January 18, 2013

Cover Story

CEO of the Year

Utah’s business landscape is rich with professionals who have le...Read More

Featured Articles

Did you go Skiing this winter?

Around Utah

Sections

Spotlight
Martin Plaehn

Spotlight
Karen Sendelback

Legal Briefs
Social Media and Employers: Friends or Enemies?

Money Talk
The Case for HSAs

Economic Insight
Time to Show Up

Lessons Learned
Make a Move

TechKnowledge
In the Lab

EntrepreneurEdge
Rent to Own

Business Trends
Back from the Dead

Executive Living
Artful Inspiration

Features
A Breath of Fresh Air

Features
Worst-Case Scenario

Regional Report
Northern Utah

Focus
Measure Up

Industry Outlook
Travel & Tourism

Players
Players

Article

Northern Utah Moving Forward but Could Face Setbacks

Di Lewis

January 18, 2013

A group of business and community leaders said Weber and Davis counties are looking up economically, but without steady employment growth and support for Hill Air Force Base, gains in housing and business are at risk. The group was attending Utah Business magazine’s Weber/Davis roundtable Thursday morning.

“It looks as though for us the downturn in the economy is turning up,” said Steve Curtis, Layton mayor.

Ogden Mayor Mike Caldwell agreed, saying properties that have been vacant for years are now occupied and he sees smaller businesses and community growth driving an increase in sales taxes.

Davis County Commissioner Louenda Downs added that as more retail comes in, professional occupancy will grow too.

However the restricted availability of liquor licenses is also restricting economic growth in the city, Curtis said. “When there aren’t the liquor licenses for these restaurants, national major restaurant people, if they can’t acquire a liquor license, they’re not coming. It definitely straps the community and that’s one thing I hope the legislature addresses.”

Liquor laws that are perceived as odd aren’t just a tourism issue either, said Barbara Riddle, president and CEO of the Davis Area Conventions and Visitors Bureau. Riddle says those laws are really an economic development issue because companies are put off by what they see as strange laws when considering locating in Utah.

While Utah’s real estate is improving in residential and commercial, Vickie McCall said that unless national and regional employment numbers continue to improve the growth in housing will not last for more than a year or two.

On the plus side, Cari Fullerton, senior vice president at Bank of Utah, said businesses are now deploying cash they’ve been holding on to during the recession.

“When we look at business financial statements, they’re bruised,” Fulleron said. “They’ve taken a beating and those people that have survived, I won’t say they’re thriving. I think they’re stable. They’re not adding employment. They’re not building buildings. The flip side to that is there’s a lot of cash on the sidelines.”

Growth in business also needs new businesses, said Alex Lawrence, vice provost for innovation and economic development at Weber State University.

“When you move a business from one place to another you have a winner and a loser. The one county loses jobs and a company and the other county picks it up,” he said. “I’m also not a fan of necessarily spending a lot of time and money trying to get companies from out of state to move here… Real job creation happens from companies that are newer that are smaller.”

A transcript of the discussion will be published in the March issue of Utah Business.

Utah Business Social
UB Events View All
SAMY Awards 2015Utah Business Event
Jan 23, 2015
Utah Business magazine along with Presenting Sponsor: Griffin Hill, Premier Sponsors: The Summit ...
Forty Under 40 - 2015Utah Business Event
Feb 26, 2015
Utah Business Magazine along with Presenting Sponsors: Kirton McConkie, BIG-D Construction and Ma...
CEO of the Year 2015 ... NOMINATIONS NOW OPEN!Utah Business Event
Mar 31, 2015
CEO of the Year Nominations end - January 7, 2015. Visit: www.utahbusiness.com/nomination_item...
Community Events View All
Create Success: Intellectual Property Protection for Growth Technology Companies
Dec 31, 2015
This is a presentation by Michael Best, a major national leader in the commercialization of Intel...
Inbound Marketing SLC: Focus on Ecommerce
Dec 31, 2015
Come learn from four ecommerce experts how to grow your business through inbound marketing. Regis...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
Date(s):
to
* Event Description:
  Cancel