edcUTAH June 23, 2009
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Economic Review
Jeff Edwards, president & CEO of EDCUtahPresident's Message
2010 Census Fast Approaching

Every 10 years the Census Bureau counts the number of people in the United States and gathers demographic information about our society. The 2010 Census will be here soon and it is an important tool that can affect Utah in many ways, including sales tax distribution, federal funding, redistricting of city, county and state legislative seats, and the apportionment of Congress.

The Census Bureau encourages cities to form Complete Count Committees (CCC) to support the census count and conduct outreach and awareness for their communities. I urge you to get involved with the CCC in your community, or help take steps to form one. Many aspects of economic development are affected by the results of the Census and I would hate to see our state penalized in any way.

I would also like to draw your attention to this week’s feature story about EDCUtah’s SURE Sites program. You will learn what a great tool this is for economic development in Utah and about many of the recent enhancements we have made. Sherrie Martell, EDCUtah’s certified sites manager, has done an amazing job spearheading this project and is your best resource for SURE Sites in Utah. She can be reached by e-mail at smartell@edcutah.org or (801) 328-8839.

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

Jeff Edwards
President and CEO

In the News

Microsoft opening software development office in Lehi
Microsoft, one of the computer industry's dominant players, is opening a software development office at Thanksgiving Park, a proposed five-building office park near Thanksgiving Point in Lehi, company officials announced Wednesday. (Daily Herald) (Business Week)

Salt Lake Community College ranks 4th in U.S. for associate degrees
Salt Lake Community College finds itself in a whole new realm as it reached a fourth-place ranking among the country's associate degree-granting institutions. (Deseret News)

Provo-Orem Ranked High in Economic Study
"Want to escape the recession? Try cities in Texas or Oklahoma -- and avoid those in Florida or California." That's the conclusion of a new Brookings Institution study. It finds that five of the top 10 metro areas likely to emerge from the slump first are in Texas and two are in adjoining Oklahoma. (Christian Science Monitor)

Wind farm developers eye northeastern utah
SALT LAKE CITY - A closely held company is snapping up rights to thousands of acres of private land for a wind farm near Manila in northeastern Utah, promising royalties to the local ranchers. (Forbes)

Zions Bancorp: Utah institution is a financial force in the Western U.S.
Most Utahns are familiar with Zions First National Bank, if only because they've driven by one of its 103 branch offices in the state. Yet far fewer are aware of the reach and influence of Zions Bancorp, the parent company of Zions First National and seven other banks operating from California to Colorado and from Washington to Texas. (Salt Lake Tribune)

Air Force taps USU to work on bio jet fuel
With assistance from Utah State University, the U.S. Air Force is ramping up its efforts to develop jet fuel from an unusual source -- algae. (Herald Journal)

Zions wins SBA lender award
The Small Business Administration has given its latest First Mortgage Lender of the Year award to Zions Bank. (Salt Lake Tribune)

Parks boost business in Utah
SALT LAKE CITY - Visitors to national parks such as Arches and Canyonlands pump millions of dollars into local economies and provide a steadying influence in tumultuous times, according to an analysis released recently. (Durango Herald)

Utah gets $15M from stimulus plan
The Obama administration released on Thursday another $15 million from economic stimulus funds for weatherization assistance programs in Utah. (Deseret News) (Salt Lake Tribune)

Sundance Film Festival contributed $92 million to Utah economy this year
The festival also created 2,000 jobs. The recession's impacts were not reflected in the performance of the Sundance Film Festival, which earlier this year generated $92.1 million for the state's economy. (Salt Lake Tribune) (Deseret News)

Kanab gets $100,000 for entrepreneurs
The Kanab Chamber of Commerce has received a $100,000 grant from the Governor's Office of Economic Development (GOED) to support efforts to develop local entrepreneurs. (Salt Lake Tribune)

Clean energy development in Utah predicted brief
Utah is poised to promote significant growth in its clean-energy economy according to Lori Grange, interim deputy director of the Pew Center on the States. The state already has begun capitalizing on its advantages. (Park Record)

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The EDCUTAH Economic Review is a weekly publication of the Economic Development Corporation of Utah. It is distributed to EDCUTAH partners and selected other government and civic organizations interested in Utah's economic development.

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Feature Story
SURE Sites Application Now Includes Google Maps

EDCUtah's popular SURE Sites database continues to grow in both functionality and size. Today there are 136 certified sites listings, with 42 more in process. Now, with a new user interface and the addition of Google Maps, the Web-based application has taken on a whole new level of sophistication.

Background
Not familiar with SURE Sites? SURE (Select Utah Real Estate) Sites are buildings or land sites that have received a detailed level of due diligence and screening against a predetermined set of criteria. EDCUtah created the database in 2006 in partnership with the Governor's Office of Economic Development and Rocky Mountain Power. As the state's only qualified site location program, it is designed to meet the needs of relocating and expanding businesses. The database includes some of the best site location opportunities in Utah along with critical information necessary to make sound real estate decisions.

EDCUtah worked with both site selectors and real estate executives to identify the type of information they wanted and the kinds of questions they typically ask. Today SURE Sites is a one-stop-shop for all of their site selection needs. In addition to providing numerical data, SURE Site properties are linked to interactive maps that display geographic information such as the locations of streets, highways, freeways, cities, counties, bodies of water, rivers, railroads, points of interest, major educational facilities and parks. All of the maps are completely interactive and the information displayed is determined by the user.

Screen shot of the SURE Sites Web application
The picture above is a screen shot of SURE Sites listing all sites in Utah with rail access.

New Functionality
"Everything you can do with Google Maps you can do in the new SURE Sites program," says Sherrie Martell, certified sites manager for EDCUtah, who administers the SURE Sites database. "As before, users can search for land, office or industrial space, and filter by distance to the interstate, rail access, and/or county, but now they can display street, satellite or terrain views of a site." Better yet, she adds, by installing the Google Earth plug-in, a user can conduct a street-level, virtual site visit--all from the Internet.

Martell says the new SURE Sites database is "so much more versatile than before," and from a project standpoint, will help site selectors and corporate real estate executives make even quicker relocation or expansion decisions.

"SURE Sites has proven to be effective resource for site selectors and real estate agents," adds Michael Flynn, vice president of public development for EDCUtah. "Now, with the new interface, the program puts us even further ahead in the due diligence process and gives us the ability to quickly showcase properties, with greater detail, from across the entire state."

Page Views
Interest and use of SURE Sites continues to grow as well. Two of the most recent sites added to the database include the Miller Motorsports Business Park in Tooele County, and the Novell Technology Park in Utah County. The Web application is averaging 2,500 page views per month, with a total of 30,689 page views for the fiscal year (July 2008 through June 2009). SURE Site locations receiving the most page views include:

  • Lynndyl Industrial Property -- Millard County
  • Heber City Industrial Property -- Wasatch County
  • Business Depot Ogden -- Weber County
  • Daybreak Commerce Park -- South Jordan -- Salt Lake County
  • Anderson -- Geneva Property -- Vineyard, Utah County
  • Beaver Industrial Park -- Beaver County
  • Landmark -- Salt Lake City -- Salt Lake County
  • Garland Industrial Park -- Box Elder County
  • First Park Mountain View -- Salt Lake City, Salt Lake County
  • Wesport Distribution Center Phase II & III -- Salt Lake City -- Salt Lake County

Leveling the Playing Field
While some listings receive more page views than others, SURE Sites provides the opportunity for users to view available sites across the entire state. "It really levels the playing field," says EDCUtah President and CEO Jeff Edwards. "SURE Sites is especially beneficial for developments in rural Utah locations, where site features might be optimal but the resources to advertise are limited. SURE Sites is free to use by anyone, EDCUtah investor or not."

The qualification process requires property stakeholders to answer questions related to infrastructure, quality of life, local economy and costs, and submit that data to EDCUtah via SURE Sites. A login ID and password are required to add a property listing to the database. For more information contact Martell by calling (801) 328-8839 or e-mailing smartell@edcutah.org.

In addition to its usefulness as a due diligence tool for site selectors, corporate real estate executives and other users, SURE Sites is also used extensively by EDCUtah. "We research and submit SURE Sites on every project that comes through our door," says Flynn. "So far this year we have submitted 200 SURE sites to projects we are working on, 48 of which have resulted in site visits."

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