In The News
Economic Development Headlines from the Past Week
Three companies get Utah incentives
- Utah has
offered online auctioneer eBay an incentive worth as much as $27.3
million to convince the company to build a new data-storage center
that would employ 50 people in the Salt Lake area. (SL
Tribune)
eBay Considering Utah for Major New Data Center
- The
Governor’s Office of Economic Development (GOED) Business Development
Board met Friday and approved Economic Development Tax Increment
Financing (EDTIF) incentives for several industry leading companies.
Among them eBay Inc., a leading internet company, was offered an EDTIF
incentive of approximately $27 million .
(Utah
Business Magazine)
Mine offices moving in
- An
underground mine contracting and engineering company on Friday
selected Salt Lake County for its U.S. headquarters, after receiving a
state tax-credit incentive. (Morning
News)
Utah keeps top-10 rank in science, technology
- Utah has
remained in the top 10 — even moving up a notch — in a closely watched
ranking of top technology and science states.
(Morning
News)
BDO on the way up – Hershey, Barnes, Southern Classic Food moving
in
- Since
its conversion to private, commercial use began in 2000, BDO has
become a thriving center of industry. It now has 80 tenants employing
a combined 3,400 workers, who build everything from nutritional
supplements to jet engines to kitchen sinks. (Standard
Examiner)
Utah Recognized as Top Ten Business Climate State
- Utah has
received three top recognitions to add to its list of economic
accolades. In its July issue 2008, Business Facilities ranked Utah as
a Top Ten State for Business Climate, Manufacturing Momentum and Most
Educated Workforce. (Utah
Business Magazine)
Utahns' personal income increases by 1.2 percent
- Utahns'
personal income grew by 1.2 percent in the first quarter of this year,
less than half the 2.5 percent growth they saw in the first quarter of
2007, according to estimates released Thursday by the U.S. Bureau of
Economic Analysis. (Morning
News)
Ski Season Brings Utah $1 Billion
- What
seemed like an endless winter season has resulted in big bucks for
Utah’s ski and snowboard industry. Ski Utah reported Monday that the
2007-08 ski season brought more than $1 billion to Utah’s economy. (Utah
Business Magazine)
Housing slump hits other industries
- The
effects of a slowing housing market are also felt by retail and
financial service industries. Retail, which accounts for 18 percent of
total employment, added 5,700 jobs in May from a year ago. But retail
job growth is expected to slow as high gas, energy and food prices and
the housing slump dampen consumer spending. (Daily
Herald)
Homebuilding slump: Utah job growth hits worst level in two years
- Utah's
economy, which just two years ago was creating jobs at a nation's-best
rate, probably won't be generating any job gains by the end of the
year because of a deeper-than-expected downturn in the state's
homebuilding sector. (SL
Tribune) (Morning
News) (Daily
Herald)
Health, economy, rivals leave RTC in limbo
- It’s
been a decade with very few answers. The original plan was brimming
with hope and excitement, promising to restore the vibrancy of the
Five Points Mall in its heyday. Now, almost 10 years later, the site
remains unfinished, pockmarked by empty spaces, a scarred terrain and
the unfulfilled promise of the much anticipated Renaissance Towne
Center. (Clipper
Today)
Study Examines Economic Trends in Iron County and Southwest Utah
- The
Southwest Utah Planning Authorities Council conducted a presentation
on demographic and economic trends in Southwestern Utah the afternoon
of June 5. (Cedar
City Review)
Tourism board hopes to give state boost through Sundance
sponsorship
- For a
$60,000 investment, the Utah Board of Tourism Development has become
an "Institute Associate" for the 2009 Sundance Film Festival. Name
recognition and other privileges accompany the sponsorship
classification. (SL
Tribune)
SLC eager to impress meeting planners group
- The
group's name really does not convey just how important its annual
meeting is to Salt Lake County's economic future. But Utah's
hospitality industry is keenly aware of the rewards that can be reaped
from a job well done for the Healthcare Convention and Exhibitors
Association (HCEA), whose meeting begins today and runs through
Tuesday at the Salt Palace Convention Center. About 700 visitors are
expected. (SL
Tribune)
NIH Created 3,000 Jobs in Utah Last Year, Study Finds
- A new
report from healthcare advocacy group Families USA claims Utah's
economy gained more than $350 million dollars in business activity
last year because of grants from the National Institutes of Health,
and calls on Congress to increase NIH funding at a faster rate. (KCPW)
CALENDAR
June 25: Quarterly Investor Update (This Is the
Place State Park)
Aug. 6: OIA Thought Leader
Sept. 4: EDCUtah Annual Meeting (Grand America)
Sept. 8:
2nd Annual What's IN OUT Back Economic Summit and Golf Tournament
(Zermatt Resort/Homestead Resort & Golf Course)
Sept. 13-17: IAMC (Oklahoma)
Sept. 25:
What's Goin' Down Up North - Northern Utah Economic Summit,
9 a.m. - 3 p.m. (Utah State University Innovation Campus, North Logan)
Registration form
Oct. 9-12: CoreNet (Orlando)
Oct. 21: 3rd Annual Procurement Symposium
Oct. 22: Quarterly Update
Dec. 17: Holiday Open House (EDCUtah)
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