Economy

Ken Lund / Flickr Creative Commons

  The Colorado River is often called the lifeblood of the West, and now a new study shows just how economically vital the river is to the seven states that rely on it.

Utah Economic Review

A comprehensive new report on Utah’s economy says business is doing well at the beginning of 2015, and that bodes well for workers, too.

Photo Dean via Flickr

Utah’s unemployment rate for March ticked slightly up from February to 4.1% but that isn't necessarily a bad sign. The rate increased two tenths of a percent from February’s unemployment rate of 3.9%. But Utah Department of Workforce Services Economist Mark Knold says it’s actually a sign that Utah’s economy is improving.

Utah employment numbers rose by more than 32,000 in the May Jobs report released today by the Utah Division of Workforce Services.

Brian Grimmett

 Utah congressman Jason Chaffetz told members of the Utah Legislature to be prepared for an imminent cyber-attack during remarks made in both the House and Senate chambers Friday.

Republican Representative Jason Chaffetz says the future of economic development in Utah depends on the growth of high tech companies but with that comes the increased threat of cyber-attacks. He also stressed the importance of being prepared for such an attack telling legislators it’s not a matter if, but when.

Brian Grimmett

Democratic Congressman Jim Matheson made a visit to the legislature Thursday where he shared a list of things that he believes will help economic development.

He says the first task in encouraging economic development is eliminating uncertainty.

“You can’t eliminate all uncertainty of course but, when public policy multiplies the amount of uncertainty that’s out there, for the private sector, for the public sector, that’s a burden,” he says.

Wednesday, November 14, 2012

The Downturn: How We Got Here and Why It Will Be Long

Co-sponsored by the Department of Economics and Masters of Public Policy, U of U

Dean Baker, Co-director of the Center for Economic and Policy Research, Washington, D.C.

Click here for more information about the Hinckley Institute of Politics Forums at the University of Utah.

AG, Utah Businesses Talk Federal Immigration Reform

Nov 9, 2012

On the second anniversary of the state’s creation of the Utah Compact an agreement between local businesses and organizations that envisions a compassionate and economically positive solution to immigration reform, retiring Utah Attorney General Mark Shurtleff joined Utah business leaders this morning at the Salt Lake Chamber for a roundtable discussion on how Utah’s congressional delegation can push real immigration reform  on the federal level using the same principles espoused in the Utah’s compact.

A new national survey reveals the most important issues to small business owners in this year’s election.  Utah is in line with national trends - rating the economy as the most important issue.  But the Beehive state parts ways with the rest of the country on which Presidential candidate is a better supporter of small businesses. 

George Washington University and Thumbtack.com surveyed more than 6000 small businesses across the country. 

Utah Priorities Project: Jobs and the Economy

Oct 12, 2012
Gary Herbert & Peter Cooke
Dan Bammes

At the bottom of the recession in 2009, Utah’s economy was losing jobs at the rate of six percent a year.  A year later, the number of jobs was growing again, but slowly.  Today, Utah is adding jobs at close to three percent annually and the state’s unemployment rate has dropped below six percent for the first time since 2008.

Residential and business construction was the hardest hit sector by far, and the Utah Foundation’s Morgan Lyon Cotti says it’s been among the slowest to recover.

Brian Grimmett

The City of South Salt Lake will be able to preserve the former Granite High School campus. A new public-private partnership will turn the building into a film and television production studio.

Governor Gary Herbert reconsiders his latest appointment to the Radiation Control Board, Democratic Senate candidate Scott Howell releases his jobs plan, and the ACLU files a complaint against Brigham City.

Salt Lake City’s Downtown Alliance is trying to calm public concern that The Gateway shopping center will close down now that City Creek Center is open.

Andrea Smardon

State lawmakers have given the green light to 90 new liquor licenses for restaurants in Utah.  It was one of the issues decided in a special session Wednesday called by Governor Gary Herbert. 

President of the Utah Restaurant Association Melva Sine says these new licenses will be snapped up fast, and were needed for the industry to continue to grow in Utah.

“We have a critical issue here, and they’ve addressed it in the best way possible in the shortest amount of time possible, so we’re happy with that,” said Sine.

KUER News Pod: Thursday June 14, 2012

Jun 14, 2012

Utah's economy receives high marks from the U.S. Chamber of Commerce, UDOT completes a four mile section of the I-15 CORE construction project, and members of the Utah National Guard leave for a year long deployment in Afghanistan. That and more on today's KUER News Pod.

UCF U.S. Chamber of Commerce

Governor Herbert is in Washington, DC touting Utah’s latest rankings in an annual U.S. Chamber of Commerce report. The state ranked high in economic development and recovery efforts.

Natalie Gochnour, Executive Director of the Salt Lake Chamber, says it’s a good day for Utah’s economy.