UTAH IN THE NEWS “Here for the Holidays” State begins a campaign to help companies hire engineers IM Flash Technologies Honored with Economic Deal of the Year AwardWith Utah’s hot economy and day season. historically low unemployment, Company and State are honored for collaboration many Utah companies have placed bringing major economic development to the State.
To help facilitate dialogue, identify opportunities, or search engineering talent at the top of their for jobs, the Governor’s Office of holiday wish list this year. The State Economic Development (GOED) The Governor’s Office of Economic development collaboraof Utah, in partnership with key orhas set up a hot line with an easy nomic Development (GOED) and tions between state agencies and Utah Awarded “Silver Shovel” for ganizations, email address for resume submisBusiness Facilities Magazine preprivate sector companies. The has implemented a plan Industrial Development to help communicate with visiting sion. The goal is to put Utah jobs sented Rod Morgan and EDDY Award now in its engineering talent during the holiat the top of every engineer’s list. Dave Baglee, CEOs for IM 14th year recognizes the Award Honors Utah for 2006 Statewide Activity Flash Technologies, LLC, positive impact the Lake with the nationally recogproject will haveSalt upon theCity -The Governor’s Office of Economic Development nized “High Honor’s” local community, the announced Award for the Economic unique challenges the today that Area Development Development Deal of the project presented and the magazine, a leading publication Year Award (EDDY). originality, methods and effortfocused on corporate site selection Working with the Governor’s Ofused by the economic develop- in the United States, has recognized fice of Economic Development IM ment organizations involved to se- Utah with a “Silver award Flash Technologies was recognized as cure the company’sShovel” operations in for its industrial and corporate development activity in one of the countries outstanding ecoto the state. 2006. Utah competed against ten other states with a population of less Department of Labor Awards jobs, Utah was selected to receive than 3State million. Larger states the Silver Shovel award because of competed in other population $5 Million Grant categories. the overall quality of high quality jobs being created by the compaThe award is based on direct job U.S. Secretary of Labor Elaine L. Under the Workforce Innovanies expanding in Utah and the creation, new jobs per capita, Chao today announced a $5 million tion in Regional Economic Develsignificant investment being amount of newproinvestment, number grant to the State of Utah. The opment Initiative (WIRED) made in the projects now underof was newawarded facilities, Governor’s Office of Economic Degram the State theand number of way throughout the state. projects creatingdehigh value-added velopment (GOED) along with the $5 million dollars to further Department of Workforce Services velop a program designed to cre(DWS) and several other partners ate a pipeline of highly-skilled talTwo Major Reports Rank Utah Among have been working with DOL for a ent for Utah’s bio-technology and year on the program. bio-manufacturing industry. Top Places to do Business
Forbes Magazine Ranks Utah #2
Governor’s Office of Economic and CNBC Ranks Utah #3 Development Approves Salt Lake City - Utah received a State on the move. In the long Incentive in Nephi back to back accolades from two of term, a strong economy is the best the top business media organizaFiberTEK Insulation, LLC to build $32millon Plant Salt Lake City - The Governor’s Office of Economic Development (GOED) Board met today in a special board meeting and approved a $4 million combined IAF and EDTIF incentive. The incentive will be used in conjunction with other local incentives to encourage and assist FiberTEK in the construction of a new insulation plant that will add 99 New Full time jobs in Juab County. Jerry Oldroyd, Chairman of the
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tions today. Forbes Magazine’s Incentive subcommitteeRanking pointedof Utah as the No. 2 Best out that “the legislature State has given for Business, up from No. 4 last us a mandate to assist rural year.Utah At the same time Utah has whenever possible. It is imporbeen rated the No. 3 Best State by tant that we continue toCNBC. provideEach report recognized incentives to rural communities Utah’s high quality of life and supeand FiberTEK is an excellent fit rior workforce available to business. for Nephi.” “ We heard Nephi Governor Jon Huntsman touted Mayor Mark Jones justtheexpress newest rankings as a continuing how important a quality comtrend, “The recognition of our busipany like this will be inness-friendly their ruclimate is evidence of ral community,” continued Oldroyd.
way to ensure a solid foundation for our future.” According to the Governor’s Office of Economic Development, fiscal year 2006 and yearto-date 2007 data shows 28 companies were recruited to the State resulting in $3 billion in new wages being paid in the next ten years to 8,000 new Utah workers. New business capital investment will exceed $2 billion during the same period.
Governor’s Office of Economic Development • Annual Report 2007
