March 6, 2008

 

A Publication of the Economic Development Corporation of Utah

FEATURE

Jeff Edwards Named Non-Profit CEO
of the Year by Utah Business Magazine


CEO Jeff EdwardsA respected leader in the economic development community, EDCUtah CEO Jeff Edwards has endeared himself to his staff and we?re all proud he is being honored as Non-Profit CEO of the Year by Utah Business Magazine. Indeed, he is loved by all who have experienced his knowledge, wisdom and good nature.

Utah Business Magazine is the source of the following text:

 Though his real passion is chemistry, Jeff Edwards, CEO of EDCUtah, has found his niche in bringing business to Utah. Since joining EDCUtah in 2001, Edwards has helped Utah welcome many notable businesses, including KraftMaid, Fusion Technologies and Conestoga Wood Specialties. Working with government and private sector leaders, Edwards has also helped establish Utah as one of the hottest places for businesses relocation.

One of Edwards? most successful accomplishments was securing Procter & Gamble?s move to the state finalized last year. ?That was a wonderful project and a classic example of what excellent partnership can do,? he says. ?Many didn?t think that we could do it, but my job was to say, ?We can do this. We can make it happen.? Once everybody got on board, we did what had to be done and it worked.? As Procter & Gamble readies to move into Box Elder County in 2010, the area is looking forward to the creation of at least 300 new jobs, with wages expected to be more than 200 percent of the Box Elder County median.

Long before joining EDCUtah, Edwards worked as a high school teacher in Utah, teaching chemistry, a job that he says has helped him in his current position as CEO. ?Teaching was very rewarding, but as I started my family, I realized that I couldn?t make it on a teacher?s salary. But, perhaps being a teacher is part of what has helped me in my position as I had to take principles and change them into something that others can understand, which is fundamental to my job now,? he says.

As EDCUtah CEO, Edwards says building and maintaining partnerships is central to his success in recruiting new companies. ?Everybody?s got to work together,? he says. ?We have to have a remarkable level of cooperation. We are really built on partnerships. We?ve enjoyed support from local businesses, rural and urban cities and all different kinds of companies. Almost all operations have seen the value in helping Utah?s economy.?

Beyond establishing partnerships, Edwards says that one of his strategies is building strong employees. ?I believe in having teams and empowering them. We have some very high quality people here, and I?ve found that the best way to manage is to give them autonomy and things will move forward,? he says. ?I also think that diversity is important. We?ve got bankers, real estate experts, mechanics ? all different flavors of people. It?s served us well. Different businesses from outside the state will look at us and see how different we are, but that we can all work together.

?We all have the same goal,? he continues. ?We want to create quality jobs. We work together to send the message that Utah is a good place to do business.?


CALENDAR

Mar. 19: Executive Committee (EDCUtah)
Mar. 20: Governor's Economic Summit (Grand America)
Mar. 26: Quarterly Update

April 1-3: JEC (Paris)

April 14-16: SME (Salt Lake City)
April 16: Executive Committee (EDCUtah)

May 4-7: CoreNet (San Diego)
May 18-21: ICSC (Las Vegas)
May 18-22: SAMPE (Long Beach)
May 21: Board

June 4: Golf Tournament (Wasatch Mountain)
June 9-12: AUVSI (San Diego)
June 17-20: BIO (San Diego)
June 18: Executive Committee (EDCUtah)
June 25: Quarterly Update (Thanksgiving Pointe)

Aug. 6: OIA Thought Leader

Sept. 13-17: IAMC (Oklahoma)
Sept. 25: What's Goin' Down Up North - Northern Utah Economic Summit Thursday, September 25, 9 a.m. - 3 p.m. Utah State University Innovation Campus, North Logan. Registration form.

Oct. 9-12: CoreNet (Orlando)
Oct. 22: Quarterly Update

Dec. 17: Holiday Open House (EDCUtah)


EDCUTAH INVESTORS

Current Investors
Why Be an Investor?
Board of Trustees

 

IN THE NEWS

Economic Development Headlines from the Past Week

Page Brake to build 62,000 square foot facility on west side

- Page Brake Co. is relocating its headquarters and warehouse operations to a new 62,000 square foot facility in the west side of the Salt Lake Valley in order to meet the changing demographics of the heavy vehicle industry in Utah. (SL Enterprise)

Angel' groups cautiously optimistic about investing in start-ups this year

- Angel group leaders expressed optimism about the climate for investments in early-stage businesses in 2008 despite recent news about the slowdown of the U.S. economy... (SL Enterprise)

Chase to consolidate Utah HQ operations at One Utah Center

- Chase, one of the nation's leading financial institutions, is relocating its Utah headquarters to approximately 30,000 square feet at 201 S. Main St. in downtown Salt Lake City, bringing most of its operations into a single location. (SL Enterprise)

New Utah online store sells baby products based on bamboo

- BabyBam Collection is a new company and online store based out of Springville that offers a line of children's clothing made from bamboo fabric.
(SL Enterprise)

Work stops on $100M Orem project

- The flagging economy and mortgage slump has hit Orem's Midtown Village hard ? so hard that construction has stopped, bills are piling up and luxury condos are sitting empty. (Morning News)

Priming Hill?s Economic Pump

- The project -- Hill's West Side Development Enhanced Use Lease Project -- which the Standard-Examiner has addressed in dozens of news articles and editorials over the past couple of years, could be the largest single economic development venture in our region since the build-up of Hill and ATK (Thiokol).  (Standard-Examiner)

BDO Top Spot

- The Hershey Company's recent decision to open a 540,000 square-foot candy distribution facility in Business Depot Ogden demonstrates the industrial park's sweet success despite fears of an impending recession, says a BDO official. (Standard Examiner)

Moab hammering out big-box restrictions

- Not everybody in Moab wants to imagine a Wal-Mart along the scenic banks of the Colorado River. (SL Tribune)

U. of U. is No. 2 school in U.S. for spawning startup companies

- The University of Utah leads the nation in spinning off companies and commercializing university-generated technologies and other intellectual property... (SL Tribune) (Morning News)

Utah business leaders are wary

- Worried about gasoline prices, employee health-insurance costs and a tight labor pool, Utah business leaders in a recent poll expressed muted optimism about their companies' futures. (Morning News)

Zions center is approved by Planning Commission

- With the recent blessing of the city Planning Commission, construction on the 10-story Zions Financial Center at 200 N. University Ave. is likely to start within the next two months. (Morning News)

220 jobs coming to Utah

- Northrop Grumman and the maker of Airbus planes beat out Boeing Co. to win a $35 billion government contract to build up to 179 military refueling planes, the Air Force said Friday. (Morning News)

Utah County sees increase in tourism

- Utah Valley tourism officials are riding a wave of increased interest in Utah County. (Morning News)

Lawmakers: Program may attract Toyota

- Lawmakers hope to both improve student learning and attract a Toyota manufacturing plant to Utah by spending millions to better educate students and their families learning English. (SL Tribune)

Chamber Expo unites businesses

-  Governor Jon Huntsman Jr. explained it this way in his 2008 Economic Report. ?Utah?s economy is the strongest in the nation. We?ve experienced several record highs..." (Clipper Today

50-plus Davis firms sign up for expo

-  More than 50 Davis County businesses and organizations have reserved exhibitor space at the first Davis Business 2 Business Expo, a tally that both surprises and pleases the event's organizers.
(Morning News) (Standard Examiner)

Rural business meeting set for March 25-26

-  The seventh annual Rural Business Conference will take place March 25-26 at the Carbon County Event Center in Price. (Morning News)

BusinessWeek Ranks BYU Undergraduate Business Seventh in Nation

-  Brigham Young University's undergraduate business programs rank seventh overall and first among recruiters according to BusinessWeek magazine's comprehensive ranking of U.S. undergraduate business programs. (Utah Business Magazine)

House Bill May Help Small Businesses

-  House Bill 53 is on its way to help small businesses comply with state-issued administrative rules. (Utah Business Magazine)