Archive

Labor market strength keeps confidence high

After a record-setting high in October, the Zions Bank Utah Consumer Attitude Index (CAI) remained steady in November, decreasing only slightly from 125.4 to 124.4. Consumer confidence in Utah has registered above 110 since June last year, indicating that Utahns continue to be…

Staff

Dec 3

Fourteen projects receive $435,112 in grants from Utah's rec office

In an effort to improve outdoor recreation infrastructure throughout the state, the Utah Office of Outdoor Recreation has awarded more than $435,112 in grant funding for 14 projects in 12 counties. The projects’ cost totals more than $2.8 million when matching funds and private…

Staff

Dec 3

Jobless rate ticks down

Utah’s unemployment rate is among the lowest and most stable in the nation. It ticks up or down slightly from month to month and in October, it ticked back down one-tenth of a percentage point to 3.3 percent. The national unemployment rate also dropped one-tenth of a percentage…

Staff

Dec 3

Purple now at Mattress Firm

Alpine-based Purple Innovation LLC has abandoned its mail-order roots and announced that its proprietary mattress line will now be available at a limited number of retail outlets. The company has selected Mattress Firm to launch the trial retail sales of its bedding products,…

Staff

Dec 3

Let the sun shine: Three facilities at Research Park open solar panel arrays

The University of Utah Research Park has taken another large step in its goal of carbon neutrality by 2050 with the activation of solar arrays at three building locations within the park. The installations — at the 729 Arapeen Drive, 383 Colorow Way and 295 Chipeta Way — feature…

Staff

Dec 3

Most employers will pay less unemployment insurance tax

The majority of Utah’s employers will see a reduction in their unemployment insurance tax rates for the 2018 calendar year, the Utah Unemployment Insurance Division announced last week. In 2018, more than 75 percent of Utah’s established employers will qualify for the minimum…

Staff

Dec 3

Alta Capital acquired by Toronto firm

Guardian Capital Group Ltd. of Toronto has acquired a majority interest in Salt Lake City-based Alta Capital Management LLC. Guardian will pay $45 million at closing for 70 percent of Alta with contingent amounts up to $10 million within four years, according to a release. The…

Staff

Dec 3

Windermere, Bringhurst Group announce merger

The Bringhurst Group, a locally owned residential real estate brokerage, has become part of Windermere Utah Real Estate, the companies announced last week. Windermere Utah is part of a Seattle-based residential and commercial real estate company and has six Utah offices.…

Staff

Dec 3

Pittsburgh software firm buys Park City's 3DSIM

ANSYS, a Pittsburgh-based developer of engineering simulation software, has acquired 3DSIM of Park City. 3DSIM develops additive manufacturing simulation technology. The acquisition of 3DSIM gives ANSYS a complete additive manufacturing simulation workflow application. Terms of…

Staff

Dec 3

Editorial Cartoon: Piece be with you

Staff

Dec 3

Did you remember to give thanks for the farm subsidies and price controls?

By Veronique de Rugy It’s that time of year again. Millions of Americans gathered for Thanksgiving meals of turkey and plentiful sides. I hope you enjoyed yourself, because as a taxpayer, a consumer or even a producer of some of that food, you paid a stiff price for the…

Staff

Dec 3

Guys, just do the right thing when it comes to tax reform (and healthcare)

By Robert Pembroke In 2004, Congress passed a bill that allowed companies to bring overseas assets back home if they paid a tax of only 5 percent and during the next three years, 15 of the companies that repatriated assets raised the salaries of their senior executives, cut…

Want improved performance from your people? Try increasing your recognition

By Richard Tyson A few years ago, I was on a commercial flight to Chicago. Like most of these, the flight was routine — long and boring. I was seated over the port-side wing of the aircraft and as we descended toward the tarmac at O’Hare, there was a sudden jolt. I was looking…

Industry Briefs - 12-4-17

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 • The National Association of Gay and Lesbian Real Estate Professionals (NAGLREP)…

Staff

Dec 3

Changing roles: Banks understand the importance - and value - of having women in influential positions. But a tight labor market and old stereotypes are working against them

By Scott Anderson Financial services industry leaders have long heard the statistics: When more women are involved in upper management, companies experience stronger financial performance and long-term success. So, it should be easy for banks to just hire and promote more women,…

Score a business loan by playing by the rules of the game

By Cari Fullerton It's late in the fall and football season is winding down. Whether you root for a local high school team or you’re a fan of the NFL, you must know the rules of the game to enjoy watching. And no self-respecting football coach goes into the season without a game…

This is the place: If you need a commercial real estate loan right now, Utah is a good place to be

By Doug Birrell Commercial real estate owners in Utah are currently the beneficiaries of a lending environment that offers a plethora of loan alternatives, attractive rates and unprecedented interest from institutional lenders and buyers. The persistent strength of the local…

Scam Alert! Increased reliance on technology in banking opens the door for scam artists

By Bahar Fergeson Technology continues to change the way consumers interact with their financial institutions and handle their financial needs. It is no longer necessary to set foot in the bank to handle the vast majority of daily banking activities. Not only has this shift…