Archive

Point of the Mountain planning moves to Phase 2

By Brice Wallace The future development of the Point of the Mountain area, including the Utah State Prison site, has advanced to a new phase. The Point of the Mountain Development Commission recently released a report by Envision Utah summarizing the first phase of the process,…

Unemployed rate holds steady as new jobs created

Utah’s unemployment rate held steady in April at 3.1 percent with about 49,200 Utahns out looking for jobs. By comparison, the national rate decreased one-tenth of a percentage point to 4.4 percent. Utah’s nonfarm payroll employment for April 2017 grew by an estimated 3.3…

Staff

May 30

Equity firm buys Nutraceutical

Park City’s Nutraceutical International Corp. has been acquired by HGGC LLC, a middle-market private equity firm based in Palo Alto, California. The transaction is valued at approximately $446 million, including debt to be refinanced, according to a release from HGGC. Under the…

Staff

May 30

Young Living breaks ground for HQ, acquires Idaho firm

Young Living, a marketer of essential oils, has broken ground on its new 263,000-square-foot global headquarters in Lehi, the company said in a release. The five-story building will offer work space for nearly 1,000 employees and will sit on about 27 acres which includes 3.6…

Staff

May 30

Clark, Neeleman and Wilson join GOED board for four-year terms

The Governor’s Office of Economic Development (GOED) board has three new members. Carine Clark, Dr. Steve Neeleman and Ted Wilson recently had their appointments confirmed by the Utah Senate and will be sworn in at the board’s next meeting June 8. “The newly appointed board…

Staff

May 30

SealMaster brings manufacturing, distribution to Utah

SealMaster, a leading global supplier of pavement maintenance supplies and equipment, has opened a manufacturing plant, distribution center and retail showroom in West Valley City. The Utah location is owner Lyle Moody’s second SealMaster franchise. He has owned SealMaster in…

Staff

May 30

Outdoor clothing company moves to SLC

Wild Tribute, an outdoor clothing company, has moved its headquarters from Kentucky to Salt Lake City. The move was prompted by Salt Lake City’s lifestyle and recreation, its proximity to the company’s wholesale business, and “the open arms of local strategic partners as well as…

Staff

May 30

New home for Silicon Slopes

Silicon Slopes, the nonprofit group organized to promote the interests of Utah’s technology and innovation industry, has a new home. Gov. Gary Herbert, Val Hale of the Governor’s Office of Economic Development and Domo CEO Josh James joined Silicon Slopes executive director…

Staff

May 30

BioFire opens new Mérieux Center in Salt Lake City

BioFire Diagnostics, the molecular biology affiliate of French firm bioMérieux, has opened its new Alain Mérieux Center for Molecular Diagnostics facility in Salt Lake City. BioFire develops and markets diagnostic testing for infectious diseases under the trade name FilmArray.…

Staff

May 30

Global Upside starts new co.

Global Upside, a Murray-based company that offers international expansion services, has launched an new company called Global PEO Services. The new business will offer services that help companies hire employees globally without having to set up a legal entity, payroll and…

Staff

May 30

Greenberg tabbed to head new medtech

Dr. Myles D. Greenberg has been named president and CEO of Alucent Medical Inc., a new Salt Lake City-based company licensed to develop a drug and device combination therapy for the treatment of peripheral vascular disease (PVD). Alucent is owned by the research and development…

Staff

May 30

Optima buys Hospicesoft

Optima Healthcare Solutions, a provider of cloud-based software for post-acute care providers, based in Palm City, Florida, has acquired Hospicesoft, a supplier of cloud-based software for hospices, based in Salem. Terms of the transaction were not disclosed. “The talented team…

Staff

May 30

CBRE report: The 'big box' store isn't necessarily dead

Despite headlines about various “big-box” retailers closing stores, others in that category are opening hundreds of stores spanning tens of millions of square feet this year with less fanfare, according to a report from CBRE Group Inc. released recently as the first in a series…

Staff

May 30

Sandwich generation: Investors have kids and parents to worry about

People trying to invest for retirement also have to worry about the generation before them and the generation following them. According to the recently released Wells Fargo/Gallup Investor and Retirement Optimism Index, 47 percent of investors have children and at least one…

Staff

May 30

Title West joins Stewart

Houston-based Stewart Title has purchased the business of Title West in Salt Lake City to complement it existing Utah operations. Stewart said in a release that the acquisition fits its overall expansion plans. Title West had been an independent agent of Stewart since 1987 and…

Staff

May 30

Legend Solar buys Aspire Energy

Washington, Utah-based Legend Solar has acquired an energy efficiency company and turned it into a new division of Legend. Aspire Energy has become a division of Legend called Legend Energy. The new division allows Legend Solar to offer homeowners and businesses a bundle of…

Staff

May 30

Editorial Cartoon: Ransom Bitcoin

Staff

May 30

Business Tech: The 'WannaCry' attack: How to protect your business from ransomware

By Mike Herrington Right on the heels of Pres. Donald Trump’s executive order aimed at improving the state of cyber security in the U.S., the entire world was hammered by one of the largest ransomware attacks in history. The new ransomware threat, dubbed “WannaCry,” has run…

What’s next? The dangers of federalizing hearing aid rules

By Veronique de Rugy One of the obstacles to reversing the tide of growing government is that so many of the laws and regulations advanced with the rhetoric of limited government end up expanding government’s scope and power instead. Politicians disingenuously talk of freeing…

Trump versus Comey is case of 'he said, he said, he said, he said'

By Fareed Zakaria For most of his life, Donald Trump has found words to be his friends. He has used them to build his business, dramatize his achievements and embellish his accomplishments. As important, he has used them to explain away his missteps and to paper over his…

Hidden consequences: Worst-case scenarios of not saving for retirement

By MARK LUND Saving for retirement may seem a thankless task. But you may be thanking yourself later. Putting away a percentage of one’s income — money that could be used for any number of bills or luxuries — is a sacrifice made in the present in order to avoid larger trouble…

Industry Briefs 5-29-17

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. COMMUNICATIONS • AT&T announced it has invested nearly $200 million in its Utah wireless…

Staff

May 30