2009-10 – Three Years and More than 16,000 Jobs (23 of 30)
In the 2009-10 fiscal year, 18 companies announced plans to expand or relocate to Utah leading to a total of 4,675 new or retained jobs and $350 million in capital investment. Momentum from the Composite Materials, Life Science, and Financial Services industry clusters helped close deals on major projects such as Conductive Composites Company, Edwards Lifesciences, and a second Goldman Sachs expansion.
In September 2009, Goldman Sachs announced plans to add another 690 jobs to its regional headquarters, following on the heels of the company’s expansion in the 2007-08 fiscal year. Shortly after announcing these plans, the organization made a second major and exciting announcement: they would be moving from their space at the University of Utah’s Research Park to the now iconic 222 South Main Street location. "Salt Lake City is an important part of our business, and we are proud to be expanding and building more opportunities in this community," David Lang, managing director of Goldman Sachs, said at the time of the expansion plans.
Despite the economic recession the country was facing, EDCUtah maintained a high level of economic development activity throughout the year, finishing with a total of 337 open projects, up from the previous year. The three years from 2007 to 2010 were marked by significant employment growth in Utah, with more than 16,000 jobs created or retained through relocation and expansion efforts within the state. EDCUtah played an instrumental role in this process providing those companies considering Utah with essential information about the area and business climate. In addition to providing data on the state, EDCUtah took representatives from companies and site selectors on site visits to see the locations being considered and provide a better sense of the communities they were considering. The business development team hosted a total of 136 sites visits, 99 of which were for national projects, and 73 SURE (Select Utah Real Estate) Sites were visited in connection with projects.
Providing data crucial to the decision making process and hosting site visits continue to be central to EDCUtah’s recruiting efforts. The business development and research teams provide companies looking at Utah with up-to-date information about the state and sites for which they may be a good fit, and continue to win over world-class companies with the great Utah story.