Cover Stories
New solar company promises 3,700 jobs
By Brice Wallace A Lehi-based residential solar provider will add nearly 3,700 jobs over the next two decades as it expands its headquarters operations in Utah and moves to a broader set of home technology offerings. Lumio Inc. made the announcement after being approved for a $40.3 million tax credit incentive from the Governor’s Office of...Report: COVID doubts leading to slowdown of economic boom
August proved to be a slower month for economic growth in Utah, according to new data from the Eccles Economic and Business Surveys. The 500 households in Utah that were surveyed in August stated that they will spend around 2 percent more in the next three months versus the same period in 2019. However, that is down from the 6 percent spending...State loan program bringing aid to ag businesses hurt by drought
By Brice Wallace Utah state government is stepping up to help farmers and ranchers hurt by extreme drought. The Utah Department of Agriculture and Food (UDAF) has established an Emergency Disaster Relief (EDR) loan program to help them with their losses. A total of $5 million was approved by the Governor’s Office of Economic Opportunity (Go...
This Week's Headlines
Biden's vaccine/testing mandates to affect two-thirds of Utah's workforce
An estimated two-thirds of Utah workers — maybe even more — fall under new federal COVID-19 vaccination and testing mandates announced by Pres. Joe Biden recently. The new rules are part of...Biden’s COVID plan means changes to EIDL small-business loan program
As part of stepped up measures by the Biden administration to combat the effects of the COVID-19 pandemic, the U.S. Small Business Administration has announced major enhancements to the COVID...FEMA keeps sending Utah COVID response money - this time $4.1M
The U.S. Federal Emergency Management Administration has approved more than $4.1 million in additional public assistance funding for the COVID-19 response in Utah. The assistance continues to be...UofU Health releases data on effects of long-haul COVID-19 on patients
Doctors from University of Utah Health recently gave an update on the so-called “long-haul” effects of COVID-19. In a virtual news conference, Dr. Jeanette Brown, assistant professor of medicine...New jobs: Cytiva adding 396 and Apogee Worx bringing another 100
Nearly 500 jobs will be added in Northern Utah over the next decade as a pair of companies expand their operations. Therapeutics developer and manufacturer Cytiva will add 396 jobs over 10 years...WTC Utah to receive record STEP Grant
The U.S. Small Business Administration (SBA) has announced that World Trade Center Utah (WTC Utah) will receive a State Trade Expansion Program (STEP) Grant of $1,050,000, a record-high amount....L.A. company acquires SLC’s Enlinx
Whiplash, a Los Angeles-based omnichannel fulfillment center operator, has acquired Enlinx, a third-party logistics fulfillment provider located in West Valley City. Whiplash said the acquisition...Deadline near for SBA Utah earthquake loans
Utah businesses that suffered economic injury due to the local earthquake and aftershocks of March 18 to April 17, 2020, have until Oct. 1 to apply for an SBA federal disaster loan, according to a...Turco to head Xenter division
Salt Lake City-based Xenter Inc. has named Dr. Mark Turco president of Xenter Medical Technologies, a Xenter business unit developing a platform of smart medical devices, initially focusing on...CORPORATE FINANCIAL REPORTS 9-20-21
The following are recent financial reports as posted by selected Utah corporations: Traeger Traeger Inc., based in Salt Lake City, reported a net loss of $4.9 million, or 5 cents per unit, for the...InMoment purchases Lexalytics
InMoment, a cloud-based customer experience data platform based in South Jordan, has acquired Lexalytics of Amherst, Massachusetts. Lexalytics is a business intelligence platform that provides...UTAH STUDY: ‘Wild mushrooms’ rarely are
Do you seek out products that contain “wild mushrooms”? Chances are they really aren’t wild at all. So says a study conducted by researchers from the University of Utah and the Natural History...Succeeding in Your Business: Should your LLC be managed by ‘members’ or ‘managers’?
By Cliff Ennico When setting up a limited liability company for a new business, one of the hardest jobs is figuring out how the company should be managed. In most states, LLCs can be set up in one...Industry Briefs 9-20-21
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....Feeling a little dopey lately? Maybe you're suffering from 'pandemic brain'
More than half of Utahns (52 percent) have suffered from “pandemic brain,” according to survey by Spider Solitaire Challenge. It defined the phenomenon as “the frustratingly subtle, gradual mental...SBA sending invitations for venues to increase their SVOG grants
The U.S. Small Business Administration is going to send invitations to apply for more money to entertainment venues that have received money under the Shuttered Venue Operators Grants (SVOG)...Pluralsight study finds pandemic and remote work cause skills gaps
Pluralsight, a technology workforce development company based in Draper, has released its 2021 “State of Upskilling” report. The report found that technology challenges introduced by the COVID-19...Car prices likely to keep rising due to C-19 surge-induced parts shortages
AP has reported that the hope we felt in the spring of an ease in soaring car prices is dimming. A shortage of computer chips coming from several Asian countries seemed to be improving as the...Lundergan to head UofU hospitals and clinics
Dan Lundergan, the current chief operating officer at University of Utah Health Hospitals and Clinics, has been named the organization’s CEO. He has served as interim CEO since February and steps...Ancestry buys French company
Ancestry, a Lehi-based family history and DNA analysis company, has acquired Geneanet, a leading French genealogy company. The terms of the agreement have not been disclosed. With a European base...
