Archive

Utahns still feeling good about economic prospects

Despite an apparent waning of economic confidence across the U.S., Utahns continue to believe that things are pretty good. The Zions Bank Utah Consumer Attitude Index (CAI) increased a strong 2.4 points to 115.6 in June. Year over year, the CAI has risen 3.8 points since June…

Staff

Jun 30

Petroteq video explains oils sands process

Ever wonder what it takes to get salable oil out of eastern Utah’s tar sands? Petroteq Energy Inc. has the only operating oil sands extraction facility in Utah and now it has released a seven-minute video that explains the process. “Follow the Molecule,” produced by V6 Media of…

Staff

Jun 30

Biskupski fires back at legislature's action by filing amended Port Authority suit

Salt Lake City Mayor Jackie Biskupski has amended a lawsuit she filed in March challenging the constitutionality of the planned Utah Inland Port. The amended suit is in response to action taken by the 2019 Utah Legislature expanding the reach of the Utah Inland Port Authority.…

Staff

Jun 30

4th West sale is state's largest

4th West, a 493-unit luxury apartment community in Salt Lake City, has been sold in a transaction hailed as the largest total dollar single-asset sale in Utah history. 4th West, located at 255 N. 400 W., was built in 2017 by Salt Development. The sale was announced by the Salt…

Staff

Jun 30

Huge damages award may spell end for Provo's VidAngel filtering service

By John Rogers Late last month, a jury ordered Provo-based video filtering service VidAngel to pay $62.4 million in damages to Disney, Fox and Warner Bros. for streaming hundreds of movies on its service without permission. The verdict is potentially a death blow to the company,…

Newmark Group acquires Newmark Grubb ACRES, including Salt Lake office

A global real estate services business has acquired a southwestern firm with which it has had an alliance agreement. Newmark Group Inc., which operates Newmark Knight Frank (NKF), has acquired ACRES, which has operated as Newmark Grubb ACRES through an agreement with NKF.…

Staff

Jun 30

MCRE buys BYU’s Knight Hall, plans restoration

Brigham Young University’s historic Amanda Knight Hall is set for a major renovation and conversion to private commercial usage. Mountain Classic Real Estate (MCRE), a Salt Lake City-based investment group known for restoration of historic commercial and multifamily properties,…

Staff

Jun 30

Harrington named CEO of Provo-based InsideSales.com

InsideSales.com, a Provo-based software-as-a-service (SaaS) sales applications company, has appointed Chris Harrington as chief executive officer. Previously the company’s chief operating officer, Harrington will succeed former CEO and founder Dave Elkington, who will remain…

Staff

Jun 30

Profire acquires Canadian firm

Lindon-based Profire Energy Inc., a technology company which creates, installs and services burner and chemical management equipment in the oil and gas industry, has announced that its wholly owned subsidiary, Profire Combustion Inc., has acquired Millstream Energy Products Ltd.…

Staff

Jun 30

ASI receives funding from Army for braking systems development

Mendon-based Autonomous Solutions Inc. (ASI) has received Phase I funding from the U.S. Army Combat Capabilities Development Command Ground Vehicles Systems Center to improve the way heavy vehicles stop while operating autonomously. The Cache County company has been working with…

Staff

Jun 30

UCAIR calls for grant applications

The Utah Clean Air Partnership (UCAIR) has opened its annual grants program. The organization annually makes grant funding available to support projects that directly reduce pollutants and emissions, provide research on the impacts of air quality to Utah’s health and economy or…

Staff

Jun 30

Leadership lessons from the great Yogi: ‘If the world were perfect, it wouldn’t be’

By Richard Tyson I love summer, largely because it’s baseball season. I’ve loved the game my entire life, and I’m unabashedly a diehard Boston Red Sox fan. Even so, one of my favorite players is Lawrence Peter “Yogi” Berra, the Hall of Fame catcher for the New York…

Succeeding in Your Business: Planning to buy a business without a lawyer? Don’t!

By Cliff Ennico “Two weeks ago, I signed a contract to buy a business. I didn’t use a lawyer because the contract seemed fair, and I felt I understood what it said. I put up a $25,000 deposit to buy this business, and the closing is in two weeks. “The seller’s attorney has been…

Editorial Cartoon: Location

Staff

Jun 29

Industry Briefs 7-1-19

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. ECONOMIC INDICATORS • The No. 1 occupation type for new college graduates in the Salt Lake City…

Staff

Jun 29

Central planning schemes are uninspiring & poison to innovation

By Veronique de Rugy The more things change, the more they stay the same” is the best way to describe the lack of original thinking that is prevalent in politics. Take the recent resurgence of calls from politicians on both sides of the aisle to implement industrial policy.…

Hong Kong reminds us of the fragility of China’s political system

By Fareed Zakaria Recently, according to organizers, about 2 million people marched in a Chinese city to protest an extradition bill that they labeled Chinese “tyranny.” If accurate, it would mean that one in four Hong Kongers was out in the streets fighting Chinese…

Newsletter - 6-24-19

https://slenterprise.com 801-533-0556 --> This week in The Enterprise Monday, June 24, 2019 Europe trade mission focuses on manufacturing, aerospace, energy A group of business and government leaders in Utah recently spent time in Europe on a mission to boost trade and foreign…

Staff

Jun 24

Europe trade mission focuses on manufacturing, aerospace, energy

A group of business and government leaders in Utah recently spent time in Europe on a mission to boost trade and foreign investment between the state and Switzerland, France and Italy. The trade mission, which took place June 13-21, included specific company and event visits…

Staff

Jun 23

Plastics manufacturer to hire 100 at new Cedar City plant

By Brice Wallace A Wisconsin-based plastics manufacturer will put a western U.S. operation in Cedar City, adding up to 100 jobs to that area’s economy over the next few years. GOEX Corp. made the announcement after being approved for a $365,299 tax credit over seven years by the…

Gas & housing costs drive CPI up last month

The costs of hitting the road and buying a home continue to plague Wasatch Front consumers. Those two components fueled a 1.2 percent increase in the Zions Bank Wasatch Front Consumer Price Index (CPI) from April to May, on a non-seasonally adjusted basis. The local CPI has…

Staff

Jun 23

Merit Medical acquires Brightwater in $50M deal

Merit Medical Systems Inc. has acquired a California-based company that specializes in a catheter-to-stent product. Merit’s acquisition of Brightwater Medical Inc., of Temecula, California, was announced last week. The transaction consists of a $35 million upfront payment and up…

Staff

Jun 23