President's Message
Utah in the National News
This past week Utah received some great national publicity. First,
Utah was ranked #1 in a "Best States to Live In" report released
by Gallup/ Healthways and published by
Forbes.com. Second,
Governor Jon Huntsman was featured in a
New York Times story,
which mentions his leadership in the effort to make Utah's liquor
laws more rational.
Utahns enjoy their jobs and express deep optimism about future
prospects, so it is no surprise to us that when site selectors and
businesses visit the state, they see happy, healthy residents. As
Forbes says, "Residents find a high level of satisfaction
in several areas, including work environment, emotional health and
their local communities." Forbes notes that one major factor for
Utah's strong performance might be its unemployment rate: When
last reported in January, it was 4.6 percent compared with a
national rate of 7.6 percent. Indeed. Our unemployment rate is
still one of the lowest in the nation, despite the national
economy, which says a lot about the strength of Utah businesses
and our economy. No doubt Utah's mega outdoor sports opportunities
also factor into the equation. In essence, the Gallup/Healthways
report would make a great advertisement: For a family-friendly,
happy, healthy lifestyle, come to Utah!
The New York Times story about Governor Huntsman has its political
overtones; nevertheless, it recognizes the Utah Legislature's
important vote to overhaul our old, quirky liquor laws, thus
providing some great publicity for the state.
Economic Developer Directory
In a separate but exciting development, EDCUtah is proud to announce
the publication of its new Economic Developer Directory -- THE
resource for economic developer information across the State of
Utah. If you are an economic developer and your organization is
not in this directory, please call Amber Deibert at (801) 323-4251
or e-mail
adeibert@edcutah.org. If you are looking for the right
economic development contact within a specific location to help
with a project, click
this link to see a directory of economic developers throughout
the state, or call Todd Brightwell, VP, Business Development
Manager, (801) 328-8824.
If your business is considering an expansion or relocation to Utah
and you would like EDCUtah to help you get connected with all the
right people, please call us. From introductions with key contacts
to providing economic data, to assisting throughout your site
selection process, we are here to help.
Today's Economic Review also includes links to many of the
ED-related news stories from the past week. As always, if you have
comments, suggestions or topics you'd like to see in the Economic
Review, please contact us by clicking the "Comments" link on the
bottom of this page. Enjoy!

Jeff Edwards
President and CEO
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Feature
EDCUtah Prepares Utah Pavilions for 2009 BIO
and SAMPE Conventions
Did you know that Utah is considered one of the premier locations
for businesses involved in the advanced composites industry? Or
that Utah is home to a growing cluster of biotechnology-related
businesses?
Indeed, Utah is a leader in advanced composites -- those carbon
fiber-based materials with high tensile strength, low weight and
low thermal expansion, that are dramatically changing industries
such as aerospace, civil engineering, military, motor sports,
skiing, bicycling and even shoes and musical instruments. The
state is also very active in the biotech and drug delivery
sectors, offering a world-class effort in arterial and vascular
access devices. Utah produces 70 percent of all such
devices used worldwide.
2009 SAMPE and BIO
Consequently, teams from EDCUtah, along with a variety of Utah
organizations and the Governor's Office of Economic Development (GOED)
will be represented in Baltimore, MD and Atlanta, GA respectively,
from May 18-21 for two international events with significant
import for the state -- SAMPE '09 and the 2009 BIO International Convention.
SAMPE '09 is the crème de la crème of conventions for scientists,
engineers, designers and academicians interested in the use and
advancement of advanced composite materials, while the BIO
convention is an event that draws some 20,000 senior level life
science professionals together to explore partnerships and discuss
financial and strategic practices to strengthen and expand their
life sciences and biotechnology businesses.
Kim Lofgreen, vice president of marketing and communications for
EDCUtah, says the Utah pavilions at SAMPE and BIO are important to
the state for a number of reasons. First, the pavilions provide
opportunities for participating Utah companies to promote their
products, network with their peers, share best practices and find
partners and financial resources, such as venture capital money.
Second, the pavilions provide EDCUtah and GOED two exceptional
opportunities to showcase Utah's growing advanced composites and
biotechnology industry clusters.
"There is no substitute for face time," Lofgreen says, "and the
opportunities for one-on-one interaction with business leaders and
industry experts at these two conventions are significant for the
participating Utah companies and equally important to EDCUtah's
recruitment efforts."
Advanced Composites
Utah is actually home to the largest manufacturer of high
performance carbon fiber in the U.S. and has one of the highest
concentrations of advanced composites companies in the world. The
Hexcel Corporation, which owns 105 acres in West Valley City, is
the largest domestic manufacturer of carbon fibers and hot melt
fabrics and unidirectional pre-impregnated materials, called
prepregs, for aerospace, satellite and recreational applications.
Hexcel's Utah plant also produces resins, epoxy resins, adhesive
films and solvated fabrics used for core materials.
The Beehive State has been at the center of graphite composites
development since the 1950s and offers a complete infrastructure
supporting the advanced composites industry, including raw
materials, engineering capability, manufacturing capability, sales
experts, machine design, manufacturing support and general
support.
"Any company that uses carbon fiber should be interested in Utah,"
says Lofgreen.
Utah businesses and higher educational institutions have always
been highly innovative in their use and advancement of composites.
In fact, tremendous breakthroughs in the advanced composites
industry have and continue to occur here. For example, in 2007,
Delta 7 Sports, headquartered in Payson, achieved a breakthrough
in the design of bicycle frames using advanced composites IsoTruss
technology developed by a professor at Brigham Young University.
Delta 7 Sports and its parent company, Advanced Composite
Solutions, will be exhibiting in the Utah Pavilion at SAMPE along
with EDCUtah and the following other Utah institutions that are
either sponsoring or exhibiting in the Utah pavilion:
- ATK
-
Ogden/Weber Applied Technology Center
-
Davis Applied Technology Center
-
Composite Solutions
-
Hill Air Force Base
-
HyperComp
-
Contour Composites
-
Advanced Composites, Inc.
-
Hexcel
Lofgreen notes that Utah's advanced composites industry is
important to the state's aerospace industry sector, but significant
cross-over also exist with many other industry segments.
Biotechnology
While Utah's competitive advantage in biotechnology isn't quite as
strong as its advanced composites sector, the state still ranks
first among the western states for life science businesses per
capita and second for overall industry growth. Utah's
biotechnology sector is unique in a variety of ways. The Utah
Population Database has led to the discovery of the genes that
cause breast, prostate and colon cancer, melanoma, cystic
fibrosis, Huntington disease and many other diseases and
illnesses.
USTAR (the Utah Science, Technology and
Research Initiative) is successfully recruiting top national
research teams and has established state-of-the-art research
innovation centers throughout the state to further advancements in
biotechnology. Utah also has three leading research universities
involved in biotechnology and the only medical school in the
Intermountain West. R&D efforts here bring in more than $400
million annually in research grants. What's more, Utah is known
for developing the world's first functional prosthetic arm, the
most successful artificial heart transplant to date and the first
successful heart pump implant.
Utah companies and institutions joining EDCUtah in the Utah
pavilion at BIO or helping to sponsor the pavilion include:
- Ballard Spahr
-
Brigham Young University
-
Cephalon
-
Clinical Genetics Institute
-
Daw Tech
-
GOED
-
Juneau Biosciences
-
Q-Therapuetics
-
Salt Lake Community College
-
Tandem Labs
-
Taueret Laboratories
-
UNIConnect
-
USTAR
Lofgreen says the BIO and SAMPE conventions provide Utah companies
with excellent branding opportunities and the ability to create
top-of-mind awareness among dynamic, international audiences. More
room is currently available in Utah's BIO and SAMPE pavilions.
Utah businesses interested in exhibiting in either pavilion should
contact Lofgreen for more information: (801) 328-8856. |
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In The News
Economic Development Headlines from the Past Week
Happiest place? Survey says ... Utah!
-
Move over, Disneyland. Your claim as "the happiest place on
earth" is being challenged by a new Gallup "happiness" poll that
ranks Utah as No. 1 for well-being among the 50 states.
(Morning
News) (SL
Tribune)
Governor Challenges Utah's Conservative Verities
-
Governor Jon Huntsman is profiled in a
New York Times story.
Jobs adding up, thanks to incentives
-
Thursday's lone corporate financial incentive awarded by the
Governor's Office of Economic Development Board could mean 50
new full-time jobs in Weber County. But that amount is
relatively small when compared with projects approved earlier in
the fiscal year and perhaps what is to come during the next few
months.
(Deseret
News)
Hill lands repair contract; it may bring jobs to Utah
-
The Air Force has selected the Ogden Air Logistics Center at
Hill Air Force Base to conduct maintenance and repairs on
advanced unmanned bombers known as the Predator and Reaper, an
assignment that could net Utah a few hundred jobs as the
military increasingly shifts to this new technology. (Salt Lake
Tribune)
Utah lawmakers approve sweeping liquor law changes
-
Landmark liquor legislation that does away with private clubs
and the so-called Zion Curtain is headed to the desk of Gov. Jon
Huntsman Jr., who is expected to sign it into law. (Salt
Lake Tribune)
Utah to get $73m for weatherization and energy upgrades
-
Weatherization and energy efficiency in Utah will get a big bump
under President Barack Obama's stimulus package. (Salt
Lake Tribune)
Raser ready to flip the switch on Beaver geothermal plant
- Within the next
week, Raser Technologies Inc. expects to begin transmitting around 7 megawatts
of electricity generated at its new geothermal plant outside of Beaver to the
city of Anaheim in Southern California. (Salt Lake
Tribune)
New homebuyers could get grant of $6,000
-
Those buying a new home in Utah could get a grant of as much as
$6,000 under a bill passed Thursday in the waning hours of the
legislative session. (Salt Lake
Tribune)
Guv's econ summit revamps its theme
-
Bowing to the realities of the economic downturn but holding
fast to the Utah economy's relative strength, the Governor's
Third Annual Economic Summit has changed themes just weeks
before the event.
(Salt Lake
Tribune)
Health reforms become law
-
Gov. Jon Huntsman Jr., turned health care
reforms into reality Wednesday by signing a package of bills
during a Capitol ceremony. (Clipper)
(KCPW)
(Salt Lake
Tribune) (Deseret
News)
Bountiful seeks 'streetcar named desire'
-
"A Streetcar Named Desire" is what Bountiful's mayor
is now singing.... In
conjunction with UTA, an open house was held at city hall, here,
drawing a few dozen residents. (Clipper)
Lawmakers Give Money to USTAR, Homeowners
-
Utah lawmakers are using federal economic stimulus money to
target the specific needs of the state. (KCPW)
North Temple Viaduct Project Snags $20 Million from State
-
Salt Lake City's efforts to reconstruct the North Temple viaduct
will receive $20 million in state funding. (KCPW)
Utah Lake plan ready for review
-
The final draft of a master plan to revitalize Utah Lake is done
and ready for a review at the state level. (Deseret
News)
Help for job seekers
-
Although the recession has claimed 4.4 million jobs, the economy
is creating others. More than 2 million job openings exist
across a range of industries, including thousands in Utah.
(Salt Lake
Tribune)
Gas prices a bright spot in bad economy
-
The housing market is sluggish, the stock market is shaky and
the job market stinks. But at least we have cheap gasoline. Utah
has the second-lowest prices in the country. (Salt Lake
Tribune)
Winning attitude crucial to success
-
The inclination to win is genetic. It is a mindset that is
generated from within and is not easily taught to someone not so
inclined.
With those beliefs firmly in mind, Logistics Specialties
Incorporated (LSI) President Sean Slatter has created a company
culture that seeks out natural winners and gives them the
opportunity to thrive. The result is a business development
consulting company with an 84 percent winning streak in landing
huge contracts for many of the largest companies on the planet.
(Clipper)
Temple Square ranks 16th in visitors
-
Tom Alms strolled through Temple Square, a camera dangled from
around his neck.
The Missourian's visit Wednesday is one of the roughly 5 million
reasons annually the iconic square is the state's top tourist
draw and one of the country's Top 25 attractions, according to a
new list from ForbesTraveler.com. (Deseret
News)
Hershey closes center in California after move to Ogden
facility
-
The Hershey Co. is closing down its Redlands, Calif.,
distribution center after having already moved most of its
operations to a newly opened 545,000-square-foot facility in
Ogden Business Depot. (Salt Lake
Tribune)
Don't they know it's a recession?
-
Empty store fronts along Main Street, Quarry Village and Bonanza
Drive may be frequent reminders of the recession, but other
parts of the county are seeing major construction projects
moving forward revealing optimism for a quick recovery and the
area's economic vitality. (Park
Record)
Utah 6th in online access to government information
-
Utah gets high marks for offering online access to government
information, yet a recent survey found plenty to criticize.
State agencies offer volumes of stuff, but much of it isn't very
useful. It can be unorganized, dated and hard to find, and some
important information is missing entirely. (Salt
Lake Tribune)
Huntsman pleased that two bills on renewable energy were
passed
-
Gov. Jon Huntsman says the biggest achievement his office made
during the 2009 legislative session was in the area of renewable
energy. (Standard-Examiner)
Dick Nourse to host series showcasing Utah
-
Well-known former KSL 5 News anchor Dick Nourse has formed a new
company, Nourse-Hexagon Productions, to develop a series of
half-hour TV programs called "Dick Nourse Visits ..."The pilot
episode was recently completed in Kanab and Kane County.
(Spectrum)
CALENDAR
Mar. 24-26:
JEC Composites Show (Paris, France)
Mar. 26: GOED Executive
Director Jason Perry and SelectHealth CEO Sidney C. Paulsen will be among eight
executives honored during Utah Business Magazine's "CEO of the
Year" ceremonies. (Grand America Hotel, Salt Lake City)
Details here. |
Mar. 30: Governor's
3rd Annual Utah Economic Summit (Grand America Hotel, Salt
Lake City)
Apr. 14: Senator Bennett's
8th
Annual Rural Business Conference (Heber Valley-Zermatt Resort
in Midway)
Apr. 15-17:
Utah League of Cities and Towns Midyear Conference (Dixie
Center, St. George)
Apr. 26-28: CoreNet (Dallas, TX)
Apr. 29-May1: SME (San Diego, CA)
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The EDCUTAH Economic Review is a
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