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This week in Salt Lake Business Journal

Saturday, June 1, 2024

Utah tech industry associations announce merger

TO BE KNOWN AS 47G UAMMI INSTITUTEBrice Wallace Two industry associations are joining forces, aimed at boosting Utahs economy, speeding the development of advanced technologies, and strengthening the states role in national security.47G, representing Utahs aerospace and defe...

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financial news

Fraser report: Utah 'most attractive' in the world for mining investment

A group of Utah dignitaries led by the University of Utah's "Utah Across Utah" tour programgets an up-close look at Utah's coal mining industry deep inside Wolverine Fuel's Sufco Minenear Salina in Sevier County. A Canadian think tank has designated Utah the most attractiveplace ...

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UTAH UNEMPLOYMENT HOLDS AT 2.8 PERCENT; U.S. RATE UP SLIGHTLY

Utahs unemployment has continued to hold steady since the beginning of the year. For the fourth straight month in April, the Utah Department of Workforce Services (DWS) reported a jobless rate of 2.8 percent, meaning there are about 50,600 state residents without jobs.Meanwhile, ...

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financial news 4

Park City's POWDR wins contract to run concessions in Zion National Park

For the first time in more than 50 years, Zion National Park in Southern Utah has a new concessionaire. Park City-based POWDR has been awarded a 10-year contract to manage and operate lodging, food, retail and visitor services within the park starting in 2025, the company announc...

Deal Flow Report: Utah business deals reach record value in 2023

The overall disclosed value of the business transactions in Utah reached an all-time high in 2023 despite a drop in the total number of transactions. Those results were reported in the recently released Deal Flow Report from business networking organization MountainWest Capital N...

financial news 6

Bridor to build Brigham City bakery

Bridor, a France-based producer of bakery products and Viennese pastries that are sold in more than 100 countries, has announced the construction of a new manufacturing facility in Brigham City. The plant will be Bridors fifth in North America, with one in New Jersey, one in Conn...

financial news 7

Utah Broadband names Elkins CEO

Utah Broadband (UBB), a high-speed Internet provider in Northern Utah and a subsidiary of Boston Omaha Corp., has announced the appointment of Ben Elkins as its new CEO, following the retirement of Taunya Martin. Elkins is currently CEO of AireBeam, an Internet service provider a...

EnviroServe acquires CG Environmental

CG Environmental-The Cleaning Guys, a San Antonio, Texas-based provider of specialty environmental remediation, emergency response and waste management services across Texas, Colorado, Oklahoma and Missouri, has been acquired by Salt Lake Citys EnviroServe Inc. Terms of the trans...

Elektron Solar, major Tooele County solar facility, begins commercial operation

The Elektron Solar Project north of Skull Valley in Tooele County has begun commercial operation, according to a release from the facilitys owner, D.E. Shaw Renewable Investments of New York City. Elektron Solar is an 80-megawatt solar facility that Shaw acquired from Enyo Renewa...

Wright named president of Merit Medical

Merit Medical Systems Inc., a healthcare technology company in South Jordan, has announced the appointment of Joe Wright as president, effective immediately. As president, Wright will be responsible for the oversight of Merits global commercial, marketing and manufacturing operat...

London software co. buys Swipeclock

Swipeclock, a South Jordan-based workforce management platform, has been acquired by IRIS Software Group of London, England. Swipeclock will operate as an independent business within IRIS America, while product development efforts will be fortified by the worldwide IRIS team, the...

financial news 12

WORK DAZE: Should AI choose your next job?

Bob Goldman Ever have so many job offers you cant decide which one to choose? No, me neither. Of course, the real question for job hunters today is not which to choose, but how to choose.Do you take the biggest opportunity in the fastest-rising company, based on carefully re...

financial news 13

INNOVATE UTAH 5-27-24

Electric Power Systems, an energy solutions provider located in North Logan, has introduced its EPiC 2.0 aircraft energy storage system. The company said the new battery technology provides up to 30 additional minutes of usable flight time for electric aircraft. EP Systems introd...

Credit history so limited for many Utahns that they are 'credit invisible'

A new study from BadCredit.org found that over 233,000 Utah consumers are credit invisible, a term that describes people whose credit history is so limited that they dont even have a credit score. This means that they have been denied access to financial products, housing or have...

Chase Heywood promoted to president of Stratus HR

Stratus HR, a Sandy-based professional employer organization, has appointed Chase Heywood as president and chief operations officer (COO). Heywood has been with Stratus since 2012, serving in capacities that included controller and chief financial officer, as well as COO.Chase ha...

HealthEquity acquires New Jersey firm

Draper-based HealthEquity Inc., a healthcare technology company specializing in health savings account and consumer-directed benefits administration, has acquired Secaucus, New Jersey-based BenefitWallet HSA from its parent company, Conduent Business Services of Florham Park, New...

CORPORATE FINANCIAL REPORTS 5-27-24

The following are recent financial reports as posted by selected Utah corporations:PACS GroupPACS Group Inc., based in Farmington, reported net income of $49.1 million, or 38 cents per share, for the first quarter ended March 31. That compares with $37.6 million, or 29 cents per ...

Calendar Highlights

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

Second Annual Cybersecurity Summit - June 6
A CRA event designed to connect C-suite and senior executives responsible for protecting their companies critical infrastructures with solution providers and information security experts. Event features keynote presentations and panel discussions titled Defining Cybersecurity-Readiness: How Do You Evaluate Yours?; 2024 & The Biggest Threats to Your Business; and Conceptualizing Cloud Security & Why It Matters Today. Location is Sheraton Salt Lake City Hotel, 150 W. 500 S., Salt Lake City. Cost is $250, $195 for government attendees. Details are at https://cybersecuritysummit.com/summit/saltlakecity24/.


SheMoney Summit 2024 - June 6-7
A gathering focused on womens financial wellness, agency and advancement. Topics include societal, historical and technological perspectives on money, financial health and trauma, investment strategies, negotiation skills, entrepreneurship, and other money-related topics. Location is Hyatt Regency in Salt Lake City. Cost is $349. Details are at https://www.shemoneysummit.com/about-she-money-summit-2024.


Golf Tournament - June 7
A Box Elder Chamber of Commerce event. Shotgun start is at 8 a.m. Event is a four-person scramble format. Location is Eagle Mountain Golf Course, 960 E. 700 S., Brigham City. Cost is $400 per foursome. Details are at boxelderchamber.com.


One-U Industry Partnership Summit - June 10
Focusing on the One-Utah Responsible AI Initiative and opportunities for partnership. Event will feature panel discussions on the integration of AI into healthcare, workforce development and policy, and provide opportunities to engage with University of Utah researchers in these areas. Location is Cleone Peterson Eccles Alumni House, University of Utah, 155 Central Campus Drive, Salt Lake City. Registration is required. Registration deadline is May 31. Details are at https://lu.ma/awa7tlku.