Economic Development Corporation of Utah
OVERVIEW The Economic Development Corporation of Utah (EDCUtah) is an investor-based public-private partnership that works with government and private industry to bring quality job growth and increased capital investment to Utah. EDCUtah assists in-state companies with expansion and recruits out-of-state companies to relocate to Utah. EDCUtah accomplishes its mission by providing companies with comprehensive economic data as well as access to key public and private contacts. EDCUtah serves as the point-of-contact for companies considering a move to Utah. EDCUtah partners with GOED to handle the state’s business recruitment efforts. This strong partnership proves incredibly successful in recruiting businesses to Utah and links state government with local government and the private sector in a seamless manner. 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 FY2014, 36 companies announced decisions to relocate or expand in Utah, which will add 8,326 new jobs over the coming years, retain another 733 jobs and create capital investments totaling $677.5 million. Here’s a breakdown: Jobs to be Created
8,326
Jobs Retained Capital Investment
733 $677.5 billion
Square-footage Headquarters Relocations
1.9 million 8
“It’s been another strong year for economic development with 8,326 jobs to be created and another 733 jobs retained during EDCUtah’s fiscal year,” said EDCUtah President and CEO Jeff Edwards. “Utah continues to compete and win major relocation and expansion projects. This is a fantastic time for economic development in Utah.” Notable project wins during the fiscal year include Cardon Outreach with 690 jobs in Salt Lake County; Allstate with 650 jobs in Ogden; Varian Medical with 1,000 jobs in Salt Lake City; Cabela’s with 600 jobs in Tooele County; and Oracle with 351 jobs in the state.
Governor’s Office of Economic Development • 2014 Annual Report • www.business.utah.gov
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