Welcome To Utah March 18, 2010

1. Welcome To Utah March 18, 2010

2. Economic Development Corporation of Utah • edcUTAH • Creating jobs and capital investment in Utah • Public, private nonprofit partnership • Chartered in 1987 • Statewide representation • Partnered with State of Utah in January 2005 • 230+ members • 18 full-time staff

3. Governors Office of Economic Development • GOED • Business creation, growth and recruitment • Governor re-organized Economic Development Office • Clusters formed • GOED contracted with edcUTAH in 2005 • Solid partnership developed

4. Why Utah?

5. Why is Utah Hot? 1# Best Managed State Government – Pew Charitable Trust, 2008 Grading the States Utah #2 Best Business State –Pollina Corporate, 2009 “Rebuilding American’s Economic Power” Utah Ranked 3rd Best State for Business – Forbes.com, 2009 Best States for Business Salt Lake City 3rd Best Performing City in America – Milken Institute, 2009 Best Performing Cities Index Utah Ranked 5th for America’s Top Business States – CNBC, 2009 America’s Top States for Business Salt Lake City 7th Best City for Jobs – Forbes.com, Best Cities for Jobs in 2009

6. Why Utah? • Workforce • Young • Highly educated • Location • Crossroads of the West • Expertise in key Industries • Low Business costs and Business Friendly • Utilities and Taxes • Quality of Life

7. Demographics

8. Geography Overview Wasatch Front = 100 mile corridor • Weber, Davis, Salt Lake & Utah Population = 2.8 million Utahns • Salt Lake MSA – 1,099,459 • Ogden/Clearfield MSA – 515,355 • Provo/Orem MSA – 506,413 • St. George MSA – 138,428 • Logan MSA – 114,488 • Rural Utah – 271,320

9. Public Transit 3 Million+ Monthly Ridership TRAX Light Rail expansion East-West lines Downtown to SLC Airport Connecting cities in SLCounty FrontRunner expansion Salt Lake – Weber County Salt Lake – Utah County Source: UTA (Sep. 2009)

10. Key Demographics Youngest state in the nation 20% of Utah’s population is enrolled in grades K-12! Median age – 29 Highly educated 27% with college degree 91% with high school diploma Strong work ethic Average turnover rate – 11.2% Fewer sick days – 6th healthiest state Fewer work breaks – lowest percentage of smokers in the U.S. The Gateway Sources: Decision Data Resources, The Employers Council, United Health Foundation

11. Ready & Stable Workforce • 71% of in-state • Utah graduates stay in state • – Utah Foundation • 43% of out-of-state • Utah graduates stay in state • – Utah Foundation

12. High World Language Skill Set Facts: Residents speak 90% of the world’s written languages 60% of public school students study a world language 180 languages are spoken by U of U students 80+ language courses are offered at BYU 77% of BYU students speak a second language 47% of BYU students have lived outside the U.S. for 1+ years “Per capita, Utah is the most linguistically diverse region of the U.S.” -Time Magazine Sources: Utah State Office of Education, University of Utah, Brigham Young University

13. Competitive Forces

14. Business Focused Government • State Priorities: • Energy • Education • Economic Development

15. Business Focused Government Life Sciences Myriad Genetics ARUP Laboratories Nelson Labs Merit Medical Software & IT Omniture/Adobe EBay Disney Interactive Aerospace & Aviation Hill Air Force Base ATK Hexcel Corporation Outdoor Products & Recreation Salomon Rossignol Black Diamond • Defense & Homeland Security • Hill Air Force Base • ATK • Northrop Grumman • Financial Services • Zions Bank • Wells Fargo • Key Bank • Goldman Sachs • Energy & Natural Resources • Rocky Mountain Power • Questar Gas Corporation • Firstwind • Raser Technologies

16. Job Growth - Recovery “Utah projected as one of three states to have full recovery by 2011” -IHS Global Insight, June 2009 Source: Governor’s Office of Planning & Budget

17. Crossroads of the West • 3 major interstates • 1-day to 2-day delivery to western U.S. • Full-service customs port of entry • 2 major rail lines Source: 2003 Rand McNally Atlas

18. Convenient Airport Access & Travel Salt Lake City International Airport • 700+ daily flights • Direct to Tokyo & Paris • Delta’s 2nd largest hub • 10 min. from downtown Source: Salt Lake Airport Authority

19. Low Cost of Doing Business Source: Milken Institute (July 2007)

20. Low Cost of Doing Business Key Top 10 States Bottom 10 States

21. Greatest Snow on Earth Source: Ski Utah

22. Outdoor Activities • Utah is home to 5 national parks, 7 national monuments, • 2 national recreation areas, and 6 national forests • Arches National Park • Bryce National Park • Canyonlands National Park • Capital Reef National Park • Zion National Park Source: Utah Travel & Adventure

23. Cultural Activities • Home to a Wide Range of Cultural • and Performing Arts • Utah Symphony and Opera • Ballet West • Pioneer Theatre Company • Utah Shakespearean Festival • SUNDANCE FILM Festival • Repertory Dance Theater • Ririe Woodbury Dance Company • Egyptian Theatre • Mormon Tabernacle Choir • Children’s Dance Theatre Source: Utah Travel & Adventure

24. Examples ofRecent Success

25. Recent Expansions

26. Recent Expansions Project Donut – Duncan Aviation • 657 new aerospace/aviation jobs in Provo • $58 M in capital investment Project Hudson – Avalanche Software / Fall Line Studios • 565 new IT jobs in Salt Lake City • $15 M in capital investment Project Gold Rush – Procter & Gamble • 1,000 new manufacturing jobs in Box Elder County • $540 M in capital investment Project Jackrabbit – First Wind • 25 new energy (wind farm) jobs in Milford • $400 M in capital investment

27. Recent Expansions Project Topaz – eBay • 50 new IT jobs in South Jordan • $334 M in capital investment Project Flash – Reckitt Benckiser • 100 new distribution jobs in Tooele • $32 M in capital investment Project Heart – WorldHeart Corporation • 65 new & 35 retained life sciences jobs in Salt Lake City • $18 M in capital investment Project Wellspring 2 – Cephalon • 50 new manufacturing jobs in Salt Lake City • $18 M in capital investment

28. Recent Expansions Thank You Goldman Sachs