Cover Stories
Lawmakers seek to grow rural economies
Brice Wallace One of Gov. Spencer Cox’s priorities has been to boost economic opportunity in rural Utah. Now the legislative branch is doing its part to make it happen. A legislative interim committee recently advanced to the 2022 general session bills that would shift the priorities of the state tax credit incentive program toward rural Utah...Just how low can you go? Utah's jobless rate drops to 2.2 percent
Utah’s unemployment rate in October dropped to an all-time low, according to data released by the Department of Workforce Services (DWS). The reported 2.2 percent rate was down 0.2 percent from September’s 2.4 percent and means that 37,400 Utahns are not working. Meanwhile, the October national unemployment rate continued to decline, dropping...Ski industry looking for a good year - but with some restrictions
Brice Wallace Skis? Check. Warm clothing? Check. Ski pass? Check. However, for people venturing out to hit the slopes this winter, Ski Utah’s leader is suggesting they bring along a couple of other items: face masks and information. At the organization’s season preview news conference, Nathan Rafferty stressed that Utah’s ski resorts will have...
This Week's Headlines
While the Biden vaccine mandate is on hold, Utah's COVID law still governs
Kathleen D. Weron In the course of a two-week period, in response to the Biden administration’s vaccine mandate, there has been a flurry of activity on both the state and federal level. On the...TriArtisan Capital buys majority ownership of EnergySolutions
Salt Lake City-based EnergySolutions has announced that current shareholder TriArtisan Capital Advisors LLC has signed a definitive agreement to acquire the remaining ownership interest in the...Go Utah launches Main St. program
The Utah Governor’s Office of Economic Opportunity (Go Utah) has announced the launch of its Utah Main Street program. The nationally recognized program is part of Main Street America, an...Cedar City's Metalcraft sold to Arizona metal fabricator
ARCH Precision Components Corp. of Tempe, Arizona, has purchased Cedar City’s Metalcraft Technologies Inc. Terms of the transaction were not disclosed. Founded more than 30 years ago, Metalcraft...Report examines housing's 'missing middle'
The Utah Foundation has released the first part of its new study “Is the Middle Missing? A Guide to Expanding Options for Utah Homebuyers and Renters.” The first installment, “The Scope of the...SimpleNexus acquired by nCino in $1.2 billion deal
Wilmington, North Carolina-based nCino Inc. has agreed to buy SimpleNexus in a cash and stock transaction worth about $1.2 billion, SimpleNexus announced in a release. Based in Lehi, SimpleNexus...Valley Behavioral Health names Sanford new CEO and president
Valley Behavioral Health, a Salt Lake City-based mental health provider, has named Jared Sanford as president and CEO. He will replace interim president and CEO Rebecca Brown, who will resume her...CORPORATE FINANCIAL REPORTS 11-29-21
The following are recent financial reports as posted by selected Utah corporations: Security National Financial Security National Financial Corp., based in Salt Lake City, reported after-tax...Top seven tips for making good decisions when you are feeling stressed-out
Angela Civitella Whether you want to admit it’s a problem for you or not, stress has infected the American workplace. Just how bad is it? According to the American Institute of Stress, the stats...Succeeding in Your Business: Ever consider offering your investors ‘convertible debt?’ Here’s how you go about it
Cliff Ennico “I have a successful growing business, to the point where a number of investors are starting to knock on my door. “My business is in a limited liability company with two classes of...Industry Briefs 11-29-21
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. BANKING •...Utah Legislature gives employees exemptions from Biden mandates
Meeting in special session earlier this month, the Utah Legislature passed a bill that allows Utah employees to claim exemption from Pres. Joe Biden’s COVID-19 vaccine workplace requirements. In...Grant will reimburse employers costs for enforcing C-19 vaccine mandates
The Governor’s Office of Economic Opportunity (Go Utah) has begun accepting applications from employers that have paid employees for time off to either receive a COVID-19 vaccine or recuperate...Parpia Global acquires The Summit Group
Longtime Salt Lake City marketing and advertising agency The Summit Group Communications Inc. (TSG) has been sold to Parpia Global Management. Parpia is a digital marketing firm owned by investor...SLC marketing company Scorpion buys Texas legal digital marketer
Scorpion, a Salt Lake City digital marketing and technology company, has acquired MediaSmack, a digital marketing firm catering exclusively to the legal industry. MediaSmack is headquartered in...BioUtah announces annual awardees at BioHive Summit
Rex S. Spendlove, life sciences pioneer and founder of Hyclone Laboratories in Logan, has been honored with a Lifetime Achievement Award by BioUtah, the state’s life sciences trade association....New York e-tailer opens warehouse/contact center
Adorama Inc., a New York based retailer and e-commerce company, has announced the opening of a new warehouse and contact center in Salt Lake City. The facility will serve the company’s brands...Bountiful-based Dentist Direct bought by Indianapolis firm
Renaissance Life & Health Insurance Co. of America, a national insurance carrier, has reached an agreement to acquire Dentist Direct, a Bountiful-based dental and vision insurance carrier, and its...Education tech co. Instructure acquires SLC company Kimono
Salt Lake City education technology company Instructure is acquiring Kimono, a cloud-based data integration and interoperability provider for education. Also based in Salt Lake City, Kimono is a...Nu Skin buys social commerce co.
Nu Skin Enterprises Inc., a Provo-based manufacturer and online retailer of personal care products and dietary supplements, has acquired Mavely, a social commerce platform that streamlines...
