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OGDEN CITY, UTAH COMMUNITY PROFILE on the COVER Downtown Ogden Photo Source: Tim Sessions

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OGDEN CITY, UTAH COMMUNITY PROFILE on the COVER Downtown Ogden Photo Source: Tim Sessions OGDEN CITY, UTAH COMMUNITY PROFILE ON THE COVER Downtown Ogden Photo source: Tim Sessions Forbes magazine ranked Ogden the 8th best place for business and careers. Sunset Magazine called Ogden one of the West’s top 5 places to live. National Geographic deemed it a top 10 emerging ski town. A major urban and regional center nestled at the foot of the Wasatch Range, our community offers a unique mountain-to-metro lifestyle. Downtown revitalization and rapid growth in key industries have helped Ogden to attract new businesses and create high-wage jobs. Key industries include aerospace, advanced materials, outdoor products, life sciences, and tech. The Brookings Institution has recognized the Ogden metro area as having the nation’s 14th highest concentration Mike Caldwell Mayor of Ogden City of employment in advanced industries. Along with these assets, Ogden offers an affordable cost of doing business and living. COMMUNITY PROFILE Ogden City Weber County Utah Total Population 86,701 238,682 3,051,217 Annual Growth Rate 1.1% 1.5% 2.0% Total Households 32,796 87,515 1,011,099 Median Household Income $41,036 $56,581 $60,727 Median Household Age 29.6 years 31.8 years 29.2 years Civilian Labor Force 450,443 within 35 mile radius 118,508 1,419,516 EDCUTAH COMMUNITY PROFILE EDCUTAH.ORG 91 5 LOGAN BOX ELDER RICH COUNTY COUNTY CACHE COUNTY 89 2 WEBER 2 2 1 OGDEN COUNTY 1 4 3 1 3 4 GREAT 1 SALT 5 MORGAN LAKE COUNTY DAVIS COUNTY 84 3 TOOELE COUNTY SUMMIT COUNTY 2 4 SALT LAKE CITY SALT LAKE COUNTY OGDEN CITY ASSETS MAJOR UNIVERSITIES & TRANSPORTATION COLLEGES Air 1 2 3 1 Weber State University, Ogden 1 Ogden-Hinckley Airport 4 5 WASATCH 42 Ogden-Weber Technical College, Ogden 2 Salt Lake City International LEHI 3 Davis Technical College, Kaysville Rail 4 University of Utah, Salt Lake City FrontRunner Train PROVO 5 Utah State University, Logan long distance commuter UTAH Trax Train LAKE OGDEN MAJOR COMPANIES local/airport Freight Rail 1 Amer Sports SALT LAKE CITY 2 Autoliv Road 3 Northrop Grumman Interstate 15 4 Fresenius USA Manufacturing 84 Interstate 84 5 Hill Air Force Base 89 Highway 89 RECREATION INFRASTRUCTURE 1 Union Station Natural Gas Service 2 Snowbasin Resort Broadband Fiber 3 Powder Mountain Resort DSL, Cable, and Fixed Wireless 4 Pineview Resevior Culinary Water MAJOR EMPLOYERS COMPANY EMPLOYEES INDUSTRY Hill Air Force Base 10000-14999 Air Force Materiel Command Internal Revenue Service 4000-4999 Federal Government Autoliv 2000-2999 Manufacturing & Distribution Fresenius USA 1000-1999 Life Sciences Marketstar 500-999 Sales & Marketing Amer Sports (Atomic, ENVE, Salomon, Suunto) 250-499 Outdoor Products Capstone Nutrition 250-499 Life Sciences Northrop Grumman 250-499 Aerospace & Defense Parker Hannifin 250-499 Aerospace & Defense Esurance 100-249 Finance & Insurance RECENT COMPANY ANNOUNCEMENTS COMPANY JOBS CAPITAL INVESTMENT COMPANY FUNCTION YEAR Oatly 50 $40,000,000 Manufacturing 2019 Borsight 95 $6,300,000 Aerospace & Defense 2018 Amer Sports 155 $32,000,000 Outdoor Products 2018 Parker Hannifin 77 $6,700,000 Aerospace & Defense 2018 Corportation England Logistics 90 $1,000,000 Sales 2016 EDCUTAH COMMUNITY PROFILE EDCUTAH.ORG BUSINESS COSTS TAXES SOURCE: taxfoundation.org $1500 10% Air Force Materiel Command 1200 $1,416 8% $1,404 Federal Government $1,365 900 6% $969 $986 $953 $953 Manufacturing & Distribution 600 4% Flat Rate Flat Flat Rate Flat Life Sciences 300 2% Rate Flat RENO NATIONAL PORTLAND UTAH OGDEN PHOENIX RENO PORTLAND DENVER NATIONAL PHX DENVER 38.9% Average 7.60% 7.60% GRT* 5% 4.63% Flat Rate Flat 4.63% 4.9% Sales & Marketing Property Tax (Collections per capita) Corporate Income Tax RD = Tax Credit on R&D MA = Sales Tax Exemption on Manufacturing *GRT: Gross Receipt Tax Outdoor Products REAL ESTATE: OFFICE SOURCE: RSMeans SOURCE: CoStar Life Sciences $200 $30 Aerospace & Defense 175 25 $25.81 $26.52 150 20 $24.84 $173.47 $166.80 Aerospace & Defense $122.30 $19.60 125 $150.12 15 $144.78 $145.12 $145.12 N/A Finance & Insurance $16.91 100 10 75 5 OGDEN PHOENIX RENO PORTLAND DENVER NATIONAL OGDEN PHOENIX RENO PORTLAND DENVER NATIONAL OGDEN Construction ($/sq.ft.) Lease ($/sq.ft.)* REAL ESTATE: INDUSTRIAL SOURCE: RSMeans SOURCE: CoStar YEAR $175 $12 150 10 2019 $166.80 125 8 $9.36 $8.60 $7.80 100 6 $7.64 $122.30 N/A $114.96 $110.07 $5.77 2018 $106.16 75 $106.40 4 50 2 OGDEN PHOENIX RENO PORTLAND DENVER NATIONAL OGDEN PHOENIX RENO PORTLAND DENVER NATIONAL OGDEN 2018 Construction ($/sq.ft.) Lease ($/sq.ft.) Our employees, many of whom are in their 20s and 30s, could finally buy their first homes by moving 2018 here, thanks to Ogden’s low cost of living. But it was being immersed in some of the best skiing, kayaking, fishing, climbing, and biking trails in the world that really impressed us... It’s helped us attract and retain some of the best and brightest people in the business. 2016 - Mike Dowse Former President, Amer Sports Winter & Outdoor Education & Labor MAJOR UNIVERSITIES & COLLEGES WEBER STATE UNIVERSITY UTAH STATE UNIVERSITY OF UTAH UNIVERSITY OGDEN SALT LAKE CITY LOGAN 26,809 Enrolled Students 31,860 Enrolled Students 28,118 Enrolled Students 5,086 Graduates 7,783 Graduates 3,280 Graduates Public Institution Private Institution Public Institution Expertise in Business, Healthcare, Expertise in Research, Genetics, Expertise in Engineering & Agriculture Sales & Computer Science & Medicine WEBER STATE UNIVERSITY Weber State University has unique strengths in both business and the sciences. The Goddard School of Business is home to a leading program in professional sales, as well as a world-class center for entrepreneurship. The college of Engineering, Applied Science, and Technology (EAST) has strong programs in computer science, engineering, and engineering technology. Additionally, WSU’s Concept Center creates research partnerships, including a partnership with ATK to develop and test carbon fiber aircraft components. OGDEN-WEBER TECH COLLEGE In addition to Weber State, Ogden-Weber Tech College has 5,800 students enrolled in 28 different programs. OWTC has particular strengths in industrial automation, non-destructive inspection, and composites. The college also partners with industry to provide employer-driven technical training, including the Custom Fit program described below. CUSTOM FIT TRAINING Custom Fit Training is a partnership between the Utah College of Technology, Salt Lake Community College, select sister institutions across the state, and the local business community. Its mission is to provide customized employee training to businesses at an affordable cost, either in a classroom setting or at the business location. The Utah State Legsilature appropriates funds each year as an investment in Utah’s economy through Custom Fit. EDCUTAH COMMUNITY PROFILE EDCUTAH.ORG Labor Profile Key Industry Employment Index A location quotient is a value that quantifies how concentrated an industry is in a particular region. This graph shows an index based on location quotients. Any industry value above the national average of 100 demonstrates a competitive advantage in Utah. Medical Equipment & Supplies Manufacturing 1040 Motor Vehicle Parts Manufacturing 677 Medical Equipment & Supplies Manufacturing 1040 Business Support Services 392 NonferrousMotor Vehicle Metal Parts (except Manufacturing Aluminum) Production and Processing 1087677 Aerospace Product & Parts Manufacturing 358 MedicalBusiness Equipment Support Services and Supplies Manufacturing 392 1052 Depository Credit Intermediation 231 PharmaceuticalAerospace Product and & Medicine Parts Manufacturing Manufacturing 358 784 100 National 200 300 400 500 600 700 Average Depository Credit Intermediation 405 Executive, Legislative, and Other Government Support 231 SOURCE: Jobs EQ Business Support Services Key$100 Industry100 National Wages200 393 300 400 500 600 700 Average Key industries were identified by their high location quotients, an indication of the concentration of the SOURCE: Jobs EQ industry.80 100 National 300 600 900 1200 Average $90,213 $100 $50,410 SOURCE: Jobs EQ 60 $48,376 $45,083 $70,300 $37,632 $69,649 80 $63,849 $25,319 $10040 $59,358 $90,213 $50,410 60 $48,376 8020 $45,083 OGDEN UTAH OGDEN UTAH OGDEN UTAH OGDEN UTAH OGDEN UTAH $70,300 $37,632 $69,649 MEDICAL$63,849 EQUIPMENT MOTOR VEHICLE BUSINESS SUPPORT AEROSPACE DEPOSITORY CREDIT $52,566 $25,319 40 $59,358 60 & SUPPLIES PARTS MANUFACTURING SERVICES PRODUCT & PARTS INTERMEDIATION $45,140 $76,309 MANUFACTURING MANUFACTURING$41,623 $68,976 SOURCE:$36,665 Jobs EQ $61,038 20 $30,928 $62,404 $59,503 40 OGDEN UTAH OGDEN UTAH OGDEN UTAH OGDEN UTAH OGDEN UTAH MEDICAL EQUIPMENT MOTOR VEHICLE BUSINESS SUPPORT AEROSPACE DEPOSITORY CREDIT 20 & SUPPLIES PARTS MANUFACTURING SERVICES PRODUCT & PARTS INTERMEDIATION MANUFACTURINGOGDEN UTAH OGDEN UTAH OGDEN UTAH MANUFACTURINGOGDEN UTAH OGDEN UTAH OGDEN 13.22% SOURCE: Jobs EQ NONFERROUS METAL MEDICAL EQUIPMENT PHARMACEUTICAL & EXECUTIVE, BUSINESS SUPPORT PRODUCTION & & SUPPLIES MEDICINE LEGISLATIVE, & SERVICES Five-YearUTAH PROCESSING EmploymentMANUFACTURING ChangeMANUFACTURING OTHER GOV 17.02% SUPPORT SOURCE: Jobs EQ Employment change measures the average change in employment within a region over a five year period, NATION 8.87% fromOGDEN 2011 to 2016. In 2018, the total labor force within 35 miles of Ogden13.22% was 450,443 (ESRI, 2018). 4 8 12 16 20 UTAH 17.02% OGDEN 13.22% SOURCE: Jobs EQ NATION 8.87% UTAH 17.02% 4 8 12 16 20 8.87% NATION SOURCE: Jobs EQ 4 8 12 16 20 SOURCE: Jobs EQ.
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