Targeted Employment Areas (TEAs) as defined by the U.S. Citizenship and Immigration Services’ (USCIS) EB-5 Investor Visa Program are defined as: 1. A rural area or 2. A non-rural area that has experienced high unemployment (150 percent of the national average unemployment rate during a comparable 12-month period), or a city in a rural area with a population of 20,000 or more that has experienced high unemployment.
In Utah, two changes occurred. First, Box Elder County was moved into the Ogden-Clearfield MSA.
A second Utah change under the new MSA designations is that Summit County was removed from the Salt Lake City MSA and was given its own micropolitan designation called Summit Park.
Read further information about these two changes, and more.
Showing posts with label Employers. Show all posts
Showing posts with label Employers. Show all posts
Thursday, January 30, 2014
Tuesday, January 7, 2014
Utah Employers, Employment and Wages by Size, 2013
The Utah Department of Workforce Services compiles quarterly employment and wage data for non-agricultural employers in Utah. Data is maintained at the establishment level (e.g., store, plant, or other type of permanent worksite facility). Since these establishments are assigned an industry and county code, their employment and wage data can be aggregated into common industry and county groupings for analysis purposes.
Employment and wage data for Utah’s non-agricultural employers are categorized in this publication by employment size for the month of March in each of the designated years. Grouping data by this criterion provides a useful tool to analyze the characteristics of Utah employers. For example, general trends of the size of Utah employers and employment concentrations by employer size class can be observed. Wage levels for large, medium, and small firms can also be evaluated.
In this publication, data is presented for both establishments and firms. The term "establishment" is generally defined as a specific physical worksite for an employer. For most employers, this is the actual street location at which business is conducted. For others, with no permanent worksite (such as salespeople, factory representatives, or distributors) it is the location from which they conduct their business (sometimes even residences).
For an overview of this publication and a look at your county, click here.
Employment and wage data for Utah’s non-agricultural employers are categorized in this publication by employment size for the month of March in each of the designated years. Grouping data by this criterion provides a useful tool to analyze the characteristics of Utah employers. For example, general trends of the size of Utah employers and employment concentrations by employer size class can be observed. Wage levels for large, medium, and small firms can also be evaluated.
In this publication, data is presented for both establishments and firms. The term "establishment" is generally defined as a specific physical worksite for an employer. For most employers, this is the actual street location at which business is conducted. For others, with no permanent worksite (such as salespeople, factory representatives, or distributors) it is the location from which they conduct their business (sometimes even residences).
For an overview of this publication and a look at your county, click here.
Friday, February 1, 2013
Large Firms in the Bear River region show a gradually shrinking presence
As the Bear River region has seen a slip in jobs at all levels of business size in the aftermath of the Great Recession, a look at firm size through industries could help shed some light on the dynamics of the recession’s overall impact on businesses of different size.
Manufacturing in the region accounts largely for the downward trend in private sector employment among large employers, as the levels of manufacturing jobs have been slipping over the last half of the decade.
The construction industry, in Bear River and the state, is mainly employed by small firms. In Bear River, small private construction firms saw an enormous boom in employment beginning in 2003 that was followed by a bust of the same magnitude, ending at job levels slightly lower than when the boom began almost nine years before.
Since 2003, retail trade jobs have mostly come from both large and small firms. Adjusted on a 12-month moving average to account for seasonality, trending shows that both large and small retail firms were affected to roughly the same degree, though the smaller firms seemed to have felt the sting of the recession sooner than large firms did.
The private sector healthcare/social services industry in the Bear River area showed relatively constant growth in private sector employment over the past decade at all levels of firm size.
The Bear River Region has been driven as much by large employers as by other employer size classes given the manufacturing presence in the northern part of the state. The industry’s consistently downward trend has had a substantial impact on employment in the region.
Studying employers by firm size over time allows one to see the evolving nature of the labor market. Analyzing these dynamics at the sub-state level lends itself to unique, localized perspectives into regional economies, which is essential for employers, prospective employees and policy-shapers tasked with making big decisions. The effect of economic shocks can be seen in the historical series, and the effects of these shocks are different within different industries. These differences are based not only on firm size but also on regional economies. The way firms decide to deal with an ever-changing economic landscape, in turn, influences other firms around them as well as the broader economy.
Read the entire article in the latest edition of Bear River Local Insights
Manufacturing in the region accounts largely for the downward trend in private sector employment among large employers, as the levels of manufacturing jobs have been slipping over the last half of the decade.
The construction industry, in Bear River and the state, is mainly employed by small firms. In Bear River, small private construction firms saw an enormous boom in employment beginning in 2003 that was followed by a bust of the same magnitude, ending at job levels slightly lower than when the boom began almost nine years before.
Since 2003, retail trade jobs have mostly come from both large and small firms. Adjusted on a 12-month moving average to account for seasonality, trending shows that both large and small retail firms were affected to roughly the same degree, though the smaller firms seemed to have felt the sting of the recession sooner than large firms did.
The private sector healthcare/social services industry in the Bear River area showed relatively constant growth in private sector employment over the past decade at all levels of firm size.
The Bear River Region has been driven as much by large employers as by other employer size classes given the manufacturing presence in the northern part of the state. The industry’s consistently downward trend has had a substantial impact on employment in the region.
Studying employers by firm size over time allows one to see the evolving nature of the labor market. Analyzing these dynamics at the sub-state level lends itself to unique, localized perspectives into regional economies, which is essential for employers, prospective employees and policy-shapers tasked with making big decisions. The effect of economic shocks can be seen in the historical series, and the effects of these shocks are different within different industries. These differences are based not only on firm size but also on regional economies. The way firms decide to deal with an ever-changing economic landscape, in turn, influences other firms around them as well as the broader economy.
Read the entire article in the latest edition of Bear River Local Insights
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