News & Updates

NEW YORK, NY, 3.12.2011 | One of the world’s most prestigious financial publications has named Utah the Best State For Business for the second consecutive year. Forbes debuted its ranking with Utah atop the charts on November 22.

“Utah highlights include energy costs 31% below the national average and employment growth that has averaged 0.6% the past five years. Compare that to the U.S. as a whole where job growth has averaged negative 0.6% since 2005. Utah’s 5% corporate tax rate is well below western neighbors Arizona, Idaho and New Mexico. Utah ranks sixth in a new Tax Foundation study that looks at the tax burden on business in each state across different industries. As part of the ranking, we included the study, which will be released to the public in the coming months.”

Forbes notes that momentum is building in Utah and rankings, like this one, attract businesses across the spectrum and from around the country.

Businesses like Procter & Gamble, ITT, Home Depot and Boeing all announced expansions in Utah this year.

“Companies are also attracted by Utah’s population growth which is one of the fastest in the country and provides a burgeoning workforce. “Utah has a young, dynamic economy with a vibrant high-tech sector,” says Mark Zandi, chief economist of Moody’s Analytics.

You can read the full article on Forbes.com.

SALT LAKE CITY, UT, 7.10.2011 | On Friday, October 7 the Italy Utah Cooperation Center signed cooperation agreements with the Salt Lake Chamber,  the Utah European Chamber of Commerce and the World Trade Center Utah.

The agreements aim to actively promoting business and cultural exchange and cooperation between Italy and Utah. The partnerships and cooperation initiatives will also have a special emphasis on youth and young professionals in order to develop their abilities as future business leaders to improve their respective communities and the world in general.

"These agreements represent a milestone for our organization," - said Francesco Di Lillo, President of the Italy Utah Cooperation Center after the signature - "they are at the foundation our future initiatives and will be instrumental to our mission, that is to bring Italy closer to Utah, and viceversa."

ROME, 17.09.2011 | The Italy Utah Cooperation Center welcomes the public announcement, on September 14, of the Religious and Cultural Center of The Church of Jesus Christ of Latter-day Saints that will be built in Rome, Italy.

The beautiful complex of the Utah based Church, today very well established in Rome and throughout Italy, should be completed sometime in 2014. It will include a temple, the first of its kind in Italy, the 12^th in Europe, that will add to the 135 already in operation today around the world.

The Italy Utah Cooperation Center is convinced that the building of the temple and the Religious and Cultural Center will create opportunities for the Church of Jesus Christ to benefit future generations as it has been doing in Utah since its establishment.

Mr. Loris Facchinetti, former delegate of the Mayor of Rome and Vice-President of the Italy Utah Cooperation Center commented: "At this time in history, full of violence, indifference and neglect of moral values, the presence of such a clean, generous and spiritually committed community like the mormons is truly needed."

ROME, 02.08.2011 | On August 1, 2011, Loris Facchinetti, Vice-president of the Italy Utah Cooperation Center, gave a presentation to Brigham Young University students on a study tour in Rome, Italy. Mr. Facchinetti discussed with the group about doing business in Italy and provided a brief overview of the current economic and political situation in the country. He was accompanied by Dr. Giulio Contini, financial operator, LUISS University graduate and collaborator of the Center.

The 27 undergraduates, many of whom are business students at the BYU Marriott School of Management, were travelling across Europe and the Mediterranean area, visiting Switzerland, Turkey, Greece and Italy, to learn more about international business. The group was lead by Prof. Bruce Money, PhD, Chair of the Business Management Department.