Tuesday, October 7, 2008
Exclusive Audio, Video & Breaking News
Breaking News
» Home
» Local News
     Utah Legislature
     In the West
     On the Beltway
» DavisCAM
» Local Traffic
» Search
» AP Headlines
» Multimedia
     Video Library
     Audio Library
     Slide Shows
     On the Scene
     Polls
» Sports
     Olympics Insider
     Prep Insider
     Jazz Insider
     College Insider
     Golf Insider
     Baseball Insider
     Auto Racing Insider
     Soccer Insider
     Pro Football Insider
» Business
     Stocks
» Features
     TX
     Outdoors/XPlore
     Hers
     GO!
     Movie Listings
     TV Listings
» Religion
» Weather
» Calendar
» Text Archive
» Photo Reprints
»  RSS/E-mail Feeds
» Texter's Lab
» Mobile

Publications:

Opinion

Community


Services

Events


www.utahcouponpower.com


CLICK HERE!!

Sign up for local savings, special offers, deals and coupons!

E-mail Address:

Story View ( Business RSS Icon )

Business report puts Utah in U.S. Top 10

There are no comments for this page [ Add Comment ]
Saturday, April 5, 2008
By LORETTA PARK
Standard-Examiner Davis Bureau
lpark@standard.net

La-Z-Boy loss notwithstanding, state seen as destination spot

Outsourcing is not just a Utah problem, but a national one, a study's author said.

Utah was ranked No. 9 in the Pollina Corporate "Top 10 Pro-Business States" report Wednesday, the same day La-Z-Boy Inc. announced it was closing the Tremonton plant and heading to Mexico after 30 years of service.

"Outsourcing is a significant problem, which is not going away," said Brent Allen Pollina, the vice president of Pollina Corporate and the study's author.

"Some states are trying to stem the tide, but it's an economic reality and unfortunately some states don't do anything and actually encourage businesses to leave," Pollina said.

The Pollina report is an analysis of what all 50 states are doing to market themselves to businesses, he said.

Utah offers incentives for new businesses to set up shop, he said, while encouraging established businesses to stay.

This is the second year Utah ranked in the top 10, said Jason Perry, the executive director of the governor's office of economic development.

Last year Utah ranked No. 5, but Perry said just being in the top 10 "is huge."

One of the areas that pulled Utah down was the increased cost of unemployment insurance, Pollina said, and Utah officials are not doing as good a job as they could to market the state.

"Shame on us for not tooting our horn louder than we have," said Sen. Sheldon Killpack, R-Syracuse.

Killpack said while it may seem that way, officials are talking to businesses outside of the state. However, the results of those talks will not be noticeable for a few years.

Even with the news of a plant closing, Rep. Brad Dee, R-Washington Terrace, said other businesses have their eye on the state. Large corporations want to know what local businesses can do for them, especially in the aerospace industry.

"As we bring those partnerships together and these marriages take place, local Utah businesses thrive," Dee said.

County leaders say they are also courting new businesses.

Davis County Commissioner Louenda Downs said Weber and Davis counties are working hard to bring jobs to the area.

The new Davis Economic Advisory Council is an example of that attempt, Downs said. The council is seeking ways to attract businesses to the area, which brings more jobs for those living here.

Perry said one of Utah's big draws is its workforce. The state ranks No. 1 out of the 50 states in that area.

"We have the youngest workforce, who are very well educated, many bilingual and very well trained," Perry said.

Dee and Killpack agreed that a big motivation for bringing businesses to the state is planning for the future.

"We want to keep the brightest kids in Utah," Dee said .

Even with one company leaving the Top of Utah, there are others, such as Proctor & Gamble, coming, Perry said.

"There will still be tremendous opportunities because we are working with significant companies who are very serious about relocating," Perry said.



Comments

There are no comments for this page.


Add a comment...
Name:
Comment:
Security Code:
Type the characters to the left in the box exactly as they appear.
Your IP:38.103.63.60
This address is recorded for security purposes.
Story Tools
Printer Friendly

E-mail This Article

Text bigger | smaller

Bookmark and Share...



Add Business Feed to...

AddThis Feed Button



Story Advertisement

Click to Visit
AdvertisementAdvertisement

AdvertisementAdvertisement