EDCUTAH INDUSTRY PROFILE | FY 17-18 OUTDOOR PRODUCTS IN MAJOR UNIVERSITIES AND COLLEGES MAJOR EMPLOYERS

ON THE COVER 1 4 Westminster College 6 Utah Valley University 8 Southern Utah University 1 ICON Health & Fitness ENVE M-Series Carbon Fiber Wheel 2 Weber State University 5 Salt Lake 7 Brigham Young University 9 State University Community College 2 Altra ENVE Composites innovated the road bike industry when they 3 University of Utah 3 Amer Sports introduced their rim strip technology that been in development 4 Atomic Ski for over two years to prevent pinch flats. 5 Enve Composites A 6 Geigerrig

7 Goode Ski LOGAN Technologies 1 1 1 2 8 Kahuna Creations 9 Lifetime Products

10 Smith Optics

11 Browning OGDEN 12 Vista Outdoor

2 2 A 13 Black Diamond 10 Equipment 9 11

12 3 14 Cobra Firearms

SALT LAKE CITY 15 Cotopaxi 3 4 5 B 16 Doppelmayr USA 21 22 6 17 DPS Skis B 23 26 27 18 Easton Technical 24 4 25 Products

5 19 Hoyt Archery 28 Natural Assets, Affordable Business 20 29 6 Specialized Bicycle PROVO Components 7 30 31 Climate, Industry Expertise 21 Petzl 22 Voile Industry • From 2012-15, Utah’s post-performance tax incentives Equipment 32 23 Reynolds • Utah is proud to be home to companies like Amer Sports, facilitated nearly 25,000 new jobs and more than $2.5B Cycling Black Diamond, Easton, Icon Health and Fitness, in investment. 24 Ogio Lifetime Products, and many others. Utah is one 25 Goal Zero of the top states in the nation for outdoor products • In 2017, the Tax Foundation ranked Utah’s Total Tax 26 Armada Skis 27 Rossignol employment, employing more than 7,000 people. Climate as the 9th best in the nation. Since 2011, Utah has eliminated or modified nearly 400 business 28 Fezzari 29 Gold Tip • Utah, host of the hugely successful 2002 Winter Olympics, regulations to ease the burdens placed businesses. 30 Action Target

operates many world-class sporting facilities. With its 31 Grim Reaper endless mountain ranges, rivers, lakes, wildlife, and the Broadheads 32 Barnes Bullets largest in North America (Park City Mountain Workforce MOAB Resort), Utah is the ultimate product-testing facility. • Utah offers a high employee concentration of outdoor products manufacturing-related occupations, with five • Utah has a robust outdoor products manufacturing times the national employment norm for a market industry and is recognized nationally as one of the the size of Utah, and increasing by more than 13% over greatest states in the nation for outdoor sports and the last five years.

recreation. Utah is home to five national parks and a 7 8 combined 45 heritage, scenic, and recreation state parks. • Utah has three major universities with programs Utah has some of the nation’s best ski resorts, with three specializing in Outdoor Products, including the of them consistently ranked in the top 10 nationally. Outdoor Product Design and Development degree at Utah State University—the first-of-its-kind nationwide.

Business Climate • The Outdoor Products industry in Utah greatly benefits

from the Leisure and Hospitality industry, employing 8 9 • Forbes magazine has recognized ST. GEORGE Utah as “The Best State for more than 147,000 people. Utah is recognized nationally Business & Careers” six of the as the place to be for outdoor products. It’s why more past seven years. than 200 leading outdoor products companies call Utah home.

APPLIED TECHNOLOGY COLLEGES

1 Bridgerland ATC 4 Tooele ATC 7 Southwest ATC

2 Ogden-Weber ATC 5 Mountainland ATC 8 Dixie ATC

EDCUTAH OUTDOOR PRODUCTS PROFILE EDCUTAH.ORG 3 Davis ATC 6 Uintah Basin ATC Updated Feb. 2017 Major Outdoor Products Employers From top to bottom: Hoyt Archery com- pound bow, Easton COMPANY EMPLOYEES* DESCRIPTION archery arrow, Gold Tip arrow, and the slightly intimidating Lifetime 1000-1999 Lifetime Products is a leading producer of plastic and metal products such as folding Grim Reaper Broad- map #9 Products tables, chairs, and hoops. heads – showing closed and opened.

ICON Health 500-999 ICON Health and Fitness is one of the world’s largest developers, manufacturers, and & Fitness map #1 marketers of fitness equipment.

Black Diamond 250-499 Black Diamond Equipment manufactures and develops rock climbing, skiing, and other Equipment map #13 outdoor products.

Easton Technical 250-499 Easton Technical Products manufactures and develops sporting goods, specializing in Products map #18 archery, hunting, camping, and more.

Action 100-249 Action Target designs, manufactures, and installs shooting ranges, tactical combat Target map #30 houses, and portable steel targets.

Amer 100-249 Amer Sports is the sporting goods parent company for recognized brands, including Sports map #3 Salomon, Wilson, Atomic, Arc’teryx, Mavic, Suunto, and Precor.

Barnes 100-249 Since 1932, Barnes Bullets has been an industry leading manufacturer of percision small Bullets map #32 arms ammunition and muzzleloaders.

Browning 100-249 Browning is an industry leader in the full spectrum of outdoor products, including map #11 sporting arms, technical hunting , knives, gun safes, flashlights, and more.

Goal 100-249 Goal Zero develops portable solar panels, power packs, and lighting products, with a Zero map #25 mission to put reliable power in the hands of every human being.

Hoyt 100-249 Hoyt Archery is an outdoor products company specializing in the manufacturing of Archery map #19 archery and bow hunting equipment.

Smith 100-249 Smith Optics develops sports eyewear, goggles, sunglasses, and helmets for biking, Optics map #10 motocross, skiing, , and more.

Doppelmayr 50-99 Doppelmayr specializes in the production of drive platforms for fixed grip lift installations, USA map #16 tower structures, terminal enclosures, chair production, as well as electrical control systems and hydraulic systems for detachable and fixed grip lift installations.

Enve 50-99 ENVE Composites designs and hand builds carbon wheels and component systems for Composites map #5 mountain and road bikes.

Fezzari 50-99 Fezzari custom builds, designs, engineers, manufactures, and distributes road, moun- map #28 tain, and performance bicycles and related products.

= Headquartered in Utah *SOURCE: Utah Department of Workforce Services Goal Zero produces weatherproof portable solar power panels and fume-free generators for camping and emergencies.

EDCUTAH OUTDOOR PRODUCTS PROFILE EDCUTAH.ORG COMPANY EMPLOYEES* DESCRIPTION

Gold Tip 50-99 Gold Tip develops and manufactures some of the most innovative, durable, and precise- map #29 carbon arrows for archery in the world.

Fezzari Kings Peak Ogio 50-99 Ogio produces packs and bags for the outdoor industry, including bags, gear bags, Fat Bike, named map #24 and men’s and women’s apparel. appropriately after Utah’s highest peak.

Petzl 50-99 Petzl designs and manufactures outdoor products and accessories for the climbing and map #21 caving industies.

Reynolds 50-99 Reynolds Cycling brought the first carbon clincher wheelset to market. They design, Cycling map #23 mold, and produce bicycle wheels and small components.

Rossignol 50-99 Rossignol produces ski and snowboarding equipment, including goggles, helmets, map #27 bags, boots, apparel, and more.

Specialized Bicycle 50-99 Specialized Bicycle Components produces bicycles and cycling equipment, such as Components map #20 wheels, tubes, helmets, boots, and apparel.

Vista 50-99 Vista Outdoor is a leading global designer, manufacturer, and marketer of consumer Outdoor map #12 products in the outdoor sports and recreation markets.

Altra 20-49 Altra Running is manufactured to help prevent injuries and make running Running map #2 better for all levels of athletes.

Atomic 20-49 Atomic Ski produces skis and skiing equipment, such as skis, poles, boots, helmets, Ski map #4 goggles, bags, and apparel.

Cobra 20-49 Cobra Firearms develops and manufactures a line of derringer small pocket pistols and Firearms map #14 other small firearms.

Cotopaxi 20-49 Cotopaxi designs and manufactures innovative outdoor products sucha as backpacks, map #15 hiking gear, camping gear, apparel, and outdoor accessories.

DPS 20-49 DPS Skis manufactured the world’s first pure prepreg carbon fiber sandwich ski and Skis map #17 the first rockered ski with sidecut.

Grim Reaper 20-49 Grim Reaper Broadheads manufactures and develops arrowheads, and are the inventor Broadheads map #31 of Razortip Technology—patented, mini-tip blade(s) that greatly enhances penetration.

Armada Skis 10-19 Armada Skis is the industry’s first rider-owned, rider operated ski manufacturer, which map #26 produces top performing skis, poles, outerwear, and softgoods

Geigerrig 10-19 Geigerrig manufactures pressurized hydration packs utilizing in-line water filtration systems map #6 for any and all applications, including military, recreational, industrial, and medical.

Goode Ski 10-19 Goode Ski Technologies manufactures water skis, snow skis, ski poles, and other ski Technologies map #7 equipment and accessories.

Kahuna 10-19 Kahuna Creations manufactures longboards and longboarding equipment, and are the Creations map #8 inventors of the Landpaddle—sparking the advent of the new sport, landpaddling.

= Headquartered in Utah *SOURCE: Utah Department of Workforce Services

We’re enthusiasts of all forms of skiing—not just the frozen type. Goode skis develops advanced tecnology for all types of skiing. See them at goode.com. Kahuna Creations: Paying tribute to the ancient Hawaiian board riders, but here in Utah.

EDCUTAH OUTDOOR PRODUCTS PROFILE EDCUTAH.ORG SKI RESORTS 1 11 2 4 Or, what local companies like to call 1 Resorts & Parks “Open Product Testing Facilities.” Ski Area 2 Cherry Peak Resort

3 Resort

A 4 Wolf Creek Resort 5 Nordic Valley 2 1 1 Ski Resort LOGAN 6 Resort

7 Brighton Resort 8 B 9

A 10 Snowbird Ski and 2 Summer Resort OGDEN 11 Park City

12 Resort

B 3 13 14 Sundance 4 Mountain Resort

15 Eagle Point Ski Resort 12 16 Brian Resort 11

5 13

17 12 14 MAJOR STATE PARKS 9 PROVO 1 Bear Lake

6 2 Antelope Island 3 East Canyon

4 5 Wasatch Mountain 6 Deer Creek

7 Yuba 8 Piute

9 Dead Horse Point

7 10 Goblin Valley

11 Edge of the Cedars 12 Escalante Petrified Forest

13 Snow Canyon

14 Sand Hollow

15 Coral Pink MOAB 1 Sand Dunes

10 NATIONAL PARKS 7 9 1 Arches 15 2 2 Canyonlands

3 Capitol Reef 1 3 5

3 4 Bryce Canyon 5 Zion

12

16 11 4

13

14 5 ST. GEORGE

15

EDCUTAH OUTDOOR PRODUCTS PROFILE EDCUTAH.ORG Recent Announcements

Big Agnes Opens a Distribution Center in Salt Lake City, Utah (2016) Big Agnes announced distirbution expansion plans designed to help the company meet growing demans for its products domestically and internationally. The goal is to decrease shipping time and increase efficiency. Their new 30,000 square foot distirbution center in Salt Lake City, Utah will create 11 jobs.

SnowSports Industries America Finds New Home in Utah (2016) SnowSports Industries America announced their plans to to move their headquarters from Virginia to Utah. As part of the project, SIA will relocate a small number of Virginia staff to Utah, along with hiring new employees in the state. The GOED Board of Directors has approved a post-performance Industrial Assistance Fund (IAF) grant not to exceed $100,000 to help in this relocation. The move will create up to 30 jobs over three years , with total wages to exceed 150 percent of the county averge wage.

Black Diamond is Here to Stay (2015) Black Diamond expanded their manufacturing operations in Utah, adding up to 160 jobs to the community and producing an expected capital investment of $7.7 million. “We are especially excited that Black Diamond has selected Utah for their re-shoring and native expansion,” said Val Hale, executive director of GOED. “The outdoor recreation cluster is near and dear to our hearts in this state, and we are grateful for the contribution Black Diamond makes.”

Selle Royal to Open New Facility in Utah (2015) Selle Royal group will be opening a new facility in Utah, with a plan to generate 65 jobs in the next seven years. “The state of Utah, and Ogden in particular, is becoming a great area for the outdoor industry, and we think we can attract great talent here,” said Gaspare Licata, general manager of Selle Royal North America. “We thank the city of Ogden for being such a committed partner to build this important pillar for the growth of our group.”

Home of the Greatest Snow on Earth Now Home to Armada Skis (2014) Armada Skis has indicated that they will be creating 56 new jobs over the next eight years. The new Armada Skis facility has the potential to result in an expected capital investment of $500,000. “Armada is excited about relocating to Utah. We would like to thank EDCUtah, GOED, and the Summit County Council for their support in our planned relocation,” said Erik Snyder, CEO of Armada Skis. “The combination of Utah’s business environment and abundance of world class skiing make Summit County the ideal home for Armada’s future.”

ATK Selects Utah as Home Base for Proposed Spin-off Company, Vista Outdoor (2014) “ATK is pleased to partner with the State of Utah as it establishes a new, global headquarters for Vista Outdoor,” said Mark DeYoung, ATK president and chief executive officer. DeYoung, a Utah native, has been named as the chairman and CEO for Vista Outdoor. “Utah’s talented and well-educated workforce, high quality of life, appeal to outdoor A climber ascends a rock wall in the enthusiasts, and increasing position as hub for outdoor recreation companies support our decision to establish and canyonlands area near Indian Creek in Utah. consolidate the headquarters for this new and exciting company.”

EDCUTAH OUTDOOR PRODUCTS PROFILE EDCUTAH.ORG Cost Profile

Occupational Wages in Outdoor Products $120K Outdoor Products Industry Average Wage SOURCE: Bureau of Labor Statistics, May 2016

100 $110,260 $110,260 $102,720 $102,720 $101,760 $101,760 $97,140 $97,140 $99,950 $99,950

80 $100,300 $100,440 $100,440 $68,680 $92,950 $92,950 $90,300 $90,300 $84,310 $82,210 $59,230 $60,540 $81,960 60 $54,090 $46,340 $45,810 $42,280 $42,450 $41,670 $41,000 $41,000 $39,570 $39,570 $39,390 $39,390 $38,770

40 $34,000 $33,600 $33,400 $33,200 $54,390 $54,390 $53,850 $53,850 $31,400 $49,640 $49,640 $47,640 $48,240 $48,240 $44,860 20 UTAH CALIFORNIA COLORADO OREGON WASHINGTON NATIONAL UTAH CALIFORNIA COLORADO OREGON WASHINGTON NATIONAL UTAH CALIFORNIA COLORADO OREGON WASHINGTON NATIONAL UTAH CALIFORNIA COLORADO OREGON WASHINGTON NATIONAL UTAH CALIFORNIA COLORADO OREGON WASH. NATIONAL UTAH CALIFORNIA COLORADO OREGON WASHINGTON NATIONAL

Industrial Production Managers Industrial Engineers Graphic Designers Assemblers & Fabricators Welders, Cutters, Solderers, & Brazers

Real Estate SOURCE: RSMeans SOURCE: Loopnet Other Comparative Wages in Outdoor Products $150 $12

125 10 $8.59 $8.59 $7.77 $7.77 OCCUPATION UTAH CALIFORNIA COLORADO OREGON WASHINGTON NATIONAL $8.12 $140.65 $140.65 100 8 $7.57 $6.26 $121.32 $122.30 First-Line Supervisors $119.70 75 6 $108.41 $108.41

of Production and $106.16 Operating Workers $55,720 $57,240 $61,670 $54,620 $66,980 $57,780 50 4 N/A

25 2 WASH. Fiberglass UTAH CALIFORNIA COLO. OREGON NATIONAL UTAH CALIFORNIA COLORADO OREGON WASHINGTON Laminators and Industrial Construction ($/sq.ft.) Industrial Lease ($/sq.ft.) Fabricators $31,180 $31,570 $24,310 $30,590 $36,550 $30,870 Utilities Team Assemblers $28,770 $27,960 $30,100 $28,310 $32,780 $30,060 12¢ $12 SOURCE: Energy Information Administration, January 2016 Computer-Controlled 10 10 Machine Tool Opera- $7.25 8 7.10¢ 8

tors, Metal & Plastics $34,360 $36,560 $35,730 $37,500 $56,410 $37,880 6.63¢ 10.64¢ 10.64¢ 6.03¢ $5.70 5.70¢ $5.41 6 6 $5.17 4.58¢ $4.19

Cutting, Punching $7.52 Machine Tool Opera- 4 4 tors & Tenders, Metal 2 2 & Plastic $32,670 $31,950 $33,220 $34,700 $37,750 $32,370 UTAH CALIFORNIA COLORADO OREGON WASH. NATIONAL UTAH CALIFORNIA COLORADO OREGON WASH. NAT.

Electricity / Industrial (¢/kWh) Natural Gas / Industrial ($/1000 Feet3) Machinists $46,950 $42,270 $44,820 $47,590 $48,490 $41,700 Taxes Molding, Coremaking $2000 10% & Casting Machine $1,421 1600 8% $1,385

Setters Operators $1,365 $1,350 $1,350

& Tenders, Metal & $1,364 Plastic $30,750 $29,150 $26,280 $30,780 $35,620 $30,480 1200 6% $952 $952

Inspectors, Testers, 800 4% N/A Flat Rate Flat Flat Rate Flat

Sorters, Samplers, & Rate Top 400 2% Rate Flat

Weighers $36,010 $38,090 $38,320 $36,390 $50,550 $36,780 NATIONAL UTAH CALIFORNIA COLORADO OREGON WASHINGTON UTAH CALIFORNIA COLORADO OREGON NATIONAL 5% 4.63% 4.63% 8.84% 7.6% *GRT 6.87%

Property Tax (Collections per capita) Corporate Income Tax SOURCE: taxfoundation.org

EDCUTAH OUTDOOR PRODUCTS PROFILE EDCUTAH.ORG * GRT = Gross Receipts Tax. Businesses are taxed on ALL business sales transactions instead of corporate income. Lifetime Products produces four lines Education & Labor of high-density polyethylene kayaks. A State of Education Utah is home to 12 major colleges and universities and has an excellent talent pipeline of over 212,000 students. Bachelor’s and graduate awards grew by 31.3% over the last five years. Utah has an educated workforce, with over 91% of the population 25 or over with a high school diploma and over 30% with a bachelor’s degree.

2015-16 TOTAL STATEWIDE ENROLLMENT & DEGREES 212,635

46,615 Enrollment Degree

50,000 100,000 150,000 200,000 250,000

SOURCE: Utah System of Higher Education

TOP THREE INSTITUTIONS WITH OUTDOOR DEGREES Utah State University University of Utah Weber State University DEGREE: Outdoor Product DEGREE: Parks, Recreation, DEGREE: Outdoor & Community Design & Development & Tourism Recreation Education

The first-of-its-kind The Parks, Recreation, Outdoor and Community Bachelor of Science and Tourism programs Recreation Education offers program in Outdoor Product prepare students in fields a minor in Recreation as well Design and Development concerned with social, as an emphasis in recreation offers academic, field, and industry- environmental, and economic aspects of as part of a Bachelor of based experiences that bring together society. Companies and public agencies Integrated Studies. In addition, OCRE design, engineering, outdoor recreation, support the curriculum by providing can be incorporated into any program of sustainability, and business. internships and employment. study.

The Labor Picture Utah’s labor force is well educated, growing, and affordable. Utahcreated nearly 48,000 jobs in 2016 and maintained one of the highest job growth rates in the nation throughout the year. Utah is the youngest state in the nation with a median age of 30.6 and has an average wage of $45,590, which is 15% lower than the nation.

OUTDOOR PRODUCTS EMPLOYMENT INDEX

140 Graphic Designers

125 Molding, Coremaking, and Casting Machine Operators, Metal and Plastic

125 Welders, Cutters, Solderers, and Brazers This graph represents an index based on location quotients showing 116 Inspectors, Testers, Sorters, Samplers, and Weighers the large concentration of outdoor 113 Team Assemblers product-related occupations in Utah. Any occupation above the national 112 Industrial Production Managers average of 100 demonstrates a competitive advantage in Utah. 101 First-Line Supervisors of Production and Operating Workers

Sporting and Athletic Goods Manufacturing 1002

50 100 National 150 200 250 300 350 We have, well, a lot Average of sporting goods manufacturing. FIVE-YEAR EMPLOYMENT CHANGE

UTAH 17.02%

NATION 8.87% SOURCE: Bureau of Labor Statistics

4 8 12 16 20

EDCUTAH OUTDOOR PRODUCTS PROFILE EDCUTAH.ORG EDCUtah questions? Project questions? Research questions? Call Theresa Foxley, Call Colby Cooley, Call Michael Stachitus, President & CEO: Business Development Research Manager: 801-328-8857 Manager: 801-323-4253 801-323-4250

Have questions about the Outdoor Products industry in Utah? Call us at 1-800-574-8824.

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