Industry Briefs for week of April 16, 2012
Apr 16, 2012 | 206 views | 0 0 comments | 7 7 recommendations | email to a friend | print

BANKING

Bank of American Fork has rolled out TheWayiPay, an online person-to-person payment service that allows customers to make secure payments from their checking account to nearly anyone with a U.S. bank account. Customers can pay virtually anyone using only the recipient’s name and e-mail address. TheWayiPay person-to-person payment service is available through Bank of American Fork’s online banking. Payments processed are deducted from a customer’s account electronically and deposited directly into the recipient’s bank account in one to three business days. There is a $1 fee per payment.

Utah Central Credit Union, Salt Lake City, as part of its  Member Appreciation Month, is giving away $100 to one member each week in April. All members in good standing are eligible and are automatically entered to win.  For every product a member has with Utah Central, they will be entered into the drawing one time. The more products a member has, the more chances he or she has to win. The membership list will be updated daily. At the end of the month, the daily $100 winners from Chartway’s Utah Region family credit unions, including HeritageWest, SouthWest Community and Utah Central, will be entered into a grand prize drawing for an all expense paid cruise for two valued at up to $5,000. 

U.S. Bank opened a new full-service branch in Clinton. The branch is inside Walmart at 1632 N. 2000 W. Lindsay Bailey is the branch manager. This is the second U.S. Bank branch to open inside a Walmart during the past eight months in the state. There are 39 U.S. Bank branches in Smiths locations in Utah, for a total of 42 in-store locations.

• For a limited time, Bank of Utah is offering grants up to $5,000 to help first-time home buyers who qualify to get into a home this year. As of April 2, $1.5 million in Home$tart funds have been made available to all Federal Home Loan Bank members on a first-come, first-served basis. Bank of Utah is one of a handful of Utah banks to participate in the program. In order to qualify, homebuyers must earn at least 20 percent less than the local median income (adjusted for family size). The Home$tart Program matches $3 for every $1 that homebuyers may have saved (up to $5,000) toward a buying a home. Home$tart grants can be used for down payments, closing costs or rehabilitation of an owner-occupied housing unit, including a condominium or townhome. Applicants must qualify for an FHA loan and intend to live in the home for five years or receive a pro-rated penalty. 

Mountain America Credit Union has appointed David Leigh as branch manager of its new Questar Branch in downtown Salt Lake City at 325 S. State St. in the new Questar building.

Weber State Credit Union will host its eighth annual Shred Day on April 28. Shred trucks will be at the Main branch of WSCU (4140 Harrison Blvd, in Ogden), the North Ogden branch (2388 N. Washington Blvd. in North Ogden), and the Roy branch (5997 S. 3500 W. in Roy) from 10 a.m. to 2 p.m. Members of the community can bring up to five boxes of personal documents to be shredded free of charge.

• The U.S. Department of the Treasury released a report last week showing that Utah banks have increased their small business lending by $126.1 million since receiving capital through Small Business Lending Fund (SBLF). The SBLF, which was established as part of the Small Business Jobs Act that President Obama signed into law, encourages community banks to increase their lending to small businesses. Treasury invested more than $4 billion in 332 institutions located in over 3,000 communities in 48 states, through the SBLF.  Nationwide, institutions participating in the SBLF significantly increased small business lending in the last quarter of 2011 by $1.3 billion over the prior quarter for a total of $4.8 billion over their baseline.

Mountain America Credit Union has been honored by the American Institute of Certified Public Accountants and the Society for Human Resource Management for providing financial education programs for their employees to help improve their personal and financial well-being. Mountain America provides a no-cost course for its employees called the 8 Pillars of Financial Greatness. In addition, Mountain America teaches financial literacy classes in high schools throughout the state reaching thousands of students, helping them learn the importance of understanding the basics of budgeting, saving, spending, wise use of credit, credit reports and protecting their identity. 

First Utah Bank has become the first financial institution in Utah to offer the Kasasa brand of free checking and savings accounts that pay consumers to use their account with higher than average interest and automatic savings. First Utah Bank is offering two Kasasa financial products: including Kasasa Cash and Kasasa Saver. All Kasasa products are free, reward-based accounts, with no minimum balance to earn rewards, no monthly service fee, online banking and nationwide ATM fee refunds. To receive the Kasasa account benefits, each monthly qualification cycle account holders are asked to do a few things such as receive an e-statement, access online banking, use a debit card a minimum number of times and have an electronic ACH payment post to and clear their account.

 

CONSTRUCTION

Lehi Block Co. has inked an agreement with Rubbersidewalks Inc. of Fountain Valley, Calif., for exclusive distribution rights in Utah, Nevada, Wyoming and to The Church of Jesus Christ of Latter-day Saints. Rubbersidwalks’ TERREWALKS are non-concrete modular sidewalks that have been installed nationwide. They are said to surpass other pavement options in performance, safety, environmental benefits and cost effectiveness, and are made from 100 percent post-consumer plastics.

• Based on a survey of franchisees done by the Franchise Business Review, Lindon-based Precision Concrete Cutting was named  the No. 1 franchisor in the Service category and the No. 1 franchisor in the “Under 50 Units” category. Precision Concrete Cutting is the leader in uneven trip hazard removal and uses a proprietary system to repair sidewalk trip hazards and manage sidewalk infrastructure. The company has franchise locations across the United States and Canada.

 

ECONOMIC DEVELOPMENT

• Three Utah firms are recipients of Trade & Industry Development magazine’s Corporate Investment and Community Impact Awards: Lehi-based IM Flash Technologies, eBay in Draper and South Jordan, and Salt Lake City’s ITT Exelis. The awards recognize corporate locations and investments with a focus on both the company investing in the community and the economic developers responsible for securing that investment. Each year, the magazine recognizes the top 30 companies in the two distinct categories of Corporate Investment and Community Impact. 

 

INSURANCE

• Three additional insurance executives have joined The Buckner Co., Salt Lake City. They are Ryan Loftin, Jeremy Stucki and Micah Zabriskie. This increases the company’s employee count to 125. Loftin will work out of the firm’s Salt Lake City office, while Stucki and Zabriskie will be based in the Ogden office. Loftin, Stucki, and Zabriskie have worked with commercial clients from a variety of backgrounds, ranging from contractors, oil and gas companies, auto dealers, farm equipment retailers, building material suppliers, to other retail and restaurant businesses. 

EMI Health, Salt Lake City, is a top-ranked PPO in the state of Utah, according to the results of the Consumer Assessment of Health Plans Survey (CAHPS) released as part of the Utah Department of Health’s 2011 Health Plan Satisfaction Report. Conducted by DataStat Inc., an independent survey firm that examines all major health plans in Utah, the CAHPS survey measures member attitudes about the health care and services they received from their health plan during 2011. According to the results, EMI Health respondents gave the company high marks in three main categories: satisfaction with the health plan, satisfaction with the health care received and satisfaction with doctors available through the health plan.

 

LAW

Durham Jones & Pinegar has hired Elisabeth C. Smith as an associate in the firm’s Salt Lake City office. Smith’s practice will focus on a wide variety of corporate and securities law matters, including mergers and acquisitions, offerings of debt and equity securities, and general matters of business and finance law. Smith received a J.D, magna cum laude, from the Boston University School of Law, and a B.A. in economics, summa cum laude, from Utah State University. Smith was formerly affiliated with the law firm Goodwin Procter LLP and the Commonwealth of Massachusetts Departments of Labor and Workforce Development.  Most recently, Smith taught contracts and legal writing as a part-time faculty member at Boston University School of Law. 

 

MANUFACTURING

JD Machine, Ogden, has hired Bryan Crowell as general manager. Due to business growth, the 100 person, 33-year-old manufacturing company is making the addition to the management team with hopes of increasing productivity and efficiency and to prepare for future growth. Crowell brings 25 years of experience in manufacturing, quality and operations. He has experience in defense and automotive industries. He is specifically trained in the methodologies of the Toyota Production System and has managed repeat Shingo Award-winning operations.  

MEDIA/MARKETING

Google will be featuring Salt Lake City-based Zagg Inc. and its success in growing its business on YouTube on Google’s blog on April 18. Google is also flying some Zagg representatives to its corporate headquarters for a two-day meeting with executives in order to learn about other ways to grow their business online. Zagg has created videos on its ZaggTV YouTube channel that have received more than 20 million views. According to Google, YouTube video ads drive a 20 percent increase in traffic to a website and a 5 percent increase in searches for a given business. Zagg has been so successful with YouTube that it has doubled visits to its website with its videos.

Snapp Conner PR, South Jordan, has brought 15-plus additional years of public relations experience to its roster with the addition of Kelly Wanlass to its senior PR consultancy team. She started her career as a writer for The Associated Press and branched into PR at Applied Communications Corp., where she managed media relations for various products at Oracle and Storage Technology Inc. At Snapp, Wanlass will be a senior PR associate.

 

NATURAL RESOURCES

Fairchild International, a Virginia-based manufacturer of underground mining equipment, is now working with Genco Mine Service, Huntington, to sell and service its full line of underground mining equipment west of the Mississippi River. Through the alliance, Fairchild expects to increase its geographic reach in the coal mining industry and create new markets among mine operators that specialize in the extraction of soda ash, potash and molybdenum, as well as other minerals and metals.

• In an effort to streamline operations and increase public involvement, Mayor Ralph Becker and the Salt Lake City Council have created a new Parks, Natural Lands, Trails and Urban Forestry Advisory Board. The redesigned board will serve as a catalyst venue for citizen involvement in the stewardship of Salt Lake City’s public lands. The Mayor and Council will select up to 11 Salt Lake City residents who will serve as Advisory Board members of the Division of Parks and Public Lands. Individuals are encouraged to apply for open positions by visiting www.slcgov.com/bc/boards-and-commissions-membership. Filled positions will reflect a range of broad community interests, including geographic, professional, cultural and neighborhood diversity.

 

NONPROFIT

• The Davis Chamber Women in Business Committee donated the proceeds of its AMBER Alert fund-raiser to Utah Attorney General Mark Shurtleff at its monthly luncheon April 12. A check for $10,000 was presented to help find missing children in Utah.  The Utah AMBER Alert is funded solely with donations, and the Davis Chamber Women in Business is currently the only source of that funding. The fund-raiser, a costume party and silent auction were held last October.

• The YMCA of Northern Utah has received a $35,000 grant from the George S. and Dolores Doré Eccles Foundation to increase the number of youth from low-income families who can participate in its summer camps at Camp Roger and its out-of-school programs in both Salt Lake and Weber counties. The grant builds on the Foundation’s history of support for the YMCA’s programs and facilities. 

 

REAL ESTATE

• The Ogden office of Coldwell Banker Residential Brokerage has hired Mike Minkevitch, Christine Carver, Katarina Pomaybo and Mandi Lee. Minkevitch started his career with Coldwell Banker Residential Brokerage’s South Ogden office seven years ago before working briefly with Prudential for the past six months. In his return to the company, he will continue specializing in residential sales in the North Davis and Ogden areas. Carver earned her real estate license in 2006 and her broker’s license three years later in 2009.  She had previously worked with Coldwell Banker Residential Brokerage, but most recently was with Prudential Utah Real Estate. Prior to joining Coldwell Banker Residential Brokerage, Pomaybo owned her own real estate company, Tahoe Resort Realty, in California.  She has been a licensed agent since 1989, earning her California broker’s license in 2005 and her Utah broker’s license last year. Prior to joining Coldwell Banker Residential Brokerage, Lee worked at Prudential Utah Real Estate in South Ogden.  She has been a licensed agent for more than eight years. 

Prudential Utah Elite Real Estate, First Colony Mortgage, Vivint, Flagship Homes, Edge Homes, SUNROC Building Materials, Richmond American Homes, Utah Lifestyle Homes and Fit Marketing have teamed up to sponsor the first Utah’s Amazing Home Race. The winners of the race will receive $10,000 toward the down payment on a home. The event will be held on May 12 when up to 100 teams will set off on a one-day journey across Utah County for a chance to win. Each team is comprised of two racers, with at least one of them having been pre-qualified to purchase a home. At the starting line, teams will be given the location of 10 destinations they must travel to and it is up to them to determine the best route. At each location, the teams will compete in a series of mental or physical challenges. The first team to reach the finish line with all the tasks completed will win the $10,000 prize and be crowned the first Utah’s Amazing Home Race champion. All entrants must be from Utah County and intend on purchasing a home. The winning team must use the $10,000 toward a down payment within six months of the event, or the funds will be forfeited. For more information about the race, go to UtahsAmazingHomeRace.com

John Dowdle, Kathie Fischer and Sandy Ewing were recently recognized as the 2011 top sales producers at Daybreak, a more than 4,000-acre community in South Jordan. More people have moved to Daybreak in South Jordan than any other new-home community in Utah. In 2011, Daybreak had 222 new home sale closings and 114 resale home closings with an estimated dollar volume of $85,846,647.  Dowdle sold 36 new homes in Daybreak during his first year of working with Destination Homes. Fischer, of Holmes Homes, earned the second highest sales in Daybreak with 33 closings. Ewing, of Sego Homes, achieved the third highest sales in Daybreak with 21 new home closings.

 

RESTAURANTS

• The Sweet Tooth Fairy, American Fork, was declared winner April 8 in the most recent episode of Food Network’s “Cupcake Wars.” The gourmet bake shop became the first Utah company to win the show’s top honor, receiving $10,000. The firm’s first-round Cranberry Wine and Brie Cheesecake cupcake, when participants were required to create a cupcake using a few selected “mystery ingredients,” utilized dark chocolate, cranberry juice, red wine, brie cheese and cashews. The other cupcake flavors presented by the winning team included Sweet Tooth Fairy favorites Sweet Potato Pie, Creme Brulee and Nutella Crepe. These cupcakes will be available in Sweet Tooth Fairy stores over the next two months, with Cranberry Wine and Brie Cheesecake and Sweet Potato Pie featured throughout April, and Creme Brulee and Nutella Crepe debuting in May. As part of The Sweet Tooth Fairy’s Bake a Difference initiative, 25 cents from the sale of each winning cupcake will be donated to the Safe to Talk Foundation and the war on bullying. 

 

RETAIL

September Bickmore and Bonnie Ulmer of Deer Valley Grocery~Café produced the winning cocktail April 4 when a panel selected the original cocktail “Flower & Pine” as Park City’s “Signature Cocktail” for spring and summer 2012. Flower & Pine beat submissions from 11 other local bartenders and mixologists, who together took part in the Park City Restaurant Association’s Spring Cocktail Contest, which was held at Cisero’s Ristorante and Good Times Bar on Main Street. Deer Valley Grocery~Café took home a $100 cash prize and a trophy. Flower & Pine will appear on drink menus at Park City restaurants and bars through the rest of spring and summer 2012. The cocktail consists of 1.5 ounces of Beefeater gin, half an ounce of St. Germaine liqueur, half an ounce of Zirbenz Stone Pine liqueur, two dashes of Peychaud’s bitters and one lemon wedge. It is served in a martini glass.

Green Endeavors Inc. a majority owned subsidiary of Nexia Holdings Inc., Salt Lake City, has formed a new subsidiary, Landis Experience Center LLC, that has signed a seven-year lease to open an Aveda salon called the Aveda Experience Center at City Creek Center. It will sell Aveda’s full line of hair and skin care products. Aveda Experience Centers in the past were owned and operated by Aveda directly. Within the last year Aveda has allowed a few select salon operators to open and operate Experience Centers. Landis already operates an Aveda salon in Salt Lake City’s Marmalade district.

 

SPORTS/RECREATION

Ski Utah has presented several media members with honors. Jeff Sory and Tim Hughes of KSL Outdoor Radio were presented the Ski Utah Local Media Members of the Year award, presented annually to media members who share their passion for Utah winter sports through their work. For the past four ski seasons, Sory and Hughes have featured ski and snowboard resorts around the state and encouraged Utahns to ski and snowboard through the “Snow Day” segment of their show. Craig Gordon of the Utah Avalanche Center earned the Ski Utah Local Weather Enthusiast of the Year award. Gordon has been an avalanche forecaster since 2000 and developed the “Know Before You Go” avalanche education program for Utah’s young adults. The honors were presented during Ski Utah’s annual local media day at Solitude Mountain Resort.

 

TRAVEL/TOURISM

• The National Association of State Chief Administrators (NASCA), an association devoted to state chief administrators and a leading advocate in advancing professional development and best practice solutions for state government administrative functions, has chosen Salt Lake City as the site for its 2012 Institute on Management and Leadership, Sept. 23-25.

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