Governor's Office of Economic Development

Brian Grimmett

Governor Gary Herbert says his challenge to create 100,000 jobs in 1,000 days was a huge success.

In his 2012 state of the state address Governor Gary Herbert challenged the private sector to create 100,000 jobs in 1,000 days. The unemployment rate at the time was 5.8%.  Now at the end of the challenge, Herbert says they were actually able to create 112, 200 jobs.

Brian Grimmett

Governor Gary Herbert has named Val Hale as the new executive director of the Governor’s Office of Economic Development.

Hale most recently worked as the president and CEO of the Utah Valley Chamber of Commerce. He also spent seven years working in administration at Utah Valley University and 22 years in BYU’s athletic department. He says he’s ready for this new challenge and understands the great responsibility that comes with it.

Bob Nelson

The Governor's Office of Economic Development launched its 2-million dollar STEM Media Campaign Thursday at Neil Armstrong Academy in West Valley City. In 2013 legislators approved 8 and a half million dollars to support math readiness and another 1 and a half million to set up the Utah STEM Action Center to build student skills in science, technology, engineering, and math. Executive Director of GOED, Spencer Eccles, says kids need to have these skills whether they are going to be artists or astronauts.

Josh Romney has been appointed to the Board of the Governor’s Office of Economic Development. Romney is founder of a real estate company, serves on the board of Charity Vision International, and has done political and fundraising work for his father’s presidential campaigns. Director Spencer Eccles says Romney brings valuable experience and contacts to the group, which aims to recruit and grow companies in Utah.

Wikimedia Commons

  Work could begin soon on a new oil refinery in Green River, Utah, bringing more than a hundred stable new jobs to that community. 

The Governor’s Office of Economic Development will provide more than 12-million dollars in tax incentives to Rock River Resources, based in Houston. It’s agreed to create 125 new jobs at its proposed refinery to be built next to I-70 in Green River.  The state has already issued an air quality permit for the project, and construction on rail links to the site could begin this summer.

Cicero does the survey for Zions Bank.
Bob Nelson

The latest Zions Bank Consumer Attitude Index numbers revealed today highlight the difference between Utah’s economy and the rest of the country. The Cicero Group does the survey for Zions Bank. Cicero’s Randy Shumway says the small increase of 1.1 points in Utahns’ confidence shows the contrasts between the two stories.

Xi3

The maker of a small, energy efficient computer is promising to hire 500 people in Utah over the next 5 years in exchange for $2 million worth of state tax rebate incentives.  Xi3 (X-I-3) Corporation has offices around the world, but is headquartered in Salt Lake City… and Utah’s government leaders want to keep it that way.  

David Politis is Chief Marketing officer for Xi3 corporation.  His office is on the 12th floor of the Wells Fargo building in downtown Salt Lake City, and the view is expansive.  Politis looks down at the birds.