Economic Development News
Thursday, October 12 2017
Washington, D.C. — U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $30 million to support 35 projects in 15 states under the 2017 Assistance to Coal Communities (ACC 2017) initiative. The funding will assist locally-driven efforts to communities and regions severely impacted by the declining use of coal through activities and programs that support economic diversification, job creation, capital investment, workforce development and re-employment opportunities.
Monday, October 26 2015
Utah ranked No. 1 Best State for Business for 2015—the fifth year out of the last six
Salt Lake City, UT -- When you think of the nation’s greatest sports dynasties, you might think of the Boston Celtics, New York Yankees or Green Bay Packers. Now think “economic dynasty”—and Utah should come to mind. Forbes magazine once again ranked Utah as the No. 1 Best State for Business for 2015. This marks five out of the last six years in the top spot.
“We’ve enjoyed years of success but have also learned a very important lesson: it’s much harder to stay on top than it is to get there,” said Governor Gary R. Herbert. “It’s always exciting to earn top accolades, but it’s even more meaningful that this is our fifth win from Forbes. It means that all of our work to maintain a winning business environment is working. It means we’re continuously building a champion state.”
Utah has been ranked No. 1 for economic outlook every year since 2008. Everyone from the Washington Post and Fortune magazine to The New Yorker has been talking about Utah, trying to discover the Beehive State’s secret to success. Collaboration is one of the state’s not-so-secret strengths.
Wednesday, October 21 2015
Utah STEM Action Center and Utah State Office of Education Partner on Computer Science Scale-Up
Salt Lake City, UT -- The Utah STEM Action Center and the Utah State Office of Education announced a partnership with Code.org that will increase participation in computer science courses by women and underrepresented students of color.
Code.org is a non-profit dedicated to expanding computer science education by making it available in more schools, and increasing participation by women and minorities. Their vision is that every student in every school should have the opportunity to have access to computer science education. Code.org believes computer science should be part of the core curriculum in education, alongside other courses, such as biology, physics, chemistry and algebra.
Thursday, September 10 2015
New website wins in government-to-business category
Salt Lake City, UT -- The Governor’s Office of Economic Development (GOED) is pleased to announce that locate.utah.gov, a project of the Utah Broadband Outreach Center and Utah Department of Technology Services (DTS), has earned a Digital Government Achievement Award from the Center for Digital Government.
“We knew from the beginning that locate.utah.gov would be an incredible resource for site selectors and businesses,” said Kelleigh Cole, director of the Utah Broadband Outreach Center. “We’re thrilled that it’s earned recognition so quickly.”
A winner in the government-to-business category, locate.utah.gov launched just months ago in May of this year. The first-of-its-kind website is a key tool for helping businesses and their site selectors find important information, including the state’s broadband availability, utility information, transportation, workforce and lifestyle features. The website also allows area developers to evaluate potential locations and print detailed, customized reports on available infrastructure.
Monday, May 04 2015
Historic building transforms into the 21 st century town square for entrepreneurs
Salt Lake City, UT –- After more than a year of restoration, the historic building located at 150 South State Street opens as the permanent home of Impact Hub Salt Lake. Lt. Governor Spencer Cox and local civic and business leaders celebrated the grand opening with a ribbon-cutting ceremony at 10:00 a.m. on Thursday, April 30th.
“Salt Lake’s history is rooted in a pioneering and entrepreneurial spirit,” said Brian Lemke, Vice President of Business Development, Salt Lake Chamber. “The renovation of this century-old building is consistent with the historic preservation goals of the city, and the vision established in the Chamber’s ‘Downtown Rising’ master plan. The historic building was a thriving center of commerce throughout the 20th century, and today we celebrate the Impact Hub, which is leading Salt Lake’s innovation commerce in the 21 st century.”
Impact Hub Salt Lake is a membership-based, co-working and networking community, and incubator for social enterprises and entrepreneurs. As part of the Impact Hub global network, members in Salt Lake City have access to resources across 75+ Impact Hubs and 10,000+ community members across 5 continents.
Impact Hub Salt Lake consists of three distinct elements:
Impact Hub Salt Lake was designed to provide a collaborative environment in which people can work, meet and learn within a modular structure.
“The Impact Hub offers opportunity for everyone, whether you’re a startup nonprofit, an entrepreneur experiencing early stages of growth or an established business,” said Dustin Haggett, founder and Chief Executive Officer of Impact Hub Salt Lake, who first became interested in the concept while completing his graduate program in sustainable management. “I didn’t know such a community existed and was immediately impressed by the energy of the people and the variety of projects and ventures incubating there. Startup life can be difficult and there is something intriguing about sharing a space with other like-minded entrepreneurs who have an interest in your success.”
Over 400 members, across a number of private and nonprofit sectors have joined Impact Hub Salt Lake, which has been in a temporary popup space since early 2014.
“I love that Impact Hub attracts so many innovative and driven individuals,” said Sarah Burroughs, Impact Hub member and founder of Anne B Designs. “It's refreshing being around people who dream big and who don't settle for mediocre products and systems. And everyone at Impact Hub supports each other and gets excited for each others' successes.”
“I came to the Hub to get in on a piece of the action within the SLC startup scene. My sportswear company, Swoob, is a small business that doesn't have the need for dedicated office space,” said Kyle Muir, Impact Hub member and founder of Swoob + Hyperactive Capital. “When I understood the purpose of Impact Hub, and after meeting the people working out the of the space, it felt like the right place for me.”
Community and business partners across the state have shown support from the start by giving time, investment funds and contributing to the community of ideas. Those include Variance Ventures, BoomStartup, CLEARLINK, Zions Bank, Holland & Hart, XMission, Durham Jones Pingar and many more have already seen an impact the investment has made on their own businesses and employees from the idea sharing alone.
"Every business, large or small, benefits by having a place where they can both give back to the business community in unique ways, and foster new thinking and ideas within their employees. It's this collection of community and business relationships that is the essence of what a thriving Impact Economy looks like," said Phil Hansen, CEO of CLEARLINK and Impact Hub partner. "We're excited to be part of the impact growing businesses and nonprofits will have on our local economy.”
Throughout the week of April 27th, the Impact Hub hosted sessions for members and potential members. The week culminated on Thursday, April 30th with the ribbon cutting at 10:00 am and celebration party at 7:00 p.m. All interested in learning more about the Impact Hub, membership opportunities and hearing from those who have experienced the impact it can have can learn more at www.saltlake.impacthub.net
About Impact Hub Global:
About Impact Hub Salt Lake: