2018-2019 Annual Report


Key Performance Indicators

153

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.

40

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.

10,450

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.

$1.02B

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.

2.5M

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
$50K
40 Jobs
Sandy

Moog Systems

Project Castle
$2.2M
120 Jobs
West Valley City

Sarcos Robotics

Project Tony
$2.4M
293 Jobs
Salt Lake City

Daily's Meats

Project Speck
$15M
35 Jobs
South Salt Lake

Cornerstone OnDemand

Project Mortarboard
$4.4M
355 Jobs
Sandy

WeWork

Project Finch 2
$20M
90 Jobs
Lehi

Lending Club

Project 2nd Site/Dujji
$17.8M
860 Jobs
Lehi

Essence

Project Evan
$3.1M
125 Jobs
Salt Lake City

Bullfrog Spas

Project Jetpack
$20M
400 Jobs
Herriman

Merit Medical Systems, Inc.

Project Megalopolis
$505M
2433 Jobs
South Jordan

USA Climbing

Project Stolb
12 Jobs
Salt Lake City

The Arbinger Institute

Project Mindset
$7.2M
250 Jobs
Farmington

Google, Inc.

Project Mars 2018
6 Jobs
Salt Lake City

Collective Health

Project Genie/Barkley
$3M
500 Jobs
Lehi

Amer Sports

Project Flagship
$32M
155 Jobs
Ogden

Oatly

Project AECH
$40M
50 Jobs
Ogden

SteriPax

Project Rosen
5 Jobs
North Salt Lake

Teem

Project Dream
$1M
250 Jobs
Salt Lake City

Ooda Health,Inc.

Project Ooda
60 Jobs
Salt Lake City

Quickbase

Projects Glenwild & Birthday Candles
200 and 485 Jobs
$713K
Salt Lake City

Allergy Research Group

Project Cake
$11M
100 Jobs
South Salt Lake

Olive & Cocoa

Project Seasonal
$12M
Salt Lake City

L3 Communications - Salt Lake City

Project Midtown
250 Jobs
Salt Lake City

National Bank Holdings

Project Common Sense
$1M
20 Jobs
Bountiful

Plaid

Project Platypus
120 Jobs
Salt Lake City

Ancestry.com

Project Muir 2
$10.5M
506 Jobs
Lehi

Elkay - West

Project Stainless
7 Jobs
Salt Lake City

Talkdesk

Project Chatter
45 Jobs
Lehi

E2 Optics

Project Server
50 Jobs
Eagle Mountain

financeit

Project Toolman
50 Jobs
Sandy

Infab Corp

Project Gamma
$8M
90 Jobs
Hildale

Tyson Foods

Project Mockingbird
$286M
1374 Jobs
Eagle Mountain

GOEX

Project Brewer
$15.5M
100 Jobs
Cedar City

Giro

Project Peter
6 Jobs
Park City

Ebeosi

Project Okafor
5 Jobs
Lehi

DPS Skis

Project Local Flavor
$500K
16 Jobs
Salt Lake City

Ventum

Project Big Willie Style
$1M
30 Jobs
Heber

DHL

Project Price
$3.1M
30 Jobs
Salt Lake City

Banjo

Project North Star
100 Jobs
Salt Lake City


Awards

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