Archive

Groundbreaking ceremony kicks off construction of new UofU hospital campus in West Valley City

An artist rendering of the new University of Utah Eccles Health Campus and Eccles Hospital in West Valley City. Courtesy of UofU Health Tom Haraldsen Salt Lake Business Journal The event was ceremonial, but the celebration of it and the promise it brings were both very real. On…

Tom Haraldsen

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Dec59

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Nusano Life Sciences, Summit Bioservices coming to West Valley City

West Valley City is home to two major companies who will work together in the rapidly emerging medical radioisotopes market. At a ceremony on June 9, Nusano Life Sciences and Summit Bioservices gave officials and media a tour of their neighboring facilities in West Valley City’s…

Tom Haraldsen

Jun 21

‘Yellowstone’ sequel series to shoot in Utah

“Yellowstone” is returning to Utah. Sort of. A spinoff of the popular TV show, with the working title “Y: Marshals,” will shoot entirely in Utah. The “Yellowstone” series, aired on the Paramount Network, shot most of its first three seasons in Utah before it bolted for Montana.…

Brice Wallace

Ratio Therapeutics awarded state incentive for WVC plant

A Boston-based company that produces radiotherapies for cancer treatment and monitoring will get state help in building a manufacturing facility in West Valley City. Ratio Therapeutics Inc. had announced in May that it would put a 65,000-square-foot radiopharmaceutical research…

Brice Wallace

Fintech to expand in Salt Lake County

A New York-based financial technology company will expand in Salt Lake County, with plans to create 200 jobs over the next seven years. ICapital Inc. facilitates alternative investments and connects financial advisors at wealth management institutions with large asset managers.…

Brice Wallace

USREL signs agreement with NuCube Energy for test reactor at Orangeville site

The Utah Office of Energy Development has agreed to locate a microreactor made by Idaho Falls-based NuCube Energy at the Utah San Rafael Energy Lab (USREL) in Emery County’s Orangeville. The entities signed a memorandum of understanding (MOU) that establishes a collaboration for…

Preparing for the Olympics: Maverik Center to replace LED board, conduct study on renovations

In anticipation of the 2034 Winter Olympics coming to Utah, the Maverik Center will see some improvements as one of the host venues. The West Valley City Council approved by a 6-1 vote to see $1 million directed toward replacing the exterior LED board over the grand staircase…

Travis Barton

Utah still has no Fortune 500 companies

Despite being known for its strong financial infrastructure and historically favorable economy, Utah remains one of a handful of states without a Fortune 500 company. An annual list published by Fortune magazine lists the country’s top 500 firms based on revenue. This year marks…

INNOVATE UTAH 6-23-25

A team of Utah entrepreneurs has launched Siftbooks , what the group says is the world’s first audiobook filtering subscription service, to allow listeners to enjoy popular books without offensive content. The Lehi-based service helps audiobook listeners filter explicit content…

ACS Manufacturing to expand in Clearfield

A specialty manufacturer will expand in Davis County, adding 223 jobs over the next decade. ACS Manufacturing LLC made the announcement after being approved for a tax credit incentive of up to nearly $1.7 million over that time. The tax credit was approved by the Governor’s…

Utah earns Moody’s highest credit rating – again

Describing Utah’s economy as strong and its outlook as stable, Moody’s affirmed the state’s AAA issuer credit rating earlier this month. That’s the highest possible rating for a government entity, indicating the lowest risk for investors. Along with Utah, 13 other states hold…

Corliss Management enters Utah market

Corliss Management Group (CMG), a fifth-generation, family-owned real estate investment and development firm, has officially entered the Utah market with the acquisition of a single-tenant net lease industrial asset at 3685 S. 500 W. in South Salt Lake. The acquisition includes…

Merit Financial Advisors acquires RCM Investments, opens Utah office

Merit Financial Advisors, an Atlanta-based financial advisory firm that specializes in financial planning and wealth management solutions for high-net-worth individuals and families, has acquired RCM Investments of American Fork. The acquisition marks Merit’s first office in…

TSG Consumer to acquire EoS Fitness

TSG Consumer Partners, a specialist private equity firm focused exclusively on the consumer sector, has signed a definitive agreement to acquire EoS Fitness, a U.S. operator of gyms. EoS Chief Executive Officer Rich Drengberg will continue to head the company with his tenured…

Kizik names Gareth Hosford new CEO

Kizik, a Salt Lake City manufacturer of hands-free footwear, and its parent company, HandsFree Labs, have announced the appointment of Gareth Hosford as its new CEO, effective with the recent announcement. “A proven footwear and fitness industry leader with more than two decades…

Work Daze: Casual NoDay

Emily Post won’t help you. The queen of etiquette, circa 1922, had little to say about what to wear in an office. Women, especially, were hopeless cases. “Mood, temper, jealousy ... are the chief flaws of women in business,” she wrote. I’m afraid those flaws could also apply to…

People on the Move 6-23-25

Company news information may be sent to brice.w@thecityjournals.com . ACCOUNTING • Ostrow Reisin Berk & Abrams Ltd. , an accounting, tax and advisory firm, has hired Cory Nielson as an audit group director in its Salt Lake City office. He has experience auditing companies across…

Industry Briefs 6-23-25

Company news information may be sent to brice.w@thecityjournals.com . ARTS/ENTERTAINMENT • The Gateway in Salt Lake City has announced a set of free events for this summer. They include the weekly Sunset Yoga series and markets such as Outdoor Urban Flea Market, The Maker’s Hive…

Savory fund invests in Asian street food restaurant Hawkers

Lehi-based private equity firm Savory Fund has made a major investment in Hawkers, an Orlando, Florida-based 15-unit Asian street food restaurant chain, taking a majority ownership position in the company. Terms of the transaction were not disclosed. Hawkers was founded in 2011…

Outlaw Distillery expands into Arizona

Midvale-based craft distillery Outlaw Distillery, founded in 2015, has expanded to Arizona with the acquisition, and subsequent rebranding, of Tempe-based distillery Adventurous Stills. Outlaw Distillery’s expansion to Arizona marks unites two craft distilleries under a single…

Funding approved for Technical Assistance Program for Utah small businesses

The U.S. Treasury Department has approved the Utah Small Business Credit Initiative (USBCI) for funding the state’s Technical Assistance Program (TAP). The initiative provides $1.2 million in federal funding, allowing USBCI to offer legal, accounting and other financial advisory…

UDAF announces $1 million fund to protect Utah’s working farms and ranches

As Utah’s agricultural lands face increasing development pressure, the Utah Department of Agriculture and Food (UDAF) has announced $1 million in funding to permanently protect working farms and ranches through conservation easements under the 2025 LeRay McAllister Working Farm…