2022/2023 Annual Report

Key Performance Indicators


Net New Projects

This is the total number of projects that entered EDCUtah’s pipeline in FY 2023, defined as an interested company able to provide three of the following: number of jobs, capital investment, square footage, project timeline, and budget approval.


Project Wins

These projects resulted in a final decision to relocate or expand in Utah. Fifty percent of FY 2023's project wins were Utah companies who decided to expand or relocate within Utah rather than choose an out-of-state site.


New or Retained Jobs

The number of jobs that companies have committed to create—4,387—or retain—765—over the life of their projects. This is perhaps EDCUtah’s most important KPI because of what it represents: opportunities for Utah job seekers.

$12.2 B

Capital Investment

Often referred to as “capex,” capital investment quantifies the total amount of money that relocating or expanding companies have committed to investing in Utah real estate and equipment over the life of their projects. EDCUtah's FY 2023 capex forecast was $1.2 billion. A major announcement from Texas Instruments in February 2023 added $11 billion to our annual metrics, more than eight times the fiscal year forecast.

2.8 million sq. ft.

Square Footage

The aggregate total of real estate footprint of project wins—how much physical space these newly-relocated or newly-expanded companies will ultimately absorb.

Project Wins


Every year, EDCUtah invites members, stakeholders, and the public to nominate outstanding individuals and organizations for their leadership in economic development. These awards recognize Utah people and institutions who are making an incredible, tangible impact on our state - helping to bring jobs, investment, and prosperity to Utah communities.

Zions Bank

Larry H. & Gail Miller Cornerstone Award in Economic Development

This award recognizes an organization, association, or development that has merit far beyond its boundaries and that will have a profound and long-term positive impact on the state’s economy. This year’s award goes to an organization that played a pivotal role in EDCUtah’s founding and has continued to provide unwavering support to our mission.

"Since its founding in 1873, Zions Bank set out to serve the communities where it operates. It’s inspiring to look back over the past 150 years to see the tremendous impact they’ve had in enabling generations of Utahns to achieve their personal and business dreams. In addition, they have donated to countless community projects from education to the arts to economic development." - Governor Spencer Cox

The Price Family

Nick Rose Leadership Award in Economic Development

The Nick Rose Leadership Award celebrates private sector individuals who have demonstrated exceptional dedication to EDCUtah and economic development throughout the state. This award is presented by University of Utah President Taylor Randall.

"John, Marcia, Steve Price and family have had an outsized impact not only as real estate developers, but also as thought leaders and philanthropists working to create long-lasting prosperity for Utahns. They volunteer their time in a variety of leadership roles including service on the Board of Trustees of the University of Utah, EDCUtah, the World Trade Center Utah, and the Utah Olympic Winter Games Exploratory Committee. They also invest deeply and broadly in our communities through the John and Marcia Price Family Foundation. Whether it’s economic development, public works of art, refugee support, child and adult care services, or wherever there's a need - the Price family is there to help lift our community." - Taylor Randall President of University of Utah

Nick Duerksen

Thayne Robson Leadership in Economic Development Award

This award celebrates public sector individuals who have demonstrated exceptional dedication to EDCUtah and economic development in their positions within the state.

"Nick Duerksen served Sandy City for nearly 29 years in several key roles: 12 years as the economic development and redevelopment agency director, 15 years as the assistant community development director, and 2 years as the senior planner. In each of these positions, Nick helped shape Sandy City as a family-friendly community with a robust employer base and a diverse array of arts and recreation institutions." - Ryan Starks, executive director from Govnernor's Office of Economic Opportunity

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