2017-2018 Annual Report


Key Performance Indicators

35

Project Wins

Those projects that resulted in a final decision to relocate or expand in Utah. Thirty-five wins represents a win rate of about 23%, right around EDCUtah's average.

153

Net New Projects

The total number of projects that entered EDCUtah’s pipeline in 2017-18. A “project” is defined as an interested company able to provide 3 of the following: number of jobs, capital investment, square footage, project timeline, and budget approval. This year’s number is a new state record—almost 20 more than last year.

$1.7B

Capital Investments

Often referred to as “CapEx,” capital investment quantifies the total amount of money that relocating or expanding companies have committed to investing in Utah real estate and equipment over the life of their projects.

11,558

New or Retained Jobs

The number of jobs that companies have committed to create (9,827) or retain (1,731) over the life of their projects. This is perhaps EDCUtah’s most important KPI because of what it represents—opportunities for Utah job seekers.

3.2M

Square Footage

The total real estate footprint represented by project wins—how much physical space these newly-relocated or newly-expanded companies will ultimately absorb.


Project Wins

During 2017-18, 35 companies announced their intentions to grow or expand in Utah. This diverse set of project wins occured in a variety of communities, both urban and rural, and represented most of Utah’s target industries, including aerospace, life sciences, outdoor products, tech, finance, and manufacturing.

Adobe

Project 502
$90M
1,260 Jobs
Lehi

Form Fit

Project Tarheels
30 Jobs
Clearfield

Earnest

Project Meyer
$5.6M
500 Jobs

AvidXchange

Project Cottonwood
$3.5M
258 Jobs
Sandy

Pluralsight

Project Odyssey
$320M
2,464 Jobs
Draper

Stryker

Project Homer
$100M
540 Jobs
Salt Lake City

Carta

Project Giants
$5.7M
464 Jobs
Salt Lake City

Snap, Inc.

Project Deer
$1.5M
50 Jobs
Lehi

TaskEasy

Project Evergreen
$6.5M
191 Jobs
Salt Lake City

Symantec

Project Tuxedo
525 Jobs
Draper

Shape Security

Project Raven
10 Jobs
Salt Lake City

RuRoc

Project Buckets
4 Jobs
Ogden

Destroyer

Project Milo
9 Jobs
Park City

Zennify

Project Payette
30 Jobs
Salt Lake City

Alpla

Project Hapsburg
$12M
150 Jobs
Salt Lake City

PepsiCo

Project Chester
$30M
25 Jobs
West Valley City

Parker Hannifin

Project 737
$6.7M
77 Jobs
Ogden

Autonomous Solutions

Project WALLE
275 Jobs
Logan

Dyno Nobel

Project Dynamite
$1.2M
20 Jobs
Cottonwood Heights

Eltel Technologistics/
4Cast

Project Jewel
100 Jobs

Matia Robotics

Project Lift
$0.5M
50 Jobs
Salt Lake City

PolarityTE

Project Hopkins
$50M
1,015 Jobs
Salt Lake City

Borsight

Project Hercules 2018
$6.3M
95 Jobs
Ogden

a2b Fulfillment

Project Rush Hour
$840k
75 Jobs
Ogden

Centrify

Project Seahawk
$4.5M
200 Jobs
Murray

Marcus by Goldman Sachs

Project Seth 2017
$6M
700 Jobs
Draper

East Penn Manufacturing

Project Flyers
$2M
60 Jobs
Salt Lake City

Aligned Energy

Project Divergent
$250M
30 Jobs
West Jordan

PCC Structurals

Project Howitzer
50 Jobs
West Haven

PillPack

Project Pop
200 Jobs
Salt Lake City

CSS Corp

Project Cindy
300 Jobs
Draper

Clarus Corp (Black Diamond)

Project Campfire
$15M
558 Jobs

Facebook

Project Steeplechase
$750M
50 Jobs
Eagle Mountain

PowerBlanket

Project Heart Warmer
$3M
130 Jobs
Salt Lake City

GoHealth

Project Bandaid
$900k
363 Jobs
Lindon


Awards

Every year, EDCUtah invites members, stakeholders, and the public to nominate outstanding Utahans for their leadership in economic development. Our two awards—the Nick Rose Award, for private sector leaders, and the Thayne Robson Award, for public sector leaders—recognize individuals who are making an incredible, tangible impact on our state, helping to bring jobs, investment, and prosperity to Utah communities.

Scott Anderson
Nick Rose Award for Leadership in Economic Development

Private Sector

A. Scott Anderson

“No one can argue with the fact that Scott Anderson is one of the biggest champions for the state of Utah. His support for numerous economic development, civic, charitable, and educational organizations is constant and tireless. Scott is a natural ambassador for Utah, representing the state and its people wherever he goes. His impact will be felt far into the future, and I will be forever grateful for his contributions.” —Gail Miller

Jerold G. Oldroyd
Thayne Robson Award for Leadership in Economic Development

Public Sector

Jerold G. Oldroyd

“Jerry Oldroyd’s hard work and commitment to economic development, through his service on the GOED Board, is a tremendous asset to the state of Utah. The proof is in many of our most important economic development wins, which occurred throughout his tenure as both the GOED Incentives Committee Chair and Board Chair. Beyond the GOED Board Room, Jerry has been a dedicated mentor to individuals in economic development all over the state. He’s helped to foster a close and incredibly-effective working relationship between EDCUtah and GOED—an accomplishment that will have a significant and lasting impact on our Utah communities for years to come.” —Governor Gary Herbert