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| From Bonneville
Research |
November
28, 2011 |
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| Dear Reader,
This
holiday season we
all have a lot to be
thankful for.
I hope you
have a wonderful
Thanksgiving and
enjoy the weekend
with your family and
friends.
Make
wonderful memories
and cherish the
moments!
_______________________________________
Whose
Ox gets Gored?
With
the failure of the
congressional "Super
Committee" to reach
agreement, federal
law triggers a
series of automatic
spending cuts.
Starting in 2013,
$1.2 billion,
divided equally
between domestic and
defense expenditures
will be cut!
These
cuts will not be
equally distributed
across the country.
Some state and local
economies will
disproportionately
feel the impact.
Areas that rely
heavily on federal
contracts and have
large numbers of
federal employees
will be hit
especially hard.
- In Hawaii,
defense salaries and
procurement were
more than 13.5% of
the economy.
- In New
Mexico, federal
salaries and
procurement
represent 12.4% of
the economy.
- Federal
salaries and
procurement in
Virginia and
Maryland were 18.5%
and 13.5%
respectively.
- Not
surprising, in DC
federal salaries and
procurement
represent 40%.
Also,
not surprising and
despite our elected
officials public
comments that
Government "doesn't
make jobs, Utah is
very much in the
"Federal Government
Business"!
The
recently released
2011 Economic Report
to the Governor
presents the
following
interesting
information:
- Statewide,
2011 Federal
employment in Utah
was 2,830, down
slightly from the
2009 level of 2,967.
- Hill Air
Force Base is shown
to have 10,000 -
15,000 employees
- The US
Department of
Treasury - 5,000 -
6,999 employees
- ATK Launch
Systems - 4,000 -
4,999 employees
- L3
Communications -
3,000 - 3,999
employees
- Department
of Veterans Affairs
- 2,000 - 2,999
employees
- Employment
and earnings:
- Federal
- Civilian -
19,442 employment
with $4,236 ave
monthly wage -
$3.4 Billion or
3.8% of Utah
earnings
- Federal
- Military -
17,025 employment
with $5,348 ave
monthly wage -
$1.07 Billion or
1.2% of Utah
earnings
- Almost
equivalent to the
Utah construction
or retail trade
industries at 5.4%
and 5.9%
respectively.
- Nationally
Federal Civilian
and Military
represent 2.6% and
1.4% so Utah is
more exposed to
federal budget
cuts than the
country as a
whole.
This
employment is not
evenly distributed
throughout the
State, Workforce
Services presents
the following
interesting
information:
- Davis
County employment
and earnings - 61%
of Military
employment:
- Federal
- Civilian - 1,033
employment with
$2,952 ave monthly
wage
- Federal
- Military -
11,843 employment
with $5,174 ave
monthly wage
- Weber
County employment
and earnings - 35%
of Civilian
employment:
- Federal
- Civilian - 6,714
employment with
$3,676 ave monthly
wage
- Federal
- Military - 154
employment with
$5,978 ave monthly
wage
- Salt Lake
County employment
and earnings - 39%
of Civilian
employment, 19% of
Military employment:
- Federal
- Civilian -7,572
employment with
$4,905 ave monthly
wage
- Federal
- Military - 3,215
employment with
$5,179 ave monthly
wage
- Utah County
employment and
earnings:
- Federal
- Civilian -905
employment with
$4,612 ave monthly
wage
- Federal
- Military - 30
employment with
$4,118 ave monthly
wage
- Tooele
County employment
and earnings: 10% of
Military employment:
- Federal
- Civilian -168
employment with
$3,270 ave monthly
wage
- Federal
- Military - 1,664
employment with
$5,476 ave monthly
wage
Sources:
http://stateline.org/live/details/story?contentId=615227
http://www.governor.utah.gov/dea/ERG/2011ERG.pdf
http://jobs.utah.gov/jsp/wi/utalmis/industrydetail.do
We
welcome you comments
and suggestions.
Thanks,
Bob
Springmeyer
Bonneville
Research
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Where
are the State Liquor
and Wine Stores
Bonneville Research
prepared interactive
maps showing where
current State Liquor
and Wine stores are
located and where
grocery store anchored
shopping centers are
located and which ones
may to too close to
schools, churches and
other "puplic places".
Click on the
following link to see!
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This
Week's Leads:
Pittsburgh
Plate Glass
PPG
Industries trades as
Pittsburgh Plate
Glass at more than
400 locations
nationwide and
internationally.
The company prefers
to occupy spaces of
2,500 sq.ft. to
6,000 sq.ft. in
freestanding
locations and strip
centers.
Growth opportunities
are sought
nationwide during
the coming 18
months. The
company is
site-selective.
For more
information, contact
Mike Calleja, PPG
Industries, 400
South 13th
Street, Louisville,
KY 40201
La-Z-Boy
La-Z-Boy,
Inc. trades as
La-Z-Boy at 308
locations nationwide
and throughout
Canada. The
home furnishings
stores, offering
sofas, chairs,
recliners, love
seats, sectionals
and sleepers, occupy
spaces of 12,000
sq.ft. to 15,000
sq.ft. in
freestanding
locations and
endcaps of lifestyle
and power
centers. Plans
call for 15 to 20
openings throughout
the existing markets
during the coming 18
months.
Typical leases run
10 years.
Specific
improvements are
required.
Preferred cotenants
include Bed Bath
& Beyond, Home
Depot, Lowe's Home
Improvement, Best
Buy and
Target.
Preferred
demographics include
a population of
200,000 within 15
miles earning
$60,000 as the
average household
income. For
more information,
contact David
Baratta, La-Z-Boy,
Inc., 1284 North
Telegraph Road,
Monroe, MI 48162
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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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12 Best Reginal
Snack Foods:
From
Louisiana gumbo to
New England clam
chowder, America
is stacked with
regional
delicacies that
evoke nostalgia
(not to mention
hunger pangs) from
its often
far-flung native
eaters. But
equally beloved
are those regional
snack foods we
grew up on that we
can't ever seem to
find anywhere else
but home, and
we're not talking
Oreos and
Cheez-Its. Click
through the
pictures below for
a look at some of
our favorite
snacks from across
the 50 states...
Berger
cookies, Red Vines
and more
http://www.zagat.com/buzz/12-best-regional-snack-foods
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Food
Stamp/Supplemental
Nutrition Assistance
Program (SNAP) Receipt
in the Past 12 Months
for Households by
State: 2009 and 2010
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Rank
% of
Recipients
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Area
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Food
stamp/SNAP
receipt in 2009
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Food
stamp/SNAP
receipt in 2010
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Change
in food
stamp/SNAP
receipt
(2010 less 2009)
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Estimated
#
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%
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Estimated
#
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%
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Estimated
#
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%
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United
States
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11,707,519
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10.3
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13,608,177
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11.9
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1,900,658
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16 .2
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1
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Oregon
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215,791
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14.5
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269,533
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17.9
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53,742
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24 .9
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2
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Washington
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282,907
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11.1
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346,450
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13.3
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63,543
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22 .5
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3
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Arizona
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244,136
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10.7
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308,610
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13.2
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64,474
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26 .4
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4
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New
Mexico
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79,217
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10.7
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99,329
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13.0
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20,112
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25 .4
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5
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Idaho
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49,288
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8.8
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71,990
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12.5
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22,702
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46 .1
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6
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Nevada
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65,473
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6.8
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97,141
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9.8
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31,668
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48 .4
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7
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Montana
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32,887
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8.8
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37,192
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9.2
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4,305
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13 .1
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8
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Hawaii
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34,900
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7.8
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40,594
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9.1
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5,694
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16 .3
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9
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Utah
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62,314
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7.2
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78,187
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8.9
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15,873
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25
.5
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10
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Colorado
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116,941
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6.1
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153,681
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7.8
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36,740
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31 .4
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11
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California
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754,865
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6.2
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918,290
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7.4
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163,425
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21 .6
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12
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Wyoming
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11,089
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5.2
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13,874
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6.2
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2,785
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25.1
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Source:
www.census.gov/acs/www)
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Media Coverage of
the Bonneville Research DABC
Business Plan
Bonneville Research
recently reported to the Utah
State Legislature's Business
and Labour Interim Committee
on our "Enhanced Business Plan
for the Retail Operations of
the Department of Alcoholic
Beverage Control.
The following media links:
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Economic
Notes:
Global
Business Confidence
Global businesses
remain cautious, with
confidence edging down a
bit last week. Sentiment
is consistent with a
global economy that is
barely growing at its
potential. Despite last
week's step back,
confidence has improved
meaningfully since late
summer. Businesses'
broad assessment of
current economic
conditions has improved
the most during this
period, and expectations
regarding the outlook
have taken on a somewhat
brighter hue. Businesses
are also speaking a bit
more optimistically
about hiring.
GDP:
2.00%
Growth in real
GDP for the third
quarter was revised
down to 2% (SAAR) from
the 2.5% reported last
month. There were
downward revisions to
inventories, business
investment and
consumer spending,
somewhat offset by a
downward revision to
imports. Profits rose
2.1% (not annualized)
in the third quarter.
The downward revisions
were disappointing,
but economic growth
should pick up and the
recovery should turn
into a self-sustaining
expansion in 2012.
Mass
Layoffs:
1,353
Mass layoff
events and the number
of employees affected
decreased slightly in
October from the
previous month,
roughly in line with
improvements in more
timely data showing an
downtick in jobless
claims over the month.
The declines in both
pieces are positive
signals, suggesting
that the labor market
recovery is gaining
some momentum. The
number of layoffs
involving at least 50
workers from a single
establishment
decreased to 1,353 in
October. These layoffs
involved 118,689
employees.
Existing-Home
Sales:
+1.4%
Existing-home
sales advanced
unexpectedly in
October compared with
September, rising 1.4%
to an annualized 4.97
million units. Months
of inventory have been
inching steadily
downward for the last
three months to the
current reading of
eight. Even so, the
broader trend for the
resale market remains
depressed reflecting
weak demand; sales
have hung around the 5
million mark for the
last two years, while
inventory conditions
are improving largely
on the back of a
shrinking number of
homes available for
sale
Chain Store
Sales Snapshot:
-0.9%
The ICSC chain store
sales index posted its
first decline in four
weeks, dropping 0.9%
in the latest week.
Year-over-year growth
dipped to 2.8% from
3.1%. The ICSC
reported weak customer
traffic at discounters
as consumers
apparently await
larger discounts, and
warm weather was
unfavorable for
demand. Spending
continues to grow only
modestly.
Source: Economy.com
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Wharton Notes:
A New Era
for Nonprofits: Seeking Data
That Makes a Difference
All
nonprofits want to make a
difference. But how can
they be sure that their
efforts are working -- and
communicate that to an
increasingly competitive
and demanding funding
community?
(Posted on November 10,
2011)
http://knlg.net/s2NoyP
Turning the
Page: Books for the Holidays
and Beyond
Our latest
book report offers some
opportunities for reflection
as the year comes to a
close. Jim Collins and
Morten T. Hansen discuss Great
by Choice,
focusing on why some
companies thrive in chaos
while others do not. Malcolm
Gladwell reflects on the
"extraordinary wisdom" that
has influenced the ideas in
his bestselling books.
Wharton professors Peter
Fader and Richard A. Lambert
talk about their new books;
Fader challenges businesses
to identify their most
valuable customers in order
to ensure long-term growth,
and Lambert explains why it
is critical that managers
use financial data to make
smarter decisions. Rob
Markey, co-author of The
Ultimate Question 2.0, discusses
how companies can measure
and increase customer
loyalty. Finally, an excerpt
from Eric Ries' Lean
Startup will
get you thinking about the
benefits of applying lean
manufacturing concepts to
new businesses.
http://knowledge.wharton.upenn.edu/article/2882.cfm
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Bonneville Research
Poll:
RIGHT
NOW, do you think the
Utah economy is growing,
slowing down, in a
recession, or in an
economic depression?
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Growing
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52%
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Slowing
down
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14%
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In a
recession
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29%
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In a
depression
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5%
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100%
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Take the
poll
http://survey.constantcontact.com/poll/a07e5a1nbg4guvnw3qv/start.html
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City Innovation
Rankings:
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REGION
RANK
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CITY
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STATE
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GLOBAL
RANK
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1
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Boston
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Massachusetts
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1
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2
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San
Francisco Bay Area
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California
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2
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3
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New York
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New York
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4
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4
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Toronto
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Ontario
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10
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5
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Seattle
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Washington
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25
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6
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Los Angeles
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California
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29
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7
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Montréal
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Quebec
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31
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8
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Philadelphia
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Pennsylvania
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33
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9
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Chicago
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Illinois
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34
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10
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Washington
DC
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DC
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35
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11
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Vancouver
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BC
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49
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12
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Austin
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Texas
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51
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13
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Denver
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Colorado
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54
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16
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Portland
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Oregon
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60
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21
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Calgary
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Alberta
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81
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34
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Boise
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Idaho
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110
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35
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Boulder
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Colorado
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116
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36
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Honolulu
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Hawaii
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117
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47
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Colorado
Springs
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Colorado
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49
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Las Vegas
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Nevada
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54
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Phoenix
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Arizona
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57
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Salt
Lake City
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Utah
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58
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San Antonio
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Texas
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75
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Sacramento
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California
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78
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Albuquerque
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New Mexico
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Source: 2thinknow,
'Innovation Cities'
https://ui.constantcontact.com/rnavmap/evaluate.rnav/pidJPXvFyawmMkhOuP8Ncf366
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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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