Category Archive For "Economy"
Summit County Has Recovered Economically from the Great Recession Better Than Most Counties
The National Association of Counties has published their County Economies 2015 Opportunities and Challenges overview. The report looks at unemployment rates, GDP Expansion, wages, and productivity for each of the 3,069 counties in the United States. Specifically it looks at whether jobs, unemployment, GDP, and Home prices have recovered since the great recession. Only 214 counties …
Summit County Unemployment Rate Stays Steady in August
The Utah Department of Workforce has released unemployment numbers for August 2015. Our seasonally adjusted non-farm unemployment rate is holding steady at about 3.2% (same as August). We continue to have the second lowest unemployment rate in the state, with only Cache county having a lower rate at 3.0%. Non seasonally adjusted data from jobs.utah.gov …
Would a Brewery Start the Boyer Tech Park on the Road to Success?
Headphones, skiing, and a developer. What do they have in common? A brewery. As you may know, the Boyer Technology Park (across from Redstone on 224) is a controversial topic. It started out as a pretty good idea; bring high paying technology jobs to Park City. Yet, it has failed to deliver on that promise. …
Danger Park City Main Street…Danger
Reuters is reporting that the 2015 holiday season could be the weakest since the recession started in 2009: The truth is that you never know. A healthy dose of El Nino snow could change everything, but as of right now, the default forecast doesn’t look good for the holidays.
Summit County Taxable Home Values Drop By $79 Million This Year
One of the roles of our Summit County Council is to approve changes to property valuations done by the county Assessor. Property valuations determine what each homeowner must pay in property taxes. While we have heard that homes keep selling for more and more money, it appears, overall valuations don’t support the idea that everyone’s …
Summit County Employment Remains Strong
The Utah Department of Workforce services released July unemployment rates last week. Summit County has the second lowest unemployment rate in Utah, with 3.2% of the population unemployed. That translates into 740 people unemployed (seasonally adjusted). The only county in Utah doing better is Cache county. The following list shows all counties in Utah. Currently Wayne …
How Does the Stock Market Relate to The Success of the School Bond?
I had a couple of questions from readers on why I believe the stock market relates to the likelihood the Park City school bond will pass. Here is why I think it may be one of the biggest factors in this year’s election: Yesterday the stock market (i.e., the S&P 500) lost about 2% of …
If The School Board Really Wants Their $56 MM Bond to Pass …
If The School Board Really Wants Their $56 MM Bond to Pass… They Better Hope This Thing Turns Around in the Next Couple of Months. Oh and we can’t forget this…
What’s Wrong With Park City’s Hotel Occupancy Rates?
I was reading tomorrow’s Park Record (I love the fact that the online version shows up the night before) and it was educating people on taking buses to the 4th of July parade. Toward the end of the article, hotel occupancy was discussed. It said: Occupancy rate is the percentage of hotel rooms rented each …
Beware the Economy
I usually like to stick to local topics but I think this “global” topic is important. Things appear to have pretty much recovered from the 2008 economic downturn. Sundance Festival revenues are back up. Park City tax dollars are at all time highs. We now have the largest ski area in North America. What we …
Parkrag
We believe in citizen journalism. We believe there are stories to tell that can help to shape our community for the better. We believe tomorrow's Park City can be better than today's.
Recent Comments