Economic Development Corporation of Utah (EDCUtah) is an investor-based public/private partnership that works with government and private industry as a catalyst to bring quality job growth and increased capital investment to Utah.
EDCUtah assists in-state companies with their growth while recruiting out-of-state companies to expand and/or relocate in Utah. EDCUtah accomplishes its mission by being the comprehensive source for Utah economic data, providing key public and private contacts and assisting companies through the expansion or relocation process.
A New Record for Jobs Created and Retained
During FY2013, 31 companies announced decisions to either relocate or expand in Utah. These companies will add 9,405 jobs to the state’s economy, retain another 1,931 jobs, and will make capital investments in Utah totaling more than $1.4 billion. Here’s a breakdown: Jobs Created: 9,405 Jobs Retained: 1,931 Capital Investment $1.4 billion Square-footage: 3.5 million Headquarters relocations: 9 “It’s been another record year for economic development with 9,405 jobs created and another 1,931 jobs retained during EDCUtah’s fiscal year,” said EDCUtah President and CEO Jeff Edwards. “If you roll up the last three years, we are up to nearly 30,000 jobs created and retained. This is a fantastic time for economic development in Utah.” Notable project wins during the fiscal year include Emery Refining, with 125 jobs in Emery County; SyberJet, with 1,200 jobs in Cedar City; HireVue, with 540 jobs in South Jordan; SolarWinds, with 1,040 jobs in Utah County; Boeing with 100 jobs in West Jordan and Enve with 324 jobs in Ogden. EDCUtah partners with GOED to handle the state’s business recruitment efforts.
This strong partnership has provided great success in recruiting businesses to Utah and links state government with local government and the private sector in a unified approach to business recruitment. Businesses that visit Utah report that they are impressed with the level of collaboration they experience as they work with the state and local economic development organizations. More than half of EDCUtah’s active projects are related to manufacturing companies, but the organization is seeing significant interest from the IT sector. The IT sector is maturing in Utah and many of the new projects are reflective of that. EDCUtah reports that one successful project win creates momentum, and other businesses take notice. Adobe’s expansion in Utah for example prompted many other companies to call EDCUtah and GOED for information about Utah’s IT sector. EDCUtah closed the year with 82 site visits. Further, EDCUtah has a record 354 open projects, over 50 more than this same time last year.
During the fiscal year, Utah enjoyed significant rankings from the national media and organizations like Pollina Corporate Real Estate, which ranked Utah at the top of its list of Ten Pro Business States. These credible rankings are important because they draw attention to the state, piquing the interest of companies and as a result Utah is considered for projects it might not have otherwise been considered for.
EDCUtah’s strong partnership with GOED is one of the reasons Utah has enjoyed such economic development success over the past year. The strong day-to-day working relationship between the two organizations is more than symbolic. EDCUtah and GOED are fully integrated into each other’s processes, which translates into a seamless customer experience. Furthermore, Governor Herbert’s active role in economic development is certainly a key part of Utah’s economic development success. When a company visits Utah, they find everybody is working in the same direction, from Governor Herbert to the teams at GOED and EDCUtah to our partners in education, local government and the business community.
Fiscal Year 2013 Wins
- PB Systems, Inc.
- Xi3 Corporation
- Monson Snowboards
- BioFire Diagnostics, Inc
- United States Cold Storage
- Enve Composites
- Orange Soda, Inc
- Klune Industries
- U.S. Translation Company
- Royal Bank of Scotland
- Orbit Irrigation Products, Inc.
- Petzl America
- 1-800 Contacts
- Capital Access Network Inc.
- Master Control
- Emery Refining