Governor’s Office of Economic Development Mission

Mission Statement

Utah will excel in job creation, innovation, entrepreneurship, global business, and quality workforce and have a stable and sustainable business friendly environment.

GOED is organized into three business units:

CREATE • Works to identify and leverage specific industries and business environments, or

“clusters,” where Utah has competitive advantages. • Assists emerging companies and encourages development of Utah’s physical infrastructure, and facilitates networking, access to human capital and financing sources.

GROW • Focused on retention and expansion of existing Utah companies, and the recruitment and relocation of new companies to the State. • Utilizes incentives to companies, in the form of postperfor mance grants and tax credits, which are contingent upon the creation of new jobs and the generation of new state tax revenue. Incentives are post-performance, disbursements made only after the company meets contractual performance metrics. • Incentives for film production have also become a determining factor in building the economic base of the Utah film industry. • Through the International Trade and Diplomacy Office, conducts activities such as trade missions to encourage expansion of international business opportunities for Utah companies and attract foreign investment.

PROMOTE • Focused on publicizing Utah to key domestic and international markets through trade shows, sales missions and familiarization tours. • Promoting Utah helps the Create and Grow programs by raising the positive Utah profile which attracts new businesses to the State and assists Utah companies as they seek to market new technologies, increase international trade and generate economic activity.

GOED Values

• Integrity • Drive change & continuous improvement • Teamwork & cooperation • Be the best at what we do, and partner for success • To maintain the momentum of Utah’s “Dynamic Economy”