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Newsletter - 8-5-19

https://slenterprise.com 801-533-0556 --> This week in The Enterprise Monday, August 5, 2019 Report: Impressive present and promising future for Utah tech By Brice Wallace Strong and getting stronger.That describes technology's impact on the Utah economy, based on figures and…

Report: Impressive present and promising future for Utah tech

By Brice Wallace Strong and getting stronger. That describes technology’s impact on the Utah economy, based on figures and analysis in a recent report compiled by the University of Utah’s Kem C. Gardner Policy Institute. The state-funded report indicates that in 2018, tech’s…

Jobless rate inching on down

Utah has been a national leader for its low unemployment rate for several years and it got a little bit lower in June, according to figure released by the state’s Department of Workforce Services. June’s rate was 2.8 percent, down from 2.9 percent in May. Meanwhile, the national…

Staff

Aug 5

Utahns a little less optimistic than last year

Although economic optimism remains strong for Utah residents, July saw enough of a drop in the Zions Bank Utah Consumer Attitude Index (CAI) to result in a slight downturn in the index for the past year. The CAI decreased 2.4 points to 113.3 in July, bringing the year-over-year…

Staff

Aug 5

Chargeback names John Munro new CEO

Chargeback, a developer of software for financial dispute management based in Salt Lake City, has named John Munro as its new CEO. Munro moves up from his previous position as chief operating officer. Chargeback also announced other changes in its executive team with the…

Staff

Aug 5

Health Catalyst closes 8.05M-share IPO

Health Catalyst Inc., a Salt Lake City provider of data and analytics software and service to the healthcare industry, has announced the closing of its initial public offering of 8,050,000 shares of common stock. The shares were sold to the public at $26 per share, the company…

Staff

Aug 5

Ag department names first 8 cannabis cultivation licensees

Utah has selected the first eight companies that will be licensed to grow medical marijuana under the state’s Medical Cannabis Cultivation Program. A combination of local and out-of-state companies, the eight were chosen from among 81 applicants. The program allows up to 10…

Staff

Aug 5

Civica Rx contracts with British pharmaceutical giant for 14 medications

Civica Rx, the nonprofit corporation founded in Salt Lake City last year with the stated goal of reducing chronic generic drug shortages in the U.S., and Hikma Pharmaceuticals PLC, a multinational generic pharmaceutical company based in London, have announced a five-year…

Staff

Aug 5

New U Life moves from California to Lehi

New U Life Corp., a formulator and direct-sale marketer of health supplements, is moving its corporate headquarters from Pleasant Hill, California, to Thanksgiving Point in Lehi, the company announced in a recent release. The move was effective Aug. 1. New U Life has 94,000…

Staff

Aug 5

Santa Clara Council approves huge new resort development

The Santa Clara City Council has paved the way for a new residential resort community to be built in the Southern Utah community. In its meeting in July, the council voted to amend the city’s general plan land-use map to allow for the mixed-use project. The project -- called…

Staff

Aug 5

USU study: Ostracism on the job leads to significant troubles at home

New research from Utah State University’s Jon M. Huntsman School of Business indicates 66 percent of employees experience some form of ostracism at work, which can create a significant negative impact on both the employee and the employee’s family. “When a person feels…

Staff

Aug 5

DWS to award $1 million in Talent Ready Utah grants

The Utah Department of Workforce Services has announced $1 million in grants designed to better meet the state’s skilled workforce needs. Talent Ready Utah grants are designed to strengthen collaboration between industry, education and economic development leaders to create…

Staff

Aug 5

Johnson is Woman Entrepreneur of the Year

The Women’s Business Center of Utah has selected Kamea Jonnson, owner of Salt Lake City stationery company Chosen Creative, as its 2019 Woman Entrepreneur of the Year. “We are thrilled to honor a woman business owner who is an example of the female entrepreneurial spirit,” said…

Staff

Aug 5

Young Living acquires Nature's Ultra

Young Living Essential Oils of Lehi has acquired Nature’s Ultra, a Draper-based marketer of CBD products that operates 1,500 acres of hemp farms in Colorado. Nature’s Ultra will continue to operate independently, producing its products which are certified natural and organic,…

Staff

Aug 5

CORPORATE FINANCIAL REPORTS 8-5-19

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 $189 million, or 99 cents per share, for the second quarter. That compares with…

Staff

Aug 5

Succeeding in Your Business: Starting - and succeeding in - a business on eBay or Amazon

By Cliff Ennico As my readers know, I travel the country talking to people who make a living selling stuff on eBay, Amazon and the other online e-commerce platforms. As a lawyer and business consultant, I’m not always able to answer the more technical questions people have about…

Editorial Cartoon: Deplorable Too

Staff

Aug 5

Industry Briefs 8-5-19

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. ARTS/ENTERTAINMENT • The Void , a Lindon-based immersive virtual reality experiences company,…

Staff

Aug 4

Learn to distinguish opportunity risks from hazard risks in your business

By Richard Tyson I have had a lifelong curiosity regarding the trails and byways of areas throughout the world, and have enjoyed regular hikes that have allowed me to explore high Rocky Mountain vistas, deep slot canyons, sandy desert pathways leading to incredible arches and…

Unemployment, underemployment and the comprehensive jobless rate

By Veronique de Rugy When he testified before Congress recently, Federal Reserve Board Chairman Jerome Powell made an interesting comment: “We don’t have any basis or any evidence for calling this a hot labor market.” He added that “to call something hot, you need to see some…

The cancerous consensus in today’s hyper-politicized Washington, D.C.

By Fareed Zakaria You often hear that in these polarized times, Republicans and Democrats are deadlocked on almost everything. But the real scandal is what both sides agree on. The best example of this might be the defense budget. Recently, the Democratic House, which…