Economic Development Corporation of Utah (EDCUtah)

EDCUtah Builder’s Circle investors like Okland Construction are dedicated to enhancing Utah’s quality of life. Okland Construction is a leading provider of construction management and general contracting services, committed to building high-quality commercial, institutional, and industrial projects that contribute to the development and growth of communities. With a focus on sustainability, safety, and innovation, Okland delivers projects that meet the evolving needs of Utah's infrastructure. Thank you to Preston Gardner Tim Conde Brett Okland Dave Francom& Jeremy Blanck for meeting with the team to discuss opportunities for collaboration!

Salt Lake County’s life sciences industry is experiencing robust growth, contributing significantly to the region’s economy. A new research brief from the Gardner Institute shows the industry generated an estimated $5.8 billion in GDP in 2023, representing 5.1% of the county’s total GDP and $9.3 billion in total output.

Congratulations to Beaver County! In October, Fervo Energy broke ground on power plant construction at Cape Station, an enhanced geothermal energy production project located northeast of Milford City, Utah. Enhanced geothermal utilizes horizontal drilling technology to produce more energy than previously available with traditional geothermal power development. Cape Station is slated to produce 400 megawatts of power in the first two phases of the project, and Phase I will begin delivering around-the-clock power to the grid in 2026. Fervo has already hired three full-time staff from the local community and will create hundreds of temporary construction jobs in the coming years. Fervo anticipates that, when complete, Cape Station will employ up to 30 full-time permanent workers. "Fervo Energy's commitment to Beaver County and Milford City sets the gold standard,” said Jen Wakeland, strategic development director for Beaver County. “They are community-oriented players who know the value of energy production in a community. We are thrilled to have them here in Beaver County." The company’s announcement resulted from collaboration among Beaver County, EDCUtah, the Utah Inland Port Authority, and the Utah Governor's Office of Economic Opportunity. https://lnkd.in/gGFKhGGv

Earlier this month, EDCUtah's Board of Trustees confirmed the appointment of its FY 2025 officers: Tom Morgan of Zions Bank; Jason Hill of Rio Tinto Kennecott; Mayor Dirk Burton of West Jordan; Dan Richards of Select Health; and Judd Cook of Enbridge. The board also welcomed four new members. Read more here: https://lnkd.in/gqfywXPr

Check out this awesome update from Ben Saada of Fairmat. The company chose to expand in Salt Lake City, Utah, after working with EDCUtah, Salt Lake City Corporation, UAMMI (now the 47G UAMMI Institute), and the Utah Governor's Office of Economic Opportunity. Fairmat's carbon fiber recycling facility is the first of its kind in the U.S.!

Join us at Utah Olympic Park on Nov. 20, from 6 to 9:30 p.m., for a unique opportunity to showcase Utah as a global business destination and two-time host of the Olympic and Paralympic Games. EDCUtah is hosting a dinner reception for six national site selection consultants who support corporate expansion and relocation projects, and we'd love your participation! As an event sponsor, your organization will gain valuable facetime with the site selection consultants who bring corporate expansion projects to Utah. We’ll be joined by Utah business and community leaders, as well as Fraser Bullock of Salt Lake City-Utah 2034 and Olympic athletes such as Ashley Caldwell, Chris Mazdzer OLY, Megan Nick, and Justin Schoenefeld. Sponsorships are available on a first-come, first-served basis. Email connect@edcutah.org by Nov. 1 to participate!

Central States Manufacturing announced an expansion in Tooele City in June 2023, after working with EDCUtah and several Utah partners to evaluate locations for their next manufacturing facility. Just over a year later, we caught up with CEO James Sliker to learn more about the company’s values, its employee-owned business model, and why it selected Utah and Tooele City for its expansion. Tooele City Corporation

Central States Manufacturing announced an expansion in Tooele City in June 2023, after working with EDCUtah and several Utah partners to evaluate locations for their next manufacturing facility. Just over a year later, we caught up with CEO James Sliker to learn more about the company’s values, its employee-owned business model, and why it selected Utah and Tooele City for its expansion. Tooele City Corporation

Join us at Utah Olympic Park on Nov. 20, from 6:00 p.m. to 9:30 p.m., for a unique opportunity to showcase Utah as a global business destination and two-time host of the Olympic and Paralympic Games. As an event sponsor, your organization will gain valuable face time with national site selection consultants who bring corporate expansion projects to Utah.   What’s a site selection consultant, you ask? These third-party consultants specialize in supporting companies that want to expand or relocate their operations to a new location. Site selection consultants are critical stakeholders in the corporate expansion process, and they are deeply influential when it comes to which markets companies choose.    You’ll have the chance to network with Olympic athletes, Utah business leaders, and site selectors from across the U.S. You’ll also have access to explore the Alf Engen Ski Museum for the evening! Sponsorships are available on a first-come, first served basis. Email connect@edcutah.org by Nov. 1 to reserve your sponsorship.

Congratulations to Lakeshore Learning Materials on receiving the Rural Investor Award at the One Utah Summit! This award highlights their incredible commitment to Utah’s rural economy, including the development of a 400,000-square-foot distribution center in Garland, UT that will create hundreds of jobs and enhance the state’s logistics infrastructure. An EDCUtah project, Lakeshore Learning was supported by many Utah partners on their expansion, including Box Elder County, Utah Inland Port Authority, Utah Governor's Office of Economic Opportunity, Millstream Partners, CBRE, and ARCO Construction Company, Inc.