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Utah Valley Executive Summit October 4, 2019 Utah County: A View into the Future

Utah County: A View into the Future...A View into the Future Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H Source:

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Page 1: Utah County: A View into the Future...A View into the Future Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H Source:

Utah Valley Executive Summit

October 4, 2019

Utah County:

A View into the Future

Page 2: Utah County: A View into the Future...A View into the Future Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H Source:

Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H

Source: U.S. Census Bureau Vintage 2018 Population

Estimates

Population Change: 2017 to 2018

Page 3: Utah County: A View into the Future...A View into the Future Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H Source:

Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H

Utah Population Growth by

County2017-2018

Page 4: Utah County: A View into the Future...A View into the Future Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H Source:

Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H

Utah Population Growth by

County2017-2018

Page 5: Utah County: A View into the Future...A View into the Future Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H Source:

Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H

Utah’s population is shifting south

Utah Mean Centerof Population

Page 6: Utah County: A View into the Future...A View into the Future Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H Source:

Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H

• 1 in 5 Utahns live in Utah County (7/1/2018)

• From 2010 to 2018, Utah County Contributed • 29% of population growth

• 23% of Births

• 14% of Deaths

• 28% Natural Increase

• 31% Net In-Migration

• Without Utah County, Utah’s population growth ranking falls from 1 to 4

Utah County Population Growth: 2010-2018

Page 7: Utah County: A View into the Future...A View into the Future Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H Source:

Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H

Page 8: Utah County: A View into the Future...A View into the Future Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H Source:

Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H

Utah County

Page 9: Utah County: A View into the Future...A View into the Future Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H Source:

Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H

Utah County

Page 10: Utah County: A View into the Future...A View into the Future Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H Source:

Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H

Utah County

Page 11: Utah County: A View into the Future...A View into the Future Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H Source:

Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H

Utah County Generates JobsJob Change by County: July 2009 – July 2019

Statewide:+36.3%

Page 12: Utah County: A View into the Future...A View into the Future Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H Source:

Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H

Travel & Tourism-Generated Local Sales Tax Revenue

Utah County(in millions of dollars)

Source: Kem C. Gardner Policy Institute analysis of Utah State Tax Commission data

$13.0$14.1

$15.6

$17.2$18.2

FY14 FY15 FY16 FY17 FY18

Page 13: Utah County: A View into the Future...A View into the Future Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H Source:

Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H

Local Sales Tax Revenue, FY2018

Utah County

($216.8 Million)

Travel and Tourism

Generated Portion

($18.2M), 8.4%

Source: Kem C. Gardner Policy Institute analysis of Utah State Tax Commission data

Page 14: Utah County: A View into the Future...A View into the Future Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H Source:

Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H

Year-Over-Year Change in Private Employment

Leisure & Hospitality vs. All Other Sectors

Utah County

5.9%

8.1%

6.5%

3.8%

6.4%

4.6%

7.1%

5.9%5.4%

5.7%

2014 2015 2016 2017 2018

Leisure & Hospitality All Other Sectors

Source: Kem C. Gardner Policy Institute analysis of Utah Department of Workforce Services data

Page 15: Utah County: A View into the Future...A View into the Future Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H Source:

Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H

Out-Commuting from Utah County, by Destination County of Origin

Page 16: Utah County: A View into the Future...A View into the Future Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H Source:

Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H

Out-Commuting from Utah County, by Destination County of Origin

Page 17: Utah County: A View into the Future...A View into the Future Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H Source:

Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H

Out-Commuting from Utah County, by Destination County of Origin

Page 18: Utah County: A View into the Future...A View into the Future Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H Source:

Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H

Out-Commuting from Utah County, by Destination County of Origin

Page 19: Utah County: A View into the Future...A View into the Future Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H Source:

Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H

In-Commuting to Utah County, by County of Origin

Page 20: Utah County: A View into the Future...A View into the Future Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H Source:

Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H

In-Commuting to Utah County, by County of Origin

Page 21: Utah County: A View into the Future...A View into the Future Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H Source:

Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H

In-Commuting to Utah County, by County of Origin

Page 22: Utah County: A View into the Future...A View into the Future Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H Source:

Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H

In-Commuting to Utah County, by County of Origin

Page 23: Utah County: A View into the Future...A View into the Future Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H Source:

Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H

Net Commuting in relation to Utah County

Page 24: Utah County: A View into the Future...A View into the Future Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H Source:

Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H

Net Commuting in relation to Utah County

Page 25: Utah County: A View into the Future...A View into the Future Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H Source:

Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H

Net Commuting in relation to Utah County

Page 26: Utah County: A View into the Future...A View into the Future Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H Source:

Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H

Net Commuting in relation to Utah County

Page 27: Utah County: A View into the Future...A View into the Future Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H Source:

Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H

Sources: U.S. Census Bureau, DemographyUTAH Population Committee, Kem C. Gardner Policy Institute Projections

Utah County Population Pyramid: 2010

Page 28: Utah County: A View into the Future...A View into the Future Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H Source:

Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H

Sources: U.S. Census Bureau, DemographyUTAH Population Committee, Kem C. Gardner Policy Institute Projections

Utah County Population Pyramid: 2065

Page 29: Utah County: A View into the Future...A View into the Future Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H Source:

Where Utahns live, 2017 and 2065

Source: Kem C. Gardner Policy Institute, 2015-2065 population projections

Page 30: Utah County: A View into the Future...A View into the Future Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H Source:

Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H

The New Utah

Page 31: Utah County: A View into the Future...A View into the Future Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H Source:

Thank you

Pamela S. Perlich, Ph.D.

Director, Demographic Research

Kem C. Gardner Policy Institute, University of Utah

gardner.utah.edu • [email protected]

Voice: 801.581.3358

Page 32: Utah County: A View into the Future...A View into the Future Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H Source:

Kem C. Gardner Policy Institute D A V I D E C C L E S S C H O O L O F B U S I N E S S U N I V E R S I T Y O F U T A H

Facebook.com/gardnerpolicyinstitute

Twitter.com/KemGardnerInst

Kem C. Gardner Policy InstituteDavid Eccles School of Business | 411 E. South Temple StreetSalt Lake City, UT 84111 | 801-585-5618 | gardner.utah.edu