Cover Stories
Financial services firm Earnest bringing up to 500 new jobs
A private financial services company has selected Utah for an expansion project, bringing up to 500 jobs to the state over the next five years. Earnest, based in San Francisco, announced the project last week after being approved for a tax credit incentive of up to $2.8 million by the Governor’s Office of Economic Development (GOED) board. The $5.6 million project represents the first major...Envision Utah report cautions on Point of the Mountain's future
By Brice Wallace Without proper planning, the Point of the Mountain area is on a course that could prompt economic trouble for the state. That’s a conclusion of a recent report compiled by Envision Utah and released by the Point of the Mountain Development Commission that indicates that by 2050, conditions in the area would be so severe that both companies and workers would look elsewhere....People's Bancorp buys seven Utah Banner locations
People’s Utah Bancorp (PUB) is growing, having recently announced plans to acquire seven Banner Bank branch locations in Utah. PUB announced that its banking subsidiary, People’s Intermountain Bank (PIB) has signed a purchase and assumption agreement to acquire roughly $260 million in loans and the seven branches from Banner Corp.’s banking subsidiary Banner Bank. The branches have...
This Week's Headlines
Board member: Reservations at national park 'a huge mistake'
By Brice Wallace The notion of requiring reservations for all Zion National Park visitors is “a horrible idea” and “a huge mistake” that would hamper park visitation and nearby businesses. That’s the conclusion of Steve Neeleman, a member of the...CHG opens world headquarters
Utah-based CHG Healthcare, the nation’s largest privately held healthcare staffing company, has opened its new headquarters in Midvale. The 282,000-square-foot campus — located off I-15 and 7200 South — consists of two five-story buildings...Consumer prices continue to inch upward in Utah
Summer rates for water and sewer were the major contributors to a small uptick in consumer prices along the Wasatch Front from June to July. The Zions Bank Wasatch Front Consumer Price Index (CPI) rose 0.2 percent from the previous month. The...Huftalin named Chamber's Athena winner
The Salt Lake Chamber has named Salt Lake Community College president Deneece Huftalin as its 2017 Athena Leadership Award recipient. According to a release from the organization, the Athena Leadership Award is a national award presented annually...Utah is best place in U.S. for growing old
Utah is the best state in which to grow old, according to a new Caring.com report. The study ranked all 50 states in 13 financial, healthcare and quality-of-life categories focused on senior care. Iowa, South Carolina, Washington, Nebraska,...MSEC shortens name
Nearly two years after the merger of Utah’s Employers Council with the Mountain State Employers Council, the combined entity has announced that it has shortened its name to Employers Council to reflect the organization’s overall geographic...STEM Action Center unveils new tool to drive kids' interest in sciences
A new vehicle will soon hit the road, trying to steer Utah youngsters into certain career fields. The Utah STEM Action Center last week unveiled the Utah STEM Bus, which will serve as a mobile classroom highlighting science, technology,...Disney show, other series extend Utah production
A popular Disney Channel show is extending its production work in Utah. The second season of “Andi Mack” originally was going to spend $15 million in Utah, but the series has been approved for five more episodes, meaning its Utah spending will...C&W acquires brokerages
Commercial real estate firm Cushman & Wakefield has announced that it has entered into an agreement with NorthMarq Cos., a private holding company of the Pohlad family of Minneapolis, to acquire Cushman & Wakefield NorthMarq (CWN) in Minnesota...Holly buys two Utah pipelines
Holly Energy Partners LP, a Dallas-based energy company that owns petroleum processing and transportation facilities throughout the West, including the Holly Refinery in Woods Cross, has entered into agreements to acquire full ownership of two...Mortgage delinquencies down
The number of Utah homeowners who are delinquent on their mortgages continues to drop, according to a new report from property information and analytics firm CoreLogic. In the Salt Lake City market, 2.9 percent of mortgages were delinquent by at...CORPORATE FINANCIAL REPORTS 8-21-17
The following are recent financial reports as posted by selected Utah corporations: Vista Outdoor Vista Outdoor Inc., based in Farmington, reported net income of $16.7 million, or 29 cents per share, for the fiscal first quarter ended July 2....eLearning Bros. buys art site
American Fork-based e-Learning Brothers, a developer of interactive assets for the e-learning industry, has acquired SolidStockArt.com, a stock photography company based in Sandy. eLearning Brothers will assume worldwide operation of the two...Lund takes helm of Utah Bar
John R. Lund, a shareholder in Parsons Behle & Latimer’s Salt Lake City office, was sworn in as president of the Utah State Bar on July 28 at the organization’s annual convention in Sun Valley, Idaho. He will serve a one-year term, replacing...Business Tech: Three network security questions you should ask your IT guy right now
By Mike Herrington There’s a lot to think about as a business owner or executive. If network security isn’t on your mind, it should be. The first half of 2017 saw a 223 percent increase in cyber-attacks over 2016, according to a recent report...It’s plain logic: Spending caps are low-hanging fruit in fighting debt
By Veronique de Rugy Another debt ceiling fight is just around the corner. The government’s borrowing limit will need to be raised yet again by the end of September to avoid default. Indications suggest that there will be enough support between...
