t h e e c o n o m i c d e v e l o p m e n t c o r p o r a t i o n o f u t a h 1 salt lake city ed...

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T H E E C O N O M I C D E V E L O P M E N T C O R P O R A T I O N O F U T A H 1 Salt Lake City ED Night October 21, 2008

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Page 1: T H E E C O N O M I C D E V E L O P M E N T C O R P O R A T I O N O F U T A H 1 Salt Lake City ED Night October 21, 2008

T H E E C O N O M I C D E V E L O P M E N T C O R P O R A T I O N O F U T A H 1

Salt Lake City ED NightOctober 21, 2008

Page 2: T H E E C O N O M I C D E V E L O P M E N T C O R P O R A T I O N O F U T A H 1 Salt Lake City ED Night October 21, 2008

T H E E C O N O M I C D E V E L O P M E N T C O R P O R A T I O N O F U T A H 2 T H E E C O N O M I C D E V E L O P M E N T C O R P O R A T I O N O F U T A H 2

Mission

To serve as a catalyst for quality job

growth and increased capital

investment by assisting in-state

companies to grow and recruiting

out-of-state companies to expand

and relocate in Utah.

Page 3: T H E E C O N O M I C D E V E L O P M E N T C O R P O R A T I O N O F U T A H 1 Salt Lake City ED Night October 21, 2008

T H E E C O N O M I C D E V E L O P M E N T C O R P O R A T I O N O F U T A H 3

History

• Public-private, nonprofit partnership• In business since 1987• Statewide representation• State, local and private investors• 250+ members• 17 full-time staff, 2 consultants• $2.5M annual budget• Project handling, research,

economic development consultation, site preparation, promotions and public relations.

Page 4: T H E E C O N O M I C D E V E L O P M E N T C O R P O R A T I O N O F U T A H 1 Salt Lake City ED Night October 21, 2008

EDCUtah Services

• Corporate recruitment project management• Client handling• Economic data gathering and presentation• Site visit preparation and execution• Relationship facilitation• Tax incentive consultation• Real estate tracking and cataloging• Community outreach• Economic development training• Marketing and promotions

T H E E C O N O M I C D E V E L O P M E N T C O R P O R A T I O N O F U T A H 4

Page 5: T H E E C O N O M I C D E V E L O P M E N T C O R P O R A T I O N O F U T A H 1 Salt Lake City ED Night October 21, 2008

T H E E C O N O M I C D E V E L O P M E N T C O R P O R A T I O N O F U T A H 5

Recruitment ResultsLast Three Years

• Jobs Created / Retained 17,573/ 2,452• Square footage 8,473,804• Headquarters 18• Capital Investment $5.7B• Site Visits 394

• Total Open Projects 248

Page 6: T H E E C O N O M I C D E V E L O P M E N T C O R P O R A T I O N O F U T A H 1 Salt Lake City ED Night October 21, 2008

Salt Lake City Project Success Last Three Years

• Cephalon, Inc.– 550 jobs– $118M capital investment

• Children’s Miracle Network– 155 jobs– $7M capital investment

• Interline Brands, Inc.– 50 jobs

• Sephora USA– 500 jobs– $19.5M capital investment

• Goldman Sachs– 350 jobs– $20M capital investment

• Million Air Salt Lake International– 100 jobs– $5M capital investment

• Young Electric Sign Company– 160 jobs– $5M capital investment

• Air Liquide– 43 jobs– $21M capital investment

T H E E C O N O M I C D E V E L O P M E N T C O R P O R A T I O N O F U T A H 6

• Hunter Douglas– 250 jobs– $17M capital investment

• Clear Link Technologies– 85 jobs

• Varian Medical Systems– 100 jobs– $15M capital investment

• Arch Aluminum & Glass Company– 90 jobs– $8M capital investment

• Yellow Freight– 250 jobs– $9M capital investment

• Silicon Valley Bank– 300 jobs

• American Distribution Centers– 85 jobs– $9M capital investment

• Avalanche Software/Fall Line Studios– 565 jobs– $15M capital investment

Page 7: T H E E C O N O M I C D E V E L O P M E N T C O R P O R A T I O N O F U T A H 1 Salt Lake City ED Night October 21, 2008

Local Business Support

T H E E C O N O M I C D E V E L O P M E N T C O R P O R A T I O N O F U T A H 7

• Expansion and retention assistance– Cradle-to-grave project support

• Tax incentive options– State and local policies

• Economic data and information– Demographic, economic and market data

• Real estate options– SURE Sites

• Networking– Public and private sector support

Page 8: T H E E C O N O M I C D E V E L O P M E N T C O R P O R A T I O N O F U T A H 1 Salt Lake City ED Night October 21, 2008

Questions?

Page 9: T H E E C O N O M I C D E V E L O P M E N T C O R P O R A T I O N O F U T A H 1 Salt Lake City ED Night October 21, 2008

T H E E C O N O M I C D E V E L O P M E N T C O R P O R A T I O N O F U T A H 9