|State of the Rockies Report Card - Income
||June 30th, 2008
The Rocky Mountain West is growing!
Utah is Growing!
Utah income - both household and family is not!
Only Colorado has seen a larger decline!
Household Income - Rocky Mountain
Median Household Income||% Change
Since 2000||2006 Median Family
Income||% Change Since 2000|
Source: State of the Rockies Report Card,
THIS WEEKS LEADS:
- Frank & Stein Dogs & Drafts, U.S. Bistro
and Baja Bistro Fresh Mex Grill
- Caldwell Enterprises, Inc. trades as Frank & Stein
Dogs & Drafts, U.S. Bistro and Baja Bistro Fresh Mex
Grill at 27 locations throughout the southeast region of
- The restaurants occupy spaces of 600
sq.ft. to 2,400 sq.ft. in airports, freestanding locations,
malls and lifestyle, power and strip centers.
- Growth opportunities are sought nationwide for the
Baja Bistro Fresh Mex Grill concept, during the coming
- For more information, contact
- Caldwell Enterprises, Inc.,
- P.O. Box
- Roanoke, VA 24018.
Childrenswear and OshKosh B'Gosh
- Carter's Retail, Inc. trades as Carter's
Childrenswear and OshKosh B'Gosh at 393 locations
- The stores, offering baby and young
children's apparel, occupy spaces of 4,000 sq.ft. to
4,500 sq.ft. in outlet, power and tourist centers.
- Growth opportunities are sought throughout the
existing market during the coming 18 months.
- Typical leases run 10 years with two, five-year
- A vanilla shell is required.
cotenants include DSW, Marshalls, Bed Bath &
Beyond, Justice, Famous Footwear, Kohl's, Old Navy,
Target and T.J. Maxx.
- Preferred demographics
include a population of 150,000 within five miles
earning $75,000 as the average household income.
- Major competitors include Children's Place, Gap
Kids, Baby Gap and Gymboree.
- For more information, contact
- Carter's Retail, Inc.,
- 1170 Peachtree
Street Northeast, Suite 900,
- Atlanta, GA 30309;
- Web site: www.carters.com.
U.S. Retail Store Closures Flirting With Six-
- Bankrupt home furnishing retailer's Linens 'n
Things disclosure this week that it plans to dispose of
120 locations is the latest burst in the retail sector's
growing flood of store closings this year that has
industry's real estate disposition firms scrambling.
- On Monday, Linens Holding Corp. announced it
had hired DJM Realty, LLC, a New York-based real
estate consulting firm, to dispose of its under-
performing stores located in 31 states. Also, the
Clifton, N.J.-based chain telegraphed it was preparing
to shutter as many as 80 more of its 589 stores in the
near future, says Andy Graiser, co-CEO of DJM Realty.
- The disclosure comes as the sector struggles
with retailers' jettisoned expansion plans amid a
seemingly unending string of store closing
announcements. Home Depot recently said it would
shut 15 existing stores this year and reduce the
number of new store openings by almost half to 55.
Then the Hilco Organization and Gordon Brothers
Group, new owners of Sharper Image, announced that
they will close all 86 of the chain's remaining stores.
And, Gap Inc. plans to close an unspecified number of
stores while downsizing many of it remaining
Source: Retail Traffic, 2008
- Expand the Workforce Through High-
Tech Job Training!
- Technology-Based Learning Initiative
- POSTED: 6/20/2008
- FUNDING SOURCE: Dept. of Labor
- ELIGIBILITY: A nonprofit or public agency
partnered with a Workforce Investment Board or One-
- $ AVAILABLE: $10,000,000
- GRANTS AVAILABLE: 20
- MAX GRANT SIZE: $500,000
- DEADLINE: 8/19/08
- CONTACT INFORMATION:
- DESCRIPTION: Funds to expand access to
technology-based training approaches to increase the
number of workers trained, particularly in high-growth,
- Improve Childhood Health!
- Faith-Based Advocacy Program to End Childhood
- POSTED: 7/25/2008
- FUNDING SOURCE: Robert Wood Johnson
- ELIGIBILITY: Nonprofit and public agencies
- $ AVAILABLE: N.A.
- GRANTS AVAILABLE: 25
- MAX GRANT SIZE: $225,000
- DEADLINE: 7/25/08
- CONTACT INFORMATION:
- DESCRIPTION: Funds to advance community
policies or environmental changes that improve
access to healthy foods and/or opportunities for
physical activities among children.
- Improve Juvenile Drug Courts!
- Juvenile Drug Court Training and Technical
- POSTED: 6/9/2008
- FUNDING SOURCE: DOJ
- ELIGIBILITY: Nonprofit, for-profit, and public
- $ AVAILABLE: $600,000
- GRANTS AVAILABLE: 1
- MAX GRANT SIZE: $600,000
- DEADLINE: 7/3/08
- CONTACT INFORMATION:
- DESCRIPTION: Funds to build the capacity of
states, state courts, local courts, units of local
government, and Indian tribal governments to develop,
maintain, and enhance drug courts for substance-
abusing juvenile offenders.
State of the Rockies Report Card -
- Where do we stand?
- Who is doing better?
- Who is ranked lower?
|Bonneville Research Website
Check out our Bonneville Research Website!
- Global Business Confidence
- Global business sentiment softened last week
and remains fragile, but it is well off its late April
bottom. Last week's pull-back was evident across the
globe and all survey questions. As has been the case
for the past year, the most pessimistic responses are
to the broad-based questions regarding present
conditions and the six-month outlook. There has been
a worrisome increase in pricing pressures during the
past month. Confidence remains weakest in the U.S.
where it suggests the economy is still contracting, and
it is strongest in Asia where it is consistent with an
economy growing near its potential.
- Conference Board Consumer
- The Conference Board index of consumer
confidence fell further in June to 50.4 from May's 58.1
(revised from 57.2). This puts the index at a 16-year
low, and this is the fourth-lowest reading in the history
of the survey, which dates back to 1969. The present
situation component of the index led the decline, but
expectations fell significantly as well. Assessments of
labor market conditions fell severely.
- Jobless Claims
- Initial jobless claims were unchanged in the week
ending June 21, remaining at 384,000. This is on the
high end of what has been seen thus far this
downturn, and suggestive that the labor market is still
fragile. Nevertheless, it appears that layoffs are no
longer accelerating but have reached their peak
- GDP growth in the first quarter was revised
upward to 1% annualized in the final report, from 0.9%
in the preliminary report. The 1% growth is equal to
the consensus estimate. There were upward
revisions to exports, consumer spending and
business investment, which were largely offset by an
upward revision to imports and a downward revision
to inventory investment. Profits saw a downward
revision, to $1.56 trillion annualized, a decline of $5.2
billion from the fourth quarter; this is the third straight
quarterly decline in profits. This compares with an
estimated increase in profits of $5.2 billion in the
preliminary report. The U.S. economy continues to
- Durable Goods (Advance)
- New orders for manufactured durable goods rose
slightly in May by 0.03%; consensus forecasts were
expecting a small decline. This was the first increase
in new orders since February and came on the heels
of a 1% decline in April. Orders excluding
transportation fell 0.9% as civilian and defense aircraft
boosted the top-line number. Core capital goods
orders fell 0.8%, but shipments were up 0.6%.
Another large drop in overall shipments indicates that
manufacturing conditions are little improved since the
start of the year, though they are holding up better than
during prior recessions.
- OFHEO Purchase-Only House Price
- U.S. house prices fell by 0.8% from March to April
2008, according to OFHEO's monthly purchase-only
price index. Although this is a lower rate of
depreciation than in December to January when
prices fell by a full 1%, it is still higher than the
previous two months and indicates an accelerating
rate of depreciation, along with continuing worsening
of demand conditions in housing markets. As usual,
the rate of price depreciation was uneven between
regions, with the Pacific region recording the largest
decline while the East and West South Central
divisions recorded price increases.
- Monthly Home Price Index - Further
- House price declines slowed further in April. Both
the 10-city and 20-city composite S&P/Case-Shiller
house price indices declined again in April, by lesser
amounts on a month-ago basis. The 10-city
composite fell 1.6% and the 20-city dropped 1.4%.
However, prices were down on a year-ago basis by
record amounts again. The 10-city composite was
down 16.4% over the past year, and the 20-city
composite was down 15.3% over the past year. Prices
fell in 12 of the 20 metro areas in April from a month
- New-Home Sales (C25)
- Home sales declined in May as housing markets
continue on a downward trend. Sales of new single-
family homes for May came in at 512,000 after
seasonal adjustment, a decrease of 2.5% below the
revised April total of 525,000 sales, and 40.3% below
the total for May 2007 of 857,000. The supply of new
single-family homes remains high at 10.9 months,
given the current rate of sales. The new sales totals
correlate well with both falling home prices and fewer
purchase mortgage loan applications.
- Existing-Home Sales
- Housing improved, with the National Association
of Realtors reporting a 2% increase in existing-home
sales in May to an annualized pace of 5 million. The
months of inventory available for sale hit 10.8. The
median existing-home price was down 6.3% y/y.
Discounted home prices are helping to spur buyers
back into the market.
- MBA Mortgage Applications Survey
- The MBA market composite indices finished lower
for the week ending June 20, despite a decrease in
contract rates. The market index fell by 9.3%
compared with the week before. Refinancing
applications continued falling, with the refinance index
finishing down by 12.1% from the previous week.
Purchase applications were down by 7.4%.
Apparently, falling interest rates were either
insufficient or too late this week to jump-start any sort
of market rally, so the indices continued their
- Chain Store Sales
- Chain store sales fell 0.6% in the week ending
June 21, following two weeks of gains according to
the ICSC. Year-over-year growth inched up to 2.2%,
the strongest in seven weeks. Sales were reportedly
hurt by cooler weather, but benefited from stabilization
in gasoline prices and continued distribution of tax
- Natural Gas Storage Report
- Working gas in underground storage rose by 90
billion cubic feet during the week ending June 20, in
line with consensus expectations. Working gas in
underground storage was 2,033 bcf as of June 20,
382 bcf lower than a year ago and 56 bcf below the
five-year average for this time of year.
- Oil and Gas Inventories
- Crude oil inventories rose by 0.8 million barrels for
the week ending June 20, according to the Energy
Information Administration, contradicting expectations
of a 1.4 million barrel decline. Gasoline inventories fell
by 0.1 million barrels, in line with expectations.
Distillate supplies rose by 2.8 million barrels, higher
than the expected 1.9 million barrel build. Refinery
operating capacity fell to 88.6% from 89.3%. This
report points downward for prices.
Source: Economy.com 2008
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|Note from Bob Springmeyer:
As some of you may know I am the Democratic
Candidate for Utah Governor.
I chose community activist and retired SBA official
Josie Valdez to run as my lieutenant governor.
Last week we opened our campaign
Headquarters with a great party and an excellent turn-
We now have a staff, lawn signs, bumper stickers
It is my hope that I can continue to send out the
Monday Report weekly without interruption.
The Monday Report has always reflected my
business and economic development values.
I don't intend that the Monday Report will become
a campaign tool, but if you are interested in my
campaign and want to be supportive, please click on
the link below.
The good education, good jobs, good health and
good government Candidate for Utah Governor
Election Date: November 4th, 2008