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Utah continues in the running to keep Sundance

FULL BID DETAILS DUE TO INSTITUTE BY JUNE 21 Utah has made the first cut in its quest to keep the Sundance Film Festival in the state. The Utah Film Commission through its Sundance Film Festival Host Committee has announced that it has received the opportunity from the Sundance…

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Incentives mean manufacturing jobs for Tooele, Heber Valley

Brice Wallace A mining equipment manufacturer will add 58 jobs in a project in Tooele, while a gun maker will add 25 jobs in Heber Valley. The announcements by Minova USA Inc. and Mountain Billy Gun Lab LLC followed the companies being approved for state tax incentives by the…

Staff

May 17

CONSUMER SENTIMENT DROPS BELOW NATION FOR SECOND MONTH

The index that measures Utah’s consumer sentiment fell again in April, according to the Kem C. Gardner Policy Institute’s Survey of Utah Consumer Sentiment. The index decreased by 2.2 percent, from 78.0 in March to 76.3. A similar survey by the University of Michigan found that…

SEG to build NHL practice facility on site of Shops at South Town

The Smith Entertainment Group (SEG), owner of the new Utah National Hockey League franchise, has announced that it is buying the Shops at South Town in Sandy and will build the team’s practice and training facility on the 111-acre site. SEG said it expects to complete the…

Salt Lake Lumber building sold and will undergo renovation

VanTrust Real Estate, a Kansas City-based commercial real estate and development company, has purchased the historic Salt Lake Lumber building on 400 West in downtown Salt Lake City. The firm plans to transform the turn-of-the-century building into leasable contemporary office…

Myriad reorganizes European ops, sells Endopredict business unit

Salt Lake City-based Myriad Genetics Inc., a biotechnology company specializing in genetic testing, has announced the reorganization of its European operations, putting more emphasis on its domestic business while continuing to serve key biopharma partners and patients outside…

Home prices up in most metros

More than 90 percent of metro markets (205 out of 221) posted home price gains in the first quarter of 2024, as the 30-year fixed mortgage rate ranged from 6.6 percent to 6.94 percent, according to the National Association of Realtors’ latest quarterly report. Thirty percent of…

Savage acquires Houston's Texon

Savage, a global provider of supply chain infrastructure and solutions based in Salt Lake City, has acquired Texon, a Houston-based midstream service provider of butane blending and energy marketing. Texon will continue to operate under its legacy brand with no disruption for…

Utah is best state in the U.S., says 2024 Best States rankings from U.S. News

For the second year in a row, Utah has been ranked the best state in the U.S in the 2024 Best States rankings by U.S. News & World Report . The news magazine evaluated all 50 states to capture how states best serve their citizens across a range of categories, including…

Rubicon buys Lucky Spoon Bakery

Rubicon Bakers, a Richmond, California-based baking company, has acquired Lucky Spoon Bakery in Salt Lake City. Founded in 2010, Lucky Spoon manufactures gluten-free sweet bakery goods. Lucky Spoon’s products — which include cakes, cupcakes, cookies, brownies and more — can be…

Packsize names Lockwood new CEO

Packsize, a Salt Lake City-based custom packaging company, has named David Lockwood, currently the executive chairman of the company’s board of directors, as its new CEO. He succeeds Rod Galloway, who is retiring. Galloway will continue with the company as a senior consultant.…

CORPORATE FINANCIAL REPORTS 5-20-24

The following are recent financial reports as posted by selected Utah corporations: Purple Purple Innovation Inc., based in Lehi, reported a net loss of $50.2 million, or 47 cents per share, for the first quarter ended March 31. That compares with a loss of $25.9 million, or 26…

WORK DAZE: Does working remotely make you lonely? Become a boss-sitter

Bob Goldman What’s the best part of being a remote worker? Beyond the advantages of a daily commute that consists of shuffling between your bedroom and your kitchen table, where you can labor comfortably through the day in your bathrobe and bunny{show accesslevels="Guest"}…