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4-16-2018 Display.Indd www.slenterprise.com April 16, 2018 Volume 47, Number 38 $1.50 Price index takes Weber & Davis Mining Counties dip after months PAGE 15 pages 15-18 Sponsored by: of slow growth Utah consumers have seen a small in- crease in the prices they pay for goods and services every month since last fall. March saw an end to the streak. The Zions Bank pages F1-F8 Wasatch Front Consumer Price Index (CPI) decreased 0.1 percent from February to March. The CPI has risen 2.6 percent in the past year, while the National Consumer Price Index has increased 2.4 percent in the same time period. Sponsored by: President Donald Trump in December signs into law the Tax Cuts and Jobs Act of 2017, which The slight decrease was due almost en- contains a few provisions relating to employment law. Those provisions were among the issues tirely to price fl uctuations within the trans- discussed during a recent Employers Council briefi ng in Salt Lake City about employment law portation sector, largely the result of a drop changes under the Trump administration. in prices for new and used automobiles. Housing and transportation remain the larg- est contributors to the year-over-year CPI growth, contributing to 45 percent and 31 Obama vs. Trump employment percent of the overall CPI growth since March of last year, respectively. The annualized infl ation rate of 2.6 per- law: 'One extreme to the other' cent is a drop from previous months when the index has registered over 3 percent year- toward being pro-employer. over-year. This drop signals a return to lev- Brice Wallace For example, the new secretary of els nearer to the national rate. It remains to The Enterprise the Department of Labor (DoL), Alexan- be seen how pricing will be affected by ris- der Acosta, appears to be more business- ing interest rates and changes in U.S. trade A recent Employers Council briefi ng friendly than the previous secretary under policy going forward, the pollsters said. was titled “The Rapidly Changing World of Obama. Coursey said “we are really going In line with the Utah’s 2.6 percent year- Employment Law Under President Trump,” from one extreme under the Obama admin- over-year CPI infl ation, Money magazine but it could also have been called “The Rap- istration to the Trump administration.” recently listed Utah as one of the top 10 idly Changing World of Employment Law Acosta’s approach seems to want to states for real income, based on residents’ Under President Trump’s Appointees.” help employers comply with labor laws purchasing power and median income. Throughout his presentation, council rather than punish companies for violations, “Utah continues to be one of the best attorney Bob Coursey gave examples of he said. A recent email from the department places in the country to live and do busi- how Trump’s selections to lead federal gov- explained the resources available to compa- ness,” said Scott Andersen, president of Zi- ernment agencies will likely be the conduits nies to help them better understand employ- ons Bank. “Utah’s healthy economic envi- to implement his policies, with most of them expected to be an abrupt change from those of the Obama administration and lean see EMPLOYMENT page 5 see CPI page 4 Millennials are country's largest homebuyer group It may come as a surprise to some, but doing it in areas where there’s a good inven- purchasing homes in urban areas, industry millennials are currently the largest class tory of affordable housing.” analysts are also noticing an uptick in home of homebuyers in the market. This young, The younger generation may under- sales in the more expensive regions. tech-savvy generation is still set on fi nding a stand the value of owning a home versus “Even in the major metropolitan ar- home, even during a volatile market with ris- renting. RENTCafé reports that millennials, eas — the highly populated urban areas ing interest rates and a decreasein the num- on average, spend nearly $93,000 on rent by — we’re starting to see the millennials in- ber of homes on the lower end of the market. the age of 30. This might make home buy- crease the percentage of homebuyers,” Tyr- “What we’re seeing is they’re defi - ing a more attractive option for them. rell said. nitely entering the market,” said Joe Tyr- “You are building equity, which can Many mortgage companies offer easy- rell, executive vice president of corporate turn into money in your pocket, versus pay- to-access online digital loan applications. strategy at Ellie Mae, a software company ing rent and never getting a return on the in- Millennials are taking advantage of these that processes almost 25 percent of U.S. vestment,” said Jessica Glenn, a loan offi cer fast and easy mortgage approvals and mort- mortgage applications. In an interview with at Primary Residential Mortgage Inc. gage companies are working hard to cater to MBANow, Tyrell said, “Typically they’re While millennials are largely avoiding this rising tech-hungry generation. 2 • April 16-22, 2018 • The Enterprise - Utah's Business Journal Hafen to head Parr Brown Utah Genius 2018 winners named Salt Lake City law fi rm Parr Hafen represents clients in a Utah Genius, an organization that recog- The Genius Awards program honors the Brown Gee & Loveless has named wide variety of industries and le- nizes the state’s creative and innovative peo- Top 20 Utah Inventors, The Top 20 Utah Patent Jonathan O. Hafen as its president. gal issues, including cases in the ple and companies, named its 2018 honorees at Companies by number of patents issued and the Hafen is a trial lawyer with expe- areas of multi-level marketing, a recent banquet at the Sheraton Hotel in Salt Top 10 Trademark Registrants. rience representing businesses securities and investment fraud, Lake City. The winners are ranked based on sta- Companies ranked by patents issued were: and individuals government enforcement actions, tistics from the U.S. Patent 1. University of Utah; 2. in complex com- shareholder disputes, breach of and Trademark Offi ce. Sorenson IP Holdings; mercial cases, contract cases, property disputes, Winners were invited 3. Vivint Smart Home; with an empha- road and access cases, intellectual sis in employ- to display their recently pat- 4. U.S. Synthetic Corp.; property litigation, fraud claims, ented products at the event. 5. Becton, Dickson and ment law, secu- class actions and construction liti- Utah Genius also 2018Co.; 6. IBM Corp.; 7. UTAHrities lawGEN and IUS AWARDS gation. He serves as legal counsel gave its annual Lifetime Harman International In- legal malprac- to a number of small, midsize and Achievement Award to Ni- dustries; 8. C.R. Bard; 9. Jonathan Hafen tice defense. cole Toomey Davis, found- Adobe Systems Inc.; 10. “The attorneys multinational companies. Hafen er of Enclavix LLC, an ar- Brigham Young Univer- at Parr Brown care deeply about is the president of BYU’s Alumni tifi cial intelligence-based Driving our creative economy sity; 11. Sandisk Tech- 10thproviding high-quality, ANNIVERSARY effi cient Association, is chair of the board software company that nologies; 12. MicroFocus service to our clients. It is tru- of directors of Tuacahn Center creates online tools designed to accelerate in- Software; 13. ICON Health & Fitness; 14. Code ly an honor to be part of such an for the Arts and is a member of novation and entrepreneurship. DavisHonoree was the Corp.; Showcase 15. Domo; 16. Disney 6:00 Enterprises; p.m. 17. - 7:00outstanding p.m. groupThe of lawyers Sheraton and the Salt Lake Chamber’sHotel board of Awards banquet 7:00 p.m. - 9:30 p.m. co-founder of DoBox Inc., a developer of resi- Moxtek; 18. Autoliv ASP; 19. (tie) Merit Medi- people,” Hafen said. governors. dential gateway and parental control. She also cal Systems and Storagecraft Technology Corp. served as director of the Centers of Friday,Excellence Top patent April recipients were: 6 1. David R. Program for the Governor’s Offi ce of Economic Hall; 2. Jeremy B. Warren; 3. (tie) James E. WBC Utah awarded SBA grant Development for six years. Nye and Merle B. Walker; 5. Brian Chevrier; 6. Davis servesPresented on the boards Christian Lalor; 7.by: Ryan Hoobler; 8. Matthew J. of the MountainWest Capi- Eyring; 9. (tie) Jonathan F. Bruhn, David Flynn to Honoringopen center in Cedar Utah’s City tal Network (MWCN) and and George Powell; 12. (tie) Lloyd Leon Burch, The U.S. Small Busi- communities in Southern Utah.” the Utah Technology Coun- Nathan S. Bushman, Ashok V. Joshi, Elizabeth ness Administration has an- The SBA Women’s Business cil. She has also served as E. Metcalf, Jerome Miles and Dallas B. Noyes; nounced grants for the addition Centers are a national network of a member of the advisory 18. (tie) Craig Boswell, Emily Brimhall, John of nine new Women’sTop Business 20 Patenteesmore than 100 centers that offer board for the Women Tech Ryan Caldwell, William T. Dalebout, Joshua Centers (WBC), including one in one-on-one counseling, training, Nicole Davis Council and as the co-chair Washington, David O. Meyers, Jared Reynolds Cedar City. The WBC program networking, workshops, techni- of the Utah Technology and Daniel J. Triplett. is designed to provide assistance cal assistance and mentoring to Council’s Emerging Executive Peer-to-Peer Fo- Top trademark registrants were: 1. Vista and resources to entrepreneurs women entrepreneurs on numer- Nicole Toomey Davis Val Hale rum. Outdoor, 2. Associated Food Stores, 3. Young inTop new and 10 expanded Trademark markets ous business Registrants development topics, Val Hale, executive director of the Utah Living Essential Oils, 4.
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