2 minute read
Lehi Economic Development Message
In order to have a growing community, you need housing, retail and jobs. Lehi has seen unprecedented growth in all three areas over the last 10 years. While these growth indicators show Lehi is a thriving community, what makes this city a great place to live in and do business?
The Lehi City Council has set one overarching goal for the city: “Develop a cutting-edge, family-centric community.” This goal is what sets Lehi apart from any other community because the focus is on the residents. Local residents know the secret sauce — family, values and heritage. Our secret sauce matches the city council’s direction for the future. Growth is here; in fact, Lehi was the sixth-fastest growing city in the state in 2019 with the addition of nearly 3,500 residents.
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So, why Lehi? With its central location along the Wasatch Front, it has become an employee epicenter, and with acres of available land and a growing retail base, Lehi is becoming the ideal place for business and residents. The city offers Class A office space, shopping, housing, parks and trails, beautiful scenic views and growing opportunities.
The State of Utah touts Lehi as “Silicon Slopes” (likened to Silicon Valley in California) because of the many tech companies that now call Lehi home. With companies like IM Flash, Adobe, MX, Microsoft, Snapchat, Podium, Weave and so many others, Lehi is the hotbed for technology in Utah
Lehi’s success is its location, which allows companies to draw employment from the best universities in the state. In fact, the University of Utah is ranked top in the nation for entrepreneurial technology startup companies, and Brigham Young University is in the top five. Employers have access to the best graduates from the U of U, Utah Valley University and BYU
Along with business comes a growing demand for housing. Estimates show that one-third of a company’s employees will reside within the city where the company is located. In 2019, Lehi added 1,000 new single-family homes, which is constant year-over-year growth. Lehi is also seeing a surge in multi-family housing. Multi-family is being focused around Transportation Oriented Development to take advantage of multi-transportation modes. wThe final piece to economic growth is availability of goods and services. Lehi City has also seen substantial growth in retail, which has resulted in sales tax growth year after year. The Outlets at Traverse Mountain, car dealerships, numerous grocery stores, casual dining restaurants and many other businesses all contribute to Lehi’s sales tax base. Growing sales tax is a sign of a healthy economy as residents have expendable income to purchase these services.
While the city is growing exponentially, all economic indicators show the growth is healthy and controlled. The key to Lehi City’s success is indeed the secret sauce — placing emphasis on family, values and heritage. Lehi City is definitely “where it’s at.”
Marlin Eldred Lehi Economic Development Director
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