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The Rise of Utah County.

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Presentation on theme: "The Rise of Utah County."— Presentation transcript:

1 The Rise of Utah County

2 Updated

3 Utah County economy growing at a rapid clip
Job growth August 2016-August 2017 Source: Utah Dept. of Workforce Services

4 Updated

5 Utah’s Silicon Slopes Corridor
Key Stats 25 miles 17 cities 74,744 net new jobs since 2010 252,486 total jobs 38% of increase in jobs statewide Annual growth averages 8.4% Source: Kem C. Gardner Policy Institute

6 Nearly one out of every five new
residential units located in four cities Utah office construction: Top five cities Value (millions) Share of State Salt Lake City $466.7 24.3% Lehi $370.8 19.3% Provo $196.7 10.3% Midvale $107.7 5.6% Draper $97.9 5.1% State $1,917.2 100.0% Not Updated Source: Kem C. Gardner Policy Institute and Ivory-Boyer Construction Database

7 Buildable Land Supply Salt Lake County 37,118 Acres Utah County
Weber and Davis County 52,736 Acres Not Updated Source: Envision Utah

8 Population Projections
State and County Population Projections

9 Utah County projected to be the second
fastest growing county over the next 50 years Percent change in population: Not Updated Source: Kem C. Gardner Policy Institute State and County Projections

10 Utah County is projected to add
over 1 million new residents over the next 50 years Absolute population change by county: Not Updated Source: Kem C. Gardner Policy Institute State and County Projections

11 Utah County is projected to nearly reach
the size of Salt Lake County by 2065 Projected population in 2065 Not Updated Source: Kem C. Gardner Policy Institute State and County Projections

12 Nearly one in three Utahns is projected to live in Utah County in 2065
County share of state population: 2065 Not Updated Source: Kem C. Gardner Policy Institute State and County Projections

13 More than one in every three new Utahns
are projected to live in Utah County County share of total state growth: Not Updated Source: Kem C. Gardner Policy Institute State and County Projections

14 Utah Population Pyramid
Source: Kem C. Gardner Policy Institute

15 Utah County Population Pyramid: 2015 and 2065
Updated Source: Kem C. Gardner Policy Institute State and County Projections

16 Things to think about… Transportation (land, air and water)
Critical land conservation Affordable housing Tax modernization (user fees) Growth, aging and cultural diversity U N I V E R S I T Y of U T A H • D A V I D E C C L E S S C H O O L of B U S I N E S S

17 Full speed ahead! Source: Utah Dept. of Workforce Services and Eccles School Source: Utah Dept. of Workforce Services and Eccles School

18 Kem C. Gardner Policy Institute
David Eccles School of Business | 411 E. South Temple Street Salt Lake City, UT | | gardner.utah.edu Facebook.com/gardnerpolicyinstitute | Twitter.com/KemGardnerInst | LinkedIn


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