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
Population Estimates - July
||City (Uninc Co)||2005
Pop||2006 Pop||% Change
06/05||# Change 06/05|
|2||Uninc. Salt Lake
Source: U.S. Census Bureau, Utah State Data
Center, GOPB, August 2007
Fastest Growing- % - July
Pop||2006 Pop||% Change
06/05||# Change 06/05|
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
Source: McKinsey & Company
The link between profits and
Likely applies to Public and Not-for-
- Initiatives to address "soft" management
issues-such as talent, culture, and values-may
have a direct financial payoff, McKinsey research
- 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
- 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
- But to Smith and those like him, a mall is just a
- "I would like to go to Best Buy up here rather than
Brandon," he said. "But I don't go to Best Buy that
- 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
- 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
- There's some irony that this would, in fact, place
the mall's so-called "big box campus" in the medium-
Source: Retail Traffic
- 2006 Population Estimates - City
- How to Improve Strategic
- New Malls must carve three identities
- Economic Development Director Position - Lehi
- Economic notes
- This weeks leads
|Economic Development/Redevelopment Coordinator - Lehi City
LEHI CITY POSITION OPENING
- CLOSING DATE:
September 6, 2007
- SALARY RANGE:
$49,000-$72,000 annually, plus excellent
Appointed, Full Time
- JOB SUMMARY:
- 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
- Develops the city's economic base,
including business retention and the building of
commercial, industrial and retail sites within the
- Administers the city's redevelopment
programs and initiatives and coordinates the
purchase of real property.
- MINIMUM REQUIREMENTS:
- 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.
- 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
- Commodities Surge will Increase Cost of
- 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
- 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
- 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-
- 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
- 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.
opportunities are sought nationwide and
internationally during the coming 18 months.
Typical leases run 10 years.
- Mail site submittals
- TJ Nelson,
- Ben & Jerry's Franchising,
- 30 Community Drive,
- South Burlington, VT
- 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
- Typical leases run 15 years.
vanilla shell is required.
- The company has a land-
area requirement of two to three acres.
- Mail site
- Bruce Radler,
- 3100 47th Avenue,
- Long Island City,
- Web site: www.basketballcity.com
- Go Wireless
- Go Wireless, a 101-unit chain, operates locations
throughout AZ, CA, NV, OR, TX and WA.
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.
cotenants include Costco, Target and Wal*Mart.
Mail site submittals to:
- Brian Bielatowicz,
Lee & Associates Commercial Real Estate Services,
- 25240 Hancock Avenue, Suite 100,
Murrieta, CA 92562;
- Web site:
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