The Economic Development Corporation of Utah has awarded $24,773 in matching grants to seven Utah cities and economic development organizations to help in their business recruitment efforts.
Nick Rose, president of Mountain Fuel Supply Co. and chairman of the EDCU's Matching Grant Committee, said this is the first time the organization has tried anything like this and expects that $25,000 will be available twice annually.Rose said the purpose of the program is to foster a higher quantity and quality of economic development advertising and marketing, continue to build positive relationships between EDCU and various local and regional economic development programs and provide a mechanism to allow private sector economic development funds to be used in the state with accountability and measurement.
The committee was rather liberal in awarding the funds, Rose said, because the organization wants to get the word out to other municipalities. Also, all seven applicants received money, but Rose expects more applicants as the word gets out that money is available.
Receiving money and being required to match the amounts were:
- Ogden Business Development Association, $5,000 for a brochure about its airport industrial park.
- Cache County Economic Development, $5,000 for production of a videotape.
- Beaver City, $2,773 for construction of two billboards to advertise the availability of low-cost land in the city's new industrial park.
- Tremonton Economic Development Association, $4,000 for advertising the city on a new billboard on I-15.
- Panguitch, Garfield County, $4,000 for an economic development brochure.
- Midvale and Sandy Chamber of Commerce, $2,000 each for advertising in a Utah Business Magazine special supplement featuring the south Salt Lake County area.