Press Releases

Joint Statement on Trade Deal that will Allow U.S. Beef and Natural Gas Exports into China

Joint Statement by World Trade Center Utah President and CEO Derek B. Miller, Commissioner of Agriculture and Food LuAnn Adams and Utah Governor’s Office of Energy Development Executive Director Dr. Laura Nelson SALT LAKE CITY – The recent announcement of a trade deal that will allow U.S. beef and natural gas exports into China is a big win for Utah companies. This change will lead to new opportunities in a country that is already one of Utah’s top trading partners. Agriculture production and processing make up approximately 15 percent of total Utah GDP, and the cattle industry represents a sizable percentage of that. Many hard working, family-owned cattle ranchers across the state will have access to millions of new potential customers with this change. As exports increase, so will the stability of Utah’s economy. It is exciting to think about the positive reverberations this will have in rural communities. PMI Foods, a global enterprise located in Salt Lake City, is an example of a company that will see a boom in business thanks to this trade agreement. Offering a range of food products, PMI Foods is already positioning itself to jump head first into this new market for beef. Energy also plays an important role in Utah’s continued economic growth. As the Crossroads of the West for energy development and innovation, Utah is in a unique position to expand its global energy partnerships. Currently the state ranks 11th in the nation for natural gas production, contributing 408 billion cubic feet. Utah is home to abundant natural gas storage options, including innovative underground salt caverns, supplying highly flexible natural gas...

WTC Utah Presents Awards to Butcher’s Bunches and DWS at Cache Business Summit

News Release For Immediate Release April 25, 2017 WTC Utah Presents Awards to Butcher’s Bunches and DWS at Cache Business Summit LOGAN, UT – World Trade Center Utah (WTC Utah) presented Butcher’s Bunches with the Vanguard in International Business Award at the Cache Business Summit on April 20 at the Riverwoods Conference Center. WTC Utah also recognized the Bear River Service Area of the Department of Workforce Services (DWS) with the Champion for International Business Award. The jam for Butcher’s Bunches was originally created by founder Liz Butcher in response to a family health need. Butcher’s Bunches’ preserves are 100 percent natural without added sugars, artificial preservatives or chemicals. After Butcher began selling her jams at local farmers markets, she quickly discovered there was a significant demand for her product. She has since expanded into retail locations across the state and some locations throughout the world. “We are pleased to recognize Butcher’s Bunches with a Vanguard in International Business Award,” said Derek B. Miller, president and CEO of WTC Utah. “Butcher’s Bunches is an example to all businesses in Cache Valley, both large and small, that every company can reap the benefits of international trade.” Butcher’s Bunches sells its popular jams in Asia, Canada, Great Britain, France, Australia and Dubai. Approximately 11 percent of the company’s sales come from international markets. Butcher’s Bunches was recognized in the United Kingdom as the “Queen’s Tea” jam. It has also captured the attention of Chip and Joanna Gaines, stars of the hit TV show Fixer Upper. In addition to presenting Butcher’s Bunches with an award, WTC Utah also highlighted the work being...

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...