2002-03 – Despite National Slowdown, EDCUtah Programs Held Strong (16 of 30)
The 2002-2003 fiscal year was the weakest of the previous eight in terms of corporate relocation announcements, with effects of 9/11 and the national recession playing a role. However, despite the economic downturn, EDCUtah aggressively continued efforts to assist companies with their site selection process. The organization's Corporate Recruitment and Existing Business teams stayed busy in spite of the recession, ensuring companies considering relocation knew what Utah had to offer. As a result of EDCUtah's continued efforts, 1,156 new jobs were added to state and the Existing Business team helped 46 Utah companies with their expansion and retention needs.
Another EDCUtah program that held strong despite the recession, was the organization’s Match Grant Program. This particular cycle, 12 Utah communities and non-profit organizations were awarded a total of $29,000. Established in 1990, the Match Grant Program is a statewide initiative designed to support specific economic development efforts of the public sector and non-profit organizations. By the 2002-03 fiscal year a total of 194 grants totaling $493,000 had been awarded, and 28 of Utah’s 29 counties had received a grant.
EDCUtah continues to offer Utah communities and other non-profit organizations grants through the program and has awarded more than $1 Million in grants over the history of the program. Grants are awarded in three categories. The first, marketing, is designed to help communities market themselves as attractive sites for growth and development. Mega Site grants help public sector members prepare and certify a Mega Site, while professional development grants are designed to enhance the professionalism and expertise of economic developers in Utah. Funds for the program are provided through EDCUtah’s annual Golf for Grants Tournament. This year’s tournament will be held on June 6th at Eaglewood Golf Course. For more information about how you can participate in this year’s tournament, contact Taylor Brightwell at email@example.com.