Fox File #3 "Catching the Vision"
The Fox Files is a weekly message from EDCUtah President & CEO Theresa Foxley
I wanted to share a story with you about one of our investors who has completely caught the vision of economic development in our State:
Our team is working on a sizable RFI to recruit a major operation into Utah. After combing through the RFI requirements, we quickly realized that one of our investors successfully runs a similar operation in Utah. To proactively respond to this RFI, we thought it would be impactful to share an anecdote from our investor on his company’s ability to attract and retain talent for this ~150 person division.
When we reached out to our investor with the request, we disclosed that the Project company operates in the same industry as our investor, and could even be a direct competitor. We further disclosed that if the Project company locates in Utah, the two companies might compete for a similar talent set. His response was so perfect, “Theresa, we are invested in EDCUtah because we believe that if the State is successful, our company will be successful. I’m happy to help.”
I loved that response because it is so illustrative of this community's "builders mentality" and long-term thinking. We are extraordinarily fortunate to have companies in our membership with that mindset -- but moreover and more importantly — who are a part of the fabric of this community.