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ONE UTAH SUMMIT, APRIL 11-12: Gathering will promote Utah as 'The Startup State'

Brice Wallace “Startup” will get a spotlight at an upcoming economic gathering. The first tangible steps in branding Utah as “The Startup State” will be unveiled at the spring version of the One Utah Summit, set for April 11-12 at the Grand America Hotel in Salt Lake City. The…

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Utah residential building permits drop 20 percent from 2022 to 2023

As permits and housing starts decline nationwide, Utah finds similar challenges in its residential construction sector. Permitting activity in the state dropped for a second consecutive year in 2023, down 20 percent compared to the previous year, according to a new report from…

Staff

Mar 31

UTAH UNEMPLOYMENT RATE HOLDS STEADY AT 2.8% IN FEBRUARY

Utah’s seasonally adjusted unemployment rate has remained unchanged for four consecutive months, according to the February report released by the Utah Department of Workforce Services (DWS). The latest numbers show joblessness holding steady at 2.8 percent for February, leaving…

Existing-home sales make a major jump in February, according to NAR

Existing-home sales climbed in February across most of the U.S., according to the National Association of Realtors. Among the four major U.S. regions, sales jumped in the West, South and Midwest and were unchanged in the Northeast. But year over year, sales declined in all…

Cox signs stadium financing bills

Although the possibility of Salt Lake City landing either a Major League Baseball team or a National Hockey League franchise may be years away, the state Legislature set the process in motion to build homes for the professional sports teams with the passage of enabling bills…

Weber's first-of-its-kind Spanish program aims to see native speakers succeed

Brice Wallace A state grant will help Weber State University kickstart a program to offer certificates and degrees through classes taught entirely in Spanish. Believed to be a first-of-its-kind program in the nation, the “Building Puentes” program will ramp up after starting…

UTA releases 30-year transit plan

The Utah Transit Authority (UTA) board of trustees has formally adopted the agency’s long-range transit plan, “UTA Moves 2050.” The recently released document is the result of collaboration amonmg UTA; regional transportation and planning partners such as the Utah Department of…

NFIB’s Optimism Index still running well below 50-year average

The National Federation of Independent Business’ Small Business Optimism Index decreased in February to 89.4, marking the 26th consecutive month below the 50-year average of 98. Twenty-three percent of small-business owners reported that inflation was their single most important…

SLC Red Cross workers join Teamsters

Workers in four departments at the American Red Cross in Salt Lake City have voted to join the Teamsters Union. The new members of Local 222 work in IRL laboratory services, manufacturing quality control, manufacturing component lab and supply operations. They were the last…

Utah women making ownership headway

Utah has ranked dead last in the U.S. for women’s equality eight years in a row, but a study from Lehi-based online lending marketplace Lendio found that the number of women-owned businesses in Utah grew 22 percent from 2012 to 2020 — the eighth-highest growth rate in the…

No. Salt Lake's OxEon Energy wins $36 million in DOE hydrogen funding

OxEon Energy, an energy storage solutions provider based in North Salt Lake, has been awarded a $36 million grant from the U.S. Department of Energy to fund development of the company’s solid oxide electrolysis (SOEC) manufacturing capabilities. SOEC produces hydrogen or…

CORPORATE FINANCIAL REPORTS 4-1-24

The following are recent financial reports as posted by selected Utah corporations: Extra Space Storage Extra Space Storage Inc., based in Salt Lake City, reported net income attributable to common stockholders of $216.1 million, or $1.02 per share, for the fourth quarter ended…

Cox signs bill to keep coal plant open amid warnings of federal conflict

Alixel Cabrera Utah News Dispatch Gov. Spencer Cox signed a bill that would extend the life of the coal-fired Intermountain Power Plant, but amid pushback from the facility owner and the possibility of conflict with a federal agency, there’s a strong possibility the bill will…

How local banks can help small businesses and their employees secure their retirement

Dillon Schmutz Faced with anxieties about retirement savings, Americans are turning to employers — including small businesses — for help securing their financial futures. With a staggering 70 percent of retirees regretting not saving more, a critical issue emerges: an estimated…

FROM THE COACH: For the successful manager, confrontation skills are essential

Richard Tyson As I walked into his office, I could tell something was very wrong. My client confirmed this, blurting out, “They’ve shorted me $50,000 on our last transaction!” Based on our prior coaching sessions, I knew that this man was eagerly anticipating his share of a{show…

Industry Briefs 4-1-24

Industry Briefs are provided as a free service to our readers. Company news information may be sent to brice.w@thecityjournals.com . The submission deadline is one week before publication. ARTS The Bountiful Davis Art Center has hired Sarina Villareal Ehrgott as executive…

Mar 30

State aiding in Pepperidge Farm expansion project

Goldfish snack crackers advance down the production line at the Pepperidge Farm bakery in Richmond in Cache County. The company was approved for a state tax credit incentive for an expansion at the facility, tied to 86 new high-paying jobs over a decade. The $160 million project…

BioHive's new chapter has aim of influencing medical innovation

BioHive, a Salt Lake City nonprofit public-private partnership with the stated goal of enhancing Utah’s life science and healthcare innovation ecosystem, has launced HealthTech Hub, a new BioHive chapter that empowers the state’s science and technology communities to “help…

SALT LAKE LAUNCHES CONSUMER COMPLAINT PORTAL FOR RESIDENTS

Salt Lake City government has launched its new Consumer Protection Complaint Portal. The user-friendly portal serves as a centralized hub for residents to submit consumer-related complaints and empowers residents to actively participate in protecting themselves and their…

Eleven to be honored with Governor's Awards at April's One Utah Summit

Seven individuals and four organizations will be honored with Governor’s Awards at the spring One Utah Summit taking place April 12 in Salt Lake City. Gov. Spencer Cox and the summit’s organizing partners will recognize award recipients for their significant contributions to…

Furniture company Sauder to partner with Ogden’s Kenco

Third-party logistics company Kenco has announced that ready-to-assemble furniture manufacturer Sauder Woodworking Co. will relocate its western e-commerce distribution center operations from Jurupa Valley, California, to Kenco’s Ogden facility. Kenco, with a home office in…

Transit Riders Union launches petition, challenges leaders to ride for '7 Days'

The Utah Transit Riders Union (UTRU) has launched a petition on its website (www.utru.org) as part of its “ Transit Everywhere, All The Time” (TrEATT) initiative that is encouraging people to add their names to the growing number of Utahns calling upon lawmakers to use state…

Miller expands Megaplex brand in St. George

Larry H. Miller Sports & Entertainment has announced a partnership with Woodbury Corp. to expand its Megaplex Entertainment business segment to St. George’s Desert Color development, a huge master-planned community and regional shopping center on the city’s southern border.…

WORK DAZE: Don’t want to work? Get a job in HR

Bob Goldman There may be easier jobs than being a human resources professional, but I really don’t know what they could be. Working at the floaty franchise on the Titanic might come close. Selling vegan hot dogs at WrestleMania might come in second, but for day-in, day-out,…