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This week in Salt Lake Business Journal

Sunday, May 19, 2024

financial news

Utah continues in the running to keep Sundance

FULL BID DETAILS DUE TO INSTITUTE BY JUNE 21Utah has made the first cut in its quest to keep the Sundance Film Festival in the state. The Utah Film Commission through its Sundance Film Festival Host Committee has announced that it has received the opportunity from the Sundance In...

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Incentives mean manufacturing jobs for Tooele, Heber Valley

Brice Wallace  A mining equipment manufacturer will add 58 jobs in a project in Tooele, while a gun maker will add 25 jobs in Heber Valley.The announcements by Minova USA Inc. and Mountain Billy Gun Lab LLC followed the companies being approved for state tax incentives by th...

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financial news

CONSUMER SENTIMENT DROPS BELOW NATION FOR SECOND MONTH

The index that measures Utahs consumer sentiment fell again in April, according to the Kem C. Gardner Policy Institutes Survey of Utah Consumer Sentiment. The index decreased by 2.2 percent, from 78.0 in March to 76.3.A similar survey by the University of Michigan found that sent...

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SEG to build NHL practice facility on site of Shops at South Town

The Smith Entertainment Group (SEG), owner of the new Utah National Hockey League franchise, has announced that it is buying the Shops at South Town in Sandy and will build the teams practice and training facility on the 111-acre site. SEG said it expects to complete the facility...

Salt Lake Lumber building sold and will undergo renovation

VanTrust Real Estate, a Kansas City-based commercial real estate and development company, has purchased the historic Salt Lake Lumber building on 400 West in downtown Salt Lake City. The firm plans to transform the turn-of-the-century building into leasable contemporary office sp...

Myriad reorganizes European ops, sells Endopredict business unit

Salt Lake City-based Myriad Genetics Inc., a biotechnology company specializing in genetic testing, has announced the reorganization of its European operations, putting more emphasis on its domestic business while continuing to serve key biopharma partners and patients outside th...

Home prices up in most metros

More than 90 percent of metro markets (205 out of 221) posted home price gains in the first quarter of 2024, as the 30-year fixed mortgage rate ranged from 6.6 percent to 6.94 percent, according to the National Association of Realtors latest quarterly report. Thirty percent of th...

Savage acquires Houston's Texon

Savage, a global provider of supply chain infrastructure and solutions based in Salt Lake City, has acquired Texon, a Houston-based midstream service provider of butane blending and energy marketing. Texon will continue to operate under its legacy brand with no disruption for its...

Utah is best state in the U.S., says 2024 Best States rankings from U.S. News

For the second year in a row, Utah has been ranked the best state in the U.S in the 2024 Best States rankings by U.S. News & World Report. The news magazine evaluated all 50 states to capture how states best serve their citizens across a range of categories, including healthc...

Rubicon buys Lucky Spoon Bakery

Rubicon Bakers, a Richmond, California-based baking company, has acquired Lucky Spoon Bakery in Salt Lake City. Founded in 2010, Lucky Spoon manufactures gluten-free sweet bakery goods. Lucky Spoons products " which include cakes, cupcakes, cookies, brownies and more " can be fou...

Packsize names Lockwood new CEO

Packsize, a Salt Lake City-based custom packaging company, has named David Lockwood, currently the executive chairman of the companys board of directors, as its new CEO. He succeeds Rod Galloway, who is retiring. Galloway will continue with the company as a senior consultant.Lock...

CORPORATE FINANCIAL REPORTS 5-20-24

The following are recent financial reports as posted by selected Utah corporations: PurplePurple Innovation Inc., based in Lehi, reported a net loss of $50.2 million, or 47 cents per share, for the first quarter ended March 31. That compares with a loss of $25.9 million, or ...

financial news 13

WORK DAZE: Does working remotely make you lonely? Become a boss-sitter

Bob Goldman Whats the best part of being a remote worker?Beyond the advantages of a daily commute that consists of shuffling between your bedroom and your kitchen table, where you can labor comfortably through the day in your bathrobe and bunny{show accesslevels="Guest"} Please l...

Calendar Highlights

Calendar listings are provided as a free service to our readers. Information about upcoming events may be sent to brice.w@thecityjournals.com. The submission deadline is one week before publication. See the full calendar.

2024 Utah Aeronautics Conference - May 20-22
A gathering for pilots, airplane mechanics, airport managers and engineers, transportation planners, aviation students, community advocates, policymakers, and other professionals working in Utahs aviation community and focused on safety, best practices and meaningful collaborations. Keynote speakers are former U.S. Rep. Chris Stewart and Brandon Fugal, board member of the Utah Aerospace & Defense Association, EYs Entrepreneur of the Year, and owner of Skinwalker Ranch. Event also includes a career fair, hands-on training, interactive breakout sessions, and mobile tours. Theme is Life Elevated. Location is Davis Conference Center, Layton. Cost is $150 through May 10, $175 thereafter; $65 for students. Details are at https://utahaero.com/.


Crossroads of the World International Trade Summit - May 23
A World Trade Center and Zions Bank invitation-only event featuring information on market diversification, supply chain resilience, and global monetization and economic trends. Location is Grand America Hotel, 555 S. Main St., Salt Lake City. Details are at https://www.wtcutah.com/tradeevents/crossroads-of-the-world-international-trade-summit-2024.


Second Annual Cybersecurity Summit - June 6
A CRA event designed to connect C-suite and senior executives responsible for protecting their companies critical infrastructures with solution providers and information security experts. Event features keynote presentations and panel discussions titled Defining Cybersecurity-Readiness: How Do You Evaluate Yours?; 2024 & The Biggest Threats to Your Business; and Conceptualizing Cloud Security & Why It Matters Today. Location is Sheraton Salt Lake City Hotel, 150 W. 500 S., Salt Lake City. Cost is $250, $195 for government attendees. Details are at https://cybersecuritysummit.com/summit/saltlakecity24/.


SheMoney Summit 2024 - June 6
A gathering focused on womens financial wellness, agency and advancement. Topics include societal, historical and technological perspectives on money, financial health and trauma, investment strategies, negotiation skills, entrepreneurship, and other money-related topics. Location is Hyatt Regency in Salt Lake City. Cost is $349. Details are at https://www.shemoneysummit.com/about-she-money-summit-2024.