President's Message
Rapid Change Enveloping the American West
In late July a significant event occurred that largely slipped
beneath the radar of most media outlets. Governor Jon Huntsman
joined Colorado Governor Bill Ritter in Denver to herald the
release of a new report, “Mountain
Megas: America's Newest Metropolitan Places and a Federal
Partnership to Help Them Prosper,” by the Metropolitan Policy
Program at the Brookings Institution.
The report is part of the larger “Blueprint
for American Prosperity,” a multi-year initiative designed to
promote an economic agenda for the nation that builds on the
assets and centrality of American’s metropolitan areas. The
“Mountain Megas” report assesses the dramatic population growth
and the economic and demographic shifts that are redefining the
southern Intermountain West. It suggests that the region faces
significant challenges and that our 2008 presidential contenders
should take note.
Rapid change is, indeed, enveloping the American West. We commend
Governor Huntsman for his dynamism on this and many other matters
important to Utah and the Intermountain West.
On another subject, I am happy to note that 15 Utah companies have
made it onto Inc. magazine's latest list of the 500
fastest-growing private companies. Tuesday’s
Salt Lake Tribune provides a good summary of the companies
involved. We commend these Utah businesses (listed below) for
their incredible growth.
| Company |
Rank |
Location |
Growth % |
| Skullcandy |
31 |
Park City |
4,077 |
| Interbank FX |
46 |
Salt Lake City |
3,225 |
| Salt Lake Mailing and Printing |
60 |
Salt Lake City |
2,639 |
| Simplicity Group |
94 |
Springville |
1,983 |
| Cymphonix |
168 |
Sandy |
1,399 |
| Seastone |
180 |
Provo |
1,343 |
| BuilderFusion |
252 |
Orem |
1,037 |
| Doha |
324 |
Orem |
885 |
| Fusion Holdings |
335 |
Bountiful |
861 |
| Fishbowl Inventory |
356 |
Orem |
832 |
| Heritage Web Solutions |
392 |
Provo |
778 |
| AtTask |
420 |
Orem |
740 |
| Clearlink |
425 |
Salt Lake City |
737 |
| Mindshare Technologies |
429 |
Salt Lake City |
734 |
| Engenuity Financial |
481 |
Sandy |
650 |
Today's Economic Review also includes links to many of the
ED-related news stories from the past week. As always, if you have
comments, suggestions or topics you'd like to see in the Economic
Review, please contact us by clicking the “Comments” button on the
bottom of this page. Enjoy!

Jeff Edwards
President and CEO
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Feature
Introducing ‘Blueprint Jordan River: A Lake to Lake Vision’
What was once an oft polluted, under-appreciated channel of water
flowing 50 miles from the fresh waters of Utah Lake to the salty
shores of the Great Salt Lake, the Jordan River has in recent
years come to be thought of as an urban oasis. The river parkway
now offers a variety of recreational activities such as the
International Peace Gardens, jogging and equestrian trails,
fishing, canoeing, a water slide, a model airplane park, golf
courses and other attractions, but the best is yet to come.
Last spring approximately 1,300 interested residents from three
counties and 15 communities brainstormed their ideal future for
the Jordan River corridor. They considered its potential for
natural wildlife areas, trails, kayaking, shopping, beautiful work
sites and much more. Their ideas have since been captured by
Envision Utah in a visionary document and maps that depict what
could be possible along the Jordan River. This new vision will be
made public on Sept. 10 in an open house at the Cultural
Celebration Center, 1355 West 3100 South, West Valley City, and on
Sept. 11 at open houses in two locations: Lehi Legacy Center, 123
North Center Street, Lehi and at the Gale Center, 10300 Beckstead
Lane, South Jordan. All three open houses will run from 6 -7:30
p.m. Those not able to attend an open house can evaluate the
vision map and recommendations online at
www.blueprint.slco.org
starting September 10.
Gabriel Epperson, planning director for Envision Utah, says the
open houses provide an opportunity for Utahns to add their input
about the Jordan River and the three-county effort dubbed
“Blueprint Jordan River: A Lake to Lake Vision.”
The Jordan River faces significant challenges but has enormous
potential to be restored and revitalized as a community,
recreational, economic and ecological amenity. While the main goal
of Blueprint Jordan River is to restore the river’s banks, stop
erosion, prevent pollution and restore the wildlife habitat,
Epperson says the 50-mile stretch from Utah Lake to the Great Salt
Lake offers complimentary recreational opportunities that could
make it a premier recreational destination.
“For instance,” he says, “a visitor to the state could ride TRAXX
from the Airport to the Salt Lake County Fairgrounds and from
there choose to kayak, hike, bike or jog for 50 miles in an
unobstructed, attractive, natural parkway.”
The Blueprint Jordan River vision includes a continuation of the
river trail from lake to lake, completion of the multi-use trail
that parallels the river, removal of any trail or river hazards
and efforts to prevent pollution from storm water runoff. If the
vision is achieved, the Jordan River could become the central
amenity in the region, an area that draws residents and visitors
to accessible outdoor recreation, natural beauty, wildlife and
interesting places to work, shop and live.
A common misperception about the Jordan River is that sewage is
the main contaminant, but that’s not so. Epperson says most of the
pollution comes from storm water and development, which erodes the
river bank and washes too much sediment into the water. The cloudy
water is a result of the sediment and algae blooms generated by an
overload of nutrients, like fertilizers from gardens, lawns and
agricultural areas.
The vision calls for preserving the most natural open space as
possible, encouraging low-impact development strategies for new
development, and revitalizing existing commercial or industrial
areas near the river to include commercial venues, restaurants,
recreational rental facilities and access to the river. Such areas
include the Salt Lake County Fairgrounds, the area along the river
near 33rd South, and Thanksgiving Point. The plan would make the
river accessible to a larger number of visitors without affecting
undeveloped areas.
Although Blueprint Jordan River involves three counties, Salt Lake
County is the main sponsor and Envision Utah is the consultant.
Lorna Vogt, Salt Lake County’s open space program manager, says
the county provided most of the seed money to fund Blueprint
Jordan River. Approximately $300,000 has been raised, most of
which is being used to gather citizen input and compile realistic
yet visionary solutions that cities and counties could implement
throughout the river corridor. The vision document also will help
build a public constituency for the river that is essential for
ensuring the vision comes to life. Monies required to implement
the vision will be pieced together from city, county, state and
federal funds.
Vogt says implementation will occur incrementally, as the
interested parties come together to address any inconsistencies
and to ensure that all the efforts affecting the Jordan River
mesh. The jurisdictions along the Jordan River that make policies
and investments affecting it have the most to gain from a river
that achieves its full potential. As the vision develops, citizens
are invited to learn how they can contribute and make it a
reality. For additional information regarding Blueprint Jordan
River, please contact Gabriel Epperson at Envision Utah (801)
303-1453 or Lorna Vogt at Salt Lake County (801) 468-3571.
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In The News
Economic Development Headlines from the Past Week
Deal won't affect plans for Ogden
- Jet
Aviation's acquisition by General Dynamics Corp. is "not really" a
factor in whether it goes forward with plans to put operations in
Ogden, a Jet Aviation spokesman said Monday. While the company has yet
to act on a financial incentive from the state of Utah, the company is
working on the business model and is optimistic to have some
activities operating in Ogden early next year. (Morning
News)
New SLC tech firm acquires 2 companies
- A new
technology company emerged Monday in Salt Lake City with help from
vSpring Capital, a Utah venture capital firm whose investment allowed
Sparxent Inc. to buy a pair of companies with revenues close to $70
million. (SL
Tribune)
Salt Lake's Olympic legacy said to be strong
- As the
curtain falls on the Beijing Summer Olympics, an official from the
2002 Winter games is touting the city's own Olympic legacy. Fraser
Bullock, who served as President and CEO of the Salt Lake Olympic
Organizing Committee, says prior to 2002 people were either unaware of
Salt Lake City or focused on the bribery scandal surrounding the
games.
(KCPW)
Utah colleges rank in 'America's Best'
- Utah
colleges, including the University of Utah, Westminster College,
Brigham Young University and Weber State University, have landed spots
on one of the nation's most popular college-and-university ranking
publications. (Morning
News)
Free-trade boosters make stop in Ogden
-
Organizers of a nationwide tour promoting expanded free trade between
the United States and other nations said a Wednesday stop in Ogden was
the most welcome reception it has received so far. (Standard-Examiner)
Editorial: Tourism grant a good use of tax money
- A
$135,500 grant from the state to the Cache Valley Visitors Bureau is a
good use of taxpayers’ dollars should the funds help bring more
tourism to the area as planned. Money from the Utah Office of Tourism
means the state recognizes the Visitors Bureau’s recent efforts to
promote the area, evidenced by the greatest allocation of funding the
valley has received in the three years it’s received these grants. (Herald-Journal)
Ogden makes a name for itself
- One of
10 places in the country where "you've gotta go." The third-best
American town on the rebound. One of the 12 next great American
adventure towns. These are just a few of the superlatives used
recently to describe Ogden in national magazines and other prominent
media outlets, which have caught wind of the city's revitalization
efforts and the smorgasbord of nearby outdoor activities available to
residents and visitors alike. (Standard
Examiner)
Utah gas prices 3rd highest in U.S.
- Gas
prices in Utah have fallen in recent days, but they remained the
third-highest in the nation Thursday, while global oil prices
increased. At $4.01 for a gallon of regular unleaded gasoline, Utah's
average price was 31 cents higher than the national average of $3.70
per gallon. (Morning
News)
Roy gets new WinCo grocery store
- WinCo
Foods is coming to Roy, the company's first store in Utah. The grocery
store chain, headquartered in Boise, has 62 stores in Idaho, Wyoming,
Nevada, Washington, California and Oregon. (Standard
Examiner)
Working with spouse: Marriage of skills, goals
- Kara
Goldin, founder and CEO of San Francisco-based HINT Water, says women
entrepreneurs are becoming comfortable working with their husbands. (SL
Tribune)
Utah's outlook is called 'recessionary'
- Utah's
economic outlook is grim, and relief may not be on its way any time
soon, economists at a conference hosted by the Utah Association of
Appraisers said Wednesday. (Morning
News)
Delta-Northwest merger looks likely soon
- With no
more congressional reviews planned, conventional wisdom now holds that
the proposed merger of Delta Air Lines and Northwest Airlines will be
completed this year without any major new political objections. (Morning
News)
CALENDAR
Sept. 4:
EDCUtah Annual Meeting, 11:30 a.m. (Grand America)
Sept. 8:
2nd Annual What's IN OUT Back Economic Summit and Golf Tournament
(Zermatt Resort/Homestead Resort & Golf Course)
Sept. 10: Blueprint Jordan River Open House, Utah Cultural
Celebration Center, 1355 West 3100 South, West Valley City and
Sept. 11 at Lehi Legacy Center, 123 North Center Street, Lehi or
the Gale Center, 10300 Beckstead Lane, South Jordan
Sept. 13-17: IAMC (Oklahoma)
Sept. 25:
What's
Goin' Down Up North - Northern Utah Economic Summit, 9 a.m.
- 3 p.m. (Utah State University Innovation Campus, North Logan)
Registration form.
Sept. 30: Utah Chapter
NAIOP Survivor 2008 Bus Tour
Oct. 9-12: CoreNet (Orlando)
Oct. 21: 3rd Annual Procurement Symposium
Oct. 22: Quarterly Update
Dec. 17: Holiday Open House (EDCUtah)
EDCUTAH INVESTORS
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