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Business

Four men in suits and hard hats shovel dirt for a groundbreaking.
Jon Reed / KUER

20 companies took advantage of the state’s 2019 tax rebate program. They’re bringing nearly 10,000 high-paying and over $300 million in state revenue with them over the next 15 years, according to the Governor’s Office of Economic Development (GOED). 

Photo of downtown Salt Lake City.
Pinpals / Pixabay

The United States added more than 200,000 jobs last month, according to the latest report from the Bureau of Labor Statistics. While wages and jobs are growing in the Mountain West, they aren’t outpacing the skyrocketing cost of housing. 

Photo of cherry trees in Payson, Utah.
Courtesy of Growers and Members of Payson Fruit Growers

Utahns mostly eat imported fruit and vegetables, but the state is one of the country’s biggest tart cherry producers, behind Michigan. In 2018, production reached 41 million pounds, totalling over $9 million. But a local grower says the industry is at risk, and hopes to soon resolve a case in which it’s asking the federal government to protect it — and other U.S. cherry producers — from Turkish imports.

Photo of the inside of an Amazon warehouse.
Scott Lewis / Flickr

Amazon, one of the world’s largest and highest valued companies, has been expanding its operations all over the globe — including Utah. It was recently announced that a third operation will bring 300 new jobs to the state, though details about when and where the facility will be have yet to be released. 

Photo of Dugins West in Park City.
Wikimedia Commons

There’s Black Friday, then there’s Small Business Saturday. 

Man stands at podium with sign “Zions Bank Consumer Attitude Index.” Toys line the shelves behind him.
Jon Reed / KUER

The Tutoring Toy in Salt Lake City seemed an appropriate place to announce the latest findings in Zions Bank’s monthly consumer attitude index. That’s where Zions economic consultant Chad Berbert revealed that while faith in the economy dipped slightly from last month, Utah families are expected to spend a median of $700 this holiday season, which is up $200 from last year. 

Man stands at podium with sign “Zions Bank Consumer Attitude Index.” Toys line the shelves behind him.
Jon Reed / KUER

The Tutoring Toy in Salt Lake City seemed an appropriate place to announce the latest findings in Zions Bank’s monthly consumer attitude index. That’s where Zions economic consultant Chad Berbert revealed that while faith in the economy dipped slightly from last month, Utah families are expected to spend a median of $700 this holiday season, which is up $200 from last year. 

Photo of Running Utes alum Arnie Ferrin and Wat Misaka.
Mae Miya / Utah Sports Hall of Fame

Updated 11:41 a.m. MDT, 11/22/19

Editor’s note: During impeachment inquiry hearings, KUER is offering news roundups from around the state and audio of those stories as a resource for our audience.

After filing trademark protections last year, the Utah-based e-commerce giant Backcountry.com has filed several lawsuits against organizations with the word “backcountry” in their names.

Stock photo of an underground mine shaft.
iStock

The largest private coal company in the country, Murray Energy Corporation, filed for bankruptcy on Tuesday, leaving workers at its 15 active mines across the country — including one in Utah — wondering how the move will affect their livelihoods. 

Photo of the land where a new Tyson Foods facility will be located.
Jon Reed / KUER

Bulldozers have begun flattening out the 800 acres that will one day be home to a Tyson Foods meat packing facility, the first for the company west of the Rocky Mountains. The company is one of the largest food processors in the country and expects to employ 800 people when the plant opens in 2021, with entry level jobs starting at a minimum of $16/hour.

Personal income is on the rise across the country, and some of the biggest increases are in Mountain West states, according to data published last week by the U.S. Bureau of Economic Analysis.

Photo of a Smith's Food and Drug store.
Wikimedia Commons

America’s biggest supermarket chain is removing free publication racks from its stores beginning this month, prompting criticism from alternative weekly newspaper publishers. 

“These are some of our largest distribution sites,” said John Weiss, founder of the Colorado Springs Independent. “As fewer people are reading the dailies, more people are getting their newspaper fix from a free weekly. It’s hard to beat our price.”

iStock

For a growing number of companies, there’s green on the horizon in Utah — and not just because of its business-friendly climate. Increasingly, they’re drawn to the state’s sunny skies, which are becoming more and more a viable source of renewable energy. 

A photo of Andrew Gruber, executive director of the Wasatch Front Regional Council, presenting the Wasatch Choice 2050 Vision plan at a convention on Thursday in Salt Lake City.
Jon Reed / KUER

Growth is coming to the Wasatch Front. 

That was the refrain at Planners’ Day, part of the Utah League of Cities and Towns annual three-day convention in downtown Salt Lake City on Thursday. 

Thossaphol for iStockphoto

Manufacturers would get new tax breaks under a bill passed Tuesday by a Utah Senate Committee. The move continues a longstanding policy of being business friendly. 

Getty Images/istockphoto.com

Businesses that use the words ‘Park City’ in their names might lose the right to do so.  The company Vail Resorts has filed an application to trademark Park City.

Judy Fahys/KUER

Two inches might not sound like much. But when you’re the states’ largest home-builder and you’re adding two extra inches of insulation to the outside walls of all the new homes you’re building, it adds up to big energy savings – and less air pollution.

How The Interest Rate Increase Affects Utahns

Dec 16, 2015

The Federal Reserve has announced an increase to short-term interest rates, but what does the move mean for Utahns?

Flickr: DFSB DE

Unmanned Aerial Systems, better known as drones, are cropping up all over the news in recent months, mostly for flying where they shouldn’t. But one Utah company has decided to follow the law, and hopes they can be an example for how drones can improve lives.

File: Utah Solar Energy Association

The world’s largest alternative energy development company, SunEdison Inc., announced last week it’s buying a Utah rooftop solar company in what some people see as a sign of a power revolution.

Brian Grimmett

New car manufacturers like Tesla have begun disrupting the new car sales industry. They’re trying to sell directly to consumers without using independent dealers, and that’s caused some controversy across the county, including here in Utah.

Brian Grimmett

International travel at the Salt Lake Airport just got a little bit easier.

Salt Lake County

Salt Lake County broke ground Friday on a new 288-unit Apartment Complex near historic Main Street in Magna. Local officials hope it will entice young families to live in the area.

Brian Grimmett

The Utah based online retailer Overstock.com is now offering to pay its employees using the electronic currency, Bitcoin.

Utah Economic Review

A comprehensive new report on Utah’s economy says business is doing well at the beginning of 2015, and that bodes well for workers, too.

Andrea Smardon / KUER

Utah business leaders unveiled a five-year plan on Tuesday to improve the educational system in the state. The plan comes just one day after test results revealed that less than half of Utah students are proficient in math, language arts, and science. Business leaders say Utah’s student performance is on a downward trend relative to the rest of the country.

Brian Grimmett

Sen. Mike Lee, R-UT, criticized the United States’ regulatory climate in Salt Lake on Thursday at the Utah Solutions Summit.

Brian Grimmett

Governor Gary Herbert has named Val Hale as the new executive director of the Governor’s Office of Economic Development.

Hale most recently worked as the president and CEO of the Utah Valley Chamber of Commerce. He also spent seven years working in administration at Utah Valley University and 22 years in BYU’s athletic department. He says he’s ready for this new challenge and understands the great responsibility that comes with it.

Whittney Evans

Salt Lake City’s downtown farmer’s market opens for its 23rd summer season this Saturday. And one local vendor is preparing for another busy year.

It really is a family affair at The Soap Lady’s house in Sandy. Kathy Wawrzyniak’s kitchen is brimming with pots and freshly baked loaves of soap.

“Well I have my sister Michelle and she just does everything,” Wawrzyniak says. “She’s concentrating on wrapping, making sets today, but she helps me make soap and does pretty much everything. I have my niece in the back. She does bath bombs today.”

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