Economic & Demographic Assessment Data Daniel K. Stephens, Intern

Who am I? Daniel Stephens Senior at North Summit Reside in Henefer Business and Marketing Sterling Scholar Strong love for local government, entrepreneurship, and economic ideals

Targets Implementation SWOT Start-up Expansion Recruitment Focus Groups Workforce Plan Detailed Process Implementation Surveys 4. How do we align our workforce to the needs of businesses ? Demographic Assessment SWOT Marketing Plan 7. How do we execute the plan’s recommendations and engage the community? Infrastructure Inventory Targets 5. What message should we convey to attract our target industries? Incentives Analysis Start-up Expansion Recruitment 2. What are the challenges & opportunities presented to us? Community Benchmarking Land Use Plan 6. How do we prepare our community for new residential growth and targeted industries? Industry Cluster Analysis 1. Where are we now and how do we stack up? 3. Which industries will yield the highest degree of success and impact?

McrSAs “The "Summit Park Utah Micropolitan Area" is really western Summit County. I was unable to find a map of it to see if Promontory, for example, is included, or if Deer Crest is excluded because it is across the county line and part of the Heber Micropolitan Area. It looks like the Census Bureau is willing to blur any line except a county line, and those seem pretty solid.” -Tom Clyde; Park Record

Micropolitan Statistical Area (McrSA) Defined by the Federal Office of Management and Budget (OMB). The Micropolitan Statistical Area (McrSA) designation was created in 2003. Centered on an urban cluster (urban core area) with a population at least 10,000 but less than 50,000. Outlying areas included are, again, defined by commuting patterns (at least 25 percent of people in outlying areas are working in the core). Micropolitan cities do not have the economic or political importance of large cities, but are nevertheless significant centers of population and production, drawing workers and shoppers from a wide local area.

Summit County Henefer Coalville Park City Silver Summit Summit Park Snyderville Kamas Francis Oakley Wanship Peoa Hoytsville Samak Echo Marion Woodland

Utah’s McrSAs

McrSA Economic Strength Leaders 2017 (2015 Data) Dickinson, ND (McrSA) 11 Torrington, CT (McrSA) 2 Williston, ND (McrSA) 12 Andrews,TX (McrSA) 3 Claremont-Lebanon, NH-VT (McrSA) 13 Baraboo, WI (McrSA) 4 Carlsbad-Artesia, NM (McrSA) 14 Vineyard Haven, MA (McrSA) 5 Minot, ND (McrSA) 15 Brookings, SD (McrSA) 6 Laconia, NH (McrSA) 16 Durango, CO (McrSA) 7 Bozeman, MT (McrSA) 17 Traverse City, MI (McrSA) 8 Barre, VT (McrSA) 18 Aberdeen, SD (McrSA) 9 Summit Park, UT (McrSA) 19 Beaver Dam, WI (McrSA) 10 Lewisburg, PA (McrSA) 20 Rock Springs WY (McrSA) Sources: Bureau of Economic Analysis, Bureau of Labor Statistics, US Census Bureau

Source: US Census/OntheMap/LODES data

Where Kamas City Residents Work (%)

Where Coalville City Residents Work (%)

Automobiles & Lt. Trucks Source: Utah State Tax Commission Registrations are tied to a Summit County address

Average Earnings Per Industry 2016 NAICS 90

Average Earnings Per Industry 2016 NAICS 72

Average Earnings Per Industry 2016 NAICS 71

Accommodation and Food Services Health Care and Social Assistance Arts, Entertainment, Rec Retail Trade Accommodation and Food Services Health Care and Social Assistance Government Construction Manufacturing Real Estate Professional Services Administrative Services Other Services Utilities Information Crop and Animal Production Mining Management of Companies Transportation Finance and Insurance Educational Wholesale Trade Unclassified Industry

Education

Targets Implementation SWOT Start-up Expansion Recruitment Focus Groups Workforce Plan Detailed Process Implementation Surveys 4. How do we align our workforce to the needs of businesses ? Demographic Assessment SWOT Marketing Plan 7. How do we execute the plan’s recommendations and engage the community? Infrastructure Inventory Targets 5. What message should we convey to attract our target industries? Incentives Analysis Start-up Expansion Recruitment 2. What are the challenges & opportunities presented to us? Community Benchmarking Land Use Plan 6. How do we prepare our community for new residential growth and targeted industries? Industry Cluster Analysis 1. Where are we now and how do we stack up? 3. Which industries will yield the highest degree of success and impact?

Are there any Questions? Thank You! Are there any Questions?