CEO Guide to Site Selection

Utah

BUZZING ECONOMY GROWTH IN THE BEEHIVE STATE

While tourists come to Utah for natural beauty in places like Zion, Canyonlands and Bryce Canyon National Parks, CEOs are flocking to the state for its favorable business climate and quality talent. An October 2022 report by the University of Utah’s Kem C. Gardner Policy Institute found the engineering and computer science workforce now generates $19.1 billion and represents more than 12% of the state’s economy. Job growth in the sector is expected to exceed other occupations through 2028. Morgan Stanley, Jabil and Campbell Scientific have all announced projects here in the past few years.

“Don’t let anyone tell you the world is worse today. The world is in a great place. We have stuff to fix, and we can fix it together…. We can solve every single problem that we’ve ever faced. There are more jobs available right now than ever before in our state’s history.”
Spencer Cox
Governor

TAXES

0 %

top corporate income tax

# 0

on the Tax Foundation’s State Business Tax Climate Index ranking

EDUCATION

0 %

of adults 25 years of age and older graduated high school

0 %

of adults age 25 and older have a bachelor’s degree or higher

UNEMPLOYMENT RATE

0 %

RIGHT TO WORK STATE

Yes

QUALITY OF LIFE

# 0

POPULATION GROWTH

0 %

increase between 2010 and 2020

KEY INCENTIVES

Economic Development Tax Income Finance Credit: Offers a refundable tax rebate for up to 30% of new state revenues, over the life of the project, for companies relocating or expanding their operations.

Industrial Assistance Account: A post-performance grant for companies that create at least 50 jobs in urban counties and pay at least 110% of the county average wage.

Utah New Market Tax Credit: Awarded to businesses that relocate or expand to the most severely distressed areas of the state.

Technology and Life Science Tax Credit: Qualifying technology and life science investors may receive a post-performance nonrefundable tax credit for up to 35% of their investment over three years.

EDCs

Utah Governor’s Office of Economic Opportunity

business.utah.gov

Economic Development Corporation of Utah

edcutah.org

Salt Lake City Economic Development

slc.gov/ed

City of Provo Economic Development

provo.org/departments/economic-development

HIGHLIGHTED PROGRAM OR INITIATIVE

The Center for Economic Opportunity & Belonging (CEOB) at the Economic Development Corporation of Utah (EDCUtah) was launched in June 2021 to serve as the private sector’s commitment to work alongside government and communities of color to advance the principles outlined in the Utah Compact on Racial Equity, Diversity and Inclusion (the Compact). CEOB recently founded the Utah New Americans Task Force, which is developing a comprehensive, multilayered, actionable strategic plan to maximize the economic, social and civic potential of new Americans and build an environment of belonging in Utah.

BIG DEALS

  • Global manufacturing firm Jabil announced in April 2022 a $10 million expansion and 150 new jobs in rural Utah.
  • Campbell Scientific announced in April 2022 a $40 million expansion and 268 new jobs in Logan.
  • Allegiant Travel announced plans in April 2022 to establish a $95 million aircraft base and create 157 jobs at Provo Airport.
  • Breeze Aviation Group announced in May 2022 an $8.2 million expansion and 78 new jobs.
  • Lineage Logistics Holdings announced in August 2022 a $125 million logistics facility and 96 jobs in Grantsville.
  • Apparel brand Lions Not Sheep announced in September 2022 that it will move the company’s headquarters and create 70 jobs in Salt Lake City.
  • Morgan Stanley announced in October 2022 a $1 mil- lion expansion and up to 800 new jobs in Utah.

BIG COMPANIES

  • Zions Bancorporation (Fortune 1000 headquarters) 
  • Overstock.com (Fortune 1000 headquarters) 
  • Nu Skin Enterprises (Fortune 1000 headquarters) 
  • PROG Holdings (Fortune 1000 headquarters) 
  • SkyWest Airlines (Fortune 1000 headquarters) 
Roundtable

Strategic Planning Workshop

1:00 - 5:00 pm

Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process

Executives expressed frustration with their current strategic planning process. Issues include:

  1. Lack of systematic approach (70%)
  2. Laundry lists without prioritization (68%)
  3. Decisions based on personalities rather than facts and information (65%)

 

Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns.  They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning.  Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process.  This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented.  If you are ready for a Strategic Planning tune-up, select this workshop in your registration form.  The additional fee of $695 will be added to your total.

To sign up, select this option in your registration form. Additional fee of $695 will be added to your total.

New York, NY: ​​​Chief Executive's Corporate Citizenship Awards 2017

Women in Leadership Seminar and Peer Discussion

2:00 - 5:00 pm

Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations. 

Limited space available.

To sign up, select this option in your registration form. Additional fee of $495 will be added to your total.

Golf Outing

10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS

General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.

The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.

To sign up, select this option in your registration form. Additional fee of $295 will be added to your total.