Business Facilities -November 2008

The Utah Governor’s Office of Economic Development (GOED), provided an Economic Development Tax Increment incentive, and the local government and the school district created an Economic Development Authority (EDA), which offered Charlotte Pipe a package of up to $7 million in tax rebates over 10 years. “All Utah incentives are combined with local participation and encourage unmatched cooperation among governmental units in the state, which benefits the company who is opening a new facility, saving time and money,” says GOED executive director, Jason Perry. A part of the EDA requires 20% of the taxes collected to be invested in a Workforce Housing Fund to provide low-interest loans to essential employees, such as firefighters, police officers and teachers. Additionally, a portion of EDA revenue will pay for fast-track development, infrastructure improvements and recruiting companies to the area. “It’s a model of cooperation” between the public and private sectors, says Bryan Dangerfield, director of the Cedar City/Iron County Office of Economic Development. Because all infrastructure was in place, everyone could focus on getting Charlotte Pipe’s plant approved, built and producing pipe in short order. “The rail access makes it a real gem,” Dangerfield adds. Port 15 Utah also benefits taxpayers because no incentives are paid to the developer until Charlotte Pipe and other new companies are actually operating and paying taxes. “Charlotte Pipe is a perfect fit for what we have out at Port 15,” says Cedar City Mayor Gerald R. Sherratt. “We offer the infrastructure and incentives that allow the com- pany to build its business, and Charlotte Pipe brings high-quality jobs to our community. They’re a real class act.” GREAT CHOICE The State of Utah thanks the many fine companies who have selected Utah as the location to build or expand major new projects in our State. Utah “Most Dynamic Economy” All of these companies will be able to provide their employees with an unparalleled quality of life and in the process enjoy “the Most Dynamic Economy” in the country. The Procter & Gamble Utah “Best State for Business” Rural or urban, the Utah lifestyle and productivity of the workforce is among the best in the world. Your company can make the right choice and join these and other great companies in Utah. Enjoy the many benefits you will find by moving your company to Utah, widely praised as a “Best State for Business.” For help with your move, call or email us at 801-538-8828 or ahamblin@utah.gov. See “What’s Right In Utah,” visit our website at www.goed.utah.gov/dvd and order your “Utah is the Answer” DVD today! (801) 538-8828 www.goed.utah.gov #4501 at www.BusinessFacilities.com BUSINESS FACILITIES 9 http://www.goed.utah.gov/dvd http://www.goed.utah.gov http://www.goed.utah.gov http://www.BusinessFacilities.com

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Business Facilities -November 2008 Contents First Word Sanpshots Corporate Moves: Utah Kodak Develops a Megasite in Upstate New York Anatomy of a Deal: Studley Finds a New Space for Myspace Metro Spotlight: Johnson City, TN A Renaissance of Growth in Medical Plastics The Lone Star State Flexes Its Muscles Asia: A Portrait of Growth Sky's the Limit for High-tech in Arizona Corporate Moves: Pennsylvania Ohio Leads the Way Alabama's Tide Rolls to the Future IEDC 2008 Award Winners Advertiser Index Introducing Navigator Livexchange

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