President's Message
'Questar Center' Will Add to Vibrancy of Downtown SLC
Beginning in January 2012, Questar Corporation will occupy a new building, to be called the Questar Center, at 333 South State Street. It will be the corporation's new headquarters and accommodate some 600 employees in a floor plan that is 20 percent smaller than Questar's current headquarters, but better organized and more efficient.
"As many employees know, we've been considering various options since our current lease expires in January 2012," says Questar president and CEO Ron Jibson. "The most promising option – and the one we're most excited about – is leasing this new building to be built specifically for our use. The timing is good, and the Questar Center's location and design will provide increased opportunities and benefits for our employees."

The new Questar Center, planned for 333 So. State in Salt Lake City
The Questar Center will be one of the first LEED Silver energy efficient buildings in downtown Salt Lake. It will have six floors and 170,000 square feet, and will replace the north half of the parking lot at 175 East 400 South. Parking is moving underground. Additionally, the new building will include 6,000 square feet of street level retail/restaurant space and a public plaza. TRAX light rail will be accessible on 400 South.
We think the Questar Center will be a great addition to an increasingly robust and vibrant business district in downtown Salt Lake City.
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 Story
EDCUtah Bids Farewell to Lynn Pett, Welcomes Dennis Nordfelt
It is safe to say that no one knows the Economic Development Corporation of Utah, its mission, or its investors from the public sector better than Lynn Pett, who retired June 30 after serving 20 years as government relations director for the organization.
Some 225 people were on hand for Pett's retirement party, which was celebrated June 29 at the Intermountain Medical Center - Doty Education Center in Murray, the city where Pett served as mayor for eight years.
Like Attending Your Own Funeral
"I was astounded at the party thrown for me by Jeff, the staff, the board of trustees, and the executive committee of EDCUtah. I've been to a lot of retirement parties and this was the nicest one I have ever attended. It was kind of like going to your own funeral in advance. It was unbelievable," he says.
Pett, who is turning 70 this year, says he feels bittersweet about retirement. "I have a lot of friends, and I have enjoyed associating with all of the elected officials up and down the state," he adds.
EDCUtah President & CEO Jeff Edwards says Pett has been a wonderful ambassador for economic development: "Lynn has done a fantastic job serving as our government relations director and, while we are sad to see his long, second career come to an end, we are also happy for him and we wish him the best in his retirement."
Filling Pett's shoes was no small task, but Edwards says he is very happy former West Valley City Mayor Dennis Nordfelt accepted the government relations director position.
"Dennis is fitting very nicely into the role carved out by Lynn," Edwards adds. "He is a great asset and we are thrilled to have him onboard."
Mayor Pett
Pett began his association with EDCUtah when he was elected mayor of Murray City, first serving on the EDCUtah board of directors and executive committee. When he opted not to seek re-election, Pett's service on the board and executive committee would have ended, but Mike Lawson, EDCUtah's executive director at the time, invited him to stay on for another year under a contract to serve the organization in community and government relations. That one-year contract turned into 20 years of service, and Pett says he is really proud of how EDCUtah has grown through that period into the professional organization that it is today.
"I honestly believe EDCUtah is the best, most efficient economic development organization anywhere," he explains. "EDCUtah has a strong footing and people look forward to becoming members. I am just extremely proud that I had a little bit to do with the growth of the organization, and I am confident that it will continue to grow and only get better."
Remarkably, Pett never needed to fill out a job application. Work always came to him. He started working for Murray City when he was 16. At age 23 he became the city's department head for parks and recreation and served there for 25 years, after which he served as executive assistant to the mayor for six years, and then was elected mayor.
Mayor Nordfelt
Like Pett, Nordfelt has also been a devoted public servant, serving as West Valley City's sixth mayor from 2002 to 2010, during which time he also provided distinguished service as a member of EDCUtah's board of trustees.
Nordfelt began his service as West Valley City's mayor in 2002 upon the death of Mayor Gearld L. Wright. In 2003 Nordfelt was elected to complete Mayor Wright's term and then was elected to serve a full, four-year term in his own right in November 2005.
Born in Salina, Utah, but raised in Moab, Nordfelt was elected student body president of Grand County High School and lettered in four sports. After high school he attended classes at Southern Utah University, Weber State University and Brigham Young University. In May 1967 he joined the Utah Highway Patrol and in 1981 was appointed its superintendent by Governor Scott Matheson. Four years later he was reappointed superintendent by Governor Norman Bangerter.
Upon retiring from the Utah Highway Patrol, Nordfelt was hired as chief of the West Valley City Police Department, where he served from July 1, 1987 to August 28, 1998. Following his lengthy career in law enforcement, Nordfelt served as the West Valley City's Olympic coordinator, helping the city act as a venue city in the 2002 Winter Olympics and Paralympics, before becoming mayor.
"Dennis has been a strong advocate for economic development, both as a mayor and through his service on EDCUtah's board of trustees," says Edwards. "We are highly confident that he will be very successful in his new role as our director of government relations."
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In the News
New aerospace manufacturer one step closer to building in Layton
With Davis County supplying $9.5 million in tax-exempt federal stimulus bonds, Washington-state based Janicki Industries is one step closer to building a new 100,000-square foot composite-manufacturing facility in Layton.
(Salt Lake Tribune)
Developer gambled on Salt Lake HQ deal for Questar
Eight months ago, Wasatch Commercial Management learned Questar Corp.'s lease to its long-time headquarters building on the southwest corner of 100 South and 200 East in Salt Lake City was set to expire in 2012.
(Salt Lake Tribune) (Deseret News) (KSL) (Fox 13)
Raser Technologies and Hyundai announce MOU for development of renewable energy and electric vehicles
A Provo, Utah, green energy company and Korean manufacturing giant team for well-to-wheels development of renewable energy and electric vehicles.
(Utah Pulse)
Utah sees modest economic gains
The national economy still looks uncertain, but there have been modest gains in Utah, based on the latest small business index released by Zions Bank on Tuesday.
(Deseret News)
Regional business index nudges higher in June
The Mountain States' economy is solidly in the growth range, but unknowns continue to figure big in the immediate future, according to the region's Business Conditions Index released Thursday.
(Deseret News)
Utah company reopening iron mine near Cedar City
After several setbacks, a Utah mining company says it will finally sell iron ore to a steel maker in China, helping boost this southern Utah town's fortunes.
(Deseret News) (Salt Lake Tribune) (Spectrum) (registration/subscription required)
Program encourages women entrepreneurs
GE Capital, an international financial-services business, has picked Utah to showcase its pilot program "Banking on Women."
(Deseret News)
Green River nuclear plant announces major funding source
The company behind plans for Utah's first nuclear power plant, Salt Lake City-based Blue Castle Holdings Inc., has secured an agreement for $30 million in private equity financing from the New York-based LeadDog Capital LP.
(Salt Lake Tribune)
NSL incentives to aid growth at Redwood Rd
City officials are putting some weight behind their long-stated hopes of increased commercial development along Redwood Road.
(Davis County Clipper)
Catching up with carbon sequestration expert Brian McPherson
With about one-third of the United States' carbon emissions coming from power plants and other large industrial sources, scientists have been looking underground for geological formations where those emissions can be stored safely and securely to reduce a buildup of greenhouse gases in the atmosphere.
(Utah Pulse)
Flying J and Pilot Travel Centers complete merger
Flying J Inc. and Pilot Travel Centers, based in Knoxville, Tenn., finished a merger Wednesday that will make it the largest operator of interstate travel centers in North America. The merged firm will employ 20,000 people.
(Deseret News) (Salt Lake Tribune)
Construction industry in Ogden, Clearfield is hammered
In recent years, Eddy L. Shaw Construction in Ogden worked on seven or eight residential subdivisions a summer.
(Salt Lake Tribune)
Employment in U.S. metro areas is up, but not in Utah
An unemployment report released Wednesday depicted improving conditions during May in about two-thirds of the country's 382 largest metropolitan areas, but Utah's five population centers were not among them.
(Salt Lake Tribune)
FAA, Provo begin work on airport radar
The new, $4 million radar installation -- which will be working in spring 2011 -- will let air-traffic controllers at Salt Lake City International Airport monitor what is happening in the skies over Utah County.
(Salt Lake Tribune)
Utah Department of Workforce Services publishes TrendLines Extra
The Utah Department of Workforce Services has published the June results of TrendLines Extra, featuring Utah's current economic news and data.
(Utah Business Magazine -- registation required)
Davis County seeking to get meeting of Western county officials in 2012 or '13
Davis County faces both in- and out-of-state competition as it tries to land an upcoming conference of county officials from the West.
(Deseret News)
River Heights advances idea of commercial district
Businesses could soon move into this small bedroom community after its Planning Commission approved the city's first commercial and mixed-use zones.
(Herald Journal)
U.S. Dept. of Labor awards SLCC $2.7 digital media grant
SLCC has been awarded a $2.7 million grant from the U.S. Department of Labor. SLCC's grant is one of 41 Department of Labor grants totaling $125 million given to institutions in the United States as part of the fifth and final round of Community-Based Job Training Grant awards.
(Utah Pulse)
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