Industry Briefs for week of June 25, 2012
Jun 25, 2012 | 363 views | 0 0 comments | 9 9 recommendations | email to a friend | print

BANKING

Bank of American Fork has rolled out ExpressCollect, an online solution that allows businesses to accept online payments or donations directly from their customers’ bank accounts or credit cards. ExpressCollect offers businesses a unique URL at which to accept customer payments and allows each business to customize its payment page with branding, including logos, color scheme and content.

 

CONSTRUCTION

Big-D Construction, Salt Lake City, was recently ranked by Engineering News Record as one of the Top 100 Design-Build Firms in the nation. The only Utah-based contractor to make the list, Big-D was ranked at No. 56, up from No. 92 in 2011. During the design-build process, Big-D is in charge of the design, engineering and construction of the project.  

• Ground has been broken the new Student Life and Wellness Building and Parking Structure, a pair of facilities that together will add 323,494 square feet of much-needed space to the heart of Utah Valley University’s Orem campus. The two structures will be built side-by-side, adjacent to the north end of the Sorensen Student Center. GSBS Architects, Salt Lake City, teamed up with Niagara Falls, N.Y.-based Cannon Design for the architectural design of the structures. Salt Lake City-based Jacobsen Construction will serve as contractor.

John E. Fortuna has been appointed chief operating officer of Jacobsen Construction Co. Inc., Salt Lake City. He most recently served as a construction manager. Since joining Jacobsen in 1992, Fortuna has provided executive leadership for dozens of major projects on the state’s college and municipal campuses. Among those completions are the Warnock School of Engineering at the University of Utah, The Huntsman Cancer Institute, and major research and laboratory buildings on most Utah campuses.  The Utah State University Agricultural Science Building is his most recent completion.  The L.S. Skaggs College of Pharmacy, now in construction, will be yet another of the instruction and laboratory buildings completed under his watch.  

Steel Encounters, Salt Lake City, continues work on two new projects in Utah County that push the envelope — with glass. In Lehi, Adobe Omniture is constructing the first building of its planned campus. The 680,000 square foot project (three 200,000 square foot buildings and one 80,000 square foot amenities structure) can be seen from I-15 near the Highland/Alpine exit. A structural glass wall was selected to create a feeling of openness on the two opposing 80 x 45-foot walls. The first phase of the project will be completed later this year. Further south, in Provo, Nu Skin is expanding its corporate headquarters by 160,000 square feet. Bohlin Cywinski Jackson Architects, known for its extensive use of glass in Apple stores throughout the world, has designed a six-story office building and three-story lab space for the location. Although the building uses extensive glass and metal, the focal point will be the atrium entry that spans across what was once 100 West. Both Adobe and Nu Skin are being constructed by Okland Construction of Salt Lake City.

 

ECONOMIC DEVELOPMENT

Grow America, an Ogden-based firm whose mission is to create jobs and lift local economies, has named Jack W. Sunderlage executive vice president of national sales. Sunderlage most recently served as CEO of ContentWatch, a local provider of Internet management software and services that includes the Internet filtering software Net Nanny. Prior to ContentWatch he held key sales and marketing executive positions with Burroughs, UNISYS, Digital Equipment, Compaq Computer and Hewlett-Packard.

 

ECONOMIC INDICATORS

Utah has earned a “Golden Shovel” award from Area Development, a New York-based publication covering corporate site selection and facility planning, in recognition of projects undertaken in 2011 creating a significant number of high-value-added new jobs as well as investment. The publication cited a list of projects: IM Flash in Lehi, ITT Corp. in Salt Lake City, eBay in Draper, CSN Stores and Home Depot in Ogden, EMC Corp. in Draper, JBS USA Holdings Inc. in Hyrum, Litehouse in Hurricane, L-3 Communications in Salt Lake City and Hexcel Corp. in West Valley City. 

• Two Utah companies were honored at the 10th Annual American Business Awards, which were presented last week in New York City. Overstock.com, Salt Lake City, won Company of the Year in retail, while CEO Patrick Byrne won Executive of the Year for retail. Provo-based Vivint Inc., one of the largest home automation companies in North America, won Corporate Social Responsibility Program of the Year for companies with more than 2,500 employees, and Customer Service Department of the Year. Sponsors and partners of The 2012 American Business Awards include American Support, Business TalkRadio Network, CallidusCloud, Citrix Online, Dynamic Research Corporation, Iolo technologies, John Hancock Funds, LifeLock, PetRays, Primus Telecommunications Group, SoftPro and VerticalResponse.

 

FINANCE 

Stratos Wealth Partners, Solon, Ohio, has entered the Utah market by hiring two former Morgan Stanley Smith Barney advisors, Craig P. Adams CFP and Steve Beierlein. They will create a new Ogden office for Stratos. A location is being finalized. The addition boosts the network of Stratos Wealth Partners to over 125 affiliated advisors managing over $4 billion in client assets under management. The new Ogden office will maintain approximately $250 million in client assets through the transition to an independent business model.

 

HEALTH CARE

Intermountain Health Care, Salt Lake City, will receive $9.7 million from the U.S. Department of Health and Human Services to develop a sophisticated computer system — among other innovations — that will forecast which interventions will be most effective in reducing a patient’s risk for depression, and treating patients with depression in Utah and Idaho. The funds come from the second round of Health Care Innovation Awards by the federal government.

• For the fifth consecutive year, Intermountain Healthcare has been selected by Computerworld magazine as one of the top workplaces for information technology professionals. The honor is part of the publication’s annual “Best Places to Work in IT” survey.

 

HUMAN RESOURCES

Utah’s nonfarm wage and salaried job count for May 2012, as generated by the U.S. Bureau of Labor Statistics (BLS), expanded by 2.4 percent compared against the employment level for May 2011. This is a 12-month increase of 28,800 jobs, and raises total wage and salary employment to 1,230,500. The seasonally-adjusted unemployment rate—generated by BLS—is Utah’s other primary indicator of current labor market conditions and registers 6.0 percent. Approximately 81,100 Utahns are considered to be actively unemployed. The current United States unemployment rate, as compared to last month, rose one-tenth of a percentage-point to 8.2 percent. Nearly all of Utah’s industrial sectors continue to add jobs over the past 12 months, the lone exception being the leisure and hospitality sector. The government sector expanded by just 600 positions, so the bulk of Utah’s employment growth is occurring within private sector businesses. On a percentage basis, the goods-producing industries (mining, construction, manufacturing) are the most robust, with a year-over growth rate of 4.9 percent. The much larger service-producing side of the economy (84 percent of all employment) is estimated to have employment gains of 1.9 percent over the past year, although quantitatively the service-producing side added 19,500 jobs to 9,300 in goods-producing.

 

INSURANCE

• Three Utah companies are among the most recent to name EMI Health, Salt Lake City, as their dental benefits provider. Game Gear, Larkin Mortuary and Oasis Stage Werks are now among the more than 500 Utah companies that are members of EMI Health, which has covered Utahns since the 1930s.

• The MGIS Companies Inc., a leading national provider of physician insurance products, based in Salt Lake City, has sold its medical-professional liability insurance retail brokerage unit, MGIS P&C. The move clarifies the company’s focus on its existing national broker network and leadership position within the group-physician insurance market segments. The MGIS P&C East and West business unit accounts and in-force policies are being purchased by two separate buyers — Doctors First Inc. and Hub International Ltd.  Doctors First Inc. offers health care providers several lines of insurance and related services that help physicians run their medical practice more efficiently. Hub International is a global insurance brokerage providing property, casualty, risk management, life and health, employee benefits, investment and wealth management products and services across North America and Latin America.

 

MANUFACTURING

• Orem-based Aribex, a manufacturer of hand-held X-ray devices, was recently highlighted in an article in the online version of Plastics Today, a publication supporting the plastic molding industry. The article discusses how Aribex moved its plastic injection molds from China back to a vendor in the United States. That vendor, while not mentioned specifically in the article, is Biomerics Utah Plastics, another Utah company.

 

MEDIA/MARKETING

• Park City-based digital design and development studio Rally Interactive has won a 2012 Apple Design Award for its design and development of an iPhone app for National Geographic called National Parks by National Geographic. The app launched in the iTunes store on April 19. It is a guide to 20 of the most visited U.S. national parks, featuring photographs, helpful tips, photo tips and maps. While the basic version of the app is free, users can purchase additional content within the app. Rally has since launched an iPad version of the app, which debuted as an iTunes Editor’s Choice iPad app on June 14.

PROBAR, a Salt Lake City provider of plant-based food products, has selected Salt Lake City-based Struck to lead PROBAR’s major rebranding campaign initiative. Leveraging its professional experience and heritage in branding, including recent high-profile rebrands for TCBY and the U.S. Speedskating Team, Struck is tasked with conceptualizing and executing a company rebranding campaign to roll out over the next nine months.

 

NATURAL RESOURCES

• Salt Lake City-based BoartLongyear.com, an integrated exploration drilling products and services provider, received the distinguished Safety and Health Achievement Recognition Program (SHARP) award from the Utah Occupational Safety and Health Administration for its Salt Lake City manufacturing plant.  The facility worked with OSHA to identify and implement best practices to protect workers by developing an innovative management system. The firm’s sales in 2011 were over $2 billion, and the company employs over 10,000 employees worldwide. Contract drilling services are conducted in over 40 countries, and exploration products are manufactured in seven global factories and sold to customers in more than 100 countries.

 

REAL ESTATE

CBRE Group Inc., through its direct HUD FHA lender CBRE HMF Inc., has completed construction financing for the Brick Stone Apartments on Main, a market rate housing development to be located in South Salt Lake. The loan was funded through HUD’s Section 221(d)(4) program, providing construction financing together with a 40-year, fully amortizing permanent loan. The Brick Stone on Main project will include 112 one- and two-bedroom Class A apartment homes. The project will be situated one block west of State Street, the main north-south commercial thoroughfare in the Salt Lake Valley. The four-acre site will encompass four three-story and two two-story walk-up wood-frame residential buildings, a recreational clubhouse and two single-story garage buildings. Amenities will include a fitness center, outdoor pool, athletic court and children’s play area. The project is being sponsored by BMJS, LLC, which has been involved in the development of single-family and commercial properties and multifamily town homes. BMJS principals Ben Massimino and Jason Shiebler have been involved in multiple apartment property investments. 

• The Living Planet Aquarium, gearing up for its new facility in Draper, is looking for 5,000 to 8,000 square feet of warehouse space to store tanks for sharks and other species that are being collected in anticipation of the new facility. The space needs to have concrete floors and three-phase power and needs to be air conditioned. The ideal location for the space would be in the South Salt Lake Valley. The space will be needed from about July 1, 2012, through November 2013. For more information contact Ronnie Daniel at (801) 355-3474 ext. 221, or ronnie.d@thelivingplanet.com.

TerraSol in South Salt Lake, a 60-unit urban infill development near downtown Salt Lake City, received a Gold Nugget Award of Merit in two categories: Green Sustainable Residential Community and Single Family Detached Home Under 1,700 square feet in the 2012 Gold Nugget Award design and planning competition. In South Jordan, The Solaris Collection at Daybreak received a Gold Nugget Award of Merit in two categories: Residential Project of the Year-Detached Product and Single Family Detached Home 1,700 to 2,500 square feet. The projects were built by Garbett Homes, Salt Lake City, and designed by KTGY Group Inc. Both TerraSol and Solaris are high density single-family homes for cost-conscious, eco-minded buyers and include Solar PVT (photovoltaic thermal) panels, geothermal heating and cooling and a super-tight energy-efficient building envelope with HERS ratings under 40 in a Climate Zone 5.

 

RESTAURANTS

Bambara, a Kimpton restaurant in downtown Salt Lake City, has gone mobile, taking chef Nathan Powers’ New American Bistro fare on the road to guests’ homes and businesses. Powers introduces new menus seasonally, using organic and sustainable ingredients. His cuisine embraces straightforward New American fare, including a wide variety of seafood and game. 

 

RETAIL

• In addition to previously announced tenants such as Zumiez, Torrid, ParkStone Wood Kitchen, Sushi Monster, Claire’s, Famous Footwear and the recently opened Maurices, the Station Park retail development in Farmington also announced the following new tenants: H & M Hennes & Mauritz AB (H&M), Swedish retailer known for its affordable as well as up-to-date and high-quality fashions; Francesca’s Collections boutique, which features limited quantities of handpicked women’s fashions and accessories; Republic of Couture; Charming Charlie; Twigs Bistro & Martini Bar; and Bandidos Mexican Restaurant. Developer CenterCal Properties is currently working with many additional tenants, such as Chico’s and White House Black Market.

Zane Day, a 38-year veteran of Smith’s Food & Drug Stores, has accepted the position of vice president of merchandising for Smith’s. He will oversee all product sales and merchandising direction for the company’s 133 stores throughout the Intermountain West. Day most recently served as vice president of operations. Day has held several other key positions managing merchandising and operations for the grocery chain in his long grocery retail career, including procurement director for the company’s Tolleson distribution center in Arizona. Day is being replaced by Colleen Juergensen. She previously served as vice president, operations for the Dillon division of The Kroger Co. based in Hutchinson, Kan. 

• In June and July, Weller Book Works, Salt Lake City, will host two semi-formal social salons for collectors of rare books. It has been dubbed the Collectors Book Salon and will occur on the last Friday of both months from 6:30 until 9 p.m. in the Rare Book Department on the second floor of Weller Book Works in Trolley Square. WBW will provide hors d’oeuvres and beverages and make available special deals for collectors in attendance. Tony Weller will make a brief bibliophilic presentation at 7:30 during the June 29 salon. For more information, please contact Tony Weller or Joan Nay at (801) 328-2586 or by e-mail to joan@wellerbookworks.com.

 

TRAVEL/TOURISM

• The Utah Office of Tourism and the Governor’s Office of Economic Development have launched a photography contest designed to show people enjoying the state. The “Faces in Places in Utah” contest is open to anyone. Possible examples include photos of a child’s face at the Utah State Fair, a dancer’s focus during an important recital, the exhilaration of a first-time skier, the triumph of a hiker reaching the summit at Angels Landing in Zion National Park and the concentration of a concert pianist or research scientist. The contest also features a special business category, highlighting the faces of Utahns in the workplace and the positive human impact on the state’s vibrant economy. A panel of graphic designers, photographers and outdoor enthusiasts will judge the photographs based on photographic quality as well as promotional appeal. Prizes will be awarded for first- and second-place winners in each geographically designated category (northern, central, and southern Utah) for both students and nonstudents. First-place winners will receive $1,500 and second-place winners will receive $750. Each region will have a first- and second-place photo awarded in the business category, also with $1,500 and $750 prizes. Winning photographs will become the property of the state of Utah and may be included in the 2014 Official Utah Scenic Calendar, on the office’s website www.VisitUtah.com or other collateral material. The contest is free and open to anyone 18 or older, except for employees or immediate family members of the tourism office or GOED. Entries must be full-color, original photographs depicting Utah, preferably taken within the last 12 months. Photographers may submit up to 12 entries. Entrants must submit a signed photo release form for each identifiable person in each photograph. The contest runs through Jan. 18, 2013. Finalists will be notified via e-mail by Feb. 1, 2013. The winning photos may be displayed at Tourism Day on the Hill on Feb. 13, 2013, in the Capitol rotunda. More information is at VisitUtah.com, by contacting Audrey Livingston at aelivingston@utah.gov, or by calling the Utah Office of Tourism at (801) 538-1030 or (800) 200-1160.

Salt Lake City has been chosen as the site for the North American Securities Administrators Association (NASAA) Fall 2013 Conference. Roughly 500 NASAA members are expected to attend the September meeting, which brings together securities regulators, securities law professionals, financial services industry representatives, consumer advocates and legislative and regulatory policymakers for an in-depth look at key financial services policy issues. According to NASAA, the  conference is expected to bring over $1 million to the local economy through lodging, meals and meeting related expenses by its members, who held their first convention in Salt Lake in 1922.

 
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