Herriman is planning to attract the first Trader Joe's store to Salt Lake County's west side as part of its economic development efforts. This initiative aims to boost local commerce and provide more shopping options for residents, which could also enhance the city's appeal. Residents should care because this development may improve their quality of life and contribute to the city's economic growth.
At a glance
Rising — being discussed more frequently. 1 mention in the last 30 days, 1 the 90 before that.
The boundary change will slightly reduce the total tax increment collected by the CDA.
Local developers and the city's long-term economic health.
Taxing entities see a temporary reduction in tax revenue during the life of the CDA.
The city uses CDAs to help fund infrastructure for new businesses. It's a way to grow the tax base, but it means some tax money is diverted to pay for these improvements instead of going to the general fund.
Officials expressed a desire to strengthen the local economy by welcoming new businesses and fostering community development.
Herriman announces plans to bring first Trader Joe's to Salt Lake County's west side KUTV