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.
Showing posts with label Businesses. Show all posts
Showing posts with label Businesses. Show all posts
Tuesday, January 7, 2014
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
Thursday, November 29, 2012
Brigham City Seeks Input on Economic Strategies
The Brigham City Community and Economic Development Department – with support from Box Elder County – has been conducting a study in order to develop strategies that will help to grow four distinct business clusters in the community that are comprised of the aerospace and composites, structural steel, shooting sports and agricultural areas of concentration.
Box Elder County’s economic development director, Mitch Zundel, said that while this is primarily a Brigham City driven project, the county is following along closely since the scope of the cluster analysis will impact the county as a whole.
Through grants from the U.S. Department of Commerce and other federal, state and local agencies and businesses, Brigham City Corporation has hired former Ogden City Mayor Matthew Godfrey’s consulting firm to draft this industry cluster analysis. Box Elder News Journal
Box Elder County’s economic development director, Mitch Zundel, said that while this is primarily a Brigham City driven project, the county is following along closely since the scope of the cluster analysis will impact the county as a whole.
Through grants from the U.S. Department of Commerce and other federal, state and local agencies and businesses, Brigham City Corporation has hired former Ogden City Mayor Matthew Godfrey’s consulting firm to draft this industry cluster analysis. Box Elder News Journal
Friday, November 23, 2012
Some Local Businesses Push for 'Shop Small Saturday' in Cache and Carbon counties
Jessica McWhinnie is one of a handful of local business owners in Cache county who are participating in the “Shop Small Saturday” initiative Saturday — the day after Black Friday.
The initiative is meant to support local businesses and the economy by taking the focus off of large retail chains. Some participating businesses, like the Persian Peacock, will be closed Thanksgiving and Black Friday, but not every local store is choosing to do so.
The Spirit Goat, located on Federal Avenue, will be open Black Friday — but with abbreviated hours.
“It’s really hard for a small business to compete with the big box stores” on Black Friday, said Becky Yeager, owner of Spirit Goat, an artisan soaps and lotions shop . “We’re new, so we don’t really know what to expect; it may not be our best day, but we understand. So (Shop Small Saturday) is an opportunity to get customers in.”
Participating businesses will donate a portion of Saturday’s proceeds to the Cache Community Food Pantry. In addition, anyone who brings in a non-perishable food donation to any of the participating stores will receive a discount on top of the “Shop Small Saturday” discounts.
Shop Small Saturday is an offshoot of events supported by Local First Utah, a not-for-profit organization. According to its website, Local First Utah is open to all Utah businesses that are at least 51 percent locally owned and make their business decisions independently.
McWhinnie cited a research study by Civic Economics, an economic development strategic planning consultancy, which shows that locally owned retailers return 52 percent of their revenues to the local economy, while national chain retailers return just 14 percent of revenues. That means that for every dollar spent at a locally owned, independent businesses return “almost four times more to the local economy than a dollar spent at a national chain retailer,” the study states.
In addition, local businesses donate to local community causes “at twice the rate” of chains, according to the study. Herald Journal
Many of the smaller shops in the Carbon County area are going to having their own promotional sales on Small Business Saturday this week.
This will be the third year for the event, which began when American Express came up with the idea in 2010. It was designed to get people to recognize how important it is to support the independent retailers in their communities. Sun Advocate
The initiative is meant to support local businesses and the economy by taking the focus off of large retail chains. Some participating businesses, like the Persian Peacock, will be closed Thanksgiving and Black Friday, but not every local store is choosing to do so.
The Spirit Goat, located on Federal Avenue, will be open Black Friday — but with abbreviated hours.
“It’s really hard for a small business to compete with the big box stores” on Black Friday, said Becky Yeager, owner of Spirit Goat, an artisan soaps and lotions shop . “We’re new, so we don’t really know what to expect; it may not be our best day, but we understand. So (Shop Small Saturday) is an opportunity to get customers in.”
Participating businesses will donate a portion of Saturday’s proceeds to the Cache Community Food Pantry. In addition, anyone who brings in a non-perishable food donation to any of the participating stores will receive a discount on top of the “Shop Small Saturday” discounts.
Shop Small Saturday is an offshoot of events supported by Local First Utah, a not-for-profit organization. According to its website, Local First Utah is open to all Utah businesses that are at least 51 percent locally owned and make their business decisions independently.
McWhinnie cited a research study by Civic Economics, an economic development strategic planning consultancy, which shows that locally owned retailers return 52 percent of their revenues to the local economy, while national chain retailers return just 14 percent of revenues. That means that for every dollar spent at a locally owned, independent businesses return “almost four times more to the local economy than a dollar spent at a national chain retailer,” the study states.
In addition, local businesses donate to local community causes “at twice the rate” of chains, according to the study. Herald Journal
Many of the smaller shops in the Carbon County area are going to having their own promotional sales on Small Business Saturday this week.
This will be the third year for the event, which began when American Express came up with the idea in 2010. It was designed to get people to recognize how important it is to support the independent retailers in their communities. Sun Advocate
Thursday, October 25, 2012
West Liberty Foods to Expand in Tremonton
West Liberty Foods is about to launch another major expansion at its Tremonton plant.
The company, whose headquarters are in West Liberty, Iowa, said it is planning to add more than 34,000 square feet of manufacturing and storage space to its Utah facility. The expansion is expected to be completed in August 2013.
The expansion will be the third addition to the facility since it opened in 2007.
Ed Garrett, president and CEO for West Liberty Foods, said in a statement announcing the expansion that the company needed the additional space because of increasing sales volume. He said the addition will bring an estimated 10 million pounds of additional manufacturing capabilities to the Tremonton facility.
"The expansion of the Tremonton, Utah facility is part of our company’s continued success, and the additional space will serve to benefit our customers," he said in the statement.
West Liberty Foods is a co-packer and private label manufacturer of sliced deli meats and other fully-cooked products.
The Tremonton plant employs 530 Utahns. Salt Lake Tribune
The company, whose headquarters are in West Liberty, Iowa, said it is planning to add more than 34,000 square feet of manufacturing and storage space to its Utah facility. The expansion is expected to be completed in August 2013.
The expansion will be the third addition to the facility since it opened in 2007.
Ed Garrett, president and CEO for West Liberty Foods, said in a statement announcing the expansion that the company needed the additional space because of increasing sales volume. He said the addition will bring an estimated 10 million pounds of additional manufacturing capabilities to the Tremonton facility.
"The expansion of the Tremonton, Utah facility is part of our company’s continued success, and the additional space will serve to benefit our customers," he said in the statement.
West Liberty Foods is a co-packer and private label manufacturer of sliced deli meats and other fully-cooked products.
The Tremonton plant employs 530 Utahns. Salt Lake Tribune
Friday, October 5, 2012
Brigham City releases more hotel loan detail
Two weeks ago Brigham City Council voted to approve an application to the United States Department of Agriculture (USDA) to facilitate a $1 million interest free loan for an as yet unnamed hotelier to locate at the city's Academy Square. If the application is approved and the loan is dispersed, the city will be effectively on the hook to ensure its repayment.
"This is not a grant – the money has to be paid back," said Paul Larsen, Brigham City's economic development director.
The USDA's Rural Economic Development Loan and Grant (REDLG) program offers and provides zero percent interest rate loans or grants to qualifying rural telephone and electric cooperatives for use in economic and community development projects. The fact that Brigham City has a population of less than 25,000 and an electric utility cooperative initially qualifies the city for the loan program, according to city officials and the USDA's rural development website.
The tax increment, Larsen said, would act as collateral for the loan as part of the inter-local participation agreement. This would serve to hold the developer accountable and ultimately ensure that any incentives, such as a $1 million loan with the city's name on it, be performance based. Box Elder News
Related post: If you build it, will they come?
Monday, October 1, 2012
If you build it, will they come?
Brigham City Council voted last week to approve an application to facilitate a $1 million interest free loan that would pass through the city to the developer for the development and funding of a hotel in conjunction with the Academy Square project.
"There is need and room in the market for an additional hotel in Brigham City," said economic development director Paul Larsen.
However, some local business persons feel that this might be an example of putting the cart before the horse. Tim Haderlie, general manager of the Logan and Brigham City Crystal Inns, says that by helping to fund hotels and restaurants in the area the city is setting an "unfair playing field."
The downtown Brigham City project has been a long time coming and the Academy Square building has been vacant since the early 1980s with Brigham City purchasing the building over 15 years ago. Many city officials, including the community and economic development department see the opportunity to create jobs and thereby increase the tax base. One agent who has been involved in securing properties for the Academy Square project has said that he has "strived to be fair and advise in a professional way to provide elected officials with the keys to make the decisions." Box Elder News
"There is need and room in the market for an additional hotel in Brigham City," said economic development director Paul Larsen.
However, some local business persons feel that this might be an example of putting the cart before the horse. Tim Haderlie, general manager of the Logan and Brigham City Crystal Inns, says that by helping to fund hotels and restaurants in the area the city is setting an "unfair playing field."
The downtown Brigham City project has been a long time coming and the Academy Square building has been vacant since the early 1980s with Brigham City purchasing the building over 15 years ago. Many city officials, including the community and economic development department see the opportunity to create jobs and thereby increase the tax base. One agent who has been involved in securing properties for the Academy Square project has said that he has "strived to be fair and advise in a professional way to provide elected officials with the keys to make the decisions." Box Elder News
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