Business and government leaders announced a major effort Wednesday to expand overseas exports from Salt Lake County companies and boost foreign investment in the region’s economy.
After months of discussion, the Salt Lake City metropolitan area has officially joined the Global Cities Initiative, a city-focused international trade-promotion plan backed by U.S. banking giant JPMorgan and researchers with the Brookings Institution.
Utah’s export levels are strong by U.S. standards, but they draw heavily from its mining and energy industries. The new initiative, announced Wednesday at the University of Utah’s David Eccles School of Business, aims to identify other key industries and primarily midsize companies ripe with export potential and help them connect with markets abroad. Read the full recap of the event in the Salt Lake Tribune.