President's Message
Results of CPPA's State of the State Survey
The Center for Public Policy and Administration (CPPA) at the University of Utah released results from a very interesting report last week. The information focuses on the results of a recent survey measuring Utahn's attitudes and opinions about issues facing the state. The survey was conducted by Dan Jones and Associates and included responses from roughly 1,000 Utahns.
One area of the study I found particularly interesting was the section on the state budget.
When Utahn's were asked about cutting state services and/or having taxes raised, respondents
said they were more willing to cut parks and recreation and public transportation funding
but were less willing to cut public education. In the area of tax increases, respondents showed
a willingness to raise taxes on cigarettes and user fees but not much of a willingness to raise property taxes.
The survey also showed that Utahn's overall are very concerned about the cost of health insurance.
While 86 percent of respondents had some form of health insurance, over 50 percent of those were concerned
about the prospect of decreased, or eliminated benefits. The results of the survey can be a useful tool in
regard to economic development policy as the trends of public opinion help shape the direction of business in Utah.
The report is available online here. I encourage you to read it.
Today's Economic Review also includes links to many of the ED-related news stories from the past week. As always, if you have comments, suggestions or topics you'd like to see in the Economic Review, please contact us by clicking the "Comments" link on the bottom of this page. Enjoy!

Jeff Edwards
President and CEO
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Feature
Utah: "The State of Sport"
On a Saturday afternoon in May 2007, some 5,000 spectators
gathered in breath-taking Monument Valley, Utah for the first of
two U.S. stops in the Red Bull Air Race World Series -- an
international race where the world's best pilots navigate aerial
courses at low altitude with speeds up to 250 mph while battling
gravitational forces that can reach 10Gs.
The event, which generated $28 million in economic impact for Utah
and over $10 million in media value promoting Utah, continues to
draw interest two years later as the race is re-broadcast on TV
stations across the world.
Another recent event, the 2008 Dew Tour, held in Salt Lake City
last summer, was the most successful Dew Tour event ever and
included the largest crowd to ever attend the four-day event in
the history of the tour. It generated approximately $13 million in
direct economic impact to Utah and $6 million in TV and
media/broadcast value to the state.
Bringing major sporting events like the Red Bull Air Race and Dew
Tour to Utah is the central objective for the Utah Sports
Commission, Utah's premier sports recruitment organization and
EDCUtah partner. In fact, the Commission has been integral in
working with its partners on over 300 sports events since its
inception in 2000, generating a total economic impact of
approximately $1.4 to 1.5 billion for the state and an estimated
media value of $70 million. The Commission assisted in 48 sporting
events in 2008 alone.
President & CEO Jeff Robbins says the Commission actively seeks
events that can leverage and utilize Utah's world-class
facilities, infrastructure, institutional sports and recreational
knowledge, volunteer database, sports industry, local sports
organizations and other core competencies has in its $6 billion
sports industry.
"If a key event is a fit for the state, we work with our partners
to find ways to leverage our resources and bring the event to
Utah," he adds.
The following table, which excludes the 2002 Olympics, lists a few
of the major events that Utah has hosted or will host, thanks in
part to the work of the Utah Sports Commission and its many
partners, with their corresponding economic impact and media
value:
| Event | Economic Impact |
Media Value |
| Utah Championship | $8.3M | $3.3M |
| XTERRA Winter World Championship |
$2.6M | $2M |
| XTERRA USA National Championship | $3.5M | $2M |
| Dew Tour | $22.7M | $5M |
| Red Bull Air Race$28M | $10M |
| Red Bull Rampage | $4.3M | $2M |
| Triple Crown Girls Fastpitch Softball World Series | $31.5M | NA |
| STIHL Timbersports Series | $4.1M | $1M |
| Monster Energy Supercross | $15.7M | $1M |
| Huntsman World Senior Games | $31.5M | NA |
| FIM World Superbike Championship | $27.8M | $4M |
| Golden Gloves Boxing | $6.1M | TBD |
| Primal Quest Utah | $9.5M | $5M |
| USA Jr. Olympic Girls Volleyball Championships | $61.2M | NA |
| Freestyle World Cups | $11.3M | $1M |
| Freestyle World Championship | $22.7M | $3M |
| World Cup Speedskating/Bobsled/Skeleton/Luge | $2-3M | $.5M |
| Youth Archery World Championship | $1.75M | $2M |
"In addition to the economic impact these events bring to Utah,
some of the events are televised nationally and/or internationally
and have millions of dollars in media value as well," says
Robbins. "The broadcasts not only showcase the events, but
highlight Utah communities, venues, scenery and culture. What's
more, several of the events have repeated broadcasts after the
event is over, which continues to brand Utah as a player in the
global sports marketplace."
Being a player in the global sports marketplace is one of the
Commission's central objectives and it is working hard to brand
Utah as "The State of Sport".
"With Utah's world-class venues, infrastructure and diverse
landscape and climate, the state the ability to host almost any
sporting event," Robbins says. "We have been branding Utah as an
adventure/action sports state, which has been reinforced by the
numerous action/adventure sporting events that Utah has hosted or
will host in the future. With Utah's youthful population, this a
natural message to send out."
Utah is also home to two national governing bodies of sport, the
United States Ski & Snowboarding Association (U.S.S.A.) and United
States Speedskating (U.S.S.). Thus, the U.S. teams all train at
the Utah Olympic Oval, Utah Olympic Park and the ski resorts. Many
of the athletes involved have moved to Utah. Furthermore, Utah's
Olympic venues also hold training sessions for international teams
throughout the year.
In addition to its own branding and recruitment efforts, the Utah
Sports Commission operates a grant program that has provided $6.5
million to 175 sports events since 2000. The program is designed
to assist organizations in attracting and retaining sport
opportunities in Utah. Applying organizations must demonstrate
that the grant award is a key component to the bidding on, hosting
of, or the overall success of the event. Events considered for
grant funding include amateur and professional athletic events or
other sports-related activities that further the mission and meet
the charter of the Utah Sports Commission, as recommended by the
Grant Program Committee and approved by the Executive Committee
after a thorough review process.
How the Utah Sports Commission Came to Be
In 1998 the Utah Department of Community and
Economic Development (DCED), after months of researching the
future of sports in Utah, began studying the merits of creating an
umbrella sports marketing organization to help promote, attract
and develop sports similar to what many other states (over 42 at
the time) had done. Leaders from the DCED visited Lake Placid, New
York and spent six months researching and consulting with over 30
sports commissions, such as the Indiana Sports Corporation, which
was generating $175 to $200 million per year for the state through
sporting events. The DCED's efforts led to the creation of a
sports exploratory group, which later recommended that a sports
commission should be formed if Utah was to leverage the 2002
Olympics and position Utah in the sports marketplace. In January
2000, the group announced its intent to form a sports commission.
The Utah Sports Commission currently has six full-time employees
on staff. President & CEO Jeff Robbins has a lengthy resume of
service within the state. He is Chairman of Kirilenko's Kids
Foundation and serves on the boards of the Utah Tourism Office,
Olympic Parks of Utah, Economic Development Corporation of Utah
and Intermountain Health Care's The Orthopedic Specialty Hospital.
He has served on the boards of the PGA TOUR Nationwide Utah
Championship golf event, the Jimmy Shea Foundation and was
co-chair of the Moscow-Utah Youth Games, the summer and winter
multi-sport competition held between Moscow, Russia and the State
of Utah, where he represented Utah's governor. Robbins also served
on the Board of the Governor's 2002 Olympic Hosting Organization,
which coordinated many of former Governor Mike Leavitt's key
initiatives during the 2002 Olympic Winter Games, as well as
serving on Governor Jon Huntsman's transition team in 2004.
Before joining the Utah Sports Commission in 2000, Robbins was
director of Olympic relations and sports development for Utah and
worked in the executive office of Novell, Inc. He has also held
marketing and strategic relations positions with WordPerfect
Corporation and Utah Power.
Robbins obtained a bachelors degree from the University of Utah
and an MBA degree from the University of Phoenix. While at the
University of Utah he competed nationally and internationally in
tennis and is the youngest member to be inducted in the State of
Utah Tennis Hall of Fame.
Robbin's Team at the Utah Sports Commission:
- Stephen Rich, vice president of operations
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Mike Deaver, vice president of development
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Laura Shaw, director of marketing
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Chase Robbins, projects
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Mike Smith, tournament director, Nationwide Utah Championship
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Jason Badell, Sales Account Manager, Salt Lake CVB
In addition to the staff, the Utah Sports Commission is also
assisted by local, state and "TEAM UTAH" partners. |
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In The News
Economic Development Headlines from the Past Week
It's Lights, Camera ... Action Sports
-
Salt Lake City -- Those who watched the AST Dew Tour action
sports stop here last fall on television probably noticed the
same slogan on every start ramp and barrier wall: Utah, the
State of Sport. It was a symbol nearly seven years in the
making. Through their experience in planning for and hosting the
2002 Winter Olympics, officials in Utah discovered that sports
featuring individuals -- particularly those involving daring
feats -- were a potential gold mine. Utah has worked since the
Salt Lake Games to become a hub for action sports and other
contests, an effort that continues during the recession. (New
York Times)
Chinalco to invest $19.5 billion in Rio Tinto
-
The Aluminum Corp. of China agreed to invest $19.5 billion in
the mining group Rio Tinto on Thursday in the country's largest
purchase overseas, taking advantage of lower valuations to
guarantee access to iron-ore resources. Under the deal, the
company, known as Chinalco, will buy $7.2 billion worth of bonds
convertible into Rio Tinto stock and pay $12.3 billion in cash
for stakes in Rio Tinto's aluminum, iron ore and copper assets
in the United States, Australia and Chile. Rio Tinto owns
Kennecott Utah Copper. (Deseret
News)
Economist optimistic about Utah
-
Utah is seeing obvious economic troubles because of the national
recession, but a couple of state economic officials believe Utah
is weathering the storm better than most other states and is
positioned to prosper when it passes. (Morning
News)
(SL
Tribune)
Killpack's bill would give more authority to Falcon Hill entity
-
As a large-scale commercial development on the west side of Hill Air Force Base gets under way, state legislation is moving forward outlining how it will function within a complex framework of federal, state and local government authority.
(Standard-Examiner)
Utah road planners OK $190M project list
-
The Utah Transportation Commission on Thursday
approved a $190 million list of projects that could quickly tap
federal stimulus dollars once Congress passes -- and President
Barack Obama signs -- a funding package. (SL
Tribune)
Chamber of Commerce forms coalition to stimulate Utah's
economy
-
The Salt Lake Chamber of Commerce is forming a "Can-do
Coalition" of business leaders, lawmakers and local government
officials to stimulate Utah's economy. Chris Redgrave, Chair of
the Chamber's Board of governors, says they're asking the
legislature to implement specific initiatives. (KCPW)
(Utah
Business Magazine)
Coalition will help local economic development
-
Priming Davis County for economic development by offering
resources will be the role a new coalition plays for cities. The
Davis Unified Development and Economic Strategy coalition will
hold its first meeting at noon, March 3, at Farmington City
Hall, 130 N. Main. (Standard-Examiner)
(Clipper
Today)
$800,000 in projects planned for Davis County
- The Community
Development Block Grant program, which is designed to serve needs of low-income
residents in communities around the nation, has long been a source of
much-needed cash for Davis County's cities and social-service organizations. As
long as CDBG funding comes through like it did in 2008, Davis County could pass
about $800,000 to cities and organizations that requested the federal funds. (Deseret
News)
Kaysville business to supply U.S. Air Force
-
Good vibrations are allowing a Top of Utah business to thrive
globally. Kaysville-based Ensign Global Solutions announced this
week one of its new technologies has been approved for
"off-the-shelf" purchase by the Air Force's Air Combat Command,
the unit responsible for maintenance on the HH-60 combat search
and rescue helicopter. (Standard-Examiner)
Bennett proposes bill to aid St. George airport
-
Utah Sen. Bob Bennett has introduced legislation that would
allow the city of St. George to sell land at its present airport
to help finance a replacement facility. To date, St. George is
financing $44 million of the planned $168 million airport --
scheduled to open in January 2011 -- by selling 274 acres at the
existing airport to Anderson Development Services Inc. (SL
Tribune)
Road stimulus would create 6,000 jobs in Utah
-
With Congress about to finalize a massive economic stimulus
package, Transportation Secretary Ray LaHood huddled Wednesday
with state transportation chiefs, imploring them to use the
influx of federal cash for its intended purpose. (SL
Tribune)
CALENDAR
Feb. 18: EDCUtah Board Meeting (Hilton City Center)
Mar. 12: EDCUtah Quarterly Investor Update (Juan Diego
Catholic School) from 4 p.m. – 6 p.m.
Mar. 24-26:
JEC Composites Show (Paris, France)
Mar. 30: Governor's
3rd Annual Utah Economic Summit (Grand America Hotel, Salt
Lake City)
Apr. 15-17:
Utah League of Cities and Towns Midyear Conference (Dixie
Center, St. George)
Apr. 26-28: CoreNet (Dallas, TX)
Apr. 29-May1: SME (San Diego, CA)
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