Archive

Nikola adds watercraft to growing family of electric vehicle products

By John Rogers First came an electric two-seat ATV, then its signature over-the-road electric truck. Now Nikola Motor Co. of Salt Lake City has added an electric personal watercraft to its lineup with the acquisition of Free Form Factory Inc. of Sacramento, California. Terms of…

September dips, but home prices remain strong

Home prices in the Salt Lake City market took a small step backward from August to September but are still ahead for the year. On a month-over-month basis, the average selling price of a northern Utah home dropped 0.7 percent, according to the CoreLogic Home Price Index (HPI)…

Staff

Nov 19

Tolero Pharmaceuticals opens Lehi headquarters

Tolero Pharmaceuticals Inc., a medical technology company focused on developing treatments for hematological diseases, has opened its new headquarters in Lehi. Company officials, including CEO and founder David J. Bearss, joined state and local officials and a leadership team…

Staff

Nov 19

Carta bringing 464 jobs to Utah

Brice Wallace A financial technology company will add up to 464 jobs in Utah during the next five years, outnumbering its current headquarters headcount. Carta, which offers an online platform converts paper stock certificates into electronic shares and allows company to manage…

Staff

Nov 19

Development continues at Lindon tech center

WI Commercial Properties (WICP), a privately held developer based in Tampa, Florida, continues the development of Mountain Technology Center in Lindon. The 55-acre campus sits west of the Pleasant Grove Boulevard freeway interchange. The mixed-use development will feature…

Staff

Nov 19

HotDocs sold to San Diego's AbacusNext

HotDocs, an Edinburgh, Scotland-based provider of document automation software with American headquarters in Lehi, has been sold to AbacusNext, a San Diego-based technology-as-a-service supplier to the professional services industry. HotDocs serves the legal, banking, insurance,…

Staff

Nov 19

Need a good-paying job? Snap Inc. is bringing 50 that average $470K

By Brice Wallace A camera technology company will expand in Utah with dozens of high-paying jobs, and state officials are saying the project is picture-perfect for the state. Snap Inc., a California-based company that offers Snapchat, a camera application allowing people to…

There's a better way to control healthcare costs than mandating drug prices

By Veronique de Rugy Most Republicans are rightfully counting on their reduction of the corporate income tax rate to lift stagnant wages. They should also continue to fight for a higher standard of living for all by reforming healthcare, hence lowering its costs. That requires…

Staff

Nov 19

Strongmen operate by a standard and the Saudi prince is no different

By Fareed Zakaria The news out of Saudi Arabia has been startling. A country famous for its stability to the point of stagnation is watching a 32-year-old crown prince arrest his relatives, freeze their bank accounts and dismiss them from key posts. But on closer examination, it…

Let's help millennial entrepreneurs by teaching them importance of tax cuts

By Robert Pembroke My wife and I have a whole bunch of millennial grandchildren (two) and have yet to see them out manning the barricades for lower taxes. Yet studies have shown that 62 percent of millennials — which is a much higher number than in the past — want to start a…

Important business principle: 'None of us are as smart as all of us'

By Doug Andrew How do we move forward after setbacks, turning challenges into springboards for future progress? How do we improve efficiencies and teamwork within our companies? Over the years, I’ve cultivated comprehensive strategies for addressing critical questions like…

Editorial Cartoon: I Paid For This Microphone

Staff

Nov 19

Industry Briefs - 11-20-17

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. AGRICULTURE • The Rio Grande Winter Market, a project of Urban Food Connections of Utah, has…

Staff

Nov 19

Corporate Financial Reports - 11-20-17

The following are recent financial reports as posted by selected Utah corporations: Huntsman Huntsman, with main offices in Texas and Salt Lake City, reported net income of $179 million, or 60 cents per share, for the third quarter ended Sept. 30. That compares with $64 million,…

Staff

Nov 19

Newsletter 11-13-17

http://slenterprise.com 801-533-0556 --> This week in The Enterprise Monday, November 13, 2017 Plenty of opportunity for local businesses as airport is remade By Brice WallaceWhile still years away from being completed, the remaking of the Salt Lake City International Airport is…

Caritas Quarterly

Caritas Quarterly is a spotlight on local charities Know of a charity that would like to be included in an upcoming issue of Caritas? Submit your recommendation to david.g@slbusinessjournal.com Become a sponsor of Caritas, help our local charities. For more information email…

Staff

Nov 12

Plenty of opportunity for local businesses as airport is remade

By Brice Wallace While still years away from being completed, the remaking of the Salt Lake City International Airport is expected to mean a smoother, better transportation experience for airline passengers. In the meantime, the project means financial opportunities for local…

Partnership buys three coal mines, controls bulk of Utah production

Ohio-based Murray Energy Corp., owner of the Lila Canyon Coal Mine in Carbon County, is leading a new partnership to purchase three Utah mines that account for the bulk of coal production in the state. The Sufco, Skyline and Dugout Canyon mines, which employ approximately 850 in…

Staff

Nov 12

Symantec division acquisition triples size of DigiCert

DigiCert Inc., a Lehi-based global provider of scalable identity and encryption solutions for business, has made major waves in the digital security sector with its acquisition of the website security and public key infrastructure (PKI) operations of cybersecurity giant Symantec…

Staff

Nov 12

Academy acquires California mortgage firm

Napa, California-based Del Sur Mortgage has become a division of Academy Mortgage, one of the nation’s largest independent mortgage lenders, headquartered in Salt Lake City. Academy now has 330 branched nationwide. Terms were not disclosed. “We couldn’t be more excited to join…

Staff

Nov 12

Zions maintains lead as top Utah District SBA lender

Zions Bank has again been named the top provider of U.S. Small Business Administration (SBA) 7(a) loans in the Utah District. The 2017 fiscal year represents the 24th consecutive year for Zions to be the top lender in the district. During the fiscal year, which ended Sept. 30,…

Staff

Nov 12

SLC Sears store to close

The Sears store at 754 S. State St. in Salt Lake City is one of 18 stores across the nation that have fallen victim to the latest round of store closings by Sears Holdings, the parent company of Sears and Kmart stores. The Sears Auto Center at the location will close in early…

Staff

Nov 12