Economic Development Corporation of Utah
OVERVIEW 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. EDCUtah has partnered 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. A New Record for Jobs Created and Retained During FY2012, 29 companies announced decisions to either relocate or expand in Utah. These companies will add 8,747 jobs to the state’s economy, retain another 2,763 jobs, and will make capital investments in Utah totaling more than $1.2 billion. Here’s a breakdown: Jobs Created:
8,747
Jobs Retained:
2,763
Capital Investment:
$1.2 billion
Square-footage:
3.6 million
Headquarters relocations:
6
“Counting jobs created and retained we are over 11,000 jobs for the fiscal year just ended – that is a new record for us,” says EDCUtah President & CEO Jeff Edwards. “Success breeds success. Utah’s business climate has attracted a lot of attention in recent years, and we are finding now that businesses have moved beyond the question of ‘What’s going on in Utah?’ to making their decisions to locate or expand here.”
Governor’s Office of Economic Development • 2012 Annual Report • www.business.utah.gov
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