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This week in The Enterprise
Monday, May 15, 2017 
Mixed reviews: Trump & Utah energy development
By Brice WallaceWhile a few speakers at the recent Governor’s Utah Energy Development Summit were optimistic that a new presidential administration will result in a new day for energy development, others cast doubts about whether it can happen in four years, if at all.The c...
Defense spending plays vital role in Utah's economic health
Defense spending in Utah creates a huge economic impact for the state, according to a new report from the Kem C. Gardner Policy Institute at the University of Utah. Huge — to the tune of $9 billion and 109,000 direct or indirect jobs, the research shows. The impact on the e...
Incentives mean 600-plus jobs for 3 companies
Three companies have committed to expanding in Utah and are expecting to add a total of up to 624 jobs to the state during the next few years.Varo Money Inc. will bring 331 jobs to Salt Lake County over five years in a $2.8 million project. Litehouse Inc. will expand its manufact...
UTC looking for new leader as well as a 'rebranding and refreshing'
The state’s largest industry association is undergoing some change.The Utah Technology Council (UTC), representing 6,000 technology companies in the state, is looking for a new chief executive officer and is undertaking a “rebranding and refreshing,” including h...
Varex acquires imaging firm
Salt Lake City-based Varex Imaging Corp. has acquired the medical imaging business of PerkinElmer Inc. of Santa Clara, California. PerkinElmer develops, manufactures and sells digital detectors that are components in medical and industrial X-ray systems.The sale price was reporte...
Savage buys coal reclamation cos.
Savage, a privately owned supply-chain solutions and industrial services company based in Salt Lake City, has purchased Abingdon, Virginia-based Gobco LLC and Power Fuels LLC. Financial terms were not disclosed.The two acquired companies are active in coal reclamation in Virginia...
Lack of skilled workers still major concern for Utah companies, report says
Utah’s unemployment rate (3.1 percent) and job growth (3.2 percent) are among the best in the nation. Still, many businesses report difficulty finding as many qualified workers as they need to fill available positions, according to a new research report the non-partisan Uta...
Quality 1 joins ERA Consolidated
St. George-based ERA Brokers Consolidated has acquired Quality 1 Realty in Mesquite, Nevada, according to a release from Quality 1 owner Angela Brooks-Reese. She said her company will become the Quality 1 Team at ERA Brokers Consolidated. The combination of the two companies...
Hamlet opens new community
Hamlet Homes, a Murray-based home builder, has opened a 74-unit residential development in Riverton. The opening of Cardon Square was marked by a recent realty agent-exclusive open house followed by a public ribbon-cutting. Riverton Mayor Bill Applegarth joined Hamlet officials a...
Energy office to launch update to C-PACE clean energy financing program
This month, the Utah Governor’s Office of Energy Development (OED) will launch an updated version of Utah’s Commercial Property Assessed Clean Energy (C-PACE) financing program. With the help of a substantial stakeholder group, OED introduced a proposal in the 2017 le...
Eric Heiden opens sports science clinic in Park City
Five-time Olympic gold medalist and orthopedic surgeon Dr. Eric Heiden has opened the Heiden Institute of Sports Science and Human Performance in Park City. Heiden decided to establish the institute “after years of envisioning a comprehensive program encompassing sports med...
CORPORATE FINANCIAL REPORTS 5-15-17
The following are recent financial reports as posted by selected Utah corporations:VarexVarex Imaging Corp., based in Salt Lake City, reported net income of $15 million, or 40 cents per share, for the second fiscal quarter ended March 31. That compares with $14.7 million, or 39 c...
Small Business
Making a diference: Truckers Against Trafficking puts millions of eyes on the lookout for victims of modern-day slavery
By Frances JohnsonTruckers across Utah — and the country — might soon be adding a new title to their resumes: hero.The Utah Trucking Association (UTA) has partnered with non-profit organization Truckers Against Trafficking (TAT) to join the fight against human traffic...
2017 State of Trucking Report: The swinging pendulum that represents our industry
By Eric MyersAs I tend to do before writing this article each year, I look at what I wrote last year. I generally don’t make a lot of predictions, but I see that at the end of my article last year I predicted a moderate uptick in trucking metrics. At the time, I had no idea...
Utah fits mold for a good import/export container market
By Michael StockwellWe see them parked at distribution centers and out on the highways. We see them double-stacked on top of each other, making up a mile of train length running through Utah.What are they? They are ocean containers and they either came off of ...
Utah's transportation system becoming a model for other states
By Abby OsborneThis week, the Salt Lake Chamber’s Utah Transportation Coalition will join other leaders around the nation for National Infrastructure Week in recognition of the importance of infrastructure — especially Utah’s state-of-the-art transportation syst...
Infrastructure Week 2017: A time to build
Roads, bridges, rails, ports, airports, pipes, the power grid, broadband — it is all infrastructure. It affects our daily commutes and our summer vacations. Infrastructure determines if we can drink water straight from our taps and flush our toilets. It brings electricity i...
IT for the trucking industry in an ELD world
By Bahar SharifanAs the Dec. 18 deadline fast approaches for many carriers and drivers to meet the electronic logging device (ELD) mandate, many companies are — or should be — using this time to review internal IT practices. The mandate will result in companies previo...
Data management critical to success in transportation industry
By Harold FriedmanTransportation plays in integral part in generating financial information that becomes part of the “cost of goods sold” section of your company’s financial statements. To be in compliance with Sarbanes-Oxley Act rules, companies are required to...
Calendar
Calendar listings are provided as a free service to our readers. Information about upcoming events may be sent to brice@slenterprise.com. The submission deadline is one week before publication.
Time to Build Utah - May 16 Hosted by the Salt Lake Chamber and the Utah Transportation Coalition in honor of Infrastructure Week. Event will highlight the importance of infrastructure to Utah’s economic competitiveness. Panelists are Carlos Braceras, executive director, Utah Department of Transportation; Tage Flint, chief executive officer, Weber Basin Water Conservancy District; Chad Teply, vice president of strategy and development, Rocky Mountain Power; and a speaker from the Utah Transit Authority. Location is the Salt Lake Chamber, 175 E. 400 S., Suite 600, Salt Lake City. Cost is $25. Details are at slchamber.com. Third Annual “Crazy Pants” Golf Tournament - May 19A Utah Safety Council event. Proceeds benefit the Utah Safety Council’s Home & Community Programs. Location is Thanksgiving Point, 3003 Thanksgiving Way, Lehi. Cost is $150 for members ($500 for foursome). Sponsorships are available. Registration can be completed at utahsafetycouncil.org. 29th Annual Employment Law Seminar - May 25
Presented by Parson Behle & Latimer. Topics will include “ADA and FMLA,” “Managing Intermittent Leave,” “Mental Health and Substance Abuse,” “Violence in the Workplace,” “On-Duty vs. Off-Duty Conduct,” “Minimizing Risk in Hiring,” “Non-Competes and Trade Secrets” and an immigration update. Location is Grand America Hotel. Registration can be completed at Eventbrite.com. Details are at http://www.parsonsbehle.com/emp-seminar. Utah Hispanic Chamber of Commerce Convention & Expo - May 26
With the theme “Strengthening Our Business Voice to Expand the Economic Landscape.” Location is the Utah Cultural Celebration Center, 1355 W. 3100 S., West Valley City. Cost is $55 for members, $60 for nonmembers. Details are at www.uhccconvention.com.
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