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Point of View : Why a business should invest in Utah.

Contact :   TEL   847-304-4655

Bruce Donnelly   bruce@gdi-solutions.com    (Biography)

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Introduction

"Why should a business invest in Utah?"

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 topic.

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 Utah.

The article below about the competitive site selection advantages for business investment projects, and the support services provided as companies grow in Utah, is from :

Jeff Edwards, President & CEO

EDCUtah - Economic Development Corporation of Utah

TEL 801-328-8824     jedwards@edcutah.org

www.EDCUtah.org

EDC Utah : News   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 directories, including site selection consultants.

Similar articles are also available from other state economic development agencies.

See : The Long List : Why Invest In This Business Location?  and www.OnTheShortList.com

Please 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 need to find for your project, and we will help you in confidence.  Our role is like a concierge who organizes market knowledge and an extensive network of contacts for quick, flexible, and private response to diverse needs through research and well-qualified referrals.

If you find this article or related content to be helpful, please let them know how you found it.  We also welcome comments and suggestions to improve such articles and our research work.

 

Relevant reciprocal links to this article or other content on this website are welcome.

The GUIDE content below reflects our own research work among local areas in the state.

We also make it easy to search the content of fDi magazine - published by FT Business of the Financial Times group.  Try fDi Links, or just pick their "radio button" in the custom Google site search box on the home page at www.OnTheShortList.com or on this website. We handle US advertising sales and related marketing work for fDi magazine.  Refer to our profile of fDI magazine for more information, including highlights of back issues and future editorial and event plans, and examples of past advertisers.

state economic development logo, banner, or thumbnail ad image(s) not available to publish here at this time

Ad Recall : fDi magazine

Executive Summary : Why invest in Utah?

Download WhyUT.pdf 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).
  • Youngest population in the nation = sustainable workforce for today and future generations.
  • Educated workforce (4th highest percentage with high school degree).
  • Crossroads of the West:
    • Within 2.5 hour flight from half of U.S. population, via Salt Lake City International Airport
    • 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 Business Research).
  • Utah ranks 4th nationally for its low cost of labor (Business Facilities Magazine, 2005).
  • Salt Lake City ranked #1 Best Place to Live (Outside Magazine, Aug. 2005)
  • Utah’s commercial and residential real estate costs are well below the national average, as is its crime rate.
  • World-class universities and colleges.

Area Reports : Field Research

- none at this time

 

Area Profiles : Basic Research

- none at this time

 

Area Surveys : Local Summary

- none at this time

 

Consultants, other professionals

- Utah professionals directory

- other directories of professionals

- business location consultants

 

Available consultant reports

- none at this time

Utah 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

 

Event Recall - places to meet

- BIO 2007, Boston www.bio.org

- CoreNet Global Summits - US

 

Business Incentives

- UT Incentives information

- Incentives research sources

- Incentives consultants

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 in between.

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.

Tax information

- Utah Tax Commission

 

Governor - see US directory

www.utah.gov/governor/

Jon Huntsman, Jr.

 

Tourism information sources

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. 

Existing Companies, Clusters

- UT : list of major employers

- US Mountain region companies

 

Sites, Buildings, Business Parks

- UT : commercial property list

- CRE Search

- Featured properties - none

 

Science 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 EDCUTAH, visit www.edcutah.org or call 801-328-8824.

FTZ's - Foreign-Trade Zones

- FTZ directory

 

BRAC - military base closures

- BRAC directory

 

Rail, Ports, Airports

-

 

Labor Market

Demographic and cost data

Utilities information

GIS map presentations

The above article was provided by :

Shawn Stinson
Director of Communications
Economic Development Corporation of Utah
201 South Main Street, Ste. 2010
Salt Lake City, UT 84111
Direct: 801-323-4243
www.EDCUTAH.org

Please let him know if you found this article to be helpful, or if you have suggestions for improvement.

PR : Project Announcements

- UT : news, press releases

- US Mountain region projects

 

Tourism

- see Utah professionals directory

 

Residential Real Estate

- see Utah professionals directory

- national directory of resources

Latest update to the above article : April 28, 2006   EDCUtah replied quickly to our request for such articles relative to other states. The above is GDI-Solutions content.
If quoting the above material, please cite the state organization and contact as the original source, and that it was found through www.gdi-solutions.com .   For more local area information, refer to our Utah directory 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.

Questions or Comments?

Contact : Bruce Donnelly

TEL 847-304-4655 Chicago

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.
Our 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 tool. Similar research tools are the Area Search (areas within states), CRE Search (commercial real estate), Event Search (associations, trade shows), and Media Search (publications).
We also 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.

Our 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 general.

The focus of our work, however, is to provide personal response to business enquiries which are relevant to this field.  Please contact us for assistance with business expansion plans.

Feedback from our visitors  (Refer also to our general Guest Book)

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With permission, we may selectively share comments below by executives and professional advisors with relevant experience at the planning and management of business operations in the state.  This includes executives who may have carefully considered potential investment in the state, such as to set up new offices, factories, distribution, R&D operations, etc.

In particular, we welcome comments which provide significant additional insights into the basic question posed by us to the state officials : Why invest in this business location?

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