Business Climate Survey shows optimism, highlights growth challenges
Eagle Mountain City’s latest business climate survey reveals a strong sense of optimism among local business owners, even as they navigate rising costs and infrastructure needs.
While most businesses are satisfied with the city as a place to operate, increasing costs and transportation burdens are emerging as key concerns.
“Eagle Mountain continues to be a desirable place for businesses, but we recognize the challenges that come with rapid growth,” said Evan Berrett, the City’s Economic Development Director. “We are actively working to address infrastructure needs and ensure our business community has the resources to thrive.”
According to the survey, 78% of business owners feel optimistic or very optimistic about the future of their business. Additionally, 73% are satisfied or very satisfied with operating a business in Eagle Mountain and 70% anticipate moderate or significant growth over the next 12 months.
While 75% of business owners believe Eagle Mountain is an attractive location for businesses, this number has slightly declined over the past three years.
Many cited the cost of commercial spaces, limited retail amenities and housing affordability for employees as growing concerns.
The City is taking proactive steps to address concerns raised by businesses, particularly in transportation and commercial space availability. Current infrastructure projects include the Old Airport Road project, right-of-way acquisition for the future Cedar Valley Highway, and planning for the extension of Mid Valley Road—all aimed at improving connectivity and easing transportation burdens.
Additionally, Eagle Mountain’s planned downtown will offer more affordable space for small businesses, creating new opportunities for entrepreneurs and reducing barriers to entry. The City is also working closely with the Valley Crossroads Chamber of Commerce, which is analyzing the survey results in depth to further identify ways to support local businesses.
Looking toward 2025, 82% of business owners express confidence in achieving their goals, an encouraging increase over recent years. However, challenges persist. Many businesses cite the need for more customers as a primary factor for expansion, alongside residential growth and transportation network improvements as key to their future success.
Business owners report that transportation limitations, including road congestion and connectivity issues, are impacting their ability to attract customers and expand operations.
“Our business community is resilient and optimistic, and that’s a great sign for our local economy,” Berrett added. “We’re focused on fostering an environment where businesses can grow and meet the needs of our rapidly expanding population. Addressing transportation and infrastructure challenges will be a critical part of that effort.”
The survey also sheds light on hurdles businesses face, including rising supply costs, high lease expenses and limited retail amenities. Despite these challenges, only 13% of business owners feel that local regulations are impeding growth, and just 8% do not believe the City maintains an efficient and effective local government.
Over the past three years, an increasing number of business owners have felt that Eagle Mountain supports its small businesses.
This growing sentiment underscores the City’s commitment to fostering ways to support the local economy.