Health Insurance by Health District
- Overall, the proportion of the population
that lacks any kind of health insurance in Utah has
been increasing. In 2005, 11.6% of Utahns did not
have any kind of insurance coverage.
- Utahns aged 18 to 34 made up nearly one-half
(45.6%) of all Utahns who were uninsured.
- Household income was negatively associated
with health insurance coverage. Only 3.9% of those
living in households with incomes $65,000 or over
were uninsured, compared to 32.8% of those in
households with incomes under $20,000.
- As a proportion of all uninsured Utahns, those
living in households at or below 200% pov¬erty made
- For adults 18 years and over, those who had
less than a high school education were the most
likely to lack health insurance (35.6%). However,
adults who had completed at least a high school
education accounted for most uninsured adults
- An estimated 10.8% of Utah's population is
Hispanic or Latino, however this group makes up
34.7% of all uninsured Utahns.
- Utahns who lacked any kind of health insurance
were significantly more likely than Utahns with
insurance coverage to report that they were in fair
or poor health (14.0% and 9.2% respectively).
- The most common type of insurance coverage
for Utahns was provided through a current or former
employer or on (77.5%), however, the proportion of
insured Utahns receiving this type of insurance has
decreased by 5.4% since 2001.
- Over half (58.6%) of uninsured Utahns reported
they could not afford health insurance as a reason
for being uninsured.
- 32.8% of uninsured Utahns reported that an
employer did not offer health insurance as a reason
for lacking health insurance.
|Rank (% w/o Health Insurance)
||District||% of Persons With No
Source Utah Department of Health, 2005 Health
Status Survey (HHS)
The Zoning Policy That Worked Too Well
VANCOUVER, British Columbia — When Simon Lim,
president of the Holborn Group, bought a one-block
building site in downtown Vancouver last summer, he
had plans for a hotel and a commercial and
condominium complex. But a few months later, city
planners proposed rezoning the site, which is known
as the Bay Parkade. The change would require Mr.
Lim to double the amount of commercial space, with
priority given to a new office tower.
“I have to admit when I first caught wind of this
policy change, I wasn’t exactly a happy puppy,” said
Mr. Lim, who is developing another downtown hotel-
condo project, called Vancouver’s Turn. “I suspect
there is some profit in developing commercial, but it
is significantly more profitable to build residential.”
Over the last 15 years, downtown Vancouver has
become a leader in North America’s urban housing
renaissance. Under Vancouver’s “living first” policy,
which was adopted 20 years ago, the downtown
population has increased to 80,000 from 40,000, out
of a total city population of 600,000. By 2030,
planners expect 120,000 people to live in the city’s
shimmering glass skyscrapers, which overlook the
snowcapped North Shore mountains, English Bay and
But now, city officials and businesses are
concerned that downtown Vancouver may become a
victim of its own success, and that residential
development will encroach on jobs and office space.
Officials put a moratorium on new housing near the
business district two years ago, after allowing two
condo towers — one called Living Shangri-La — in
what was supposed to be a commercial-only zone.
Last month, the city released a jobs and land-
use study, which concluded that the downtown
peninsula could run out of job space within five years
under current zoning regulations.
“ ‘Living first’ was genius — we now have 80,000
people living downtown,” said Brent Toderian, the
city’s planning director. But a successful downtown is
a balanced organism, he said. “We are now at a
different point in the evolution towards balance, as
we shift gears to protect office capacity.”
Planners are considering several options,
including raising the limits on building height, offering
incentives to developers and capping residential
construction. Vancouver is also experiencing a period
of significant growth, driven by a spike in the price of
natural resources, which has benefited the forest
products and mining companies based in the city; an
active professional services economy; and the
construction linked to the 2010 Winter Olympics.
Nevertheless, encouraging new office
construction will not be an easy task, Mr. Toderian
said. The Vancouver office market has a number of
relatively small tenants, and he said there was a
reluctance on the part of local developers to build
office towers on speculation. And now the Bay
Parkade project, which is a test case of the city’s
new approach, has some developers suggesting that
office growth is not viable.
“The problem is, in the grand scheme of dollars
and cents, residential is much more profitable,” Mr.
Toderian said. “We have to fight to protect the
viable option from the more profitable option.”
According to the city’s jobs and land-use plan,
downtown will need about 65 million square feet of
space to accommodate job growth over the next 20
years. That is about 10 million more than the
capacity under current land-use regulations. Class A
office vacancy rates have already dropped to 3.3
percent, down from 12.3 percent two years ago, and
recent transactions set a new high of 40 Canadian
dollars ($34) a square foot, according to Jennifer
Robertson of Cushman & Wakefield.
Commercial tenants say they are feeling the
“We were disappointed there wasn’t more new
building in the city,” said Iain Mant of Fasken
Martineau DuMoulin, a law firm based here. This
spring, Mr. Mant said, the 350-employee firm will
relocate from a “fairly oppressive” 37-year-old
building to the Bentall V, the only new office tower
under construction downtown.
“We thought we would have more options to
consider,” he said. “But the projects you kept
hearing about ended up being residential and hotel.”
There are currently 47 residential buildings under
construction in the central core.
Last March, Propaganda Games, a division of
Buena Vista Studios, leased two and a half floors in
an office building on West Georgia Avenue,
downtown’s primary business corridor. “It was very
difficult to get contiguous floors,” said Howard
Donaldson, vice president for studio operations. “The
market is so tight.”
The company, which has grown to 120
employees from four in less than two years, had
considered locating in Burnaby, a Vancouver
suburb. “But we liked the central location with so
many other businesses nearby,” Mr. Donaldson said.
Mass transit was also an important consideration.
Over half of Propaganda’s employees regularly use
SkyTrain (the city’s light-rail system), ferries,
commuter trains or buses, he said.
“Vancouver probably has one of the most thriving
central business districts in North America,” said Don
Vassos, regional managing director of CB Richards
Ellis. But the amenities that make the district
attractive as a place to live — waterfront parks,
mountain views and a lively dining and entertainment
scene — now threaten local economic
growth. “Commercial sites have been gobbled up by
developers who are building residential,” Mr. Vassos
said. “That creates serious problems from a tax point
The city’s housing moratorium, which affected
areas that had previously been optional commercial
or residential, was an important step, Mr. Vassos
said. “It’s in everybody’s interest for the commercial
sector of the real estate industry to be increasing
with the population. We can’t afford to have
thousands of people living downtown who jump in a
car in the morning and head off to the suburbs for a
As part of a proposed deal with the city, Mr. Lim
would be allowed to increase the residential density
of his Bay Parkade site, which is on West Georgia
Avenue, in return for expanding the commercial
component. But Mr. Lim also said he would “like some
flexibility on height,” a move that would probably
obstruct the city’s revered view corridors, which
preserve public views from downtown streets.
“We are being told there is a commercial
shortage,” said Mr. Lim. “But nobody is throwing big
fat rent checks at me.”
Vancouver is not a “head-office city,” said Tony
Astles, a senior vice president of Bentall Real Estate
Services who is managing the development of the
Bentall V on behalf of SITQ, Quebec’s public
employees pension fund. “You have smaller tenants
that don’t occupy large blocks of space.”
To mitigate the risk, Bentall V was built in
two “vertical phases,” with the second phase started
two years ago after the city’s economic
upswing. “But in the long run,” Mr. Astles said, “there
is not enough commercial space in the pipeline, and
the city will have to take some action in order to
prepare for that eventuality.”
The land-use study will have policy implications
for developers and other stakeholders, Mr. Toderian
said, but he said he saw no crisis ahead.
“Most downtowns would love to have our
problem,” he said. “We are well-positioned to do that
deeper level of urbanism.”
Source: the New York Times, 1.17.07
This Weeks Leads
- Timberland Retail, Inc. trades as Timberland.
- The 25-unit chain operates locations
- The shoe stores occupy spaces of
1,200 sq.ft. in malls, specialty centers and street
- Growth opportunities are sought
throughout the existing markets during the coming 18
- For details, contact
- 200 Domain Drive,
- Stratham, NH
- Fax 603-773-
- Email: firstname.lastname@example.org
- Web site: www.timberland.com
- Sandella’s Café
- Sandella’s, LLC trades as Sandella’s Café at 150
locations throughout AZ, CO, CT, MI, NE, NY, PA and
- The cafes occupy spaces of 1,200 sq.ft. to
2,000 sq.ft. in strip centers and urban/downtown
- Growth opportunities are sought
nationwide during the coming 18 months.
more information, contact
- Sandella’s, LLC,
- 9 Brookside
- West Redding, CT 06896;
- Fax 203-544-9981.
- Legal Sea Foods
- Legal Sea Foods, Inc. trades as Legal Sea Foods
at 31 locations throughout FL, MA, MD, NJ, NY, RI,
VA and Washington, DC.
- The seafood restaurants
occupy spaces of 4,000 sq.ft. to 5,500 sq.ft. in
freestanding locations, malls and downtown areas.
- Growth opportunities are sought throughout FL,
MA, MD, NJ, NY, Philadelphia, PA; RI, VA and
Washington, DC during the coming 18 months.
more information, contact
- Legal Sea Foods, Inc.,
- One Seafood
- Boston, MA 02210;
- Sweet & Sassy
- Sweet & Sassy, a 30-unit chain operates
locations throughout AL, CA, FL, GA, MO, NC, NV,
OH, PA, TN, TX and UT.
- The children's hair salons
occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in
malls, lifestyle, power and specialty centers.
- Plans call for 40 openings throughout Omaha, NE
during the coming 18 months, with representation by
Integrity Commercial Realty.
- Typical leases run
five to 10 years. Preferred cotenants include Ann
Taylor, Banana Republic and Target.
demographics include a population of 200,000 within
five miles earning $75,000 as the average household
- Competition is cited as Cool Cuts 4 Kids
and Libby Lu.
- For details, contact
- c/o Integrity Commercial Realty,
- Suite 223,
- Southlake, TX 76092;
- 817-912-0252 Ext. 105,
- Fax 817-912-
|Economic Snapshot – First Six Months FY2007
- Sales and Use Taxes (Gen Gov’t)
- Corporate Franchise Taxes (Gen Gov’t)
- Individual Income Taxes (Education)
- Severance Taxes (Gen Gov’t) +11.9%
- Motor Fuel Taxes (Transportation) +1.5%
Source: Utah State Tax Commission, 1/17/07
Key Tax Related Economic Indicators
- Labor market
- Year over year non-farm employment grew by
4.9%. The bulk of this growth has come from
construction and business services, while natural
resources and mining has experienced strong growth.
Employment growth is accompanied by a 2.3%
increase in the average monthly wage.
- Business investment conditions
- The Bloomberg stock index for companies
headquartered in Utah shows positive growth.
Furthermore, the Creighton University (Nebraska)
business conditions index (December) indicates
economic growth in Utah will continue during the
- Construction activity
- Year over year new residential construction was
up 6.7% in valuation and 1.4% in the number of new
dwelling units. However, year over year new non-
residential construction values fell 7.8%.
- Taxable sales
- Third quarter total sales posted a 13.3% increase
over the third quarter of 2005. Mining and natural
resource sales increased by 72.7%, construction
related sales by 33.0%, electric and gas by 6.5%,
motor vehicle sales by 8.7% and recreation related
sales by 11.0%.
Source: Utah State Tax Commission, 12/13/06
- Oil sinks towards $50 level, Copper up
- US crude prices fell to their lowest level in 20
months on Wednesday after Saudi Arabia effectively
ruled out any prospect of an immediate production
cut by the Organization of the Petroleum Exporting
Countries in response to recent price weakness. The
February West Texas Intermediate dropped 10 cents
to $51.12 a barrel in early afternoon trade on the
New York Mercantile Exchange, having touched an
intra-day low of $50.28 earlier in the session, its
lowest level since May 2005. This was the last month
when oil prices traded below $50 The three-month
copper price gained $40 to $5,640 a ton.
- World Business confidence
- Unlike the broader economic data, which have
suddenly become stronger, global business
confidence remains soft. Sentiment continues to
signal below trend economic growth, as it has
consistently done so since late summer 2006.
Confidence remains moribund among vehicle and
transportation companies. Businesses have also
turned more cautious in their hiring and are cutting
inventories. The most optimistic businesses are in
South America and in financial services and defense
industries. Pricing pressures have abated
substantially from their summer peaks.
- EU New Passenger Car Registrations
- December saw EU-15 new passenger car
registrations fall by 0.5% on a year-on-year basis—
roughly in line with Economy.com's projections.
December's decline comes on the back of two
months of strong positive growth, as progressively
higher interest rates and slower euro zone GDP
growth have increasingly filtering through.
- Risk of Recession
- The Moody’s Economy.com probability of
recession held steady in December at 22%, from
November’s upwardly revised number. The yield curve
held steady in its inverted form in December, and
average hours worked were unchanged. Further
increases in the S&P 500 index for the month and an
improvement in consumer confidence helped depress
recession risks some. The chance of the economy
being in recession in six months remains elevated but
- California Manufacturing Survey
- The fourth quarter purchasing manager's index
for California indicated no growth in the state’s
manufacturing sector. For the first time since the
survey was started, production was lower in the
fourth quarter than the third quarter. The
employment index also fell below a level of 50,
indicating a contraction.
- Import and Export Prices
- The U.S. Import Price Index rose 1.1% in
December. The advance followed a .5% rise in
November and was lead by a 4.8% increase in
petroleum prices. Export prices rose 0.7% in
December, after increasing by 0.4% in the previous
- Retail Sales (MARTS)
- Total retail sales rose an unexpectedly strong
0.9% in December, but November’s gain was revised
downward to 0.6% from 1.0%. Non-auto sales rose
1.0% as auto sales were surprisingly sluggish. Year-
over-year growth rose to 5.4% in total and 5.8%
excluding autos. Growth was led by gasoline stations,
electronics and appliance stores and
- Treasury Budget
- The unified surplus for December was $44.5
billion, larger than the CBO’s preliminary estimate of a
$40 billion surplus. The federal government has run a
deficit of $80.4 billion through the first quarter of
fiscal year 2007; this is 33% smaller than the deficit
at the same point in fiscal year 2006.
- Treasury International Capital Flows
- Net portfolio flows to the U.S. amounted to
$68.4 billion in November, which is down substantially
from $85.3 billion in October. However, it is still just
sufficient to cover the trade gap for that month.
- Business Inventories (MTIS)
- Total business inventories increased 0.4% for
November, in line with consensus expectations.
Inventories at retailers were down 0.3% for the
month. Total business sales increased by 0.5%. The
total I/S ratio held steady at 1.30.
- industrial production
- U.S. industrial production increased 0.4% in
December, easily besting the market's expectation of
a more modest gain. To be sure, the anticipated drag
on utilities output from near-record warm
temperatures did emerge; however, manufacturing
output during the month was much firmer than even
the most optimistic estimates. At 0.7%, the monthly
gain was the largest since June 2006 and reversed a
good portion of the three consecutive declines in
output in the preceding months.
- Oil and Gas Inventories
- Underground storage of natural gas decreased by
89 billion cubic feet during the week ending January
12. This was slightly above expectations calling for a
81 Bcf draw. Inventories are now 20.1% above the
five-year average. This report is likely to have a
neutral to slightly bullish effect on prices.
- MBA Mortgage Applications Survey
- Mortgage demand decreased 0.6% in the week
ending Jan 12. Purchase applications decreased 7.0%
and refinance applications increased 6.3%.
- NAHB Housing Market Index
- Homebuilder optimism increased two points to 35
in January. However, the survey index measuring
single-family sales for the next six months remained
- Producer prices for finished goods rose by 0.9% in
December, somewhat faster than what was
expected. Increases in prices for food and energy
goods were largely responsible for overall inflation
during the month. Excluding food and energy
products, core producer prices rose by only 0.2%,
matching expectations. At earlier stages of
processing, core prices for intermediate goods fell by
0.1%, while core prices for crude goods rose by 1.0%
on the month.
- Chain Store Sales
- Chain store sales were unchanged in the week
ending January 13, according to the ICSC. Year-over-
year growth soared to 4.9%, the strongest growth
since mid-September, as sales fell sharply in the
comparable week last year. Colder weather and lower
gasoline prices were cited as supports to sales.
Source: Economy.com, Financial Times
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research to public and private sector clients
throughout the intermountain west.
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- Financial Analysis
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Analysis and Budgets
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