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-ofcontact for companies considering a move to Utah. EDCUtah partners with GOED to handle the state’s business recruitment efforts. This strong partnership has proven to be very 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. These efforts help GOED meet their goal of improving and promoting the economic health of both urban and rural communities.
Jobs Created and Retained During FY2015, 39 companies announced decisions to relocate or expand in Utah, which will add 8,402 new jobs, retain another 5,732 jobs and create capital investments totaling $851.4 million when completed. Here’s a breakdown: Jobs to be Created
8,402
Jobs Retained
5,732
Capital Investment Square-footage Headquarters Relocations
$851.4 million 3.5 million 13
Business Recruitment Over the past year, EDCUtah continued to ramp up its global business development efforts. As part of our efforts, we engaged in outreach to industry and site selectors in 15 markets across the country. We researched nearly 800 companies and made outreach attempts to more than 400 of them. Our team succeeded in converting 30 of these companies into viable project leads that we continue to work today. Governor’s Office of Economic Development • 2015 Annual Report • www.business.utah.gov
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