This is Derek Miller Speaking on Business. The Economic Development
Corporation of Utah – also known as EDCUtah – was established in 1987 to help
recruit businesses to our state. Theresa Foxley serves as president and CEO and is
here with more.
THERESA FOXLEY:
EDCUtah is a public-private partnership charged with attracting quality jobs and
increasing capital investment in the state. We execute on that mission through
research, business development, marketing, and community strategy.
When we were founded 30 years ago, Utah suffered from a brain drain, so
EDCUtah sought to attract companies from other states to help diversify our
economy. We’ve been successful! This last year, EDCUtah helped 35 companies
choose Utah. Those firms will create over 20,000 new jobs.
Today Utah has one of the most diverse economies in the nation and we’re
excited that 30 percent of the projects in our expansion pipeline are companies
already in Utah that are looking to grow.
To help in our in-state expansion efforts, we’ve set a goal of interviewing 60 Utah
companies this year about doing business in the state. Go to our website
EDCUtah.org to learn more or just give us a call.
DEREK MILLER:
The Salt Lake Chamber and the Economic Development Corporation of Utah work
hard to keep Utah thriving. Our efforts are working –Utah consistently ranks as
one of the best states for economic growth. I’m Derek Miller with the Salt Lake
Chamber, Speaking on Business.
Aired: August 16, 2022.