| "Why should a business invest
Utah state economic development
professionals who are responsible for the attraction of business investment
and providing site selection assistance to executives and their consultants
were invited in April 2006 to provide an informative article on this simple
We publish their
point of view below for convenient reference. This reflects their local
market knowledge, project experience, and selective facts about their state business environment
and the competitive business investment climate in their region as presented below.
Additional comments and
research suggestions follow their article.
Who to contact for business investment projects in
article below about the competitive site selection advantages for business
investment projects, and the support services provided as companies grow in
Utah, is from :
President & CEO
Economic Development Corporation of Utah
EDC Utah :
for project announcements or other state PR
EDC Utah :
Buildings and sites
for commercial real estate searches
|Local business clusters can also be researched through
our Utah directory of economic development agencies or other
are also available from other state economic development agencies.
The Long List : Why Invest In This
Business Location? and
contact us for assistance with business expansion project plans
anywhere. Global Direct Investment Solutions is an independent service
for executives and their advisors.
Tell us what you
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The GUIDE content below reflects our own research work among
local areas in the state.
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Executive Summary : Why invest in
copy of this article. Published April 28, 2006
GUIDE content : GDI-Solutions
A few reasons to invest in or
move a company to Utah:
- Ranks 2nd in
the nation for business/economic competitiveness (Beacon Hill Institute,
2005 State Competitiveness Report).
population in the nation = sustainable workforce for today and future
workforce (4th highest percentage with high school degree).
- Crossroads of
- Within 2.5
hour flight from half of U.S. population, via Salt Lake City
Intersection of I-80 and I-15, with I-70 originating from central Utah
- Rail lines
link Utah to major seaports such as Los Angeles, Oakland, Portland and
Seattle, as well as many other key locations throughout the country
- Utah ranks in
the top 10 nationally for the lowest cost per kilowatt-hour, and 3rd
lowest in the Western U.S. region.
- Utah is the
fastest growing state for women-owned businesses (Center for Women’s
- Utah ranks 4th
nationally for its low cost of labor (Business Facilities Magazine,
- Salt Lake
City ranked #1 Best Place to Live (Outside Magazine, Aug. 2005)
commercial and residential real estate costs are well below the national
average, as is its crime rate.
universities and colleges.
Reports : Field Research
- none at this
Profiles : Basic Research
- none at this
Surveys : Local Summary
- none at this
Consultants, other professionals
- other directories of
business location consultants
- none at this
Elevates Your Investment!
Following months of
focus groups, meetings and planning, Utah recently launched its new branding
campaign, along with its new slogan: “Life Elevated.” All states have
slogans, some catchy and some not, but few capture the true essence of what
that state actually offers its residents as well as its visitors. Or, in
this case, possible investors.
At first glance, Life Elevated appears a bit trite,
too grandiose or too contrived to be genuine when attempting to capture the
essence of an entire state with just a few words. Add to that a large,
western state encompassing the dichotomy of the Rocky Mountains, high desert
and a thriving metropolitan corridor, and the simplicity of using such a tag
line to embody such a state seems futile. Upon deeper reflection, however,
Life Elevated is just what Utah offers its citizens, visitors and
potential investors alike, and in all aspects of life.
|Ad Recall -
state and local ads
- Utah Ad Recall
Recall - places to meet
BIO 2007, Boston
CoreNet Global Summits - US
Utah has fast become one of the nation’s top vacation
destinations offering myriad recreational opportunities, from skiing “The
Greatest Snow On Earth” to cycling the Mecca of mountain biking in Moab,
from hiking in one of the state’s five national parks to taking in the
magnitude and beauty of the Grand Canyon from its north rim, and everything
Add to its natural beauty and quality of life offerings
Utah’s industrious and educated workforce, available and affordable land,
inexpensive utility rates, and accessibility to and from anywhere in the
country and you have what many companies have recently discovered: Life
Elevated refers to all aspects of the state and its offerings.
Utah Tax Commission
- see US directory
Jon Huntsman, Jr.
In Utah, elevating life means elevating industry, in
particular those industries the state has an existing area of core
competencies in emerging or mature sectors. As with any successful company,
the state knows its shortcomings as well as its strengths, and it’s these
strengths the state plans to build upon for its future success and the
success of those companies that already do, or soon will, call Utah home.
Utah’s targeted industries and economic clusters, those
with a solid foundation on which to build, include life sciences, software
development & information technology, aerospace, defense and homeland
security, financial services, energy and natural resources, and competitive
accelerators, not the least of which is quality of life. Of course, Utah
also excels in additional economic factors, such as manufacturing and
distribution, but appreciates the future success of the state lies within
our economic cluster initiative.
- UT : list of
US Mountain region
Buildings, Business Parks
- UT :
Featured properties - none
Parks and Incubators
Technology parks directory
|Should you or your client want to experience an elevation
gain in business profitability and lifestyle, contact the Economic
Development Corporation of Utah (EDCUTAH), the one-stop source for all
aspects of economic development in Utah. EDCUTAH is an investor-based
public/private partnership working with government and private industry to
promote the state of Utah. EDCUTAH specializes in being a comprehensive
source of critical economic data and key public/private contacts in order to
facilitate the recruitment of out-of-state companies and spur the
development and expansion of local businesses. For more information on
www.edcutah.org or call 801-328-8824.
military base closures
and cost data
article was provided by :
Director of Communications
Economic Development Corporation of Utah
201 South Main Street, Ste. 2010
Salt Lake City, UT 84111
Please let him know if you found this article to be
helpful, or if you have suggestions for improvement.
- UT : news, press releases
US Mountain region
directory of resources
to the above article : April 28, 2006 EDCUtah replied quickly to our request for such articles
relative to other states.
||The above is
|If quoting the
above material, please cite the state organization and
contact as the original source, and that it was found through
For more local area information, refer to our
of economic development agencies and chambers of commerce, or our directory
of professional service
providers in Utah, or refer to our
US Mountain Region
directory for additional sources of information.
This article was prepared by professionals who are responsible for the attraction of
business investment projects to the state, such as for new offices,
factories, distribution centers, etc. These articles are not edited to
reflect our own research, experience, or point of view, nor do we validate
the assertions which they have made in the article, or make any warranty about such
content. We provide other content and links through our independent
GUIDE research work.
Please let us
know if there are other topics which you would like these articles to cover,
or if you feel that any updates or corrections are needed.
Comments based upon experience as an executive or professional service
provider responsible for the planning
of investment projects anywhere are welcome. We also welcome other
professional research reports which we can summarize and make available
through links to relevant websites where they are published.
USA Search feature at
www.OnTheShortList.com can be used to selectively search the
websites of US state economic development agencies as a convenient research
||Similar research tools are the
(areas within states),
(commercial real estate),
(associations, trade shows), and
maintain many reference directories
of economic development agencies, professional service provides, and topics
of common interest for capital investment project planning.
This includes directories of project announcements, property
listings, incentives information, labor market information, and many other
resources to facilitate project plans.
Research directory provides
links to many sources of information and data which may be helpful to
executives for capital investment project plans and quick reference in
The focus of our work, however, is to
provide personal response to business enquiries which are relevant to this
contact us for assistance with business expansion plans.
from our visitors (Refer also to our general
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