Archive

HealthEquity growing again, expanding and adding positions

By Brice Wallace HealthEquity Inc. just keeps growing and growing. The nation’s largest health savings account (HSA) non-bank custodian will grow by 550 jobs over the next seven years in Draper, where it has its headquarters. The company will be eligible for a state tax credit…

SoFi pays $1.2 billion for Galileo Financial

Galileo Financial Technologies, a financial technology company based in Salt Lake City, has been acquired by Social Finance, marketed under the moniker SoFi. San Francisco-based SoFi is a digital personal finance operation. Galileo is a portfolio company of Mercato Partners…

Staff

Apr 18

First founders graduating from Master of Business Creation program at UofU

The University of Utah’s David Eccles School of Business and the Lassonde Entrepreneur Institute will graduate the first class from their Master of Business Creation (MBC) program at the end of the spring semester. The program dubs its first graduates as “founders.” The…

Staff

Apr 18

Nelnet Bank will hire 52 at Draper HQ

By Brice Wallace An industrial bank recently approved to operate in Utah will open an office in Draper that will serve as its headquarters for its banking operation. Nelnet Inc. will create up to 52 jobs over the next five years, with the positions paying an average of $129,000…

Canadian composites manufacturer coming to St. George with 358 new jobs

By Brice Wallace A Canadian company that specializes in composite utility poles will set up a manufacturing facility and office in St. George to better serve the West Coast market, bringing up to 358 jobs over the next seven years. RS Technologies Inc., based in Calgary,…

Alpine acquires assets of Great Lakes Airlines

Provo-based Alpine Air Express Inc., a logistics and transportation company providing regional air cargo services in the Intermountain region, has acquired the assets of defunct Great Lakes Airlines. The assets include 27 airplanes and associated engines, propellers, spare parts…

Staff

Apr 18

Oil prices force cutback at Petroteq Vernal oil sands extraction facility

Petroteq Energy Inc. has reduced its production staff and reduced operations at its Asphalt Ridge soil remediation and heavy oil extraction processing facility near Vernal to one shift. The move comes in response to the precipitous drop in oil prices worldwide due to market…

Staff

Apr 18

Here are answers to the most common PPP-related questions

The process has begun for businesses to apply to lenders for U.S. Small Business Administration-backed loans under the Paycheck Protection Program (PPP) established by the Coronavirus Aid, Relief and Economic Security Act (CARES Act) passed in late March by Congress and signed…

Staff

Apr 18

UTAH COUNTY UPDATE: Provo: Take care of today but keep our eyes on the future

Provo Mayor Michelle Kaufusi and other state and local offi cials break ground for the new terminal at the Provo City Airport in November 2019. Mayor Kaufusi stands watch as crews raze Provo's old city center that was built nearly 50 years ago. The new164,000-square-foot center…

Legal Matters: Explaining the Families First Coronavirus Response Act

By John D. Walch The Families First Coronavirus Act (H.R. 6201) is the Congressional response to the economic consequences caused by the novel coronavirus disease (COVID-19) outbreak. It requires certain employers to offer additional FMLA and sick leave (some of it paid) and…

Succeeding in Your Business:

By Cliff Ennico One outcome of the COVID-19 pandemic and resulting economic shutdown is something I never would have thought possible 45 days ago. I have developed sympathy for politicians. Politicians of every stripe: federal, state, local, Republican, Democrat — makes no…

Editorial Cartoon: What Vote?

Staff

Apr 18

Industry Briefs 4-20-20

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. DIVIDENDS • NASDAQ has set the ex-dividend date for Overstock.com Inc. ’s digital dividend.…

Staff

Apr 18

Surface-level public policy prescriptions exacerbate the pandemic

By Veronique de Rugy A pandemic is not the time for imprudent public policies. Unfortunately, the COVID-19 crisis, like many earlier ones, has resuscitated some seriously flawed ideas. I fear we may see two such notions implemented within the next few days or weeks. One such…

C-19 death projections keep going down, but we're only guessing

By Fareed Zakaria Something important is happening as the coronavirus crisis continues. Estimates of its lethality keep going down. On March 31, the White House estimated that, even with social distancing policies in place, between 100,000 and 240,000 Americans would die of…

Newsletter 4-13-20

http://slenterprise.com 801-533-0556 --> This week in The Enterprise Monday, April 13, 2020 Construction industry staying busy, still looking for workers By Brice Wallace With the COVID-19 pandemic dampening or shutting down entire industries throughout Utah and the nation, one…

Construction industry staying busy, still looking for workers

By Brice Wallace With the COVID-19 pandemic dampening or shutting down entire industries throughout Utah and the nation, one remains relatively healthy: construction. During a recent webinar focused on the virus’ impact on the real estate industry, Rich Thorn, president and CEO…

EDCUtah: You bet COVID-19 has negative impact on Utah business

By Brice Wallace The Economic Development Corporation of Utah has released the results of a survey of Utah businesses about the early impacts of the COVID-19 virus, showing 92 percent of respondents have experienced at least “somewhat negative” impacts. The survey, sent out…

COVID-19 Updates 4-13-20

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

Apr 12

Paycheck Protection Program for businesses affected by coronavirus

The U.S. Small Business Administration Utah District office has geared up to help Utah small-business owners navigate through the process of obtaining help from the agency’s $349 billion Paycheck Protection Program that was created by the Coronavirus Aid, Relief and Economic…

Staff

Apr 12

#TestUtahChallenge aims to double C-19 testing, gather citizen data

Gov. Gary Herbert has announced an ambitious initiative in partnership with Silicon Slopes Serves to double the state’s COVID-19 testing capacity and gather data from each Utah citizen to help health officials better combat the virus. The Silicon Slopes Serves initiative is…

Staff

Apr 12

AG, online retailers launch program to combat COVID-19 price gouging

Utah Attorney General Sean D. Reyes and online marketplaces KSL Classifieds, Amazon, eBay and Facebook have announced a partnership aimed at monitoring and combating price gouging related to COVID-19. The attorney general’s office will partner with the Utah Division of Consumer…

Staff

Apr 12