Last month, ExcelinEd hosted a thousand education reformers at the 2018 National Summit on Education Reform (#EIE18). From inspiring keynotes speakers to a trending social media hashtag, #EIE18 was packed with incredible moments!
One-Minute Highlight Videos
Check out the one-minute highlight videos from our inspiring keynote and strategy session speakers!
For links to the full recordings (and speaker presentations!), head over to the #EIE18 Agenda.
Our 12 in-depth strategy sessions focused on evolving laws, new trends, successful policies and the latest innovations that are transforming education for the 21st century.
Check out the links below for full recordings of eight of these sessions, or head over to the #EIE18 Agenda for speaker presentations!
Teem to Expand in Utah, adding 250 jobs
SALT LAKE CITY (Jan. 9, 2019)—The Governor’s Office of Economic Development (GOED) today announced Teem will expand its operations in Utah adding up to 250 jobs, $3.1 in new state revenue and up to $1 million in capital investment in Salt Lake City over the next five years.
“Teem is a great Silicon Slopes company and we are pleased they would expand and maintain their full operations in the State of Utah,” said Val Hale, executive director of GOED. “Over the next five years they will increase their business and provide high-wage positions here in the state of Utah.”
Founded in 2012, Teem is a SaaS is the fastest growing companies in the marketplace for workforce solutions. They offer room booking, guest management, indoor navigation, and analytics tools from their mobile and desktop apps. The Teem platform allows organizations to manage their office more effectively.
“We have enjoyed tremendous success in Utah in large part because this is such a great place to find and attract talent” said Teem CEO Shaun Ritchie. “We are excited to work with Governor Herbert's administration to continue to expand our team and create economic opportunity in the place we call home.”
Teem plans to create up to 250 jobs over the next five years. The total wages in aggregated are required to exceed 110 percent of the average county wage. Projected new state wages over the life of the agreement may be up to $$83,618,889, which includes wages, salaries, bonuses and other taxable compensation. Projected new state revenues, as a result of corporate, payroll and sales tax are estimated to be $3,104,351 over five years.
“Team Utah and I are thrilled at Teem’s decision to expand their existing presence in the state,” said Theresa Foxley, president and CEO of the Economic Development Corporation of Utah. “This announcement is yet another example of Utah’s strong tech sector and ability to bring and keep businesses for the long term. We are excited about the new opportunities that Teem will provide Utahns.”
Teem may earn up to 20 percent of the new state taxes they will pay over the life of the five-year life of the agreement in the form of a post-performance Economic Development Tax Increment Finance (EDTIF) tax credit rebate. As part of the contract with Teem, the GOED Board of Directors has approved post performance tax credit rebate not to exceed $ $620,870. Each year that Teem meets the criteria in its contract with the state, it will earn a portion of the total tax credit rebate.
The Utah Legislature has authorized economic development incentives in the form of post-performance tax rebates. The statute allows for up to a 30 percent rebate of state taxes over 20 years. The company is required to meet specific criteria outlined at the time the rebate is approved by the Utah Governor's Office of Economic Development Board to claim the refund.
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About the Utah Governor’s Office of Economic Development (GOED)
Under the direction of Gov. Gary R. Herbert, the Utah Governor’s Office of Economic Development (GOED) provides resources and support for business creation, growth and recruitment, and drives increased tourism and film production in Utah. Utilizing state resources and private sector contracts, GOED administers programs in economic areas that demonstrate the highest potential for development. Learn more at business.utah.gov or by calling (801) 538-8680.
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Utahns spend 17 days per year ‘micro-stressing’ about everyday anxieties, reveals study.
The new year has finally arrived and many of us should be feeling well rested after a break from work over the holidays, but it won’t be long before those everyday anxieties start creeping up on us again…
We’ve all been there; we’re about to rush out to work but somehow our keys have gone missing from the fruit bowl we left them in, or we get halfway to the coffee shop when suddenly there’s a flash of doubt as to whether we turned our straighteners off before leaving the house. These, and other things like them, are all relatively minor issues, or ‘micro-stresses’ – they’re not big enough to be a proper crisis, but worry about enough of them during the course of the average day and you’ll end up feeling really anxious.
Leading mattress review company, Sleepopolis, wanted to find out how much time is taken up by these micro-stresses, and how they can have a cumulative impact on our wellbeing, such as interrupted sleep. After surveying 2,500 adults, they made some interesting discoveries; the main one being that on average, Utahns spend a significant 17 days a year – that’s 34 hours per month, or over one hour a day – micro-stressing.
Perhaps surprisingly, Vermonters – who are surrounded by beautiful landscapes – spend a huge 63 days per year micro-stressing, the most in the U.S. And on the opposite end of the scale, South Dakotans only spend 2 days per year on average micro-stressing. Positively cool as a cucumber in comparison!
See how each state compares with this interactive map of the U.S.: https://sleepopolis.com/education/micro-stress-infographic/ (click on ‘embed’ to host)
------------------When Sleepopolis’ survey dug deeper, they found that 45% of people revealed that work issues are the biggest cause of micro-stresses, whether they have to work late, are taking on too much, or not feeling appreciated. No wonder then that 58% say they struggle to switch off when they get home.
All of this, sadly, is affecting our wellbeing; 60% of adults say they regularly have interrupted sleep when worrying about supposedly ‘minor’ things. Most are affected by micro-stresses as it comes to the end of the working day – just in time to take those worries home with them! With any luck, people will think carefully about how to manage these so they can enter 2019 feeling better and less stressed.
Leading psychologist Robert Stewart says: “Micro-stresses can occur daily and often without conscious recognition, yet with considerable impact. Neurologically each micro-stress results in a hormonal release of cortisol, a stress hormone that can result in increased weight gain and increased blood pressure. This activation of our flight and fight system can be unhealthy if not regulated properly, and whilst it may seem that repeated micro-stresses would mean we were more tired by the end of the day, the opposite can happen. The more micro-stress we experience, the more our brain becomes hyper vigilant. Hyper vigilance is there to protect us, so going to sleep is counter-intuitive. It is also likely that the more hyper vigilant we are, the less quality sleep we will experience as we are less likely to enter REM sleep, where the processing and unpacking of the day’s events happen. Thus, when we wake we feel groggier and consequently experience micro-stress more intensely. And a vicious cycle is created.
If we are to sleep better, we need to recognize the impact of micro stressors and learn to calm our mind through thought control or mindfulness.”
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Oatly Selects Utah for Future Expansion
SALT LAKE CITY (Jan. 9, 2019) — The Utah Governor’s Office of Economic Development (GOED) today announced Oatly, Inc. will expand its operations in Utah, planning to add up to 50 jobs, $2.9 million in new state revenue, and up to $40 million in capital investment in Weber County over the next seven years.
“Oatly is a great addition to Utah’s manufacturing community and will add to our food and beverage industry in the state,” said Val Hale, executive director of GOED. “As their first operation in the west, Ogden is a great fit and we’re excited to have them in Utah.”
Oatly is a food manufacturing company that develops and produces oat-based drinks and foods. The company is dedicated to helping people eat and drink healthier without taxing the planet's resources in the process. Oatly’s flagship product is their oatmilk, an original oat-based drink produced using patented enzyme technology that turns oats into nutritional and delicious liquid food. The company worked with Brian Corde from Atlas Insight LLC, a site selection firm based in Freehold New Jersey to help it arrive at this strategic location decision.
“As a 25-year-old company, we’ve been blown away by the enthusiasm and incredible demand for Oatly that we’ve seen here in the states over the past few years. We’re equally excited that we’ve been able to make our products for the US here in North America” said Oatly US General Manager Mike Messersmith. “Through this partnership with the state of Utah, our upcoming factory in Ogden will help us keep oatmilk in all the many coffeeshops, grocery stores and refrigerators that want it."
Oatly plans to create up to 50 jobs over the next seven years. The total wages in aggregate are required to exceed 110 percent of the average county wage. Projected new state wages over the life of the agreement may be up to $17,327,500, which includes wages, salaries, bonuses and other taxable compensation. Projected new state revenues, as a result of corporate, payroll and sales tax are estimated to be $2,954,627 over seven years.
“EDCUtah is excited for Oatly to establish a significant presence in Utah,” said Theresa Foxley, president and CEO of the Economic Development Corporation of Utah. “This will be the company’s first operation in the western U.S., and their corporate values of sustainability and environmental friendliness align nicely with our vision for economic development in Utah. Oatly will help raise the bar for employee compensation in the food and beverage manufacturing industry, and we appreciate the support of GOED, Ogden City, the Business Depot Ogden, and other partners to bring this project to fruition.”
Oatly may earn up to 10 percent of the new state taxes they will pay over the life of the seven-year life of the agreement in the form of a post-performance Economic Development Tax Increment Finance (EDTIF) tax credit rebate. As part of the contract with Oatly, the GOED Board of Directors has approved a post-performance tax credit rebate not to exceed $295,463. Each year that Oatly meets the criteria in its contract with the state, it will earn a portion of the total tax credit rebate.
“We welcome Oatly to Ogden,” said Ogden City Mayor Mike Caldwell. “The company’s commitment to healthy lifestyles aligns well with Ogden’s values and unmatched access to outdoor recreation. Oatly is a great community partner and we look forward to their presence in the community.”
The Utah Legislature has authorized economic development incentives in the form of post-performance tax rebates. Eligible companies work with the Utah Governor’s Office of Economic Development to outline specific performance criteria. Once GOED confirms those criteria have been met, companies can receive a refund up to 30 percent of the state taxes they paid for up to 20 years.
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About the Utah Governor’s Office of Economic Development (GOED)
Under the direction of Gov. Gary R. Herbert, the Utah Governor’s Office of Economic Development (GOED) provides resources and support for business creation, growth and recruitment, and drives increased tourism and film production in Utah. Utilizing state resources and private sector contracts, GOED administers programs in economic areas that demonstrate the highest potential for development. Learn more at business.utah.gov or by calling (801) 538-8680.
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