According to a statewide survey, Springville's total business activity increased by almost 24 percent last year over 1988.
A Utah Foundation report on Utah business activity trends indicates that city businesses brought in a little more than $57 million in gross business receipts in 1989, as compared to almost $47 million in gross sales in 1988.Those numbers are based on a gross sales volume before a 4.8 percent adjustment for inflation last year.
The 1989 receipts almost double sales income numbers from 1980 (during which city businesses brought in a little more than $29 million) and are nearly five times the receipts from 1970 ($11.4 million).
Overall, foundation analysts say gross sales volume in Utah, as measured by sales and use tax receipts, rose by 6.7 percent last year, according to the survey. However, since the purchasing power of the dollar declined by 4.8 percent last year, the total net increase in Utah business activity has been adjusted to 1.8 percent.