Packed Audience Joins EDCUtah for QIU Event at Ballet West

Ballet West Vice President of Development and Marketing Tom Michel welcomed the packed audience of EDCUtah investors and friends on Wed., Aug. 26, to open EDCUtah's latest Quarterly Investor Update meeting. 

The event was held in the Capitol Room at the Jessie Eccles Quinney Ballet Centre in the Capitol Theater, which is located in downtown Salt Lake City.

QUI guest speaker Walter Wilhelm, vice president of business process at Black Diamond Inc., spoke about the company's growth and activities. Black Diamond recently announced record second quarter sales of $35.1 million, which were largely driven by growth of the company's apparel market and the continued rollout of its POC brand of cycling products. Black Diamond Inc. is a global leader of innovative active outdoor performance equipment and apparel.

EDCUtah used the QIU platform to report its most recent economic development activity, which includes 167 open projects, with eight new projects added in July. The organization also conducted five site visits in July and announced two project wins.

The project wins announced were Vivint Solar and Solar City, which together will account for 800 retained jobs, the addition of more than 8,000 jobs and capital investments totaling approximately $106 million.

Manufacturing continues to dominate EDCUtah's open project activity, with 49 percent of the projects involving manufacturing concerns. Information/IT concerns make up 12 percent of the project activity, followed by finance/insurance, seven percent; professional services, seven percent; distribution/warehouse, six percent; healthcare, two percent; mining, two percent; and other projects, 16 percent.

Outdoor Retailer Markets to Remain in Utah

EDCUtah congratulates everyone involved in the decision by Emerald Expositions to keep the Outdoor Retailer Summer and Winter Markets in Salt Lake City through 2018. The two Outdoor Retailer markets comprise Utah's largest convention, attracting more than 20,000 delegates each and generating millions of dollars in direct spending for the economy.

Emerald Expositions polled more than 6,000 specialty retailers, attendees and exhibitors about the future location of the show and the majority of respondents indicated their preference is to remain in Salt Lake City. Specialty retailers, which comprised the majority of survey respondents, indicated the low cost of doing business in Salt Lake City is one of the key reasons they favored Utah. Emerald Expositions considered the views of the specialty retailers to be one of the most critical indicators.

Marisa Nicholson, vice president and Outdoor Retailer show director, noted in a story that Salt Lake has proven to be “a wonderful host to the outdoor industry and to Outdoor Retailer over the years.” She described the community as welcoming and supportive, creating an “at home” atmosphere for the two weeks show leaders, exhibitors and participants are in town.

Salt Lake County is looking for a developer partner to develop a convention headquarters hotel in downtown Salt Lake City. Development plans include a headquarters hotel, public meeting space and room accommodations adjacent to the Salt Palace. Such a convention hotel has been identified as crucial to the city's convention economy, not just for the Outdoor Retailer markets but for the overall industry.

The next Outdoor Retailer show takes place Jan. 7-10 in Salt Lake City, with the Winter Market coming to town.