President's Message
Murray City Weathering the Economic Storm
Just Fine
In these shaky economic times, it is easy to focus on the negative
reports that dominate the headlines. Despite the difficult
economic situation nationally, Utah stands out for its many
positive economic developments. Take, for example, Murray City and
Intermountain Healthcare, which have created an economic engine to
be envied by communities across the nation. Former Mayor Lynn Pett
says the Intermountain Medical Center, located at the site of the
old smokestacks in Murray, has created thousands of jobs and
fostered a massive economic influx into the community.
Murray Mayor Dan Snarr adds that the Intermountain Medical Center
is Murray's “number one economic driver,” not only for its massive
investment into the community but also for cleaning up what was
once a blighted, challenging eyesore. The Intermountain Medical
Center has succeeded beyond anyone's wildest dreams and Murray is
fortunate to have such an excellent anchor in the community, which
creates jobs, brings people together and is the catalyst for great
things to come.
As with Murray City, EDCUtah is dedicated to helping all of its
community partners achieve their economic development goals and
objectives. In this process, we work closely with many economic
developers. Several organizations have relatively new economic
development leadership, including Tim Tingey at Murray City, Bob
Farrington, at Salt Lake City, and Garth Day, at Morgan County.
Our feature story in this newsletter introduces these new faces in
economic development and highlights their backgrounds and
experience.
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” button on the
bottom of this page. Enjoy!

Jeff Edwards
President and CEO
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Feature
New Faces in Economic Development
Economic development is a fluid effort and occasionally the names
and faces of economic developers with whom we serve change. This
week we'd like to spotlight three leaders that, while not
necessarily new to Utah, are serving in new roles in economic
development.
Tim Tingey, Murray City's Community and Economic Development
Director
Tim
Tingey took over as director of community and economic development
at Murray City three months ago and he's been going non-stop since
day one.
“We have a lot of great opportunities in economic development
going on, especially with the construction and opening of
Intermountain Health Care's Intermountain Medical Center,” he
says.
He came to Murray City after working 11 years for the City of
Pocatello, Idaho, where he was a manager over neighborhood and
community services. In that capacity, he was involved in community
development, urban renewal and economic development. A native of
Carey, Idaho (near Sun Valley), he obtained a bachelor's degree in
business from Utah State University. He holds a masters degree and
doctorate in public administration and political science from
Idaho State University. For the past three years, he has served as
an adjunct professor at Idaho State.
Tingey says IHC's new Intermountain Medical Center is a powerful
anchor and has given the Murray City an opportunity to focus on
clustering opportunities there, along with promoting
redevelopment, business retention and expansion and mixed
use—especially adjacent to the TRAX line. Murray enjoys three TRAX
stops within its city limits, which present great opportunities
for mixed use and redevelopment nearby. The Fireclay redevelopment
project is an example of the city's mixed use, transit-related
developments near TRAX.
Revitalization of historic downtown Murray is also an area of
focus. Tingey says the city is currently involved in developing a
master plan to manage the redevelopment effort there. The plan
will consider available land, projected growth and business
retention over the next few years.
Bob Farrington, Salt Lake City's Economic Development Director
“My
first few months have been a rocket start,” says Bob Farrington of
his move in June from the Downtown Alliance, where he served as
executive director for 16 years, to become director of economic
development for Salt Lake City Mayor Ralph Becker.
Since day one Farrington has been working through a backlog of
projects and initiatives and just now feels like he is able to be
proactive in his new position.
“There is a lot of interest and economic development activity
going on in Salt Lake City and I am pleased to help drive the
agenda,” he says.
Farrington guided the Downtown Alliance from its inception through
16 years of phenomenal growth for the capital city, during which
he was heavily involved in the 2002 Olympic Winter Games, the
implementation of First Night Salt Lake – the city's New Year's
Eve celebration, the introduction of TRAX light rail and the current resurgence of
investment in the city core. He is well-equipped to take on Salt
Lake's many economic development projects.
A native of New Orleans, Farrington attended graduate school at
the University of Texas San Antonio, where he obtained a master's
degree in urban planning. He worked for 15 years in San Antonio
before coming to Utah, serving five years as the economic
development director for the San Antonio Chamber of Commerce, five
years with the San Antonio Downtown Alliance, and five years with
a planning and project management company there.
Garth Day, Morgan County Economic Development Director
Garth Day, who in July took on a newly created position as
economic development director at Morgan County, is also a seasoned
economic development veteran.
Having lead economic development efforts in Box Elder County for
the last 10 years, Day served an integral in role in the location
and development of an agribusiness and industrial park, which is
now sold out and full, the location of Nucor Steel's new plant in
Brigham City and economic development efforts involving
Malt-O-Meal, West Liberty Foods and Tarter Gates.
Day describes his new role as Morgan County's first shot at being
aggressive in the economic development front. The county has lots
of potential for both economic development and retail, he says.
Among the efforts on his agenda, Day will be busy helping to
develop an entrepreneurial center in which the county is
partnering with the Davis Applied Technology Center and the State
of Utah, and planning for development of a light industrial park.
“I've had a wonderful experience working with EDCUtah, especially
in its support of rural communities, and hope can continue that
relationship at Morgan County,” he says.
An Ogden native, Day holds a bachelor's degree in political
science and urban planning from Weber State University. Before
joining Box Elder County, he worked in economic development for
Pleasant View City and Perry City. |
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In The News
Economic Development Headlines from the Past Week
Ogden a good deal for firms
- Utah, in
its efforts to attract quality jobs, is offering tax-credit incentives
to firms to do business here. As the Standard-Examiner's Jeff DeMoss
reports, The Business and Economic Development Board in the Governor's
Office of Economic Development is offering $4.7 million worth of
incentives to lure two firms to Utah and make sure a third stays in
Ogden. (Standard-Examiner)
Roll 'em! State wants to boost film incentives
- Trying
to get legislative approval to strengthen Utah's film-production
industry, state officials on Wednesday released figures indicating the
industry produces a blockbuster economic impact. (Deseret News
here and
here) (Daily
Herald)
Autoliv operations consolidating in Ogden
- Autoliv
North America said Friday that it plans to close a facility in Indiana
and consolidate the company's vehicle air-bag assembly operations at
an Ogden plant. The closure of the facility in Columbia City, Ind.,
will affect 380 workers there. The company will begin moving
production lines to Ogden as soon as November, and plans to complete
the transition by late fall 2009. (Morning
News)
APX Alarm Security Solutions Inc. increases credit facility to
$215 million
- APX
Security Solutions Inc., one of the nation's largest residential
security alarm companies, announced that it has completed a new $215
million credit facility. The credit facility will provide a funding
source to help fuel the growth the company has had over the last few
years. (Utah
Business Magazine)
Utah's economic ups, downs: Job growth slows, gas prices fall
- Utah
released its worst jobs report in five years Tuesday, but an upbeat
inflation report provided some hope to consumers battered by a sliding
economy. (SL
Tribune) (Morning
News)
Renovation of Trolley Square's main building should be done by
November
-
Modernization of the main building of the Trolley Square shopping
mall, part of a $60 million expansion project at the Salt Lake City
retail complex, should be finished about Nov. 1, in time for the start
of the holiday shopping season. (SL
Tribune)
FDIC asked Zions to bid on failed Silver State Bank
- Zions
Bancorp's acquisition of the deposits of failed Silver State Bank in
Nevada earlier this month should assure customers of the Salt Lake
City banking company that their deposits are safe, a spokesman said
Wednesday. "The Federal Deposit Insurance Corporation asked us to bid
on that bank. If we were a bank that the FDIC was concerned about,
they wouldn't be asking us to bid on a failed bank," Zions spokesman
Rob Brough said. (SL
Tribune)
Cedar City named 'outdoorsy'
- Based on
its status as the gateway to national parks throughout Southern Utah,
as well as its mild climate and various cultural opportunities, Cedar
City has been named as one of the top 10 best "outdoorsy" places to
retire by U.S. News & World Report. (The
Spectrum)
Mountain bikers take to the air starting today at The Canyons
- The
state's growing involvement with action sports continues this weekend
with mountain bikers taking up where motocross and skateboard athletes
left off. On the heels of last weekend's AST Dew Tour, which attracted
record crowds to downtown Salt Lake City to see the exploits of
high-flying bikers and boarders, the Jeep 48Straight mountain bike
racing tour came to The Canyons Resort outside of Park City Friday and
Saturday. (SL
Tribune)
Retail project ready to open
- Although
the economy is slow right now, St. George Mayor Dan McArthur has been
to several ribbon-cuttings in the last few days. "We're glad to have
these new projects," McArthur told those attending the ribbon-cutting
for Dixie Commons on Thursday. (The
Spectrum)
Utah transport planners create project wish list
- It will cost billions, but Utah transportation officials have mapped
out a web of future roads to improve east-west access in the Salt Lake
Valley and upgrade travel in high-growth areas statewide. Of course,
they still need to find a way to pay for their vision… (SL
Tribune)
20 influential Hispanic business leaders
- For the
second year, Business Connect, together with the Utah Hispanic Chamber
of Commerce (UHCC), recognizes 20 prominent Hispanic business leaders.
A panel of businesspeople from within the community selected the 20,
and the UHCC oversaw the process. (Connect
Magazine)
Business Insight: Surviving a downturn
- What's
your best advice during these tough times? Consult your bank about
your business's financial status. Lenders have valuable experience
with economic cycles and they can advise you on issues specific to
your industry. (SL
Tribune)
UDOT to hold hearing on expressway plan
- The Utah
Department of Transportation will hold a hearing at 5 p.m. on Thursday
in the cafeteria of Building 10 in the IM Flash Technologies building,
1550 E. 35 North, to take comment on a $130 million limited access
expressway for state Route 92 east of I-15. (Deseret
News)
CALENDAR
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.
Sept. 30: Utah Chapter
NAIOP Survivor 2008 Bus Tour
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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