Archive

Twinlab factory closure idles 100 Utah Co. workers

Twinlab Consolidated Corp. is closing down its American Fork plant in favor of outsourcing its manufacturing. The firm’s parent company, Twinlab Consolidated Holdings of Boca Raton, Florida, made the announcement last week. {mprestriction ids="1,3"} “As we work to transition to…

Staff

Feb 11

Clear the Air Challenge underway

The Salt Lake Chamber and other organizations have kicked off the ninth annual Clear the Air Challenge, a month-long competition aimed at encouraging Utahns to reduce vehicle emissions, in part by choosing alternatives to driving alone. The challenge is taking place for the…

Staff

Feb 11

Pluralsight will consolidate operations to Draper campus

Pluralsight, an education software company currently based in Farmington, has announced that it is moving its worldwide headquarters to a new campus in Draper. The 350,000-square-foot office and its amenities will be located on more than 30 acres of undeveloped land at 65 E.…

Staff

Feb 11

Dominion to pass on tax savings

The Utah Division of Public Utilities has announced a filing from Dominion Energy to pass on to customers $17 million in savings due to recent tax federal tax reform legislation. A release from the division said that consumers will begin seeing the adjustment in their gas bills…

Staff

Feb 11

Cottonwood buys Founders Title

Cottonwood Title Insurance Agency Inc., a Murray-based title insurance company, has acquired Founders Title Co. and Founders Title Co. of Davis. The acquisition forms one of Utah’s largest commercial and residential title agencies, Cottonwood said in a release. {mprestriction…

Staff

Feb 11

Refugee food entrepreneurs will benefit from opening of SLC's 'Food Alley'

Salt Lake City-based Sapa Investment Group, with help from the Salt Lake City Department of Economic Development, has announced plans to build a restaurant-oriented “Food Alley.” The development will go on redevelopment property with frontage on both 800 South and State Street.…

Staff

Feb 11

Growth conference set for March

Utah’s Intermountain Growth Conference, sponsored and hosted by the Utah Chapter of the Association for Corporate Growth (ACG Utah), is scheduled for March 7 in Salt Lake City. Keynote speaker for the event will be New York Times best-selling author and business consultant Dan…

Staff

Feb 11

Simplus acquires San Francisco's CirrusOne

Sandy-based Simplus, a cash-to-quote implementation developer, has acquired CirrusOne, a San Francisco consulting service specializing in configure, price, quote (CPQ); claims and litigation management; and billing services. {mprestriction ids="1,3"} “Simplus and CirrusOne have…

Staff

Feb 11

Knox Capital bought by N.C. firm

Captrust Financial Advisors, a wealth management firm based in Raleigh, North Carolina, has acquired Salt Lake City-based Knox Capital Group. The Utah-based firm brings $300 million in client assets to the new owner. {mprestriction ids="1,3"} Led by partners Brodie Barnes and…

Staff

Feb 11

CircusTrix buys L.A.'s Sky Zone

Provo-based CircusTrix Holdings LLC has acquired Sky Zone Franchise Group of Los Angeles, a franchisor of indoor trampoline parks. CircusTrix owns, operates and franchises indoor recreation facilities. {mprestriction ids="1,3"} According to a release from CircusTrix, the…

Staff

Feb 11

St. George sells property to developer in hopes of creating 'Tech Ridge'

California has its Silicon Valley and Utah has its Silicon Slopes. St. George took steps last week to get in the game, selling property it hopes will become “Tech Ridge.” {mprestriction ids="1,3"} At the St. George City Council meeting, city officials voted unanimously to…

Staff

Feb 11

AFCU absorbs Arizona's Altier Credit Union

Five branches of Altier Credit Union in Arizona will become branches of Ogden-based America First Credit Union (AFCU) following recent approval by the Arizona Department of Financial Institutions and the National Credit Union Administration. The Arizona credit union branches…

Staff

Feb 11

CORPORATE FINANCIAL REPORTS - 2-12-18

The following are recent financial reports as posted by selected Utah corporations: SkyWest SkyWest Inc., based in St. George, reported net income of $290 million, or $5.46 per share, for the 2017 fourth quarter. That compares with a net loss of $270 million, or $5.22 per share,…

Staff

Feb 11

Wells Fargo survey: Small-biz optimism goes to 11-year high

Small-business owners entered the new year feeling the most optimistic since early 2007, according to findings from the latest Wells Fargo/Gallup Small Business Index conducted January 3-9. In the latest quarterly survey of small-business optimism, the overall index score came…

Staff

Feb 11

Industrial leasing reaches new high to lead 2017 commercial real estate growth

Industrial leasing activity reached a new high in 2017, highlighting a strong commercial real estate market in Utah at the end of 2017, according to the fourth quarter (Q4) 2017 MarketView report from the Salt Lake City office of CBRE. Highlights of the report include:…

Staff

Feb 11

A protectionist NAFTA withdrawal would undermine tax reform gains

By Veronique de Rugy Last year’s massive tax code overhaul lowered corporate income tax rates to an internationally competitive level for the first time in decades. U.S.-based businesses can now compete against their foreign counterparts without starting from an immediate…

Staff

Feb 11

Intentional or not, Trump drew three red lines during State of the Union

By Fareed Zakaria President Trump’s State of the Union speech mostly ignored the world outside of America. He made a few tough statements on things like the Iran deal and Guantanamo and described (accurately) the evil nature of the North Korean regime, but he said very little…

Employers say that only 20 percent of new hires need bachelor’s degree

By Robert Pembroke A new report by the Labor Department detailing education requirements for American workers in 2017 has made my day. For years and years, higher education has been telling us that we need a bachelor’s degree in order to get a well-paying job, but the labor…

Editorial Cartoon: MLB

Staff

Feb 11

Industry Briefs - 2-12-18

Industry Briefs are provided as a free service to our readers. Company news information may be sent to brice@slenterprise.com. The submission deadline is one week before publication. ASSOCIATIONS • Brooke Burton, quality director for Gold Cross Ambulance, has been elected to the…

Staff

Feb 11