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New clean energy facility aims to 'lead by example'

CLIMATE INNOVATION CENTER Brice Wallace A new center that aims to serve as a model for the construction of zero-energy buildings across the West has opened in Salt Lake City. The Climate Innovation Center at 215 S. 400 E. will serve as headquarters for nonprofit Utah Clean…

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MAY UTAH CONSUMER SENTIMENT STEADY AS NATION TAKES A HIT

The change in consumer sentiment in Utah from April to May was statistically insignificant, according to pollsters from the Kem C. Gardner Policy Institute at the University of Utah. The institute’s Survey of Utah Consumer Sentiment rose only slightly — up 1.8 percent, from 76.3…

Staff

Jun 16

UIPA to consider two-county proposal as 10th project area

Brice Wallace At the beginning of 2023, Utah had one inland port project area. Now it’s closing in on reaching a milestone of 10. The Utah Inland Port Authority board will consider approving the Castle Country Project Area at a meeting June 24 in Price. At a recent board…

Brazilian Utahns revive their chamber

Members of the Brazilian American community in Utah gathered recently at the state Capitol to announce the revival of the Brazilian American Chamber of Commerce of Utah. Gov. Spencer Cox, U.S. Rep. Burgess Owens, chamber leaders and members of Utah’s Brazilian community attended…

White Mesa Mill achieves commercial production of rare earth elements

The White Mesa Mill near Blanding in Southern Utah has begun producing commercial-grade rare earth elements (RRE). Owned by Energy Fuels Inc. of Lakewood, Colorado, the White Mesa Mill is the only operational uranium-producing plant in the U.S. and has been retrofitted to…

'A Bolder Way Forward' continues building bridges for women in Utah

Rebecca Olds Building a bridge can be hard. It can be hard because each slat needs to connect and without railings, it’s easy to fall into the water below. Susan Madsen, founder of a Utah-based initiative striving for equality for women through the Utah Women and Leadership…

3 Utah counties receive funding to help recover from last year's floods

The Federal Emergency Management Agency (FEMA) has approved more than $6 million in Public Assistance grant funds as part of ongoing recovery work from flooding in Utah last year. A major disaster declaration was granted for five Utah counties on Dec. 23, 2023, for flooding that…

Savage Cedar City opens as part of inland port system

Savage, a Utah-based supply chain infrastructure and solutions company, has opened its Savage Cedar City transload facility as part of the Utah Inland Port system. The opening of the facility, which provides transload services between trucks and railcars, on-site storage for…

WORK DAZE: Latest from the corporate office: Lunch is dead

Bob Goldman I dare you. Go up to a co-worker and ask, “Do you want to grab lunch?” Know what they are going to say? They’re going to say, “No.” It’s not personal — or probably not. You have been pretty difficult to live with ever since{show accesslevels="Guest"} Please log in to…

UTAH CORPORATE FINANCIAL REPORT 6-27-24

The following are recent financial reports as posted by selected Utah corporations: HealthEquity HealthEquity Inc., based in Draper, reported net income of $28.8 million, or 33 cents per share, for the first quarter ended April 30. That compares with $4.1 million, or 5 cents per…

Gail Miller follows husband to Eccles School Hall of Fame

Gail Miller, owner and co-founder of the Larry H. Miller Co., was inducted into the University of Utah’s David Eccles School of Business Hall of Fame in May, exactly 20 years after her late husband, Larry Miller, received the same recognition. Miller is chair of the Larry H. and…

Economic trends point to long-term opportunities for Utah’s construction industry

Robert Spendlove Waiting over the past few years for inflationary pressures to ease and interest rates to fall has been as painstaking as watching concrete dry. But Utah’s residential and commercial builders ought to remain confident in the long-term outlook for the state of…

Changing mobility will determine how we build the future

Brice Wallace Imagine a few years from now and the look of urban environments could be quite different from what’s there now. The future could hold less building-front parking as people turn to Uber, Lyft, electric scooters, self-driving cars or air taxis to get around. That…

BUILDING DREAMS THROUGH RESIDENTIAL CONSTRUCTION LENDING

Current interest rates on a residential construction loan in Salt Lake City typically range between 7.5 percent and 7.8 percent, based on credit ratings. Borrowers can expect to make a 20 percent down payment on the loan, sometimes up to 25 percent based on the lender.…

UTA Moves 2050

'A future where transit services are more frequent, reliable, accessible and effective' The Utah Transit Authority (UTA) board of trustees has formally adopted the agency’s long-range transit plan, “UTA Moves 2050.” The recently released document is the result of collaboration…

BARRIERS TO CONDO DEVELOPMENT IN UTAH

Condos are disappearing in Utah and experts think that needs to change Bailey Chism In 2023, builders in Utah delivered more housing units than in any year in the past four decades — and the majority of them are rental properties. Condominiums have made up about 20 percent of…

A qualified upfitter is the key to the right equipment for the job

Dave Haslam There are riches in the niches, and when you work in the niches, you need a truck that’s tailored to your industry. The one-size-fits-all approach often falls short. Using an upfitter — someone with the know-how to customize your work vehicles — allows you to get a…

Study highlights role of explosives in building the economy in Utah

A new study from the Institute of Makers of Explosives (IME) found that the commercial explosives industry contributes $1.1 billion and 3,220 jobs each year to the economy in Utah. The first-ever institute study highlights the importance of the commercial explosives industry at…

Housing audit says Utah needs 28,000 new homes a year to keep up with growth

The Capitol in Salt Lake City is pictured recently. (Photo by Spenser Heaps for Utah News Dispatch) Governor’s senior housing advisor says he’s working on statewide housing law for legislators to consider before 2025 session Katie McKellar Utah News Dispatch In November, a…

The power of a comprehensive benefits package in attracting and retaining top talent in the construction industry

In an industry characterized by its demanding nature and physical rigor, the construction sector faces a continuous challenge in attracting and retaining top-tier talent. With a significant number of seasoned professionals retiring and a younger generation seeking more than just…

It's orange cone season

UDOT crews are widening roads, maintaining bridges and repaving existing highways around the state Summer is here and with it comes traffic snarls as the Utah Department of Transportation (UDOT) ramps up construction on 209 projects with a value of $2.74 billion. UDOT reminds…

The State of the Industry: A CONSTRUCTION ROUNDTABLE

Construction industry positives and negatives The Business Journal recently convened a gathering of construction industry leaders for a roundtable discussion at Salt Lake Community College. The following text was edited for clarity and length. Participants were asked about…

Industry Briefs - 6-17-24

Industry Briefs are provided as a free service to our readers. Company news information may be sent to brice.w@thecityjournals.com . The submission deadline is one week before publication. ACCOUNTING Ostrow Reisin Berk & Abrams Ltd. , a Chicago-based accounting, tax and advisory…