Join the Utah Pavilion and Reception
at the ICSC Convention
EDCUtah has begun preparations for another exciting pavilion at the ICSC Global Retail Real Estate Convention in Las Vegas (May 18-20). As in years past, the Utah Pavilion offers our local government partners an opportunity to engage with retail real estate professionals and showcase what Utah has to offer.
We expect an exciting, productive event and hope interested cities and counties will join us in the pavilion. Commitment letters will go out via email this week, and for more information please contact Marcie Young Cancio at 801-323-4242 or email@example.com.
This year we are also partners in the ICSC Utah Retail Party, which offers an opportunity to present a united front between the state's cities and counties and retail industry professionals. If you are interested in sponsoring the ICSC Utah Retail Party, please contact Lori Coburn, Coldwell Banker Commercial, by Jan. 31 at (801) 947-8352 or email her at firstname.lastname@example.org.
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!
President and CEO
A new CarShare program in the Salt Lake Valley supplements mass transit much like the GreenBike bicycle-sharing exchange program, thanks to a partnership between the UTA, Enterprise, Salt Lake City, the University of Utah and Utah Valley University.
Enterprise CarShare: A Local, Sustainable Transportation Alternative
Log-on. Reserve. Unlock and go. Return. Enterprise Rent-A-Car's new auto-sharing program along the Wasatch Front makes it that easy to have 24-hour access to a rental vehicle near where people live and work, while also allowing them to use mass transit as their main source of travel.
"The program was designed for people that need to rent a car for a short time or at the end of their transit trip," says Utah Transit Authority Spokesman Remi Barron. "Maybe they don't own a car and don't want to rent a car for the entire day but need a car for that last mile after their transit trip."
Through a partnership between the UTA, Enterprise, Salt Lake City, the University of Utah and Utah Valley University, cars are now available in about 30 locations around the Salt Lake Valley. Cars can be rented by the hour, by the day, overnight or by the week. The program supplements mass transit much like the GreenBike bicycle-sharing exchange program that city dwellers have embraced.
"Use the car, drop it off, and get back on transit," says Barron. "It's another transportation option available to Salt Lake City and Wasatch Front residents and local businesses. If you need to go somewhere where there is no bus or train and you don't own a car, it will take you where you need to go."
CarShare requires an annual membership of $40 per year, but Enterprise is waiving the application and membership fees through Jan. 31. Rental rates have also been discounted for a limited time as part of the program rollout. Program details are available at enterprisecarshare.com/car-sharing/program/slc.
Members can reserve a car online for a specific time and place, then pick up the car at one of distribution locations near TRAX and FrontRunner stations, the University of Utah, numerous downtown locations and at Utah Valley University. Membership cards unlock and lock the cars. Rates currently begin at $5 per hour and $75 per day, depending on the make and model. Vehicles must be returned to the same pick-up location.
"We have the experience and resources to make car sharing a success in Salt Lake City," says Neil Hafer, vice president and general manager for Enterprise in Utah, "because we can pair our signature customer service with clean, well-maintained, up-to-date vehicles, including hybrids and easy-to-use mobile technology. With 30 local rental branch offices throughout the region, we also can offer a lower member-to-car ratio than any other car rental or car-sharing company."
CarShare came about after discussions between UTA's planning department and Enterprise. Barron says UTA has offered an auto-sharing program in the past but partnered with Enterprise because of the company's resources, track record and success with similar programs in other markets. The Utah Department of Transportation's "TravelWise" program also supports the auto-sharing initiative. TravelWise incorporates a set of strategies aimed at encouraging individuals, businesses and organizations to use alternatives to driving alone and, thereby, reduce energy consumption, optimize mobility and improve air quality.
In announcing the program, Utah General Manager Michael Allegra said Enterprise CarShare offered the most competitively priced option for bringing flexible, affordable car-sharing solutions to the community.
Salt Lake City is the seventh major retail market to offer Enterprise CarShare in the past two years. The company has a strong track record of success in other urban markets like Philadelphia, New York City, Boston and Chicago and the program is available in more than 35 states, Canada and the United Kingdom.
Hafer says the CarShare program has grown steadily since its November launch. "We have seen increasing interest in memberships and consistent usage of the vehicles among our new members," he adds.
Readers interested in more information about CarShare and how it might help their businesses may contact Jamie Clark at (972) 333-7637 or at Jamie.L.Clark@ehi.com.
2014 Elevating Commercial Real Estate featuring Gov Mitt Romney, 6:30-9:30 p.m. (The Kokopelli Grand Ballroom at The Canyons, 4000 Canyon Resort Dr, Park City)
EDCUtah Reception, 5-7 p.m., Entrada at Snow Canyon Country Club, 2537 West Entrada Trail (St. George)
Utah Alliance for Economic Development Winter Meeting, 7 a.m. - 2 p.m. (Hilton Garden Inn, St. George)
What's Up Down South? Washington County Economic Summit (St. George)
30th Annual Information Technology Conference (Utah State University)
8th Annual Governor's Economic Summit (Grand America Hotel, Salt Lake City) Schedule
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In the News
Cabela's and Varian Medical Systems to expand in Utah
Cabela's will build a distribution center in Tooele County and Varian Medical Systems will expand its X-ray technology manufacturing center in Salt Lake City thanks to assistance from the State of Utah.
(Salt Lake Tribune) (Utah Pulse)
Varian Medical Systems to expand, add 1,000 new Utah jobs
Varian Medical Systems and the Governor's Office of Economic Development have announced that Varian will expand its existing Salt Lake City operation and create about 1,000 new full-time jobs over the coming 15 years.
(Utah Business) (Utah Pulse)
Utah tourism industry poised to hit $1B in tax revenue
Utah's tourism industry experienced a record year in 2012 and is up nearly 10 percent in 2013.
(Deseret News) (Utah Business)
Utahns optimistic about state's economy
For the month of November, Utah consumers were feeling good about the economy and their prospects for the future, according to the latest Zions Bank Consumer Attitude Index, a monthly survey of what Utahns think about the state's economy.
(Salt Lake Tribune) (Deseret News)
Utah companies display goods at Consumer Electronics Show
Xi3 Corp. certainly knows the value of going to the gigantic electronics trade event, the International Consumer Electronics Show, also known as CES.
(Salt Lake Tribune)
Salt Lake earning reputation as tourism center
Ask travelers about visiting Utah, and chances are they will talk about national parks, red rock scenery and ski resorts nestled in the midst of snow-capped mountains.
(Salt Lake Tribune) (Utah Business)
Utah businesses benefit from increased property tax exemption
The state's 2014 personal property tax exemption limit for businesses has been significantly raised, from $4,000 to $10,000, according to Davis County officials.
Local storage company among industry giants
Headquartered in Salt Lake City, Extra Space is the second largest owner-operator of self-storage properties in the United States and the largest self-storage management company in the nation.
USTAR gets new leadership
Gov. Gary Herbert has announced the appointment of former Lt. Gov. Greg Bell as chair of the Utah Science Technology and Research Governing Authority. Bell, now president and CEO of the Utah Hospital Association, takes the place of outgoing chair Dinesh Patel, a business leader who has led USTAR since its inception in 2006.
Crude reality: North Dakota oil boom has Utah envying its surplus green
At times, Cody Stewart looks out his window at the state Capitol overlooking Salt Lake City and sees the lush prairie grasslands of North Dakota.... From his vantage point, he sees how North Dakota has the nation's No. 1 economy, the country's top jobless rate and an education system rife with dollars flowing from unhindered access to natural resources such as oil and gas.
Utah company introduces Internet-based sprinkler controller
There's Internet-based remote-control systems for thermostats, home security cameras and porch lights, so why not for sprinkler systems?
(Salt Lake Tribune)
Workers tearing down Army chemical site in Utah
Crews have begun demolition of the Army depot in Utah that was responsible for destroying more than 40 percent of the nation's stockpile of chemical weapons.
Business community releases 2014 legislative priorities
The Salt Lake Chamber released it's priorities for the upcoming general legislative session in the 2014 Public Policy Guide.
'What's Up Down South' takes on 'Politics vs. the Economy' at Washington County Economic Summit
Hundreds of business and organization leaders will gather for the 2014 Washington County Economic Summit to learn 'What's Up Down South,' Jan. 16 at the Dixie Center in St. George.
Utah gun maker turns down $15M deal with Pakistan
A Utah-based gun manufacturer has turned down a $15 million deal to supply Pakistan with precision rifles, citing concerns they could eventually be used against U.S. troops.
(Washington Post) (Deseret News)
Cooking up business: Eagle Mountain incubator spurs economic growth
A business incubator in Cedar Valley started in 2010 diverges from others in Utah County by working with established family businesses headquartered in the basements and bedrooms of Eagle Mountain homes.
Raising Kane Business Summit starts Jan. 16
The 7th annual Kane County Business Summit will take place on Jan. 16, at the Stampin' Up! manufacturing facility, 1400 S. Highway 89A in Kanab.
(Southern Utah News)
Bill proposed to raise Utah's minimum wage by $1
A Salt Lake County legislator wants to increase the minimum wage by $1 an hour, saying the proposal comes down to an issue of fairness.
GOED approves funds to support Environmental Empowerment and Education Campaign
Taking a step toward reaching Utah's air quality goals, the GOED board approved a $500,000 Economic Opportunity Grant as seed capital to facilitate and implement an air quality campaign.
WSU a business boon to community
Most would agree a university in a community is a boon to business.
Is Salt Lake convention hotel a boon or bust for hotels, convention industry?
To hear Salt Lake County Mayor Ben McAdams tell it, a hotel convention center would generate "a rising tide that would lift all boats."
(Deseret News) (Salt Lake Tribune)
Developers, Salt Lake City clash over fees, parking rules
As downtown Salt Lake City grows, a major clash has emerged over how to fill gaps in its urban smile. Nearly two years after the $1.5 billion LDS Church-owned City Creek Center shopping complex opened on two city blocks, downtown advocates and some of Utah's most powerful developers are frustrated over policies they say thwart construction on land surrounding the new mall.
(Salt Lake Tribune)