Economic Impact Study of Wayne County Completed!
Retail results of the Wayne County portion of the Utah Study Series, demonstrating the nearly 5x factor of money recirculated in the Wayne County economy when it is spent in a locally owned retailer.
Local First Utah is honored to have helped coordinate the efforts of the Wayne County Business Association, Civic Economics, a group of committed local business owners and study sponsors to complete this groundbreaking study. Sponsors include Lotus Community Development, Entrada Institute (Lorraine Miller and Carol Gnade), the Castle Rock Candy Company, Stan's Cheveron of Hanksville, Robbers' Roost.
The completion of the Utah Study Series was essential to the creation of a grant-based funding pool for Wayne County businesses, and will advance the 'buy local' movement across the state of Utah.
In 2012, Civic Economics conducted studies of the Salt Lake City and Ogden economies, both of which indicated that locally owned businesses return three times more of their revenue to the Utah economy that national retailers. The publication of these studies garnered significant media coverage, attention from the public and policy makers. The publication of a Wayne County based economic impact study, as part of the Utah Study Series, will shine a spotlight on the unique attributes that local businesses provide to their community and our economy.
Wayne County is not only home to one of the most astonishing landscapes in the world, but to an abundance of locally owned, independent businesses as well. Spread out across the county are the small towns of Bicknell, Caineville, Fremont, Grover, Hanksville, Loa, Lyman, Teasdale and Torrey, each with their own distinctive character. In many ways, the beauty and spirit of Wayne County is best seen with the eye rather than spoken of with words. Feast your eyes on these photos, by Alex Adams, to see just a sample of the diversity of locally owned businesses that contribute to the character of Wayne County.