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Leasing as an option for equipment financing

It can be hard to know the best financing solution for your business or project. Whether you are expanding your office, manufacturing capacity, transportation fleet or heavy equipment, there are things to consider when deciding whether to buy or lease. There is a lot of…

Staff

Jul 29

SLBJ

Focus

Tariffs' cost to Utah

A study from the U.S. Chamber of Commerce estimates the cost to Utah from our trading partners' retaliatory tariffs at $181.3 million By Brice Wallace Pipe. Pudding. Pork. Makeup prep. What do those products have in common? According to the U.S. Chamber of Commerce, they are…

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Jul 29

GOED mulling ways to improve RFT business aid grant program

By Brice Wallace State economic development officials are considering making changes to a program aimed at helping businesses in rural Utah. The Governor’s Office of Economic Development (GOED) board received a briefing about the proposed changes at its July meeting but did not…

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Jul 29

FZFareed Zakaria Donald Trump

New venue, added films mean bigger impact for Sundance fete

This year’s Sundance Film Festival had a total economic impact of $191.6 million, far above the 2017 figure of $151.5 million. Those stats and more were released recently by the nonprofit Sundance Institute. Y² Analytics conducted the economic impact study and used the…

Unemployment rate stays steady and low in Utah

Utah’s unemployment rate remained unchanged in June at 3 percent, which translates to approximately 48,400 Utahns being unemployed during the month and actively seeking work. Meanwhile, the national jobless rate increased two-tenths of a percentage point to 4 percent. Utah’s…

Petroteq applies for grant from Utah Alternative Energy Initiative

Petroteq Energy Inc., the company that has begun operating an oil sands extraction plant at Asphalt Ridge near Vernal, has applied for a grant from the Alternative Energy Development Initiative, part of Utah’s Energy Action Plan. The program is designed to spur the growth of…

'Yellowstone' will have 2nd season thanks to GOED tax incentives

The Paramount Network has green-lit a second season of its TV series “Yellowstone,” providing Utah with a nearly $28.2 million economic impact. Paramount announced the second season pickup last week. Earlier in July, the Governor’s Office of Economic Development (GOED) board…

Title companies merge

Two Utah family-owned title companies have joined forces. American Secure Title of Morgan has acquired Landmark Title Co., a Salt Lake City-based title agency. Landmark will continue to operate under the same name, although the two agencies have begun to merge their operations,…

Report: Wasatch commercial real estate booming in most major sectors

The Salt Lake City office of commercial real estate firm Newmark Grubb ACRES and investment company Mountain West Commercial have released their joint midyear market report. The report includes analysis from the industrial, office, retail, investment and land real estate sectors…

Gardner brief explains Utah's 3 options to Medicaid puzzle

The Kem C. Gardner Policy Institute at the David Eccles School of Business at the University of Utah has released a policy brief that provides a detailed description of three Medicaid scenarios facing Utahns. The brief describes the possible solutions to the Medicaid puzzle…

Millennials becoming homebuyers

Millennials constantly hear that time is on their side, but for the first decade of their adult lives they have been the victims of bad timing. According to a new study from Bank of the West, over the past decade, millennials saw the devastating effects of a market downturn. The…

CORPORATE FINANCIAL REPORTS - 7-30-18

The following are recent financial reports as posted by selected Utah corporations: Zions Zions Bancorporation, based in Salt Lake City, reported net earnings applicable to common shareholders of $187 million, or 89 cents per share, for the second quarter. That compares with…

What goes around comes around: Tariffs stuck on the spin cycle

By Veronique de Rugy American firms cheering for protectionism in the form of tariffs on their foreign competitors should be careful what they wish for. As they say, “What goes around comes around.” Case in point: The American washer and dryer manufacturer Whirlpool Corp. Last…

U.S.-Russian relations might have been destined to deteriorate

By Fareed Zakaria Donald Trump’s press conference before he left Helsinki was the most embarrassing performance by an American president I can think of. And his preposterous efforts to talk his way out of his troubles made him seem even more absurd. But what has been obscured by…

Jul 29

Industry Briefs

Industry Briefs - 7-30-18

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. ASSOCIATIONS • AARP recently announced the recipients of its 2018 AARP Community Challenge…

Collusion with Stalin

Newsletter 7-22-18

https://slenterprise.com 801-533-0556 --> This week in The Enterprise Monday, July 23, 2018 Inland port bill sails through Legislature Amended law shrinks boundaries, provides for affordable housing By John Rogers Salt Lake City Mayor Jackie Biskupski opted to sit out the…

JRJohn Rogers Salt Lake

Inland port bill sails through Legislature

Amended law shrinks boundaries, provides for affordable housing By John Rogers Salt Lake City Mayor Jackie Biskupski opted to sit out the negotiations that crafted changes to the law creating an inland port in her city’s Northwest Quadrant. But when the Utah Legislature met in…

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GOED adds $$$ to Beaver County project

FORGE geothermal project gets significant infusion for infrastructure development in form of state 'economic opportunity grant' money By Brice Wallace The Governor’s Office of Economic Development (GOED) is pitching in funds to advance a geothermal energy…

Oil sands process game-changer?

Uintah Basin refining plant up and running with an extraction process owners say is clean and efficient By John Rogers There are trillions and trillions of barrels of oil locked up in the Earth’s oil sands. Trouble is, the only way to access these massive petroleum deposits has…

CPI has biggest yearly jump in its 7-year history

The cost to live along the Wasatch Front took its biggest year-over-year jump in June since the statistic has been formally measured. The Zions Bank Wasatch Front Consumer Price Index (CPI) increased 0.9 percent from May to June, bringing the rise in the past year to 5.1…

GOED incentive hopes to keep 'Yellowstone' production in Utah

Yellowstone is not in Utah, but state officials are working to keep “Yellowstone” here. The Governor’s Office of Economic Development (GOED) board, at its July meeting, approved a $7 million tax credit incentive for Viacom as a way to keep the Paramount Network TV series…

New replaces old in Farmington

Several retailers have closed up shop in recent months in the Station Park retail and office park in Farmington, but developers are filling the void with new tenants. Station Park owners blame the closures mostly on nationwide shutdowns of retailers and restaurants. “As a result…

Cirrus opening 224,000-sq.-ft. data center

Cirrus Data Services, a subsidiary of Salt Lake City-based real estate development and investment firm Gardner Co., has begun development of the first phase of its View 78 Data Center campus in Midvale. The data colocation facility will include a 32-megawatt wholesale and…

Staff