Utah’s Tier III Cities
- Draper 34,873
- Lehi 31,468
- Tooele 27,752
- Midvale 27,587
- American Fork 25,762
- Springville 25,049
- Cedar City 23,299
- South Salt Lake 22,060
Source: US Bureau of the Census,
Utah’s Tier II Cities
- The percent of anticipated growth in the next
five years is highest in Lehi at 6.2 percent, and
lowest in South Salt Lake at 0.6 percent. The state
average is 3.11 percent.
- The average household size is highest in Lehi —
3.7 persons per household, and lowest in South Salt
Lake —2.4. The state average was 3.11 persons.
- Median home value was highest in Draper —
$314,289, and lowest in South Salt Lake —
$146,980. The state average was $183,752.
- The percent of residents 25 years and older that
have completed high school was highest in Tooele at
93.1 percent, and lowest in South Salt Lake at 74.0
percent. The state average was 90.5 percent.
- The percent of residents 25 years and older that
have completed a bachelor’s degree was highest in
Tooele — 35.6 percent, and lowest in South Salt
Lake —13.4 percent. The state average was 26.2
- The average travel time to get to work was
lowest in Cedar City —12.0 minutes, and highest in
Tooele —33.9 minutes. The state average was 21.3
- The percentage of workers traveling to work
alone in a vehicle was lowest in Tooele —67.1
percent, and highest in American Fork —80.7
percent. The state average was 75.5 percent.
- The percentage of single family detached homes
was lowest in South Salt Lake — 39.4 percent, and
highest in Lehi —83.6 percent. The state average
was 67.7 percent.
- The median year households were built was
oldest in South Salt Lake — 1966, and youngest in
Lehi — 1991. The state average was 1976.
Source: US Bureau of the Census, ESRI,
Bonneville Research, 2006
Note: The term "Tier III Cities" is used by
Bonneville Research to distinguish a natural
population grouping of cities, and represents no
official or governmental designation.
- There was a larger than expected upward
revision to real GDP growth for the third quarter—to
2.2% annualized from 1.6% in the advance estimate.
The upward revision came from lower imports, higher
inventories and greater consumer spending on
services; these were partly offset by a downward
revision to consumer spending on durable goods.
Profits from current production increased $66.2 billion
at an annualized pace in the third quarter from the
second, setting another record. Growth remains
below potential, largely due to the contracting
- Personal Income
- Personal income rose 0.4% in October,
slightly below expectations and a 0.5% increase in
September. Spending rose 0.2%, in line with
expectations, and up from September’s downwardly
revised 0.2% decline. The core PCE deflator rose
0.2%, while the top line deflator fell 0.2% due to
tumbling energy prices. The saving rate rose to -
- Global Business Confidence
- Global business confidence remains fragile.
Sentiment remains about where it has been since
late summer, but it is down sharply from where it was
a year ago, and its level is consistent with global
growth that is below potential. Vehicle and
transportation companies are dour, and confidence
among residential real estate and manufacturing firms
continues to slip. Businesses are turning less
aggressive in their investment plans. Equipment and
software investment is still strong, but weakening,
while businesses are liquidating inventory. Pricing
pressures are abating with the weaker conditions and
lower energy and other commodity prices.
- UBS Index of Investor Optimism
- The UBS Index of Investor Optimism rose for
the third consecutive month in November. This month
the index rose 14 points to 93, its highest level since
January. The improvement in the index over the past
several months has been driven by lower gasoline
prices, cresting inflation and subsiding fears of a
housing market crash.
- Existing Home Sales
- Existing home sales picked up in October,
according to the Realtor’s data. Sales of existing
homes advanced a slight 0.5%, with the pace of
sales up to 6.24 million units in October. House-price
appreciation is down again on a year-ago basis,
however, this month it is down by 3.5%. The months
of inventory picked up a bit to 7.4, although this
number is not adjusted for seasonal factors.
- New Home Sales (C25)
- New home sales are down in October. The
pace of sales fell by 3.2% m/m to 1.004 million
annualized units. Census also revised downward
September sales. Months of inventory increased
slightly from September, but the median price did
- MBA Mortgage Applications Survey
- Mortgage demand decreased 3.9% in the
week ending November 24. The decline was solely
due to refinance applications, which fell 9.6%.
Purchase applications increased 1.3%.
- Chain Store Sales
- Chain store sales grew 2.1% in November,
down from 3.0% in October, according to the ICSC
chain store index. Results were modestly below
expectations although they were mixed across
retailers. Warm, wet weather and weakening housing
markets received some of the blame for the
- Durable Goods (Advance)
- New orders for durable goods fell 8.3% in
October, following a gain of 8.7% in September. Ex
transportation orders were down 1.7% and core
- Weekly Natural Gas Storage Report
- Underground storage of natural gas
decreased by 32 billion cubic feet during the week
ending November 24. This was more than the
expected draw of 22 Bcf from storage. Inventories
are now 7.2% above the five-year average. This
report is likely to add some bullish pressure to
- Oil and Gas Inventories
- Crude oil inventories fell by 0.3 million barrels
for the week ending November 24, according to the
Energy Information Administration, slightly above
expectations of a 0.1 million barrel draw. Distillate
inventories fell by 1 million barrels, above
expectations of a 0.4 million barrel draw. Gasoline
stocks fell 0.6 million barrels, in line with
expectations. This is a neutral report, and will have a
limited impact on prices.
- Agricultural Prices
- The All Farm Products Index of Prices
Received by Farmers rose 4.3% in November from
October. The crop index increased 8.7%, while the
livestock decreased 0.9%. In addition to price
movements, the index is also affected by seasonal
factors based on the mix of commodities sold.
Farmers received lower prices for cattle, tomatoes,
oranges, and hogs. Higher prices were posted for
corn, soybeans, eggs, and milk. The Index of Prices
Paid by Farmers was unchanged from October, but
2.8% above the level of a year ago. Farmers paid
higher prices for feed grains, feed supplements, feed
concentrates, and complete feeds, and lower prices
feeder cattle, mixed fertilizers, LP gas, and
- Construction Spending (C30)
- Construction spending decreased 1.0% in
October, lower than projections. Private construction
decreased 1.5%, due to a weakening in both
residential and nonresidential construction. In
addition, public construction increased 0.8%.
- Vehicle Sales – AutoData
- Vehicle sales on a seasonally adjusted
annualized basis eased slightly in November to a pace
of 16 million units, despite rising incentives. The
easing occurred because of weakening light truck
sales - 8.6 million units, while cars sales edged
higher, to 7.4 million.
Tier III Cities
Advice for Entrepreneurs
This weeks leads
US: The National Association of Realtors
recently announced that existing home sales in the
United States rose 0.5 percent in October, following
a seven-month decline. Though that decline, and a
drop in home prices in 2006, might seem to indicate
trouble for the U.S. housing market, the market is
CHINA: China's National Development
and Reform Commission announced plans Nov. 30 to
demolish 26 steel firms in 2007 as part of a move to
reduce output by 100 million tons by 2011. Spurred
by subsidized credit, China has witnessed an
explosion in the number of producers of steel
products during the past five years, most of which
are small inefficient producers of low-quality steel.
Consequently, China is currently the world's largest
importer, exporter, producer and consumer of steel.
MEXICO: The World Bank, the
International Monetary Fund and the Bank of Mexico
have demanded that Mexico open both private and
public sectors to competition, El Universal reported
Nov. 28. The organizations point to monopolistic
conditions in the electricity, petroleum,
telecommunications and education sectors. The Bank
of Mexico will present a report Nov. 28 documenting
the failure of the Federal Commission on Competence
to resolve monopolistic practices in Mexico's
telecommunications company, Telmex. But do not
expect any changes; legalizing foreign involvement in
the energy sector would first require a deeply
unpopular change in the constitution.
ANGOLA: Angola's Council of Ministers
officially filed the country's application to join the
Organization of the Petroleum Exporting Countries
(OPEC) on Nov. 30, and hopes to join the oil cartel
by March 2007. By joining, Angola would become
OPEC's 12th member, and its ninth largest in terms of
production. However, Angola has no intent of abiding
by OPEC's quota regime, and instead plans to boost
its oil output by nearly 50 percent, from its current
1.4 million barrels per day (bpd) to 2.0 million bpd by
the end of 2007.
RUSSIA/EU: The European Union and
Russia signed an agreement Nov. 24 on the reduction
and subsequent abolition by 2014 of overflight tariffs
for trans-Siberian flights levied on European airlines,
which are expected to total some $331 million in
2006. Russia will begin reducing tariffs in 2010 and
phase them out completely by the end of 2013.
Russia and the European Union have had a long-
standing conflict over the fees, with the union
threatening to stall Russia's accession to the World
Trade Organization over the issue.
KAZAKHSTAN: Kazakhstani Energy
Minister Baktykozha Izmukhambetov said Nov. 28
that the country has downgraded its long-term oil
output forecast and plans to produce 2.6 million
barrels per day (bpd) by 2015 rather than the
previously projected 3.0 million bpd. The reduction is
due to production delays in the Caspian and the
difficulty of developing the offshore fields. The
Kashagan project in particular is unlikely to launch
until 2009 at the earliest, as it is proving one of the
most difficult to develop. However, the Kashagan
consortium now expects ultimate output from the
project to be 50 percent higher than originally
predicted -- 1.5 million bpd instead of 1.0 million bpd.
IRAN: Ali Faraji, chief of the board of
directors of Mazandaran Oil Refinery Co., said
Germany's Siemens will soon begin construction, in
league with Iranian firms, of an oil refinery in the
northern province of Mazandaran. Faraji said the
refinery will be built between the northern cities of
Neka and Behshahr, and that the crude oil required
for the refinery will be supplied by Azerbaijan (all of
Iran's oil is in the country's south, but its population
centers are in the north). If Iran can realize this
project, it will finally establish itself as a destination
for Caspian crude oil as well as increase exports from
its southern oil fields, both of which are long-time
GERMANY: Germany's Cabinet has
approved plans to raise the retirement age from 65
to 67. If the move gets parliamentary approval, the
change will be gradually phased in between 2012 and
2029. According to Labor Minister Franz
Muentefering, only 45 percent of Germans over the
age of 55 are currently employed. Germany's pension
program is in far more dire straits than its U.S.
counterpart. By 2050, Germany expects the average
age of its citizens to have increased to from 42 to 50
and the workforce to have shrunk from 50 million to
Source: Strategic Forecasting
|Advice for Entrepreneurs
Start young: "When my Mum told me to tidy my
bedroom I would take all my half-used Barbie
lipsticks, put price tags on them and go door-to-door
in our neighbourhood."
Be secretive: "I didn't tell family or friends my
idea for a year. When I revealed it, they came up
with all sorts of reasons why it wouldn't work. If I'd
listened to that from day one I'd have given up."
Think like a consumer: "Mill owners were fixated
on hosiery being seen on the leg. They didn't
understand that girls might want to hide it. I told
them: 'I'm a woman. Trust me'."
Use word of mouth:"Once women tried our
products they got hooked and told their friends.
Spanx makes women look a size smaller, so who
wouldn't want to tell their girlfriends?"
Know when to let go: "Entrepreneurs are good at
starting something from nothing but they're not
always the best person to take the company to the
Sara Blakely is the founder of Spanx. She still
owns 100 per cent of the company, which has been
profitable and self-financing from the
outset. “Everything has grown out of that original
$5,000,” she says.
“When I started Spanx, my friends asked what
my exit strategy was,” she recalls. “I told them my
only strategy was to exit a room looking good in
Source: The Financial Times Limited 2006
- Children, Youth, and Families at Risk Sustainable
- POSTED: 11/3/2006
- FUNDING SOURCE: USDA
- ELIGIBILITY: Cooperative Extension Services at
1862 Land-Grant Universities $ AVAILABLE:
- $1,000,000 GRANTS AVAILABLE: N.A.
- MAX GRANT SIZE: $100,000
- DEADLINE: 12/8/06
- CONTACT INFORMATION: Sharon Wright, 202-
- DESCRIPTION: Grants to improve the quality and
quantity of comprehensive community-based
programs for at-risk children, youth, and families
supported by the Cooperative Extension System.
Reduce Lead Poisoning!
- Targeted Grants to Reduce Childhood Lead
- POSTED: 11/13/2006
- FUNDING SOURCE: EPA
- ELIGIBILITY: Nonprofits, public agencies, Indian
tribes, and local governments $ AVAILABLE:
- $3,000,000 GRANTS AVAILABLE: N.A.
- MAX GRANT SIZE: $100,000
- DEADLINE: 1/12/07
- CONTACT INFORMATION:
- DESCRIPTION: Funds to conduct a wide array of
activities to reduce incidences of childhood lead
poisoning in vulnerable populations.
Prevent Head Injuries!
- Abusive Head Trauma Prevention
- POSTED: 11/7/2006
- FUNDING SOURCE: DHHS
- ELIGIBILITY: Nonprofit and public agencies
AVAILABLE: $1,200,000 GRANTS AVAILABLE: 3 MAX
GRANT SIZE: $400,000
- DEADLINE: 1/22/07 (LOI); 2/21/07 (Final)
- CONTACT INFORMATION: Phyllis H. Niolon, 770-
- DESCRIPTION: Funds to research and evaluate
strategies for the prevention of abusive head trauma
|This Weeks Leads:
- Atlanta Bread Company
- Atlanta Bread Company operates over 150
- The bakery and sandwich restaurants occupy
spaces of 3,800 sq.ft. to 4,500 sq.ft.
in freestanding locations, endcaps, inline spaces and
lifestyle and power centers.
- Plans call for 20 to 30 openings throughout FL,
GA, IL, MA, SC, TX, VA and WV during the coming 18
- Typical leases run 10 years with two, five-year
options. Specific improvements are required.
- Preferred cotenants include Barnes & Noble, Bed
Bath & Beyond, Best Buy, Circuit City, Kohl’s and
- Preferred demographics include a population of
25,000 within three miles earning $50,000 as the
average household income.
- Major competitors are cited as Panera Bread. The
company is franchising.
- For more information, contact:
- Barbara O’Marra
- Atlanta Bread Company
- 1955 Lake Park Drive, Suite 400
- Smyrna, GA 30080
- Fax 770-444-1991
- Web site: www.atlantabread.com
- Panda Express, Panda Inn and Hibachi-
- Panda Restaurant Group, Inc. trades as Panda
Express, Panda Inn and Hibachi-San at 900 locations
- The restaurants occupy spaces of
1,800 sq.ft. to 2,600 sq.ft. in freestanding locations,
college campuses, airports, malls, entertainment,
mixed-use, power and strip centers and in
- Plans call for 150
openings nationwide during the coming 18 months.
- The company requires .5 acres of land for
- For more information,
- Frank Miller or David Landsberg,
Panda Restaurant Group, Inc.,
- 1683 Walnut
- Rosemead, CA 91770;
- Fax 626-927-9888;
- Web site
- Putting Edge
- Putting Edge Corp. trades as Putting Edge at 23
locations throughout CA, CO, FL, IL, MI, MS, NY, PA,
TN, TX and in Canada.
- The entertainment
centers, featuring indoor glow-in-the-dark miniature
golf, occupy spaces of 6,000 sq.ft. in entertainment
- Plans call for two to three openings
nationwide during the coming 18 months.
Typical leases run 10 years.
improvements are required.
demographics include a population of 300,000 within
10 miles earning $55,000 as the average household
- Dave & Buster’s is cited as competition.
- For more information, contact
- Putting Edge Corp.,
Winston Park Drive, Suite 502,
- Oakville, ON CN
- Fax 905-855-
- Email: firstname.lastname@example.org;
- College Shop, NFL Shop, Shirtique and T-
- Courtney Enterprises trades as College Shop, NFL
Shop, Shirtique and T-Shirt Emporium at five
locations throughout CA and at a store in the Mall of
America in MN.
- The stores, selling, t-shirts,
caps and specialty apparel, occupy spaces of 2,000
sq.ft. to 3,000 sq.ft. in specialty centers.
Growth opportunities are sought throughout CA
during the coming 18 months.
- For more information, contact
- Courtney Enterprises, 800 South
Broadway, Suite 300,
- Walnut Creek, CA 94596-
- Fax 925-934-
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