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FEATURE

Golf for Grants Tourney a Swinging Success!

Thirty-nine teams totaling 139 golfers played the links at Wasatch Mountain State Park Lake Course in Midway last Wednesday, in EDCUtah’s Golf for Grants Tournament, which raised $25,000 for its Match Grant Program.

The tournament’s top finishers were, 1st Place: Big D Construction; 2nd Place: Utah Sports Commission; 3rd Place: Concierge Relocation--a subsidiary of Prudential Utah Real Estate. Every golfer came away a winner, nonetheless, each receiving approximately $150 worth of prizes, a continental breakfast, and hand-cut steaks for lunch.

Art Franks, EDCUtah’s director of special projects, says the Match Grant Program has become an important economic development tool, and the money raised from the golf tournament will help extend the program to other projects that would not have been funded or might only be partially funded. Match Grant applications total approximately $80,000 to $90,000 each year, but EDCUtah’s budget only covers about $45,000 of that amount. With the funds raised from the tournament, EDCUtah expects to have about $70,000 available this year.

“We are really grateful to our sponsors. The tournament could not have been a success without them,” says Franks. “They were active both financially and physically in supporting the tournament.” Five sponsors had staff members at their respective holes, where they provided participants with refreshments and opportunities to compete for additional prizes. Another 13 individuals helped with registration and organization.

Golf for Grants Sponsors

Platinum

Commerce CRG/Bill Martin

Gold

Select Health/Sid Paulson
Price Realty Group/Steve Price
Big D Construction/Rob Moore

Silver

Industrial Supply
Freeport West
Concierge Renovators
Workers Compensation Fund
Boyer Construction
SOS Staffing Service
CBRE
Chase Bank
Onyx Construction
VSpring Capital
Qwest
Kennecott Land
Zions Bank
Rocky Mountain Power

Franks says he expects the tournament to be even bigger next year: “It is our intent that the Golf for Grants tournament will help us fund twice as many projects as in years past,” he says. Since its inception, the Match Grants program has awarded more than $606,597 to communities as they work to become stronger resources for economic development at the grassroots level. EDCUtah offers three types of grants:

Marketing Match Grant – provides matching funds for economic development initiatives, such as development of direct marketing materials, website development, research projects that are directly applicable to recruitment strategies, and work related to potential SURE Sites properties, including the completion of environmental and geo-technical studies, infrastructure assessments and other preparatory analysis.

Sponsorship Match Grant – provides matching funds for specific economic development events. Selections are based upon the quality of the event, how well the event addresses an economic need in the community, and the audience. Special consideration is given to projects that provide an interface among economic development partners.

Professional Development Assistance Match Grant – provides matching funding to economic developers in their efforts to enhance their professionalism and expertise. Applicants must have one year of experience in economic development, as well as experience in the communities they are representing, before participating. Applicants may apply for one training opportunity per year.

Franks says the grants can be used any number of ways, as long as they fit within the guidelines for each of the grant types.

Public organizations that wish to apply for grants should contact Sherrie Martell at 801-328-8824 or smartell@edcutah.org.

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Ogden a High Adventure Mecca

 The New York Times says Ogden, with a booming outdoor recreation economy, may be poised to become "the high adventure Mecca of the country."

"The city is poised to be 'the high adventure Mecca of the country,' said Mayor Matthew Godfrey, 36, over a chopped salad at Rooster's Brewing Company on Historic 25th Street.

"To achieve that, he is recruiting recreation companies to move to town. One such company is Goode Ski Technologies, a manufacturer of carbon fiber water and snow skis and ski poles, formerly based in Waterford, Mich."

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EDCUTAH PARTNERS

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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. If you prefer not to receive this newsletter, please use the link below. Subscribe or Unsubscribe Your comments and suggestions regarding this newsletter are always welcome. Click here: Comments

Women in Business Survey

EDCUtah has agreed to collaborate with a survey targeted to women who own or lead businesses. The survey is designed to learn more about the experience of Utah women who are growing a business and seeking financing.

The study is being conducted by a group of local women business leaders who are exploring the creation of an equity fund focused on growth stage companies owned by women. Their vision is to build a bridge between the vast potential of women’s commerce and equity investing.

The survey should take less than ten minutes to complete and results will be shared with our membership and the press. EDCUtah would appreciate your cooperation with this important research activity.

To participate please click here to open the survey form. Responses will be collected through Friday, July 20th. If you have any questions about the survey, or would like a copy of the results, please contact Fraser Nelson at (801) 918-4216 or at fraser@frasernelson.net.

Thank you for your participation.

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IN THE NEWS

Economic Development Headlines

Deseret Book Headquarters to Relocate in Downtown SLC

- Desert Book will move its corporate headquarters from the soon-to-be-razed ZCMI Center in downtown Salt Lake City to 57 W. South Temple, occupying the upper floors of a structure that also houses Utah Woolen Mills.  (SL Enterprise)

New Plant for Colosimo's Ramps Up Production Capabilities

- Colosimo's Sausage is ramping up production at its new meat manufacturing facility in West Jordan that will see the firm being capable of producing 200,000 to 300,000 pounds of sausage per month. (SL Enterprise)

IM Flash Plant in Lehi is Only Site in the World Dedicated Solely to NAND Flash Memory

-  IM Flash has emerged ahead of schedule as a major industry player, recently surpassing leading vendors Samsung and Toshiba with the smallest flash memory device on the market. (SL Enterprise)

Outdoors Is the Way Up in Ogden, Utah

- WEDGED between old stockyards and a boarded-up packing plant on the western edge of town, the kayak park is not easy to find. But it is just the kind of thing that draws outdoor enthusiasts to Ogden, Utah. (NY Times)

Mount Holly Club Decision in Judge's Hands

- Fifth District Judge John J. Walton will ponder the legality of a development agreement for a posh private mountain club proposed for the Tushar Mountains. (SL Tribune)

Salomon Megaplex Open

- With the snip of a ribbon, city officials and dignitaries on Friday officially celebrated the grand opening of the Salomon Center and Megaplex 13 theaters at The Junction development downtown. (Standard Examiner)

Paiutes Work to Attract Businesses

- Members of the Paiute Indian Tribe of Utah, including those belonging to the five individual bands - Cedar, Indian Peaks, Kanosh, Koosharem and Shivwits - are at a crossroads. (The Spectrum)

Outdoor Retailer to Stay Another Year in Salt Lake

- An annual trade show that pumps tens of millions of dollars into Salt Lake's economy has promised to stay for another year. (Morning News) (KCPW) (SL Tribune)

Rotarians Heap On Praise for Salt Lake Event

- As host city, Salt Lake City met and then surpassed the expectations of the 17,000 Rotarians attending the global gathering of the 98th Rotary International Convention. (Morning News) (KCPW) (SL Tribune)

Utah Experiences IPO Surge

- Utah is seeing an upswing this year in the number of companies that want to sell shares to the public for the first time. (SL Tribune)

Davis Developers Tout Projects to Chamber

- Three developers spoke to the Davis County Chamber of Commerce on Thursday, each touting a new "village" they are designing in the county.(Standard Examiner)

Economic Development Committee Makes Recommendations to Enable Growth

- The Economic Development Committee was one of the topical committees that met and contributed recommendations to Cedar City’s General Plan update. (Cedar City Review)

Conventions Expand S.L. Economy

- Salt Lake County resident Jeff Okumura helped convince the Japanese-American National Bowling Association to hold its 2007 annual meeting in Salt Lake, resulting in the booking of 1,200 hotel rooms.
(SL Tribune)

Barnes Expanding in Ogden

- Barnes Aerospace plans to grow in Utah, doubling the size of its Ogden facility, the company announced Tuesday. Barnes said its new, 120,000-square-foot facility will be in the Business Depot Ogden Industrial Park. (Morning News) (Standard Examiner) (SL Tribune)

Delegation From Provo's Sister-City in China Visits

- Provo is looking to give local businesses international opportunities, and they're doing it in par, by hosting a delegation from Nanning, China. (Daily Herald)

Fashion Place is Expanding

- Fashion Place mall in Murray will add 230,000 square feet of space as part of a three-year, multimillion-dollar makeover, its parent company announced Tuesday. (Morning News) (Daily Herald)

Davis County Officials Seek to Steer Future Growth to a Happy Balance

- Sandwiched between the Great Salt Lake and the Wasatch Mountains - has the smallest land mass of the state's 29 counties. Yet now it ranks as the third most populous. (SL Tribune)

State is Trying to Lure PVC Pipe Firm to Utah

- State officials have offered a Houston-based pipe company $2.8 million in tax rebates if it will build a manufacturing plant in Cedar City that would create 98 new full-time jobs. (Morning News)

Mall to be Part of Renewal Plan

- For several months, the once-thriving Cottonwood Mall has languished, appearing to survive on some type of life support as most of its 100 storefronts have gone dark. The mall's two major anchors, Macy's and JC Penney, remain open but foot traffic has fallen off considerably. (SL Tribune)

Downtown Ogden Taking Off

- The two blocks formerly occupied by the Ogden City Mall have been empty for more than half of this decade, except for dust and dirt. Now, in place of the dust of its predecessor, The Junction promises to be a boon for the city, Ogden leaders say. (Morning News) 

Davis County, State Employment Rate Strong

- Davis County's nonfarm jobs increased by 4.2 percent over the last year. According to the Utah Department of Workforce, Davis County had 101,800 jobs a year ago, compared to the current 106,110 jobs. (Clipper Today)

State Revenue Projections Higher than Anticipated

- Utah’s Revenue Estimating Committee projected that General and Education fund revenue for the current budget year - fiscal year 2007 - will likely come in $160 million to $260 million higher than previously anticipated. (Utah Business Magazine)

Governor’s Office of Economic Development Executive Board Announces New Chairman

- The Governor’s Office of Economic Development announced Ragula Bhaskar, the president and CEO of FatPipe Networks, as the new Chairman of the GOED Development Board. (Utah Business Magazine)