Archive

Crisis leadership as important as making physical adjustments

By Brice Wallace As the impacts of COVID-19 became apparent to business leaders, many had to scramble to address their practical aspects: setting up remote work for employees, meeting state guidelines on social distancing, figuring out how to safely accommodate customers. But,…

Not enough to worry about? Add people's mental health to mix

By Brice Wallace Business owners and executives who fret about the success of their companies have had a new layer of pressure in recent weeks. While focused on the financial health of their companies, many are trying to cope with their own mental health and that of their…

COVID-19 Updates: Cancellations and postponements

The following are events that have been included in The Enterprise Calendar listings and subsequently have been postponed or canceled, or have been removed from the organizers’ website calendars. This is not a complete list of postponements or cancellations. Check with…

Staff

Jun 13

New bill gives businesses flexibility with use & repayment of PPP loans

Congress has passed and Pres. Trump has signed legislation giving small-business owners who received loans through the Paycheck Protection Program more flexibility and time to use COVID-relief loan money. Nearly 48,000 businesses in Utah received $5.2 billion in loans through…

Staff

Jun 13

SNAP recipients receive extension of maximum allotment benefits

The Utah Department of Workforce Services will extend the issuance of additional Supplemental Nutrition Assistance Program (SNAP) benefits up to the maximum allotment based on household size through June. The Families First Coronavirus Response Act program was previously…

Staff

Jun 13

State's mailing bureau sending masks for 'A Mask for Every Utahn' project

In response to the coronavirus pandemic, State Mail & Distribution Services (SMDS), which is an agency of the Utah Division of Purchasing and General Services, has joined forces with the Utah Manufacturers Association to mail face masks to Utah residents as part of the “A Mask…

Staff

Jun 13

PPP loan approvals equal 30 years of regular annual SBA loans in Utah

If you think Payroll Protection Program (PPP) loans to small businesses in Utah have made a significant impact, you’re right. The U.S. Small Business Administration Utah District Office has announced that by the end of May, nearly 48,000 PPP loans had been approved totaling…

Staff

Jun 13

Higher education institutions join in ProjectProtect to sew 5M masks

During May, all of Utah’s institutions of higher education joined other nonprofits and charitable organizations in addressing the national shortage of personal protective equipment. Through these efforts, ProjectProtect reached its goal to produce 5 million medical-grade masks…

Staff

Jun 13

Some people confused, throwing stimulus debit cards in the trash

There are three methods that the IRS has used to distribute economic impact payments, commonly referred to as stimulus checks, mandated by Congress through the Coronavirus Aid, Relief and Economic Security (CARES) Act. Most either had funds directly deposited in their bank…

Staff

Jun 13

Shaw buys Emery Co. solar project

D.E. Shaw Renewable Investments (DESRI) of New York City has acquired the Hunter Solar project in Emery County from power marketing and development company Community Energy of Radnor, Pennsylvania. DESRI also said it has closed on financing and a tax equity commitment for the…

Staff

Jun 13

SBA Utah office releases FY 2019 annual report

The U.S. Small Business Administration Utah District Office has released its Fiscal Year 2019 Annual Report, which touts its accomplishments since June 2019. “During FY2019, the UTDO assisted numerous small businesses by providing financial assistance, counseling and contracting…

Staff

Jun 13

Mortensen to succeed retiring van der Have at Ascent C.U.

Brock R. Mortensen has been named to succeed Vickie van der Have as president and CEO of Ascent Credit Union in Ogden. July 1 has been announced as the effective date for the transition. Mortensen moves into his new job from his position as executive vice president of the credit…

Staff

Jun 13

Mercato Partners announces $90M Savory Fund I to develop restaurant concepts

Salt Lake City-based capital investment firm Mercato Partners has announced a new fund that will invest primarily in promising new restaurant concepts. Dubbed the Savory Fund, the investment project will have an initial capitalization of $90 million. “This new fund of $90…

Staff

Jun 13

CORPORATE FINANCIAL REPORTS 6-15-20

The following are recent financial reports as posted by selected Utah corporations: HealthEquity HealthEquity Inc., based in Draper, reported net income of $1.8 million, or 3 cents per share, for the first quarter ended April 30. That compares with $41.8 million, or 65 cents per…

Staff

Jun 13

UTAH COUNTY UPDATE: Economic development is the engine that drives everything

By Tom Westmoreland We are currently in a recession. The reasons for the recession are not important for this article but it is a fact that the recession is not a natural, market-driven variety. There have been and will continue to be efforts to stimulate the economy and provide…

Succeeding in Your Business: Some rules of thumb when considering bankruptcy

By Cliff Ennico Last week’s column on the new small-business bankruptcy law (known as Subchapter V) generated a ton of email responses, most of which asked for guidance on whether a small business should consider a bankruptcy filing under the new law as opposed to toughing it…

Those COVID-19 scams are out there; here's how to steer clear of them

By Gary Owen The coronavirus has put a financial strain on many families and businesses. The government, financial institutions and other organizations are rallying to support those in need. As more support is offered to Americans and businesses that are struggling financially,…

Editorial Cartoon: Shut The Hell Up

Staff

Jun 13

LEGAL MATTERS: Utah Construction Update

With the summer of 2020 upon us, construction throughout the state has been largely unaffected by COVID-19. As coronavirus limitations were imposed, construction was deemed essential. In early April, OSHA released project site guidelines for protecting construction workers and…

Staff

Jun 13

BUSINESS TECH: Quick steps to improve cybersecurity when working from home

By Bahar Ferguson Do you need to work from home but not sure where to really begin? Especially in this climate with illnesses and stressors everywhere, people need to be able to work from the safety and privacy of their own home as though they were working from the office.…

Industry Briefs 6-15-20

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. AGRICULTURE • The 29th season of the Downtown Farmers Market opened June 13 at Pioneer Park,…

Staff

Jun 13

Is wealth redistribution called universal basic income worth the cost?

By Veronique de Rugy Spain is the latest country talking about adopting a universal basic income, or UBI, program in response to the COVID-19 pandemic. Many libertarians, including myself, have always been open to the idea of moving away from traditional welfare programs to cash…