Fox File #90: FY2019 in Review

EDCUtah’s fiscal year closed on June 30, 2019, and it was a productive one by all measures.

With a busy month of June, EDCUtah business development managers pushed our active projects for the fiscal year to a total of 153, exactly the same record number as in FY2018.

In the Projects Won category, the number rose from 35 to 39. Tech projects remained strong with Plaid, Cornerstone OnDemand, and LendingClub as recent expansion success stories. Some significant manufacturing wins include Tyson Fresh Meats in Eagle Mountain, InFab in Hildale, and Merit Medical in South Jordan.

We’re still finalizing job, capital investment, and square footage figures, but all three categories were strong.

Some other highlights:

  • Our Global Strategy & Outreach (GS&O) efforts started in 2014 and has fully hit its stride. Based on targeted, in-market campaigns, GS&O has matured into a consistent, cost-effective, project-generating process for our organization.
  • Two experienced professionals with EDCUtah roots “returned home” to lead initiatives. Alan Rindlisbacher aka “EDCUtah employee #1” now manages our community outreach efforts, and at last count, has hit 19 of 29 counties in his travels.
  • Chris Roybal, former EDCUtah CEO, was tapped by Weber and Davis Counties to direct the exciting new regional economic effort, with EDCUtah’s support.
  • Our Research Team, in collaboration with the Salt Lake City Department of Economic Development, published “The Arts in Utah” economic profile, to better let us articulate our quality-of-life story. This was one of hundreds of research requests ably handled by our team.
  • In terms of special projects, under the direction of Stephanie Frohman, we’ve strengthened our administrative and member support processes, to better track our projects and communicate to our stakeholders.
  • EDCUtah and partners hosted the Site Selectors Guild annual conference in March. When site selectors experience Utah, they tend to bring more project opportunities our way, so this effort will pay dividends in years to come. EDCUtah’s marketing team helped orchestrate this event. We were happy that a retired Mike O’Malley helped us execute this event and has since decided to join EDCUtah full time.

Overall, FY2019 was a big year for our organization. EDCUtah worked on several incredible projects, had marquee successes, and prepared for the future of economic development in Utah. Certainly, the most rewarding thing for me is always working alongside our great team. We have such a talented group of people working at EDCUtah today and as part of our bigger team through this movement of EDCUtah 3.0 with all of our investors and stakeholders. It’s truly remarkable and an absolutely honor to be involved!

In coming weeks, we’ll publish our Strategic Recruiting Plan for FY2020. We invite you to read this document and determine how you can be involved in our program over the next year. We look forward to working with you to build a better Utah.

 

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EDCUtah Mon, 07/08/2019 - 13:36