Presentation on theme: "T H E E C O N O M I C D E V E L O P M E N T C O R P O R A T I O N O F U T A H 1 Salt Lake City ED Night October 21, 2008."— Presentation transcript:
T H E E C O N O M I C D E V E L O P M E N T C O R P O R A T I O N O F U T A H 1 Salt Lake City ED Night October 21, 2008
T H E E C O N O M I C D E V E L O P M E N T C O R P O R A T I O N O F U T A H 2 2 Mission To serve as a catalyst for quality job growth and increased capital investment by assisting in-state companies to grow and recruiting out-of-state companies to expand and relocate in Utah.
T H E E C O N O M I C D E V E L O P M E N T C O R P O R A T I O N O F U T A H 3 History Public-private, nonprofit partnership In business since 1987 Statewide representation State, local and private investors 250+ members 17 full-time staff, 2 consultants $2.5M annual budget Project handling, research, economic development consultation, site preparation, promotions and public relations.
EDCUtah Services Corporate recruitment project management Client handling Economic data gathering and presentation Site visit preparation and execution Relationship facilitation Tax incentive consultation Real estate tracking and cataloging Community outreach Economic development training Marketing and promotions T H E E C O N O M I C D E V E L O P M E N T C O R P O R A T I O N O F U T A H 4
5 Recruitment Results Last Three Years Jobs Created / Retained 17,573/ 2,452 Square footage 8,473,804 Headquarters 18 Capital Investment$5.7B Site Visits394 Total Open Projects 248
Salt Lake City Project Success Last Three Years Cephalon, Inc. –550 jobs –$118M capital investment Childrens Miracle Network –155 jobs –$7M capital investment Interline Brands, Inc. –50 jobs Sephora USA –500 jobs –$19.5M capital investment Goldman Sachs –350 jobs –$20M capital investment Million Air Salt Lake International –100 jobs –$5M capital investment Young Electric Sign Company –160 jobs –$5M capital investment Air Liquide –43 jobs –$21M capital investment T H E E C O N O M I C D E V E L O P M E N T C O R P O R A T I O N O F U T A H 6 Hunter Douglas –250 jobs –$17M capital investment Clear Link Technologies –85 jobs Varian Medical Systems –100 jobs –$15M capital investment Arch Aluminum & Glass Company –90 jobs –$8M capital investment Yellow Freight –250 jobs –$9M capital investment Silicon Valley Bank –300 jobs American Distribution Centers –85 jobs –$9M capital investment Avalanche Software/Fall Line Studios –565 jobs –$15M capital investment
Local Business Support T H E E C O N O M I C D E V E L O P M E N T C O R P O R A T I O N O F U T A H 7 Expansion and retention assistance –Cradle-to-grave project support Tax incentive options –State and local policies Economic data and information –Demographic, economic and market data Real estate options –SURE Sites Networking –Public and private sector support
T H E E C O N O M I C D E V E L O P M E N T C O R P O R A T I O N O F U T A H 9