PROJECT REPORT
Current EDCUTAH project load = 182
Utah Expansion projects = 40
National Recruiting projects = 142
Total hot projects = 47
Three rural projects have great potential:
| Project Super Bowl | ||
| 130,000 square-foot manufacturing facility | ||
| # of Jobs: | 550 | |
| Looking at several rural locations | ||
| Project Steely Dan | ||
| 200,000 square-foot manufacturing facility | ||
| Several Utah site visits completed, looking closely at 2 rural sites in northern Utah | ||
| # of Jobs: | 200 | |
| Average Wage Level: | 221% of county median | |
| New State Revenues: | $7,884,500 over 10 years | |
| Incentive: | Tax Rebate of up to $2,353,350 | |
| Project Apache | ||
| Possible local expansion of Brush Resources mining operations in Juab County | ||
| Utah is competing with a location in Ohio for the project. | ||
| # of Jobs: | Up to 35 | |
| Average Wage Level: | 268% of county median | |
| New State Revenues: | $2,333,000 over 10 years | |
| Incentive: | Tax Rebate of up to $700,000 | |
IN THE NEWS
Economic Development Headlines
Nation's Largest Plumbing Distributor Leases Orem Building
Commerce CRG reports that Ferguson, one of the nation's largest distributors of plumbing supplies, has signed a ten-year lease for a building located in Orem at 1540 West 1250 South. The leased space totals nearly 24,000 square-feet and an additional 20,000 square-feet of space will be added to accommodate the company's needs. Rusty Bollow and Greg Hunter of Commerce CRG negotiated the lease. Ferguson employs 18,500 associates in over 1,000 locations in 50 states, the District of Columbia, Puerto Rico, and Mexico. It is headquartered in New Port News, VA. The landlord is M. Scott Fisher of Orem. (See also Utah Business Magazine)
Dixie Booming; Historic Growth Setting Records
- Land speculators, a wave of retiring baby boomers and second-home buyers are fueling the biggest real estate rush in the county's history, according to a report commissioned by the Deseret Morning News and prepared by James Wood, director of the University of Utah's Bureau of Economic and Business Research. (Morning News here, here, here and here)
3 Utah Regions Get ED Funds
- The U.S. Commerce Department's Economic Development Administration on Friday announced $153,000 for Utah economic development planning efforts. (Morning News)
Utah's Taxable Sales Increase of 11.1 Percent Best Since 1993
- Utah's $3.9 billion growth in taxable sales in 2005 is the highest in 13 years, reflecting an economy that should remain strong through 2006, according to a state report. (SL Tribune)
Kanab Businesses Issue Their Own Label
- Worried that their City Council's "natural family" resolution could leave them tagged as intolerant, unfriendly or worse, Kanab business owners are banding together and issuing their own label. (SL Tribune)
Hazardous Waste Firms' Merger to Move Ahead
- The U.S. Justice Department has decided there are no further antitrust issues to consider in the merger of Salt Lake City-based EnergySolutions with Duratek Inc. (SL Tribune)
Davis May Reach 440,000 by '30
- Kent Sulser, Davis County manager of economic development, said that by the year 2030 the county's population is probably going to top out at about 440,000 people. That, he said, is just another reason why the county needs to promote quality growth. (Morning News)
Sales-Tax Revenues Surging in Utah
- In-migration, children of baby boomers and higher spending habits are increasing the sales tax revenues in many Utah cities. (Morning News)
Office Space Tight in Downtown SLC
- The LDS Church's planned major renovation of its property in downtown Salt Lake City is putting a crunch on office space in the city. (Utah Business Magazine)
Glass Plant to Bring St. George 300 Jobs
- A glassmaking company made it clear Wednesday: It will put a new architectural glass fabrication plant in St. George. (Morning News) (Spectrum) (SL Tribune) (KSL)
Utah Job Outlook Remains Robust
- Utah's job-growth rate ranks among the top five states in the nation. (Herald) (SL Tribune)
Cedar City Council, RDA Approve Port 15
- Residents filled every seat in the Cedar City Council Chambers on Wednesday night during the Redevelopment Agency meeting, and while several asked questions, no one spoke against the Port 15 Economic Development Area. (Spectrum)
Businesses Win SLC Commerce Awards
- The Salt Lake Chamber of Commerce on Wednesday honored four organizations, including Cooper Roberts Simonsen Architects, which was named Small Business of the Year. (SL Tribune)
Growth of Hispanic Businesses Lags
- The growth of Hispanic businesses in Utah isn't even close to keeping pace with a nationwide spurt, according to a new U.S. Census Bureau report. (Morning News)
Latino Businesses Booming in Utah
- Utah's Hispanic and Latino population is growing exceptionally fast. If you drive around Salt Lake, Ogden or West Valley City, many Utah towns you may be noticing more stores and shops with signs in Spanish. (KSL) (Standard-Examiner) (SL Tribune)
Banking on Hill
- Science Applications International Corp. might be able to survive without Hill Air Force Base, but doing business with the base has helped the Layton-based engineering firm thrive. (Standard-Examiner)
Utah Jobless Rate Dips
- Utah's latest jobs numbers show signs of moderation, but a state economist said there is no cause for alarm. (Morning News)
Utah Wages Still Lagging Says Governor's Aide
- Even with a robust economy, the fifth fastest growing in the country, Utah's average wage continues to significantly trail the national average. (Clipper)
Preserve Land for Business so Residents Will Have Jobs
- Despite expanding employment and economic growth exceeding the state average, Davis County still cannot produce enough jobs to meet the needs of its rapidly growing work force. (Clipper)
The Leonardo Achieves $10M Bond Match
- The Leonardo officially announced that it has raised the $10 million match required to release a $10 million voter-approved bond. (Utah Business Magazine)
The EDCUTAH Economic Review is a weekly publication of the
Economic Development Corporation of Utah.
It is distributed to EDCUTAH partners and selected other government and
civic organizations interested in Utah's economic development. |








