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Feb. 28, 2008 |
A Publication of the Economic Development Corporation of Utah |
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FEATURERegister Now to Attend the 2nd Annual Governor's Utah Economic Summit
State of Utah EconomyDr. Kelly Matthews, an economist and executive vice president for Wells Fargo,
will provide attendees with an in depth review and perspective on the ?State of
the Utah Economy.? Dr. Matthews is responsible for national, regional, local and
agricultural economics for Wells Fargo's Intermountain Region (Utah, Idaho and
Wyoming). He is also an adjunct professor of finance at the University of Utah
and president of the Utah Council on Economic Education. Dr. Matthews serves on
the Utah Governor's Council of Economic Advisors and several of the governor's
task forces. Keynote AddressSandy K. Baruah, assistant secretary of commerce for economic development, U.S.
Department of Commerce, will give the Summit's
Governor to SpeakGovernor Jon Huntsman is slated to address Summit attendees prior to lunch. The
theme of his speech is: ?Managing the Growth.? A highly respected diplomat and
businessman, Gov. Huntsman began his public service career as a White House
staff assistant to President Ronald Reagan and has included senior appointments
in the Commerce Department and the State Department, as well as service as
Deputy United States Trade Representative. He has twice been unanimously
confirmed by the Senate as a U.S. Ambassador. Insider's PerspectiveThe 2nd Annual Governor's Economic Summit is designed to provide attendees with
an insider's perspective on the state's economy and a first-hand look at ways to
maintain the momentum. Five educational tracks will provide attendees with a
choice of 20 different breakout sessions where local experts will moderate
discussions related to:
With the lineup of high-powered speakers and educational breakout sessions
packed with information, this is a rare opportunity to rub elbows with hundreds
of the state's top business and economic minds in a ?can't miss? event. Professional Education CreditsSummit attendees may qualify for continuing education credits as required to
maintain state required certifications. Earned credits will be administered by
Salt Lake Community College. |
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CALENDAR
Mar. 19: Executive Committee (EDCUtah)
April 14-16: SME (Salt Lake City)
May 4-7: CoreNet (San Diego)
June 4: Golf Tournament (Wasatch Mountain) |
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keynote address. Baruah
(pronounced Bah-roo-ah) was nominated by President George W. Bush on September
6, 2005 to serve as the assistant secretary of commerce for economic
development. He has served the Bush Administration since 2001. Prior to his
nomination and confirmation as the assistant secretary, he served as the deputy
assistant secretary for program operations and chief of staff at the Economic
Development Administration (EDA).
IN THE NEWSEconomic Development Headlines from the Past WeekColombian trade pact could aid Utah exports- A top Colombian trade official is in Utah to garner support for a free-trade agreement between the South American country and the U.S. During a visit Tuesday with the Deseret Morning News editorial board, Eduardo Munoz, Colombian vice minister of foreign trade, said that if Congress endorses the U.S.-Colombia Trade Promotion Agreement, Utah exporters stand to benefit. (Morning News) (SL Tribune) Provo commits funds to Zions building- The city and other taxing entities are committing $3.2 million in property tax rebates to add another office building to the city's downtown skyline. The Municipal Council, acting as the city's Redevelopment Agency Board, unanimously voted Tuesday to approve an agreement with 200 North Investors and Block 29 Developers, who are building the Zions Bank Financial Center at 200 North and University Avenue. (SL Tribune) P.G. creates advisory board for downtown plans- After a two-hour emotional discussion at a Pleasant Grove City Council meeting on Tuesday, council members established a downtown advisory board. The board's purpose is to review the city's Downtown 2020 Action Plan, which would allow mixed uses in the historic downtown area. Residents are worried the plan would open the door to a 10-story building. (Daily Herald) (Morning News) Once Immune, Utah Is Feeling Economic Dip- In the economic boom that thundered through Utah over the last few years, many people saw a kind of perfect chemistry at work. What demographers call Utah's special story ? its population is the youngest in the nation by far and one of the fastest growing, mainly from large Mormon families ? was paying off, melding with a surging engine of growth in Utah's backyard and throughout the world. (New York Times) ATK Adds its Local Presence- Faster than a
speeding bullet, Alliant Techsystems Inc., continues to grow in the Top of Utah,
its newest addition an ammunition systems headquarters in Clearfield.The move to
offices at 938 University Park Blvd. brings 15 senior executive jobs to the
area, adding to the 5,600 employees the company already employs here, officials
said. (Standard
Examiner) Officials fear loss in tourism funds for Davis County- Davis County officials fear that a state legislative bill currently directed at Salt Lake County may eventually wind up hurting funding for tourism in Davis County. SB 218, sponsored by Sen. Wayne Niederhauser, of Salt Lake City, removes the 1 percent tourism tax on restaurants, and replaces it with a .07 general sales tax. If approved, a .07 tax would be levied in Salt Lake County on everything from shampoo to cars. Niederhauser has said he crafted the bill to take the politics out of distributing Salt Lake County's Tourism, Recreation, Cultural and Convention tax funds. (Clipper Today) Funding for TRAX Expansion to Airport Up in the Air- At one point Friday afternoon, it looked as if Salt Lake City would be able to use $35 million in airport funding to extend light rail to the airport. But by the end of the night, this seemed doubtful. In fact, the larger five-line light-rail proposal for the entire region is now up in the air. (KCPW) Economic Development Director Says Oil Shale Mining Needed In Uintah County- Utah is said to be the Saudi Arabia of oil shale and tar sands. The problem is how to get it out of the ground. Many are calling Utah's Uintah County the most energy rich county in the Lower 48. The area holds the majority of the nation's tar sands, and it's estimated the county's shale deposits contain 2 to 3 trillion barrels of oil. While environmentalists have objected to the potential damage caused by the strip mining of tar sands and shale deposits, proponents cite the economic potential. (KCPW) Provo hopes to improve downtown- Saturday morning,
the Provo City Redevelopment Agency invited business owners, residents and
Brigham Young University students to meet with a consulting team from Salt Lake
in the first of four workshops at the Provo City Library at Academy Square to
create a strategy to revitalize downtown. Hershey plans Ogden center- The world's
biggest candy company has found a state financial incentive scrumptious enough
to put a distribution center in Ogden. Pennsylvania-based Hershey Co. said
Thursday that the facility in Business Depot Ogden will be its Western
distribution center and have more than 100 full-time jobs. The announcement came
four months after the state awarded the company a tax-rebate incentive of up to
$2.6 million.
(Morning
News) (Utah
Business Magazine) Conventioneers, tourists bring $1B to S.L. County- The benefit of an expanded Salt Palace was evident in 2007 in the strong visitation numbers released Thursday by the Salt Lake Convention & Visitors Bureau (CVB). Because the Salt Palace Convention Center was large enough to handle 21,000 delegates, CVB President Scott Beck noted his organization could step into the breach and stage a Rotary International convention dislodged from its scheduled stop in New Orleans. (SL Tribune) Keep ?Em Coming- More and more travelers are discovering what Utah has to offer while residents are also taking advantage of opportunities in their own backyard, travel and tourism experts said. Industry leaders met to discuss the status of the sector at Utah Business magazine's annual travel and tourism roundtable Tuesday. (Utah Business Magazine) 2008 Utah Legislature Overwhelmingly Passes Utah Fund of Funds $200 Million Expansion- The Utah Fund of Funds (Utah FoF), a major economic development program created by the Utah Legislature to provide the state's entrepreneurs with access to a broad array of quality funding sources, has announced that recent legislation, Senate Bill 11, Substitute I, has expanded the program by $200 million ? from $100 million to $300 million.(Utah Business Magazine) (Morning News) (SL Tribune) More details emerge about downtown City Creek project- The latest details of City Creek Center in Downtown Salt Lake City were evealed at a meeting of the Salt Lake City Rotary Club last week by Mark Gibbons, president of City Creek Reserve Inc. (SL Enterprise) Adam Aircraft: Despite setback, many are upbeat- Utah's efforts to develop a cluster of aerospace businesses in the Ogden area have suffered a setback with Adam Aircraft Industries' Chapter 7 bankruptcy filing. Yet state and community economic development officials believe the future remains bright for the aerospace industry in Weber County. (SL Tribune) WSU Receives $72,000 in Scholarship Funds for Nontraditional Students- Weber State
University has received $72,000 in Daniels Opportunity Scholarship funding to
provide need-based scholarships to students this year. |
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