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In a recent Trendlines magazine article, Lecia Parks Langston talks about the fluidity of the labor market and new hire data from the Local Employment Dynamics (LED) program.

Annual Utah Economic Review

Fri, 30 Dec 2011

The Utah Economic Council will share its forecast for the coming year, and Gov. Herbert will share his economic guidance and insights.

Webinar details: Tuesday, January 10, 8am (MST) This Event is Free. Speakers will include senior commercial officials from the U.S. Mission in Vietnam.

Utah's Fossil Fuels

Fri, 30 Dec 2011

Utah?s geography and geologic history have granted the state abundant and diverse natural resources, including fossil fuels such as coal, oil, and natural gas.

Learn proven market strategies to succeed in the challenging but profitable European market (27 countries, 500 million customers). Free seminar: Thursday, January 19, 2012, 12pm

2011 has been a banner year for international trade in the state of Utah! We are pleased that Utah is still the only state in the US to double its international exports in the last 5 years. And these Utah exports are creating Utah jobs?higher paying, longer lasting, and higher skilled jobs. So far this year, our Utah exports are already 38% above last year?s record, and on the way to Governor Herbert?s goal to double exports again in the next five years.

Russia?s WTO accession will create new opportunities for Utah?s companies and workers to export goods, such as agricultural products, machinery, and building products, as well as services, to Russia.

On Tuesday, December 6, 2011, Governor Gary R. Herbert announced the results of a comprehensive review of all of Utah?s business regulations and the release of the report, Utah Business Regulation Review.

Earth Day Awards are presented each year to companies, organizations or individuals who go beyond what is required by regulation to protect the environment while developing Utah?s natural resources. Awards are presented in each of three areas: oil and gas, minerals mining, and coal mining.

Utah Valley University provides a return of $7.97 for every state dollar invested for an annual economic impact of $534 million, according to a recently concluded study by Jack Faucett Associates, Inc. UVU?s return on investment to the state?s economy has increased by 21 percent over the past five years.

Eligible Applicants: Small businesses defined as having less than 500 employees. Have been turned down for traditional credit resources. Application sponsored by a participating financial institution.

USDOT Secretary Ray LaHood announced an agreement to provide $116 million from the Federal Transit Administration (FTA) to extend TRAX light rail transit service from downtown Salt Lake City into the suburb of Draper.

Tourism revenue is up in Utah and more out-of-state visitors are coming to vacation in the state, according to information released by the Utah Office of Tourism, an agency of the Governor?s Office of Economic Development.

His Excellency Duk-Soo Han, Ambassador to the United States for the Republic of Korea, visited Utah on Wednesday as part of a speaking circuit sponsored by the Korea Economic Institute. During his trip, he attended a round-table at Brigham Young University where over a 100 students were present and eager to learn more about Korea.

One of the nation?s largest potential hydrocarbon resources is contained in oil sands in Utah. The oil sands at PR Spring are located on Utah?s remote East Tavaputs Plateau, and they are estimated to contain the equivalent of over 4.5 billion barrels of oil.

Governor Herbert directed each member of his cabinet to review existing business regulations and determine if they were really necessary. This report is the result of that review process.

Utah's Virtual Job Fair!

Tue, 22 Nov 2011

On November 30 through December 6, multiple employers from across the state will participate in the Virtual Job Fair with and Monster.  Job seekers will be able to chat live with potential employers.

Utah?s nonfarm wage and salaried job count for October 2011 expanded by 2.6 percent compared to October 2010. This is a 12-month increase of 31,600 jobs, and raises total wage and salary employment to 1,226,800. 

The Hinckley Institute of Politics at the University of Utah will tackle the subject of technology economic development at a Policy Forum Tuesday, Dec. 6. The event is free and open to the public. The Utah Science Technology and Research initiative (USTAR) is a state-funded, industry-led effort that leverages the success of Utah?s research universities in creating and commercializing innovative technologies to expand and diversity Utah?s economy.

WAVE, Inc., a Utah State University spin-out company, has received $2.7 million to electrify a bus route on the University of Utah campus. ?We are pleased that WAVE was selected from a very competitive field of candidates to receive this grant for the bus electrification project,? said Stan Albrecht, President of Utah State University.

Farms of all sizes provide a number of benefits that are critical to our quality of life. They produce food, fiber, nursery stock, and flowers. They clothe us, beautify our surroundings, and supply us with the energy we need everyday.

City Creek Mall Preview

Mon, 14 Nov 2011

This video from PCTV features an update on one of Utah's most vibrant new economic developments, the City Creek Center in Salt Lake City.

Unemployment in Utah's Cache County is even lower than the state average.  This current economic snapshot provides an overview of how things are going in northern Utah.

An interdisciplinary team of Utah and Wyoming researchers has received a $6 million, three-year award from the National Science Foundation (NSF) to develop a better understanding of the interconnectivity of natural and human water resources systems ? a critical environmental sustainability problem facing both Western states.

The Office of Energy Development (OED) has announced the Utah Governor?s Energy Development Summit will be held Feb. 15, 2012 at the Salt Palace Convention Center in Salt Lake City. The summit will highlight Utah?s 10-Year Strategic Energy Plan and provide industry insight and education in existing and emerging technology fields.

To RSVP for this event, please email Cassy Hahn at This event is offered FREE OF CHARGE. By sending your RSVP in advance, the ECAB can plan for the appropriate number of attendees. Thank you!

Utah is starting to add jobs back to its rolls, with many counties seeing employment increasing. But several counties are noted as having multiple years of employment declines that have not yet reversed themselves.

Not all geographic areas in Utah are the same. Different usage patterns arise in filings for unemployment insurance claims. Different parts of the state show different levels of usage, and each area has its own distinct explanation.

The new Utah EPSCoR office will connect ideas and emerging technologies in target markets with entrepreneurs, industry leaders, students and researchers from Utah?s research and regional colleges and universities, making the state more competitive in securing federal funding grants.

This two-day program is led by BIS's professional counseling staff and provides an in-depth examination of the Export Administration Regulations (EAR). The program will cover the information exporters need to know to comply with U.S. export control requirements on commercial goods.

Northern Utah Business & Economic Summit (NUBES) Wednesday, November 16, 2011 Weber State University Davis Campus 2750 N. University Park Blvd. Layton

In its most recent ?State of the Internet? report, Akamai Technologies ranked Utah at #4 in the nation, above coastal western neighbors California (#6) and Washington (#9). The report is a quarterly comparison of average internet speeds of states across the U.S.

Please join the Governor's Office of Economic Development's Asia Pacific Regional Director, Brett Heimburger, as he presents on "Growing Your Business in Korea: Understanding the Market and Overcoming Challenges". When: November 16, 2011 at 12pm

Keynote address by: Lee A. Daniels, Former President and CEO of Titus Communications and AT&T Japan; Former Managing Director of Newbridge Capital and current Professor at BYU?s Marriot School of Management.

Want to learn more about whether franchising is right for you? Attend the first Annual Franchise Symposium at the Davis Applied Technology Center on November 9th.

Salt Lake Chamber Women's Business Center 2011 American Express Women & Business Conference and Wells Fargo Athena Awards Luncheon.

This presentation identifies innovative ideas for reuse of wastewater as tested in Utah's Cache Valley.

Join Utah Governor, Gary Herbert, Warrior Speaks guest, Norbie Lara, as well as current and retired members of our Armed Forces as we salute those who have served our country and those injured in service. Thankfully, there are public and private partnerships across the country working together to address the needs of our returning servicemen and women.

Agreements have been signed to formalize the partnership created to promote training and business opportunities for U.S. and Chinese business leaders. The interchange comes on the heels of a recent series of UVU initiatives aimed at creating stronger educational ties and opportunities with counterpart organizations in China.

If you need help starting your business, this map can be a useful reference for finding help in your local area.

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