Archive

PANDEMIC ROYALTY REDUCTIONS: Utah's oil and gas producers are benefiting greatly from a Trump administration policy that reduces royalty payments during the pandemic - but it may be hurting local governments

By John Rogers In response to the COVID-19 pandemic’s effect on the petroleum industry, the U.S. Bureau of Land Management (BLM) has begun a program of reducing lease and royalty payments owed to the government for oil and gas drilling on public lands. And Utah producers seem to…

Keeping the lights on: As long as there's a reliable flow of electricity, our lives go on the way we have come to expect

By Chad Ambrose It’s a hot summer afternoon. The kind of hot where it hurts to cross the asphalt in bare feet. Only a handful of people are in the once-crowded streets of downtown. Movie theaters are bare, and venues sit vacant with all concerts being canceled for the summer.…

Hill Air Force Base completes $42 million upgrade to its electrical energy system in support of 'critical mission needs of warfighters'

More than 250 buildings at Hill Air Force Base near Ogden have undergone upgrades as part of a $42 million solar power project. The Air Force has recently completed construction of the project that will improve energy efficiency and resiliency at the base. “The Hill AFB project,…

Staff

Jun 21

Industry Briefs 6-22-20

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. ACCOUNTING • BKD CPAs & Advisors , based in Missouri, has launched a new Transfer Pricing…

Staff

Jun 21

Editorial Cartoon: Get The Brick

Staff

Jun 21

America's Tariff Man and Lobster King could learn from Confucius

By Veronique de Rugy Apparently, the United States now has a “Lobster King.” This great title was bestowed upon the Trump administration’s trade advisor, Peter Navarro, when the president recently threatened to impose tariffs on European Union cars if the bloc does not drop its…

Major cities like New York are foundering because of bad government

By Fareed Zakaria As New York City begins to open up, I have to admit that I’m excited. I know it will be a very different city for a while, with many aspects of urban life canceled or curtailed. But still, I’m excited. For the past three months the city has felt like an empty…

Fixing the cops will require doing something Democrats have long opposed

By Marc A. Thiessen In the wake of the brutal death of George Floyd, the radical left is demanding that we “defund the police.” That is insanity. The vast majority of police officers are honorable men and women who risk their lives every day to protect our communities. We don’t…

Newsletter 6-15-20

https://slenterprise.com 801-533-0556 --> This week in The Enterprise Monday, June 15, 2020 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…

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 14

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 14

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 14

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 14

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 14

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 14

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 14

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 14

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 14

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 14

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 14