Archive

Utah sets pace among tech firms seeking parity in hiring

By Brice Wallace Utah’s tech community has been a beacon of innovation for years, but it also is at the forefront of pushing for gender diversity inside companies. One effort to boost diversity, the nonprofit organization Parity.org, has received commitments from more than 80…

Orem's VIA Motors partners with Chinese co. to build electric truck

By John Rogers Orem-based VIA Motors International has signed an agreement with China’s Zhejiang Geely New Energy Vehicle Co. Ltd. to co-develop a medium-duty, extended-range electric truck, that will incorporate VIA’s proprietary vehicle software and systems control technology.…

Confidence wanes slightly after record high in December

Utah’s consumer confidence came back to earth a little bit in January after setting records in December. The Zions Bank Utah Consumer Attitude Index (CAI) dipped slightly heading into the new year, decreasing 0.8 points from 118.7 in December to 117.9 in January. The Utah…

Staff

Feb 4

Chamber tabs Hatch 'Giant in Our City'

The Salt Lake Chamber has announced that U.S. Sen. Orrin Hatch, R-Utah, will be honored as the 39th "Giant in Our City" at a chamber event May 3 at the Grand America Hotel in Salt Lake City. The award honors those with exceptional and distinguished service and extraordinary…

Staff

Feb 4

GOED simplifies way rural businesses get tax credits

A state agency has simplified the process of applying for tax credits designed to spur investment and job creation by rural, non-retail small businesses in Utah. The Governor’s Office of Economic Development (GOED) has created an online portal to improve the Enterprise Zone Tax…

Staff

Feb 4

Intermountain Healthcare moving 2,300 workers to management partner

Salt Lake City-based Intermountain Healthcare announced Jan. 24 that it would transfer roughly 2,300 employees to a new employer, saving the institution roughly $70 million over the next three years. The affected employees all work in “nonclinical” positions, said Intermountain…

Staff

Feb 4

Turner named president of Young Living

Young Living Essential Oils of Lehi has named Jared S. Turner as its president and chief operating officer. Turner has been instrumental in growing the company to a billion-dollar business by increasing revenue by over 800 percent over the past five years, the company said in a…

Staff

Feb 4

Corporate Financial Reports - 2-5-18

CORPORATE FINANCIAL REPORTS 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 $114 million, or 54 cents per share, for the fourth…

Staff

Feb 4

Biovation opens new headquarters

A new manufacturing company has opened in Utah catering to the nutraceutical and nutritional supplement industries. Biovation Labs has opened its 104,000-square-foot corporate headquarters and manufacturing facility in West Valley City. {mprestriction ids="1,3"} Launched in…

Staff

Feb 4

Nine prescriptions for the deadly disease of disengagement

By Richard Tyson The unused movie tickets lay on the dining room table alongside a half-eaten TV dinner. It was 9:15 p.m. on a Friday evening when Jane walked through the front door. “I’m sorry,” she said. “But I think I’ve completed the project.” Her husband looked skeptical,…

SpaceX and Uncle Sam shrug off billion-dollar uninsured satellite loss

By Veronique de Rugy Did you know that the government doesn’t insure the cargo it sends into space? That means that when a satellite carrying government cargo explodes during or after launch, taxpayers are left footing the entire bill. This issue has become topical with the…

Staff

Feb 4

Despite everything, we have to be encouraged by Trump the Republican

By Fareed Zakaria Ever since Donald Trump was elected president, I have said that when he did something right, I would say so. That’s gotten me into trouble with some readers, but I’m going to do it again. Recently, at the World Economic Forum, Trump gave a good speech that was…

It’s time to do something about income inequality and depression

By Robert Pembroke Many years ago, while going through my mail, I found a letter from the Internal Revenue Service telling me that our company had won their annual lottery. For the first time ever, our shop was going to be audited by the feds. We had been audited many times by…

Editorial Cartoon: Eminent Domain

Staff

Feb 4

Industry Briefs - 2-5-18

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 • The Utah Ready Mixed Concrete Association has hired Brad Stevenson as executive…

Staff

Feb 4

Newsletter 1-29-18

https://slenterprise.com 801-533-0556 --> This week in The Enterprise Monday, January 29, 2018 Intermountain leading effort to fix drug problem By John RogersFour major U.S. hospital systems — led by Utah’s Intermountain Healthcare — are planning to launch a nonprofit company to…

Intermountain leading effort to fix drug problem

By John Rogers Four major U.S. hospital systems — led by Utah’s Intermountain Healthcare — are planning to launch a nonprofit company to produce generic drugs in what the organization characterizes as a bid to fix a situation where soaring prices and drug shortages have hampered…

Summit makes history with largest Utah tech crowd ever

By Brice Wallace People involved in Silicon Slopes are known for their big ideas and supreme confidence — some might say hubris — but the turnout for the organization’s recent Tech Summit in Salt Lake City left them expressing a combination of pride and shock. {mprestriction…

Unemployment matches lowest rate in December

Utah’s jobless rate dropped by one-tenth of a percentage point in December, matching its low point of 3.1 percent, achieved in March and April of last year. That means that 49,700 Utahns were actively seeking a job in December, according to the Department of Workforce Services.…

Staff

Jan 28

Women Tech Council recognizes firms that have glass ceiling-breaking cultures

Forty-four Utah technology companies have been recognized for “creating and enacting practices and cultures that remove the glass ceiling” for women in tech. The Women Tech Council said its 2018 Shatter List represents the first research of the technology industry to review and…

Staff

Jan 28

Ishaq named CEO at Modere

Modere, a producer and marketer of dietary supplements and household and personal-care products, has announced that Asma Ishaq, president of the company’s Collagen Sciences division and its chief industry relations officer, will become CEO of the company. She succeeds Robert S.…

Staff

Jan 28

Candlelight Homes acquired

The homebuilding operations of Utah’s Candlelight Homes, based in South Jordan, have been purchased by CalAtlantic Homes. The acquisition includes 2,500 homesites in 19 communities, 10 of which are actively selling. The balance of the communities are expected to open in 2019.…

Staff

Jan 28