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Forbes confirms Ogden rebound

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Sunday, April 15, 2007

They must be doing celebratory dances on the eighth floor of Ogden's Municipal Building.

Admit it: If Forbes magazine ranked your city 11th in the nation when it comes to good places to do business, you'd be dancing, too. (Among other Utah cities on the Top 200 list, Provo finished at No. 2, Logan at No. 12 and Salt Lake City at No. 77.)

The Forbes ranking means more than simple bragging rights, of course. It can actually influence companies that might be deciding between Ogden and another, lower-ranked city when it comes to relocation or expanded investment. As reported by the Standard-Examiner's Scott Schwebke, the Forbes research included factors such as labor force, taxes, energy, the cost of office space, housing, transportation, food and household expenditures, job and income growth, crime rates, cultural and recreational opportunities, and the presence of four-year colleges.

We've long heard that companies are interested in Ogden due to the comparatively low rents for office, warehouse and industrial space, but the Forbes study indicates the cost of living in Junction City is a whopping 15.5 percent lower than the U.S. average.

As we've said before, Ogden has its share of challenges but appears to finally be rebounding from decades of low self-esteem and stagnant business development. The Forbes ranking is icing on that cake.



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John W. Hansen
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Associates Real Estate