BDO features more than 6.5 million square feet of
industrial and office space, including over 1.5 million square feet added by The
Boyer Company since 2000, and another 400 acres where "the dirt could be turned
tomorrow," says Waldrip. The site is essentially shovel-ready, with water,
sewer, power, rail access (available to 25% of the facility) and truck dock.
Furthermore, BDO is located within one mile of I-15 and within an easy commute
to the Ogden-Hinckley Airport and Salt Lake International
Airport.IN THE NEWS
Economic Development Headlines
N. Ogden Wants Commercial Growth
- The city wants to have more commercial growth to relieve the tax burden on its property owners. The City Council and Planning Commission directed the staff to make a comprehensive plan to recruit commercial growth and to do it fast. (Standard Examiner)
Firms to Maintain Utah Hiring Spree
- Utah's economy keeps motoring along, and employers apparently aren't ready to even tap the brakes. A new study conducted by employment services company Manpower Inc. indicates that 40 percent of surveyed Utah companies plan to add employees to their work forces during the third quarter of July through September. (Morning News)
U. Business Dean Sets Talk on USTAR Initiative
- Jack Brittain, dean of the David Eccles Business School and vice president for technology venture development at the University of Utah, will discuss the USTAR initiative at Thursday's MountainWest Capital Network monthly luncheon. (Morning News)
U. Business Dean Says Researcher Collaboration is Key to USTAR
- The Utah Science, Technology and Research initiative has the governor's signature, initial funding from the Legislature and already has begun recruiting research stars. But the biggest challenge for USTAR - a government, education and business partnership that aims to bring $4.9 billion in new research funding and more than 123,000 high-tech jobs into Utah over the next 30 years - could be winning over the more staid minds of academics. (SL Tribune)
Unmanned Vehicle Industry Could Hit $5B in Utah
- The Governor's Office of Economic Development (GOED) expects Utah businesses engaged in the development of autonomous systems to reap military contracts of as much as $5 billion in the coming decade. GOED's Marshall Wright, Director of Business Development for Economic Clusters, says the money will come as the U.S. military transforms its fleet. (KCPW)
Sandy Pitches Stadium Plan
- Eager to kick-start Real Salt Lake's sputtering push for a soccer stadium, Sandy is rolling out a funding scheme of its own. Trouble is, it still could be a nonstarter with Salt Lake County number crunchers. (SL Tribune) (Morning News here and here)
NPS Pharmaceuticals Plans to Remain in SLC; Will Cut Jobs
- NPS Pharmaceuticals has not taken, nor does it plan any formal action to move its corporate headquarters out of Salt Lake City. But nor does the company's four-week-old CEO, N. Anthony Coles, anticipate moving from NPS offices in Parsippany, N.J. The East Coast also is home, after recent appointments, to five of the company's other eight senior executives. (SL Tribune) (Morning News)
Utah Job Growth Booming
- Looking for a job? Take your
pick. From engineers and computer system designers to teachers and accountants,
new jobs in Utah are springing up everywhere. With roughly 51,700 new jobs
created in the state in the 12 months ended May 31, there are more jobs than can
be filled, according to a report released Tuesday by the Utah Department of
Workforce Services.
(Morning News) (SL Tribune)
(Standard Examiner) (KCPW) (Utah Business Magazine)
History Repeats Itself With Modern Effects
- A new opportunity arrived on
the tracks of progress this past Thursday. Port 15 Utah celebrated a grand
opening-style event with speakers, guests, food and a "re-driving of the Golden
Spike," signifying the reconnecting of Utah to the world.
(Cedar City Review)
Funds for West-Bench Plan
- The Salt Lake County Council gave the OK Tuesday night to spend nearly a half-million dollars to plan for a massive project that could bring new homes for 500,000 people to the Salt Lake Valley in the next 75 years. (Morning News)
Boom Time for Utah, Davis Economies?
- Utah's economy is booming and
Davis County is right in the middle of it. The assessment, offered by Senior
Economist for the Utah Department of Workforce Services Mark Knold Tuesday, is
based on continued employment growth and an unemployment rate that registered
just 3.5 percent in May.
(Clipper Today)
Utah Tries to Lure Plant
- Tooele County could become the
site of a $300 million specialty metals plant with 150 jobs, but Utah is facing
competition to land the facility. The Governor's Office of Economic Development
Board on Friday approved a $3.25 million tax-rebate incentive to get
Pittsburgh-based Allegheny Technologies Inc. to put the plant in Tooele County.
If the plant ends up in Utah, the average job would pay more than $45,000, or
more than twice the county median.
(Morning News) (SL Tribune)
Uranium Mining May Restart
- Utah soon may find itself in the midst of another uranium mining boom. Spurred by record prices for the radioactive metal, International Uranium Corp. of Vancouver said this week it intends to begin reopening its mines in the western United States, including its Henry Mountain property west of Blanding in southeastern Utah. (SL Tribune)
Business Growth Robust in Some Utah Counties
- Adding 189 jobs countywide in one year might not sound like an economic boom. But in Wayne County, it represented an annual job growth rate of 44.5 percent. That's according to the 2004 County Business Patterns report released Thursday by the U.S. Census Bureau. The county-by-county report measured growth from 2003 to 2004, the most recent data available from the agency. (SL Tribune)
Ogden Resort Development a Steep Climb
- Chris Peterson remembers standing high on a ladder in a new ski lodge. Balancing a glass chandelier in his arms, he would teeter for long minutes as his father-in-law and boss, Earl Holding, agonized over the number of links in the chain. (SL Tribune)
Alpine Air Express Has Been Awarded Contracts Worth More Than $25 Million
- Provo-based Alpine Air, an operating subsidiary of Alpine Air Express, has been awarded new contracts for the regional air transportation of U.S. Postal Service mail for the states of Montana and South Dakota. The contracts have an initial three-year term with three additional one-year extension options. The total three-year contract is estimated to generate more than 25 million dollars in gross revenue to the company. (Utah Business Magazine)
Salt Lake Industrial Real Estate Market Sees Remarkable Drop in Vacancy
- NAI Utah Commercial Real Estate
has reported a 32 percent reduction in available industrial square footage over
the past 12 months in Salt Lake county. The vacancy rate, which is the
percentage of all available units that are unoccupied or not leased at a given
time, is currently at a 10-year low. (Utah Business Magazine)
CALENDAR
June 23: GOED Tech@Breakfast
7:30 a.m. - 9:00 a.m., Wells Fargo Building 23rd Floor (Click here for more information/registration)
June 23: Non-Profit Organization Volunteer Fair at the Gateway
Aug.
9: EDCUTAH Annual Meeting
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