2019/2020 Annual Report
Since 1987, EDCUtah has served as Utah’s premier nonprofit public-private partnership for catalyzing economic prosperity across Utah.
This long-standing statewide effort to attract competitive, high-value companies and spur the expansion of successful Utah businesses, has helped Utah become — and remain — one of the most desirable business destinations in the U.S.
Key Performance Indicators
EDCUtah recruits job opportunities and corporate investments that raise quality of life for Utahns. We ask each company we work with to provide an estimated project timeline, number of jobs, capital expenditure, and real estate needs. The numbers below represent the total multiyear project commitments announced during EDCUtah’s fiscal year.
Meet the team behind this year's success >>
Net New Projects
The total number of projects that entered EDCUtah’s pipeline in FY20, defined as an interested company able to provide three of the following: number of jobs, capital investment, square footage, project timeline, and budget approval. This year’s number matches those of FY18 and FY19, and represents a state record for three years running.
Project Wins
Those projects that resulted in a final decision to relocate or expand in Utah. Thirty-two wins is a lower number than FY19’s 40 wins however these projects yielded higher numbers of jobs, capital expenditure, and square footage. Our FY20 win rate was 20%.
New or Retained Jobs
The number of jobs that companies have committed to create—13,189—or retain—300—over the life of their projects. This is perhaps EDCUtah’s most important KPI because of what it represents—opportunities for Utah job seekers.
Capital Investment
Often referred to as “CapEx,” capital investment quantifies the total amount of money that relocating or expanding companies have committed to investing in Utah real estate and equipment over the life of their projects.
Square Footage
The aggregate total of real estate footprint of project wins—how much physical space these newly-relocated or newly-expanded companies will ultimately absorb.
