in July (92 degrees in Salt Lake City; 82 in Park City; 102 in St. George). Utah’s climate features low humidity and plentiful sunshine. In Salt Lake County and many other areas in the State, the summer daytime relative humidity averages less than 30 percent, and sunny skies prevail for an average of 237 days per year. The air quality in the vicinity of Capitol Reef National Park is the best among the lower 48 states. Annual precipitation varies from less than five inches in Utah’s arid Great Salt Lake Desert to more than 60 inches in the northern mountain ranges. In the State’s most densely populated counties—Davis, Salt Lake, Utah and Weber—precipitation averages six inches per year. Snow accumulates to depths of 10 feet or more at some Wasatch Mountain ski resorts; at some locations, the season-long snow total may exceed 50 feet. WINTER RECREATION Utah’s 13 downhill and six cross-country ski resorts provide some of the world’s finest skiing and snowboarding. In the October 2008 issue of Ski Magazine, more than 7,000 voters and readers selected Utah’s Deer Valley resort the country’s best ski resort. Additionally, seven of Utah’s 12 other ski resorts made the top 30 list, including Park City Mountain (#5), Canyons (#13), Solitude (#22), Snowbird (#25), Alta (#28) and Snowbasin (#30).

Low humidity and low mountain temperatures result in the dry powder snow for which Utah has become famous, earning the moniker, “The Greatest Snow on Earth™.” The State’s heavy snowfall (up to 500 inches at some resorts) often extends the Utah ski season from mid-November through early May. For more information, visit www.skiutah.com. Winter sports enthusiasts will also appreciate the ongoing Olympic legacy left as a result of Salt Lake City playing host to the 2002 Winter Olympic Games. Eleven venues were selected to house the Olympics’ athletic events, including a newly-built, state-of-the-art skating rink and the world´s fastest luge track. All of the Olympic venues are open to the public, allowing visitors to experience the sites firsthand and share in history. Visit www.utah.com/ olympics for more information. There are also plentiful opportunities for snowshoeing, ice climbing and snowmobiling on 850 miles of groomed trails running through fascinating and spectacular topography that ranges from rugged mountains to redrock. SUMMER RECREATION Utah’s outdoors offer enough activities to fill many lifetimes of summer recreation opportunities, including camping, hiking, mountain biking, rock climbing, fishing, hunting and countless other activities in some of the most varied and spectacular scenery anywhere. The State is also a global destination for water sports enthusiasts seeking adventure in whitewater rafting, kayaking, boating, jet skiing and scuba diving. CYCLING Utah’s mountains and redrock deserts are a mecca for mountain bikers and touring cyclists of all ages and abilities. Moab is one of the leading U.S. cycling hubs, and most of Utah’s ski resorts offer bike rentals as well as numerous mountain trails. For more information, contact Bicycle Utah at 801-649-5806 or visit bicycleutah.com. TRAILWAYS Seven of Utah’s most popular trail systems are being expanded and united to form the Utah Trailways, totaling more than 938 miles. Most trails are located close to the State’s primary population centers, providing quick access to walking, biking, hiking, horseback riding and off-roading in the midst of varied

SKI RESORT COMPARISON CHART City Adult All Day Pass Child All Day Pass Annual Snowfall Skiable Acres Runs Vertical Drop Base Elevation Top Elevation % Beg. Terrain % Int. Terrain % Adv. Terrain Child Care Night Skiing Snowboarding Terrain Park Half-pipe Acres of Snowmaking Lift Served Snow Tubing Miles to airport

Alta Alta $52 $23 500” 2,200 40+ 2,020’ 8,530’ 10,550’ 25% 40% 35% Yes No No No No 50 No 33 SLC

Beaver Mtn Logan $33 $27 400” 464 22 1,600’ 7,200’ 8,800’ 35% 40% 25% No Yes Yes Yes No None Yes 112 SLC

http://utahtravelcenter.com/activities/skiing/comparisonchart.htm

UTAH FACTS 2009

Brian Head Brian Head $40 $27 425” 500 53+ 1,707’ 9,600’ 11,307’ 30% 40% 30% Yes Yes Yes 3-4 Yes 180 Yes 195 LV

Brighton Brighton $47 $42 500” 850 64 1,745’ 8,755’ 10,500’ 21% 40% 39% No Yes Yes Yes Yes 200 No 35 SLC

OLYMPIC VENUES and spectacular scenery. For more information about Utah’s trailways, visit www.utahtrails.com or www.utah.gov/visiting/stateparks.htm NATIONAL PARKS, MONUMENTS AND RECREATION AREAS Southern Utah contains the greatest concentration of national parks in the U.S. The State’s five national parks—Arches, Bryce Canyon, Canyonlands, Capitol Reef and Zion—are regularly recognized as among the most beloved national parks by visitors in the United States and from around the globe. In addition, Utah’s seven national monuments, two national recreation areas, one national historic site and many state parks and recreation areas provide outdoor enthusiasts with unique and varied opportunities. The State’s national parks system unit welcomed 8.8 million visitors in 2008 – up approximately 6 percent from the previous year – including 2.7 million visitors to Zion, the country’s eighth-most-visited national park. Utah’s state park system attracted approximately 4.5 million visitors. For more information, contact the Utah Office of Tourism (801) 538-1900 or visit travel.utah.gov. ARTS AND CULTURE Utah boasts rich artistic and cultural resources. The Utah Arts Council, founded in 1899, represents almost 200 theatres, more than 100 dance and approximately 500 music organizations, including The Utah Symphony, Ballet West and the Utah Opera Company. Utah is also home to a number of distinguished festivals and other cultural organizations and events throughout the State, including the internationally renowned Sundance Film Festival, the Tony Award-winning Utah Shakespearean Festival and the Mormon Tabernacle Choir. For more information on Utah’s cultural offering, visit arts.utah.gov or www.utah.com/arts. A GROWING TOURIST MECCA Word of Utah’s incomparable attractions and experiences is reaching an increasing number of people throughout the world. From 2004 to 2008, the number of visitors to the Beehive State increased from 17.5 million to 20.4 million, and tourism revenue increased from $5.648 billion to $7.190 billion.

The Canyons Park City Variable Variable 355” 3,500 125 3,190’ 6,800’ 9,990’ 14% 44% 47% Yes No Yes Yes Yes 150 Yes 33 SLC

Deer Valley Park City $77 $45 300” 1,750 87 3,000’ 6,570’ 9,570’ 15% 50% 35% Yes No No No No 500+ No 39 SLC

Elk Meadows Beaver $35 $20 400” 420 36 1,400’ 9,100’ 10,400’ 20% 50% 30% *Yes No Yes Yes Yes None Yes 227 LV

Nordic Valley Eden $20 $10 300” 100 19 1,000’ 5,400’ 6,400’ 30% 50% 20% No Yes Yes No No 50 Yes 50 SLC

Park City Park City $45 $25 350” 3,300 100 3,100’ 6,900’ 10,000’ 18% 44% 38% No Yes Yes No Yes 475+ No 37 SLC

Utah Olympic Oval

Deer Valley Mountain Resort

5662 South 4800 West (Cougar Lane) Kearns, Utah (801) 968-OVAL (6825) Speed Skating

2250 Deer Valley Drive Park City, Utah Slalom, Freestyle Aerials and Freestyle Moguls

Utah Olympic Park

Salt Lake Ice Center/ EnergySolutions Arena

Olympic Parkway and Highway 224 at Kimball Junction Park City (435) 658-4200 Bobsleigh, Luge, Skeleton, Ski Jumping and Nordic Combined

301 W. South Temple Salt Lake City, Utah Figure Skating, Short Track Skating

Soldier Hollow (Wasatch State Park) 2002 Soldier Hollow Drive near Midway (435) 654-2002 Biathlon, Cross-Country Skiing

E Center 3200 S. Decker Lake Dr. West Valley City, Utah Ice Hockey

Snowbasin Ski Resort The Peaks Ice Arena 100 No. Seven Peaks Blvd. Provo, Utah Ice Hockey

Highway 167 (Trapper’s Loop) (801) 399-0304 Downhill, Super G, Combined Downhill/Slalom

Ice Sheet at Ogden

Rice Eccles Olympic Stadium

4390 Harrison Blvd. Ogden, Utah Curling

University of Utah Campus Salt Lake City Opening and Closing Ceremonies, Home of Olympic Cauldron

Park City Mountain Resort 1310 Lowell Avenue Park City, Utah Giant Slalom, Snowboarding Parallel and Halfpipe

Powder Mtn Eden $50 $30 500” 2,500 81 2,005’ 6,895’ 8,900’ 10% 50% 40% No Yes Yes No Yes None Yes 55 SLC

Snowbasin Huntsville $60 $37 400” 1,800 39 2,400’ 6,400’ 8,800’ 20% 50% 30% No No Yes No No None No 53 SLC

Olympic Village University of Utah Campus Salt Lake City Athlete Village

Snowbird Salt Lake City $64 $10 with adult 500” 2,500 89 3,240’ 7,760’ 11,000’ 25% 30% 45% Yes Yes Yes No No 100 Yes 29 SLC

Solitude Solitude $53 $32 450” 1,200 63 2,047’ 7,988’ 10,035’ 20% 50% 30% No No Yes No No 90 No 33 SLC

Sundance Sundance Variable Variable 320” 450 41 2,150’ 6,100’ 8,250’ 20% 40% 40% *Yes Yes Yes *Yes *Yes None *Yes 55 SLC

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COUNTY ECONOMIC DEVELOPMENT OFFICES

ORGANIZATION Beaver County Economic Development Box Elder County Economic Development Cache Valley Chamber of Commerce Carbon County Future Daggett County Economic Development Davis County Economic Development Duchesne County Economic Development Emery County Economic Development Garfield County Economic Development Grand County Economic Development Iron County Economic Development Juab County Economic Development Agency Kane County Economic Development Millard County Economic Development Assoc. Morgan County Economic Development Piute County Economic Development Rich County- Bear Lake Regional Commission Salt Lake County- Economic Development San Juan County Economic Development Sanpete County Economic Development Assoc. Sevier County Economic Development Summit County Economic Development Tooele County Economic Development Uintah County Economic Development Utah County Business Development Wasatch County Economic Development Washington County Economic Development Council Wayne County Economic Development Weber County Economic Development Corp.

ADDRESS 330 S. Main, P.O. Box 511 Beaver, UT 84713 1 S. Main Street 3rd floor Brigham City, UT 84302 160 N. Main Street Logan, UT 84321 120 E. Main Street Price, UT 84501 P.O. Box 219 Manila, UT 84046 P.O. Box 618 Farmington, UT 84025 50 E. 200 South P.O. Box 1417 Roosevelt, UT 84066 95 E. Main St. #107 P.O. Box 297 Castledale, UT 84513 55 South Main Street, P.O. Box 77 Panguich, UT 84759 125 E. Center Street Moab, UT 84532 10 N. Main Street Cedar City, UT 84720 160 N. Main Street, Rm. 102 Nephi, UT 84648 76 N Main Kanab Ut 84741 71 S. 200 W. Delta, UT 84624 48 W. Young St. P.O. Box 886 Morgan, UT 84050 550 N. Main Street P.O. Box 99 Junction, UT 84740 69 N. Paradise Pkwy Garden City, UT 84028 2001 S. State Street, Ste. S2100 SLC, UT 84190 117 S. Main Street P.O. 490 Monticello, UT 84535 191 N. Main Street P.O. Box 148 Manti, UT 84642 250 N. Main Street Richfield, UT 84701 P.O. Box 1630 Park City, UT 84060 47 S. Main Street Tooele, UT 84074 134 West Main Street Vernal, UT 84078 34 E. 1700 S. OSTC Bldg. Provo, UT 84601 475 N. Main Street Heber City, Utah 84032 225 S. 700 E. St. George, Utah 84770 18 South Main, P.O. Box 189 Loa, UT 84747 2484 Washington Blvd., Ste. 400 Ogden, UT 84401

For More Information: The Utah Governor’s Office of Economic Development 324 South State Street, Suite 500 Salt Lake City, Utah 84111 (801) 538-8700 www.business.utah.gov

UTAH FACTS 2009

PHONE (435) 438-6482 (435) 734-3397 (435) 752-2161 (435) 636-3295 (435) 784-3218 (801) 451-3278 (435) 722-4598 (435) 381-5576 (435) 676-1157 (435) 259-1347 (435) 586-2770 (435) 623-3400 (435) 644 4901 (435) 864-1407 (801) 845-4008 (435) 577-2949 (435) 946-2198 (801) 468-2221 (435) 587-3235 (435) 835-4321 (435) 893-0454 (435) 649-6100 (435) 843-3160 (435) 789-1352 (801) 420-9109 (435) 654-3666 (435) 652-7750 (435) 836-1315 (801) 621-8300

WEBSITE www.beavercountyutah.com/ www.boxelder.org www.cachechamber.com www.carbon-county.com www.daggettcounty.org www.daviscountyutah.gov www.duchesne.net www.emerycounty.com www.garfield.utah.gov www.grandcountyutah.net www.cedarcity.org www.co.juab.ut.us www.kane.utah.gov www.millardcounty-ecdev.com www.morgan-county.net www.piute.org www.richcountyut.org www.co.slc.ut.us www.utahscanyoncountry.com www.sanpete.com www.sevierutah.net www.parkcityinfo.com www.co.tooele.ut.us www.co.uintah.ut.us www.edcutah.org/uc/ www.hebervalleycc.org www.dixiebusinessalliance.com www.waynecountyutah.org www.echamber.cc

UTAH’S RÉSUMÉ IS SECOND TO NONE Utah #1

Utah #1

“MOST DYNAMIC ECONOMY”

ECONOMIC OUTLOOK

– Kauffman 2008 State New Economy Index ■ #1 “Inventor Patents” ■ #2 “Online Population” ■ #3 “Fastest Growing Firms” ■ #6 “Venture Capital”

– Rich States Poor States ALEC – Laffer State Economic Competitiveness Index Based on 16 important state policy variables, Utah ranked number one in the nation for overall future economic outlook.

Utah #1

“THE BEST MANAGED STATE IN THE NATION”

TECHNOLOGY CONCENTRATION AND DYNAMISM

– The Pew Center on the States The Center ranked the states based on how well they manage their budgets, staffs, infrastructure and information. States were graded on their recruitment and retention of qualified employees, their use of information and technology, management of budgets and purchasing systems, and planning for improvements to roads, bridges and other core infrastructure.

– Milken Institute The Milken Institute is a nonprofit, independent economic think tank whose mission is to improve the lives and economic conditions of diverse populations helping business and public policy leaders identify and implement innovative ideas for creating broad-based prosperity.

BEST-PERFORMING CITIES 2008 Where America’s Jobs Are Created and Sustained – Milken Institute Top 25 Large Metros ■ #1 – Provo-Orem, Utah ■ #3 – Salt Lake City, Utah ■ #18 – Ogden-Clearfield, Utah

UTAH TOP 10 STATES WITH STABLE REVENUES FOR 2009 – National Conference of Sate Legislatures Utah’s situation, thanks to conservative budgetary forecasts and not spending one-time money on ongoing needs, is much sunnier by comparison to other states. “Utah is in a relatively healthier fiscal situation than most states, and in fact, one of only 10 states to project a stable outlook for revenues” for the 2009 fiscal year.

(801) 538-8700 www.business.utah.gov WWW.BUSINESS.UTAH.GOV

GREAT CHOICE The State of Utah thanks the many fine companies who have selected Utah as the location to build or expand major new projects in our State.

Utah “Most Dynamic Economy” All of these companies will be able to provide their employees with an unparalleled quality of life and in the process enjoy “the Most Dynamic Economy” in the country.

Utah “Best State for Business” Rural or urban, the Utah lifestyle and productivity of the workforce is among the best in the world. Your company can make the right choice and join these and other great companies in Utah. Enjoy the many benefits you will find by moving your company to Utah, widely praised as a “Best State for Business.” For help with your move, call or email us at 801-538-8828 or ahamblin@utah.gov.

The Procter & Gamble Company

See “What’s Right In Utah,” visit our website at www.goed.utah.gov/dvd and order your “Utah is the Answer” DVD today!

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UTAH FACTS 2009

Utah Facts - 2009

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