EDCUTAH INDUSTRY PROFILE FY OUTDOOR PRODUCTS IN UTAH

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Rosamond Curtis
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1 EDCUTAH INDUSTRY PROFILE FY - OUTDOOR PRODUCTS IN UTAH

MAJOR UNIVERSITIES AND COLLEGES O N T H E COV E R ENVE M-Series Carbon Fiber Wheel ENVE Composites innovated the road bike industry when they introduced their rim strip technology that been in

M A J O R E M P LOY E R S Utah State University Westminster College Utah Valley University Southern Utah University Weber State University Salt Lake Brigham Young University Dixie State University

2 MAJOR UNIVERSITIES AND COLLEGES O N T H E COV E R ENVE M-Series Carbon Fiber Wheel ENVE Composites innovated the road bike industry when they introduced their rim strip technology that been in development for over two years to prevent pinch flats. M A J O R E M P LOY E R S Utah State University Westminster College Utah Valley University Southern Utah University Weber State University Salt Lake Brigham Young University Dixie State University University of Utah Community College A LOGAN OGDEN 0 SALT LAKE CITY Industry Utah is proud to be home to companies like Amer Sports, Black Diamond, Easton, Icon Health and Fitness, Lifetime Products, and many others. Utah is one of the top states in the nation for outdoor products employment, employing more than,000 people. Utah, host of the hugely successful 00 Winter Olympics, operates many world-class sporting facilities. With its endless mountain ranges, rivers, lakes, wildlife, and the largest ski resort in North America (Park City Mountain Resort), Utah is the ultimate product-testing facility. Utah has a robust outdoor products manufacturing industry and is recognized nationally as one of the greatest states in the nation for outdoor sports and recreation. Utah is home to five national parks and a combined heritage, scenic, and recreation state parks. Utah has some of the nation s best ski resorts, with three of them consistently ranked in the top 0 nationally. Business Climate Forbes magazine has recognized Utah as The Best State for Business & Careers six of the past seven years. B Altra Running Amer Sports Atomic Ski Enve Composites Geigerrig Goode Ski Technologies Kahuna Creations Lifetime Products 0 Smith Optics Browning Vista Outdoor Black Diamond Equipment Cobra Firearms Cotopaxi Doppelmayr USA B DPS Skis Easton Technical Products Hoyt Archery 0 Specialized Bicycle Components PROVO From 0-, Utah s post-performance tax incentives facilitated nearly,000 new jobs and more than $.B in investment. 0 In 0, the Tax Foundation ranked Utah s Total Tax Climate as the th best in the nation. Since 0, Utah has eliminated or modified nearly 00 business regulations to ease the burdens placed on businesses. Workforce Utah offers a high employee concentration of outdoor products manufacturing-related occupations, with five times the national employment norm for a market the size of Utah, and increasing by more than % over the last five years. MOAB Utah has three major universities with programs specializing in Outdoor Products, including the Outdoor Product Design and Development degree at Utah State University the first-of-its-kind nationwide. The Outdoor Products industry in Utah greatly benefits from the Leisure and Hospitality industry, employing more than,000 people. Utah is recognized nationally as the place to be for outdoor products. It s why more than 00 leading outdoor products companies call Utah home. ST. GEORGE A P P L I E D T E C H N O LO GY CO L L E G E S E D C U TA H O U T D O O R P R O D U C T S P R O F I L E Updated Feb. 0 ICON Health & Fitness Natural Assets, Affordable Business Climate, Industry Expertise A E D C U TA H. O R G Bridgerland ATC Tooele ATC Southwest ATC Ogden-Weber ATC Mountainland ATC Dixie ATC Davis ATC Uintah Basin ATC Petzl Voile Equipment Reynolds Cycling Ogio Goal Zero Armada Skis Rossignol Fezzari Gold Tip 0 Action Target Grim Reaper Broadheads Barnes Bullets

Major Outdoor Products Employers COMPANY EMPLOYEES* DESCRIPTION Lifetime Products 000- map # Lifetime Products is a leading producer of plastic and metal products such as folding tables, chairs, and

ICON Health & Fitness 00- map # ICON Health and Fitness is one of the world s largest developers, manufacturers, and marketers of fitness equipment.

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

Amer Sports 00- map # Amer Sports is the sporting goods parent company for recognized brands, including Salomon, Wilson, Atomic, Arc teryx, Mavic, Suunto, and Precor.

Browning 00- map # Browning is an industry leader in the full spectrum of outdoor products, including sporting arms, technical hunting clothing, knives, gun safes, flashlights, and more.

Hoyt Archery 00- map # Hoyt Archery is an outdoor products company specializing in the manufacturing of archery and bow hunting equipment.

3 Major Outdoor Products Employers COMPANY EMPLOYEES* DESCRIPTION Lifetime Products 000- map # Lifetime Products is a leading producer of plastic and metal products such as folding tables, chairs, and basketball hoops. From top to bottom: Hoyt Archery compound bow, Easton archery arrow, Gold Tip arrow, and the slightly intimidating Grim Reaper Broadheads showing closed and opened. ICON Health & Fitness 00- map # ICON Health and Fitness is one of the world s largest developers, manufacturers, and marketers of fitness equipment. Black Diamond Equipment map # Black Diamond Equipment manufactures and develops rock climbing, skiing, and other outdoor products. Easton Technical Products map # Easton Technical Products manufactures and develops sporting goods, specializing in archery, hunting, camping, and more. Action Target 00- map #0 Action Target designs, manufactures, and installs shooting ranges, tactical combat houses, and portable steel targets. Amer Sports 00- map # Amer Sports is the sporting goods parent company for recognized brands, including Salomon, Wilson, Atomic, Arc teryx, Mavic, Suunto, and Precor. Barnes Bullets 00- map # Since, Barnes Bullets has been an industry leading manufacturer of percision small arms ammunition and muzzleloaders. Browning 00- map # Browning is an industry leader in the full spectrum of outdoor products, including sporting arms, technical hunting clothing, knives, gun safes, flashlights, and more. Goal Zero 00- map # Goal Zero develops portable solar panels, power packs, and lighting products, with a mission to put reliable power in the hands of every human being. Hoyt Archery 00- map # Hoyt Archery is an outdoor products company specializing in the manufacturing of archery and bow hunting equipment. Smith Optics 00- map #0 Smith Optics develops sports eyewear, goggles, sunglasses, and helmets for biking, motocross, skiing, surfing, and more. Doppelmayr USA map # Doppelmayr specializes in the production of drive platforms for fixed grip lift installations, tower structures, terminal enclosures, chair production, as well as electrical control systems and hydraulic systems for detachable and fixed grip lift installations. Enve Composites map # ENVE Composites designs and hand builds carbon wheels and component systems for mountain and road bikes. Fezzari map # Fezzari custom builds, designs, engineers, manufactures, and distributes road, mountain, and performance bicycles and related products. = Headquartered in Utah Goal Zero produces weatherproof portable solar power panels and fume-free generators for camping and emergencies. *SOURCE: Utah Department of Workforce Services EDCUTAH OUTDOOR PRODUCTS PROFILE EDCUTAH.ORG

C O M PA N Y E M P LOY E E S * DESCRIPTION Gold Tip Gold Tip develops and manufactures some of the most innovative, durable, and precisecarbon arrows for archery in the world.

Geigerrig 0- Goode Ski Technologies 0- Kahuna Creations 0- map # map # map # map # map # map #0 map # map # map # map # map # map # map # map # map # map # map # = Headquartered in Utah Ogio produces

Petzl designs and manufactures outdoor products and accessories for the climbing and caving industies. Reynolds Cycling brought the first carbon clincher wheelset to market.

4 C O M PA N Y E M P LOY E E S * DESCRIPTION Gold Tip Gold Tip develops and manufactures some of the most innovative, durable, and precisecarbon arrows for archery in the world. Ogio Petzl Reynolds Cycling Rossignol Specialized Bicycle Components Vista Outdoor Altra Running 0- Atomic Ski 0- Cobra Firearms 0- Cotopaxi 0- DPS Skis 0- Grim Reaper Broadheads 0- Armada Skis 0- Geigerrig 0- Goode Ski Technologies 0- Kahuna Creations 0- map # map # map # map # map # map #0 map # map # map # map # map # map # map # map # map # map # map # = Headquartered in Utah Ogio produces packs and bags for the outdoor industry, including golf bags, gear bags, and men s and women s apparel. Fezzari Kings Peak Fat Bike, named appropriately after Utah s highest peak. Petzl designs and manufactures outdoor products and accessories for the climbing and caving industies. Reynolds Cycling brought the first carbon clincher wheelset to market. They design, mold, and produce bicycle wheels and small components. Rossignol produces ski and snowboarding equipment, including goggles, helmets, bags, boots, apparel, and more. Specialized Bicycle Components produces bicycles and cycling equipment, such as wheels, tubes, helmets, boots, and apparel. Vista Outdoor is a leading global designer, manufacturer, and marketer of consumer products in the outdoor sports and recreation markets. Altra Running footwear is manufactured to help prevent injuries and make running better for all levels of athletes. Atomic Ski produces skis and skiing equipment, such as skis, poles, boots, helmets, goggles, bags, and apparel. Cobra Firearms develops and manufactures a line of derringer small pocket pistols and other small firearms. Cotopaxi designs and manufactures innovative outdoor products sucha as backpacks, hiking gear, camping gear, apparel, and outdoor accessories. DPS Skis manufactured the world s first pure prepreg carbon fiber sandwich ski and the first rockered ski with sidecut. Grim Reaper Broadheads manufactures and develops arrowheads, and are the inventor of Razortip Technology patented, mini-tip blade(s) that greatly enhances penetration. Armada Skis is the industry s first rider-owned, rider operated ski manufacturer, which produces top performing skis, poles, outerwear, and softgoods Geigerrig manufactures pressurized hydration packs utilizing in-line water filtration systems for any and all applications, including military, recreational, industrial, and medical. Goode Ski Technologies manufactures water skis, snow skis, ski poles, and other ski equipment and accessories. Kahuna Creations manufactures longboards and longboarding equipment, and are the inventors of the Landpaddle sparking the advent of the new sport, landpaddling. *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. E D C U TA H O U T D O O R P R O D U C T S P R O F I L E E D C U TA H. O R G

Resorts & Parks SKI RESORTS Or, what local

Resort Powder Mountain Resort Wolf Creek

Resort Brighton Resort Solitude Mountain

CITY Park City Deer Valley Resort Soldier

PA R K S PROVO Bear Lake Antelope Island

Deer Creek Yuba Piute Dead Horse Point 0

Petrified Forest Snow Canyon Sand Hollow

PA R K S Arches Canyonlands Capitol Reef

5 Resorts & Parks SKI RESORTS Or, what local companies like to call Open Product Testing Facilities. A LOGAN Beaver Mountain Ski Area Cherry Peak Resort Powder Mountain Resort Wolf Creek Resort Nordic Valley Ski Resort Snowbasin Resort Brighton Resort Solitude Mountain Resort Alta Ski Area B OGDEN B SALT LAKE CITY Park City Deer Valley Resort Soldier Hollow Sundance Mountain Resort 0 Snowbird Ski and Summer Resort A Eagle Point Ski Resort Brian Head Resort M A J O R S TAT E PA R K S PROVO Bear Lake Antelope Island East Canyon Great Salt Lake Wasatch Mountain Deer Creek Yuba Piute Dead Horse Point 0 Goblin Valley Edge of the Cedars Escalante Petrified Forest Snow Canyon Sand Hollow MOAB Coral Pink Sand Dunes 0 N AT I O N A L PA R K S Arches Canyonlands Capitol Reef Bryce Canyon Zion S T. G EO R G E E D C U TA H O U T D O O R P R O D U C T S P R O F I L E E D C U TA H. O R G

Recent Announcements Big Agnes Opens a Distribution Center in Salt Lake City, Utah (0) Big Agnes announced distirbution expansion plans designed to help the company meet growing demans for its

SnowSports Industries America Finds New Home in Utah (0) SnowSports Industries America announced their plans to to move their headquarters from Virginia to Utah.

The GOED Board of Directors has approved a post-performance Industrial Assistance Fund (IAF) grant not to exceed $00,000 to help in this relocation.

Black Diamond is Here to Stay (0) Black Diamond expanded their manufacturing operations in Utah, adding up to 0 jobs to the community and producing an expected capital investment of $. million.

The outdoor recreation cluster is near and dear to our hearts in this state, and we are grateful for the contribution Black Diamond makes.

6 Recent Announcements Big Agnes Opens a Distribution Center in Salt Lake City, Utah (0) 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 0,000 square foot distirbution center in Salt Lake City, Utah will create jobs. SnowSports Industries America Finds New Home in Utah (0) 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 $00,000 to help in this relocation. The move will create up to 0 jobs over three years, with total wages to exceed 0 percent of the county averge wage. Black Diamond is Here to Stay (0) Black Diamond expanded their manufacturing operations in Utah, adding up to 0 jobs to the community and producing an expected capital investment of $. 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 (0) Selle Royal group will be opening a new facility in Utah, with a plan to generate 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 (0) Armada Skis has indicated that they will be creating new jobs over the next eight years. The new Armada Skis facility has the potential to result in an expected capital investment of $00,000. 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. A climber ascends a rock wall in the canyonlands area near Indian Creek in Utah. ATK Selects Utah as Home Base for Proposed Spin-off Company, Vista Outdoor (0) 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 enthusiasts, and increasing position as hub for outdoor recreation companies support our decision to establish and consolidate the headquarters for this new and exciting company. EDCUTAH OUTDOOR PRODUCTS PROFILE EDCUTAH.ORG

7 Cost Profile Occupational Wages in Outdoor Products $0K Outdoor Products Industry Average Wage SOURCE: Bureau of Labor Statistics, May 0 UTAH $,0 CALIFORNIA $,0 COLORADO $,00 OREGON $,0 WASHINGTON $0,0 NATIONAL $,0 UTAH $0,00 CALIFORNIA $00,0 COLORADO $0,0 OREGON $,0 WASHINGTON $0,0 NATIONAL $,0 UTAH $,0 CALIFORNIA $00,00 COLORADO $,0 OREGON $,0 WASHINGTON $0,0 NATIONAL $,0 UTAH $,0 CALIFORNIA $,0 COLORADO $,0 OREGON $,0 WASHINGTON $,0 NATIONAL $,0 UTAH $,00 CALIFORNIA $,00 COLORADO $,000 OREGON $,00 WASH. $,000 NATIONAL $,00 UTAH $,0 CALIFORNIA $,0 COLORADO $,0 OREGON $,0 WASHINGTON $,0 NATIONAL $,0 Industrial Production Managers Industrial Engineers Graphic Designers Assemblers & Fabricators Welders, Cutters, Solderers, & Brazers Other Comparative Wages in Outdoor Products OCCUPATION UTAH CALIFORNIA COLORADO OREGON WASHINGTON NATIONAL First-Line Supervisors of Production and Operating Workers $,0 $,0 $,0 $,0 $,0 $,0 Fiberglass Laminators and Fabricators $,0 $,0 $,0 $0,0 $,0 $0,0 Team Assemblers $,0 $,0 $0,00 $,0 $,0 $0,00 Computer-Controlled Machine Tool Operators, Metal & Plastics $,0 $,0 $,0 $,00 $,0 $,0 Cutting, Punching Machine Tool Operators & Tenders, Metal & Plastic $,0 $,0 $,0 $,00 $,0 $,0 Real Estate $ Utilities 0 UTAH $0. CALIFORNIA $0. COLO. $0. OREGON $.0 Industrial Construction ($/sq.ft.) UTAH.0 CALIFORNIA 0. COLORADO.0 OREGON.0 WASH. $. WASH.. SOURCE: RSMeans NATIONAL $.0 NATIONAL. $ 0 $ 0 UTAH $. Industrial Lease ($/sq.ft.) UTAH $.0 CALIFORNIA $. CALIFORNIA $. COLORADO $. COLORADO $. OREGON $. OREGON $. WASHINGTON $. WASH. $. SOURCE: Loopnet N/A SOURCE: Energy Information Administration, January 0 NAT. $. Machinists $,0 $,0 $,0 $,0 $,0 $,00 Taxes Electricity / Industrial ( /kwh) Natural Gas / Industrial ($/000 Feet ) Molding, Coremaking & Casting Machine Setters Operators & Tenders, Metal & Plastic $0,0 $,0 $,0 $0,0 $,0 $0,0 Inspectors, Testers, Sorters, Samplers, & Weighers $,00 $,00 $,0 $,0 $0,0 $,0 $ UTAH $ CALIFORNIA $, COLORADO $, OREGON $,0 WASHINGTON $, NATIONAL $, 0% % % % % % Flat Rate UTAH.% Flat Rate CALIFORNIA.% Flat Rate COLORADO.% Top Rate OREGON *GRT N/A.% NATIONAL 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.

Education & Labor Lifetime Products produces four lines of high-density polyethylene kayaks.

Utah has an educated workforce, with over % of the population or over with a high school diploma and over 0% with a bachelor s degree.

DEGREES Utah State University DEGREE: utdoor Product O Design & Development University of Utah Weber State University DEGREE: P arks, DEGREE: O utdoor The Parks, Recreation, and Tourism programs

8 Education & Labor Lifetime Products produces four lines of high-density polyethylene kayaks. A State of Education Utah is home to major colleges and universities and has an excellent talent pipeline of over,000 students. Bachelor s and graduate awards grew by.% over the last five years. Utah has an educated workforce, with over % of the population or over with a high school diploma and over 0% with a bachelor s degree. 0 - T O TA L S TAT E W I D E E N R O L L M E N T & D E G R E E S,, Degree Enrollment 0,000 00,000 0,000 00,000 0,000 SOURCE: Utah System of Higher Education TOP THREE INSTITUTIONS WITH OUTDOOR DEGREES Utah State University DEGREE: utdoor Product O Design & Development University of Utah Weber State University DEGREE: P arks, DEGREE: O utdoor The Parks, Recreation, and Tourism programs prepare students in fields concerned with social, environmental, and economic aspects of society. Companies and public agencies support the curriculum by providing internships and employment. Outdoor and Community Recreation Education offers a minor in Recreation as well as an emphasis in recreation as part of a Bachelor of Integrated Studies. In addition, OCRE can be incorporated into any program of study. Recreation, & Tourism The first-of-its-kind Bachelor of Science program in Outdoor Product Design and Development offers academic, field, and industrybased experiences that bring together design, engineering, outdoor recreation, sustainability, and business. & Community Recreation Education The Labor Picture Utah s labor force is well educated, growing, and affordable. Utah created nearly,000 jobs in 0 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 0. and has an average wage of $,0, which is % lower than the nation. O U T D O O R P R O D U C T S E M P LOY M E N T I N D E X 0 Molding, Coremaking, and Casting Machine Operators, Metal and Plastic Welders, Cutters, Solderers, and Brazers 0 Graphic Designers This graph represents an index based on location quotients showing the large concentration of outdoor product-related occupations in Utah. Any occupation above the national average of 00 demonstrates a competitive advantage in Utah. Inspectors, Testers, Sorters, Samplers, and Weighers Team Assemblers Industrial Production Managers First-Line Supervisors of Production and Operating Workers 00 Sporting and Athletic Goods Manufacturing 0 00 National Average F I V E -Y E A R E M P LOY M E N T C H A N G E.0% U TA H.% N AT I O N E D C U TA H O U T D O O R P R O D U C T S P R O F I L E SOURCE: Bureau of Labor Statistics 0 E D C U TA H. O R G We have, well, a lot of sporting goods manufacturing.

Research Call Michael Stachitus, Research Manager: 0--

9 EDCUtah questions? Call Theresa Foxley, President & CEO: 0-- Project questions? Call Colby Cooley, Business Development Manager: 0--0 Research questions? Call Michael Stachitus, Research Manager: 0-- Have questions about the Outdoor Products industry in Utah? Call us at South Main Street, Suite 0, Salt Lake City, UT -00--UTAH () edcutah.org

Black Diamond Equipment, Ltd.

Black Diamond Equipment, Ltd. Company History Opened in 1989 after a group of former managers, with employee support bought assets of Chouinard Equipment from Lost Arrow Corporation during Chapter 11 bankruptcy