From Deseret News archives:
Businesses study how to strengthen status
Strategies set for jobs, technology
Those strategies were presented by Martin Frey and Ladd Christensen, co-directors of the department, Thursday at a meeting of the state Board of Business and Economic Development.
The overall department structure is under three main headings: creating new business, growing existing business and recruiting business into the state.
Among the proposals for creating new businesses are:
Developing "clusters," whereby Utah is "best in class" in targeted industries. But the state needs to establish a consensus of what those clusters are, Frey said.
"One of the challenges we've seen in the past with some of the 'ecosystems' and the Silicon Valley initiative is perhaps we tried to do too many things and we had so many specialties and focus areas, nothing was really core-focused . . . ," he said, referring to programs instituted under former Gov. Mike Leavitt.
The energy and film industries already have been identified. The state wants to increase the film industry impact on the economy by 25 percent in 2005 and 20 percent more in 2006, plus increase the number of production days by 40 percent in 2005 and 30 percent next year.
Boosting capital formation by lowering the cost of capital and increasing the amount of entrepreneurial funding.
Establishing statewide best practices for economic development, with training and methodology developed by December.
Creating more technology parks, with a new planning council developing the blueprints by this fall and construction starting in spring 2007.
In the "growing existing business" category, Christensen said the department's goal is to "connect and reach" 75 percent of the companies over the next 12 months. He also said the department should provide some sort of services to 50 percent of those businesses "in a relatively short time."
Regarding business recruitment, Frey said one goal is a seamless outsourcing of the recruiting process. By June 30, the state will pick a partner organization to help select and recruit targeted companies.
Comments
- Soccer MVPs know how to win 1:56 a.m.
- Alta's Ohai is Ms. Soccer 2009 1:56 a.m.
- High school soccer: Past MVPs 1:37 a.m.
- Senators want food tax restored 1:27 a.m.
- Utah women lag in higher education 1:16 a.m.
- Hatch empathizes with Muslims 1:14 a.m.
- Matheson gets no thanks from GOP 1:13 a.m.
- Mitchell seeks to block witnesses 1:12 a.m.
- Party insiders may take on Bennett 1:11 a.m.
- Input sought on nondiscrimination 1:11 a.m.
- TCU showdown has big implications
- Seniors helped BYU regroup
- Bystanders framed for child porn
- Lambert surprisingly tops news
- Hope for single moms
- Soccer MVPs know how to win
- Matheson gets no thanks from GOP
- Korver and Miles to be evaluated
- Utah Jazz Extra: Whose hot/not
- Newhouse Hotel, an explosive end
- House passes health care bill
228 - TCU showdown has big implications
183 - Lobo suspended
182 - Cougars crush hapless Cowboys
154 - Utah Jazz fall apart against Kings
131 - TCU 4th in AP poll; U. 16th, Y. 22nd
118 - Thousands protest health bill
114 - RSL rallies to advance
103 - No 'backlash' for pioneers, gays analogy
97 - Utes pound winless Lobos
89
Sounds like a good option if you can't or won't switch to AT&T for the...
I worked with and around Bill Sederburg for 5 years while he was at...
hand. He needs to work on his moves to the basket and rebounding. Lateral...
play Fez or Koufos tonight. He went with a smaller line up and Boozer, Okur...
I've met Bennett before and he is a nice man. He also knows the Constitution...
That's never been a secret. Everyone will pay for it except those that don't...
I agree with NonMormon. I am active LDS, and I enjoy Ash's articles, and I...
I kept saying don't resign Milsap, especially after Portland offered that...
BYU is the slowest team that has ever been in the top 25. Utah will put up a...
i think u have the cowboys ranked too low! at least an A- LOL nice work!


You can be the first to comment on this story.