EDCUTAH's Annual Meeting Slated

Steve Forbes Guest Speaker

The Economic Development Corporation of Utah will host its annual meeting Wednesday, August 30 at 8:00 a.m. in the Radisson Hotel - Wasatch Ballroom, 215 West South Temple, Steve Forbes

Salt Lake City.

In addition to the nomination and election of the Board and Executive Committee, a report on the activities of the corporation will be presented. The highlight of the meeting will certainly be special guest speaker Steve Forbes, president and CEO of Forbes, Inc. and editor in chief of Forbes Magazine.

An influential pro-growth advocate and lauded economic forecaster, Steve Forbes is one of the most highly respected businessmen of our time. In his speech, Forbes will address the power and importance of the flat tax and its impact upon economic development.

Tickets to this event are $25 for EDCUTAH investors and $30 for non-investors. Tickets must be purchased in advance. Interested parties should contact Trina Stanley, 801-323-4251, by Aug. 25. Email: tstanley@edcutah.org.

Forbes is a widely respected economic prognosticator and the only writer to have won the highly prestigious Crystal Owl Award four times. The prize was formerly given by U.S. Steel Corporation to the financial journalist whose economic forecasts for the coming year proved most accurate. He is the author of the recently published Flat Tax Revolution: Using a Postcard to Abolish the IRS (Regnery, 2005), and also wrote A New Birth of Freedom (Regnery, 1999), heralded as a book of bold ideas for the new millennium.

In 1996 and 2000 Forbes campaigned for the Republican nomination for the Presidency. Key to his platform were a flat tax, medical savings accounts, a new Social Security system for working Americans, parental choice of schools for their children, term limits and a strong national defense—an agenda which he continues to energetically promote today.

In 1985, President Reagan named Forbes chairman of the bi-partisan Board for International Broadcasting (BIB). In this position, he oversaw the operation of Radio Free Europe and Radio Liberty. Broadcasting behind the Iron Curtain, Radio Free Europe and Radio Liberty were praised by Poland's Lech Walesa as being critical to the struggle against communism. Forbes was reappointed to his post by President George H. W. Bush and served until 1993.

Steve Forbes was born on July 18, 1947, in Morristown, New Jersey. He graduated cum laude in 1966 from Brooks School in North Andover, Massachusetts. He received a B.A. in history from Princeton in 1970. At Princeton, he was the founding editor of Business Today, which became the country's largest magazine published by students for students, with a circulation of 200,000. The magazine continues to be published today by Princeton undergraduates.

EDCUTAH PARTNERS

IN THE NEWS

Economic Development Headlines

Davis Job Growth Still Sizzling

- Job growth in Davis County over the past year continues at a sizzling pace, nearly equaling that of the state average — and far exceeding that of neighboring Morgan and Weber counties, which make up the North Region. (Clipper Today)

State Awards Incentives to Dannon, Pipe Firm

- More than $9.2 million in incentives were approved Thursday by the Governor's Office of Economic Development Board to lure one business to Utah and help another expand. Meeting in Cedar City, the board offered Charlotte Pipe and Foundry $875,000 in tax rebates to start operations in an industrial park in this southwestern Utah city. (SL Tribune here and here) (Morning News) (Spectrum)

State Sweetens Incentives

- The growing popularity of yogurt and other cultured dairy products will bring more jobs to West Jordan. A representative of Dannon Co., the U.S. subsidiary of French company Groupe Danone, said Thursday that the company will expand its existing West Jordan plant, adding about 100 jobs by mid-2008. (Morning News)

Clearfield Ponders a Mini-Gateway

- Clearfield City is taking steps to bring an all-in-one retail, office and residential development to its boundaries. Think The Gateway. Only Chihuahua-sized. (SL Tribune)

Utah 4th 'Best for Business'

- We're No 4! Forbes magazine released its first-ever rankings of "The Best States for Business," in which Utah placed fourth behind Virginia, Texas and North Carolina. (Morning News) (KCPW) (Utah Business Magazine)

Author Sees Utah as Top Innovator

- The Beehive State has the growth and the key industries to put top businesses on track to earning $1 billion in revenues annually, David G. Thomson, author of the recent book "Blueprint to a Billion," said Thursday. (Morning News) (SL Tribune) (Utah Business Magazine)

Utah's Winning Weekend Shows Gold in Recreation

- Real Madrid scored goals at the University of Utah's Rice-Eccles Stadium. Real Salt Lake scored even bigger, breaking ground for its new soccer stadium in Sandy. The Salt Lake Convention & Visitors Bureau determined 75,000 out-of-town guests were in the capital city over the weekend. "There was incredible energy downtown," said its president, Scott Beck. (SL Tribune)

Utah Job Growth Hits Peak

- Employment growth in Utah appears to have peaked and is expected to grow at a slower rate over the next few months, according to monthly data from the Department of Workforce Services. (Daily Herald) (SL Tribune) (Morning News) (Standard Examiner) (Utah Business Magazine)

2 Firms to Make Movies in Utah

- Two companies announced Tuesday that they will partner to produce films not only shot in Utah, but also designed to be popular with Utahns. (Morning News) (Daily Herald) (SL Tribune) (Utah Business Magazine)

Plenty of Space to Go Around

- An estimated 200,000 square feet of shops and restaurants may one day dot the landscape around the Macey’s currently under construction in Providence. (Herald Journal)

Shoppers Flock to The Meadows

- If Saturday afternoon shopping is any indication of a growing trend, the parking lots of The Meadows in American Fork show the new development is a hit. (Morning News)

Fed Loan Expedites Building UTOPIA

- Six small Utah cities, from Payson in the south to Tremonton in the north, are about to get pushed to the top of the UTOPIA fiber-optic network's construction schedule. The UTOPIA system, short for the Utah Telecommunications Open Infrastructure Agency, has received a $66 million commitment from a new U.S. Department of Agriculture loan program designed to help small communities build up their telecommunications infrastructure. (SL Tribune)

Utah Wave to Last Three Years

- According to a new report issued by the Bureau of Economic and Business Research at the University of Utah, the Beehive State is about to see its commercial construction sector boom. (KCPW)

Trade Seminar Aims to Help Local Businesses

- An upcoming seminar on international trade, sponsored by the Bear River Association of Governments, could be a boon to local businesses interested in expanding to foreign markets. (Herald Journal)

University of Utah Receives $13 Million Gift for Business School

- A $13.25 million donation from a former student will allow the University of Utah’s David Eccles School of Business to expand its programs to create the largest entrepreneur center in the United States. (Utah Business Magazine)

Utah's Universities Ranked in Best Colleges List

- Brigham Young University, the University of Utah, Weber State University and Westminster College all appear in the latest issue of U.S. News & World Report/America’s Best Colleges. (Utah Business Magazine)

Flying J Announces Strategic Pipeline Purchase

- Flying J Inc., an Ogden-based integrated oil company, has purchased 100 percent of the ownership interests in Longhorn Pipeline Holdings LLC, a Houston, Texas, corporation and owner of the Longhorn pipeline system. (Utah Business Magazine)

Higher Education Officials Announce a Blueprint to Prepare UVSC for University Status

- The Utah System of Higher Education and leaders at Utah Valley State College (UVSC) have agreed on a collaborative blueprint for the growth of UVSC.

(Utah Business Magazine)

CALENDAR

Aug. 23:

Ribbon cutting for the Roy W. and Elizabeth E. Simmons Entrepreneurship Building, 1:30 p.m. at the Davis Applied Technology Center

Aug. 30:

EDCUTAH Annual Meeting (Radisson Hotel - Wasatch Ballroom, 215 West South Temple, Salt Lake City). Registration begins at 7:30 a.m. Please RSVP to Trina Stanley by August 25: tstanley@edcutah.org or call (801)328-8824.

Sept. 13-15:

Utah League of Cities and Towns (Salt Lake City)

Nov. 12-15:

CoreNet Global Summit (Orlando, FL.)

PRESIDENT'S

MESSAGE

EDCUTAH Will Hold its Annual Meeting; Guest Speaker Steve Forbes

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