The Rural Utah Outlook Statewide Business Services and Economic Development

P r e s e n t e r :

Christopher M. Conabee Managing Director

Corporate Recruitment

G o v e r n o r ’ s O f f i c e o f E c o n o m i c D e v e l o p m e n t

A Governor’s Vision

Utah will lead the nation as the best performing economy and be recognized as a premier global business destination.

1. Strengthen and Grow Existing Utah Businesses, Both Urban and Rural

2. Increase Innovation, Entrepreneurship and Investment

4. Prioritize Education to Develop the Work-force of the Future

3. Increase National and International Business

The Four Objectives of

Utah’s Economic

Development Plan

Here to Help

Rocky Mountain Power, Sigurd-Red Butte Ground Breaking

GOED’s Statewide Toolbox Business Resources • Outdoor Recreation

Tourism • Rural Development

San Rafael Swell

A close alignment of GOED’s multiple statewide resources will improve

collaboration in the long term and help Utah’s unique communities achieve their year-round economic development and job growth objectives.

Rural Development Off ice

Main Street Springville

Cattle Ranch Near Salina

Utah’s Rural Toolbox • Governor’s Rural Partnership Board • Rural Fast Track • Enterprise Zones • Targeted Economic Clusters

• Energy Development • Aerospace and Defense

2013 Realignment Effort

Promontory (ATK) Delta

Milford Green River

FAA UAS Site Selection

Utah Focus

• UAS is part of Utah’s Aerospace & Defense cluster strategy. • Statewide test range sites strategically support rural economic development, academic research and industry objectives

Mountain West Unmanned Systems Alliance (MWUSA):

Academia and industry partnership, provides statewide focus

UTTR: Utah Test and Training Range MOA: Military Operations Area UASTS(S): Unmanned Aircraft Systems Test Site Selection

Business Resource Centers

Personalized Business Help

USTAR &

TCIP

PTAC SBDC* 13 Statewide One Stop Shops for:

Entrepreneurs Manufacturing Expansion Client Tracking Technical Education Networking Special Training Access to Funding And More…

*Procurement Technical Assistance Center *Small Business Development Center *Utah Science Technology and Research Initiative Technology Commercialization and Innovation Program

N e x t : A C l o s e r l o o k a t P TA C

Utah Supplier Development Council/PTAC Small Business Vendor Fair

Procurement Assistance

Economic Plan Objectives 1,2,3 • BID Match software to find

opportunities. • One-on-one counseling • Workshops and Conferences • Registration Assistance • Networking facilitation • Contracting Partnerships: • 8(a) / Hub Zone Opportunities

$78 $297 $278

$3,322

$148 $364

$2,440

$4,980

$110 $427

$1,144

$5,946

$171

$829

$1,296

$6,473

$-

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

$7,000

Incentive Amount New State Revenue Capital Investment New State Wages

Mill

ion

s

2010 2011 2012 2013

EDTIF Comparison FY 2010-2013

Corporate Recruitment

Futura Industries

Corporate Recruitment & Results: Jobs

4,222

7,638

9,065 9,289

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

Job

s

Year

EDTIF Jobs Incented FY 2010-2013

2010 2011 2012 2013

Ripple Effect of Incentive: Halfway to 100,000 Jobs at Exelis

Chair Spencer P. Eccles

GOED Mel Lavitt - Chair

World Trade Center Utah Scott Anderson - Chair

USTAR – Dinesh Patel Chair Governing

Authority

Fund of Funds Will West - Chair UCIC

EDCUtah Rich Walje - Chair

Natalie Gochnour Apptd. By Governor

Rob Behunin Apptd. By Governor

Pat Richards Apptd. By Governor

Randy Shumway Apptd. by Governor

Governor’s Rural Partnership Board Spencer Cox - Chair

Governor’s Economic Council

Acceleration of 100,000 Jobs in 1,000 Days

Utahjobsplan.com

Salt Lake Center For Science Education Student Demonstration at Prosperity 2020 Event

STEM Education

Economic Development Objectives 2,4

Statewide Talent Pipeline • Utah Cluster Acceleration Partnership (UCAP) • USU Regional Campuses & Distance Education (RCDE) • BioInnovations Gateway • Science, Technology and Innovation Plan (STIP) • Experimental Program to Stimulate Competitive Research (EPSCoR)

Lieutenant Governor Greg Bell at the 1st Annual Multicultural Youth Leadership Summit

U t a h O f f i c e o f Multicultural Affairs

Economic Development Objectives 1,4 Multicultural Affairs Mission: Promote a climate of inclusion by facilitating strategic partnerships between the ethnic community, community leaders, state agencies, and state government to provide targeted opportunities and resources.

Applied Mission • Diverse Outreach Program • Strengthen Partnerships • Deepen Collaboration • Address Unique Community

and Cultural Needs • Apply Economic Objectives in

Utah’s Diverse Regions • Achieve Governor’s Vision

Torrey’s Historic Schoolhouse

Building on Our C o m b i n e d H e r i t a g e

Greater Than the Sum of Its Parts

State of Opportunity

Long-term holistic planning focus on: • Statewide Economic Development • Diversified Economy and Exports • Physical Infrastructure • 10-Year Strategic Energy Plan • Multiple Top State Accolades • Broadband Connectivity

Top-Ranked Connectivity

Tara Thue Project Manager Utah Broadband Project