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This week in The Enterprise
Monday, July 30, 2018
GOED mulling ways to improve RFT business aid grant program
By Brice Wallace State economic development officials are considering making changes to a program aimed at helping businesses in rural Utah.The Governor’s Office of Economic Development (GOED) board received a briefing about the proposed changes at its July meeting but did ...
New venue, added films mean bigger impact for Sundance fete
This year’s Sundance Film Festival had a total economic impact of $191.6 million, far above the 2017 figure of $151.5 million.Those stats and more were released recently by the nonprofit Sundance Institute. Y² Analytics conducted the economic impact study and used the ...
Unemployment rate stays steady and low in Utah
Utah’s unemployment rate remained unchanged in June at 3 percent, which translates to approximately 48,400 Utahns being unemployed during the month and actively seeking work. Meanwhile, the national jobless rate increased two-tenths of a percentage point to 4 percent....
Petroteq applies for grant from Utah Alternative Energy Initiative
Petroteq Energy Inc., the company that has begun operating an oil sands extraction plant at Asphalt Ridge near Vernal, has applied for a grant from the Alternative Energy Development Initiative, part of Utah’s Energy Action Plan. The program is designed to spur the growth o...
'Yellowstone' will have 2nd season thanks to GOED tax incentives
The Paramount Network has green-lit a second season of its TV series “Yellowstone,” providing Utah with a nearly $28.2 million economic impact.Paramount announced the second season pickup last week. Earlier in July, the Governor’s Office of Economic Development ...
Title companies merge
Two Utah family-owned title companies have joined forces. American Secure Title of Morgan has acquired Landmark Title Co., a Salt Lake City-based title agency.Landmark will continue to operate under the same name, although the two agencies have begun to merge their operations, Am...
Report: Wasatch commercial real estate booming in most major sectors
The Salt Lake City office of commercial real estate firm Newmark Grubb ACRES and investment company Mountain West Commercial have released their joint midyear market report. The report includes analysis from the industrial, office, retail, investment and land real estate sectors ...
Gardner brief explains Utah's 3 options to Medicaid puzzle
The Kem C. Gardner Policy Institute at the David Eccles School of Business at the University of Utah has released a policy brief that provides a detailed description of three Medicaid scenarios facing Utahns. The brief describes the possible solutions to the Medicaid puzzle facin...
Millennials becoming homebuyers
Millennials constantly hear that time is on their side, but for the first decade of their adult lives they have been the victims of bad timing. According to a new study from Bank of the West, over the past decade, millennials saw the devastating effects of a market downturn. The ...
CORPORATE FINANCIAL REPORTS - 7-30-18
The following are recent financial reports as posted by selected Utah corporations: ZionsZions Bancorporation, based in Salt Lake City, reported net earnings applicable to common shareholders of $187 million, or 89 cents per share, for the second quarter. That compares with ...
Manufacturing
Trade Wars and other challenges for the little guy
Small manufacturers must be smart to survive in a world of tariffs and counter-tariffs as well as a number of other concernsThe recent clamor over tariffs and counter-tariffs on raw materials, manufactured goods and agricultural products has been splashed across every newspaper a...
Advanced manufacturing = tremendous promise
Today’s modern manufacturer is an incredible entity — innovative, advanced, creative and the ultimate entrepreneur. Manufacturers are the ones to make things from raw materials, creating value and new wealth by creating a quality of life for consumers. Being “ma...
Goodbye, sales and use taxes
Legislature removes three-year life component of levies on inputs to manufacturing productionIt’s been a long, hard road. It’s been more than 30 years since the Utah Legislature initially exempted sales and use tax on inputs on production for manufacturers and more th...
Leasing as an option for equipment financing
It can be hard to know the best financing solution for your business or project. Whether you are expanding your office, manufacturing capacity, transportation fleet or heavy equipment, there are things to consider when deciding whether to buy or lease. There is a lot of flex...
Tariffs' cost to Utah
A study from the U.S. Chamber of Commerce estimates the cost to Utah from our trading partners' retaliatory tariffs at $181.3 millionBy Brice WallacePipe. Pudding. Pork. Makeup prep.What do those products have in common? According to the U.S. Chamber of Commerce, they are among i...
Calendar Highlights
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. See the full calendar.
Small Business Nine-Hole Golf Tournament 2018 - August 3
A Salt Lake chamber event. Location is Stonebridge Golf Course, 4415 Links Drive, West Valley City. Cost is $75, $30 for nongolfers for brunch. Sponsorships are available. Details are at http://www.slchamber.com.
WIB Golf Outing and Luncheon - August 3
A Davis Chamber of Commerce event. Participants can choose from mini-golf, executive putting green, bucket of balls and batting cages. Buffet begins at 11:30 a.m. Location is Swan Lakes Golf Course, 850 N. 2200 W., Layton. Cost is $20. Details are at http://www.davischamberofcommerce.com.
2018 Chamber Golf Classic - August 15
An Ogden-Weber Chamber of Commerce event. Breakfast starts at 7 a.m. Shotgun start is at 8 a.m. Lunch and awards are at 1 p.m. Location is Mount Ogden Golf Course, 1787 Constitution Way, Ogden. Sponsorships are available. Details are at http://www.ogdenweberchamber.com.
18th Annual Women in Business Summer Social18th Annual Women in Business Summer Social - August 16
A Women’s Business Center event that will feature recognition of the Women’s Business Center’s Women Entrepreneur of the Year. Location is Ivy House, 550 S. 600 E., Salt Lake City. Cost is $60 before July 16, $80 July 16-Aug. 8, $100 thereafter. Details are at http://www.slchamber.com.
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