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From
Bonneville
Research
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June
20, 2011
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Dear Reader,
Gone
Fishing!
This is an
abbreviated Monday Report as I will be in Idaho part of this week
attending a Board Meeting and hopefully getting in a little trout
fishing on the Firehole in Yellowstone and the Henry's Fork in Idaho.
801-364-5300 o
801-673-9021 c
Jon Springmeyer
801-746-5706 o
801-673-9021 c
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Economic
Notes:
Global
Business Confidence
Business
confidence
fell meaningfully last week from the very high readings the
week before. The Memorial Day holiday in the U.S. resulted in fewer
responses to the survey and is behind the week-to-week volatility.
Abstracting from the volatility, sentiment has weakened since the
spring, particularly in the U.S., but continues to hold up reasonably
well. Most of the falloff has been in response to the broad questions
regarding the economy's current performance and outlook six months from
now. Most encouraging is that hiring intentions are more sturdy that
the official employment data. Sentiment remains consistent with a
global economy that is expanding at a pace that is above its potential
growth rate.
Global
Manpower
Employment Outlook Survey:
+12%
The global labor market has improved over the past year, but the
outlook is mixed for the third quarter. Hiring intentions have not
improved in the U.S. but have strengthened in Canada, China, France,
Germany, New Zealand and the U.K. Among other large economies,
employment outlooks deteriorated in Australia, Japan and India.
Fiscally troubled economies such as Spain, Ireland and Italy remain
reluctant to hire additional staff. Above all, more hiring needs to
take place in the U.S. and Europe for the global recovery to evolve
into a self-sustaining expansion
OECD Composite Leading Indicators:
103.0
The OECD composite leading indicator held steady at 103 in April. The
CLIs suggest the U.S. and Germany will remain important drivers of
global growth in 2011. Notably, however, the CLIs for the euro zone as
a whole, the big five Asian economies, and the BRIC countries suggest
growth momentum is slowing. Indeed, the global economy faces a number
of downside risks in 2011, which could undermine the Moody's Analytics
forecast for global growth of 3.4%.
Business Inventories (MTIS):
+0.8%
Total business inventories increased by 0.8% in April, closely aligned
with expectations. The increase was primarily driven by gains at the
manufacturer and wholesale levels, as retailer inventory growth was
scant. Nevertheless, this gain is noticeably slower than that achieved
in March even with the positive contribution from petroleum-related
products.
Producer Price Index: +0.2%
Prices for finished goods rose 0.2% in May, posting the slowest pace
since last summer. The monthly increase was tempered by a slowdown in
fuel prices and a deceleration in finished food prices. Excluding food
and energy, core prices for finished goods rose by 0.2% in May. Prices
for core intermediate goods rose while core crude goods were lower last
month, as commodity prices retreated. However, steady core prices of
finished goods indicate momentum in the recovery. Moreover, faster
price inflation at intermediate stages of production is beginning to
put modest upward pressure on the core index, a trend that will
continue in the months ahead.
Retail Sales : -0.2%
Retail sales fell 0.2% in May, the first decline since June; consumers
are contributing to the pause in economic growth currently under way.
Falling auto sales drove the decline. Excluding autos, sales grew 0.3%,
the slowest growth since July. Weakness in spending was broad based as
sales also fell at electronics and appliances stores, furniture stores,
grocery stores, and general merchandise stores. Strong growth was hard
to find, with nonstore retailers and building supply stores leading
growth. Adding to the weakness, growth in March and April was revised
lower.
Chain Store Sales Snapshot:
-0.8%
The ICSC chain store sales index fell by 0.8% in the latest week, fully
reversing the gains of the prior two weeks. However, sales fell a
similar amount in the comparable week last year so year-over-year
growth slipped only slightly, to 2.4%. Nonetheless, this is the weakest
growth since the end of January. The ICSC indicated that discounters
fared particularly poorly during the week.
Source:
Economy.com
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This
Weeks
Lead:
Mel's
Drive-In
Mel's
Drive-In
operates seven locations throughout CA. The diners occupy
spaces of 2,000 sq.ft. to 5,000 sq.ft. in freestanding locations.
Growth opportunities are sought throughout southern and San Francisco,
CA, as well as Las Vegas, NV and internationally, during the coming 18
months.
For
more information, contact Steven Weiss, Mel's Drive-In, 8585 Sunset
Boulevard, Hollywood, CA 90069
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Grants:
Integrate
Regional
Planning Efforts!
Capacity Building for Sustainable Communities Program
POSTED: 6/7/2011
FUNDING SOURCE: HUD
ELIGIBILITY: Nonprofit and public agencies
$ AVAILABLE: $5,650,000
GRANTS AVAILABLE: N.A.
MAX GRANT SIZE: N.A.
DEADLINE: 7/8/2011
CONTACT INFORMATION: http://www.grants.gov/search/search.do?mode=VIEW&oppId=98173
DESCRIPTION: Funds to provide capacity building support for communities
engaged in planning efforts that support community involvement and
integrate housing, land use, land cleanup and preparation for reuse,
economic and workforce development, transportation, and infrastructure
investments.
------------------------------------------------------
Help Low-Income People Start
Micro-Enterprises!
Job Opportunities for Low-Income Individuals (JOLI)
POSTED: 6/6/2011
FUNDING SOURCE: OCS
ELIGIBILITY: Nonprofits
$ AVAILABLE: $1,160,000
GRANTS AVAILABLE: 4
MAX GRANT SIZE: $290,000
DEADLINE: 8/3/2011
CONTACT INFORMATION: http://www.acf.hhs.gov/grants/open/foa/view/HHS-2011-ACF-OCS-EO-0163
DESCRIPTION: Grants for a wide variety of activities to encourage
low-income individuals to attain long-term employment in living wage
jobs with an emphasis on micro-enterprise development.
------------------------------------------------------
Criminal Justice System
Improvement Grants!
Improving Criminal Courts
POSTED: 6/9/2011
FUNDING SOURCE: DOJ
ELIGIBILITY: Nonprofits, public agencies, and businesses
$ AVAILABLE: N.A.
GRANTS AVAILABLE: N.A.
MAX GRANT SIZE: $1,000,000
DEADLINE: 7/8/2011
CONTACT INFORMATION: http://www.grants.gov/search/search.do?mode=VIEW&oppId=98693
DESCRIPTION: Funds for a wide array of judicial system improvements.
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HUD Grants To Plan Neighborhood
improvement!
Choice Neighborhoods Planning Grants
POSTED: 6/7/2011
FUNDING SOURCE: HUD
ELIGIBILITY: PHAs, local governments, nonprofits, and for-profit
developers that apply jointly with a public entity
$ AVAILABLE: $3,600,000
GRANTS AVAILABLE: 12
MAX GRANT SIZE: $300,000
DEADLINE: 8/8/2011
CONTACT INFORMATION: http://www.grants.gov/search/search.do?oppId=98093&mode=VIEW
DESCRIPTION: Grants to develop comprehensive neighborhood
revitalization plans which will transform these communities into
viable, mixed-income neighborhoods by linking housing improvements with
appropriate services, schools, public assets, transportation, and
access to jobs.
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Grants to Build Electric Vehicle
Equipment!
Smart Grid Capable Electric Vehicle Supply Equipment
POSTED: 6/6/2011
FUNDING SOURCE: Dept. of Energy
ELIGIBILITY: Nonprofits, public agencies, and businesses
$ AVAILABLE: $3,400,000
GRANTS AVAILABLE: 5
MAX GRANT SIZE: N.A.
DEADLINE: 7/18/2011
CONTACT INFORMATION: https://www.fedconnect.net/FedConnect/PublicPages/PublicSearch/Public_Opportunities.aspx
DESCRIPTION: Grants for electric vehicle supply equipment (EVSE) that
are capable of implementing smart charging of electric vehicles (EVs),
referred to as smart grid-capable EVSE, which will support
transportation electrification.
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Strengthen Rural Areas!
Rural Cooperative Development Grants
POSTED: 6/7/2011
FUNDING SOURCE: USDA
ELIGIBILITY: Nonprofits and IHEs
$ AVAILABLE: $7,400,000
GRANTS AVAILABLE: 35
MAX GRANT SIZE: $225,000
DEADLINE: 7/22/2011
CONTACT INFORMATION: http://www.gpo.gov/fdsys/pkg/FR-2011-06-07/html/2011-13927.htm
DESCRIPTION: Grants to improve the economic condition of rural areas
through cooperative development involving partnerships of IHEs and
nonprofit organizations.
------------------------------------------------------
Help Veterans Reintegrate!
Homeless Veterans' Reintegration Program
POSTED: 6/9/2011
FUNDING SOURCE: DOL
ELIGIBILITY: Nonprofit and public agencies, including WIBs
$ AVAILABLE: $2,500,000
GRANTS AVAILABLE: N.A.
MAX GRANT SIZE: $300,000
DEADLINE: 7/9/2011
CONTACT INFORMATION: http://www.gpo.gov/fdsys/pkg/FR-2011-06-09/html/2011-14277.htm
DESCRIPTION: Grants to provide services to assist in reintegrating
homeless veterans into meaningful employment within the labor force and
to stimulate the development of effective service delivery systems that
will address the complex problems facing homeless veterans.
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Bonneville
Research
Poll:
Do you plan to buy a house
Before school starts in the fall
8%
In the next six months
0%
This year 8%
Next year
8%
No plans to buy a house 75%
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Bonneville Research
Founded
in
1976, Bonneville Research provides expert consulting services for
public and private agencies. Our talented and experienced professionals
create customized solutions, emerging from an understanding of each
community's unique set of challenges.
We specialize in:
- Redevelopment
Planning
- Economic
Development
- Real
Estate
Acquisition
- Government
Services
- Real
Estate
Economics
- Financing
- Sustainable
Design
& Development
Our
Mission:
Bonneville
Research
creates solutions to enhance communities' physical, economic,
and social future.
Our Core Values:
- Social
and
community responsibility
- Creativity
and
innovation
- Honest
and
ethical behavior above all else
- Excellence
in
products and services
If we can
help with any of the questions/issues you are facing, simply reply
to this email.
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Bonneville Research Web Site:
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3,438
Average Per Day
3
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Week
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Bonneville Research Facebook Site
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On the Bonneville Research Web Site:
Glossary Key
Economic Development Terms!
ECONOMIC
DEVELOPMENT: A general term indicating projects to
stabilize and enhance an area's economy and create or maintain jobs.
ECONOMIC
FEASIBILITY: (see Feasibility Studies)
ECONOMIC IMPACT
ANALYSIS: Analyzes the effect of a policy, program,
project, activity or event on the economy of a given area. The impact
area can be a neighborhood, community, region or nation.
http://www.bonnevilleresearch.com/glossary
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Public Policy Initiatives:
CO: Hickenlooper Signs Bill to Merge Parks, Wildlife
[Durango Herald]: The
merger of Colorado's divisions of Wildlife and State Parks is a done
deal, thanks to Gov. John Hickenlooper's approval. Hickenlooper signed
Senate Bill 208 at Sylvan Lake State Park near Eagle. It's his
highest-profile achievement in his pledge to make government more
efficient. The legislative work is over, but now managers at the two
agencies will have to combine them over the next several months. The
new joint board that will oversee the Division of Parks and Wildlife
will meet Friday in Grand Junction to interview three finalists to lead
the new agency. The interviews will take place behind closed doors
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 Bonneville Research is
proud to join Yvon Chouinard,
founder of Patagonia, and Craig Mathews, owner of Blue Ribbon Flies and
700 other companies in recognizing that industry and ecology are
inherently connected, and to make a commitment to contribute 1% of
sales to environmental groups around the world. |
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