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Doppelmayr will expand Salt Lake facility, add jobs

MANUFACTURER OF ROPEWAY PRODUCTS Brice Wallace A ropeway manufacturer will expand in Salt Lake City, adding 130 jobs and investing over $60 million over the next decade. Salt Lake City-based Doppelmayr USA makes ropeway products, or systems that use ropes to transport people or…

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Utah joins Wyoming in suit against feds over land-use rule

The states of Utah and Wyoming have filed a joint lawsuit challenging the new Public Lands Rule recently established by the Bureau of Land Management (BLM). The states are suing the U.S. Department of the Interior and the BLM for failure to comply with the National Environmental…

Staff

Jun 30

FOR THE FIRST TIME THIS YEAR, JOBLESS RATE TICKS UPWARD

For the first time this year, Utah’s unemployment rate saw a small increase in May, increasing one-tenth of a percentage point to 2.9 percent, leaving an estimated 51,900 Utahns still looking for work, according to data released by the Utah Department of Workforce Services…

UofU fintech incubator launches

The University of Utah’s Stena Center for Financial Technology has launched the Stena fintechXstudio, an early-stage fintech incubator and accelerator for students and recent alumni from all colleges and universities within the state of Utah. The studio provides entrepreneurs…

Lehi property management platform Entrata acquires Florida's Colleen AI

Lehi-based Entrata, a multifamily property management operating system, has acquired Colleen AI of Daytona Beach, Florida. Colleen AI is a platform that helps multifamily property managers automate property management workflows through rent collection and renewals. “By…

Bridor will invest $230M to build bakery in Brigham City, employ 400

Brice Wallace A bread and pastry bakery that will rise in Brigham City now has an added ingredient: state help. Global food manufacturer Bridor will build a production plant in the city, investing nearly $230 million in a project that ultimately will employ 400 people. The…

Verus Title acquires LW Traveling Title

Verus Title, a wholly owned subsidiary of Fathom Holdings Inc. of Cary, North Carolina, has acquired American Fork-based LW Traveling Title. A full-service title company, LW Traveling Title has offices in St. George; Colorado Springs, Colorado; and Buena Vista, Virginia, in…

Lion Energy president appointed CEO

Lion Energy, a portable power solutions provider based in American Fork, has announced the appointment of Tyler Hortin as the company’s new CEO. Hortin has been part of Lion Energy since its founding and has been serving as president since 2022. He succeeds founder and former…

Beyond Inc. restructures leadership

Beyond Inc. , the Draper-based owner of Overstock, Bed Bath & Beyond and Zulily, has named Dave Nielsen as president. The appointment is part of a restructuring of several leadership roles within the company. The changes, which became effective with the announcement, included…

Gardner report: No. Utah mean centers of population & employment fall in SLC

The mean center of population and employment in Northern Utah both fall in Salt Lake City, according to a new analysis from the Kem C. Gardner Policy Institute at the University of Utah. This reflects the strong influence Utah’s Greater Salt Lake economic region, namely Salt…

Utah gets $20 million in safety grants

The U.S. Department of Transportation’s Federal Highway Administration (FHWA) has announced that it is awarding $20 million to the Utah Department of Transportation (UDOT) under the “Saving Lives with Connectivity: Accelerating V2X Deployment” program to advance connected and…

Existing home sales declines even as median sales price reaches record high

Existing-home sales slightly declined in May as the median sales price climbed to a record high, according to the National Association of Realtors. In the four major U.S. regions, sales slid month-over-month in the South but were unchanged in the Northeast, Midwest and West.…

Corpay acquires GPS Capital Markets

GPS Capital Markets LLC, a Salt Lake City financial technology firm offering corporate foreign exchange services, has announced it has entered into an agreement to be acquired by Corpay Inc., a corporate payments company based in Atlanta. “At GPS our clients are at the heart of…

Rocky Mountain Power installs first of 80 'hyper-fast' Utah EV charging stations

Electrify America, a Virginia-based company that owns a chain of EV charging stations across the U.S., and Utah electric utility Rocky Mountain Power have rolled out the first of 20 DC fast electric vehicle charging stations in Utah. Electrify Commercial, a business unit of…

INNOVATE UTAH 7-1-24

Tranont , a Lehi-based lifestyle company specializing in health products and financial growth opportunities, has launched Glow-M , a marine collagen supplement line aimed at skin health, stronger hair and healthier nails. Glow-M builds on the foundation of{show…

WORK DAZE Has your career reached critical mess?

Bob Goldman What’s wrong with you? If you’re not exactly sure, let me tell you. Or, better yet, let your boss do it. Bosses are always ready to tell us what we’re doing wrong. What we’re doing right? That’s a job for someone else. Like your labradoodle. A quick etymological look…

BambooHR Study finds there are ulterior motives in RTO policies

A recent study by Draper-based human resource platform BambooHR on return-to-office (RTO) sentiment found that nearly one in three (32 percent) managers admit the main goal for RTO policies was to track employees. One in four (25 percent) vice president level and C-suite…