EDCUtah

Feb. 17, 2010
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Economic Review
Jeff Edwards, president & CEO of EDCUtah

President's Message

Salt Lake Chamber's 107th Annual Meeting Exemplifies Business Community's Commitment to Economic Development

Last Thursday the Salt Lake Chamber held its 107th annual meeting, where it celebrated the entrepreneurial spirit at the heart of small business, paid tribute to outstanding volunteers, and recognized the accomplishments achieved in 2009. The event showed off one of the top reasons why companies continue to look at and choose Utah as a place from which to do business: the business environment. Our professional community is second to none when it comes to working collaboratively to strengthen Utah's economy. Among its honorees, the Chamber recognized Penna Powers Brian Haynes, small business of the year award; Hale Centre Theatre, community service award; Red Iguana, minority small business award; and New Media Strategists, entrepreneurial success award.

We congratulate the Chamber's honorees and also the Chamber itself. As Utah's longest-standing statewide business association, the Chamber provides an important voice for large and small businesses alike. Click here and here to learn more about the Chamber awards.

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" link on the bottom of this page. Enjoy!

Jeff Edwards

Jeff Edwards
President and CEO


Feature Story
Transportation Update: Forbes Ranks Salt Lake City Best for Commuters

On Tuesday Forbes ranked Salt Lake City the best city in the country for commuters.

"In Salt Lake City 20 percent of workers find a way to get to work besides driving alone, which leaves the roads less jammed. It's not an accident that commuters in Salt Lake have it better than elsewhere. The state of Utah has poured resources into initiatives that strengthen the city's infrastructure, including 44 miles of 'hot lanes,' carpool lanes that single-occupancy drivers can use for a fee, expediting their trip, and special road-construction techniques that minimize interruptions to traffic," the Forbes story says. "There are a few elements that easy-commuting cities have in common. In those places, more workers take advantage of public transportation, walk or bike; sprawl is minimal so that workers tend to live closer to their offices; and the incidence of travel delays is low."

Public Transportation

Indeed, on any given weekday approximately 141,000 people will ride on Utah's public transit system. That may not seem like many, until you consider that some 38 million riders boarded Utah's public transportation system in 2009.

What's more, public transportation ridership is expected to increase by 40 percent come 2015, when the Utah Transit Authority (UTA) completes its $2.4 billion Front Lines 2015 program -- "One of the biggest, most aggressive, and most successful rail expansion program in the country right now," says UTA spokesman Gerry Carpenter. "One of the reasons we are ranked so high by Forbes is because we have such a comprehensive transportation system. It's a balanced approach with good roads, a solid mass transit system, and people who are willing to try a variety of alternatives, such as biking, carpooling, and telecommuting. All of those things factor in to why we got that ranking."

As one of the fastest growing states in the nation, Utah will see its population explode by more than one million residents by 2030, with the majority of those new residents locating along the Wasatch Front. UTA's expansion program could not come too soon.

"Transportation alternatives are essential to a prosperous economic future for the state," says EDCUtah President & CEO Jeff Edwards, "and public transportation is the most economical, environmentally friendly approach to meeting the needs of our growing population."

Travel Demand

Currently, travel demand is increasing about four percent each year, according to the UTA, which means by 2030 the amount of daily vehicle trips will have doubled compared to today. To help meet transportation demands, in 2004 local-elected officials along the Wasatch Front suggested accelerating UTA's 2030 Long-range Transportation Plan. The approach was presented to voters in Salt Lake and Utah counties, and in 2006 voters approved a quarter-cent sales tax increase to finance the design, construction and operation of 70 miles of new light rail and commuter rail track that were included in UTA's Long-range Plan.

Those 70 miles of new rail make up UTA's Front Lines 2015 project, which consists of five new lines: FrontRunner commuter rail between Salt Lake City and Provo, the Mid-Jordan Light Rail Line, the West Valley Light Rail Line, the Airport Light Rail Line and the Draper Light Rail Line. All five projects will be completed and in full operation by the year 2015, 15 years ahead of UTA's original schedule.

When complete, the Front Lines 2015 project will offer travelers easy connections to downtown Salt Lake City, the University of Utah, West Valley, South Jordan, and Draper. Furthermore, the project will offer commuters a high-speed transit option that is a viable alternative to the automobile, which will increase overall mobility in Salt Lake and Utah Counties.

Mid-Jordan TRAX

The Mid-Jordan TRAX Line is a 10.6 mile light rail line that will run through the cities of Murray, Midvale, West Jordan and South Jordan, terminating at Kennecott Land's Daybreak development. Eighty percent of this project is being paid for with federal money. The line has a projected ridership of nearly 19,000 per day for the section of rail between 6400 South and Daybreak South by 2030. From Daybreak South to downtown Salt Lake City, ridership for the line is projected between 25,000 and 30,000 passengers per day.

West Valley TRAX

The West Valley City TRAX Line is a five mile line running from South Salt Lake past the E Center in West Valley City and terminating just west of the West Valley City Hall. The new line will offer commuters a high-speed transit option that is a viable alternative to the automobile, with improved transit travel times, less traffic congestion, and greater accessibility in West Valley City, Utah's second largest municipality.

Draper TRAX

The Draper TRAX Line extends current light rail service through Sandy and Draper. UTA just released a draft environmental impact statement for the project. UTA is seeking federal funding for eighty percent of this project; however, final funding will not be approved until the environmental study has been completed with the Federal Transit Administration.

Airport TRAX

The Airport TRAX Line is a 6-mile light rail extension that will connect with the existing TRAX system at the Arena Station, located at 400 West and South Temple, near Energy Solutions Arena. When completed in 2012 or 2013, the Airport TRAX Line, combined with the University TRAX Line, will connect the top three trip generators in the entire state of Utah (the airport, University of Utah and downtown Salt Lake City).

Carpenter says the project is roughly 20 percent complete now. Construction on the section with the most impact to travelers is set to get underway in mid-April when crews demolish the North Temple viaduct. Construction of the new viaduct and TRAX line will occur over an 18 month period. UTA was planning to build a structure that ran parallel to the viaduct, however, Salt Lake City officials wanted to rebuild the viaduct. Consequently, UTA and the city are collaborating on that portion of construction. Concurrent with the building of the Airport TRAX line, Salt Lake City is planning to incorporate "Great Street" principles into North Temple Street, highlighting it as a gateway into the city by upgrading lighting, pedestrian and bicycle amenities, and public art.

UTA anticipates that by year 2030, the Airport TRAX line will carry more than 14,000 passengers per day. Its projected cost: $250-290 million during the years of expenditure (2009-2012).

FrontRunner South

FrontRunner Provo to Salt Lake City line (aka FrontRunner South) will provide high-speed commuter rail service between downtown Salt Lake City and Provo, in Utah County. Carpenter says construction is proceeding well and approximately 25 percent complete. The anticipated opening is late 2012 or early 2013. Construction on the project has a number of unusual engineering challenges. For example, widening the Jordan Narrows -- that narrow stretch of river bottom where the Jordan River flows from Utah County into Salt Lake County -- must be done in stages in order to keep irrigation water flowing through the area. Carpenter says the Narrows will be widened to accommodate a second rail line for Union Pacific and two FrontRunner lines, although only one FrontRunner line will be built as part of the 2015 Project. The project requires the construction of 20 different bridges or "fly-overs" -- ten times as many as constructed for the FrontRunner line to Ogden.

The FrontRunner South line will feature six new stations and two future stations:

  • Murray (west of the existing Murray Central TRAX station)
  • South Jordan
  • Draper (future station)
  • Lehi
  • American Fork
  • Vineyard (future station)
  • Orem
  • Provo

In October 2009, UTA received notification of a $250,000 award from the Federal Transit Administration for design and engineering of the new intermodal transit center in Orem. The $10 million center is planned to include a Frontrunner station, 14 bus bays and amenities such as shelters, benches, bike facilities, ticket vending machines, and 400 parking stalls.

Although FrontRunner South's terminus is located in Provo, crews have constructed a floodplain south of Provo in Springville, Utah, to offset wetlands impacts related to building commuter rail in Utah County. In cooperation with the June Sucker Recovery Implementation Program and other agencies, this project was constructed adjacent to a new Hobble Creek channel, a tributary to Utah Lake, and will replace major wetlands functions and vegetation and provide a protected nursery habitat for newly hatched June sucker fish.

Free Ride Friday

Carpenter says the Frontlines 2015 program has drawn the attention of transit officials from across the country – "A lot of people come to Utah to see what we are doing."

It has also draw the attention of local residents, especially interested in such events as Free Ride Friday, which occurred Feb. 12. UTA offered free transit throughout its six county service area for one day only as part of a special Learn to Ride promotion supporting Utah's "Clean Air Challenge," which has been endorsed by Utah Governor Gary Herbert, Salt Lake City Mayor Ralph Becker and mayors from across the Wasatch Front.

"Air quality is an ongoing concern and we want to encourage people to change their lifestyles, to think about how they travel, and consider public transit or other alternatives to driving single occupancy vehicles," says Carpenter. "Obviously, we hope they will come back and ride public transit more frequently, as well as make a commitment to drive less. It will take a commitment from everyone living along the Wasatch Front to be more conscious about how they travel in order to improve our air quality."


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In the News

Forbes Ranks Salt Lake City #1 for commuters
In a report released Tuesday, Forbes.com ranks Salt Lake City the best city in the country for commuters.
(Forbes)

Utah recognized as best in the nation for debt management
Over the past several years Utah has regularly been recognized as a "best place for business", "best managed" or "happiest" state in the nation. Now Forbes magazine has published a ranking that may shed a new light on one of the key reasons Utah enjoys these accolades; debt or the relative lack of it!
(Utah Business Magazine) (Forbes)

USTAR-funded EGI Energy Project to increase efficiency, lower impact of oil and gas drilling
A USTAR-funded researcher has developed a way to help pinpoint layers of hydrocarbon-rich rock in an exciting research study that could increase the efficiency and lower the environmental impact of oil and gas exploration.
(Utah Pulse)

Lofthouse to expand in Ogden
The Lofthouse Bakery Products cookie manufacturer is expanding its Ogden operations and plans to add 115 new, full-time jobs with benefits.
(Deseret News) (Salt Lake Tribune) (Standard-Examiner) (Utah Business Magazine)

NY Times: [City Creek] Project renews downtown, and debate
The New York Times has featured another "Salt Lake City Journal" story about the massive City Creek project.
(NY Times)

Move-in plans, new restaurants mark City Creek development's progress in downtown Salt Lake City
Shops at the LDS Church's City Creek Center won't open until 2012, but the progress of the massive downtown development is impossible to miss.
(Deseret News) (Salt Lake Tribune) (Fox 13)

Digital media event slated for March
The first-ever Pushbutton 2010 Summit — a digital media event designed for industry and technology leaders, entrepreneurs, students and community executives -- is scheduled for March 9-10 in Salt Lake City.
(Deseret News)

Salt Lake City leaders look to clean up, develop Depot District
A west-side pocket plagued by vacant and rundown warehouses, the city's Depot District could be the capital's next neighborhood to score a makeover.
(Deseret News)

Bluffdale could see growth thanks to the NSA
Bluffdale City could start to grow thanks in part to the new national cybersecurity building being built by the National Security Agency at Camp Williams.
(KSL)

Utah schools must produce more job- and college-ready graduates
Investing in a better educated and more skilled workforce is the most viable long-term strategy for helping America and Utah emerge from this crisis in a stronger and more competitive global economic position than we entered it.
(Utah Pulse)

GOED lunch series to focus on exporting
The Utah Export Assistance Center will have a Brown Bag Exporting Lunch series, beginning Wednesday, Feb. 24.
(Deseret News)

Miller Motorsports Park expands superbike event
The HANNspree FIM Superbike World Championship's annual stop at Miller Motorsports Park is more than motorcycle race. It is a four-day festival held over Memorial Day weekend that state and track officials want to turn into a Utah tradition.
(Salt Lake Tribune)

Tourism board to spend $2.1 million on summer promotion
State tourism officials were feeling pretty good about their money situation Thursday.
(Salt Lake Tribune)

Planned Centerville Megaplex project continues to move forward
The 14-screen megaplex and mixed use project planned for this city is moving forward.
(Davis County Clipper)

Think 2011 for commercial sector recovery
The massive City Creek project might be on target for completion in 2012, but that's not soon enough to bounce the Salt Lake Valley's commercial real estate market out of the doldrums this year.
(Salt Lake Tribune) (Deseret News)

Bids sought in solar project
Bids are being sought for the second phase of a solar project in St. George that helps supply the area with power.
(Deseret News)

Outlook improves for Utah small businesses
The outlook continues to improve for Utah's small businesses, according to a monthly gauge released Tuesday by Zions Bank.
(Deseret News)

State to pay $100,000 to study industrial banks
Utah taxpayers are being asked to spend $100,000 for a study that will benefit the state's $131 billion industrial banking industry.
(Salt Lake Tribune)

Waterford School Black and White Auction and Gala
The Waterford School raised more than $192,000 for the college-prep school's scholarships and academic programs at an auction and gala on Jan. 30 at the Salt Palace.
(Salt Lake Magazine)

Calendar

February 18-19
9th Annual Rural Business Conference, Price, Utah

March 9-10
pushbutton summit 2010, presented by Grow Utah Ventures. Utah's premiere Digital Media Summit for digital animation, gaming, mobile distribution, web development, movies and entertainment. Rose Wagner Theatre, Salt Lake City

March 18
EDCUtah Quarterly Investor Update

March 22
Governor's Economic Summit

May 3-6
BIO (Chicago, IL)

June 2
Save the Date! EDCUtah Match Grants Golf Tournament, 7:30 a.m. start (Eaglewood Golf Course) Title Sponsor: CB Richard Ellis

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The EDCUtah Economic Review is a weekly publication of the Economic Development Corporation of Utah. It is distributed to EDCUtah partners and selected other government and civic organizations interested in Utah's economic development.

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