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4.10.2016 Display.Indd www.slenterprise.com April 10, 2017 Volume 46, Number 36 $1.50 OF NOTE Chamber happy with legislative results Brice Wallace tive recap event. “We shoot for 90 percent December called for better evaluation on every year.” The Enterprise the costs of Utah’s bills and administra- The session was record-setting in many tive rules to individuals, businesses and the ways. More than 1,500 bills were fi led and The state’s largest business association state’s economy. The session included a bill 535 passed — both setting new marks. is generally pleased with the recently con- and executive order that together represent The chamber’s “signature” wins came cluded legislative general session, during the most signifi cant overhaul of regulato- in the form of a bill and an executive or- which it had an 89-percent success rate on ry policy in state history, according to the der related to regulation reform, boosts to its priority issues. chamber. They will ensure that the costs of education and transportation infrastructure The Salt Lake Chamber took a position new regulations are better understood from funding, a makeover of alcohol laws, and on 86 bills and had a 76 percent success rate the outset. bills that could lead to better air quality. The with those, and it had an 89 percent success HB272 requires all future bills to in- organization was happy to see a “détente” rate with bills related to 19 priority bills. clude a regulatory note spelling out the Never (again) on Sunday on non-compete agreements, although “The one we really benchmark is that expected impacts as “low,” “medium” or some tweaks could be made before the next In response to feedback from the 89 percent, which is our effort on bills that “high” and whether the measures reduce or general session, but was frustrated that tax local communities where they we were actually involved in,” Michael enhance regulatory burdens. reform was delayed until the interim period. operate, all Dickey's Barbeque Parker, the chamber’s vice president of Regarding regulation, the chamber in Pit restaurant locations in Utah public policy, said during a recent legisla- see CHAMBER pg. 5 have begun closing on Sundays. North Salt Lake veteran Dickey's owner/operator Matt Jensen led a campaign for a company initia- tive bringing about the change. Salt Lake market The restaurants' "Kids Eat Free" deal will be moved from Sunday to Monday at the locations. housing prices Industry News Briefs pages 6-7 remain strong Business Calendar Home prices in the Salt Lake City mar- page 9 ket continued strong in February, according to a report released last week by property Classified Ads analytics and information provider Core- page 17 Logic of Irvine, California. The CoreLog- ic Home Price Index showed a 1.5 percent increase from January, bringing the growth rate for the past 12 months to 10.2 percent. Both the month-over-month and annual numbers include distressed sales such as foreclosures and short sales. Nationwide, sales prices increased by 1 percent in February over January. The an- nualized prices increased to 7 percent. CoreLogic also released its HPI Fore- Rocky Mountain Power has released details of it Integrated Resource Plan outlining details for pro- cast report for Febraury. According to the ducing affordable, reliable electricity for it customers for the next 20 years. Included in the plan is report, home prices are expected to increase major upgrading of the company's wind-powered generating operations such as these in Wyoming. nationwide by 4.7 percent from February 2017 to February 2018 and by 0.4 percent from February to March. The CoreLogic HPI Forecast is a projection of home pric- Rocky Mountain Power's 20-year, es using the CoreLogic HPI and other eco- nomic variables. Values are derived from state-level forecasts by weighting indices $3.5B plan strong on wind, solar according to the number of owner-occupied sion line to facilitate the wind expansion. households for each state. John Rogers The Integrated Resource Plan (IRP) “Home prices and rents have risen the The Enterprise was fi led with utility regulators and is used most in local markets with high demand and as a road map to help the company provide limited supply, such as Seattle, Portland and Rocky Mountain Power has unveiled a reliable electric service to customers at the Denver,” said Frank Nothaft, chief econo- 20-year, $3.5 billion plan to provide elec- lowest cost, the utility said in a release. mist for CoreLogic. “The rise in housing tricity to its customers that includes adding The Gateway West project was jointly costs has been largest for lower-tier-priced more solar and wind and making existing proposed by Rocky Mountain Power and homes. For example, from December to wind turbines more effi cient. The plan, un- Idaho Power and involves building and February in Seattle, the CoreLogic Home veiled last week, also incorporates building a segment of the Gateway West transmis- see RMP pg. 19 see HOME PRICES pg. 19 2 • April 10-16, 2017 • The Enterprise - Utah's Business Journal CircusTrix buys California firm Talent Ready Utah funding provides for CircusTrix Holdings, a Pro- “We’re excited for the intriguing vo-based developer and operator new opportunities and benefits we expansion of WTC's SheTech program of indoor extreme recreation parks believe this partnership will bring throughout the United States, Eu- to Rockin’ Jump and our franchi- Utah’s Women Tech Council has launched the Future events are planned to expand the pro- rope and Asia, has acquired Rock- sees.” first expansion event of its SheTech program to gram’s reach, especially in rural areas. Research in’ Jump Holdings LLC. Rockin’ Rockin’ Jump, which was provide access to hands-on tech experiences and from previous events shows 93 percent of partici- Jump, headquartered in Pleasan- founded in 2011, opened its first mentoring with industry experts to high school pating high school girls are interested in pursuing ton, California, is a franchise op- park in Dublin, California, and girls across the state. The program helps girls to STEM careers after taking part in SheTech Explor- erator of family-oriented trampo- has since grown to 39 franchised engage and is designed to inspire them to pur- er Day. line parks. and corporate-owned parks in sue science, technology, engineering and math “The SheTech expansion will greatly benefit The acquisition of Rockin’ the U.S. and abroad. It focuses (STEM) fields. students in rural Utah,” said Val Hale, executive Jump creates one of the largest on family entertainment and ex- The SheTech expansion was launched in part- director of GOED. “The Talent Ready Utah part- and fastest-growing indoor ex- ercise, particularly for kids ages nership the Governor’s Office of Economic De- nership will allow us to train and inspire students treme recreation and trampoline 6-13, and hosts birthday parties, velopment (GOED) and the Department of Work- by connecting them to high-demand, high-paying park recreation companies in the school events and family activi- force Services through a grant from Talent Ready jobs. We are committed to extending Utah’s eco- world, with 70 operational parks ties. Utah. By inspiring and engaging girls across the nomic success beyond the Wasatch Front.” and many more in the near-term “We’ve always admired state and especially in rural areas to pursue STEM, SheTech provides participating high school pipeline, according to a release- Rockin’ Jump and consider them SheTech helps accomplish the state’s stated goal girls continual engagement with STEM industries from CircusTrix. Rockin’ Jump’s one of the best-run franchise oper- of creating the skilled workforce needed to con- by helping them gain internships, learn about col- brand and franchise structure ations in our industry,” said Case tinue Utah’s strong economic growth, especially in lege scholarships and find courses that match their will remain in place. Core Rock- Lawrence, CEO and founder of tech-heavy areas. interests in their school and district. This continual in’ Jump leadership will join the CircusTrix. “We believe that pair- “Because women are a critical part of the tech- integration takes SheTech beyond traditional pro- CircusTrix team and continue to ing Rockin’ Jump’s expertise in nology economy, we want girls in all regions to re- grams that teach students skills by giving girls on- manage the corporate-wide fran- franchising and family entertain- alize the opportunities that STEM education and going resources, support and mentoring to contin- chise activity. ment with our focus on corporate careers provide them,” said Cydni Tetro, president ue their path into STEM and succeed. CircusTrix’s acquisition of facility development and the teen/ of the Women Tech Council. “By expanding this “As a university committed to ensuring stu- Rockin’ Jump follows the invest- young adult demographic is going program and ensuring that all girls in Utah have ac- dents are ready for the workforce, we recognize the ment in CircusTrix in December to raise the bar in our industry. We cess to industry and mentoring regardless of where value of bringing industry and education together 2016 by an affiliate of Palladium hope to continue offering the best they live, we are helping to develop our economy to create a stronger impact for students,” said Dana Equity Partners LLC, a middle- and most innovative parks we can and ensure the state’s success.” Dellinger, director of the Center for Technology market private equity firm with and bring additional expertise and The launch expansion event, called SheTech Outreach at Weber State University. “With SheT- approximately $2 billion in assets resources to help support Rockin’ Explorer Day, was done in partnership with Weber ech, we have the ability to help provide access to under management.
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