A look at EDCUtah’s work to attract investment, support business growth, and create new economic opportunities across Utah.
2023/2024 Annual Report
Key performance indicators
134 New Projects
A total of 134 new corporate expansion and relocation projects entered EDCUtah's pipeline in FY 2024. EDCUtah defines a new project as a company interested in Utah and able to provide three of the following: number of jobs, capital investment, square footage, project timeline, and budget approval.
28 Project Wins
This year, 28 companies announced a final decision to relocate or expand in Utah. Thirty-eight percent of FY 2024's project wins were Utah companies that chose to expand or relocate within Utah rather than select an out-of-state site.
8,968 New or Retained Jobs
The 28 companies that chose Utah committed to create 8,874 new jobs and retain 84 existing jobs over the life of their projects. This represents new employment and job security for Utah residents.
$9.2B Capital Investment
Capital investment quantifies the total amount of money companies anticipate spending on Utah real estate and equipment over the life of their projects. The FY 2024 total was significantly increased by Tract's $7 billion capital investment announcement.
2.4M Square Footage Absorption
This metric tracks the projected real estate footprint of EDCUtah's project wins—how much physical space these newly relocated or newly expanded companies will ultimately absorb.
Companies that chose Utah for expansion, investment, and growth in FY 2024.
