January 11, 2016

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Economic Outlook

Utah: An Economic Powerhouse By Heather Stewart and Spencer Sutherland ...Read More

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Best Companies to Work for 2015

The Sharing Economy


Educating Innovators

Ryan Ashton: Making a Difference in the Life Sciences

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Around Utah
Around Utah Facts December

Industry Outlook

Regional Report
Utah Valley Regional Roundtable

Reader's Choice
Les Madeleines: A Taste of the World


Around Utah Facts December

January 11, 2016

Salt Lake City – Utah Construction & Design (UC&D) announced its list of 2016 Most Outstanding Projects. A panel of nine industry professionals handed out awards to 31 projects from more than 80 submissions, including the LDS Provo City Center Temple, which earned the Project of the Year award. A recap of each of the 31 award-winning projects will be included in the December issue of UC&D.

Salt Lake City – The UTAH INSURANCE DEPARTMENT announced that it will place ARCHES HEALTH PLAN in receivership. Receivership will allow the Insurance Commissioner to supervise the runoff of its existing policies. Utahns who have individual health policies through Arches should contact their insurance agent or visit Healthcare.gov during open enrollment, which begins on November 1.

Salt Lake City – LES OLSON COMPANY is celebrating its 60th year in business offering office technology products and managed IT services to customers throughout Utah and Clark County, Nevada. Originally selling and servicing dictation equipment from his car, Les and his family have grown their organization to the seven locations they operate from today.

Salt Lake City – LARRY H. MILLER SPORTS & ENTERTAINMENT announced a partnership with VIVINT, a smart home provider and one of the top tech companies in Utah. The partnership will include naming rights of the downtown Salt Lake City arena that is home of the Utah Jazz and the region’s premier concert and entertainment venue. Financial terms of the 10-year agreement were not disclosed.

Salt Lake City – The UTAH DEPARTMENT OF FINANCIAL INSTITUTIONS (DFI) launched a redesigned website to help put financial information in the hands of institutions and consumers. The DFI primarily charters and regulates businesses providing financial services to the residents of Utah.

Salt Lake City – Principals of PROSPERITY 2020 and EDUCATION FIRST presented a 2015 Prosperity Through Education Report Card, highlighting the positive strides the Utah Legislature made in 2015 to improve education and what must happen in 2016 to elevate Utah’s education into the top 10 in the nation. In 2014, the two organizations developed a five-year plan and have been advocating that Utah fund specific objectives that will increase third and eighth grade reading and math performance, high school graduation rates, and post-secondary degrees and certifications.

Salt Lake City – RIDGEMONT EQUITY PARTNERS, a middle-market buyout and growth equity investor, announced the recapitalization of UNISHIPPERS GLOBAL LOGISTICS, a Salt Lake City-based provider of third-party logistics services to small and medium-sized businesses. Financial terms of the transaction were not disclosed.

Salt Lake City – PRAXAIR, INC, will upgrade its air separation liquefaction capabilities in the Salt Lake City area to meet demand in the region. A new liquefier will be added to Praxair’s plant, which will nearly double the production of both liquid nitrogen and liquid oxygen. The project is expected to be completed in the first quarter of 2017. 

Salt Lake City – MACEY’S, a locally-owned Utah grocery store, is helping to make grocery shopping more convenient by offering Macey’s anywhere, an online shopping option, to its Utah County guests. With Macey’s anywhere, shoppers can place their order online and pickup their groceries the same day with curbside service.

Salt Lake City – WESTERN GOVERNORS UNIVERSITY (WGU) is launching a new scholarship program to help veterans and their spouses go back to school and earn their bachelor’s and master’s degrees. The WGU Salute to Veterans Scholarship, valued at up to $2,500 per student, will be applied at the rate of $625 per six-month term, renewable for up to four terms, toward WGU’s tuition of about $3,000 per term for most programs. WGU will award up to 50 scholarships to new students nationwide.

Salt Lake City – Utah floral business BROWN FLORAL was awarded the prestigious Centennial Award by the Society of American Florists (SAF). The award, which was presented to Brown Floral recently at the SAF annual convention in Florida, recognizes those businesses in the floral industry that have served their community for more than 100 years.

Draper – OGIO INTERNATIONAL opened its new Draper headquarters. At 25,000-square-feet, its new office is nearly double the size of OGIO’s previous headquarters. OGIO’s new headquarters features a showroom for retail customer meetings and consumer focus groups. In addition, the new headquarters boasts an on-site fitness center to support the company’s healthy and fit culture.

Salt Lake City – In November, students from 34 universities across the United States and abroad competed in the 2015 Chem-E-Car Competition held in conjunction with the AMERICAN INSTITUTE OF CHEMICAL ENGINEERS (AIChE) Annual Student Conference, which was held in Salt Lake City this year. Cornell University and McGill University tied for first place in the competition, which features cars ranging in size from shoeboxes to fire hydrants that are powered by alternative fuels.

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