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BANKING
• TAB Bank, based in Ogden, has structured a $3 million factoring line of credit for CNC Precision Machine Inc. to improve cash flow for inventory and working capital. Based in Ohio and founded in 2002, CNC manufactures hydraulic fittings serving the aerospace, transportation and machinery industries in its 100,000-square-foot flexible manufacturing space. TAB Bank offers tailored financial solutions to small and mid-sized businesses across various industries.
ECONOMIC INDICATORS
• Utah is ranked No. 36 on a list of “Best States for Tiny Homes,” compiled by Home Gnome. It analyzed the states based on industry and infrastructure regulation, public interest and remote lifestyle. The top-ranked state is Texas. The bottom-ranked state is Connecticut. Details are at https://homegnome.com/blog/studies/best-states-for-tiny-houses/.
• Two Utah businesses are on a list of “Most Inspiring Comebacks After a Disaster,” compiled by financial media company MarketBeat.com and based on a survey. They are No. 114 Grappa, Park City, which suffered a grease fire in September 2022 that forced a shutdown for six months (it reopened in the spring of 2023), and No. 115 Bauhaus Salon, Salt Lake City, which was destroyed in a 2022 fire but reopened in a new location. The top-ranked business nationally is Adelina’s Grill of Marshalltown, Iowa. Details are at https://www.marketbeat.com/originals/the-most-inspiring-small-businesses-of-2025-survey/.
• Two Utah women are on a list of the “Most Inspiring Female Leaders” in the U.S., compiled by financial media company MarketBeat.com and based on a national poll. They are No. 33 Jenny Groberg, CEO of BookSmarts, and No. 114 Tracy Gorham, CEO of ConexED. The top-ranked female leader in the U.S. is Madeline Bell, president and CEO, Children’s Hospital of Philadelphia. Details are at https://www.marketbeat.com/originals/survey-americas-most-inspirational-women-business-leaders-2025/.
• Amaranth (grain or leaf), lemon cucumbers and Pueblo chile peppers are on a list of fruits and vegetables that can thrive in Utah with minimal effort, based on research by Craftcamp, a resource for backyard builders and garden DIYers. It studied possible food insecurity solutions in every state. Details are at https://craft.camp/blog/what-can-you-grow-in-your-state/.
EDUCATION
• Utah Valley University is expanding opportunities for adult learners to earn college credit through its credit for prior learning, helping students turn real-world experience into academic progress. The initiative is designed to encourage both new and returning students to complete their degrees through a flexible, affordable pathway that saves time and money. The aim is to increase graduation rates and provide a faster route to career advancement. CPL allows students to receive college credit for knowledge and skills acquired outside the traditional classroom. This includes work experience, military service, certifications and other professional training. Students can earn CPL credit through several methods: standardized exams, institutional exams, portfolios that showcase professional work, and evaluation of training or industry certifications. Details are at .
HEALTH CARE
• Wellnest Fertility, based in South Ogden, has launched a Fertility Support Group, a free offering for individuals and couples navigating infertility and family-building. The initiative is presented in collaboration with My Mind Body Collective, a resource for mental and emotional wellness. Wellnest opened in February and offers fertility consultations.
INVESTMENTS
• Entrata, a Lehi-based company offering an operating system for multifamily communities, has received a $200 million minority investment from funds managed by Blackstone at a $4.3 billion valuation. Entrata’s solution offers a centralized platform for managing various aspects of a property, including accounting, purchasing, facilities and leasing, among others. Its resident portal fosters better communication and self-service options for residents. Wilson Sonsini Goodrich & Rosati served as legal advisor to Entrata.
• RevRoad Capital, a Provo-based early-stage venture fund that debuted in 2023, has changed its brand to Stalwart Ventures. It said the change is “a reflection of the fund’s portfolio success and expanded leadership team since its debut.” Its co-founders unveiled its new brand identity at the firm’s investor day to the fund’s limited partners. Stalwart Ventures’ current portfolio includes Hypercraft, Particl, Kinectify, Halosight, Sierra, Skill Struck, ReferPro, Nomyx, Proteus, Innovera and Volta.
PHILANTHROPY
• D.L. Evans Bank, based in Idaho, in partnership with the Federal Home Loan Bank of Des Moines, has donated $25,000 to NeighborWorks Mountain Country Home Solutions, based in Orem. NeighborWorks promotes homeownership, offering affordable housing, and improving housing quality. D.L. Evans Bank applied for the FHLB Des Moines Member Impact Fund, which matches up to $1.50 to every $1 of the D.L. Evans Bank donation. The matching grant program will result in FHLB Des Moines awarding over $6 million in funding to support affordable housing and community development in Hawaii, Utah and Guam.
• Owlet Inc., a Lehi-based company focused on smart infant monitoring, has donated 250 of its Dream Sock smart baby monitors (value equivalent to $75,000) to March of Dimes’ Neonatal Intensive Care Unit (NICU) Care Package Kit program. The donation will support NICUs across the Boston area, offering parents resources to monitor their babies. March of Dimes Massachusetts will distribute nearly one-fifth of the monitors to its NICU Family Support site at Boston Medical Center. The remainder will go to other NICUs in the area. This is the first year of partnership between Owlet and March of Dimes. Owlet also advocated at a recent March for Babies walk in Cleveland and sponsored the Honor Tent, handing out hundreds of Nursery of Hope seedlings to be planted in honor of young lives lost. Through the Nursery of Hope program, Owlet has donated more than 1,300 seedlings to families across the country and has partnered with over 37 other like-minded nonprofit organizations globally to give back, hitting $1.9 million in charitable and product donations.
POLITICS
• Americans for Prosperity-Utah has released its 2025 legislative scorecard to keep Utah lawmakers accountable for their decisions on the most important policy issues in this year’s legislative session. After outlining its “Prosperity Elevated” 2025 policy agenda, AFP-UT staff and activists maintained a constant presence in members districts and in the state capitol to advocate for freedom-oriented policies that will improve Utahns’ lives and increase prosperity. Fifty-nine of Utah’s 104 representatives and senators earned a score of 90 or higher this year.
TECHNOLOGY/LIFE SCIENCES
• Four Utah companies are part of the 2025 cohort of the Life Sciences Incubator of Innosphere Ventures, a nonprofit organization that works with technology transfer offices at universities to accelerate the success of founders building technology and science-based companies. Duct-Aid, Cedar City; Eyescreen Inc., Millcreek; Glafabra Therapeutics, Park City; and Kyphol Lift, South Jordan, are among 33 startups in the cohort that are focused on biopharma, digital health, diagnostics, medical devices and more. Among partners and universities involved in the incubator are BioUtah and the University of Utah.
