Press Releases

Utah Congressional Delegation Listens to Companies Share Importance of International Trade

News Release April 19, 2017 Utah Congressional Delegation Listens to Companies Share Importance of International Trade Salt Lake City – Representatives Bishop, Chaffetz, Love and Stewart joined 40 business leaders and Gov. Herbert at World Trade Center Utah (WTC Utah) yesterday to discuss the importance of trade for Utah’s economy. World Trade Center Utah and the Salt Lake Chamber hosted this event to give business owners the chance to share the opportunities and challenges they face as they grow globally. “In Utah, international business is big business, and a critical element of the state’s robust economy,” said Derek B. Miller, president and CEO of World Trade Center Utah. “Yesterday’s meeting connected Utah’s economic drivers, its companies, with policy makers. This kind of collaboration is what makes the state’s economy one of the strongest in the nation.” The business leaders in attendance represented both large and small businesses. One technology entrepreneur talked about how he relied on export resources at World Trade Center Utah and the U.S. Commercial Service when he was just getting his business started. He stressed the need to spread awareness of these services to all areas of the state. Attendees voiced concerns about the anti-trade and anti-immigration rhetoric in Washington D.C. A representative from a Utah company stressed the importance of finding employees with the right skills either through training or recruitment internationally. A lack of skilled labor will reduce productivity and hinder economic growth. Another individual shared that his company exports almost 90 percent of product outside the U.S. and asked the congressional representatives to be aware of how other countries could respond to isolationist...

Derek B. Miller Statement on Trump, Xi 100-day Plan to Improve Trade Ties

News Release For Immediate Release Derek B. Miller Statement on Trump, Xi 100-day Plan to Improve Trade Ties SALT LAKE CITY – World Trade Center Utah (WTC Utah) President and CEO Derek B. Miller released the following statement about the outcome of President Trump’s meeting with Chinese President Xi Jinping: “I applaud the efforts by the Trump administration to bring down trade barriers in China. Better market access will allow Utah companies to increase their customers in this important region,” said Derek B. Miller, president and CEO of World Trade Center Utah. “China is the world’s second largest economy and one of the state’s top trading partners. Utah businesses, particularly those in the food and agriculture industry, will benefit as the U.S. ensures free trade with China is also fair trade.” ### About World Trade Center Utah (WTC Utah) wtcutah.com The mission of World Trade Center Utah (WTC Utah) is to help Utah companies think, act and succeed globally. WTC Utah accomplishes this mission through three key objectives. First is to motivate and educate Utah businesses to expand their global presence through training seminars, regional forums and newsletters focused on international business development, trade issues and export opportunities. Second is to build capacity of Utah businesses for international trade through B2B consultations to identify expansion goals, assess current capabilities, determine overseas opportunities and connect companies with market experts and potential partners. Third is to expand global network of Utah businesses through trade missions and networking with foreign trade...

GOED Names World Trade Center Utah as Official International Business Promotion Organization

News Release For Immediate Release Contact: Aimee Edwards GOED Communications Director (801) 538-8811 edwards@utah.gov Jessica Nield WTC Utah Communications Director (801) 814-3491 jnield@wtcutah.com GOED Names World Trade Center Utah as Official International Business Promotion Organization SALT LAKE CITY (April 6, 2017) – The Governor’s Office of Economic Development (GOED) has contracted with World Trade Center Utah (WTC Utah) to oversee the state’s international business promotion activities. “This formal, contracted partnership will leverage WTC Utah’s public-private partnerships for significant cost savings and increased efficiency in the state’s international business efforts,” said Val Hale, executive director of GOED. “World Trade Center Utah is a capable and trustworthy partner, and we look forward to expanded global business opportunities for the state.” GOED will retain all government-to-government relations and formal diplomacy efforts through Franz Kolb, director of diplomacy and protocol. In addition to its current activities, WTC Utah will assume managing responsibility for trade missions, trade shows, international business education for urban and rural communities statewide and will play a key role in pursuing foreign direct investment (FDI). WTC Utah will also provide international market analyses and data measuring Utah’s international activities. “The mission of WTC Utah is to help companies find more customers, expand their markets, and grow their business. The addition of trade missions, trade shows and FDI is a natural extension of our current services and will enhance our ability to help create jobs and expand Utah’s economy,” said Derek B. Miller, president and CEO of WTC Utah. “Our team is excited to lead the state’s international business promotion efforts and help realize the governor’s vision to make Utah a...

WTC Utah President and CEO Derek B. Miller Receives a 2017 CEO of the Year Award

News Release For Immediate Release March 16, 2017 Contact: Jessica Nield Communications Director World Trade Center Utah (801) 814-3491 jnield@wtcutah.com WTC Utah President and CEO Derek B. Miller Receives a 2017 CEO of the Year Award Salt Lake City – Utah Business presented World Trade Center Utah (WTC Utah) President and CEO Derek B. Miller with a CEO of the Year Award today at ceremony held at the Grand America Hotel. “I have always been interested in international development, international business and international affairs. I am grateful for the opportunities I’ve had to work with entrepreneurs and business owners throughout the state to expand Utah’s economy one company and one job at a time,” said Miller. “I am truly honored to be recognized as a 2017 CEO of the Year.” CEO of the Year Awards recognize executives who exude innovation, show sound business judgment and have proven financial success. Utah Business selects award recipients through a call-for-nominations process. To be selected, candidates must have proven to be successful leaders within their companies and communities. “Each year, Utah Business honors outstanding CEOs from private, public and nonprofit organizations. This year, we are honoring 10 chief executives who stand out above the rest,” said Heather Stewart, managing editor for Utah Business. “Derek Miller is being recognized in the ‘Nonprofit – Business Services’ category for his leadership in expanding World Trade Center Utah’s reach throughout the state and fearlessly advocating for trade in Utah.” Scott Anderson, president of Zions Bank and chair of the WTC Utah board, had the following to say about Miller’s recognition: “Oftentimes, we look at the business side...

World Trade Center Utah Strengthens Team with New Hire and Promotions

News Release For Immediate Release March 13, 2017 Contact: Jessica Nield Communications Director World Trade Center Utah (801) 814-3491 jnield@wtcutah.com World Trade Center Utah Strengthens Team with New Hire and Promotions Salt Lake City – World Trade Center Utah (WTC Utah) is bolstering up its staff to meet the growing needs of Utah companies. WTC Utah is pleased to report it has hired Kelsey Price to fill the newly created role of marketing director, promoted Teren Taniuchi to trade services director and hired Marcie Wallace as the full time office manager. “Our job at World Trade Center Utah is to help Utah companies export,” said Derek B. Miller, president and CEO of WTC Utah. “The addition of a marketing director to our team, as well as the promotions of Marcie and Teren, will help increase awareness of our organization and allow us to better serve the state’s business community.” Before joining the WTC Utah team, Kelsey Price worked as a digital content captain with the Sacramento Republic FC. She has extensive experience with digital media and marketing strategy. Price also worked as a specialist for the Army National Guard and as marketing and SEO Specialist for i4 Solutions Inc. Along with the hire of Price, WTC Utah also promoted two current employees. Teren Taniuchi was promoted from trade services specialist to trade services director and Marcie Wallace was promoted from fellow to office manager. Taniuchi is the point of contact for any company looking to expand globally. Wallace manages finances and office organization. These staff changes will allow WTC Utah to help even more companies “think, act and succeed...

Senator Lee Talks Trade and Reinvigorating America’s Middle Class at WTC Utah Forum

News Release   For Immediate Release Feb. 22, 2017 Contact: Jessica Nield Communications Director World Trade Center Utah (801) 814-3491 jnield@wtcutah.com Senator Lee Talks Trade and Reinvigorating America’s Middle Class at WTC Utah Forum Salt Lake City – Senator Mike Lee (R-UT) spoke to business leaders today at a World Trade Center Utah (WTC Utah) hosted forum about navigating globalization and creating policies to help America’s middle class. WTC Utah President and CEO Derek B. Miller kicked off the forum by talking about the growth opportunities trade offers. “If you are selling popcorn in a football stadium on a beautiful Saturday, why would you limit yourself to row 5 of section BB? The same principle applies to trade,” said Miller. “95 percent of the world’s customers live outside of the U.S. At World Trade Center Utah we want to help companies sell more products and services to those customers.” During his remarks, Senator Lee acknowledged both the benefits and challenges of globalization. He is concerned that today’s global capitalism brings together rich people from rich countries and leaves low- to middle-class workers out of the equation. “Globalization is a phenomenon that extends the benefits of capitalism beyond national borders,” said Lee. “This opens up all sorts of opportunities, but it also puts a new twist on the relationships between rich people and not rich people.” Senator Lee’s suggested solution to this problem is to implement a two-step tax reform: eliminate federal corporate tax all together, and raise taxes charged on dividends and capital gains. According to the senator, economists estimate that up to 50 percent of all corporate tax...

WTC Utah and JPMorgan Chase & Co. Team Up to Award Export Grants to Small Businesses

News Release For Immediate Release Jan. 25, 2017 Contact: Jessica Nield Marketing & Communications Director World Trade Center Utah (801) 814-3491 jnield@wtcutah.com WTC Utah and JPMorgan Chase & Co. Team Up to Award Export Grants to Small Businesses Salt Lake City – JPMorgan Chase & Co., World Trade Center Utah (WTC Utah) and Salt Lake County announced the launch of the Utah Export Acceleration Grant at the Winter Innovation Summit. This grant will provide Utah companies with funding to help offset the costs associated with global expansion. WTC Utah will manage the Export Acceleration Grant, which is made possible thanks to a $200,000 contribution from JPMorgan Chase & Co. “JP Morgan Chase & Co. selected Utah to receive funding because of its strong, emerging economy and large number of small-to-medium-sized businesses,” said Derek B. Miller, president and CEO of WTC Utah. “Companies in Utah are well positioned for international expansion, and this grant will provide the means for them to get the help they need.” “JPMorgan Chase is pleased to be a part of this exciting announcement in support of global expansion in partnership with the WTC,” said Craig Zollinger, managing director for JPMorgan Chase in Salt Lake City. “We support initiatives that provide opportunities for businesses striving to take their products and services to international markets. It’s this type of grant that can transform small businesses and we view this as a critical step in providing a successful framework as it relates to export acceleration.” World Trade Center Utah and Salt Lake County previously worked with JP Morgan Chase & Co. and the Brookings Institution on the Global...

Derek B. Miller Statement on Trump’s Withdrawal from the Trans-Pacific Partnership

News Release For Immediate Release Jan. 24, 2017 Contact: Jessica Nield, Communications Director World Trade Center Utah (801) 814-3491 jnield@wtcutah.com Derek B. Miller Statement on Trump’s Withdrawal from the Trans-Pacific Partnership SALT LAKE CITY – World Trade Center Utah President and CEO Derek B. Miller released the following statement on President Trump’s decision to withdraw from the Trans-Pacific Partnership: “President Trump’s decision to walk away from the Trans-Pacific Partnership (TPP) is a loss for Utah businesses, since international trade is an important part of the state’s economy,” said Derek B. Miller, president and CEO of World Trade Center Utah. “International business is big business in Utah, supporting 22 percent of all jobs and making Utah the fourth fastest growing export state. Trade deals will continue to be made, but the question that remains is whether the U.S. will have a seat at the table or if it will be left out. We need a national policy that will allow Utah businesses to continue to succeed in the global economy.” ### About World Trade Center Utah (WTC Utah) wtcutah.com The mission of World Trade Center Utah (WTC Utah) is to help Utah companies think, act and succeed globally. WTC Utah accomplishes this mission through three key objectives. First is to motivate and educate Utah businesses to expand their global presence through training seminars, regional forums and newsletters focused on international business development, trade issues and export opportunities. Second is to build capacity of Utah businesses for international trade through B2B consultations to identify expansion goals, assess current capabilities, determine overseas opportunities and connect companies with market experts and potential partners....

Statement in Support of Theresa Foxley as Incoming CEO of EDCUtah

News Release For Immediate Release Jan. 11, 2017 Contact: Jessica Nield, Communications Director World Trade Center Utah (801) 814-3491 jnield@wtcutah.com Statement in Support of Theresa Foxley as Incoming CEO of EDCUtah SALT LAKE CITY – World Trade Center Utah President and CEO Derek B. Miller released the following statement in support of Theresa Foxley as the incoming CEO of EDCUtah: “A strong, visionary leader is needed to guide EDCUtah and there is no better person to take the helm at this time than Theresa Foxley,” said Derek B. Miller, president and CEO of World Trade Center Utah. “I’ve had the privilege to work with Theresa in a variety of capacities and know that her business, political and legal savvy will be an asset to EDCUtah as it recruits companies to the state and helps existing companies grow. I offer my full support to Ms. Foxley in her new role and look forward to continued collaboration with her organization, which plays an essential role in growing Utah’s economy.” ### About World Trade Center Utah (WTC Utah) wtcutah.com The mission of World Trade Center Utah (WTC Utah) is to help Utah companies think, act and succeed globally. WTC Utah accomplishes this mission through three key objectives. First is to motivate and educate Utah businesses to expand their global presence through training seminars, regional forums and newsletters focused on international business development, trade issues and export opportunities. Second is to build capacity of Utah businesses for international trade through B2B consultations to identify expansion goals, assess current capabilities, determine overseas opportunities and connect companies with market experts and potential partners. Third is...

Keyword at Thought Leader Symposium Discussing Trump Administration: Uncertainty

News Release For Immediate Release Dec. 14, 2016 Contact: Jessica Nield Marketing & Communications Director World Trade Center Utah (801) 814-3491 jnield@wtcutah.com Keyword at Thought Leader Symposium Discussing Trump Administration: Uncertainty 200 business leaders attended event hosted by WTC Utah and Zions Bank Salt Lake City – The future of tax policy, international business, energy, finance and healthcare under a Trump administration were discussed at today’s Thought Leader Symposium hosted by World Trade Center Utah (WTC Utah) and Zions Bank. They key takeaway was the future is uncertain, but Utah is resilient. At the event, a panel discussion was led by Pat Jones, CEO of the Women’s leadership institute. She asked probing questions about protectionist policies, proposed tax cuts, the future of the affordable care act and anticipated changes to air quality policy and energy development opportunities. Derek B. Miller, president and CEO of WTC Utah, had the following to say about protectionist policies of the incoming president: “I give Utah an A grade in international business. An estimated 22 percent of jobs in the state are supported by international business and Utah is ranked ninth in the nation for export growth. Because of this success, I am concerned protectionist policies present a great risk to the state’s economy. I don’t want to see a situation where ‘put America first’ puts Utah last. When it comes to protectionism, my message is no thanks; Utah doesn’t need protection. We know how to compete and win in a global economy.” Along with Miller, panelists included Robert Spendlove, economic and public policy officer of Zions Bank, Natalie Gochnour, director of the Kem...