Economic Considerations

Summit County
Summit County’s 2015 population is estimated to be approximately 39,633 with 27,473 housing units [1] [2]. The County encompasses 1.2 million acres (1,880 sq. miles) of which 54% is private, 44% Federal, and 2% State [3]. According to Utah Division of Water Resources survey, 46,815 acres (3.9%) of Summit County is considered developed, with 58,495 acres (4.9%) of irrigated or sub-irrigated farmland and 28,745 (2.4%) nonirrigated farmland [4].

Summit County is divided into two distinct regions; the urbanized Snyderville Basin around Park City whose economy is dominated by retail/wholesale trade, tourism, and recreation and the Eastern portion of the county dominated by traditional farming and ranching communities. According to the 2012 Economic Census, Retail Trade was the largest sector of Summit County’s economy with total value exceeding $1 billion while the largest sector of employment was Accommodation and Food Services with an annual payroll of $104 million [5]. Agriculture is an important component of Summit County’s economy, especially in the eastern portion. According to the 2012 Agricultural Census, the main crops grown in Summit County are alfalfa hay and sheep with total sales of crops at $3.1 million and livestock sales $21 million [6].

References

  1. U.S. Census, American Fact Finder. 2015 Population Estimates, Annual Estimates of the Residential Population: April 1, 2010 to July 1, 2015, PEPAMMRES. Accessed August 19, 2016.
  2. U.S. Census, American Fact Finder. 2015 Population Estimates, Annual Estimates of the Housing Units for the United States, Regions, Divisions, States, and Counties: April 1, 2010 to July 1, 2015, PEPANNHU. Accessed August 19, 2016.
  3. State of Utah School and Institutional Trust Lands and Bureau of Land Management. 2016.  Land Ownership. GIS Data. Download August 4, 2016.
  4. Utah Department of Natural Resources, Division of Water Resources. 2016. Water Related Land Use. GIS Data. Downloaded August 19, 2016.
  5. U.S. Census Bureau. 2012 Economic Census of the United States. All sectors: Geographic Area Series: Economy-Wide Key Statistics: 2012, EC1200A1. Accessed August 19, 2016.
  6. USDA: National Agricultural Statistics Services. 2012. County Summary Highlights.

 

Utah County

Utah County’s 2015 population is estimated to be approximately 575,205 with 162,545 housing units [1], [2]. The County encompasses 773,411 acres (1, 208 sq. miles) of which 32% is private, 47% Federal, 9% State and 0.1% Tribal [3]. According to Utah Division of Water Resources survey, 192,056 acres (14.0%) of Utah County is considered developed, with 144,067 acres (10.5%) of irrigated or sub-irrigated farmland and 195,759 (14.3%) nonirrigated farmland [4].

According to the 2012 Economic Census, Retail Trade was the largest sector of Utah County’s economy with a total value exceeding $6 billion while the largest sectors of employment was Manufacturing with an annual payroll near $800 million, Health Care payroll of $761 million, and Professional Services payroll of $640 million [5]. Agriculture also plays a large role in Utah County’s economy. According to the 2012 Agricultural Census, the market value of all agricultural products sold was $223 million with $98 million from crop sales and $123 million from livestock sales. Utah County is one of the most agriculturally diverse counties in Utah producing a wide variety of agricultural products including fruit, honey, and potatoes and is also one of the state’s largest producers of alfalfa hay, wheat, and livestock [6].

References

  1. U.S. Census, American Fact Finder. 2015 Population Estimates, Annual Estimates of the Residential Population: April 1, 2010 to July 1, 2015, PEPAMMRES. Accessed August 19, 2016.
  2. U.S. Census, American Fact Finder. 2015 Population Estimates, Annual Estimates of the Housing Units for the United States, Regions, Divisions, States, and Counties: April 1, 2010 to July 1, 2015, PEPANNHU. Accessed August 19, 2016.
  3. State of Utah School and Institutional Trust Lands and Bureau of Land Management. 2016. Land Ownership. GIS Data. Download August 4, 2016.
  4. Utah Department of Natural Resources, Division of Water Resources. 2016. Water Related Land Use. GIS Data. Downloaded August 19, 2016.
  5. U.S. Census Bureau. 2012 Economic Census of the United States. All sectors: Geographic Area Series: Economy-Wide Key Statistics: 2012, EC1200A1. Accessed August 19, 2016.
  6. USDA: National Agricultural Statistics Services. 2012. County Summary Highlights
Wasatch County

Wasatch County’s 2015 population is estimated to be approximately 39,633 with 12,203 housing units [1], [2]. The County encompasses 1.37 million acres (2,141 sq. miles) of which 42% is private, 44% Federal, and 14% State [3]. According to Utah Division of Water Resources survey, 29,200 acres (3.8%) of Wasatch County is considered developed, with 30,055 acres (3.9%) of irrigated or sub-irrigated farmland and 11,358 (1.5%) nonirrigated farmland [4].

According to the 2012 Economic Census, Retail Trade was the largest sector of Wasatch County’s economy with a total value of $267 million while the largest sectors of employment were Retail Trade with an annual payroll $20 million followed by Professional Services at $14 million[5]. Agriculture also plays a large role in Wasatch County’s economy. According to the 2012 Agricultural Census, the market value of all agricultural products sold was $12 million with $3.1 million from crop sales and $9 million from livestock sales [6].

References

  1. U.S. Census, American Fact Finder. 2015 Population Estimates, Annual Estimates of the Residential Population: April 1, 2010 to July 1, 2015, PEPAMMRES. Accessed August 19, 2016.
  2. U.S. Census, American Fact Finder. 2015 Population Estimates, Annual Estimates of the Housing Units for the United States, Regions, Divisions, States, and Counties: April 1, 2010 to July 1, 2015, PEPANNHU. Accessed August 19, 2016.
  3. State of Utah School and Institutional Trust Lands and Bureau of Land Management. 2016. Land Ownership. GIS Data. Download August 4, 2016.
  4. Utah Department of Natural Resources, Division of Water Resources. 2016. Water Related Land Use. GIS Data. Downloaded August 19, 2016.
  5. U.S. Census Bureau. 2012 Economic Census of the United States. All sectors: Geographic Area Series: Economy-Wide Key Statistics: 2012, EC1200A1. Accessed August 19, 2016.
  6. USDA: National Agricultural Statistics Services. 2012. County Summary Highlights.