2007-08 - Success Builds, More World-Class Companies Move to Utah (22 of 30)
Following the lead of Rossignol and IM Flash from the previous fiscal year, other world-class companies made the move to Utah. Five companies established their headquarters in Utah in the 2007-08 fiscal year, and another 21 companies announced their plans to relocate or expand in the state. FiberTek Insulation, the Children’s Miracle Network, Cementation USA, Cryomed, and Avalanche Software/Fall Line Studios all established their headquarters in the state. EDCUtah ended the year with 21 project wins representing 5,370 jobs, 251 open projects, and 133 completed site visits.
Among the companies which announced plans to expand to Utah are Hershey, FiberTek Insulation, Oracle, Procter & Gamble, Sephora USA, and Thermo Fisher Scientific Inc. These companies alone brought over 2,000 new jobs to the state. Oracle, an enterprise software company, opened a new data center in West Jordan. Sephora USA and the Hershey Company both announced distribution centers in Salt Lake City and Ogden respectively. Thermo Fisher Scientific Inc. announced plans to build a state-of-the-art Bio-Center in Logan. “I am pleased that Thermo Fisher has chosen to remain in Logan and to make this very significant investment, recognizing our area for its outstanding workforce and ideal location,” said Logan’s Mayor at the time Randy Watts. Utah based companies PolyExcel, US Magnesium, Million Air Salt Lake International, and Young Electric Sign Company also announced plans for in-state expansions.
2007-08 brought three major wins for the state. Procter & Gamble’s announcement of a paper-products manufacturing plant in October of 2007 was a monumental win in Utah’s history. "Procter & Gamble is excited to be joining the community of Box Elder County, Utah. We are looking forward to working in partnership with this community for a long time. This facility will increase the number of skilled jobs available in northern Utah while enabling P&G to better serve consumers in the western U.S.," said." Mary Lynn Ferguson-McHugh, president of P&G Family Care of the new manufacturing plant. Procter & Gamble would continue their partnership with the local community, when in 2015 the company announced plans to expand their Utah plant, adding another 230 jobs.
In what would become the first of many expansions in Utah, Goldman Sachs announced plans to expand its existing operations adding 350 employees, effectively doubling its employee base. An expansion of this size was a significant step for Utah’s financial sector and Goldman Sachs, as it was the beginning of a long-term partnership between Utah and Goldman Sachs. Since this initial expansion, Goldman Sachs has grown their operations twice, in 2009 and 2014, adding another 1,040 jobs to the Utah economy. The company’s decision to repeatedly expand in Utah is a testament to Utah’s talented workforce, pro-business environment, and commitment to long-term growth.
Finally, FiberTek Insulation announced plans to build a headquarters and manufacturing facility in Nephi, marking a major win for rural Utah. Jordan Radman, Fibertek’s then President, said regarding the relocation process, “We’ve found the Economic Development Corporation of Utah, State of Utah, and the Juab County Economic Development Organizations to be progressive and professional organizations that have effectively portrayed the quality of the people of Utah and the quality of the business climate in Utah. We certainly look forward to being a respected and contributing business to the Nephi community.”
The 2007-08 fiscal year was another positive step forward in corporate recruitment in Utah. As stated above, the work done in this year laid a foundation for many future transformative projects in Utah.