Monday Report
Walkability - City Rankings April 13th, 2009


SCORECARD

County Retail Sales - Change Jan 2008-Jan 2009

Current Bonneville Research Projects:
 

ECONOMIC NOTES:

2009 Monday Report Survey

Thank you to the 222 who participated:

Final Results Summary:

  • 85% Say they read the Monday Report Always or Frequently
  • 68.4% Say they want to receive the Monday Report Weekly
  • 73.8% Say they read all or most of the Monday Report
  • 66.6% Say they are very satisfied with the Monday Report
  • 22.5% Say they are somewhat satisfied with the Monday Report
  • 92.2% Say they find the Monday Report information very or somewhat relevant

See results:

http://survey.constantcontact.com/survey/a0 7e2hfpqngfsc86z7x/results

Dutch John Consulting Proposals being accepted

  • Notice of Invitation to submit a proposal for Planning and Development service for the Dutch John area. Daggett County announces its intention to accept proposals for consultant services for the planning and development of the Dutch John area. Proposals are due by 5:00 p.m. on Monday, June 8, 2009. An informational meeting will be held at the Dutch John Conference Hall on Friday, May 1, 2009 at 2:00 p.m.
  • For more information contact the Daggett County Commission Assistant at PO Box 219; Manila, UT 84046; (435) 784-3218 ext. 134 or by e-mail to braymond@daggett.state.ut.us .

National Economic Notes:

  • Global Business Confidence -29.0%
  • Business pessimism remains deep and widespread across all industries and regions of the globe. Survey responses regarding hiring and equipment and software investment remain at record lows. Sales remain extraordinarily soft and pricing power continues to weaken. It is encouraging that businesses are becoming steadily less negative about the economy's prospects later this year and that the index has inched up very recently.
  • International Trade (FT900) -$10 B
  • The U.S. trade deficit narrowed to $26 billion in February, down substantially from January's $36.2 billion deficit. Moody's Economy.com had expected a slightly lesser narrowing to $35 billion. This marks the seventh straight month of declining gross imports and the seventh straight month of narrowing trade deficits, though the decline in gross exports has been halted.
  • Consumer Credit (G19) -$7.5B
  • Consumer credit balances fell more significantly than expected in February. Total credit declined by $7.5 billion to a total of $2.564 trillion. Revolving credit balances drove the decline, while nonrevolving credit expanded slightly.
  • Job Openings and Labor Turnover Survey - 29.2%
  • Gross labor market flows remained largely unchanged in February compared with January. In February, 4.36 million people were hired, compared with 5.04 million a year ago. The number hired was overwhelmed by the 4.83 million who left their jobs, either voluntarily or because of layoffs. However, fewer separations occurred than in January, and the number of job openings edged higher, to 3 million from 2.9 million.
  • Wholesale Trade (MWTR) -1.5%
  • Wholesale inventories declined by 1.5% in February, doubling consensus expectations, following a downwardly revised 0.9% decline in January. Sales rose by 0.6% in February following January's upwardly revised 2.4% decline. The inventory-to-sales ratio fell by three-hundredths of a point from an upwardly revised 1.34 to 1.31 in February.
  • Jobless Claims -20k
  • Initial jobless benefit claims decreased by 20,000 to 654,000 for the week ending April 4, an unexpected drop. However, continuing claims continued to mount, rising by 95,000 to 5.84 million for the week ending March 28, setting another new high. Although this may be a sign that layoffs are decelerating, it is clear that the labor market is in very poor shape.
  • MBA Mortgage Applications Survey +4.7%
  • In the week ending April 3, the MBA market index increased 4.7% to 1,250.6. Both the purchase and refinance indices fared similarly. The purchase index increased 11.1% to finish at 297.7. Meanwhile, the refinance index ended at 6,813.5, rising 3.2% over the previous week. Contract rates increased slightly but remain near historic lows.
  • Chain Store Sales -2.1%
  • Chain store sales weakened in March with more retailers posting disappointing same-store sales growth. In aggregate, sales fell 2.1% for the month, according to the ICSC, the sixth consecutive decline and larger than expected. Excluding Wal-Mart, sales fell 5.1%, the largest decline since November. The shift in Easter was a noteworthy drag on sales taking growth down by 3 percentage points, according to the ICSC. Gasoline prices also hurt, undermining sales at warehouse clubs. Luxury sales continued to tumble as consumers remain intensely focused on necessities as the overall spending picture remains weak.
  • Oil and Gas Inventories +1.7 mb
  • Crude oil inventories rose by 1.7 million barrels during the week ending April 3, according to the Energy Information Administration, in line with expectations. Gasoline inventories rose by 0.6 million barrels, exceeding expectations of a 1.4 million barrel decline. Distillate inventories fell by an outsized 3.4 million barrels, eclipsing expectations of a 600,000 barrel decline. Refinery operating capacity inched higher to 81.8% from 81.7%, in line with consensus estimates. Total domestic petroleum demand rebounded. This report will send oil prices higher.
  • Weekly Natural Gas Storage Report+20 B cf
  • Working gas in underground storage rose by 20 billion cubic feet during the week ending April 3. The consensus estimate was for an increase of 14 billion cubic feet.

THIS WEEKS LEADS:

  • Save-A-Lot
  • Save-A-Lot operates 1,180 locations nationwide.
  • The supermarkets, carrying a limited assortment of grocery items, occupy spaces of 14,000 sq.ft. to 16,000 sq.ft. in strip and value centers in addition to downtown/urban and freestanding locations.
  • Plans call for 60 openings throughout the existing market during the coming 18 months.
  • Typical leases run five years.
  • A vanilla shell and specific improvements are required. Preferred cotenants include value retailers.
  • Preferred demographics include a population of 50,000 within a three-mile radius earning an average household income of $40,000.
  • Major competitors include Aldi.
  • A land area of two acres is required for freestanding locations.
  • The company is franchising.
  • For more information, contact
    • Fred Rudolph,
    • Save-A-Lot,
    • 100 Corporate Office Drive,
    • Earth City, MO 63045
  • Little Caesars Pizza
  • Little Caesar Enterprises, Inc. trades as Little Caesars Pizza at locations nationwide.
  • The pizzerias occupy spaces of 1,200 sq.ft. to 1,400 sq.ft. in endcaps with a drive-thru, freestanding locations and strip centers.
  • Growth opportunities are sought throughout the existing market during the coming 18 months.
  • Typical leases run five years with options.
  • The company prefers to locate near supermarkets, video stores and pharmacies.
  • Preferred demographics include a population of 25,000 within three miles earning $50,000 as the average household income.
  • The company is franchising.
  • For more information, contact
    • Mike Atwell,
    • Little Caesar Enterprises, Inc.,
    • 2211 Woodward Avenue, Detroit, MI 48201-3400

Public Policy Initiatives

  • IA - Culver Announces Funds for Neighborhood Program. Gov. Chet Culver announced that more than $20 million in awards will be provided to 23 communities from the Neighborhood Stabilization Program, with Boone receiving $675,744 under the program. The program provides emergency assistance for redevelopment of abandoned or foreclosed homes as called for in The Housing and Economic Recovery Act of 2008. http://www.midiowanews.com/site/434&rfi=6
  • MT - Schweitzer Announces Bipartisan Solution to State's Environment. The Montana House of Representatives gave final approval to a bill that would allow anglers, floaters and hikers to gain access to the state's rivers and streams via public bridges on public roads. Gov. Brian Schweitzer said the bill provides a bipartisan solution to a 20-year dispute between anglers, hunters, environmentalists and landowners. "This bill will protect our Montana tradition of public access to our world-class, blue- ribbon trout streams and lets out-of-state landowners know that in Montana our streams and rivers are not for sale," Schweitzer said. http://www.montanakaimin.com/stream_access/3650
  • TN - Bredesen Announces Recovery Funds for Health Clinics. Memphis Health Center and Christ Community Health Services will share portions of the $6.5 million in federal stimulus money the state has budgeted for community health centers. Statewide, the stimulus money will allow health centers to treat 37,000 additional people, including 20,000 people with no insurance, according to Gov. Phil Bredesen's office. "These Recovery Act grants will play an integral role in expanding primary and preventive health care services at a critical time for our state," Bredesen said. "These funds greatly benefit families whose health care resources are fewer as a direct result of the economic downturn." http://www.memphisdailynews.id=41752
  • MA - Patrick Announces Increase in Student Loan Availability. Students unsure whether they will receive student loans during the economic crisis saw a ray of light when Gov. Deval Patrick announced the infusion of millions of dollars into a state loan agency. The Massachusetts Educational Financing Authority will offer students attending college in Massachusetts more than $300 million in fixed- interest loans for the upcoming academic year, Patrick announced. "The first step toward future success starts with education and securing opportunities for tomorrow's workforce," Patrick said. "Through our continued partnership with MEFA, we are making a college education affordable and accessible for more Massachusetts students, and that's good news for all of us." http://www.dailyfreepress.com/300-million- 1.1650812
  • CO - Ritter's Art Show Shines Spotlight on Colorado Talent, Economic Drivers. View works by more than 50 of Colorado's finest painters and sculptors at The 18th Annual Colorado Governor's Invitational Art Show and Sale. Created as a way to highlight local artists, the event has taken on additional importance in today's economy. "Supporting the arts is important because of the critical role they play economically and culturally in Colorado," stated Gov. Bill Ritter. "There are more than 13,000 arts- related businesses in the state employing more than 55,000 people," Ritter stated. "Investments in the creative community can boost Colorado's economic development efforts, improve education and build on our quality of life by fostering a diversified work force." http://www.coloradoan.com//904090309

2009 Monday Report Survey Results
Greetings!

  • Walkability - City Rankings
  • Map - County Sales 1/08 - 1/09
  • Regular Features
    • Public Policy Initiatives
    • Economic Notes
    • This Weeks Leads
  • SCORECARD
    		•

    Walkable Communities

    Walkability Scores by City

    RankCity Walk Score
    1Logan 95
    2Moab 94
    3Orem 92
    4Holladay 92
    5American Fork86
    6Riverton 86
    7Park City85
    8Tooele City83
    9Price 83
    10Downtown Salt Lake City82
    11South Jordan 82
    12Murray 80
    13Draper 80
    14Spanish Fork80
    15South Salt Lake78
    16Bountiful 78
    17Sandy 75
    18Layton 75
    19Riverdale 75
    20Brigham 75
    21Vernal 74
    22Ogden 71
    23Midvale 71
    24Centerville 71
    25Springville 71
    26West Valley City68
    27Provo 68
    28Lehi 63
    29Millcreek 57
    30Taylorsville 54
    31Cedar City 49
    32West Jordan46
    33Nephi 46
    34Lindon 45
    35Springdale 40
    36Farmington 38
    37St George35
    38Pleasant Grove23
    39Cottonwood Heights 17
    40Kanab 15
    41Heber 8
  • Source: Walk Score

    Top Ten Walkable Neighborhoods

    Walkability Scores by City

    RankCity
    1. San Francisco, CA
    2. New York, NY
    3. Boston, MA
    4. Chicago, IL
    5. Philadelphia, PA
    6. Seattle, WA
    7. Washington D.C.
    8. Long Beach, CA
    9. Los Angeles, CA
    10. Portland, OR
  • Source: Walk Score

    What makes a neighborhood walkable?

    • A center: Walkable neighborhoods have a discernable center, whether it's a shopping district, a main street, or a public space.
    • Density: The neighborhood is compact enough for local businesses to flourish and for public transportation to run frequently.
    • Mixed income, mixed use: Housing is provided for everyone who works in the neighborhood: young and old, singles and families, rich and poor. Businesses and residences are located near each other.
    • Parks and public space: There are plenty of public places to gather and play.
    • Pedestrian-centric design: Buildings are placed close to the street to cater to foot traffic, with parking lots relegated to the back.
    • Nearby schools and workplaces: Schools and workplaces are close enough that most residents can walk from their homes.

    Streets Designed for Everyone

      Complete Streets are roads are designed for everyone who uses them, including bicyclists, pedestrians of all ages and abilities, and people getting on and off transit vehicles. These streets are:
    • Accessible: There are wheelchair ramps, plenty of benches with shade, sidewalks on all streets, etc.
    • Well-connected: Streets form a connected grid that improves traffic by providing many routes to any destination.
    • Built for the right speed: Lanes are narrow or traffic calming is in place to control speed.
    • Comfortable: Pedestrian medians at intersections, count-down crosswalk timers, bicycle lanes, protected bus shelters, etc. make the street work better for those outside of a car.
  • Source: Walk Score
    • Find your own Walkscore
  • County Retail Sales - Change Jan 2008-Jan 2009
    		•
    Retail Sales Jan 08 09

    Thanks to Matt Liapis, Mapping Director, Commerce CRG for this Map. Source: Utah Tax Commission, 4.09

  • Current Bonneville Research Projects:
    		•

    Bonneville Research is currently completing a "Blighting Analysis Survey" with Ogden City as part of a comprehensive redevelopment strategy for the future of their important 276 acre East Central Study Area.

    • Redevelopment is one of the most effective ways to breathe new life into deteriorated areas whose conditions act as a barrier to new investment by private enterprise.
    • Redevelopment enables communities to grow inward, not just outward.
    • Redevelopment enhances and expands local businesses, renovates declining housing stock and improves public infrastructure systems and facilities.
    • Redevelopment helps encourage new housing and businesses to locate within already developed areas.
    • Redevelopment tools: Urban Renewal/Economic Development/Community Development
      • Ability to assemble land for development
      • Ability to utilize tax increment and issue bonds
      • Ability to invest in infrastructure to "lure" private enterprise
      • Ability to create affordable housing opportunities
      • Establish a wide variety of partnerships to ensure "buy-in" and plan implementation.
    • Ogden anticipates using tax increment and developer incentive tools to enhance and redevelop key retail/economic centers in the East Central Study Area.

  • SOLVING PROBLEMS - CREATING OPPORTUNITIES
    		•
    BONNEVILLE RESEARCH

    Bonneville Research is a regional consulting firm focused on professional services to state and local governments and private companies seeking winning strategies and achieving impressive results.

    Services include economic analysis for real estate development, public-policy analysis, tourism and economic development

    Since its founding in 1976, Bonneville Research has completed assignments throughout the Intermountain West yielding unmatched experience in high quality public policy analysis and economic analysis.

    Helping Clients Succeed

    Our services include:

    • Financial Analysis
    • Business License Studies
    • Impact Fee analysis
    • Urban Renewal & Redevelopment Analysis and Budgets
    • Strategy and Policy Analysis
    • Economic and Fiscal Impact Analysis
    • Statistical and Survey Research
    • Public Sector Mission Effectiveness

    Each of our studies is tailored to address the unique needs of our clients and their communities.

    Successful client work requires a superior team of outstanding people working fluidly together.

    Bonneville Research is the one firm with the experience and expertise to help businesses, governments and nonprofit organizations solve their toughest problems.

    We work to help clients achieve enduring results and improve the communities in which we live.

    If we can help you, please call or email us at:

    • Bob
      • 801-364-5300
      • BobSpring@BonnevilleResearch.com
    • Jon
      • 801-746-5706
      • JonSpring@BonnevilleResearch.com

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