edcUTAH June 30, 2009
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Economic Review
Jeff Edwards, president & CEO of EDCUtahPresident's Message
Utah Boasts 7 Top Contractors in the U.S. -- EDCUtah Investors Layton, Big D, Jacobsen and R & O Among Those Ranked

Those of us involved with economic development in Utah are well aware of the state's good fortune to have so many high-quality and respected contractors in the state. It is also gratifying when that recognition is made nationally, which happened recently. In a report from Engineering News Record (ENR), the top 400 contractors in the country were ranked and Utah is fortunate to have three companies in the top 100, two of whom are EDCUtah investors. They are Layton Construction (EDCUtah investor), Big-D Construction (EDCUtah Investor) and Okland Construction. Also ranked in the top 400 were Jacobsen Construction (EDCUtah investor), R&O Construction (EDCUtah member), Clyde Co. and Wadman Construction.

I would personally like to acknowledge and thank David Layton with Layton Construction, Rob Moore with Big-D Construction, Lonnie Bullard with Jacobsen Construction and Dale Campbell with R&O Construction for their outstanding work and their support of EDCUtah. For the entire report go to: http://enr.construction.com/toplists/Contractors/001-100.asp

Today's Economic Review also includes links to many of the ED-related news stories from the past week. As always, if you have comments, suggestions or topics you'd like to see in the Economic Review, please contact us by clicking the "Comments" link on the bottom of this page. Enjoy!

Jeff Edwards

Jeff Edwards
President and CEO

In the News

Utah called second-best pro-business state
Utah is the second-best state in the country in creating a pro-business climate, according to a newly released rating by a geoeconomist and corporate relocation expert. (Salt Lake Tribune) (Daily Herald) (Deseret News)

Utah part of solar-energy study
Interior Secretary Ken Salazar announced Monday that close to 700,000 acres of federal land in Western states, including Utah, will be set aside as solar energy study areas to be evaluated for their suitability for large-scale solar energy production. (Deseret News)

USTAR capital investments expanding research capacity in Utah
People familiar with USTAR are aware of the significant building projects happening at Utah State University (USU) and the University of Utah (U of U). Both of these new interdisciplinary research centers will greatly enhance the state's ability to pursue innovative science and commercialization. (Utah Pulse)

High school students get biotech training
SALT LAKE CITY -- Utah has a history of biotechnology innovation, from developing the artificial heart to discovering genes using the Utah population database. Now, high school students are joining the state's thriving biotech industry. Kim Schuske reports. (KUER)

State law to end private club memberships at Utah bars
SALT LAKE CITY -- The bar business in Utah will see some major changes on Wednesday because a new law will take effect and the state will no longer have to require private club memberships. (Fox13) (Deseret News)

3 Utah contractors ranked in top 100
Engineering News Record (ENR) ranks three Utah contractors among the top 400 nationally. (ENR)

Editorial: Small-business owners need health care reform
New research shows that comprehensive health care reform that includes employers sharing responsibility for health care costs in exchange for coverage for everyone could ultimately save America's small businesses as much as $855 billion over the next decade. (Salt Lake Tribune)

Where are the renewable energy jobs
Everywhere you turn there is talk of a shift to renewable energy, of building wind farms and solar plants, of making buildings more efficient, of developing biofuels. And of billions in federal funding to help make it all happen. (Salt Lake Tribune)

Seven businesses set to open in South Jordan's Daybreak community
Inhabitants of the Daybreak planned community in South Jordan, now numbering 8,000 people, are finally getting some commercial and retail company. (Salt Lake Tribune)

Nearly $50M for public transit in Utah
The federal government has disbursed another round of stimulus funding — $49.4 million for the Utah Transit Authority and St. George's public transit service, SunTran. (Deseret News)

Crews laying groundwork for Provo train
Nearly a quarter of the contract work to build FrontRunner commuter rail from Salt Lake City to Provo is complete, but there's plenty of heavy lifting to come. (Salt Lake Tribune)

Editorial: Tourism money well spent
Tourism is a major economic engine in Utah. But getting many residents to understand that can be a challenge. The Utah Tourism Industry Coalition estimates that last fiscal year the state invested $11 million in tourism marketing. (Standard-Examiner)

Hunting expo back in S.L. next year
The Salt Lake Convention & Visitors Bureau has booked the return of the annual Western Hunting & Conservation Expo to Salt Lake in 2010. (Deseret News)

Calendar

August 10-13
AUVSI -- Washington, D.C.

September 16
EDCUtah Annual Meeting -- Grand America Hotel, Salt Lake City (breakfast meeting)

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The EDCUTAH Economic Review is a weekly publication of the Economic Development Corporation of Utah. It is distributed to EDCUTAH partners and selected other government and civic organizations interested in Utah's economic development.

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Feature Story
Introducing 201 Commerce Center: A Premier, 'Class A' Light Industrial Business Park

Demand for industrial space has tapered off over the past six months, but when the market heats up again, 201 Commerce Center, a premier Class A light industrial business park in West Valley City, will be ready to show off its charm.

201 Commerce Center is being developed by the Argent Group—the same organization that developed the 1.7 million square-foot, 120-acre master planned RiverPark Corporate Center in South Jordan. As such, 201 Commerce Center is a fully landscaped, master planned, light industrial business park encompassing 1.8 million square feet of space on 86 acres, with expansion options to 135 acres, says Vice President Terrell Sparks. At full build-out the park will include approximately 29 buildings with spaces divisible down to 4,800 square feet in customizable designs that will accommodate showroom, office, warehouse and distribution businesses. The park is ideally located next to Bangerter Highway and SR 201 at 4300 West and 2100 South. The location provides easy access to the I-15 and I-80 transportation corridors and the Salt Lake International Airport.

201 Commerce Center offers Class A light industrial space in an ideal location.
201 Commerce Center offers Class A industrial space.

Tom Dischmann, senior vice president at real estate broker CB Richard Ellis, says there isn't a light industrial park in the state that will have as many quality buildings with the flexibility and sustainable design offered by 201 Commerce Center. "This will be the premier light industrial park in the state," he adds.

Among 201 Commerce Center's unique points is the environmental sustainability that has gone into its design—from the landscape to core and shell construction. "We're doing everything to LEED standards," says Sparks. The Leadership in Energy and Environmental Design (LEED) Green Building Rating System™ encourages and accelerates global adoption of sustainable green building and development practices through the creation and implementation of universally understood and accepted tools and performance criteria. 201 Commerce Center's first building, constructed for Quartzdyne, Inc., is expected to receive LEED Silver certification, due in part to efficiencies in the building's construction and landscape design, efficient use of supplies and materials, and handling of construction waste. The building features parabolic GPS-guided skylights that rotate with the sun to fill the building with natural light throughout the day, while bioswales were designed into the landscape to remove silt and pollution from surface runoff before the water reaches storm drains.

Sparks hopes Quartzdyne, Inc.'s commitment to sustainable green building will be adopted by future tenants as well. "The core and shell of every building in the park will be LEED certified, so that we are prepared for any tenant with a commitment to environmental sustainability," he says.

Sparks expects it may be a 10 years before 201 Commerce Center is fully built out, depending on the economy and the absorption of existing industrial space. The Quartzdyne building completed phase one and it is 100 percent occupied, he says. Construction on phase two is expected to begin some time in 2010 and will feature three buildings comprising nearly 190,000 square feet of space. Additional buildings will be constructed based upon demand and absorption.

Dischmann says the park will cater to industrial tenants requiring from 5,000 to 25,000 square feet of space. "That's the range of space required by the greatest number of light industrial tenants, so the park was designed with those kinds of tenants in mind," he adds. Each building will feature a minimum clearance of 24 feet, with a minimum of two dock-high doors and one drive-in door per 4,800 square feet of space. Each building will also include generous glass for storefronts, adequate parking and access to dedicated ground for overflow trailer storage.

Business leaders and economic developers that have visited 201 Commerce Center say it is "just what Utah needs," according to Sparks. "Everyone thinks it's a great project in the perfect location."

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