Dear EDCUtah Members,

We are proud to report that FY16-17 was another record year for project results. For the first time in our 30-year history, we had projects commit to over 6.1 million square feet. EDCUtah announced 34 project wins with 9,356 jobs, making FY16-17 one of our most productive years to date.

In addition to breaking economic development records, EDCUtah retooled its services and added new data and analytic research capabilities in order to identify, attract and grow competitive, high-value companies. We launched our Public Development Department to better serve our investors from the public sector. We also reorganized our staff and streamlined operations to better accomplish the mission of the company.

For the FY17-18, EDCUtah will continue to make operational improvements and build on this year’s success. Using a goal oriented, Strategic Recruiting Plan, we will ensure that program dollars will be spent where projects originate.

Additional highlights of our FY16-17 accomplishments are in the report below. Thank you for your continued support of EDCUtah’s mission to serve as a catalyst for quality job growth and increased capital investment in Utah. Together we can lead the way in economic and employment growth for our state.

Sincerely,
Theresa Foxley
President & CEO
Dean Liukart
Chairman of the Board
  • 7682
    New or Retained Jobs
  • Net New Projects
    136
  • Capital Investment
    $915.2M
  • Square Footage
    6.1M

2016-17 Wins

Thirty-four EDCUtah projects announced their intentions to grow or expand in Utah during 2016-17. Projects selected a range of communities, both urban and rural, from Box Elder to St. George. All of Utah's targeted industries were represented, including life sciences, outdoor products, software, energy, aerospace and more.

Global Strategy & Outreach and Events

EDCUtah's Global Strategy & Outreach (GS&O) and Events teams had an excellent year, hosting recruiting missions, tradeshows and events in nine US states and three countries. The Events team strengthened relationships with key site selectors and industry promoters, while GS&O added 99 new companies to the project pipeline.

Events
Global Strategy & Outreach
Event
International Baking Industry Exposition (IBIE)
October 8-11, 2016
Las Vegas, Nevada
Event
International Council of Shopping Centers (ICSC) RECon Convention
May 9-11, 2017
Las Vegas, Nevada
Event
Business Expansion and Legislative Update
February 8, 2017
Salt Lake City, Utah
Event
Sundance Site Selection and Cinema Event
January 18-22, 2017
Park City & Salt Lake City, Utah
Event
Xponential Conference
May 9-11, 2017
Dallas, Texas
Event
What's Up Down South / EDCUtah Entrada Reception
January 13-14, 2016
St George, Utah
Event
The Composites and Advanced Materials (CAMX) Trade Show
September 27-20, 2016
Anaheim, California
Event
National Business Aviation Association Convention & Exhibition (NBAA)
November 1-3, 2016
Orlando, Florida
Event
Industrial Asset Management
October 8-12, 2016
Indianapolis, Indiana
Global Strategy & Outreach
Outdoor Retailer Summer Market
August 3-6, 2016
Salt Lake City, Utah
Global Strategy & Outreach
New York City GS&O Campaign
November 7-9, 2016
New York City, New York
Global Strategy & Outreach
Toronto GS&O Campaign
September 12-14, 2016
Toronto, Ontario
Global Strategy & Outreach
IBIE GS&O Campaign
October 10-11, 2016
Las Vegas, Nevada
Global Strategy & Outreach
Southern California GS&O Campaign #1
December 5-7, 2016
Los Angeles, California
Global Strategy & Outreach
Snow Show GS&O Campaign
January 24-27, 2017
Denver, Colorado
Global Strategy & Outreach
Northern California GS&O Campaign
February 13-15, 2017
San Fransisco, California
Global Strategy & Outreach
Southern California GS&O Campaign #2
March 20-22, 2017
Los Angeles, California
Global Strategy & Outreach
Boston GS&O Campaign
May 1-4, 2017
Boston, Massachusetts
Global Strategy & Outreach
Select USA GS&O Campaign
June 18-20, 2017
Washington, D. C.
Event
Paris Air Show
June 23-25, 2017
Paris, France
Global Strategy & Outreach
London GS&O Campaign
April 3-7, 2017
London
  • 99
    new leads from GS&O campaigns
  • 183
    total open GS&O leads
  • 331
    new jobs from GS&O projects

2016-17 Program of Work Report

EDCUtah identified 46 individual strategic initiatives on which to focus in the 2016-17 Program of Work. We are happy to announce that we succeeded in accomplishing more than 90% of them during the year, which directly lead to record project outcomes. At the start of the 2017-18 fiscal year, EDCUtah renamed this document as the "Strategic Recruiting Plan" with updated goals for each department. To download this year’s plan, click here

Department Goals Notes
Marketing 7 / 7 Highlights from the marketing achievements include the trade show booth rebuild, content and communication strategy development, and the Utah Mega Sites Program creation.
Events 6 / 9 The events team was busy with trade shows such as NBAA, IBIE, and ICSC. Successful site selector events were also conducted, including the Sundance Site Selection & Cinema Event.
Global Strategy & Outreach 11+ / 11 The GS&O team conducted corporate recruiting campaigns in seven states and two countries, including California, New York, Toronto and London.
Research 5+ / 6 The research team continued to develop publications focused on various industries in Utah, as well as conducted primary and secondary research in areas critical to site selection.
Business Development 3 / 5 Integration between the Business Development and GS&O teams was a success with one Business Development Manager present on each recruiting campaign.
Membership & Administration 7 / 8 A new accounting policy and procedure rewrite, a restructure of the monthly financial reporting, and an investor level increase study were highlights of the many things accomplished in the membership and administration department.

Research & Marketing

EDCUtah's Research & Marketing team continued work to produce more industry profiles on Utah’s top sectors. The team also completed many primary and secondary research projects, including the "50x50," a comprehensive examination of the top 50 metrics important to corporate site selection across all 50 states.

  • Data Center
  • Business & Economics in Utah
  • 50 x 50
  • Finance
  • FinTech
  • Headquarters and Shared Services
  • Manufacture and Distribution
  • Membership Study
  • Site Selector Perception Study

Public Development

Near the end of the 2016-17 fiscal year EDCUtah brought back the Public Development department with the promotion of Max Backlund to Director of Public Development. The goals of the department are to support economic development efforts of EDCUtah's investors from the public sector, and prepare them for corporate recruitment and business expansion opportunities. In the short months since its creation, the Public Development department has developed products for 35 communities, performed 26 retail leakage reports, created seven community profiles, and conducted three business community surveys.

"EDCUtah 3.0"

"EDCUtah 3.0" represents the goals and initiatives identified by company leadership to bring the organization into the future, while learning from the past. In order to accomplish this, many organizational improvements were made in 2016-17 that reflect the new direction of EDCUtah.

Awards

Nick Rose Award for Leadership in Economic Development

Private Sector

Alan Rindlisbacher

Director of Corporate Marketing, Layton Construction

"Alan has been a longstanding champion for economic development in the state of Utah. From his earliest career opportunities working for the State in the Governor’s Office of Economic Development, throughout his 20 year career at Layton Construction and in his current leadership role at Visit Salt Lake, Alan has been right in the middle of making deals happen in our community and across the State. He continues to be an effective leader and is a terrific choice for the Nick Rose Award for Leadership in Economic Development. Congratulations Alan on distinguishing yourself amongst your peers."

-- Dave Layton, President & CEO, Layton Construction

Thayne Robson Award for Leadership in Economic Development

Public Sector

Governor Gary R. Herbert

Governor of Utah

"Every team needs a leader to step up, take responsibility and inspire excellence in their team. And Governor Herbert is that leader for Utah. In fact, he’s been so successful at developing innovative solutions for Utah, that now many other governors and political leaders come to him for advice and ideas on how to solve the challenges their states face. Governor Herbert has made Utah a haven for business creation and the state is seen as a model for other states to emulate. He is a governor who understands business, a believer in what dreamers can do, a convener, connector and partner across industries and interests, a governor who is bringing Utah the future, a governor who is protecting the future for Utahns, a governor who is enriching our communities, our state and our world with new research and technology, and Utah's chief champion of innovation and business creation."

-- Scott Anderson, President & CEO, Zions Bank

Cornerstone in Economic Development Award

The Utah Jazz Legacy Trust

"The Utah Jazz have been a meaningful and influential part of our community since their move to Utah in the late 1970’s. By placing the franchise and arena in a legacy trust, Gail Miller and the Miller family have given the citizens of this state one of the greatest gifts possible - the assurance that this incredible community asset will stay in Utah for many years to come. This is one of many generous contributions they have made to our community for which we are incredibly grateful."

-– Governor Gary R. Herbert, 17th Governor of Utah