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This week in The Enterprise

Monday, February 12, 2018

Nikola pulling up its Utah roots; $1 billion plant going to Arizona
By John RogersThe Utah business community has watched with great interest as Utah tech startup Nikola Motor Co. has progressed toward the start of manufacture of its revolutionary hydrogen-electric semi-truck. The company debuted its Nikola One Class-8 truck in a Hollywood-worthy...


Guv: State can help but rural growth up to counties
By Brice WallaceUtah’s economy is booming, at least along the Wasatch Front, and Gov. Gary Herbert told a group of rural Utahns recently that the onus is on them to make sure their areas aren’t left behind.Speaking at the annual “Rural Day on the Hill” at ...


Twinlab factory closure idles 100 Utah Co. workers
Twinlab Consolidated Corp. is closing down its American Fork plant in favor of outsourcing its manufacturing. The firm’s parent company, Twinlab Consolidated Holdings of Boca Raton, Florida, made the announcement last week.“As we work to trans...


Clear the Air Challenge underway
The Salt Lake Chamber and other organizations have kicked off the ninth annual Clear the Air Challenge, a month-long competition aimed at encouraging Utahns to reduce vehicle emissions, in part by choosing alternatives to driving alone.The challenge is taking place for the first ...


Pluralsight will consolidate operations to Draper campus
Pluralsight, an education software company currently based in Farmington, has announced that it is moving its worldwide headquarters to a new campus in Draper. The 350,000-square-foot office and its amenities will be located on more than 30 acres of undeveloped land at 65 E. High...


Dominion to pass on tax savings
The Utah Division of Public Utilities has announced a filing from Dominion Energy to pass on to customers $17 million in savings due to recent tax federal tax reform legislation. A release from the division said that consumers will begin seeing the adjustment in their gas bills o...


Cottonwood buys Founders Title
Cottonwood Title Insurance Agency Inc., a Murray-based title insurance company, has acquired Founders Title Co. and Founders Title Co. of Davis. The acquisition forms one of Utah’s largest commercial and residential title agencies, Cottonwood said in a release. {m...


Refugee food entrepreneurs will benefit from opening of SLC's 'Food Alley'
Salt Lake City-based Sapa Investment Group, with help from the Salt Lake City Department of Economic Development, has announced plans to build a restaurant-oriented “Food Alley.” The development will go on redevelopment property with frontage on both 800 South and Sta...


Growth conference set for March
Utah’s Intermountain Growth Conference, sponsored and hosted by the Utah Chapter of the Association for Corporate Growth (ACG Utah), is scheduled for March 7 in Salt Lake City. Keynote speaker for the event will be New York Times best-selling author and business consultant ...


Simplus acquires San Francisco's CirrusOne
Sandy-based Simplus, a cash-to-quote implementation developer, has acquired CirrusOne, a San Francisco consulting service specializing in configure, price, quote (CPQ); claims and litigation management; and billing services.“Simplus and CirrusOne ha...


Knox Capital bought by N.C. firm
Captrust Financial Advisors, a wealth management firm based in Raleigh, North Carolina, has acquired Salt Lake City-based Knox Capital Group. The Utah-based firm brings $300 million in client assets to the new owner.Led by partners Brodie Barnes ...


CircusTrix buys L.A.'s Sky Zone
Provo-based CircusTrix Holdings LLC has acquired Sky Zone Franchise Group of Los Angeles, a franchisor of indoor trampoline parks. CircusTrix owns, operates and franchises indoor recreation facilities.According to a release from CircusTrix, the combinatio...


St. George sells property to developer in hopes of creating 'Tech Ridge'
California has its Silicon Valley and Utah has its Silicon Slopes. St. George took steps last week to get in the game, selling property it hopes will become “Tech Ridge.”At the St. George City Council meeting, city officials voted unanimously ...


AFCU absorbs Arizona's Altier Credit Union
Five branches of Altier Credit Union in Arizona will become branches of Ogden-based America First Credit Union (AFCU) following recent approval by the Arizona Department of Financial Institutions and the National Credit Union Administration. The Arizona credit union branches will...


CORPORATE FINANCIAL REPORTS - 2-12-18
The following are recent financial reports as posted by selected Utah corporations: SkyWestSkyWest Inc., based in St. George, reported net income of $290 million, or $5.46 per share, for the 2017 fourth quarter. That compares with a net loss of $270 million, or $5.22 per sha...


Wells Fargo survey: Small-biz optimism goes to 11-year high
Small-business owners entered the new year feeling the most optimistic since early 2007, according to findings from the latest Wells Fargo/Gallup Small Business Index conducted January 3-9.In the latest quarterly survey of small-business optimism, the overall index score came in ...


Industrial leasing reaches new high to lead 2017 commercial real estate growth
Industrial leasing activity reached a new high in 2017, highlighting a strong commercial real estate market in Utah at the end of 2017, according to the fourth quarter (Q4) 2017 MarketView report from the Salt Lake City office of CBRE.Highlights of the report include:Industrial L...


Calendar

Calendar listings are provided as a free service to our readers. Information about upcoming events may be sent to brice@slenterprise.com. The submission deadline is one week before publication.

2018 Annual Athena Award Luncheon - February 15
A Davis Chamber of Commerce event. Athena Award recipient is Sheryl Cox of America First Credit Union. Location is the Davis Conference Center, 1651 N. 700 W., Layton. Details are at http://www.davischamberofcommerce.com.

Bank of Utah Annual Economic Outlook Events - February 21
Featuring information for business and community leaders about Utah’s projected economic growth. Speaker is Pamela S. Perlich, director of director of demographic research at University of Utah’s Kem C. Gardner Policy Institute. Events are Feb. 21, at Ogden Eccles Conference Center, 2415 Washington Blvd., Ogden (in conjunction with Weber State University and Ogden/Weber Chamber of Commerce), with additional speakers including Jim Taggart of OWTC and Eric Allen of MetroStudy; Feb. 22 at Little America Hotel, 500 S. Main St., Salt Lake City; Feb. 26, at Thanksgiving Point, 33 W. Clubhouse Drive, Lehi; and Feb. 27 at The Riverwoods Conference Center, 615 Riverwood Parkway, Logan. All are 11:30 a.m.-1 p.m. Pre-registration is required. Registration and details are (801) 409-5172 or https://www.bankofutah.com/events/2018-economic-outlook-event.

ChamberWest Chamber of Commerce Annual Awards Gala - February 21
With the theme “Dust Off Your Boots.” Harmons will receive the 2018 Hall of Fame Award. Winners will be disclosed for Business of the Year, Small Business of the Year, Best New Business, Best Place to Work, and Volunteer of the Year. Location is the Maverik Center, 3200 Decker Lake Drive, West Valley City. Details are at http://www.chamberwest.com.

UTC Legislative Breakfast - February 22
A Utah Technology Council event featuring a discussion of the latest policy issues that affect the local tech industry and a chance to hear from local legislators. Location is the East Senate Building, Utah State Capitol, 350 State St., Salt Lake City. Details are at http://www.utahtech.org.

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