Company news information may be sent to brice.w@thecityjournals.com.
DIVIDENDS
• The board of directors of Extra Space Storage Inc., based in Salt Lake City, has declared a third-quarter dividend of $1.62 per share on the common stock of the company. The dividend is payable Sept. 30 to stockholders of record Sept. 15. The company is a real estate investment trust that owns and/or operates 4,179 self-storage properties. It is the largest operator of self-storage properties in the United States.
ECONOMIC INDICATORS
• Utah is ranked No. 10 on a list of states with the most victims of fraud over the age of 60, compiled by Caring.com. Arizona led states with the highest proportion of fraud victims over age 60, with 88.3 per 100,000 population in 2024. Utah’s figure was 50.4. In 2024 alone, $4.8 billion was stolen from Americans aged 60 and over through Internet crime, Caring.com said. Details are at https://www.caring.com/resources/senior-scams-report.
• Residents of Summit County hypothetically would pay an average of $63.68 for a guaranteed night of perfect sleep, according to a survey by sleep advice resource SleepJunkie. It is followed by Morgan County, $60.33; Wasatch County, $58.46; Davis County, $57.53; and Salt Lake County, $57.46. Among Utah counties willing to pay the least, Carbon County leads at $51.16. The state average is $56.13. Among states, the highest average is in Hawaii, at $286.44, while the lowest is in Idaho, at $46.01. Details are at https://www.sleepjunkie.com/how-much-would-people-pay-for-a-perfect-nights-sleep-survey/.
• Navajo Lake in Dixie National Forest is Utah’s top location for nature therapy, according to a survey by A Mission for Michael of the most relaxing spots to seek solitude. It is followed by Calf Creek Falls (Grand Staircase–Escalante) and Kodachrome Basin State Park (Cannonville). Details are at https://amfmtreatment.com/blog/healing-horizons/.
EXPANSIONS
• Owlet Inc., a Lehi-based infant monitor company, has announced that its Dream Sock product has received official certification from Australia’s Therapeutic Goods Administration, marking a step forward in the company’s global expansion. Owlet is expanding access to the device, expecting Dream Sock is expected to be available for purchase later this year in Australia and New Zealand through the company’s local website and retail partners.
ENVIRONMENT
• The 17th annual Intermountain Sustainability Summit planning team is accepting proposals through Oct. 24 for speakers for the 2026 ISS, set for March 19-20 at Weber State University in Ogden. The event theme is “Building Resilience” and focuses on solutions that strengthen the capacity to adapt, thrive and support one another in the face of today’s challenges. Speaker topics can include advancing clean energy transitions, designing adaptable infrastructure, restoring ecosystems, ensuring fair access to resources, fostering strong cross-sector partnership or being involved in other innovative work. Details are available by contacting Riley Shaw at rileyshaw1@weber.edu or Sadie Braddock at sadiebraddock@weber.edu or 801-626-6310.
FOODS
• Las Vegas casino and hospitality entrepreneurs Cindy and Gary Ellis have opened a winery named Terra 5047 in Pine Valley Mountain, 10 miles from St. George. The name is derived from the altitude at which its grapes are grown. The launch follows a recent blind tasting at Stein Eriksen Lodge in Deer Valley for Utah’s wine industry experts. Five varietals are now available, including at Glenwild Golf Club in Park City, Montage Deer Valley in Park City, Glitretind Restaurant at Stein Eriksen Lodge in Park City, Sugar House Station in Salt Lake City, Southern Spirits & Wine in St. George, and Silver Reef Brewery in St. George. Terra 5047 is Utah’s highest elevation, family-owned winery.
INVESTMENTS
• SynergySuite, based in Sandy, has raised $12 million in a round led by Oyster Capital of Dublin, with continued support from First Analysis of Chicago and an expanded multi-year credit facility from Lago Innovation, also of Chicago. The company said the funding will be used to support global expansion, drive continued product innovation, and meet the growing demands of enterprise and multi-unit restaurant brands. SynergySuite’s AI engine leverages machine learning and large language models to allow restaurant operators to simplify operations and scale smarter.
• SalesDraft, a Lindon-based AI recruiting automation startup, has raised $3 million in a funding round led by Tower Research Capital of New York, with participation from Frazier VC of Lehi and Marc Jones of New Orleans. SalesDraft plans to address the market need for a comprehensive recruiting workflow solution that automates logistical tasks
for companies.
PHILANTHROPY
• Comcast has announced the awarding of 100 new grant packages through Comcast RISE, an initiative that fuels the growth of American small businesses and helps to strengthen local communities. The grants will support entrepreneurs along the Wasatch Front. Awardees will receive a technology makeover powered by Comcast Business, creative production and a media schedule from Comcast Advertising, educational resources, a $5,000 monetary grant, and business consultation services. Wasatch Front business recipients include JFS IT Solutions, offering services and solutions in the technological field; Michelle Leo Events, a luxury wedding planner that also creates corporate events, social gatherings and ancillary events; and Wicked Peel Pizza Kitchen, serving classic Italian cuisine. Comcast RISE is part of Project UP, the company’s $1 billion initiative to connect people to the Internet, provide digital opportunity, and “build a future of unlimited possibilities.” Through its fifth year, Comcast RISE has provided a total of $160 million in monetary, marketing and technology resources to 14,500 small businesses nationwide.
REAL ESTATE
• Doug Bergeron, a Park City-based fintech billionaire, has announced he will bid on Wohali, a private club development on the outskirts of Park City that filed Chapter 11 bankruptcy recently in federal court with an estimated $100 million and $500 million owed to creditors. Bergeron is the developer/seller of the $65 million-listed home in Deer Valley that was featured in the 2025 HBO Films “Mountainhead” production that clinched a record price in 2024. Bergeron is a former chairman and CEO of Verifone and currently is founder and sole shareholder of DGB Investments, a diversified holding company of technology and real estate investments. He also serves as chairman of the board of Cantaloupe Inc. and is a member of the board of directors of Metateq and Zact.
RECOGNITIONS
• Five Utah-based credit unions are on a list of “2025 Best Credit Unions to Work For,” compiled by American Banker. They are No. 14 Deseret First Credit Union, West Valley City; No. 22 America First Credit Union, Riverdale; No. 61 Goldenwest Credit Union, Washington Terrace; No. 59 Granite Credit Union, Millcreek; and No. 64 Cyprus Federal Credit Union, West Jordan. Virginia-based Chartway Credit Union, serving Utah, Virginia and Texas, is ranked No. 50. This annual program was established by Best Companies Group.
• Ally Bank, based in Sandy, has received an “Outstanding” rating on its most recent Community Reinvestment Act performance evaluation by the Federal Reserve Board. Since 2017, Ally Bank has earned the highest possible rating four consecutive times. This distinction places Ally among the top 15 percent of U.S. financial institutions evaluated under the CRA. Established in 1977, the CRA requires federally insured deposit-taking institutions to support the borrowing needs of all the communities where they do business, including low- and moderate-income areas. Banks are rated during periodic evaluation intervals for their lending, investments and service activities.
RESTAURANTS
• Crazy Croffles has opened at 158 S. Rio Grande St., Salt Lake City, at the south end of The Gateway. It offers croffles and drinks.
RETAIL
• A Walmart Supercenter at 9399 N. Spring Run Parkway, Eagle Mountain, is a next-generation Supercenter and only the second of its kind in the United States. The 175,000-square-foot store will provide 375 new jobs and is part of Walmart’s plans to build or convert more than 150 stores nationwide during the next several years. It features digital touchpoints located throughout the store to help communicate the assortment of products and services that Walmart offers online through the use of QR codes and digital screens; displays that allows customers to touch, feel and become a part of the space; a new layout; a redesigned front-end for faster, more convenient checkout; and store-wide digital shelf labels and updated Walmart branding. The Walmart locaton also has a 16-pump fuel station and convenience store and offers pick-up and delivery services. Walmart also has presented grants to Utah Food Bank and Tabitha’s Way Food Pantry. Walmart has 60 retail units and more than 20,500 associates in Utah.