City Population Rankings August 13th, 2007

Economic Development/Redevelopment Coordinator - Lehi City

Economic Notes:

This Weeks Leads



Population Estimates - July 2006

  • The "Top Ten" largest cities represent 38% of the Statewide population.
  • The "Top Ten" represent 15% of all statewide growth.
  • The "Top Ten" gainers represent 8% of the Statewide population, but 35% of statewide growth.
  • According to the U.S. Census Bureau, Herriman had the highest growth rate from 2005 to 2006 for cities with a population of 5,000 or more. It grew at a rate of 30.3% and was followed by Cedar Hills (11.9%), Lehi (11.1%), Washington (11.0%), and Riverton (10.6%).
  • South Jordan experienced the largest numeric growth with an increase of 3,800 persons, followed by Lehi (3,591), Riverton (3,420), Herriman (3,405), and St. George (3,249).
  • Provo experienced the largest numeric decline with a loss of 1,151 persons, followed by Saratoga springs (-357), Ogden (-262), Hyrum (-245), and Cottonwood Heights (-204).
  • Salt Lake City continued to be Utah's most populous city with a population of 178,858, followed by West Valley City (119,841), Provo (113,984), West Jordan (94,309), Sandy (94,203), and Orem (90,857).
  • Salt Lake County continued to be Utah's most populous "unincorporated city" with a unincorporated population of 141,986, followed by Summit County (21,606), Uintah County (17,657), Weber County (16,641), Tooele County (13,371), and Utah County (9,581).

Population Estimates - July 2006

Rank City (Uninc Co)2005 Pop2006 Pop% Change 06/05# Change 06/05
1Salt Lake City178,858178,099 +0.4%759
2Uninc. Salt Lake County118,917119,841 +0.8%924
3West Valley141,147141,986 +0.6%839
4Provo 115,135113,984-1.0% - 1,151
5West Jordan91,54394,309 +3.0%+2,766
6Sandy93,919 94,203+0.3% +284
7Orem89,669 90,857+1.3% +1,188
8Ogden 78,34878,086-0.3% - 262
9St George64,36567,614 +5.0%+3,249
10Layton 61,79462,716+1.5% +922
11Taylorsville58,072 58,048+0.0%- 24
12Logan 46,63147,660+2.2% +1,029
13Murray 44,73544,844+0.2% +109
14South Jordan40,20944,009 +9.5%+3,800
15Bountiful 41,08741,161+0.2% +74
16Draper 34,69236,873+6.3% +2,181
17Lehi32,430 36,021+11.1% +3,591
18Riverton 32,12335,543+10.6% +3,420
19Roy 35,14835,100-0.1% - 48
20Cottonwood Heights35,15834,954 -0.6%-204
21Pleasant Grove29,37630,729 +4.6%+1,353
22Tooele 28,34529,062+2.5% +717
23Spanish Fork26,24827,717+ 5.6%+1,469
24Midvale 27,19927,249+0.2% +50
25Clearfield 27,41327,241-0.6% - 172

Source: U.S. Census Bureau, Utah State Data Center, GOPB, August 2007

Fastest Growing- % - July 2006

Rank CityCounty2005 Pop2006 Pop% Change 06/05# Change 06/05
1HerrimanSalt Lake11,23814,643+ 30.3%3,405
2Cedar HillsUtah7,5178,41 0+11.9%893
3LehiUtah32,43036,021+11.1% 3,591
4WashingtonWashi ngton13,70415,217 +11.0%1,513
5RivertonSalt Lake32,12335,543+ 10.6%3,420
6West HavenWeber5,5456 ,122+10.4%577
7North Salt LakeDavis10,53611 ,598+10.1%1,062
8HurricaneWashingt on11,01712,084+9. 7%1,067
9South JordanSalt Lake40,20944,009+ 8.9%3,800
10SyracuseDavis17,93919,534+8.9% 1,595

Source: U.S. Census Bureau, Utah State Data Center, GOPB, August 2007

How to improve strategic planning

  • Almost all large companies undertake a time- consuming strategic-planning process that leaves many executives frustrated with the results.
  • Executives in the satisfied minority work for companies that go beyond budgets and financial targets to give the annual process a more important role in developing strategy.
  • One approach is to start the exercise not by examining the numbers but by identifying the long- term issues facing the company; another is to ensure that strategic-review meetings involve frank conversations among the ultimate decision makers.
  • Some companies use tailored strategic metrics to track the implementation of the annual plan, and others link its implementation to human-resources systems that influence the behavior of the managers who execute the strategy.
  • Executives are most pleased with the results of strategic planning for their business units if they work at companies that apply many best practices to the process and foster collaboration between corporate and business unit managers.
  • Business unit strategy development seems collaborative to corporate executives, while the heads of business units more often see it as a mandate by the corporate center.
  • Although executives know how to formulate an effective strategy, many say their companies skip some of the relevant steps.
  • Executives have mixed feelings about the outcomes of strategic planning; few see it fostering creativity or including the priorities of employees at all levels.

Source: McKinsey & Company

The link between profits and organizational performance

Likely applies to Public and Not-for- Profits Also!

  • Initiatives to address "soft" management issues-such as talent, culture, and values-may have a direct financial payoff, McKinsey research shows.
  • An analysis of hundreds of global companies has identified a strong correlation between organizational and financial performance.
  • There seems to be an especially strong link between the bottom line and efforts to invest in skills, improve reporting relationships, increase the flow of ideas, and measure performance and risk.

Source: McKinsey & Company, 2007

Malls must carve three identities

Sound Familiar?

  • Dennis Smith moved here eight years ago from Virginia, in search of a neighborhood where the weather was warm and the traffic was easy.
  • Smith, 60, never expected that there would be not one, not two, but three malls, on his doorstep, all set to open within a year of each other.
  • Each one located at most five minutes' drive from each other, the Shops at Wiregrass, Cypress Creek Town Center and the Grove at Wesley Chapel together stake out enough central Pasco land to cover 44 football fields.
  • But to Smith and those like him, a mall is just a mall.
  • "I would like to go to Best Buy up here rather than Brandon," he said. "But I don't go to Best Buy that often."
  • What's more: They're all marketed as "lifestyle centers," that retail industry label that evokes outdoor layouts and traditional streetscapes.
  • But with revelations of their potential tenant line- ups trickling in, it's becoming clearer that each is carving out a different retail niche.
  • Recent county filings show the $105-million Shops at Wiregrass, developed by Forest City Enterprises and the Goodman Co., with an unconfirmed slate of 60 tenants for their mall at State Road 56 and Bruce B. Downs Boulevard.
  • Anchored by JCPenney and Dillard's, the rest of the space is an array of higher-end, smaller-sized stores like Barnes & Noble, Apple, Victoria's Secret and Banana Republic. Aside from Barnes & Noble, the smaller stores generally range from 1,000 to 20,000 square feet.
  • Three miles to the west, the Richard E. Jacobs Group's Cypress Creek Town Center has confirmed an 18-screen AMC multiplex. Real estate brokers' brochures suggest it will be joined by Costco, Kohl's, SuperTarget, Circuit City, Books-A-Million and Sports Authority.
  • Three miles up Interstate 75, the Grove at Wesley Chapel has signed leases with Bed, Bath & Beyond, Best Buy, Dick's Sporting Goods, ULTA Cosmetics, PetSmart, Michaels craft store and Ross Stores. Negotiations are ongoing with Toys "R" Us, Babies "R" Us and T.J. Maxx, according to the developer, Echo Real Estate Services.
  • The malls may all sound similar, but the brand names are telling to more practiced ears.
  • To Stan Eichelbaum, an industry consultant based in Fort Lauderdale, the Wiregrass mall sounds like it's cast more in the "traditional" mold of a lifestyle center, concentrating on specialty stores.
  • The Grove appears to him to be aiming for a "big box campus," and Cypress Creek Town Center a hybrid of the two.
  • The distinctions are important.
  • Translation: If you don't differentiate your product, you'll cannibalize each other.
  • At about 200,000 square feet a pop, just two big boxes like Costco and SuperTarget at Cypress Creek could house most of the stores at Wiregrass.
  • The difference could be in branding, with Wiregrass developers apparently working to line up names like Apple and Williams-Sonoma.
  • The stores at the Grove, like Best Buy and Dick's, typically build in the 20,000 to 50,000 square foot range.
  • There's some irony that this would, in fact, place the mall's so-called "big box campus" in the medium- sized range.

Source: Retail Traffic


  • 2006 Population Estimates - City Rankings
  • How to Improve Strategic Planning
  • New Malls must carve three identities
  • Economic Development Director Position - Lehi
  • Economic notes
  • This weeks leads

Bob Springmeyer

Bonneville Research

  • Economic Development/Redevelopment Coordinator - Lehi City

    Economic Development/Redevelopment Coordinator

    • CLOSING DATE: September 6, 2007
    • SALARY RANGE: $49,000-$72,000 annually, plus excellent benefits
    • STATUS: Appointed, Full Time
    • DEPARTMENT: Administration
      • Under the general supervision of the City Administrator, performs a variety of professional, administrative and technical duties related to planning, organizing, directing and coordinating city-wide economic development.
      • Develops the city's economic base, including business retention and the building of commercial, industrial and retail sites within the community.
      • Administers the city's redevelopment programs and initiatives and coordinates the purchase of real property.
      • Bachelor's degree from an accredited college or university in public management, business management, finance, planning or closely related field.
      • Five (5) years of progressively responsible experience in economic development/redevelopment or related duties.
      • Valid Utah driver's license required.
      • Must pass drug test and background check before hire.
    • NOTE: A complete list of essential functions and minimum requirements of the position may be obtained from Lehi City Human Resources. Lehi City will provide reasonable accommodations for any applicant during the examination and selection process. If you have special needs, please call 801- 768-7100, ext. 2265. For required City application, contact Lehi City Human Resources, 153 North 100 East , Lehi, UT 84043 or download application and job description at www.lehicity.com. Lehi City is an equal opportunity employer and does not discriminate on the basis of race, color, national origin, gender, religion, age or disability.

  • Economic Notes:
    • FOMC Meeting
    • For the ninth straight meeting the FOMC held their target federal funds rate steady at 5.25%. Although the committee noted threats to growth, the statement said that "the economy seems likely to continue to expand at a moderate pace over coming quarters," indicating growth a bit below potential in the near term. The statement noted lower inflation, but the FOMC would like to see a more sustained slowing; inflationary pressures in resource markets remain a worry. Inflation remains the FOMC's predominant concern, although the statement did say that "the downside risks to growth have increased somewhat." The decision to hold the fed funds rate steady was unanimous.
    • Commodities Surge will Increase Cost of Food
    • Consumers are facing higher food prices as the cost of agricultural commodities surges on what the industry describes as a "perfect storm" of tight supplies and robust demand. The bulk of the price increases are the result of rising demand from newly industrialized countries such as China, which are consuming more high-protein foodstuffs such as meat and dairy products, and tight supplies after crops were hit by adverse weather in Australia, the Black Sea basin and Europe. The biofuel industry's growing cereal consumption is also pushing up prices.
    • Productivity and Costs
    • Nonfarm business productivity growth bounced back in the second quarter, coming in at 1.8% (SAAR), up from 0.7% in the first quarter. However, this was below consensus. Despite the rebound, productivity growth has slowed in recent quarters, and is up just 0.6% over the past year. Nonfarm unit labor costs grew an annualized 2.1% in the second quarter, above consensus. Inflationary pressures from the labor market remain a concern.
    • Consumer Credit (G19)
    • Consumer credit increased in June by $13.2 billion to $2.459 trillion, falling short of May's revised gain of $16 billion. The details of the report showed that growth in both revolving and non-revolving credit is still strong, advancing 8.4% and 5.3%, respectively, over the month.
    • Job Openings and Labor Turnover Survey
    • In June the job openings rate increased slightly, to 3.0%, but the hire rate fell by 20 basis points to 3.4%. This suggests that the tight labor market could be constraining hiring activity. The separation rate was unchanged at 3.3%. The economy created 4.75 million jobs, while 4.51 million workers left their jobs for whatever reason.
    • MBA Mortgage Applications Survey
    • The Mortgage Bankers Association's mortgage applications index increased 8.1% in the week ending August 3, bolstered by gains in both purchase (7.4%) and refi (9.1%) indexes. Given recent events in the mortgage industry, however, this increase does not reflect strengthening demand for housing.
    • Chain Store Sales
    • Chain store sales remain choppy, consistent with mixed underlying drivers. Sales fell 0.3% in the week ending August 4. This was its largest week-to-week decline since late June. Year-over-year growth declined only slightly, to 3.1%. Summer clearance and sales-tax holidays reportedly supported back-to- school demand.
    • Oil and Gas Inventories
    • Crude oil inventories sharply fell by 4.1 million barrels for the week ending August 3, according to the Energy Information Administration, below expectations of a modest dip. Gasoline inventories fell by 1.7 million barrels, below expectations. Refinery activity dropped sharply by 2.3 percentage points. Distillate supplies rose by 1 million barrels, short of expectations. This report is bullish.
    • Wholesale Trade (MWTR)
    • Wholesale inventories rose 0.5% in June. May inventories were not revised from the estimated 0.5% increase. Sales slowed down in June, increasing by 0.6% over the prior month as compared to May's 1.3% uptick. The inventory-to-sales ratio was unchanged at 1.11 in June.

    Source: Economy.com, The Financial Times

  • This Weeks Leads
    • Ben & Jerry's Ice Cream
    • Ben & Jerry's Franchising trades as Ben & Jerry's Ice Cream at 650 locations nationwide and internationally.
    • The ice cream shops occupy spaces of 150 sq.ft. to 1,200 sq.ft. in malls, entertainment, lifestyle, power and tourist centers, in addition to urban/downtown areas.
    • Growth opportunities are sought nationwide and internationally during the coming 18 months.
    • Typical leases run 10 years.
    • Mail site submittals to:
      • TJ Nelson,
      • Ben & Jerry's Franchising,
      • 30 Community Drive,
      • South Burlington, VT 05043;
      • Web site: www.benjerry.com.
    • Basketball City
    • Basketball City, a two-unit chain, operates locations in MA and NY.
    • The gyms, featuring basketball courts, equipment rentals, weight rooms, sports lounge and volleyball courts for use in league play and community outreach events, occupy spaces of 40,000 sq.ft. in downtown/urban locations.
    • Plans call for two to four openings in major markets nationwide and in Canada during the coming 18 months.
    • Typical leases run 15 years.
    • A vanilla shell is required.
    • The company has a land- area requirement of two to three acres.
    • Mail site submittals to:
      • Bruce Radler,
      • Basketball City,
      • 3100 47th Avenue,
      • Long Island City,
      • NY 11101;
      • Web site: www.basketballcity.com
    • Go Wireless
    • Go Wireless, a 101-unit chain, operates locations throughout AZ, CA, NV, OR, TX and WA.
    • The electronics stores occupy spaces of 800 sq.ft. to 2,000sq.ft. in malls and endcaps of strip malls.
    • Plans call for 100 openings throughout the existing markets during the coming 18 months, with representation by Lee & Associates Commercial Real Estate Services, Inc.
    • Preferred sites have high traffic counts and major anchors.
    • Typical leases run five years with two, five-year options.
    • Preferred cotenants include Costco, Target and Wal*Mart.
    • Mail site submittals to:
      • Brian Bielatowicz,
      • Lee & Associates Commercial Real Estate Services, Inc.,
      • 25240 Hancock Avenue, Suite 100,
      • Murrieta, CA 92562;
      • Web site: www.gowireless.net

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