Nu Skin convention brings crowds, economic boost to Utah
By Jason Lee, Deseret News
http://www.deseretnews.com/article/86558...rings-crowds-economic-boost-to-Utah.html
Women from Korea take a "selfie" during a break from the Nu Skin Global Convention at EnergySolutions Arena in Salt Lake City on Thursday, Oct. 24, 2013. This week, the convention will bring about 15,000 attendees from around the world to Salt Lake City, pumping in an estimated $14 million into Utahs economy in just four days. It is second in size only to the Outdoor Retailer market and is the largest convention in the state from a local business. Laura Seitz, Deseret News
...Stinson said Salt Lake City has hosted 16 direct marketing conventions this year, all but two of which have been Utah-based companies. The total economic impact of those events has been more than $57 million, he said...
On Wednesday, Nu Skin announced the opening of its $100 million Innovation Center and expanded U.S. headquarters in downtown Provo.
Designed by Seattle-based architecture firm Bohlin Cywinski Jackson, the expanded U.S. headquarters campus includes more than 300,000 total square feet with amenities such research laboratories, a state-of-the-art data center, office and meeting space, a gym, dining facilities, an auditorium, an indoor fountain and an atrium.
According to Nu Skin Chief Financial Officer Ritch Wood, the company currently employs more than 5,500 people worldwide, with about 1,300 workers in Utah — 900 at the new headquarters. He said the company hopes to increase its workforce by 10 percent by next year.
Over the past three years, sales revenues for Nu Skin have grown from $1.5 billion to nearly $3 billion, Wood said. The company's global sales goal for 2020 is $10 billion, he said.
Wood noted that the company is already at 90 percent capacity at its new facility and could be in line to expand even further in two years.
The company also announced that its new Greater China regional headquarters and Innovation Park in Shanghai is expected to be completed by the end of the year...
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