2010-11 - EDCUtah Busy in an Economic Recovery (24 of 30)
Despite economic indicators being shaky on a national scale, Utah’s economy showed signs of recovery during the 2010-11 fiscal year. EDCUtah maintained a record number of projects and brought 20 new companies to Utah representing over 8,000 new and retained jobs. EDCUtah ended the busy year with a total of five new headquarters, 125 site visits, and 181 open projects. Three of EDCUtah’s targeted industries were represented among the companies relocating or expanding to Utah: Outdoor Products, Information Technology, and Aerospace. Major wins for Utah in these industries included Black Diamond Products, Adobe, and Boeing respectively.
Following a merger with Gregory Mountain Products, Black Diamond Products announced plans for expansion of its headquarters in Holladay, Utah. “Black Diamond’s presence in Utah for the past 20 years has always meant a great deal to the strength of the outdoor industry in our State. This further cements Black Diamond’s commitment to Utah and is a new milestone for its business,” said Jeff Edwards, then president & CEO of EDCUtah.
Adobe, following its acquisition of Utah founded company, Omniture, also announced plans for a major expansion in Lehi. “Primarily because of the talent, also because of the proximity to our headquarters in California and also, to a large extent, the incentive program that the GOED team put together for us and the governor,” said Mark Garrett, then CFO of Adobe.
Both companies (Black Diamond Products and Adobe) announced in recent years their intentions to continue calling Utah home, with further plans for expansion in the State.
Boeing also opened a new assembly line in West Jordan, Utah, in June of 2011. The new line would produce vertical fins for the Boeing 787 Dreamliner. At the time of the expansion Boeing already employed 740 Utahns, and added another 104 to run the new assembly line. “Today, this announcement here at Boeing is just another indicator that Utah is on the right road going in the right direction," Governor Gary Herbert said at the unveiling event.
EDCUtah continues to focus efforts on targeted industries for which Utah has a competitive advantage. Currently, EDCUtah focuses on eight industries in its recruiting efforts; Aerospace & Defense, Advanced Materials, Financial Services, Headquarters & Shared Services, Information Technology, Life Sciences, Manufacturing & Distribution, and Outdoor Products.