Archive

State charters first new bank since 2008

The Utah Department of Financial Institutions has issued charter approval for a new bank in the state for the first time since 2008. The bank, Square Financial Services, is expected to launch in 2021. It will operate independently, as a direct subsidiary of Square Inc. According…

Staff

Mar 29

BioFire's COVID-19 test gets emergency go-ahead

Salt Lake City-based BioFire Defense, a division of Paris-based bioMérieux, has received emergency use authorization from the U.S. Food and Drug Administration of its COVID-19 test for use in Centers for Medicare and Medicaid Services-approved, moderate- and high-complexity…

Staff

Mar 29

Slingshot appoints president

Orem-based Slingshot, developer and market of customer engagement software for home service providers, has appointed Jon Soldan as president and chief operating officer. The company also named Steve Books as chief technology officer. “Slingshot’s unique business model helped the…

Staff

Mar 29

Virus hurting nonprofits, too

The mission and success of Utah’s nearly 10,000 nonprofits have been made extremely challenging by the outbreak of the COVID-19 virus and its spillover into the financial markets. That’s according to a recent survey conducted by the Utah Nonprofits Association (UNA) among its…

Staff

Mar 29

Coronavirus will mean 'new normal' for startups looking for capital

By Brice Wallace Utah startups looking for investors will face a “new normal” over the next couple of years. That is the consensus of some investment leaders who gathered recently for a webinar about the “weathering the storm” in the midst of the coronavirus. They said startups…

CORPORATE FINANCIAL REPORTS 3-30-20

The following are recent financial reports as posted by selected Utah corporations: Clarus Clarus Corp., based in Salt Lake City, reported net income of $12.4 million, or 40 cents per share, for the fourth quarter ended Dec. 31. That compares with $3.5 million, or 12 cents per…

Staff

Mar 29

Succeeding in Your Business: Choosing the right way to account for your small-business sales

By Cliff Ennico “Last year I started a business selling on eBay. I’m doing my taxes now and my accountant is telling me I have to choose between the ‘cash’ and ‘accrual’ methods of accounting. Frankly, I haven’t been doing any accounting as such. When people pay me, I just…

How your business can survive the coronavirus and other crises

By Richard Tyson With the recent developments regarding the COVID-19 pandemic, I’ve hearkened back to other occasions in coaching CEOs over the past three decades. Over those years, I have come to understand that no one escapes trials and tragedies. Although we strive for…

What you need to know about getting an SBA COVID-19 disaster loan

Are SBA’s resources available during the COVID-19 crisis? Answer: “The health and safety of our employees is our number one priority. SBA has deployed technology solutions to assist small businesses with any of their needs while also ensuring the safety of our staff and adhering…

Staff

Mar 29

Editorial Cartoon: Go To Your Room

Staff

Mar 29

Industry Briefs 3-30-20

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. ECONOMIC INDICATORS • Utah is the No. 17 most-targeted state in the U.S. for robocall phone…

Staff

Mar 29

Coronavirus pandemic seems to be infected by a spirit of generosity

By Veronique de Rugy While many of us turn to the government for answers to the COVID-19 pandemic, others rightfully seek solutions from the private sector. Recently, the Hoover Institution’s Russ Roberts asked his many twitter followers to help “create a list of voluntary…

Maybe it's time we start practicing economic distancing from China

By Marc A. Thiessen Americans are practicing social distancing to stop the spread of the coronavirus that the Chinese regime’s lies and mismanagement unleashed onto the world. It may also be time to start practicing social — and economic — distancing from China as well. China’s…

Newsletter 3-23-20

https://slenterprise.com 801-533-0556 --> This week in The Enterprise Monday, March 23, 2020 PUBLISHER'S NOTE: Due to the current concern over the spread of COVID-19 (coronavirus) along with the directives of the governor's office and the Utah Department of Health, many of our…

Staff

Mar 23

PUBLISHER'S NOTE:

Due to the current concern over the spread of COVID-19 (coronavirus) along with the directives of the governor's office and the Utah Department of Health, many of our readers are now working from home and do not have the opportunity to read The Enterprise that is delivered to…

Staff

Mar 23

Zion Park shuttle conversion could make Utah an EV leader

By Brice Wallace A project aimed at bringing electric shuttle vehicles to the east section of Zion National Park is being seen as key to helping not just transportation but economic development there and in surrounding areas. Utah Clean Cities last year was awarded a U.S.…

Clark named GOED board chair

The Governor’s Office of Economic Development (GOED) board is undergoing some changes, including the departure of its chairman who has served on the board for more than two decades. Jerry Oldroyd served on the board for 21 years, most recently as chairman. His time on the board…

Staff

Mar 23

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

Mar 23

So. Jordan's AgilePQ acquires Seattle firm

AgilePQ, a South Jordan-based software company providing data security for the Internet of Things, has acquired Centri, a cybersecurity company based in Seattle. “Centri’s technology is a force multiplier with AgilePQ,” said Paul Clayson, CEO of AgilePQ. “Centri and AgilePQ have…

Staff

Mar 23

Clarus buys California protective case maker

Salt Lake City-based Clarus Corp., a global holding company focused on the outdoor and consumer industries, has acquired privately held S.K.B. Corp. for $85 million in cash and 1,153,846 shares of Clarus common stock. Based in Orange, California, S.K.B. will continue to operate…

Staff

Mar 23

UTOPIA Fiber completes $23M buildout in Layton

UTOPIA Fiber, the fiber cable service provider serving much of Northern Utah, has announced that it has completed its fiber-to-the-home project in Layton, making the service available to nearly 80,000 homes and businesses. Completion of the $23 million project, which began in…

Staff

Mar 23

Utah approved for SBA loans for businesses impacted by coronavirus

The Utah Governor’s Office of Economic Development, along with Utah’s congressional delegation, the state Emergency Management Division and the governor’s office announced last week that businesses impacted by coronavirus in all 29 counties in the state are now eligible to apply…

Staff

Mar 23