www.slenterprise.com April 9, 2018 Volume 47, Number 37 $1.50 OF NOTE Utah's CBC Advisors split Utah execs stay between two new owners bullish on state's Toronto-based Colliers International Group John Rogers Inc. The CBC Advisors offi ces acquired by The Enterprise Colliers include all of the Utah offi ces, an offi ce in Alaska and one in Glendale, Cali- economic future One of Utah’s heavy hitters in the com- fornia. In addition to the headquarters of- Utah’s business executives continue to mercial real estate arena has been busted up fi ce in downtown Salt Lake City, the fi rm be bullish on the state’s economy, accord- — well, sort of. has offi ces on Millrock Drive in Salt Lake ing to the Salt Lake Chamber’s fi rst-quarter Although the local leadership and staff City, in St. George, in Pleasant Grove and CEOutlook survey released recently. Ac- No laughing matter of Salt Lake City-based Coldwell Banker a valuation offi ce on Wasatch Boulevard in cording to the report, 55 percent of business Commercial Advisors (CBC Advisors) will Salt Lake City. leaders surveyed believe Utah’s economy is Amid a fl urry of bad fi nancial remain in place, just about everything else The Colliers Utah-based operation has somewhat better or signifi cantly better than news for electric car maker Tesla, — including its ownership — has changed. just six months ago. its chief executive Elon Musk Offi ces and operations in the company’s In- The chamber’s CEOutlook is a state- found it appropriate to respond termountain region have been purchased by see CBC page 15 wide economic survey of Utah business ex- with an April Fool's joke tweet that ecutives that was started in the fi rst quarter the company was going bankrupt of 2017. The chamber said the survey seeks "despite intense efforts to raise to provide a forward-looking view of the money, including a last-ditch mass Utah economy. “While the survey is still in sale of Easter eggs." Sharehold- its early phases, the results could help busi- ness and community leaders make informed ers didn't think it was funny as the decisions about likely future economic con- company's stock price dropped ditions,” according to a chamber release. signifi cantly on Monday morning. The survey results will be tracked and com- Industry News Briefs pared to overall economic conditions to as- pages 6-7 sess the predictive power of the CEOutlook. The study also shows Utah executives Business Calendar have a positive outlook about Utah’s future page 9 economy. Fifty-two percent feel that eco- nomic conditions in Utah will be somewhat Real Estate better in the next six months — a 7 percent page 14 jump from the previous quarter. For the fi rst time since the CEOutlook survey began, a majority of executives are more optimistic Jeremy Robbins, executive director of the New American Economy, discusses immigration re- about their own industry growth than that form during the Salt Lake Chamber’s recent American Dream Awards ceremony honoring three of Utah’s future economy, with 55 percent immigrants and one organization. At left is Jason Mathis, the chamber’s executive vice president. reporting that their industry will perform somewhat better six months from now. Fac- tors that executives believe could have a negative impact on Utah’s economy include Speakers: 'World welcome the tight labor market, increasing housing prices, rising interest rates and the recent actions on trade and tariffs, according to the here' not just catchphrase survey. City’s pioneer founders and their decision “We now have fi ve quarters of survey Brice Wallace to settle in Utah as religious refugees,” said results from Utah executives and we’re see- The Enterprise Tim Wheelwright, chairman of the Salt ing that their optimism about Utah’s econ- Lake Chamber’s Immigration Reform Task omy continues to grow,” said Lane Beattie, When it comes to immigration, Utah is Force. “Since that time, Utah has welcomed president and CEO of the Salt Lake Cham- different. hundreds of thousands of refugees and im- ber. “During this fi rst quarter of 2018, we That was the sentiment expressed by migrants from all religious backgrounds, saw the CEOutlook Confi dence Index rise several speakers at the recent American social stations and regions. from 60.63 to 62.36, a reversal of several Dream Awards ceremony in Salt Lake City. “When we hosted the Olympics in quarters of decline. This rise is a welcome That difference, they said, stems from the 2002, we said, ‘The world is welcome sign that business leaders’ already strong state’s heritage. “These awards are a nod to Salt Lake see PIONEERS page 8 see EXECS page 15 2 • April 9-15, 2018 • The Enterprise - Utah's Business Journal CBRE report: Commercial real estate carrying strength from 2017 into the new year Despite the current real estate Retail boom going beyond what was Retail experienced the most expected, Utah’s commercial real volatility out of all property types estate market just keeps on grow- in 2017, where shifts in consumer ing. That is the finding of CBRE’s behavior have led to an evolu- Salt Lake City Real Estate Market tion of nationwide retail, culmina- Outlook report released last week. ting with numerous high-profile The first 900,000-square-foot phase of Copper Crossing @ I-80 industrial park is under construction in Salt Lake City. The publication highlights the retail closures early in the year. performance of the local com- However, both retailers and lan- mercial real estate market during dlords are adapting, and activi- 2017 and provides insights into ty improved dramatically in the Copper Crossing @ I-80 industrial park under expectations for the year to come. second half of the year. Population “We are now in the second- growth has been a primary driver -longest expansionary period in of local retail activity, resulting development in SLC’s Northwest Quadrant U.S. history, yet Utah’s commer- in significant construction in the Riverbend Management Inc. and Amazon have already located the state of Utah and the newly cial real estate market shows litt- Southwest Quadrant. of Idaho Falls, Idaho, has begun nearby. formed Utah Inland Port Author- le sign of slowing,” said Lloyd 2018 Tailwinds development of a 420-acre in- Conveniently located just off ity to attract top-tier industrial Allen, managing diretor of CBRE • Utah’s population was the dustrial park in Salt Lake City’s of I-80, Copper Crossing is four and manufacturing tenants to the in Salt Lake City. “Business- third-fastest-growing in the nation Northwest Quadrant. Called Cop- blocks from the Union Pacific In- Northwest Quadrant to ensure friendly policy, a strong economy in 2017 at 1.9 percent. Job growth per Crossing @ I-80, the master- termodal Hub and five minutes prospects considering locating and quality of life continue to was 3.1 percent over the same planned development is located from the Salt Lake City Inter- here receive all of the resources draw outside interest into the Salt period — 160 basis points higher at approximately 300 South and national Airport, the developers our city and state have available,” Lake market. In 2017, a record than the national average. 6400 West. said. Phase 1 of the project, which said Jensen. $2.2 billion in investment sales • Fiscal reform, including per- IPG Commercial Real Es- includes three buildings totaling Jensen and Michael Jeppesen was achieved along the Wasatch sonal and corporate tax cuts, will tate has been selected to market 900,000 square feet and covering of IPG Commercial will oversee Front and development and leave more money in the pockets the new development. According 56 acres, is now under develop- the listing on behalf of Riverbend demand levels across all market of investors, employers and con- to Jeremy Jensen, executive vice ment. The first building is sched- Management. segments remain elevated.” sumers. In the short term, this is president at IPG Commercial, this uled to be delivered in the fourth Riverbend is a privately held Some of the key findings expected to have a unique late-cy- is the only project in the Salt Lake quarter of this year. When com- investment company that invests highlighted in the report include: cle stimulative effect on both the City area offering rail-served sites pletely built out, Copper Crossing in real estate, private equity, ag- Investment national and local level. with the ability to accommodate @ I-80 will boast nearly 6 mil- riculture, infrastructure and capi- Driven by a continued • The heightened level of up to 1 million square feet in one lion square feet of logistics, ware- tal markets. Riverbend’s real es- inflow of out-of-state and ins- commercial activity in late 2017 building. house and manufacturing space, tate strategy focuses on direct and titutional funds, total investment carries a momentum that crosses The site already includes the said Jensen. joint-venture development and sales volume in the Salt Lake over into 2018, boosting the fore- nearly completed $275 million “Riverbend Management and value-add opportunities in select market reached a record-breaking cast for both real estate and the UPS regional operations facil- IPG Commercial are committed growth markets throughout the $2.2 billion in 2017. This also broader economy. ity. Costco Wholesale, Sephora to working with Salt Lake City, U.S., the company said. marks the single best year for • Despite softening, Salt Lake multifamily sales, which reached will retain a position of strength $1.1 billion. As quality product relative to markets nationwi- becomes more scarce, investors de. This will continue to attract have begun turning to value- investors and businesses to deploy -add opportunities, contributing capital in Utah, further stimula- to a slowing in capitalization rate ting economic activity. compression. Buyers remain acti- 2018 Headwinds ve, demonstrating long-term con- • With Utah unemployment fidence in the local market. ending 2017 at 3.1 percent, con- Industrial cerns about the availability of Does your The industrial market conti- labor continue. Utah is increasin- nues to defy cyclical considera- gly dependent on in-migration to tions and posted another record extend the labor pool; however, year for construction in 2017. in-migration is expected to increase business Growth in 2017 was principally in 2018. driven by large distribution and • A shortage of skilled labor logistics operations. The number and the rising price of raw mate- need of new leases signed for over rials have driven up construction 100,000 square feet nearly tripled costs substantially across Utah the historical average. Vacancy and the nation. This further contri- Talk to continued to decrease and market butes to the existing housing shor- demand is not likely to soften tage and threatens Utah’s relative Capital? anytime soon. affordability. a pro... Office • Utah’s economy is particu- Salt Lake’s office market has larly exposed to policy related to been more susceptible to cycli- trade and immigration. Stricter cal maturation. Demand remained immigration rules could exacerba- strong for quality product throu- te existing labor supply issues for ghout 2017 and construction con- critical industries like construc- tinued to boom in the suburbs, but tion and manufacturing. activity was more subdued down- • The Federal Reserve is town. The near-term outlook, expected to raise the Federal www.capitalpropartners.com however, is positive, with a strong Funds Rate three times in 2018, construction pipeline set to drive pressuring interest rates and activity in both suburban and potentially disincentivizing bor- (801) 512-0308 downtown areas throughout 2018. rowing. The Enterprise - Utah's Business Journal • April 9-15, 2018 • 3 New research: Utah facing several threats to housing affordability Anyone paying attention to do, Oregon and Montana) and that Wood, Ivory-Boyer Senior Fel- in a statement. Housing afford- household with income above the Utah real estate news knows that Utah incomes fail to keep pace. low at the Gardner Policy Institute. ability is defined as a housing unit median has a one in 130 chance. housing prices continue to esca- Utah households with income be- “But, the threat to affordability in which owners or tenants pay • Economic competitive- late. And that may not be a good low the median for all households from rising prices may be second- no more than 30 percent of their ness. Housing prices in Utah have thing, according to a research brief experience the greatest affordabil- ary to increasing interest rates, household income toward housing not yet been a constraint to eco- release by the Kem C. Gardner ity challenge. The research iden- which could significantly reduce costs. nomic growth but there is cause Policy Institute at the University tifies strong housing demand; - in housing affordability and home- Additional key findings and for some concern. The median of Utah’s David Eccles School of creasing land, labor and permitting/ ownership opportunities for a large details from the new research in- sales price of a home in Utah’s Business. The report found that the development costs; and Wasatch share of Utah households.” clude the following: two large metropolitan areas is rapid escalation presents a threat to Front topography as major reasons The Salt Lake Chamber con- • Household income and af- already 20 percent higher than housing affordability. for Utah’s rapidly rising cost of tracted with the Gardner Policy In- fordability. For households be- home prices in Boise, Las Vegas Researchers found that mar- housing. stitute to conduct the research. Se- low the median income, high and Phoenix — three cities Utah ket conditions confirm a housing “Housing prices in Utah will nior business leaders in the state housing prices often jeopardize competes with for new business shortage in Utah, that the state ex- continue to increase at rates well wanted a better understanding of economic well-being and prevent expansions. perienced the fourth-highest hous- above the national average due to Utah’s housing market and the homeownership while for most • Policies of local govern- ing price appreciation since 1991 relatively high rates of population challenges to affordability in the households above the median in- ment can help. Many of the (outpacing every state but Colora- and economic growth,” said Jim Beehive State, the chamber said come, homeownership is still causes of housing price increas- achievable, due primarily to sev- es are beyond the control of pol- eral years of historically low inter- icy makers. Labor shortages, est rates. However, an increase in Wasatch Front topography, and mortgage rates to 6 percent could material and labor costs are three jeopardize homeownership oppor- of the most important causes un- tunities for many households with related to public policies. But one incomes above the median and se- potential source of cost control is riously reduce housing affordabil- the policies and ordinances of lo- ity in Utah. cal government. Those cities that • Incomes not keeping pace. adopt measures encouraging and Housing affordability in Utah, supporting housing affordability over the long-term, is threatened will improve the overall prosper- due to the gap between the an- ity, air quality, housing and trans- nual real rate of increase in hous- portation cost not only for their ing prices of 3.32 percent and cities, but for the region and the the annual real rate of increase in state. household income of 0.36 percent. In Utah housing prices increase much faster than incomes. Con- South Jordan Embassy Suites by Hilton opens sequently, many households face UTAH’S BUSINESS JOURNAL high levels of housing cost bur- Embassy Suites by Hilton has 24-hour fitness center, pool, a busi- “Per the last recorded year, USPS # 891-300 dens. opened its new hotel at 10333 S. ness center, laundry service and Salt Lake City’s ski industry has Published weekly by: Jordan Gateway in South Jordan meeting centers. Each room is also been on the rise, resulting in more • Greatest challenge is Enterprise Newspaper Group just off I-15. Owned and managed equipped with a refrigerator, cof- visitors than ever before during the households with income be- 825 North 300 West Ste. NE220 by Western States Lodging LLC, feemaker, microwave, ergonomic winter season,” said Alan Roberts, low the median. The current af- Salt Lake City, Utah 84103 the hotel is a 192-unit, all-suite desk chair, a laptop-sized safe, an global head of Embassy Suites by fordable housing crisis in Utah 801-533-0556 FAX 801-533-0684 www.slenterprise.com property consisting of 159 two- HDTV and complimentary Wi-Fi. Hilton. “By offering additional is concentrated in households with income below the median. A PUBLISHER & EDITOR room suites and 33 studio suites. It Western States touts the prop- lodging options near some of the R. George Gregersen household with income below the also features the Brickstones res- erty as being close to attractions nation’s best ski areas, our new PRESIDENT taurant and a 4,198-square-foot such as Utah’s ski resorts, Cow- property allows guests to enjoy median has a one in five chance David G. Gregersen ballroom. abunga Bay water park, the Love- the region’s many attractions while of a severe housing cost burden, [email protected] paying at least 50 percent of their VP/GENERAL SALES MANAGER Additional amenities include land Living Planet Aquarium and providing added value to travel- Dale Dimond a 24-hour Pavilion Pantry Market, the Hale Centre Theatre. ers.” income toward housing, while a [email protected] MANAGING EDITOR John M. Rogers [email protected] CONTROLLER FIRST-TIME Richard Taylor [email protected] OFFICE MANAGER Dionne Halverson [email protected] REAL ESTATE SECTION [email protected] HOMEBUYERS CIRCULATION Dionne Halverson DON’T WASTE YOUR DOWN PAYMENT [email protected] LIST DEVELOPMENT ON A DOWN PAYMENT Laneace Gregersen [email protected] ADVERTISING INQUIRIES [email protected] TO CONTACT NEWSROOM [email protected] 801-481-8840 ART SUBMISSIONS [email protected] UcreditU.com Subscription Rates: Online only, $65 per year Print only, $75 per year Online and Print, $85 per year Any opinions expressed by the columnists are not USE IT TO FURNISH YOUR NEW HOME necessarily the opinions or policy of Enterprise, it’s owners or managers. Reproduction or use of contents without written consent of the publisher is prohibited. All rights reserved. NO DOWN PAYMENT © 2013 Enterprise Newspaper Group Inc. Periodical postage paid at Salt Lake City, Utah POSTMASTER: Send address corrections to: 100% FINANCING AVAILABLE! P.O. Box 11778, Downtown Station Certain restrictions apply. Transactions require separate closing costs. Visit UcreditU.com for details. NMLS #654272 Salt Lake City, Utah 84147 4 • April 9-15, 2018 • The Enterprise - Utah's Business Journal I-15 ‘Technology Corridor’ rebuild tops UDOT’s Top 10 projects in 2018 The Utah Department of spring start to widen I-15 to six I-215 from the I-15 interchange million. I-80 will be widened to are scheduled to be completed by Transportation (UDOT) will lanes in both directions between in North Salt Lake to 2100 North add a new westbound lane for the end of the year. oversee work on 188 highway S.R. 92 (Timpanogos Highway) and construct a new diverging trucks from Jeremy Ranch to 9. S.R. 9. Springdale, $19 projects throughout the state this and Main Street in Lehi. This diamond interchange at Red- Parleys Summit and a new wild- million. Crews are reconstruct- year. Projects will range from is the last remaining section of wood Road and I-215. Construc- life crossing at the summit. In ing S.R. 9, the gateway to Zion sidewalk and streetlight instal- I-15 between Salt Lake City and tion started in February and will addition, crews will repave the National Park, through the town lations to the rebuilding of a 12- Spanish Fork where the freeway continue through the end of the interstate from Lambs Canyon to of Springdale. Workers are re- lane section of freeway in Utah is still only four lanes wide. The year. Kimball Junction. Construction moving the old pavement and County. The price tag? UDOT project will fi nish in late 2020. 4. I-80/S.R. 36 Bridge Re- started last week and is sched- replacing it with new asphalt sets the value of its ongoing and 2. I-15 Southbound. Salt placements. Tooele County, $30 uled for completion by the end and adding new pedestrian and planned projects for the year at Lake County, 2100 South to million. UDOT will replace three of the year. bike improvements. This proj- $1.46 billion. 12300 South, $180 million. The bridges on I-80 near the S.R. 36 7. Mountain View Corri- ect is scheduled to fi nish before The agency also named the project will widen I-15 in Salt interchange of eastbound and dor. Utah County, $41 million. the peak visitor season later this westbound I-80 over the Union month. Top 10 projects, which include Lake County by adding a new Mountain View Corridor in Utah Pacifi c railroad tracks and the 10. S.R. 108. Syracuse, $52 widening and rebuilding free- southbound lane from 2100 County will be extended from S.R. 36 ramp bridge. Construc- million. UDOT is entering the ways, constructing new inter- South to 12300 South. Also in- the Redwood Road/2100 North tion on these bridges will start in second year of construction to changes or redesigning existing cluded is the redesign of some intersection to S.R. 73. Work later this spring and is expected widen and reconstruct S.R. 108 ones and repaving and upgrading of the southbound ramps at the also begins later in the spring to be complete in summer 2019. from Antelope Drive to 300 other local and regional high- I-15/I-215 south interchange to and will fi nish in 2019. 5. Bluff Street. St. George, North in Davis County. Work on ways. Several of the projects will improve traffi c fl ow and towiden 8. Bangerter High- $51 million. UDOT is widening this project will be completed way. continue beyond 2018, UDOT 7200 South to three lanes from Bluff Street in St. George from Four Interchanges, $201 this fall. said. I-15 to Bingham Junction Boule- 100 South to Sunset Boulevard. million. Work continues to UDOT maintains a traffi c Listed as UDOT’s Top 10 vard in Midvale. Work is expect- Crews will add a lane in each di- convert four intersections on website where drivers can keep projects for 2018 are: ed to be complete in late 2019. rection and add turn lanes at sev- Bangerter Highway into free- informed about traffi c fl ow rela- 1. I-15 Technology Cor- 3. I-215/Redwood Road eral intersections. This project way-style interchanges. New in- tive to ongoing projects. There is ridor. Utah County, S.R. 92 to Diverging Diamond Inter- started in January and will con- terchanges are under construc- also a smartphone app. Both are Lehi Main Street, $450 million. change. North Salt Lake, $40 tinue for about 12 months. tion at 5400 South, 7000 South, available at udottraffi c.utah.gov. The project is scheduled for a million. Crews will reconstruct 6. I-80. Parleys Canyon, $30 9000 South and 11400 South and

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12393 S. Gateway Park Pl., Suite 400, Draper, Utah 84020 The Enterprise - Utah's Business Journal • April 9-15, 2018 • 5 ings account (HSA) non-bank cus- assets, including 96 percent cus- todian. todial investment growth, and 24 CORPORATE FINANCIAL REPORTS “HealthEquity recorded a percent growth of HSA members. strong fiscal year 2018 by open- “Our revenue for the year was ing a record 669,000 new HSAs up 29 percent to $229.5 million and The following are recent in our company’s history. share, up from $26.4 million, or and helping members grow their our adjusted EBITDA (earnings financial reports as posted by “There were numerous sub- 44 cents per share, for the prior HSA assets to $6.8 billion,” Jon before interest, taxes, depreciation selected Utah corporations: plots to this year’s income. The year. change in tax laws was favor- Revenue in the most recent Kessler, president and chief execu- and amortization) was up an even tive officer, said in announcing the higher 35 percent to $84.7 mil- Security National Financial able, the impact of accounting fiscal year totaled $229.5 million, results. “We continued to outpace lion as the team continued to drive Security National Financial changes varies depending on the up from $178.4 million in the the market and gain market share greater profitability in our busi- Corp., based in Salt Lake City, quarter but was probably nega- prior year. with 35 percent growth in custodial ness.” reported after-tax earnings from tive at year-end, property valua- HealthEquity is a health sav- operations of $14.1 million in tions, especially in the Midwest, 2017, up from $12.2 million in were definitely unfavorable, as 2016. Revenues in 2017 totaled were two hurricanes in our major $276.9 million, down 9 percent. mortgage markets. The interest Net earnings per common share rate backdrop remains challeng- was 87 cents, up from 77 cents in ing, rates rising enough to quell 2016. mortgage volumes industry- The company has three busi- wide, but not enough to increase ness segments: life insurance, substantially the return on our cemeteries/mortuaries and mort- invested assets. Nevertheless, we gages. accomplished a 12 percent return “To paraphrase a famous on shareholders equity and a 13 baseball player regarding hitting percent increase in earnings per the ball, ‘I do not set the distance share.” to the mound, I do not set the size of the ball, I do not set the distance HealthEquity to the fence. My job is simply to HealthEquity Inc., based in hit the ball,’” Scott Quist, chair- Draper, reported net income of man, president and chief exec- $5.9 million, or 9 cents per share, utive officer, said in announc- for the quarter ended Jan. 31. ing the results. “Similarly, we That compares with $4 million, do not set tax laws, we do not or 7 cents per share, for the same set accounting rules, we do not quarter a year earlier. set market interest rates, we do Revenue in the most recent Managed I.T. Services not control natural disasters, and quarter totaled $60.4 million, up we do not control market-based from $46.8 million in the year- property valuations. What we did earlier quarter. do was accomplish a 15.8 percent For the full fiscal year, the www.WasatchIT.com increase in after-tax income to company reported net income $14,114,000, the second-highest of $47.4 million, or 77 cents per (801) 983-3671 Draper electronics accessories

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a privilege to work with innovative companies like C-Slide to Mondays! Tuesdays! Wednesdays! help them achieve their goals and objectives,” said Crewe Capital managing director Michael Lunt. “Crewe Capital was very instrumental in understanding the TWISTY value we had created in our business, identifying Liebman Group FRITTER SPRINKLES as a partner and negotiating the terms of the transaction,” said MThursdays! Fridays! Saturdays! C-Slide founder and CEO Ron Gustaveson. “We are very happy with the outcome.” Liebman Group has partnered with the existing management team at C-Slide to recapitalize the business and to provide addi- tional capital to support future growth across corporate promo- Donuts Brownies Fritters tional, retail and B2B direct sales channels, the company said. Management will maintain a significant minority ownership posi- tion in the company going forward. Turnovers Muffins C-Slide, founded in 2009, markets 14 patented products across a wide range of devices, including mobile telephones, tab- Family Owned & Operated lets, notebook computers, desktop computer monitors and smart televisions. The c ompany sells its products primarily to Fortune 500 companies as custom-branded corporate promotional items 2278 So. Redwood Road

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6 • April 9-15, 2018 • The Enterprise - Utah's Business Journal Industry Briefs

Industry Briefs are provided as Erica Bohl at erica@sandycham- public hearing on the matter will be • Xevant, a Salt Lake City- and the firm’s chairman since that a free service to our readers. ber.com or (801) 727-4502. April 17 at 7 p.m. at the Salt Lake based managed-care client optimi- time. Through 2009, he also served Company news information may • Western Governor’s City and County Building, third zation company, has hired Chris as the firm’s CEO. Josh Stewart be sent to [email protected]. University’s College of floor. Details about “Funding Our Cowley as director of software joined Wasatch full time in 2006. The submission deadline is one Information Technology has added Future” is at www.fundingourfu- development. Cowley has more Wasatch Funds also announced week before publication. a bachelor’s of science in com- tureslc.com/get-involved. than 20 years of managed-care data that it has approved a plan to merge puter science (BSCS) degree pro- • Salt Lake City Mayor experience. His education includes the two Wasatch funds currently AGRICULTURE gram. It is offered online and is Jackie Biskupski has proclaimed a B.S. degree in business adminis- managed by Sam and Josh Stewart • Vendor applications are being competency-based. Students can the month of April as “Craft Beer tration from Utah State University. — Wasatch Strategic Income Fund accepted for the 2018 “Back to Our begin their program as early as Month” to recognize the city’s • CHG Healthcare, a Salt Lake and the Wasatch World Innovators Roots” Farmers Market, running June 1. The program will teach local brewers and their contribu- City-based healthcare staffing Fund — into two new funds with July 28-Oct. 27 at Centennial Park, students to design, develop and tion to Utah’s economy. The city company, has named Rob Millard similar objectives and strategies 5405 W. 3100 S., West Valley City. optimize systems, preparing them has 15 craft breweries, up from its new chief financial officer. managed by the two at their new Details are available by contacting for opportunities in careers such three microbreweries two decades Millard has experience in banking firm. The merger is expected to John Brubaker at john.brubaker@ as computer systems analyst, pro- ago. The craft beer industry and financial occur in the third quarter. Sam and wvc-ut.gov or (801) 509-1964. grammer, AI specialist, software contributes $450 million to the services, serv- Josh Stewart will remain employ- engineer, UX designer, and net- Utah economy each year and ing most recent- ees of Wasatch Advisors and will ASSOCIATIONS work architect. is closely tied to tourism, the ly as CFO at manage the funds until the merger • The American International mayor’s office said. Earnest Inc. in is completed. Automobile Dealers Association San Francisco. (AIADA) has named Brad Strong Before Earnest, as its 2018 chairman. Strong is HEALTHCARE MANUFACTURING • ProLung Inc. has appointed Millard spent 12 • Petersen Inc., a manufac- the co-dealer principal of Strong Mark V. Anderson as chief finan- Rob Millard years at Arthur turing company based in Ogden, Volkswagen, cial officer. Most recently, he was Andersen in has appointed Bryan Crowell as Audi Salt a partner with Eide Bailly LLP and New York and 14 years at GE chief operating officer and pro- Lake City and previously a partner with Hansen, Capital Bank in Salt Lake City. moted Frank Shaw to vice pres- Porsche Salt Barnett and Maxwell, which was Millard succeeds Sean Dailey, ident-program office and Dean Lake City. He acquired by Eide Bailly LLP. His who announced his retirement ear- Vernon to vice was recognized MACHINE experience also includes quality lier this year after two decades with president-oper- at AIADA’s 48th control director and engagement the company. ations. Crowell annual meeting TECHNOLOGY partner for various public and pri- joined the com- and luncheon Brad Strong vate companies in healthcare and pany with more in Las Vegas. SOLUTIONS INVESTMENTS other industries. He holds both • Canopy, a Lehi-based than 25 years Strong is a third-generation dealer. HONNEN bachelor of science and a master of cloud-based practice management of operational With his brother, Blake, he runs a EQUIPMENT professional accountancy degrees platform for tax and accounting management stable of dealerships that have been Bryan Crowell 1380 S. Distribution Dr., SLC from Weber State University. professionals, has announced the and engineering in operation since the 1940s. He 801-262-7441 ProLung, based in Salt Lake City, closing of a $30 million fund- has served on AIADA’s board of is focused on predictive analytics ing round led by New Enterprise directors since 2009. EXPANSIONS technology and non-invasive tests Associates (NEA), with participa- • Sportsman’s Warehouse, for the risk stratification of indeter- tion from Wells Fargo Strategic ECONOMIC Midvale- has announced it will minate pulmonary nodules. Capital, Pelion Ventures, INDICATORS have new retail stores in Milpitas, • Sound Sleep Medical, a den- University Growth Fund and • Cedar City is ranked No. 52, California, and Coon Rapids, tal practice specializing in treat- EPIC Ventures. Salt Lake City is No. 124 and St. Minnesota. The Milpitas store ing sleep apnea with oral appli- • Neighbor, Salt Lake City, George is No. 141 in a list of U.S. will be the company’s 11th in ances, has opened offices at 1075 has received $2.5 million in seed Frank Shaw Dean Vernon cities based on how long $1 mil- California. Both store are expected N. Washington Blvd., Ogden, and funding from Peak Ventures and lion lasts in retirement, compiled to open this summer. The company 3216 N. University Ave., Provo. It Pelion Ventures. Founded in experience. He also is a Shingo by SmartAsset. The company cal- will have 92 stores in 23 states. maintains an office in Sandy that 2017, Neighbor is a peer-to-peer Award-winning author of the book culated the average cost of living • USANA Health Sciences, opened in January. Consultants/ self-storage company. Own the Gap: How to Build a for retirees in the largest U.S. cit- Salt Lake City, has announced it office managers are Aubrey • Wasatch Advisors Inc., Daily Kaizen Culture. Shaw has ies. McAllen, Texas, topped the will expand into four European Angus in the Sandy office, Mindy Salt Lake City, has announced been with Petersen for more than rankings, at 42.29 years. markets: Romania, Germany, Italy Sowers in Provo, and Misty Pond the planned departure of founder 30 years. Vernon has 12 combined and Spain. The company will have in Ogden. and chairman Sam Stewart, who years with the company. EDUCATION/TRAINING 24 markets worldwide. • The board of directors of will leave to join Seven Canyons • The Sandy Area Chamber of HealthEquity Inc., a Draper- Advisors LLC, a company estab- OUTDOOR PRODUCTS/ Commerce’s Business Institute, GOVERNMENT based health savings accounting lished by members of his family. RECREATION/SPORTS Josh Stewart in partnership with Business • Salt Lake City Mayor non-bank custodian, has elected Son also will leave • Utah’s ski resorts have Performance Group Inc., will Jackie Biskupski and the Salt Debra McCowan to the board Wasatch to join the new family- announced their closing dates offer a Sales Academy this spring, Lake City Council are seeking and its Compensation Committee. owned firm. Sam Stewart founded with classes beginning in May. The McCowan is a human resources Wasatch Advisors in 1975 and resident feedback on a sales tax see BRIEFS next page academy will offer six modules, and bond proposal. They are cur- professional has served as a portfolio manager including building a foundation for rently exploring the possibility of with more than success, building rapport, captur- activating a 0.5-percent sales tax 25 years of ing a prospect’s attention, building option provided to the city in 2015. global manage- a sales arsenal, developing a pow- The ongoing funding could be used ment experi- erful presentation, and asking for to help fund growth-related prior- ence. She cur- the business. The cost is $600 for ity areas of street repair, afford- rently is the chamber members. The institute, in able housing, transit service, and executive vice partnership with Firetoss, also will neighborhood safety and security. Debra McCowan president and offer a Marketing & Advertising The proposed sales-tax increase chief human Academy, with classes starting in is estimated to generate between resource officer of Equinix Inc. May. The academy will cover SEO, $32 million and $34 million annu- She previously was the co-founder pay-per-click advertising, Google ally and would exempt food (gro- and partner at Accelerance Inc., ad words, programmatic display ceries) and large purchases like served as vice president of world- advertising, and how to maximize automobiles. The potential bond wide human resources for Avago web traffic. The four-week course is estimated to be $87 million and Technologies U.S. Inc., and vice costs $500 for chamber members. would replace two bonds approved president of human resources for Details are available by contacting by voters 20 years ago. A council Hitachi Data Systems. The Enterprise - Utah's Business Journal • April 9-15, 2018 • 7 Industry Briefs

Equity. He also held roles at Cisco include three to six bedrooms their outdoor product idea. The be the company’s 113th. It will from previous page Systems, Tyco International, IBM and approximately 2,000 to 2,510 winning product is the Orindi feature chef-crafted food, cock- and KPMG. square feet. mask by Jordan Vanderham and tails, hundreds of arcade games for the 2017-18 season, depend- Jared Seifert. It is designed to and a sports bar filled with dozens ing on weather. Alta’s closing enable easier breathing in cold of HDTVs. will be April 15, but the resort REAL ESTATE RECOGNITIONS • Buchanan Street Partners, • United Way of Salt Lake weather by warming the air for the will reopen April 20-22, April a California-based real estate has announced its United for user. The second-place product, RETAIL 27-29 and May 4-6. Other clos- investment management firm, has Change Changemaker award Locker Lifestyle by Katarina • Station Park, Farmington, ing dates are Brian Head, April acquired a 160-unit multifamily honorees for 2018. United Way Samardzija, provides users has announced that Best Buy has 15; Brighton, April 22; Powder property in Cottonwood Heights will honor Gail Miller, owner with a place to keep small valu- signed a lease to open a store there Mountain, April 15; Snowbasin, from RK Properties for $31.75 and chair of the Larry H. Miller ables when being active. Locker this fall. The 36,000-square-foot April 15; and Solitude, April 15. million. Buchanan Street plans to Group of Companies; the Promise Lifestyle products are designed store will offer major appliances, Beaver Mountain, Deer Valley, upgrade the unit interiors, improve Partnership Regional Council’s co- to be worn on the head or wrist. audio and home theater technol- Eagle Point, Nordic Valley, building exteriors and common chair, Kirk Aubry, and found- She received $7,500. The third- ogy, and other products and ser- Park City and Sundance have areas, and have a rebranding cam- ing co-chairs Martin Bates place, $5,000 prize was won by a vices. It will be the company’s already closed. Closing dates for paign to reposition the project in and Mark Bouchard; Debbie team from Utah State University. ninth store in the Salt Lake City Cherry Peak and Snowbird have the market. James Wadsworth, Koji, principal of South Kearns Their product, LIMID, provides area. Station Park also said Nike yet to be determined. managing director at Berkadia, Elementary School; and Zions consumers with water-activated Factory Store will open April • Ski Utah has promoted represented both Buchanan Street Bancorporation and Zions beacon lights for life jackets. The 26. Three stores — Sports Clips, Hailey Klotz to content director. and RK Properties in the trans- Bank. The Changemaker awards honorable-mention prize went to Jersey Mike’s Subs and Sleep She is charged action. The acquisition follows are presented to businesses, civic Zach Skoheim of Grand Valley Number — will open this summer with manag- Buchanan’s 2017 acquisition of leaders and organizations that State University for the Trail at Station Park West, the third ing, producing another Salt Lake City area prop- work with others to create mea- Tracker, which helps prevent off- phase of the property. and dissemi- erty, a 298-unit apartment project. surable change in the community. road vehicles from colliding. More • Med One Group, a Sandy- nating content • CBRE Inc. has appointed Recipients will be honored April than 80 contestants nationwide based medical equipment leas- on SkiUtah. Lloyd E. Allen as managing direc- 10 at the third annual United for submitted a 90-second video pitch ing, rental and sales company, com and tor of its Salt Lake City office, Change breakfast. Details are at of an outdoor-product idea. has appointed Andy D’Ascenzo Ski Utah’s overseeing all unitedforchange.uw.org. • West Valley City is among to its board social media Hailey Klotz business lines • The Sandy Area Chamber 30 finalists for the 2018 Secretary of directors. channels. After for the CBRE of Commerce has announced of Defense Employer Support D’Ascenzo is graduating with a marketing operation in three people who will receive 2018 Freedom Award. The nomi- currently serv- degree from the University of Utah. Allen has Titan Awards later this year: Ann nator’s service is the Air Force ing as the glob- Utah in 2013, she began her career spent most of Romney, best-selling author and Reserve. The finalists represent al vice presi- at Ski Utah as a public relations his profession- global ambassador for the Ann large and small employers, as dent of sales intern and later became marketing al experience Romney Center for Neurological well as government organiza- at Qualcomm manager. Lloyd Allen in law, where Diseases; Sterling Nielsen, presi- tions. The Employer Support for Andy D'Ascenzo Life. His career • Vista Outdoor Inc., he has served dent and chief executive officer of the Guard and Reserve (ESGR) also has includ- Farmington, has named Miguel as general and corporate coun- Mountain America Credit Union; received 2,350 nominations for ed serving in executive sales posi- “Mick” Lopez as the company’s sel, worked in private practice and and Jay Francis, executive vice employers in all 50 states, Guam- tions at Alaris Medical Systems, senior vice taught law as an adjunct profes- president of corporate affairs and CNMI, Puerto Rico, the U.S. Cardinal Health, CareFusion Corp. president and sor. In 2006, he transitioned to Miller Family Philanthropy for the Virgin Islands and the District and Becton Dickinson. chief financial commercial real estate where he Larry H. Miller Group. of Columbia. A board will select officer. Lopez has worked in various capacities, • Two student teams from and announce 15 recipients of the has over 30 TECHNOLOGY/LIFE including most recently as sales Grand Valley State University in award by mid-June. years of experi- SCIENCES director and principal broker of Michigan took first- and second- ence in finance, • Pluralsight, a Farmington- CBRE’s Salt Lake City operations. place prizes in the first Outdoor RESTAURANTS operations based technology learning plat- Allen’s education includes a bach- Weber competition, hosted by • Dave & Buster’s will open a and strategy, form, has announced it has submit- Miguel Lopez elor of science in accounting from Weber State University’s Hall location in May at The Gateway in with a back- ted a draft registration statement the University of Utah. Global Entrepreneurship Salt Lake City, with more than 250 ground that includes corporate on Form S-1 to the U.S. Securities • PREP Property Group Inc., Center. The winning team people expected to work there. The finance, treasury, financial plan- and Exchange Commission relat- Park City, has hired Numa Jerome received $30,000 toward funding 45,000-square-foot location will ning and analysis, tax, investor ing to the proposed initial public as vice president of leasing. Jerome relations, strategic planning and offering of its Class A common has 25 years of risk management. Most recently, stock. The initial public offering experience in he served as the CFO of Veritas is expected to commence after the the retail real Technologies from 2016-2017. He SEC completes its review process, estate industry. also was CFO for Harris Corp. subject to market and other condi- Prior to joining and Aricent Group/KKR Private tions. PREP, Jerome was senior vice For all your truck equipment needs president of TRANSPORTATION If it goes on a truck we probably do it! • William K. England, who East Coast leas- Numa Jerome led the growth of transportation ing at Combined company C.R. England Trucking Everything for the Properties. He served in the U.S. Service bodies, atbeds, dumps, plows Co. along with his brother Eugene, Contractors Army Reserve from 1986-1992 Tool boxes, cranes, van interiors & much more. died March and he began his real estate career 28. William We rent the best in 1993 as a senior financial ana- England was lyst and later as a leasing rep- CALL US FOR A QUOTE born in 1923 resentative with Combined. He and with his 4343 Century Drive subsequently held senior posi- brother built Salt Lake City, UT 84123 tions at Federal Realty Investment the compa- Trust and Edens & Avant. Jerome ny from one 801- 262-5761 returned to Combined Properties in William England truck in 1946 2008. www.centuryeq.com to now more • Richmond American Homes 4285 West 1385 South than 5,000. William England also of Utah Inc. has opened South Salt Lake City, Utah 84104 served on the boards of both the Hills, a neighborhood at 15000 S. 1-800-442-6687 Utah Trucking Association and the Academy Parkway, Herriman. It www.semiservice.com American Trucking Association. features two-story homes, which 8 • April 9-15, 2018 • The Enterprise - Utah's Business Journal

Church of Jesus Christ of Latter- ago, and they themselves were welcoming state in the United become disheartened, he said. PIONEERS day Saints. refugees and immigrants and States. You made that, and let’s Every few years, Congress seems from page 1 Lane Beattie, the chamber’s homeless and downtrodden,” Pe- continue that, and let’s welcome to make progress on reform, only president and chief executive of- terson said. “And I think that it’s more refugees into our commu- to see it falter. here.’ That is not an empty catch- ficer, said the awards “showcase only fitting and appropriate that nity.” But Robbins encouraged ev- phrase. That is, in fact, who we the amazing immigrants that are today we have the opportunity, as Escamilla, who in 2008 be- eryone to get involved. are.” making a difference in our com- well as the responsibility, to try came the first immigrant elected “Most of us don’t have a nat- Three immigrants and one munity.” to reach out and help those that to the state Legislature, said that ural platform for this. It’s easy to organization received the awards The LDS church in 2016 are suffering from similar cir- in a nation “extremely divided feel like, ‘I don’t matter. I can’t during the chamber event: Aden responded to 147 countries on cumstances today in this commu- by political rhetoric, hatred and do this. I don’t really know the is- Batar, director of immigration 2,630 projects with over 1,500 nity.” bigotry,” the awards symbolize sue well enough so I’m not going and refugee resettlement at Cath- partners to serve millions of Salt Lake City and Utah hope. to call Congress. It’s so disheart- olic Community Services; Luz people worldwide. Steve Peter- “welcomed me and gave me a “By inviting and encourag- ening. What if this guy asks some Escamilla, a Utah state senator son, managing director of the home,” said Batar, who came ing and recognizing and embrac- questions I can’t answer? I’m not and vice president of community church’s welfare system, urged to Utah after fleeing Somalia. ing the stories and experiences a political activist.’ development at Zions Bank; Val- audience members to assist peo- “When we came here, it was not of new pioneers, new Ameri- “The reality is, it’s easier ter Nassi, owner and proprietor ple new to Utah. easy, but we were welcomed with cans, immigrants and refugees than you think. It feels really hard of Valter’s Osteria; and LDS Hu- “This community was set- open arms. … And that’s why I and those who serve them, we are and it feels like one voice among manitarian Services, part of the tled by pioneers about 171 years like Utah, because it is the most 330 million doesn’t matter,” welcoming the dialogue that is so but members of Congress track needed in these times,” said Esca- phone calls they receive and pay milla, born in Mexico. “It allows attention to stories, columns and for us to be humans. We should letters to the editor in newspapers humanize new Americans, and as they “test the waters” on is- it serves as a reminder that this sues, Robbins said. country was and continues to be “I think most members are built on the backs of new Ameri- looking for a way to get to ‘yes’ cans and their families.” on immigration and they need to Jeremy Robbins, executive feel like they’re supported,” he director of the New American said. Economy, a bipartisan coalition Jason Mathis, executive vice of more than 500 CEOs and may- president of the Salt Lake Cham- ors making the economic case for ber, expressed optimism that au- immigration reform, said Utah dience members would leave has 250,000 immigrants. About with “a small sense of hope on 12,000 have started businesses this issue.” that employ 31,000 people. Im- “It is an issue that is divisive. migrants, he said, “are all over It is an issue that’s easy to be dis- the economy.” heartened on. It’s an issue that While the national debate it’s easy to get beaten down on about immigration is “very frac- because every day there’s anoth- tured,” he said, “immigration is er story or something else that’s a great thing for America’s econ- going on and not always positive omy.” One of the nation’s com- – most of the time negative,” he petitive advantages is having new said, urging people to “recommit generations of people “come and to the issue.” reinvigorate the American spirit,” “Because, really,” he said, he said. “it’s only through the efforts of Still, immigration has been everyone who is here today and used as a political football “where thousands of other regular, ordi- you don’t ever really solve the nary, normal businesspeople and problem,” and it is easy for im- other people, that we’ll ever get migration reform supporters to anything done.”

65 Years. Helping You Grow. The Enterprise - Utah's Business Journal • April 9-15, 2018 • 9 Calendar

Calendar listings are provided April 11 in Entrepreneurship” Series at April 12, 5-6 p.m. Free. Registration can be com- as a free service to our read- Seventh Annual Safety Westminster College. Speakers “How to Get to a Multi- pleted at http://bit.ly/2018pie. ers. Information about upcoming Conference, presented by the Utah are Geralyn Dreyfous of Impact Million-Dollar Exit,” a Startup events may be sent to brice@ Manufacturers Association and the Partners and Katie Holland of Ignition event. Speaker John slenterprise.com. The submission April 17, 8 a.m.-2:30 p.m. deadline is one week before pub- Utah Mining Association. Morning Illuminate. Lectures are a college- Richards, instructor, founder and “Managing the Ill or Injured lication. keynote speaker Griff Nielson, level class open to the public. chief executive officer of Startup Worker Under the ADA, FMLA president of Lifetime Fitness, will Location is Westminster’s Gore Ignition, will discuss how to and Workers’ Compensation,” discuss “Discovering Your Force Auditorium, 1840 S. 1300 E., Salt do the right things in the right an Employers Council event. April 10 Within: Four Keys to Defeating Lake City. Free. Registration can order to get to the finish line Location is Employers Council, Breakfast Meeting, an Workplace Fatigue.” Afternoon and how to avoid the game-end- Utah office, 175 W. 200 S., Suite ACG (Association for Corporate be completed at Eventbrite.com. keynote speaker Chad Hymas ing mistakes. Location is Davis 2005, Salt Lake City. Cost is $185. Growth) Utah event. Networking will discuss “In a Hurry?” Event Technical College, Business Details are at employerscouncil. is at 7:15 a.m. Breakfast and April 12, 8-9 a.m. also features breakout sessions Resource Center, 450 Simmons org. presentation will be 7:45-9 a.m. GDPR Compliance Pre- and safety awards presentations. Way, Kaysville. Free, and open Speaker is Todd Heiner, former sentation, a Parsons Behle & Location is Little America Hotel, to everyone. Registration can be co-founder, chief executive officer Latimer event. Beginning May April 17, 11:30 a.m.-1 p.m. 500 S. Main St., Salt Lake City. completed at Eventbrite.com. and president of Express Locations 25, General Data Protection Business Alliance Net- Details are at umaweb.org. LLC, a T-Mobile retailer. Location Regulation (GDPR) will impact working Luncheon, a Davis is Marriott City Center, 220 S. every company conducting busi- April 12, 5:30-6:30 p.m. Chamber of Commerce event. State St., Salt Lake City. Details April 11 8-9:30 a.m. ness in Europe. GDPR requires WordPress Workshop, Location is Boondocks Fun are at www.acg.org/Utah/events. CTO Series, a Utah extensive legal documentation and a Small Business Development Center, 525 Deseret Drive, Technology Council (UTC) event carries copious fines for noncom- Center (SBDC) event. Location is Kaysville. Free. Details are at for CTO and product execu- pliance. Location is Parsons Behle the Orem SBDC, 815 W. 1250 S., davischamberofcommerce.com. April 10, 7:30 a.m.-3 p.m. tives at UTC member compa- Orem. Details are at https://utahs- “Spring Into Success” & Latimer, 201 S. Main St., Suite nies. Location is Home 2 Suites bdc.org/trainings. Conference, a ChamberWest 1500, Salt Lake City. Details are at April 17, noon-1 p.m. by Hilton Salt Lake City, 10704 Women in Business event. https://www.parsonsbehle.com/. GDPR Compliance Pre- S. River Front Parkway, South Keynote presenter is Stacey Bess. April 12, 6:30-8 p.m. sentation, a Parsons Behle & Jordan. Free. Registration can be General session presenter is Vikki Small Business Evening Latimer/Silicon Slopes event. completed at Eventbrite.com. April 12, 11:30 a.m.-1 p.m. Carrel. Event also includes gen- Lunch & Learn, a Murray Roundtable, a SCORE event. Beginning May 25, General Data eral sessions, three breakout ses- Area Chamber of Commerce Location is Sandy Library, 10100 Protection Regulation (GDPR) S. Petunia Way, Sandy. Free. sions, three mini-sessions and April 11, 11:30 a.m.-1 p.m. event. Speaker is Glenn Lanham will impact every company con- Professionals Networking Details are at https://www.sba. more. Location is Utah Cultural of the Brain Injury Alliance of ducting business in Europe. GDPR Group, a ChamberWest ev- gov/tools/events. requires extensive legal documen- Celebration Center, 1355 W. 3100 Utah. Location is Prohibition, 151 ent. Location is Golden Corral, tation and carries copious fines S., West Valley City. Cost is $90. E. 6100 S., Murray. Cost is $15 for 3399 W. 3500 S., West Valley for noncompliance. Location is Details are at www.chamberwest. members, $20 for guests. Details April 13, 7:30-8:30 a.m. City. No RSVP required. Details Eggs & Issues Silicon Slopes, 2600 W. Executive com. are at murraychamber.org. , a Murray Area are at chamberwest.com. Chamber of Commerce event. Parkway, Lehi. Details are at https://www.parsonsbehle.com/. April 10, 10 a.m.-2 p.m. Speaker is Kathie Allen, candi- April 12, 11:30 a.m.-1 p.m. date for Utah Senate District 8. Work Ability Career April 11, 11:30 a.m.-1 p.m. LinkedIn Luncheon, a Utah “Let’s Do Lunch,” a Sandy Location is Mimi’s Café, 5223 S. Exploration & Job Fair for indi- Valley Chamber event. Location April 17, 6-8 p.m. Area Chamber of Commerce State St., Murray. Free, and open “Protecting Your Product IP viduals with disabilities. Location is Outback Steak House, 372 E. event. Location is Mimi’s Café, to the public. Details are at mur- to Protect Your Business,” pre- is Sanderson Center for the Deaf University Parkway, Orem. Pay if 10470 S. State St., Sandy. Details raychamber.org. sented by Workman Nydegger and and Hard of Hearing, 5709 S. 1500 ordering from the menu. Details are at sandychamber.com. the Utah Chapter of the Product W., Taylorsville. Details are avail- are at thechamber.org. able at usor.utah.gov/employers or April 13, 7:45-9 a.m. Development Management by contacting Thomas Smith at April 11, noon-1 p.m. Women in Business Net- Association. Location is Workman “Walkable Wednesday,” an April 12, 11:30 a.m.-1 p.m. working, an Ogden-Weber Nydegger, 60 E. South Temple, [email protected] or (801) WIB Luncheon, a Davis 887-0282. Urban Land Institute (ULI) Utah Chamber of Commerce event. No. 1000, Salt Lake City. Free. event featuring a walking tour of Chamber of Commerce event. Location is the Ogden-Weber Registration can be completed at Topic is “Rising Above the Chaos: Eventbrite.com. April 10, 2:30-3:30 p.m. the 9 Line corridor. Walk begins at Chamber of Commerce, 2380 9 Line Bike Park, 905 S. 700 W., Business Leaders Going Beyond Washington Blvd., Suite 290, “How to Identify Business Boundaries to Grab Success.” Opportunities with the Asian Salt Lake City. Free. Details are at Ogden. Free for WIB members. April 18, 8 a.m.-4:30 p.m. utah.uli.org. Location is Davis Technical Details are at ogdenweberchamber. 2018 Women’s Entre- Development Bank,” a World College/Business Resource Trade Center Utah event, in part- com. preneurial Conference, with Building, 450 S. Simmons Way, nership with U.S. Commercial April 11, 3-5 p.m. the theme “Branding, Marketing Kaysville. Cost is $20 for mem- Service and Utah District Export “Exploring Apps to Help You April 14, 11:30 a.m.-3:30 p.m. & Sales: Building Blocks for bers and walk-ins. Details are at Council. Attendees will learn how Manage Employees, Operations Women in Business Growth.” Event features speak- davischamberofcommerce.com. to identify and pursue ADB busi- and Inventory,” a Women’s Luncheon, a Sandy Area Chamber ers, breakout sessions and a pitch ness opportunities and how to bid Business Center event. Location of Commerce event that is opening competition for over $15,000 in successfully for ADB-financed is the Women’s Business Center, April 12, 4-6 p.m. day for the Utah Royals FC wom- grants to women-owned business- projects. Speaker is Bart Edes, 175 E. 400 S., Suite 600, Salt Lake B 4/5, a West Jordan Chamber en’s soccer team. All-you-can-eat es. Location is Holladay City Hall, ADB’s representative in North City. Details are at slchamber.com. of Commerce event. Location is food and soft drinks are available 2300 E. 4800 S., Holladay. Cost America. Location is World Trade Residence Inn and Suites, 7558 S. at the America First pavilion on is $99. Details are at https://www. Center Utah, 60 E. South Temple, April 11, 5-7 p.m. Plaza Center Drive, West Jordan. the Rio Tinto Stadium east lawn, utwng.com/wng-event/2018- No. 300, Salt Lake City. Details Business After Hours, Details are at westjordanchamber. 9256 S. State St., Sandy. Cost womens-entrepreneurial-confer- are at wtcutah.com. an Ogden-Weber Chamber of com. is $20. Game time is 1:30 p.m. ence/. Commerce event. Location Details are at sandychamber.com. April 10, 5:30-7:30 p.m. is Megaplex Theatres at The April 12, 4-6 p.m. April 18, 11:30 a.m.-4 p.m. Business After Hours Social, Junction, 2351 Kiesel Ave., Deal Forum, a VentureCapital. April 17, 7:30-9 a.m. B2B Expo, hosted by the a Holladay Chamber of Commerce Ogden. Free for chamber mem- org live-pitch event featuring five Partners in Education Davis Chamber of Commerce and event. Location is Hampton Inn by bers and first-time guests, $10 entrepreneurs seeking capital Appreciation Breakfast, an Davis Conference Center. Keynote Hilton Salt Lake City/Cottonwood, for nonmembers. Details are at for their ventures: Great Coach, Ogden-Weber Chamber of speaker is Jason Hewlett. Luncheon 3210 E. Millrock Drive, Salt Lake ogdenweberchamber.com. Sprezie, Payraise, Genneve and Commerce event designed to fos- and speaker are at 11:30 a.m.-1:15 City. Free for chamber members, Ziing. Location is Neumont ter continued support for educa- p.m. Expo is 1:15-5 p.m. Location $10 for nonmembers. Details are April 11, 6:30-8 p.m. University, 143 S. Main St., Salt tion in Weber County. Location is is Davis Conference Center, 1651 at holladaychamberofcommerce. “Creating Circles of Lake City. Registration can be Ogden Eccles Conference Center, org. Influence,” part of the “Lectures completed at Eventbrite.com. 2415 Washington Blvd., Ogden. see CALENDAR page 10 10 • April 9-15, 2018 • The Enterprise - Utah's Business Journal CALENDAR April 18, 6:30-8 p.m. 16, $30 at the door. Details are at April 20, 7:30 a.m.-noon attendees insights from indus- “The Power of Language,” murraychamber.org. Spring 2018 Nubiz try luminaries and professionals from page 9 part of the “Lectures in Symposium: “The Art & Science on improving company culture, N. 700 W., Layton. Free, and Entrepreneurship” Series at April 19, 11 a.m.-2 p.m. of Sales,” a Nubiz event. Location employee engagement, per- open to the public. Details are at Westminster College. Speakers UTC Annual Membership is Weber State University, formance, and other important davischamberofcommerce.com. are Lelani Craig of CommGap Meeting, a Utah Technology Shepherd Union Building, 3910 areas of high human resources International Language Services Council event featuring a celebra- W. Campus Drive, Ogden. Cost impact. Location is Snowbird, and Brian Sather of Blacksmith tion of achievements from the past is $49 (two-for-one admission for 9385 S. Snowbird Center Drive, April 18, 11:30 a.m.-1 p.m. International. Lectures are a col- 12 months, a forecast of UTC’s chamber members). Details are at Snowbird. Cost is $1,395. Details Professionals Networking lege-level class open to the public. future and the presentation of the ogdenweberchamber.com. are at www.bamboohr.com/sum- Group, a ChamberWest ev- Location is Westminster’s Gore 2017 Industry Awards. Location is mit/. ent. Location is Golden Corral, Auditorium, 1840 S. 1300 E., Salt Show Barn at Thanksgiving Point, April 24, 9 a.m.-noon 3399 W. 3500 S., West Valley Lake City. Free. Registration can 3003 N. Thanksgiving Way, Lehi. SBA Contracting Pro- City. No RSVP required. Details April 25, 7:30-8:30 a.m. be completed at Eventbrite.com. Registration can be completed grams, a U.S. Small Business are at chamberwest.com. Coffee Meet Up, a Holladay at Eventbrite.com. Details are at Administration (SBA) event. Chamber of Commerce event. April 19, 8-9 a.m. utahtech.org. Location is Wallace Bennett Location is 3 Cups Coffee, 4670 April 18, noon-1 p.m. GDPR Compliance Pre- Federal Building, 125 S. State St., S. 2300 E., Holladay. Details are Professional Development sentation, a Parsons Behle & April 19, 11:30 a.m.-1 p.m. Room 2227, Salt Lake City. Free. at holladaychamberofcommerce. Series, a Utah Valley Chamber Latimer event. Beginning May “Multiplying Lasting Details are at https://utahsbdc.org/ org. event. Location is the Provo LDS 25, General Data Protection Profitable Relationships,” a West trainings. Employment Resource Center, Regulation (GDPR) will impact Jordan Chamber of Commerce April 25, 8 a.m.-3:30 p.m. 702 W. Columbia Lane, Provo. every company conducting busi- event. Speaker is Clay Neves April 24, 11:30 a.m.-1 p.m. “Interviewing and Hiring Free. Details are at (801) 818- Women in Business ness in Europe. GDPR requires of Personal Sales Dynamics. I,” an Employers Council event. 6161 or http://bit.ly/1tDS04k. Luncheon, an Ogden-Weber extensive legal documentation Location is West Jordan City Location is Employers Council, Chamber of Commerce event. and carries copious fines for non- Hall, Community Room, 8000 Utah office, 175 W. 200 S., Suite Location is Hub 801 Events, April 18, 5:30-6:30 p.m. compliance. Location is Parsons S. Redwood Road, West Jordan. 2005, Salt Lake City. Cost is 3525 Riverdale Road, Ogden. QuickBooks Workshop, Behle & Latimer, 201 S. Main St., Details are at westjordanchamber. $185. Details are at employer- Cost is $20. Details are at a Small Business Development Suite 1500, Salt Lake City. Details com. scouncil.org. Center (SBDC) event. Location are at https://www.parsonsbehle. ogdenweberchamber.com. is the Orem SBDC, 815 W. 1250 com/. April 19, 11:30 a.m.-1 p.m. April 25, 11:30 a.m.-1 p.m. S., Orem. Details are at https:// April 24, 5-7 p.m. WBN Luncheon, a Utah Professionals Networking utahsbdc.org/trainings. Valley Chamber event. Presenter Business Women’s Forum April 19, 10-11:30 a.m. Spring Mixer. Location to be Group, a ChamberWest event. Fourth Annual Education Daniel McKown of the Orem announced. Cost is $15 for Location is Golden Corral, 3399 April 18, 5:30-6:30 p.m. Appreciation Lunch, a Murray Police Department will discuss members, $20 for nonmembers. W. 3500 S., West Valley City. No Tax Planning Clinic, a Area Chamber of Commerce active shooter training. Location Details are at slchamber.com. RSVP required. Details are at Small Business Development event honoring 16 teachers and is the SCERA Center for the Arts, chamberwest.com. Center (SBDC) event. Location students from 16 Murray schools. 745 State St., Orem. Cost is $25 is the Orem SBDC, 815 W. 1250 Location is Brio Tuscan Grille, for members, $30 for nonmem- April 25-27 S., Orem. Details are at https:// 6173 S. State St., Murray. Cost is bers. Details are at thechamber. Second Annual BambooHR see CALENDAR next page utahsbdc.org/trainings. $20 with prepaid RSVP by April org. Summit, designed to provide The Enterprise - Utah's Business Journal • April 9-15, 2018 • 11

slchamber.com. “Utah Crowdfunder Series: Legal Clinic, a Small Busi- Grand America Hotel, 555 S. CALENDAR Core Experience,” created for ness Development Center (SBDC) Main St., Salt Lake City. Cost is from previous page April 25, 6:30-8 p.m. tech, product, game and social event. Location is the Orem $210. Details are at utaheconom- “Social Entrepreneurship,” entrepreneurs. Keynote speaker is SBDC, 815 W. 1250 S., Orem. icsummit.com. a 2018 “Lectures In Neal Harmon of VidAngel. A panel Details are at https://utahsbdc.org/ April 25, 11:30 a.m.-1 p.m. will discuss “ How to do it Right trainings. “Women on the Rise,” Entrepreneurship” event present- April 27, 8 a.m.-6 p.m. on Kickstarter & IndieGoGo.” celebrating Administrative ed by the Westminster College Free Co-Working Friday, an Location is Salt Lake Community Assistants’ Day. Location is Center for Entrepreneurship. April 26, 6-7 p.m. Impact Hub event. Location is College’s Miller Campus, Karen Health Insurance Clinic, The Gathering Place at Gardner Lectures are a college-level class Impact Hub, 150 S. State St., Salt Gail Miller Conference Center, a Small Business Development Village, 1100 W. 7800 S., West open to the public. Speakers Lake City. Details are at https:// 9750 S. 300 W., Sandy. Cost is Center (SBDC) event. Location is Jordan. Cost is $25. Details are are Wendy Bird, founder of hubsaltlake.com/. $27. Details are at https://www. the Orem SBDC, 815 W. 1250 S., at utahwomenontherise.com. Pearls with Purpose; and Shawn Peterson, founder and director utahcrowdfunder.com Orem. Details are at https://utahs- April 28 of The Green Urban Lunch Box. bdc.org/trainings. “Shanks for the Memories” April 25, noon-1 p.m. Location is Westminster’s Gore “Designing a Culture: April 26, 11:30 a.m.-1 p.m. Golf Tournament, presented by Auditorium, 1840 S. 1300 E., Salt April 26, 6-7 p.m. Building a Foundation for Networking Lunch, a Murray West Valley City and the Utah Lake City. Free. Registration can Accounting Clinic, a Small Performance in 90 Days,” a Area Chamber of Commerce Cultural Celebration Center, with be completed at Eventbrite.com. Business Development Center Silicon Slopes event. Speaker event. Location is Prohibition, 151 proceeds to benefit the local arts E. 6100 S., Murray. Details are at (SBDC) event. Location is the programs at the Utah Cultural is Reza Ahmadi, principal Orem SBDC, 815 W. 1250 S., at Emergent Solutions Inc. April 26-28 murraychamber.org. Celebration Center. Four-person “Startup Ignition Express,” Orem. Details are at https://utahs- scramble format, with an 8 a.m. Location is Silicon Slopes, 2600 bdc.org/trainings. Executive Parkway, Lehi. Free. a three-day lean startup bootcamp April 26, 11:30 a.m.-1 p.m. shotgun start. Lunch banquet, Registration can be completed at co-hosted by Startup Ignition and ChamberWest Luncheon awards and prizes are 1:30 p.m. Eventbrite.com. Grow Utah and designed to help Series. Speaker is Officer Anthony April 27, 8 a.m.-5 p.m. Location is The Ridge Golf Club, entrepreneurs be more success- Tueller of the West Valley City Police 12th Annual Utah Economic 5505 Westridge Blvd., West Valley ful and raise capital when need- Department discussing “Mental Summit, hosted by Gov. Gary City. Cost is $75; $60 for active April 25, 3-5 p.m. ed. Location is Davis Technical Preparation for Deadly Encounters.” Herbert. Event includes keynote military, military veterans and “Think, Write, Get College/Business Resource Location is Utah Cultural Celebration presentation by Mitch Lowe, co- seniors over 60; $250 for a four- Funded: How to Prepare a Center, 450 Simmons Way, Center, 1355 W. 3100 S., West Valley founding executive of Netflix some. Sponsorships are available. Loan Package,” a Women’s Kaysville. Cost is $1,999. Details City. Cost is $20 for members with and chief executive officer of Details are at https://www.cultur- Business Center event. Location are at https://startupignition.com/ RSVP. Details are at www.chamber- MoviePass, “power” presenta- alcelebration.org/golf-tournament. is the Women’s Business Center, express-northfront. west.com. tions, breakout sessions and a html. 175 E. 400 S., Suite 600, closing reception. Location is Salt Lake City. Details are at April 26, 8 a.m.-noon April 26, 6-7 p.m.

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Call for complete menus and pricing: 801-278-4653 or email Rob at [email protected] 12 • April 9-15, 2018 • The Enterprise - Utah's Business Journal Opinion Not even confession is good for the soul of the American steel industry In light of President Donald Trump’s economy and all industries put together. ical worker in a steel mill earns in annual steel industry will have the tiniest gain.” announcement of new tariffs for China, I What really matters is that on net, the wages about $55,556. If we assume that this To make matters worse, it’s hard to thought I’d share one thing I’ve learned this economy, the American people and Ameri- worker gets another 20 percent of this pay take that study seriously in the fi rst place, year about those who believe in protection- can fi rms will suffer more than the steelwork- in the form of fringe benefi ts, each steel- considering that the head of the Coalition ism. Don’t be fooled; even though they claim ers and moguls in the steel industry will ben- mill worker, on average, is annually paid for a Prosperous America is the chairman that America benefi ts from protectionist efi t. What Ross, of course, forgot to mention about $66,667. It appears, therefore, that the emeritus of Nucor, which, as the biggest policies, many of them know that is that the specifi c impact of the price we Americans will pay per job created steel company in the United States, stands those policies hurt us all. Occasion- steel tariffs on those workers and will be roughly $7,000 more than each of to benefi t the most from the import tax. ally, they even admit it in public. fi rms in steel-consuming indus- these jobs is worth.” That’s not a good thing. It’s even harder to take the study seriously Here’s a recent example. A tries is not only negative but large. I suspect that like Ross, the lob- when one knows what happened when the few weeks ago, Commerce Sec- As if the carelessness of byists believe that this isn’t a high cost United States imposed steel tariffs in 2002. retary Wilbur Ross expressed his our commerce secretary weren’t for us to pay. But as Boudreaux right- It’s questionable as to whether those tar- opinion that everyone should relax enough, I draw your attention to fully adds, “this same reasoning, were iffs created any net jobs in the steel indus- about the Trump administration’s VERONIQUE a new report by a steel lobby- it valid, would also justify pickpocket- try, and they clearly caused the destruction giving a handout to its friends in de RUGY ist group called the Coalition for ing, as the negative impact of pickpock- of more jobs in steel-consuming compa- the steel industry, because the tar- a Prosperous America. It argues eting on U.S. GDP is likewise very tiny.” nies than were employed in the entire steel iffs will only hurt our whole na- that the Trump tariffs on steel Second, as the Mercatus Center’s industry at the time. We’re talking about tion a little. The pain, he says, will be “neg- and aluminum imports will create 19,000 trade policy co-director Dan Griswold some 200,000 workers losing their jobs. ligible.” That’s easy for him to say from the jobs and reduce the United States’ gross also commented upon reading the report, Americans must wake up. When gov- comfort of his federal government offi ce. domestic product by only $1.4 billion. “If the number of workers goes up, and ernment offi cials and special interests are so As my colleague and trade expert First, let’s consider these fi ndings in total output goes down, is it not simple confi dent that we’ll let them pick our pock- Christine McDaniel noted at the time, trade the most favorable light. Let’s assume that math that output per worker (or per hour ets without any resistance — even when economists know full well that the size of the tariffs will actually produce 19,000 worked) has gone down?” Yes, it is. That they tell us they’re robbing us — you know the nationwide estimate used by the secre- jobs. Let’s also assume that the creation of means that the workers’ productivity has things have got to change. tary to justify the president’s import tax is these jobs will cost only $1.4 billion in eco- gone down and that their wages will, too. pretty irrelevant. Yes, economy-wide ef- nomic growth. As George Mason Univer- In other words, the Coalition for a Veronique de Rugy is a senior research fel- low at the Mercatus Center at George Ma- fects of import taxes on a good in one par- sity economist Donald Boudreaux notes, Prosperous America might say, “Yes, son University in Virginia. ticular industry are understandably very “each job created will cost $73,684 (which Americans are losers, but they should small when measured against our giant is $1.4 billion divided by 19,000). The typ- just relax about their big losses, as the COPYRIGHT 2018 CREATORS.COM Trump’s 'unconventional' art of the deal isn’t working in foreign policy By way of explanation for some of proaches to the problem. made by allies to allow the administra- don’t want to see the deal collapse and the President Trump’s bizarre foreign policy We should all hope that it will. But so tion to save face. South Korea, for exam- West fall into disarray. moves, we are often told that he is “un- far, it’s worth noting that the circus-like at- ple, agreed to raise the number of cars each This is not a sign of power but rather conventional” and that this could well be mosphere of Trump’s alternating threats American auto manufacturer can sell in the the abuse of it. When the George W. Bush an asset. It’s certainly true that he doesn’t and embraces have obscured a key point: country from 25,000 to 50,000. It’s an easy administration forced a series of countries follow standard operating procedure on al- It’s Trump who made the concession, not concession to make. No American compa- to support the Iraq war, this did not signal most anything, from getting dai- Kim Jong Un. The American po- ny sold even 11,000 cars there last year. American strength — it actually sapped ly intelligence briefi ngs to staff- sition has long been that until America remains a superpower. Its al- that strength. This is a style that goes be- ing the State Department. But North Korea took some concrete lies search for ways to accommodate it. yond the presidency. In recent years, Amer- his most striking departure from steps toward denuclearization, The Trump administration can keep mak- ica has grown accustomed to all kinds of previous presidents has been in there would be no talks. Until re- ing outlandish demands, and it will obtain special treatment. For example, the state of his rhetoric. American presidents cently, the Trump administration some concessions because no one wants New York has used the power of the dol- have tended to weigh their words itself insisted that it would not re- an open breach with the United States. If lar as the world’s reserve currency to force carefully, believing that they must ward the nuclear buildup with ne- Trump says the Europeans have to come preserve the credibility of the FAREED gotiations. ZAKARIA up with some changes to the Iran deal, they see ZAKARIA next page world’s leading power. Now, there is a good ar- will try to fi nd a way to do so, because they And then there is Donald gument to be fl exible on this pro- Trump, for whom words are weightless. cedural issue. But we should be aware that, During the campaign, he excoriated Saudi so far, Kim Jong Un seems to be executing a Arabia as a country that “want[s] women as smart strategy brilliantly. He embarked on a slaves and to kill gays,” only to make his fast-track buildup, creating a genuine nucle- fi rst presidential trip abroad to the king- ar arsenal with missiles that can deliver the dom and warmly embrace its rulers. He said weapons around the world, risking tensions NATO was obsolete and then simply af- and even his relations with China. With the fi rmed the opposite. China was a currency arsenal built, he is now mending relations manipulator that was “raping” America, un- with China, reaching out to South Korea til it wasn’t. and offering to negotiate with Washington. The loose rhetoric and idle threats have Trump’s skill here might well be his often backfi red. After Trump was elected, willingness to totally abandon a past po- he decided to try to threaten China by mus- sition and endorse a new one. The United ing about recognizing Taiwan. The Chinese States will have to accept something less government called his bluff and froze rela- than its long-declared goal — complete de- tions with Washington. Trump had to call nuclearization — and maybe Trump will be President Xi Jinping and eat his words. able to fi nd a way to sell this. But there are situations where such There is, however, a different kind of “fl exibility” might work. On North Korea, tough talk that is more worrying. The ad- Trump threatened to rain “fi re and fury” on ministration pushes hard on some issue — the country, only to now welcome a meeting trade with South Korea, for example — and with its leader. Trump’s supporters say this then announces a deal, claiming to have kind of maneuvering could well produce a won signifi cant concessions. In fact, these deal that has eluded more conventional ap- have been mostly symbolic concessions The Enterprise - Utah's Business Journal • April 9-15, 2018 • 13 Opinion We have fought wars over less provocation than we are facing now I am in the process of reading Last ellite state of Russia. The fi nancial costs voters,” says the website of Better Boundar- Have no fear, there is a simple solution Hope Island: Britain, occupied Europe, and would be minimal and there would be no ies, an organization formed to battle gerry- to this dilemma. We just need to revert back the Brotherhood that Helped Turn the Tide loss of Russian lives. mandering in Utah. to paper ballots and use volunteers to count of War by Lynne Olson and have just fi n- Now here’s a puzzlement: Russia is Thankfully there is a light at the end the votes. When I began voting many years ished the chapter about Allied intelligence also using fake news sites on social media of the tunnel when it comes to gerryman- ago, computers had not been invented and agents in occupied Europe during to meddle in elections here and in dering. Recently, the courts have told states Harry Truman and J. Bracken Lee were still World War II. These fi ghters had Europe by criticizing and debunk- that their election maps are illegal and must elected. The old is forever new. ingenious ways of sabotaging the ing candidates in thousands of be redrawn. American citizens are signing Nazi war machine. elections across the world and yet petitions to put amendments to state consti- Robert Pembroke is the former chairman and Present-day Russia also has our media are acting like ostriches tutions on ballots that would make gerry- CEO of Pembroke’s Inc. in Salt Lake City. intelligence agents, but these and hiding their collective heads mandering extinct. agents do not use guns, bombs in the sand. They should be man- Pres. Trump could help mitigate the and underground newspapers to ROBERT ning the barricades and calling all Russian dilemma by just picking up the ZAKARIA shorten their war with the United PEMBROKE to arms to identify these sites and phone and calling Putin to tell him to stop States. Instead, they use hackers counteract them. interfering in our elections. Trump must from previous page and social media gurus as their weapons of Our elected offi cials are not without also then draw a red line in the sand by de- choice. fault. Richard Nixon used spies to break into scribing the consequences if Putin fails to foreign banks to pay fi nes and make settle- America is now in a battle to protect its Watergate offi ces to get lists of the Demo- act. Unlike Pres. Obama, who didn’t follow ments. It works, but it creates enormous re- freedoms and liberties. While I was watch- crats’ supporters. The Obama administration through when telling the former president sentment and leads countries like China to ing a Senate Intelligence Committee meet- has been known to spy on its Republican of Syria, Bashar al-Assad, to stop using poi- search for ways to work outside the system ing the other day, the director of the Na- opponents, and Utah Republicans are using son gases on his people, Trump must follow because they believe the existing one grants tional Intelligence Agency, Dan Coats, said, sneaky guys to infl uence our local elections. through on his declaration. Another thing too much license to the U.S. “Elections are critical infl ection points that Utah Republicans, for decades and de- that Trump should do is fi ght fi re with fi re. The United States has built up its cred- present opportunities for Russia to advance cades, have been using a disturbing antic His troops should hack Russia’s electoral ibility and political capital over the last its interests, both overtly and covertly.” Yes, called gerrymandering. Utah Republicans system and create fake news sites. century. The Trump administration is raid- we are at war with Russia. have drawn the election maps so that the Writing software programs to eliminate ing that trust fund for short-term political It is not beyond the realm of possibil- resulting districts are very unfair to Demo- hacking of our election system by the Rus- advantage, in ways that will permanently ity that the Russians could do something cratic candidates. With the use of big data sians is a momentous task. There are thou- deplete it. like this: They could create sleeper cells of and artifi cial intelligence, Republican offi - sands of unique voting districts in the Unit- Americans who, during an election, would cials are drawing election maps that put vot- ed States, all with their own IT departments Fareed Zakaria’s email address is com- get their names on ballots. Russian hackers ers, who lean Republican, into districts that using voting machines from different manu- [email protected]. could then manipulate the election to make guarantee that the Republican candidates facturers. In all voting systems, the software sure the Russian minions were elected and, will be elected. “Voters should choose their allows an administrator to go in and tweak (c) 2018, Washington Post Writers Group in an instant, America would become a sat- politicians, not politicians choosing their the system to add candidates’ names. ONE Can Make A Difference

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sources and international infra- real estate finance firm, which is CBC structure to continue our growth involved in real estate acquisi- and accelerate the success of our tion, land development, residen- from page 1 clients and professionals.” CLASSIFIED tial and commercial construction Fugal cited the development and retail operations. The firm been rebranded to Colliers Inter- of the proposed inland port in Salt also has private holdings, includ- CAREERS national Utah or Colliers Utah. Lake City’s Northwest Quadrant ing development projects and At the same time, the remain- and the rapidly growing Silicon other real estate assets. ing operations of CBC Advisors Slopes region in Salt Lake and “This acquisition provides were bought by First Capital of Utah counties as examples of the for a unique mix of investment New York City and have been changing commercial real estate and brokerage within a nation- renamed Advisors Commercial landscape in Utah. “The ability al asset management platform,” Real Estate (ACRE). That acqui- for us to help elevate the Silicon said Singal. “CBC has distin- sition includes CBC Advisors of- Slopes movement and drive more guished itself as a boutique bro- International Relief Teams Seeks Skilled fices in New York; New Jersey; activity and focus to Utah (will) kerage platform with custom- Construction Volunteers Colorado; Texas; Arizona; and inevitably create jobs and servic- tailored solutions. Our approach the Southern California commu- es for our communities,” he said. to identifying unutilized value International Relief Teams (IRT) is seeking volunteers with construc- nities of Los Angeles, Irvine, El With 2017 corporate rev- in dynamic secondary markets tion skills (handypersons or licensed contractors) for one week de- ployments to U.S. flood affected areas to help those families who can- Segundo and Ontario. ACRE will enues of $2.3 billion, Colliers is coupled with the credibility and not financially recover on their own, get back into their homes. be led by Suneet Singal, a partner the fastest-growing publicly list- trust CBC Advisors has earned in Our construction teams are currently working in Louisiana in the af- at First Capital. ed global real estate company, the investment community will termath of last year’s record floods, and anticipate we will be needed Terms of neither transaction operating in 69 countries with greatly serve our investors and in Texas in the near future. have been disclosed. more than 12,000 employees, the clients.” Although skilled construction volunteers are our first priority, we will Brandon Fugal, former company said in announcing its be adding a limited number of unskilled volunteers to each team. All chairman of CBC Advisors, will acquisition of CBC Advisors. volunteers accepted for this assignment will be flown commercially Prior to the acquisition, CBC direct operations of Colliers Utah from an airport near their home to an airport near the job site, leav- as chairman and lead partner. Advisors had employed 150 bro- EXECS ing on a Sunday and returning the following Sunday. IRT will provide Lew Cramer remains as CEO. kers in its 12 nationwide offices minivans for volunteers to use to for local transportation to and from Founded in 1998, CBC Ad- and was the largest commercial from page 1 the arrival airport and to and from the job site. visors — now Colliers Utah — brokerage firm in the Coldwell Teams will be housed at local churches or other suitable facilities. Vol- employs 200 and specializes in Banker organization and the confidence about the Utah econ- unteers are responsible for bringing their own bedding, towels, and investment sales, lease broker- top-performing Coldwell Bank- omy is increasing.” toiletries. There is a $150 volunteer participation fee to help cover age, property management and er Commercial affiliate global- “The CEOutlook survey and airfare and local transportation costs, and volunteers are responsible consulting and advisory services ly, with over $4 billion in assets confidence index confirms Utah for their own meals while on assignment. to local, regional, national and under management and a closed business leaders see economic Work is performed Monday through Friday (full days) and a half day global clients. It is widely rec- volume of over $2 billion in positives and negatives. Overall, on Saturday. Job assignments generally include installing windows, ognized as the dominant market 2017. sentiment is strong, but based on doors, kitchen cabinets; laying tile, linoleum, or wood flooring; build- player in commercial real estate “Our new partnership in their comments, Utah leaders are ing handicap ramps to the home; roofing; drywall and mudding; finish services in Utah. Utah provides Colliers with an- also paying close attention,” said carpentry work, finishing plumbing; and other related tasks. We ask “Our core principles and val- other market-leading platform, Natalie Gochnour, director of each volunteer to bring basic hand tools, such as a tool belt, hammer, ues align perfectly with the entre- this time in the fast-growing In- Kem C. Gardner Policy Institute pliers, putty knives, tape measure, etc. Power tools, generators, com- preneurial culture and focus on termountain region,” said Marty and chief economist at the Salt pressors, and other large specialty tools are provided by IRT and our service excellence exemplified Pupil, president of Colliers Inter- Lake Chamber. “They recognize local agency partners. by Colliers’ spirit of enterprise,” national U.S. Brokerage. “Add- these are prosperous times, but For more information, contact Brett Schwemmer (bschwemmer@ Fugal said. He expects the asso- ing this outstanding business and also see the risks of an overheat- irteams.org), or to apply for an assignment, fill out an online volunteer ciation with Colliers to put his highly successful group of real ing economy. There is a potential application (www.irteams.org). About IRT: Since 1988, IRT has been actively involved in helping fam- office in a position to become estate professionals will enable dark side to the fiscal stimulus ilies in need in 68 international disasters, and 24 U.S. disasters. IRT a player in commercial real es- Colliers to better serve our cli- once it fades and the ill effects of construction teams worked for more than six years repairing and re- tate’s global market. “As part of ents regionally, nationally and in- higher interest rates take hold.” building homes in Mississippi after Hurricane Katrina, and four years the Colliers International global ternationally.” The full first-quarter CEOu- in New Jersey after Superstorm Sandy, and is now working in Louisi- First Capital is a privately http:// brand and platform, we can le- look report can be found at ana after last year’s record floods. verage our collective scale, re- held commercial and residential slchamber.com/ceoutlook/. 16 · April 9-15, 2018 · The Enterprise - Utah's Business Journal

In a perfect world, a mortgage could close in 3 weeks.* We’re pretty close to perfect.

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*21-day closing assumes timely and accurate submission of documentation. Circumstances outside the control of First Utah Bank may cause delays. ** Maximum of $500.00 reimbursed at loan closing. O er expires August 31, 2018. NMLS 616429