Digital gaming boom prompts Gameloft expansion
In 2011, PocketGamer.com ranked Gameloft the No. 1 publisher of mobile games. A leader in the booming digital gaming market, Paris-based Gameloft was poised to capitalize on this growth and evaluated several locations for a new game development studio.
The company evaluated many potential sites, looking for a location with a strong business climate and the support of economic development organizations. Gameloft leadership required the location to possess a pool of young talent and provide an enriching lifestyle for its staff.
More than 100 sites compete for new Benteler facility
In 2011, Benteler Group, a 135-year-old Austria-based company, was exporting up to 25 percent of its steel tube production to the United States. This high concentration of export volume presented the company with a new opportunity to more effectively deliver its product to customers. Executives from the Benteler Group's steel/tube division made the strategic decision to expand operations into North America and build their first hot-rolling tube mill in the U.S.
New investment opportunities emerge as natural gas prices fall
A few years ago, a major price differential emerged between oil and natural gas; that differential is now expected to persist for decades. As new technologies allowed for the capture and use of natural gas, market rates for this resource fell to historically low levels. Across the nation, manufacturers cut their operating costs by relying on natural gas to power their equipment, machines and vehicles. With an abundant supply of this resource available in the U.S., the stage was set for a renaissance in America's industrial sector.
Utah has made a great place for Fresenius Medical Care, the world's largest integrated provider of kidney dialysis products and services, says Steve Marler, the company's senior director of operations.
"We're a global company, and it really came down to competitiveness and what the state offers," he says of Fresenius, a German company listed on both the New York and Frankfurt stock exchanges.
Fresenius opened in Ogden nearly 20 years ago and has expanded into a 1-million-square-foot manufacturing facility with about 1,700 employees.
The Boeing Company has a strong and growing presence in the state of Utah. With more than 800 employees and almost 1,300 retirees currently living in the state, the company's footprint already extends much further than its direct employment.
The company currently utilizes approximately 250 Utah companies as suppliers and had made more than $220 million vendor purchases as of March 1, 2014. In addition, the company's wide-ranging charitable contributions are approaching $600,000.