Archive

On-schedule airport expansion price tag now exceeds $4 billion

By John Rogers The massive rebuild of the Salt Lake City International Airport just keeps getting bigger — and so does its cost. Officials have announced that the total budget for the project is now expected to eclipse $4 billion. The new budget was outlined at a recent meeting…

Chamber unveils 2020 legislative session priorities

The Salt Lake Chamber has introduced its priorities for the 2020 Utah legislative session that begins this week in Salt Lake City. The announcement was made at the chamber’s Utah Economic Outlook & Public Policy Summit. The chamber partnered with the the Kem C. Gardner Policy…

Staff

Jan 26

Vivint Smart Home completes merger, begins public trading

Mosaic Acquisition Corp. of New York City and Provo’s Vivint Smart Home Inc. have completed their merger that was announced last year. Mosaic is an investment firm created specifically to effect the merger. The resulting entity will be called Vivint Smart Home and began trading…

Staff

Jan 26

Miller donation helps Intermountain launch 'model' child health system

Last week, Intermountain Healthcare unveiled its plan to create a national model health system for children and the $500 million investment in it plans to make it happen. The healthcare organization also announced that the first $50 million toward its goal is coming from Utah…

Staff

Jan 26

N.Y. firm buys Park City co.

SavATree, a nationwide landscape company with headquarters in Bedford Hills, New York, has acquired Park City-based Wasatch Arborists. This will be SvATree’s 39th branch and its first location in Utah. The company said the purchased continues its efforts to grow in the western…

Staff

Jan 26

Film incentives will bring $9.7 million in economic impact and 275 jobs to Utah

Four film and TV productions were approved this month for state economic incentives to shoot in Utah. The Governor’s Office of Economic Development (GOED) board, at its January meeting, approved the incentives for the productions, which are expected to have a total economic…

Staff

Jan 26

CORPORATE FINANCIAL REPORTS 1-27-2020

The following are recent financial reports as posted by selected Utah corporations: Zions Zions Bancorporation NA, based in Salt Lake City, reported net earnings applicable to common shareholders of $174 million, or 97 cents per share, for the fourth quarter of 2019. That…

Staff

Jan 26

Going against the grain: Contrarian thinking can put us on the right track

By John Graham It makes business more interesting when there are a few contrarians around — a Jeff Bezos, a Steve Jobs or an Elon Musk — those who challenge commonly accepted assumptions. They stir our placid mental waters to get the creative juices flowing. As it turns out, the…

Succeeding in Your Business: My Entrepreneur of the Year nomination - Part 1 of 2

By Cliff Ennico “Like the guy in Psalm 130, I am writing to you out of the depths of despair. “I started a retail business last year involving a hot new technology. We needed some local real estate and found a pretty good location, but when our contractor inspected the space…

Editorial Cartoon: End This

Staff

Jan 26

Industry Briefs 1-27-20

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 • Lisa Kirschner has been elected as a board of trustee member at the American…

Staff

Jan 26

OFCCP: Social engineering run amok at Department of Labor

By Veronique de Rugy A few years ago, the U.S. Chamber of Commerce released two reports detailing enforcement and litigation abuses by the Department of Labor’s Office of Federal Contract Compliance Programs, or OFCCP. Instead of holding firms accountable when they engage in…

Taiwan really needs U.S. support and Pres. Trump is obliging

By Marc A. Thiessen Donald Trump is arguably the most pro-Taiwan president in U.S. history. On Trump’s watch, U.S. warships sail through the Taiwan Strait — the international waters separating Taiwan from China — on a routine basis, compared with just one to three times a year…

Newsletter - 1-20-20

https://slenterprise.com 801-533-0556 --> This week in The Enterprise Monday, January 20, 2020 Outlook: Utah economy may be nation's best By Brice Wallace The 2020 economic prediction season is underway, with the local kickoff event indicating Utah is well-positioned compared to…

Outlook: Utah economy may be nation's best

By Brice Wallace The 2020 economic prediction season is underway, with the local kickoff event indicating Utah is well-positioned compared to other states. At the Zions Bank 2020 Economic Outlook, Robert Spendlove, senior economist and public policy officer for the bank, listed…

SLC ranks near top as job market for millennials

Turns out that Salt Lake City is a pretty good place to be a millennial. The nationwide commercial real estate listing service Commercial Café lists Utah’s capital as No. 5 among the country’s metropolitan areas as a good place for the younger generation to work. The study…

Staff

Jan 19

$380 million expansion will bring 2,250 jobs for Northrop Grumman

By Brice Wallace A project to help Northrop Grumman Corp.’s rocket-like growth in Utah has gotten a financial boost from the state of Utah. The Governor’s Office of Economic Development (GOED) board, at its January meeting, approved a $59.9 million tax credit incentive over 20…

Procter & Gamble doubling its Bear River City presence

Procter & Gamble will nearly double its manufacturing operations in Box Elder County and add about 220 jobs over the next two decades. The Cincinnati-based company announced in 2007 it would build a $300 million plant near Bear River City that would be the company’s first…

Staff

Jan 19

Evans Bank to open third Utah branch

Burley, Idaho-based D.L. Evans Bank has announced that it will open its third Utah branch in Logan in March. Located at 944 S. Highway 89, the Logan branch will be a full-service location offering a full range of banking products and services with decisions made locally, the…

Staff

Jan 19

VCBO announces promotions

Three principals at Salt Lake City’s VCBO Architecture have been promoted to corporate positions within the leadership structure of the company. Derek Payne has been appointed president of the 40-year-old general architecture and design firm. Payne led the architectural design…

Staff

Jan 19

Are you feeling eco-guilt?

A new report from Lehi-based Vivint Solar finds that 70 percent of Americans feel guilty about wasting energy. The feeling, tabbed “eco-guilt,” is what people get when they know that they could and should adjust their habits to be more "green." The company surveyed a group of…

Staff

Jan 19

Nav appoints Greg Ott CEO, board member

Draper-based Nav, a fintech company that matches business owners with financing options, has appointed Greg Ott as CEO. The company’s board of directors said that Nav co-founder Levi King has stepped down from his role as CEO and has been named executive chairman of the…

Staff

Jan 19