Where is "Downtown" III?
Where is the "Commercial Heart" of Utah?
Downtown (also called a "central
business district" in British English) is a term used in
North America when referring to an inner city, usually
both in a geographical and commercial / community
A Central business district (CBD) (also
called 'Downtown' in American English) is the
commercial and often geographic heart of a city.
Who has the most retail sales?
Retail Sales by ZIP Code, 2006
||Location||2006 Direct Retail
- Source: Utah State Tax Commission
- Zip boundaries often do not follow political
This Weeks Leads
- Lacoste operates 60 locations nationwide. The
stores, offering accessories, apparel, footwear,
fragrances and sporting goods, occupy spaces of
1,500 sq.ft. to 2,000 sq.ft. in malls and
urban/downtown areas. Growth opportunities are
sought nationwide during the coming 18 months, with
representation by The Greenberg Group. Typical
leases run 10 years. A vanilla shell and specific
improvements are required. and Preferred cotenants
include Armani, Banana RepublicNeiman Marcus.
Preferred demographics include a population of
100,000 within three miles earning $80,000 as the
average household income. Send site submittals to:
Steven Greenberg, The Greenberg Group, 1200 West
Broadway, Hewlett, NY 11557; Web site: www.lacoste-
- Cheesecake Factory
- The Cheesecake Factory operates 100 locations
- The upscale casual restaurants
occupy spaces of 8,500 sq.ft. to 11,000 sq.ft. in
freestanding locations and malls.
opportunities are sought in major metro markets
nationwide during the coming 18 months, with
representation by Blatteis & Schnur.
leases run 10 years with two, five-year options.
- Preferred cotenants include Bloomingdale's and
- Preferred demographics include a
population of 250,000 within five miles earning
$70,000 as the average household income. Send site
- Robert Schnur,
- Blatteis &
- 1940 Century Park East, Suite 200,
- Los Angeles, CA 90067;
- Web site:
- Chick-Fil-A, Inc. trades as Chick-Fil-A at 1,200
locations nationwide, excluding the New England and
Pacific Northwest regions.
- The restaurants
occupy spaces of 4,000 sq.ft. in freestanding
locations, malls, power and strip centers.
call for 80 openings nationwide during the coming 18
- Typical leases run 10 years with four, five-
- Preferred cotenants include Home
Depot, Lowes Home Improvement, Target and
- Preferred demographics include a
population of 35,000 within one mile earning $50,000
as the average household income.
- A land area of
one acre is required.
- Send site submittals to:
- Erwin Reid,
- Chick-Fil-A, Inc.,
- Atlanta, GA 30349-2998;
- Godiva Chocolatier & Pepperidge Farms
- Campbell Soup Co. trades as Godiva Chocolatier
at 268 locations nationwide and in Canada.
stores, selling chocolates and coffee, occupy spaces
of 850 sq.ft. to 1,000 sq.ft. in malls, mixed-use and
outlet centers and urban/downtown areas.
opportunities are sought nationwide during the
coming 18 months.
- Typical leases run 10 years.
- A vanilla shell and specific improvements are
required. Preferred demographics include a
population of 300,000 within five miles earning
$65,000 as the average household income.
- The company also trades as Pepperidge Farms at
88 locations east of MS.
- The stores, selling baked
goods and soups, occupy 1,200 sq.ft. to 1,600 sq.ft.
in outlet, power, strip, tourist and value centers.
- Typical leases run five years.
- A vanilla shell
and specific improvements are required.
demographics include a population of 250,000 within
three miles earning $50,000 as the average
- The company will not consider
supermarket-anchored shopping centers.
- For more information, contact
- Campbell Soup Co.,
- 595 Westport
- Norwalk, CT 06851;
- Fax 203-846-7287.
- Other Downtown III?
- Who has
the most retail sales?
- Economic Development
- Economic notes
- This weeks leads
- International Business Confidence
- Global business confidence appears to have
stabilized, but at a low level that is consistent with a
global economy that is just avoiding recession. U.S.
business confidence is weaker and suggests that the
U.S. economy contracted in September. European
confidence is also very soft. Responses to the
broader questions concerning current business
conditions and the six-month outlook are notably
negative, while responses to more specific questions
regarding investment and payrolls are more positive.
Sentiment in Asia and South America is also
weathering the financial storm reasonably well.
- ABC News/Washington Post Consumer
- After creeping higher over the past few weeks,
consumer confidence took a breather in the latest
period, according to the ABC News/Washington Post
consumer comfort index. The headline index slipped a
single point to -12 in the week ending September 30.
The details of the report were less upbeat than the
headline number would otherwise suggest. The
buying climate and personal finances components fell
four and two points, respectively. The lone bright spot
this week was a modest improvement in the
- Factory Orders (M3)
- Factory orders fell by a larger than expected 3.3%
in August. This followed a 3.4% increase in July.
Durable goods orders were not revised from the first
print, posting a 4.9% drop. Nondurable goods orders
posted a 1.6% decline. Total shipments fell 1.6% over
the month, with no revision to durable goods
- ISM Non-Mfg.Index
- The non-manufacturing business activity index
moderately decreased in September, falling to 54.8%.
Nevertheless, this number was above both
consensus expectations and our forecast.
- MBA Mortgage Applications Survey
- Mortgage demand decreased 2.7% in the week
ending September 28. Purchase applications
decreased 1.8% and refinance applications
decreased 3.8%. The decrease in 30-year rates may
have helped to slow the decline in purchase
applications, as buyers wait for the Fed interest rate
cuts to fully pass through to fixed mortgage rates.
- Pending Home Sales
- The outlook for home sales remains weak. The
pending home sales index fell to 85.5 in August, a
decline of 6.5% from July, and a decline of 21.5% from
a year ago. While this was not as sharp of a month-to-
month decline as last month, the index's fall still
suggests that home sales will weaken further over the
next several months in the face of slumping demand.
- Chain Store Sales
- Chain store sales were unchanged in the week
ending September 29 according to the ICSC,
stabilizing after two weeks of good-sized declines.
Year-over-year growth rose to 2.7% as comparisons
continue to ease.
- Employment Index
- The Monster Employment Index was unchanged
from August levels in September, clocking in at 186.
The tone of the report was relatively neutral,
highlighting a slightly weaker yet healthy labor market.
As a direct consequence of recent turmoil in financial
and housing markets, demand for labor in finance,
real estate and rental leasing clocked in the most
- Jobless Claims
- Initial jobless claims increased by 16,000 to
317,000, in line with expectations for a bounce back
up after last week's surprising drop.
- Job Cuts
- According to Challenger's monthly tally, job cut
announcements edged down in September to 71,739
from 79,459 in August but still remain elevated
compared to the first half of the year. One in three job
cuts were related to the housing downturn and this
number underestimates the true impact since many
affected establishments are small and do not issue
formal press releases.
- Oil and Gas Inventories
- Crude oil inventories unexpectedly rose by 1.2
million barrels for the week ending September 21,
according to the Energy Information Administration,
above expectations of an 0.8 million barrel draw.
Distillate supplies declined by 1.2 million barrels,
below expectations of a 1 million barrel increase.
Gasoline inventories fell modestly by 0.1 million
barrels, relatively in line with expectations. Refinery
activity rebounded from the prior week, increasing to
87.5% from 86.9%, above expectations. This report is
- Weekly Natural Gas Storage Report
- Underground storage of natural gas increased by
57 billion cubic feet during the week ending
September 28. This week's injection to storage came
in below expectations. Inventories currently stand
7.5% above the five-year average for this time of the
year. This report will have a bullish influence on
Source: Economy.com, Financial Times 2007
|Economic Development Grants:
Brownfields Economic Development
- POSTED: 9/24/2007
- FUNDING SOURCE: HUD
- ELIGIBILITY: Units of local government with
designated "Brownfields" due to environmental
contamination and are eligible for Section 108 loans
- $ AVAILABLE: $32,900,000
- GRANTS AVAILABLE: N.A.
- MAX GRANT SIZE: $2,000,000
- DEADLINE: 12/24/07
- CONTACT INFORMATION:
- DESCRIPTION: Grants to enhance the security of
Section 108 loans being used to conduct economic
development, community development and/or
affordable housing in designated Brownfields
Help Refugees Become Self-Sufficient!
- Voluntary Agencies Matching Grant Program
- POSTED: 9/26/2007
- FUNDING SOURCE: DHHS
- ELIGIBILITY: National refugee resettlement
- $ AVAILABLE: $60,000,000
- GRANTS AVAILABLE: 9
- MAX GRANT SIZE: $14,000,000
- DEADLINE: 11/16/07
- CONTACT INFORMATION:
- DESCRIPTION: Grants for programs designed to
enable refugees to become self-sufficient within four
to six months from date of arrival into the U.S; services
include, but are not limited to, case management,
employment services, maintenance assistance and
cash allowance, and administration.
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