Cover Stories
By Brice Wallace America’s military is legendarily strong, and those who move on from military service in Utah likewise have a substantial impact — on the state’s economy. At the recent Utah Veteran Business Conference, Juliette Tennert, director of economic and public policy research at the Kem C. Gardner Policy Institute at the University of Utah, detailed a recent institute study that shows...
The housing shortage and resultant increases in average home prices have begun to take their toll on consumer prices. The Zions Bank Wasatch Front Consumer Price Index (CPI) ticked upward in April, rising 0.4 percent from the previous month and 2.8 percent from April last year, with housing prices having the largest impact on the increase. Meanwhile, the national Consumer Price Index increased...
The amount of money moving among Utah corporations took a huge jump in 2016, according to the 22nd annual Deal Flow Report released recently by MountainWest Capital Network (MWCN). The report, which provides details of the health and number of deals within the state, showed funding for deals surpassing 2015 by almost double, from $10 billion to $19 billion. The number of deals totaled 423,...
This Week's Headlines
- Chamber group hosts discussion of tackling need for strong infrastructure
A company cannot succeed without a transportation system to get its raw materials and finished products to where they need to go. Transportation and transit systems need to be in place to get employees to and from the workplace. Some... - Mity buys Florida company
Orem-based furniture manufacturer Mity Inc. has acquired Orlando, Florida-based ChairPort Products LLC, which operates under the trade name XpressPort. Mity produces highly durable products with brand names like MityLite and Holsag, which Mity... - Campaign thinks keeping Hayward is good for business
Garrett Jones thinks keeping Utah Jazz forward Gordon Hayward in Utah makes good business sense. Hayward becomes a free agent in a few weeks. That means he can sign with any team that will pay him enough. Although the local team has the inside... - Wells Fargo survey: Optimism holds steady in second quarter for small-business owners
Small-business optimism held on to recent gains in the second quarter, according to the latest findings from the Wells Fargo/Gallup Small Business Index, conducted April 3-7. In the quarterly survey, which measures the optimism of small-business... - Editorial Cartoon - Insatiable Greed
- CORPORATE FINANCIAL REPORTS 5-22-17
The following are recent financial reports as posted by selected Utah corporations: Nature’s Sunshine Nature’s Sunshine Products Inc., based in Lehi, reported net income from continuing operations attributable to common shareholders of $2.2... - Business Tech: Trump order reminds us of responsibility for cyber security at our businesses
By Mike Herrington Pres. Trump signed an executive order recently that called out the government’s poor cyber security measures and mandated one set of security standards across government agencies. The order also makes the heads of each... - Is the United States on the path to French-style economic sclerosis?
By Veronique de Rugy There is a lot of debate over Pres. Donald Trump’s record after his first 100-plus days in office. Defenders of the president point to his successful efforts on deregulation, the successful appointment to the Supreme Court of... - Is Pres. Trump's firing of Comey a precursor to a bigger danger?
By Fareed Zakaria I have tried to evaluate Donald Trump’s presidency fairly. I’ve praised him when he has appointed competent people to high office and expressed support for his policies when they seemed serious and sensible (even though this has... - Financial literacy: Few Americans understand personal finance fundamentals
By Mark Lund If only money came with instructions. If it did, the route toward wealth would be clear and direct. Unfortunately, many people have inadequate financial knowledge, and for them, the path is more obscure. Are most people clueless... - Protect your legacy from taxes: Taking responsibility & ownership of your future
By Doug Andrew Last month, the nation’s mind was on taxes. Millions of Americans were rushing to make the tax deadline, assessing how much they had already sent to the government (and hoping against hope they didn’t need to send more). Whether... - Industry Briefs 5-22-17
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. BANKING • Bank of American Fork has opened a new branch at 95... - UTC looking for new leader as well as a 'rebranding and refreshing'
The state’s largest industry association is undergoing some change. The Utah Technology Council (UTC), representing 6,000 technology companies in the state, is looking for a new chief executive officer and is undertaking a “rebranding and... - Varex acquires imaging firm
Salt Lake City-based Varex Imaging Corp. has acquired the medical imaging business of PerkinElmer Inc. of Santa Clara, California. PerkinElmer develops, manufactures and sells digital detectors that are components in medical and industrial X-ray... - Savage buys coal reclamation cos.
Savage, a privately owned supply-chain solutions and industrial services company based in Salt Lake City, has purchased Abingdon, Virginia-based Gobco LLC and Power Fuels LLC. Financial terms were not disclosed. The two acquired companies are... - Lack of skilled workers still major concern for Utah companies, report says
Utah’s unemployment rate (3.1 percent) and job growth (3.2 percent) are among the best in the nation. Still, many businesses report difficulty finding as many qualified workers as they need to fill available positions, according to a new research...
