Summit honorees named

The Utah Governor’s Office of Economic Development (GOED) has announced the award recipients for the 2020 Utah Economic and Energy Summit that will be held Oct. 26 in Salt Lake City.

At the summit, Gov. Gary R. Herbert will recognize individuals and companies that have made long-time, significant contributions to Utah’s economic development, local communities and industry. Recipients of the governor’s economic development awards live and work full-time in Utah and have supported the local economy for a decade or more.

The 2020 award winners are:

Utah Businessperson of the Year, David Lang, partner, Goldman Sachs. Lang is head of Goldman Sachs’ Salt Lake City office and serves on the Global Business Resilience Committee. He joined Goldman Sachs as an associate in 1994 and became a vice president in 1998. Lang was named managing director in 2006 and partner in 2016.

Utah Business of the Year, Intermountain Electronics. Head-quartered in Price, Intermountain Electronics designs and manufactures custom power distribution equipment for industrial customers. The company initially serviced the coal mining industry in Carbon and Emery counties. Since 2010, Intermountain Electronics has diversified by adding customers in the oil and gas, utility, renewable energy and data center sectors.

Utah International Business of the Year, Savage Services. Savage Services Corp. provides trucking transportation services for supply chain management, material handling, logistics, marine transportation, toll processing, transloading and terminal operations services. Savage Services serves the agriculture, mining, manufacturing, transportation, utilities and construction industries. Savage began in 1946 with brothers Kenneth, Neal and Luke Savage hand- shoveling and hauling Utah coal. Nearly 75 years later, Savage and its companies provide a broad portfolio of services to move and manage critical materials.

Governor’s Medal for Science and Technology Lifetime Achievement, Dinesh C. Patel. Patel co-founded Utah-based TheraTech Inc., pioneering technologies used to administer controlled, time-release medicine, ultimately leading to a 1999 $350 million acquisition. Patel then co-founded Salus Therapeutics, a Utah biotechnology company that developed anti-sense pharmaceuticals, also ending in a successful acquisition. Today, Patel is the managing director of Patel Family Investments, overseeing a portfolio of over 25 early-stage companies and 12 private equity/venture funds, many of which are Utah-based.

“We offer our admiration and sincere congratulations to all of this year’s Utah Economic and Energy Summit award recipients,” said Val Hale, GOED’s executive director.