Businesses are expanding to the St. George area…There’s demand for it. In St. George, they aren’t just cutting up the existing pie, the pie is growing. A new restaurant here; a shopping center construction site there; St. George’s business growth is apparent while driving through specific neighborhoods.
The city’s economic state isn’t just being noticed by locals. Business owners looking to expand to Southern Utah aren’t doing so haphazardly, and official say St. George growth is no random occurrence. In fact, St. George was ranked No. 7 in a recent Wallet Hub study of fastest growing small cities in the country. The study determined Utah’s success in jobs and economy through data from unemployment rate decrease, job growth, increase in number of businesses and startups, foreclosure rate decreases, the median household income growth, as well as other factors.
According to the Utah Department of Workforce Services, an economic snapshot report of Washington County shows a nearly 370 percent increase in the value of non-residential construction sites for 2016. Additionally, Washington County is expected to have the biggest population increase between 2010 and 2050, with St. George alone adding 175,000 people to its population, according to a research report by the Utah Foundation.
In the Dinosaur Crossing shopping center, located on the corner of Mall and Riverside Drives, developers said potential tenants have been showing more interest in moving into the development since Smith’s Marketplace has begun full-fledged construction. Several deals are in the works for the shopping center, and, although they are preliminary, quite a bit of “fast-casual” restaurants have shown interest in the area. And, the city has approved three additional buildings alongside Smith’s in the shopping center.
Workout Anytime, a 24/7 fitness concept has been eyeing certain areas in St. George as under-served territories, with the next location going into a grocery-anchored shopping center.
Welcomemat Services, a company that works to connect people moving into an area with small, local businesses is looking to expand to St. George in 2017.
Famous Toastery is a casual breakfast, lunch and brunch restaurant that’s looking for the right individual to franchise in St. George. The St. George area boasts of “very hardworking” individuals looking to take on the challenge of owning a franchise, and that aspect has positive effects on local businesses. Source: Spectrum