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GOEO reports billions in investment, outlines strategic plan focused on innovation, capital and quality of life
Summary
GOEO told the committee its incentives and outreach supported 3,841 jobs, brought $6.7 billion in private capital and proposed a strategic framework centered on innovation, capital and quality-of-life metrics including a new livability index.
The Governor's Office of Economic Opportunity presented its annual report and an outline of a strategic plan to the committee. Jeff Moss (GOEO) and Cameron Dalton (GOEO) described program outcomes and a draft framework for future priorities.
Dalton reported the office supported 3,841 jobs and $6.7 billion in private capital investment over the past year, producing an estimated $343 million in projected new state revenue and roughly $3.8 billion in new state wages. He highlighted rural grant and incentive efforts (about $27 million in direct rural grants; $556 million in RED TIF incentive funding) and the USBCI loan program that reached 50 companies (48% rural recipients). Dalton singled out Williams International's $1.1 billion reinvestment and a local example, Beautiful Minds Learning Center in Kaysville, which expanded from 45 to 106 students with USBCI-related support.
Moss and Natalie Randall framed GOEO's strategic plan around three pillars: innovation, capital and quality of life. GOEO plans to measure outcomes beyond jobs and GDP by developing a livability index (health, affordability, amenities). Guiding principles include collaboration, limited and effective government, data-informed decision making and a future-oriented mindset. Moss emphasized the need to sequence measurable objectives beneath the vision and said GOEO is building a unifying council to coordinate large statewide projects (the inland port, Point of the Mountain, Fairpark).
Ending: Committee members praised the report and asked questions about incentives, targeted industry recruitment and the interaction between economic development and housing policy as GOEO develops its measures.
