Daily Herald: Orem has better-than-expected economic year in 2020

Whatever COVID-19 did to the economy of cities in Utah, it appears that Orem has weathered the storm and come out on top.

Kathi Lewis, Economic Development Division manager, said help from places like grocery stories and hardware stores help give even a slight increase in sales tax revenues in 2020.

“Orem is known as the ‘retail hub’ of the county,” Lewis said. “We are thrilled to see several new businesses that have opened.”

The City of Orem understands this has been a trying year for businesses,” Lewis said. “To help businesses navigate the COVID storm, the Economic Development Division was able to rapidly provide vital information about federal, state, and county COVID-related financial assistance programs through emails, social media, and the creation of a business resources page on their website.”

This information and these important programs have helped businesses stay the course, stabilize, and even flourish in 2020, according to Lewis.

In addition, the Orem Business Alliance was created during this year to support and strengthen the Orem small business community.

It aims to support and strengthen small businesses by providing business networking, advocating for small businesses, connecting businesses to resources, monthly webinars and more.

University Place

Several new happenings are taking place at one of Utah County’s most popular retail hubs:

  • Five stories of parking with a four-story office structure and 100,000 square feet of Class A office space has opened.
  • Dillards coming to UP with anticipated construction beginning in spring of 2021.

Additionally, University Place is expecting a few new tenants:

  • Cotopaxi Athletic, focused on corporate social responsibility.
  • CM Fashions.
  • Bronxton, a unisex clothing store.
  • Lisa’s Passion for Popcorn.
  • Attic Salt, which sells Millennial and Gen Z pop cultural items.
  • Lulu Lemon.

Lewis said she saved the best for last. Some businesses have expanded into or are new to Orem:

  • Golden Corral’s new building and ribbon cutting.
  • Ken Garff Nissan’s dealership expansion.
  • Leatherby’s Creamery.
  • Grand opening of Handel’s Ice cream.
  • Sweet Rolled Tacos’ grand opening.
  • Crumble Cookies located their headquarters in Orem off of University Parkway.

Read the full article here.