During its annual meeting, EDCUtah commemorated its 30th anniversary by rolling out its vision for the next chapter in EDCUtah’s history.
This vision includes a greater focus on public sector development, sharing increased research and analytics tools to support business development efforts and introducing a new membership model.
Originally founded as the “Committee of 100,” the organization transitioned into the Utah Economic Development Corporation (UEDC) in 1987. Today, EDCUtah consists of more than 250 corporate and government investors working together to build economic prosperity in Utah.
At the annual meeting, EDCUtah released information on its record-breaking FY16-17. Utah won multiple expansion and relocation projects for high-profile companies such as Amazon, Lucid Software, Decroworx, Duncan Aviation and UPS. The combined company effort throughout FY16-17 led to:
· 9,356 new and retained jobs
· 136 net new projects
· $915.2M in capital investment
· 6.1M in committed square feet
“Marking 30 successful years is a significant milestone and we are so proud to be a part of Utah’s healthy economy,” said Theresa Foxley, EDCUtah President and CEO. “We are going through some profound changes both in how we are refocusing our efforts on attracting businesses and how we are supporting our investors in their pursuits. We are entering into our next chapter energized, ready and motivated to provide service and value to our tremendous state.”
At the meeting, EDCUtah also recognized leaders and investors for their contributions in the public and private sectors. Governor Gary Herbert was honored with the Thayne Robson Leadership in Economic Development Award for his work in the public sector. Alan Rindlisbacher of Layton Construction, who was EDCUtah’s first employee, received the Nick Rose Leadership in Economic Development Award for his work in the private sector. The Utah Jazz Legacy Trust received the Cornerstone in Economic Development Award, with Gail Miller accepting the award on behalf of the Miller family. This award will be renamed the Larry H. and Gail Miller Family Cornerstone in Economic Development Award for future years in recognition of the family’s significant economic and philanthropic contributions to the State of Utah.
“These individuals have had a tremendous impact on Utah economic development,” said Foxley. “We are grateful for their service to the state and appreciate their continued support of our mission.”