From Deseret News archives:
Is Utah's success too much for economy?
However, a new survey of more than 100 businesses that have relocated or expanded in Utah during the past five years shows that those perceptions may be turning.
In fact, Utah's success in attracting new businesses and erasing old perceptions could backfire, according to a report commissioned by the Real Estate Professionals for Economic Development.
"The question is not can we and have we done a good job of recruiting businesses to Utah because we certainly have but have we done too much? Is the engine heating up too fast?" said Antonio Lima, an account manager at the Summit Group, a Salt Lake-based public relations firm that prepared the report.
According to Lima, the study revealed that site selectors are less interested in Utah's polygamous past and more concerned about finding enough employees.
Many respondents in the report expressed concern over Utah's record low unemployment rate 2.6 percent in December.
One respondent in the report said, "When we started looking in the Tooele area, the unemployment rate was around 8 or 9 percent. Now, the unemployment is in the 3 percent range. I don't know why any real estate guys would be trying to drum up more business in Utah. I mean, you don't have any workers to work. If unemployment is at 3 percent it might as well be zero."
Others expressed disappointment about trying to find quality employees. Some said that the state was sold to them as having a "ready, willing and able labor pool," but that no longer exists.
"Sure it's not easy to find workers, but it's ludicrous to ever think that we somehow won't have this ongoing pipeline of labor," said Kelly Matthews, executive vice president and economist with Wells Fargo in Salt Lake City. "I don't think there is any state in the country that even remotely can match our labor force growth year after year after year."
Bill Martin, managing partner of Commerce CRG, said another concern expressed by out-of-state employers was the lack of interest by Utah workers to work overtime.
"We have a great employment base," Martin said. "But they tend to like to work only eight to five. They don't like to work overtime because that is cutting into their outdoor activities."
Comments
- Rescue postponed until morning 11:46 p.m.
- Study: Mentoring makes difference 11:43 p.m.
- Utah Jazz Extra: Starting Five 11:37 p.m.
- Downtown S.L. thrived for a century 11:37 p.m.
- Utah Jazz Extra: Who's hot 11:32 p.m.
- Madeleine concert offers nice touch 11:26 p.m.
- News seeks Christmas memories 11:08 p.m.
- NFL: Week 10 recap 10:59 p.m.
- Obama seeking a balance in China 10:59 p.m.
- Photos of the week, Nov. 15 10:58 p.m.
- BYU happy to escape with victory
230 - TCU creams U.
225 - Editorial: Mormons and gay rights
206 - Will state consider gay rights law?
149 - Letters: Strange breed in Utah
133 - Can BYU root for (ick) Utah Utes?
131 - RSL heads to MLS title game
124 - Utes remain silent about BCS
120 - Celtics crush Jazz
104 - TCU stays 4th in AP; Y. 19th, U. 23rd
96
Sears is holding a special VIP night Sunday, Nov. 15, in stores and online.
Maybe someone out there can help me understand how raising the state...
Now there is proof. The Layton/Alta game in 2007 set a record attendance and...
Utah parents put a lot of trust in the schools and teachers who teach and...
Without Collie on the drive to score the Colts 4th TD, they never get the...
You could easily take out BYU or Utah or TCU if you take out CSU based on the...
To all you dreamers out there who think this would be a great idea, haven't...
There is no way to happiness... happiness is the way. You can't rollerskate...
Since when is showing emotion during a game a requirement for being a...
We played both Juan Diego and Hurricane. They are both well coached and...
No way should we add SMU to the MWC. They would bring absolutely nothing to...
... but not TOO much expansion. That was the problem with the 16-team...



You can be the first to comment on this story.