Archive

Newsletter 11-5-18

https://slenterprise.com 801-533-0556 --> This week in The Enterprise Monday, November 5, 2018 Ski industry expecting strong rebound for upcoming season By Brice Wallace Last year's ski season slipped from record skier visit levels the prior two years, but ski industry officials…

Ski industry expecting strong rebound for upcoming season

By Brice Wallace Last year’s ski season slipped from record skier visit levels the prior two years, but ski industry officials are optimistic that the upcoming season will represent a strong rebound. “I’m looking forward to an awesome ski season,” Nathan Rafferty, Ski Utah’s…

Fewer Utahns think there are plenty of jobs

Fewer Utahns believed that jobs are plentiful in October when compared to September, and as a result, the Zions Bank Utah Consumer Attitude Index (CAI) took a 3.6-point dip for October to 120.5. The CAI has dipped 4.8 points in the past year. In comparison, the national Consumer…

Staff

Nov 5

Port board passes budget, sets up panel of advisors

Despite a temporary pause in September over public concern about the project and an ongoing feud with Salt Lake City Mayor Jackie Biskupski, the Utah Inland Port Authority Board resumed meeting late last month to further the process of establishing the mammoth Salt Lake City…

Staff

Nov 5

Housing affordability a problem for renters but not for owners

Housing affordability continues to be a concern among Utah consumers, according to a newly released study from the Utah Foundation. But the concern depends on the status of your residence. While only 4 percent of homeowners feel their housing is unaffordable, a full 25 percent…

Staff

Nov 5

Goldsmith new CEO, board member at Instructure

Instructure, a Salt Lake City-based software technology company in the education and employee development field, has announced changes in its executive management. Current President Dan Goldsmith has been appointed CEO to replace Josh Coates, who becomes executive chairman of…

Staff

Nov 5

Neeleman's new high-tech, low-fare airline will be based in SLC

JetBlue founder David Neeleman is starting another new airline, reports travel website Skift. And it will be based in Salt Lake City. For now, Neeleman is calling the new carrier Moxy, but he said that probably won’t be the name when it starts flying in 2021. He said the airline…

Staff

Nov 5

Home prices continue climb, up 9.2% in past year

Salt Lake County home prices continued to climb in the third quarter of 2018, according to a report last week from the Salt Lake Board of Realtors. The median single-family home price in the July-through-September period increased to $355,000, up 9.2 percent compared to a median…

Staff

Nov 5

Fields takes over as president of Snowbird

Dave Fields, an 18-year employee of Snowbird who has been the resort’s general manager since 2017, has been named its president. He will retain the title of general manager, the company said. Fields replaces Bob Bonar, who is retiring. Other changes in top Snowbird management…

Staff

Nov 5

MarketView: Industrial, retail lead commercial realty boom

Commercial real estate continues to show no signs of letting up along the Wasatch Front, according to the third quarter MarketView report released recently by the Salt Lake City office of CBRE. The report from the commercial real estate firm said the surge is led by the…

Staff

Nov 5

CORPORATE FINANCIAL REPORTS - 11-5-18

The following are recent financial reports as posted by selected Utah corporations: Extra Space Storage Extra Space Storage Inc., based in Salt Lake City, reported funds from operations (FFO) attributable to common stockholders and unit holders of $160.6 million, or $1.19 per…

Staff

Nov 5

How does a business survive and thrive in this world of risks?

By Richard Tyson From the moment we drew our first breath, we were at risk. And every moment thereafter we have lived in an inherently risky world. Risks are ever-present, and managing risks is something that we all must do. When, as a child, your mother admonished you to look…

Extending the electric vehicle tax credit undermines recent tax reform

By Veronique de Rugy Tax complexity is a breeding ground for government corruption. It’s much easier to add new corporate handouts to a tax code that’s already overrun with favoritism, and it’s simpler for politicians to justify adding narrowly targeted benefits when the…

Democrats have moved left on economics; can they move right socially?

By Fareed Zakaria For those who believe that Donald Trump is a clownish know-nothing who somehow tapped into the mood of the electorate or just got lucky in 2016, the last month has been instructive. Trump has demonstrated uncanny political instincts. When combined with his…

Maybe the public hospital we had in Salt Lake Co. is affordable healthcare model

By Robert Pembroke The inspiration to write this column came while my wife and I were watching the new television series “New Amsterdam.” In the series, New Amsterdam is a public hospital. It is patterned after the present-day Bellevue Hospital in New York City, which is our…

Editorial Cartoon: Migrant Caravan

Staff

Nov 5

Industry Briefs 11-5-18

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. BANKING • The Federal Deposit Insurance Corp. (FDIC) has announced that Len Williams has been…

Staff

Nov 5

Newsletter 10-29-18

https://slenterprise.com 801-533-0556 --> This week in The Enterprise Monday, October 29, 2018 Micron exercises option to buy Intel's stake in Lehi's IM Flash Micron Technology Inc. has announced that it intends to take full control of its IM Flash Technologies joint venture…

Staff

Oct 29

Micron exercises option to buy Intel’s stake in Lehi’s IM Flash

Micron Technology Inc. has announced that it intends to take full control of its IM Flash Technologies joint venture with Intel Corp., including the IM Flash facility that the two companies built in Lehi. The deal’s terms include payment of about $1.5 billion in cash, as well as…

Staff

Oct 28

In Utah, 'angels' continue strong support of startups

By Brice Wallace By just about any measure, Utah’s economy is strong. That certainly applies to angel investing. The 2018 Angel Worx Report on investment activity by angel groups and early-stage venture firms in 2017 shows that Utah investment comprised 86 deals totaling nearly…

SilverVue health reporting company merges with Maine's Mingle Analytics

Sandy-based SilverVue Inc. has merged with Mingle Analytics of South Paris, Maine, to form a new firm with a concentration on healthcare practice reporting. The new entity, to be called Mingle Health, will launch a new all-in-one practice management platform that includes…

Staff

Oct 28

PetIQ acquires Springville-based HBH Enterprises

HBH Enterprises of Springville, a developer and manufacturer of specialty pet supplements and treats, has been acquired by Eagle, Idaho-based PetIQ. The deal includes $500,000 cash, 400,000 shares of PetIQ Class B stock and the repayment of designated HBH debt, according to a…

Staff

Oct 28