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Governor Herbert Announces Formation of Committee for an Inland Port

October 24 2016 - 3:38 pm

Press Release
For Immediate Release

Contact:
Jessica Nield
Marketing & Communications Director
World Trade Center Utah
(801) 538-8786
jnield@wtcutah.com

Governor Herbert Announces Formation of Committee for an Inland Port
Utah Global Forum demonstrates trade is alive and well in the Beehive State 

SALT LAKE CITY (Oct. 24, 2016) — During the third annual Utah Global Forum today, Gov. Gary R. Herbert announced the formation of an exploratory committee to drive the development of an inland port in Utah. Gov. Herbert addressed an audience of more than 400 business and community leaders, highlighting Utah’s ever-growing global presence.

“Despite anti-trade, isolationist rhetoric at the national level, Utah remains committed to promoting international trade,” Gov. Gary R. Herbert said in the address. “Fortunately, in expanding our business and influence internationally, we are aided by the fact that Utah is a leader in collaboration and partnership. We have a proven track record of finding solutions and building success through working together.”

This announcement follows the Kem C. Gardner Policy Institute’s recent study confirming the state’s potential to support an inland port, citing Salt Lake City’s geographic location, Utah’s robust labor market and infrastructure projects such as the airport expansion as important elements for success. An inland port is expected to support small businesses, manufacturing and economic growth statewide.

“Trade opens our landlocked state to millions of new customers and opportunities that would not be available in a closed economy,” said Derek Miller, president and CEO of World Trade Center Utah. “An especially important benefit of international trade is the relationships it forges between countries. Foreign trade is the key to economic prosperity and harmonious relationships worldwide.”

The Utah Global Forum, held at The Grand America Hotel in Salt Lake City, convened Utah business leaders, national experts and consuls general to exchange best practices in international trade. The event was hosted by Gov. Herbert and presented by World Trade Center Utah, the Governor’s Office of Economic Development (GOED) and the Salt Lake Chamber.

Edward Luce, chief U.S. columnist and commentator for the Financial Times, provided the morning keynote discussing challenges ranging from domestic elections to situations such as Brexit and rising tensions abroad. Following the keynote address, four “power presenters” provided expert advice on exporting, international partnerships, global finance and Utah’s inland port. Attendees later attended breakout sessions expanding on these topics, as well as international networking.

The World Trade Association, an organization of companies that work in the global marketplace, recognized two individuals and one company at the forum for their contributions to Utah’s global growth. This year’s awards, sponsored by KeyBank, included:

  • International Person of the Year – U.S. Sen. Orrin Hatch
  • International Company of the Year – doTERRA
  • Lifetime Achievement Award – Franz Kolb, Director of Diplomacy and Protocol at GOED’s International Trade and Diplomacy Office

Utah is ninth in the nation for export growth, one of few states to maintain a trade surplus. Approximately 22 percent of Utah jobs are supported in some way by international business. Research shows exporting firms are more productive and pay higher wages than non-exporting firms.

The Utah Global Forum is an annual event. Visit UtahGlobalForum.com for detailed information and video recordings from this year’s event, plus updates for the 2017 Utah Global Forum.

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About World Trade Center Utah (WTC Utah)
wtcutah.com

The mission of World Trade Center Utah (WTC Utah) is to help Utah companies think, act and succeed globally. WTC Utah accomplishes this mission through three key objectives. First is to motivate and educate Utah businesses to expand their global presence through training seminars, regional forums and newsletters focused on international business development, trade issues and export opportunities. Second is to build capacity of Utah businesses for international trade through B2B consultations to identify expansion goals, assess current capabilities, determine overseas opportunities and connect companies with market experts and potential partners. Third is to expand global network of Utah businesses through trade missions and networking with foreign trade officials.

About the Utah Governor’s Office of Economic Development (GOED)
business.utah.gov

The Governor’s Office of Economic Development (GOED) charter is based on Gov. Gary R. Herbert’s commitment to statewide economic development. The state’s economic vision is that Utah will lead the nation as the best performing economy and be recognized as a premier global business environment and tourist destination. GOED provides extensive resources and support for business creation, growth and recruitment statewide, as well as programs to increase tourism and film production for the benefit of Utah residents. All administered programs are based upon strategic industry clusters to develop a diverse, sustainable economy. GOED accomplishes its mission through unprecedented partnerships. For more information please contact: Aimee Edwards, (801) 538-8811 or edwards@utah.gov.

About the Salt Lake Chamber
slchamber.com

The Salt Lake Chamber is Utah’s largest business association and Utah’s business leader. A statewide chamber of commerce with members in all 29 Utah counties, the Chamber represents more than 8,000 businesses and 500,000 Utah jobs—nearly half the workforce of our state. With roots that date back to 1887, the Chamber stands as the voice of business, supports its members’ success and champions community prosperity.