Cover Stories
Legislature seeking overhaul of economic development system
By Brice Wallace Utah’s economic development system would be revamped under a legislative bill that seeks to change agencies’ mindset about what economic development means. HB348, which at press...Five Utah cities named to 'Top Performing' list
Five Utah cities have received recognition as top economic performers in the 2021 Milken Institute Best-Performing Cities Index, with Provo-Orem being named No. 1 in the large-city category. Salt...Bill gives at-risk students shot at economic success
By Brice Wallace A bill being considered by the Legislature aims to improve the chances that at-risk school students become more economically successful as adults. SB142 would require the Public...
This Week's Headlines
SL County designates first Monday in March to honor COVID-19 victims
The Salt Lake City Council has passed a resolution designating the first Monday in March (March 1) as “COVID-19 Victims and Survivors Memorial Day.” With the statewide death toll from the disease...With 1.2 million Utahns receiving stimulus checks, scams abound
The Internal Revenue Service reports that 1.2 million Utahns have received checks in the second round of pandemic relief stimulus payments totaling over $2.4 billion. And with all that new cash...State prepares to offer vaccine to Utahns 18+ with medical conditions
As Utahns age 65 and older are lining up for the COVID-19 vaccine, younger folks with certain medical conditions are anxiously waiting for March 1. That’s when Utah residents 18 years of age and...Survey shows that PPP loans and long-term relief still needed in Utah
Although government aid in the form of Payroll Protection Program loans has helped the vast majority of recipients stay open in Utah, more support is needed to help small businesses recover and...Utah County turns portion of C-19 vaccination program to Nomi Health
Orem-based Nomi Health, a healthcare management company that has recently contracted with the state of Utah to help manage the rollout of the COVID-19 vaccination effort, has been selected by Utah...Brex applies for Utah bank charter
Brex, a San Francisco digital banking platform company, has submitted an application with the Federal Deposit Insurance Corp. (FDIC) and the Utah Department of Financial Institutions (UDFI) to...Novacoast expanding its Utah ops, adding 85 new employees
Cybersecurity firm Novacoast plans to expand its Utah operations, growing from its current 15 employees to 100 in two years. The $250,000 expansion project was announced by the Economic...Hillcrest Bank names Stahl Utah market president
Hillcrest Bank, a division of NBH Bank based in West Bountiful, has promoted David Stahl to Utah market president. In his role, Stahl will continue to lead and expand the commercial banking team....Shaffer named president & CEO of AFCU
Thayne Shaffer has been named to succeed John B. Lund as president and CEO of Utah’s America First Credit Union, effective April 1. Shaffer has been the chief information officer of the...Lehi's Owlet Baby Care to go public following merger with Sandbridge
Owlet Baby Care Inc., a Lehi-based producer of baby monitors, including its flagship product Owlet Smart Sock, and Sandbridge Acquisition Corp., a special purpose acquisition company co-sponsored...Baird becomes CEO of Henry Schein One
Henry Schein One, a medical practice management platform developer and a joint venture of Henry Schein Inc. and Internet Brands, has announced that Mike Baird will assume the role of CEO, leading...CORPORATE FINANCIAL REPORTS 3-1-21
The following are recent financial reports as posted by selected Utah corporations: Extra Space Storage Extra Space Storage Inc., based in Salt Lake City, reported funds from operations...The parable of the Porsche: Are you rich or wealthy?
By Richard Tyson I had just finished a coaching session with my new client, my old client’s son. Dad was retiring and had handed off the CEO position. It seemed like perfect timing, since the...Mountain Mike’s Pizza signs 30-store franchise deal in Utah
Pelican Food Concepts LLC has signed a franchise agreement with Newport Beach, California-based Mountain Mike’s Pizza to bring 30 new locations to Utah over the next decade. The 40-year-old pizza...Innovate Utah: NEW IDEAS, PRODUCTS AND SERVICES FROM UTAH COMPANIES
Rock West Composites, a West Jordan-based provider of composite products for a variety of industries, has added a Build Your Own Tube feature to its website. The tool allows Rock West’s customers...Utah County Update: Provo: Community Building Together
By Michelle Kaufusi There are more than 20,000 incorporated communities in America. While many are prospering, others are struggling. An important question we focus on in Provo is how do we build...Succeeding in your Business: You and your client: Avoid politics and religion altogether
By Cliff Ennico “I have a consulting business with over 50 clients, but I’m afraid that won’t last much longer unless I get some tough love from you. “In working with my clients, it’s inevitable...Industry Briefs 3-1-2021
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 •...Officials report that wearing two well-fitting masks reduces C-19 exposure
Health officials from the U.S Centers for Disease Control and Prevention are making the case for wearing two well-fitting masks. Scientists at the center conducted experiments last month to see...Cox, officials aiming for total adult virus vaccination by end of May
Utah Department of Health Executive Director Rich Saunders told a Utah Senate committee recently that Utah will have enough doses of the COVID-19 vaccine to inoculate every Utahn before June. In...
