Once a month, EDCUtah emails to our investors a link to our latest Project Update report. The report gives our investors insight into projects we are working, including their activity level and those that are concluded. The purpose of the report is to help our investors can stay engaged with EDCUtah and informed about the corporate recruitment process.

For example, key metrics from the latest report include 294 open projects, with 12 new projects added in the last 30 days. We are happy to report that we are on track to have another record-breaking year for job creation!

In May, we announced wins in the software, manufacturing, mining and transportation sectors. Xactware, Schiff Nutrition, FLSmidth and Peterbilt are all Utah companies that have decided to expand here rather than go elsewhere. Our success is further evidence of Utah's excellent business climate, our unparalleled workforce and the public-private partnerships that help us get business done as a state.

As always, thank you for your supporting our organization and mission. I appreciate the confidence of so many of Utah's government and business leaders. Feel free to contact me directly with any questions you may have about our economic development efforts.

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

Successful Golf Tournament Helps Fund Another Round of Community Match Grants
EDCUtah's 2012 Golf for Grants Tournament, held last Wednesday at Eaglewood Golf Course, was another swinging success. Thirty-six teams totaling 144 players competed for bragging rights, fun and prizes in the tournament, which benefits EDCUtah's Community Match Grant Program.

Top tournament finishers were:

• 1st Place -- Layton Companies: Dave Layton, Cary Nelson, Steve Maxwell and Tom Dischmann
• 2nd Place -- Sandy City: Nick Duerksen, Kasey Dunlavy, Jason Burningham and Kyle Fielding
• 3rd Place -- Hunt Electric: Mike Buell, Sean Campbell, Mike Smith and Steve Rich

Congratulations to Carson Fuller, from the Davis Conference Center, for hitting a hole in one on hole #8.

Golfers at the ready ... EDCUtah's 2012 Golf for Grants Tournament was a swinging success.

Art Franks, EDCUtah's director of special projects, says the proceeds from the tournament will help fund the next round of community match grants, a program dedicated to providing assistance for specific economic development marketing and training efforts for municipalities and other non-profit organizations throughout Utah. The money helps these organizations fund economic development projects they might not otherwise afford.

Match Grant Applications
Each year, Match Grant applications total approximately $80,000 to $90,000, but EDCUtah's budget only covers about $45,000 of that amount. Hence, the money raised from the golf tournament allows EDCUtah to fund additional match grant applications. Since the program's inception in 1989, EDCUtah has awarded more than $864,950 to communities and organizations in all 29 of Utah's Counties.

"EDCUtah always receives fantastic support from our sponsors and the tournament could not be a success without them," says Franks. "This year's sponsors were active both financially and physically in supporting the tournament. We especially want to thank Price Realty, for once again serving as our Platinum Sponsor; CenturyLink, our Gold Sponsor; and the following Silver Sponsors:

• Bank of Utah
• Boyer Company / Business Depot Ogden
• City of South Jordan
• Comcast
• Davis Conference Center
• Hughes General Contractors, Inc.
• Hunt Electric
• Jacobsen Construction
• Layton Companies
• Mountain America Credit Union
• Penna Powers Brian Haynes
• Rio Tinto / Kennecott
• Rocky Mountain Power
• SOS Staffing Services
• ViaWest Inc.
• Workers Compensation Fund

EDCUtah also thanks R&O Construction for sponsoring the drinks cart, and Phil Thompson, Industrial Supply Company, Inc. for a helping with the tee prize.

Three Application Types
EDCUtah accepts Match Grant applications in three areas: Marketing Match Grants, Sponsorship Match Grants and Professional Development Assistance Match Grants.

Franks says Marketing Match Grants provide matching funds for economic development initiatives, such as development of direct marketing materials, website development, research projects that are directly applicable to recruitment strategies and work related to potential SURE Sites properties, including the completion of environmental and geo-technical studies, infrastructure assessments and other preparatory analysis.

Sponsorship Match Grants provide matching funds for specific economic development events. EDCUtah's Match Grant Award Committee bases the awards on the quality of the event, how well the event addresses an economic need in the community and the audience to be reached. Special consideration is given to projects that provide an interface among economic development partners.

Professional Development Assistance Match Grants provide matching funds to economic developers looking to enhance their professionalism and expertise. Before participating, applicants must have one year of experience in economic development, as well as experience in the communities they are representing. Applicants may apply for one training opportunity per year.

Franks says the grants can be used any number of ways, as long as they fit within the guidelines for each of the grant types. Once again, he thanks this year's golf tournament sponsors, the EDCUtah staff, volunteers and participants for helping make the next round of match grants possible.