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Outdoor Products & Recreation. Cluster Strategy & Outcomes. Promote Utah as “Place” for Outdoor Business Target segments of Outdoor Industry Visit Outdoor business in the state Bicycle, Ski, Climbing, Camping Recruit quality Outdoor companies
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Cluster Strategy & Outcomes Promote Utah as “Place” for Outdoor Business Target segments of Outdoor Industry Visit Outdoor business in the state Bicycle, Ski, Climbing, Camping Recruit quality Outdoor companies Involve various stake holders in Outdoor Ind Local officials Outdoor organizations & committees Recent wins: Amer, Rossignol, Ortovox, QBP
ACTIVE OUTDOOR RECREATION Contributes $5.8 billion annually to Utah’s economy Supports 65,000 jobs across Utah Generates nearly $300 million in annual state tax revenues Produces nearly $4 billion annually in retail sales and services across Utah — accounting for almost 5% of gross state product
Utah Bicycle Economics ≈ 36,000 Bicycles sold by IBD’s per year ≈ $600 per bike = $21,600,000 ≈ 120 IBD stores in Utah ≈ $500,000 per IBD per year = $60 million ≈ 10 employee’s per IBD store = 1200 employee
Utah Bicycle Economics 21 manufacturer/distributor of bicycle products ≈ 250 employees From one employee to over eighty ≈ $115 Million per year From $200,000 to over $50 Million
Me • GOED Outdoor Industry Cluster Director • Partner & Manager of Wasatch Touring Co. • President & Financial Officer of Nordic Group • a retail buyers group • V.P. Wasatch Equipment • manufacture & distributor of snow study equipment • import & export of ski equipment • Backpacker & Hiker • Backcountry Skier • Mountain & Road biker
