It's time to add a new "first" to EDCUtah's list of successes.
In addition to its record number of project wins, active projects, site visits and jobs created and retained, EDCUtah has also set a new membership record.
Kevin Bischoff, director of membership development, happily notes EDCUtah has more private and public sector members than ever before – 300 from the private sector and 60 from the public sector.
"That's significant, because membership growth is our future," he adds. "It is absolutely crucial to our success. EDCUtah's ability to operate is largely based on the partnerships it develops with its investors."
EDCUtah President and CEO Jeff Edwards emphasizes that economic development in Utah has always been a team sport. Some of the organization's members have been part of that team for significant periods of time. Here's a breakdown of some members based upon their lengths of membership.
The following investors are celebrating 25 years with EDCUtah:
Freeport Center Associates
Visit Salt Lake
South Jordan City
Industrial Supply Company, Inc.
The Boyer Company
CBRE – UT
West Valley City
The following investors are celebrating 20 years with EDCUtah:
The following investors are celebrating 15 years with EDCUtah:
Utah Associated Municipal Power Systems
Des Barker Associates
The following investors are celebrating 10 years with EDCUtah:
Lewis Young Robertson & Burningham, Inc.
Coldwell Banker Commercial Intermountain
Daines Goodwin & Company
Watts Construction, Inc.
The following investors are celebrating 5 years with EDCUtah:
EDCUtah Chairman of the Board Scott Anderson sums up the depth of commitment EDCUtah has received from its investors, saying: "EDCUtah's economic development power is in the partnerships it has developed over the years with state and local governments, civic and educational institutions and private industry. The partnerships truly are unprecedented. EDCUtah's success is largely due to that support, from the organization's creation to where it stands today as the highly successful private face of economic development in Utah. As Chairman of EDCUtah's Board of Trustees, I know first-hand the importance of those partnerships. We thank you, the many organizations that are helping EDCUtah recruit and retain jobs for Utah."
Edwards notes that in addition to helping EDCUtah financially, its members opens doors to economic development opportunities, serve as ambassadors of the state, and add credibility to the many economic accolades Utah receives.
"In return for that support, our team works hard to bring value to our investors," he continues, "not only by bringing quality jobs to the state, but by linking our public and private sector members together as a network, providing them with customized research and data, sales and marketing opportunities and events that connect them to each other and keep them engaged with our economic development efforts."
When EDCUtah receives requests for vendor or supplier names from its clients, it passes those referrals on to its investors, giving them the first opportunity for business. Further, EDCUtah communicates economic news first to its partners through email announcements, press releases, member meetings, project reports and this newsletter. As EDCUtah clients are ready to release information, that information is also passed on EDCUtah's investors through the appropriate channels with the company's contact names for business opportunities.
Regarding EDCUtah's Research Center, Bischoff says it is one of the largest economic data libraries in the state, housing the latest information on business incentives, labor statistics, real estate, taxes, utility rates, demographics and much more. The Research Center is also equipped to prepare customized reports and analyses for EDCUtah investors upon request. These include operating cost comparison models, economic impact studies, demographic studies and local and national business lists.
For the public sector, Bischoff says EDCUtah sees itself as an extension of the staff. A city or county, he explains, may not have the funds to pay for a dedicated economic development department, but by becoming an EDCUtah investor the city or county can still focus on economic development through EDCUtah's support.
"We can help communities strategize in putting together their economic development plans, provide research and leads and help guide their economic development efforts," he says.
He goes on to say EDCUtah's membership function has become more sophisticated in recent years. "We need our investors now more than ever before, that's why we work so hard to engage them through events like our Quarterly Investor Update meetings, new investor orientations, our business meetings, golf tournament and annual meeting," Bischoff says. "And if you are a business in Utah and you care about Utah's economic prosperity, you should be a member of EDCUtah."