2018-2019 Annual Report

Key Performance Indicators


Net New Projects

The total number of projects that entered EDCUtah’s pipeline in FY19, 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 FY18’s which was a state record.


Project Wins

Those projects that resulted in a final decision to relocate or expand in Utah. Forty wins is higher than FY18’s 35 wins and represents a win rate of about 26%, right around EDCUtah’s average.


New or Retained Jobs

The number of jobs that companies have committed to create—9,623—or retain—827—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.

Project Wins

During 2018-19, 40 companies announced their intentions to grow or expand in Utah. This diverse set of project wins occured in a variety of communities, both urban and rural, and represented most of Utah’s target industries, including aerospace, life sciences, outdoor products, tech, finance, and manufacturing.

Tata Chemicals North America

Project Soda
40 Jobs

Moog Systems

Project Castle
120 Jobs
West Valley City

Sarcos Robotics

Project Tony
293 Jobs
Salt Lake City

Daily's Meats

Project Speck
35 Jobs
South Salt Lake

Cornerstone OnDemand

Project Mortarboard
355 Jobs


Project Finch 2
90 Jobs

Lending Club

Project 2nd Site/Dujji
860 Jobs


Project Evan
125 Jobs
Salt Lake City

Bullfrog Spas

Project Jetpack
400 Jobs

Merit Medical Systems, Inc.

Project Megalopolis
2433 Jobs
South Jordan

USA Climbing

Project Stolb
12 Jobs
Salt Lake City

The Arbinger Institute

Project Mindset
250 Jobs

Google, Inc.

Project Mars 2018
6 Jobs
Salt Lake City

Collective Health

Project Genie/Barkley
500 Jobs

Amer Sports

Project Flagship
155 Jobs


Project AECH
50 Jobs


Project Rosen
5 Jobs
North Salt Lake


Project Dream
250 Jobs
Salt Lake City

Ooda Health,Inc.

Project Ooda
60 Jobs
Salt Lake City


Projects Glenwild & Birthday Candles
200 and 485 Jobs
Salt Lake City

Allergy Research Group

Project Cake
100 Jobs
South Salt Lake

Olive & Cocoa

Project Seasonal
Salt Lake City

L3 Communications - Salt Lake City

Project Midtown
250 Jobs
Salt Lake City

National Bank Holdings

Project Common Sense
20 Jobs


Project Platypus
120 Jobs
Salt Lake City


Project Muir 2
506 Jobs

Elkay - West

Project Stainless
7 Jobs
Salt Lake City


Project Chatter
45 Jobs

E2 Optics

Project Server
50 Jobs
Eagle Mountain


Project Toolman
50 Jobs

Infab Corp

Project Gamma
90 Jobs

Tyson Foods

Project Mockingbird
1374 Jobs
Eagle Mountain


Project Brewer
100 Jobs
Cedar City


Project Peter
6 Jobs
Park City


Project Okafor
5 Jobs

DPS Skis

Project Local Flavor
16 Jobs
Salt Lake City


Project Big Willie Style
30 Jobs


Project Price
30 Jobs
Salt Lake City


Project North Star
100 Jobs
Salt Lake City


Every year, EDCUtah invites members, stakeholders, and the public to nominate outstanding Utahns for their leadership in economic development. Our awards—the Nick Rose Award, for private sector leaders, the Thayne Robson Award, for public sector leaders, and The Larry H. and Gail Miller Family Cornerstone Award, for organizations and foundations—recognize those who are making an incredible, tangible impact on our state, helping to bring jobs, investment, and prosperity to Utah.

Dr. Deneece Huftalin
Larry H. and Gail Miller Family Cornerstone in Economic Development

Salt Lake Community College

Dr. Deneece Huftalin

President of Salt Lake Community College

“When EDCUtah is competing on projects to grow Utah, workforce is always mentioned and a key to attracting new businesses to Utah. Salt Lake Community College is a terrific partner for Utah business and for EDCUtah. Under the direction of Dr. Deneece Huftalin, the institution is pursuing strategies for technical education and retraining. SLCC is doing as good of a job as any in aligning with the needs of industry as any institution in the country.” —Jay Francis, EVP, Larry H. Miller Companies

Dean Luikart
Nick Rose Award for Leadership in Economic Development

Private Sector

Dean Luikart

Former EDCUtah Board Chair and Regional Vice President, Wells Fargo

“In his quiet and unassuming way, Dean Luikart has worked effectively at both the macro and micro levels of the Utah economy for many years. He has provided keen insights to EDCUtah and other stakeholders on how they can most effectively expand business in our state. Through his community and ecclesiastical service, he has helped individuals on their personal path to economic stability. His consistent efforts have helped Utah grow one project and one person at a time.” —Spencer P. Eccles, Managing Director, Cynosure Group

Carlos Braceras
Thayne Robson Award for Leadership in Economic Development

Public Sector

Carlos Braceras

Executive Director, UDOT

“Carlos Braceras is a technology visionary with an engineer’s grasp of detail. Not only does he understand the nexus of transportation, internet, autonomous vehicles and other emerging technologies, but he can also tell you how many tons of concrete are needed for a given project down the street. We are lucky to have a person of his capabilities directing the state’s pathway to the future.” —Governor Gary R. Herbert