Riverton City Hall
12830 S. 1700 W.
Riverton, Utah 84065
Tel:(801) 254-0704 Fax:(801) 254-1810
Sheriff:(801) 254-0167 M-Th: 8:00am-6:00pm
Fri: 8:00am-5:00pm
Economic Development Director:
Jeff Hawker
(801) 208-3142
Economic growth in Riverton City is flat owing to the general downturn in the national and state economies. Fortunately, several large retailers opened in Riverton prior to or concurrent with the onset of economic difficulties, and the sales tax contributions of these retailers have helped provide stable support for Riverton’s core municipal services. Conflicting expert opinions exist about the timing of economic recovery, but it is reasonable to believe that the mix and market configuration of Riverton’s retail base will continue to provide a fairly predictable and reliable point-of-sale revenue stream.
When an economic recovery occurs, Riverton is well positioned to be a primary beneficiary in the southwest region of the Salt Lake Valley. One reason for this is Riverton’s unique proximity to existing or planned major transportation infrastructure, including the Bangerter Highway, Mountain View Corridor, and transit.
Not only does Riverton enjoy a superior location relative to these facilities, but there is a confluence of these facilities that occurs only in Riverton. Another reason Riverton will benefit when the recovery occurs is that the population in this area of the valley is expected to rapidly grow, providing a wealth of new customers for the planned regional commercial center.
Although commercial construction has slowed in Riverton, a few recent or near-future openings of note include Kohl’s, In-N-Out Burger, Jumbo Burger, Tunex, and Jim’s Family Restaurant. Moreover, in November 2009 a major IHC facility, Riverton Hospital, will open. While the facility itself will not provide revenue to the City, it is expected that there will be a significant, positive impact on economic activity in Riverton through the increase in daytime population and utilization of our shops and restaurants by hospital visitors and employees. Perhaps an even greater positive impact will be created by the LDS Church’s decision to locate approximately 1,000 high-paying IT jobs in the former Intel building. This center is now staffing up, and noticeable economic benefits should begin right away.
During the fiscal year ending June 30, 2009, Riverton City issued 254 building permits, down from the all time high of over 1,000 issued in the fiscal year ending June 30, 2006. This is consistent with the general economic downturn occurring nationally and within the state of Utah. When adjusted for seasonal variables, Riverton’s building permit activity so far in the fiscal year beginning July 1, 2009 is running about even with the previous fiscal year.
For more information about Riverton City and its growing opportunities, please contact our Economic Development office at 801-208-3142.
