www.slenterprise.com November 25, 2019 Volume 49, Number 19 $1.50 OF NOTE Amazon tech arm bringing 300 jobs to Utah erations will focus on advanced manufac- The nearly $2.5 million tax credit, ap- Brice Wallace turing of internal components. GOED doc- plicable over a 10-year period, is tied to the The Enterprise uments indicate the company is considering creation of 300 jobs, which will pay an av- one site in West Valley City and three in erage of $104,000 per year. The project’s An Amazon subsidiary will expand its Salt Lake City for the $25.3 million project. new wages are projected at about $304.3 operations in Utah and will create 300 jobs Amazon Web Services provides on- over the next decade. demand cloud computing platforms to indi- Amazon Web Services (AWS) made viduals, companies and governments. One see AMAZON page 3 the announcement after being approved for of these services is Amazon Elastic Com- a tax credit incentive by the Governor’s Of- pute Cloud, which allows users to have a fi ce of Economic Development (GOED) virtual cluster of computers through the In- board at the board’s November meeting. ternet. Amazon Web Services is implement- A company representative said the op- ed throughout the world at server farms. Unemployment What'll you have? You're unlikely to see it in goes down to Utah right away, but Pabst Blue Ribbon has introduced its 99-pack beer carton in a number 2.5% in Utah of Midwestern states. Retailing If you want a job in Utah, you should for about $175, the unique pack- be able to fi nd one because the state’s em- ployers just keep putting people to work. aging requires you and at least Utah’s unemployment rate dropped another one friend to get it into the car for two-tenths of a percent last month, accord- the trip to the party. ing to numbers released by the Department Industry News Briefs of Workforce Services (DWS). The current pages 6-7 rate is 2.5 percent, meaning about 41,000 people are still looking for jobs. Business Calendar Meanwhile, the national jobless rate page 9 rose one-tenth of a point to 3.6 percent. Over the past year, Utah’s nonfarm Opinion payroll employment has grown by 3.3 per- page 12 cent, adding 51,200 jobs to the economy The second season of "High School Musical: The Musical: The Series" will shoot at East High since October 2018. Utah’s current em- School and other parts of Salt Lake City next year. Recently approved to receive an incentive to ployment level sits at 1,593,200. shoot in Utah, the series production is expected to spend nearly $24.4 million in the state. “October is the springboard month for the upcoming holiday shopping season,” said Mark Knold, chief economist at the DWS. “October’s profi le helps gauge the 'High School Musical' back in Utah consumer’s stance entering this important production’s expected spending of nearly economic period. Utah’s current strong Brice Wallace $24.4 million in Utah. numbers point to an anticipated collective- The Enterprise The fi rst season of the show premiered ly healthy and positive attitude.” on Disney+ earlier this month. Shooting for Utah’s private-sector employment The state of Utah, Salty Pictures Inc. the 10-episode second season is expected to grew by 3.7 percent year-over-year with the and Disney will continue to make beautiful take place Feb. 12-July 19 in Salt Lake City addition of 47,400 positions. Once again, economic music. and involve 30 cast members, 160 crew all 10 of the private-sector major indus- The second season of “High School members and 3,254 extras. try groups measured in the establishment Musical: The Musical: The Series” will The show tells the story of students at survey posted net job increases in Octo- shoot in Utah next year, continuing a string East High School focusing on their next per- ber. The largest private-sector employment of “High School Musical” productions shot formance in the upcoming spring musical. increases were in professional and busi- in the state since 2005. It was created and is executive-produced by ness services (11,000 jobs), education and Salty Pictures Inc. was approved for tax Tim Federle (“Ferdinand”). The director is health services (9,600 jobs) and construc- credit incentive of up to $6 million by the Joanna Kerns. Producers are Barry Rosen- tion (6,900 jobs). The fastest employment Governor’s Offi ce of Economic Develop- growth occurred in construction (6.4 per- ment (GOED) board at the board’s Novem- cent), information (5.1 percent) and profes- see MUSICAL page 4 ber meeting.AFCU-Business-Strip.pdf The incentive is based 1 5/7/19on the 5:02 PM sional and business services (5.1 percent). C

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K 2 • Nov. 25-Dec. 1, 2019 • The Enterprise - Utah's Business Journal Tourism means $9.75B in revenue, $1.28B in taxes and 136,000 jobs Travelers to Utah spent a of the Eccles School of Busi- tional park visits and a decline in lion for the fi rst time ever in 2018, and ski resorts experienced record record $9.75 billion in the state ness at the University of Utah. Chinese visitor spending, Utah’s a 5.5 percent year-over-year in- visitation in 2018. in 2018 and generated an esti- Approximately 1 in 11 Utah travel and tourism economy had crease. However, average state- The full report can be ac- mated $1.28 billion in total state jobs is now supported by visi- another banner year in 2018,” wide hotel occupancy rates and cessed online at https://gardner. and local tax revenue, according tor spending, either directly or said Jennifer Leaver, senior tour- daily room rates remained fl at. utah.edu/wp-content/uploads/ to a recent study released by the indirectly, the study found. ism analyst at the institute and The report also found that Travel-and-Tourism-Report-Nov Kem C. Gardner Policy Institute “Despite decelerating na- lead author of the report. “Utah Utah’s national parks, state parks 2019.pdf. visitors are discovering and ex- ploring the stunning attractions that exist outside of and in be- tween our national parks.” The report found that the record $9.75 billion that visitors spent in the Utah economy in 2018, was a 6.5 percent increase over the previous year. Utah’s travel and tourism in- dustry accounted for an estimat- People’s Intermountain ed 136,000 total jobs in 2018, a 5.4 percent year-over-year in- crease. Approximately 1 in 11 changes name to Altabank Utah jobs is supported by visitor People’s Intermountain Bank, which has been operating spending, either directly or in- as Bank of American Fork, Lewiston State Bank and People’s directly, the report said. Private Town and Country Bank, has announced that it is changing its travel and tourism-related em- name to Altabank. The rebranding unifi es the different operat- ployment sectors experienced ing units into a single name, clarifying the bank’s mission and healthy year- over-year wage market position, the company said. increases, too. Passenger air industry wages increased 10.5 “We are the largest community bank headquartered in Utah percent, food service wages in- but having different names for each operating unit gave our cus- creased 7.8 percent and wages tomers a different impression and often led to confusion,” said in the accommodations sector Len Williams, CEO of People’s Utah, the parent company of increased 6.7 percent. Altabank. “Bringing our operating units together under a single The direct visitor spending name makes it clear to customers that they will receive the same led to $15.94 billion in direct, personalized service from Preston, Idaho, to St. George, Utah, indirect and induced visitor-re- and that we have the size and scale to handle the full range of lated spending and an estimat- their business banking needs.” ed $1.28 billion in total tax rev- Williams said the Altabank name also better represents the enue. bank’s mission to be “the best bank for your business.” Taxable sales in the accom- The bank said that customers can expect no operating modation sector reached $2 bil- chances because of the renaming and that businesses and in- dividuals will work with the same bankers they always have. There will be no changes to current accounts, loans or mortgag- es, the bank said. A new Altabank website has been launched, while print and e-statements will have the new name and logo beginning in THINGS WITH FEWER YEARS OF SERVICE THAN FABIAN VANCOTT: December. Branches in Utah and Idaho will have new exterior signs by the end of the year. Customers holding debit and credit From Harold Fabian’s efforts founding Dead Horse Point to extensive cards will receive cards with the Altabank name when their ex- community service and pro bono work, we’ve been making Utah a isting cards come due for replacement. better place for 100 years—or since before sliced bread became toast on countertops across America.

fabianvancott.com

Pop-Up Toaster: Charles Strite, 1921 The Enterprise - Utah's Business Journal • Nov. 25-Dec. 1, 2019 • 3

Unemployment tax rates drop Ohio firm acquires Premier Building Supply American Fork-based Pre- Founded in 2009, Premier ucts. “Utah is an attractive hous- mier Building Supply LLC has also has locations in Lindon and ing market and I am excited to for employers for sixth year been acquired by Installed Build- Salt Lake City. grow IBP’s presence within the For the sixth consecutive year, Utah’s Division Workforce Ser- ing Products Inc. of Columbus “With three locations and ap- state. With the acquisition of Pre- vices has announced that Utah employers in 2019 will pay less un- Ohio. Premier is an installer of proximately $23 million of annu- mier, we have acquired over $59 employment insurance tax than the previous year in. Utah is pro- insulation and garage doors for al revenue, Premier significantly million of annual revenues to jected to collect $156 million, which is approximately $198 million residential customers. Installed expands our presence in Utah,” date, which primarily consists of less than the $354 million in taxes collected in 2013 when collec- Building Products is primarily an said Jeff Edwards, chairman and insulation installers. Acquisitions tion was at a peak. insulation contractor. CEO of Installed Building Prod- remain a key component of our The majority of Utah’s employers will continue to receive the growth plan and we continue to minimum unemployment insurance tax rate for the 2020 calendar have a robust pipeline of acqui- year, the Utah Unemployment Insurance Division also announced. Crandall launches PC 'Commons' sition opportunities across multi- In 2020, approximately 75 percent of Utah’s established employ- ple geographies, products and end ers will qualify for the minimum contribution rate of approximate- Park City-based Crandall will be the final development in markets.” ly $36.60 per employee per year. Utah’s taxable wage base saw a Capital has begun construction on the Newpark Towncenter master Installed Building Products slight increase from $35,300 to $36,600 over the past year. a mixed-use project in Park City plan. The apartment component Inc. is one of the nation’s larg- The collected tax is deposited into the Utah Unemployment called The Commons. Located in will consist of 18 studios, 14 one- est new residential insulation in- Compensation Trust Fund to pay benefits to workers who become the Newpark Towncenter at Kim- bedroom units, 4 two-bedroom stallers and is a diversified in- unemployed through no fault of their own. Even with the contin- ball Junction, the development units and 2 three-bedroom units. staller of complementary building ued reduction in taxes collected, according to the U.S. Department broke ground in mid-October and Crandall Capital has contract- products, including waterproof- of Labor, Utah’s Unemployment Compensation Trust Fund is the has an anticipated completion date ed with Zwick Construction of ing, fire-stopping, fireproofing, seventh-healthiest trust fund in the nation. of October 2020. The Commons Murray for the 12-month buildout. garage doors, rain gutters, win- “Accurately calculated tax rates are critical to the solvency of mixed-use project will be locat- Together Zwick and Crandall Cap- dow blinds, shower doors, closet the trust fund,” said Kevin Burt, director of the Unemployment In- ed adjacent to the Newpark Am- ital stated that they hope to cre- shelving and mirrors and other surance Division. “The trust fund contributes to our state’s strong phitheater and will overlook the ate an impressive project that will products for residential and com- economy and supports both Utah’s dedicated employers and the 1,200-acre Swaner Nature Pre- provide needed affordable housing mercial builders located in the strong workforce. I am proud of our skilled staff that works careful- serve. and an exceptional retail experi- continental United States. ly to ensure only eligible individuals receive unemployment bene- The project, when completed, ence. fits and that Utah’s employers are provided with timely assistance.” will house 38 apartments and ap- “We are grateful for the sup- proximately 12,500 square feet of port and insights of the Sum- ground-level retail. The outdoor mit County planning department, UTAH’S BUSINESS JOURNAL patio and dining areas will over- county council and county com- SS all cloud services, while Microsoft look the Newpark Amphitheater missioners,” said Gary Crandall, AMAZON was next at 11 percent, according and nature preserve. principal of Crandall Capital. Published weekly by: from page 1 to Synergy Group. Ryan Crandall, a partner of “The Commons has transformed nterrise esaer rou Fees for AWS cloud comput- Crandall Capital, said, “The Com- into an incredible project because 825 North 300 West Ste. NE220 million over five years, and new ing platforms are based on a com- mons outdoor dining areas will of- of them.” Salt Lake City, Utah 84103 801-533-0556 FAX 801-533-0684 state tax revenue is projected at bination of usage, the hardware/ fer the best seats for Newpark’s Crandall Capital is a family- www.slenterprise.com nearly $12.5 million during that OS/software/networking features weekly outdoor summer con- owned real estate development time. chosen by the subscriber, required certs.” firm with over 40 years of experi- PUBLISHER & EDITOR R. George Gregersen Like all GOED tax credit in- availability, redundancy, security With a total building size of ence and is owned and operated by centives, the Amazon Web Ser- and service options. 37,659 square feet, The Commons Matthew, Ryan and Gary Crandall. PRESIDENT vices incentive is post-perfor- David G. Gregersen [email protected] mance, meaning that each year VP/GENERAL SALES MANAGER that that company meets the crite- Dale Dimond ria in its contract with the state, it [email protected] will earn a portion of the total tax MANAGING EDITOR rebate. John M. Rogers “We are excited Amazon [email protected] Web Services has decided to ex- CONTROLLER pand in Utah,” Val Hale, GOED’s Richard Taylor [email protected] executive director, said in a pre- OFFICE MANAGER pared statement. “This expansion Dionne Halverson will bring high-paying, advanced [email protected] manufacturing jobs to the state CLASSIFIED AND REAL ESTATE and we look forward to the op- [email protected] portunities it will bring.” CIRCULATION “These are high-wage, high- Dionne Halverson tech jobs that will have a signifi- [email protected] cant multiplier effect on our econ- LIST DEVELOPMENT omy,” said Theresa A. Foxley, Laneace Gregersen [email protected] president and CEO of the Eco- ADVERTISING INQUIRIES nomic Development Corporation [email protected] of Utah. “And it’s gratifying for TO CONTACT NEWSROOM the state to be selected by a com- [email protected] pany with the means to put this ART SUBMISSIONS facility anywhere in the world. It [email protected] is a great validation of our quality Subscription Rates: talent and pro-business environ- Online only, $65 per year Print only, $75 per year ment.” Online and Print, $85 per year Amazon markets AWS to Any opinions expressed by the columnists are not subscribers as a way of obtain- necessarily the opinions or policy of Enterprise, ing large-scale computing capac- it’s owners or managers. Reproduction or use of contents without written consent of the publisher is ity more quickly and cheaply than prohibited. All rights reserved. building an actual physical server © 2013 Enterprise Newspaper Group Inc. farm. Services are billed based on Periodical postage paid at Salt Lake City, Utah usage, but each service measures POSTMASTER: Send address corrections to: P.O. Box 11778, Downtown Station usage in varying ways. As of Salt Lake City, Utah 84147 2017, AWS owned 34 percent of 4 • Nov. 25-Dec. 1, 2019 • The Enterprise - Utah's Business Journal $3.9 million, based upon the in- MUSICAL state spending estimate increasing from page 1 by about $700,000. The “High School Musical” CORPORATE FINANCIAL REPORTS series was one of four productions bush and Mary Pantelidis. The following are recent fi nan- segment. In that regard, I would Revenues in the most recent awarded incentives during the “We are incredibly excited cial reports as posted by selected say that our much-improved mort- quarter totaled $290.8 million, up GOED board’s November meet- to bring the next chapter of ‘High Utah corporations: gage segment results this year are from $272.3 million in the year- ing. School Musical: The Musical: not merely a function of the mar- earlier quarter. South Bay Productions LLC The Series’ to Disney+,” Ricky Security National Financial ket, although market forces have The company produces smart was approved for a cash rebate Strauss, president of content and Security National Financial been favorable. During the fi rst home systems. incentive of up to $315,836 for marketing for Disney+, said in Corp., based in Salt Lake City, re- nine months of 2019, our mortgage “We continue to work toward “Wireless,” an episodic thriller. a prepared statement. “Tim and ported earnings before taxes of $4.8 segment replaced about half of its our milestone merger with Mosaic The company is projected to spend this talented cast have delivered a million for the quarter ended Sept. regional managers and added sig- Acquisition Corp. to begin our next $1.26 million in Utah, including fi rst season that is uplifting, fun- 30. That compares with $2.2 mil- nifi cant executive-level production chapter as what we believe will be during principal photography set ny, touching and relatable across lion in the year-earlier quarter. talent. Those management changes the leading public smart home com- for Dec. 4-17 in Salt Lake and We- generations. We are confi dent that Net earnings per common led to our signifi cantly improved pany,” Todd Pedersen, CEO, said ber counties. The production is the world, like us, will want much share was 21 cents in the most re- performance.” in announcing the results. “In the expected to employ fi ve cast, 50 more of these characters, incred- cent quarter, which compares with Quist said the company’s in- meantime, we are pleased to report crew and 120 extras. ible songs and moments of joy.” 12 cents per share for the prior-year surance and memorial segments strong third-quarter results, high- “Wireless” tells the story of a Virginia Pearce, director of quarter. “continue to achieve very solid lighted by improving momentum in self-obsessed teen who is stranded the Utah Film Commission, told The company has three busi- progress.” The year-to-date insur- new subscriber adds, double-digit in the mountains and whose only the GOED board that two seasons ness segments: life insurance, cem- ance segment operational income underlying revenue growth, and a hope for survival is his iPhone. It of this show and three seasons of eteries and mortuaries, and mort- is up about 10 percent over 2018, sharp increase in profi tability from stars Tye Sheridan (“Ready Player “Andi Mack” represent continuing gages. and year-to-date memorial segment the prior year. One,” “X-Men: Apocalypse”). The Disney support for Utah as a pro- “I am pleased with the year- operational income is up about 11 “We are excited about our fu- director is Zach Wechter. Among duction hub. to-date operational performance percent, he said. ture. Our belief is that partner- the producers are Andrew Reyes, “Overall, I think this is a total of our company,” Scott M. Quist, ing with Mosaic will help to raise Isabel San Vargas and Christian win for us, because in the fi rst epi- president, said in announcing the APX our profi le in the marketplace and Heyer. sode … they say, ‘We are in Salt results. “First, I would note our mo- APX Group Holdings Inc., provide a strong platform for fu- The GOED board approved Lake.’ They really are using the mentum. We have clearly improved based in Provo, reported a net loss ture growth, facilitating our mis- a cash rebate of up to $13.200 for location as a character, which is a each quarter this year. … In some of $102.3 million for the third quar- sion to redefi ne the home experi- All Hallows Day Eve LLC for its great thing for us,” Pearce said. respects, our compare to last year is ter ended Sept. 30. That compares ence through intelligently designed production titled “All Hallows Three prior “High School easier given the poor 2018 results with a loss of $120.2 million for the cloud-enabled solutions delivered Day Eve,“ a horror feature written Musical” iterations — a TV show we experienced in our mortgage same quarter a year earlier. to every home by people who care.” shot in 2005 and airing in 2006, a and directed by Utah native Nick TV sequel in 2007 and a feature Jensen. He is also listed as a pro- fi lm in 2008 — all were shot in ducer along with Ian Lucas and able to make this project here, in they prepare for their fi rst commer- Producers are Karina Orton and Utah. In September of this year, James W. Lucas. our home state of Utah, with Utah- cial rocket launch from Utah-based Scott Christopherson. the GOED board increased its tax The production is expected to grown talent, is a dream come true. Sugarhouse Aerospace. “We are so excited to fi lm in rebate incentive for the 10-episode spend about $66,000 in Utah, in- I am excited to show off all that The production is expected to Utah,” Orton said. “It’s wonder- fi rst season of “High School Musi- cluding during principal shooting this state has to offer.” spend $46,400, including during ful to follow groundbreaking sto- cal: The Musical: The Series.” The that took place earlier this month Rocketboy LLC was approved shooting taking place through May ries that take place in Utah, where incentive originally was approved in Davis County. The production for a cash rebate of up to $9,280 for 30 in Salt Lake and Utah counties all of our crew has spent so much last year for up to $3.7 million, involves 12 cast and 15 crew. the feature documentary “Rocket- and post-production through Dec. time. Having been Utah-based for based on expected spending in “For us, this project is the cul- boy,” which tells the story of Steve 1. The production includes two so long already, we’re also grateful Utah of $14.7 million. The change mination of years of hard work Heller and Riley Meik, two en- cast members and 10 crew. to work with experienced crew we increased the incentive to nearly and passion,” Jensen said. “To be gineers-turned-entrepreneurs, as The director is Allyse Clegg. know well.”

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WWW.BOONDOCKS.COM BDU BKU 7.19 The Enterprise - Utah's Business Journal • Nov. 25-Dec. 1, 2019 • 5 Small Business Saturday highlights year-round impact of shopping local As the voice for our na- small” with these fi ve simple tion’s entrepreneurs, the U.S. steps: Small Business Administration • If you are a business own- (SBA) celebrates the entrepre- er, make sure you’re prepared for neurial spirit every day. Our lo- the holiday shopping season by cally owned small businesses are checking out helpful advice by the heart and soul of our commu- visiting SBA’s Small Business nities. These Saturday site at http://www.sba. entrepreneurs gov/saturday. are the heroes • If you’re a customer, com- that sustain mit to making at least one pur- the local tax chase from a locally owned small- base, support business retailer. Get to know the our commu- owner and make your gift more nity nonprof- meaningful by sharing their sto- Steve Yazzi, an engineer at the now-idle Najavo Generating Station, watches as the fi nal puffs of steam come from the MARLA its and orga- stacks of the huge coal-fi red electrical generating facility that shut down for good last week. TROLLAN ry as part of what you give your nizations and loved ones. employ thou- • Enjoy the experience. Travel INDUSTRY MOVING TO RENEWABLE SOURCES sands of our neighbors. As part of outside your comfort zone to dis- our annual tradition, I encourage cover an out-of-the ordinary shop- you to join millions of Americans ping district with some trendy lo- West's largest coal power plant shuts down and thousands of Utahns to “shop cal stores. the plant was a diffi cult but nec- The closure also marks the small” on Small Business Satur- • Take part in Small Business John Rogers essary decision based on econom- beginning of a new era for the day, Nov. 30, to start your holiday Saturday on social media, using The Enterprise ics, with natural-gas prices and re- Navajo and Hopi tribes, both of shopping. the hashtag #ShopSmall to am- newables such as solar becoming which will have to plug signifi - On the heels of Black Friday, plify your support. If you fi nd a The Navajo Generating Sta- much more cost-competitive. cant holes in their budgets without shopping small is a concrete way great small-business retailer with tion (NGS) coal-fi red power plant “NGS will always be remem- the royalties from the mine. Hopi to support small retailers — the unique products, Tweet or Face- just over the Utah border near bered as a coal-fi red workhorse Chairman Timothy Nuvangyaoma same businesses that generate two book your fi nd so others can enjoy Page, Arizona, shut down for good whose employees made it one of said dealing with the fallout of the out of every three new jobs and it, too. last week, marking the end of its the safest and most reliable pow- closures is a challenge he’s ac- deliver essential goods and ser- • When you open your gifts, 45-year run. Area offi cials had er plants in the nation,” Hum- cepted begun. vices to America’s communities start a conversation about which been expecting the announcement mel said in an announcement of “It’s hard work, but we’re 365 days a year. one came from the most distinc- from Salt River Project (SRP) the closure. “After more than 40 Hopi and we’ve always been sur- Last year, there were 104 mil- tive and creative sellers. managers since the announcement years of generating electricity for vivors, so we’ll survive,” Nu- lion consumers “shopping small” Help me support Utah’s econ- last year that the plant would cease millions across the West, NGS vangyaoma said. “We share the on Saturday, spending more than omy and our small businesses operations before the end of 2019. and its employees are one reason same concern as the Navajo Na- $17.8 billion. Surveys show that throughout the state. I encourage The NGS was the largest coal- why this region, the state of Ari- tion. It’s defi nitely an impact, but over 70 percent of consumers you to “shop small” with your fi red generating facility in the West zona and the Phoenix metropoli- as far as Hopi goes, we’re work- were aware of Small Business friends and family on Saturday, and its closure will be felt through- tan area has been able to grow and ing hard at trying to mitigate this Saturday and were determined to Nov. 30. out the region. Although all of the thrive.” because our community members “shop small” throughout the year For more information on 433 regular employees at the plant SRP will now begin to de- matter.” and not just for the holidays. In SBA’s programs and services, vis- have been offered new positions commission the power plant, Nuvangyaoma estimates that addition, more than 60 percent of it www.sba.gov or follow us on within SRP, many are members of which is expected to take about 80 percent to 85 percent of the consumers state the main reason Twitter@SBA_Utah. the Navajo and Hopi nations and three years. Following de-energiz- Hopi Tribe’s general fund bud- they support small businesses is are reluctant to move away from ing and decontamination, which get will be affected with the clo- because of their contributions to Marla Trollan is the SBA’s Utah their ancestral homes. SRP said will take about nine months, de- sure, which equals a $12 million the local community. District director overseeing agen- nearly 300 have accepted the of- molition will begin. or more annual revenue loss. You can do your part to “shop cy programs and services in Utah. fers, however. The Kayenta Mine that sup- plied coal to NGS had stockpiled coal at the plant and was then shut down in August. The last of the coal stacks was exhausted last Monday and the plant ceased oper- ation. The 78-mile electric railroad between the mine and the generat- ing plant was also idled along with its workforce. The Navajo Generating Sta- tion was owned jointly by SRP, Arizona Public Service Co., Ne- vada Energy and Tucson Electric Power. At full capacity, it pro- duced 2,250 megawatts of electric- ity, by far the largest plant in the Intermountain area. The last elec- trons from the now-idle facility were sent down the transmission

Any new member is eligible to receive up to $400 when opening a new account. This must be a new account for the lines to Phoenix, Tucson and Las Primary SSN. They cannot have any other new accounts in the last 12 months. New members are to receive $150 for setting up their employer Direct Deposit; $50 per month for 3 months. 30 days after open date, they will receive the rst Vegas at about 12:09 p.m. on Nov. $50. This will follow for month 2 & 3. $150 for 15 debit or credit card transactions per month. $50 per month for 3 months. 30 days after open date, they will receive the rst $50. This will follow for month 2 & 3. 18. The operation ran at full capac- $100 for an auto loan re nance. $100 for Auto re nance will be deposited at funding. Minimum $10,000 loan amount. $10 minimum balance required to open account. Minimum deposit of $200 required for direct deposit. Minimum Visa Credit or Debit card transaction of $2.00 or higher to count toward the promotional requirements. If any promotional account is ity until October when a gradual closed before or during the promotional period, we reserve the right to deduct the bonus amount for those accounts at shutdown began. closing. For more information see ucreditu.com or contact University Credit Union at 801-481-8800. SRP General Manager and CEO Mike Hummel said closing 6 • Nov. 25-Dec. 1, 2019 • The Enterprise - Utah's Business Journal Industry Briefs Industry Briefs are provided as sive list are areas in Salt Lake EXPANSIONS rebranding “pays homage to the Denver Ski and Snowboard a free service to our readers. City, Alpine, Herriman, Draper, • Young Living Essentials company’s extensive history and Expos from BEWI Productions Company news information may Sandy, Riverton, South Jordan, Oils, Lehi, has opened a South commitment to being the trusted Inc. BEWI, founded in 1979, be sent to [email protected]. Saratoga Springs and Hooper. Africa market in Johannesburg, health ally for employees of Union is the producer of the Boston The submission deadline is one Pacific Railroad.” The rebranding Ski & Snowboard Expo and week before publication. the first Young Living market in Africa. Nearly 1,300 people and name change involved a part- the Colorado Ski & Snowboard recently attended the opening cel- nership with Struck, a Salt Lake Expo. The transaction is expected BANKING City-based creative agency. to close by the end of the year Mountain America Credit ebration event. • BEST KEPT and is subject to certain clos- Union • Sundance, a Salt Lake City- has opened a location at ing conditions. Thereafter, SIA 1183 W. 400 S., Springville. It is SECRET IN based retailer of women’s apparel, INVESTMENTS jewelry, footwear, accessories, art • Impartner, a Salt Lake plans to start the transforma- one of the first completed build- tion of the Denver and Boston ings in the Marketplace Center UTAH. and home furnishings, has opened City-based pure-play channel a store in the Greater Cincinnati management platform company, shows in the fall of 2020, with an and the first Mountain America Wire rope is where we eye on expanding to additional Matthew Staples Tri-State area, in Kenwood, Ohio. has received $20 million in growth in Springville. cities soon, thereby creating a is the branch manager. He has started. It is the first Sundance retail loca- capital financing from Vector One of the largest shops tion in that area. It is one of three Capital, a global private equity nationwide network of consumer- worked at Mountain America focused events for the industry. Credit Union for five years, serv- in the Intermountain new stores to open across the U.S. firm specializing in transforma- this year, making a total of 17 tional investments in technol- ing as the branch manager in West. Slings made Provo and North Orem. Mountain stores. ogy businesses. Impartner said the PHILANTHROPY America has more than 95 branch- to your specifications. financing will allow it to further • Bank of Utah, Arctic es across five states. Our staff has over 60 GOVERNMENT accelerate its growth by increas- Circle Restaurants and Red years of experience. • Jordan S. Cullimore has ing sales and marketing spend- Hanger are cosponsoring the ing and acquiring complementary annual “Warm Bodies, Warm DIVIDENDS been appointed as the new director Utah Office of Property technologies. Souls” coat drive through Dec. • The board of directors of of the Rights Ombudsman 15 to benefit 13 Utah charities. SkyWest Inc., St. George, has . The Land Use and Eminent Domain MANUFACTURING The public is invited to drop off declared a quarterly dividend of new or gently used coats, hats, 12 cents per share. The dividend Advisory Board • Purple Innovation Inc., voted unani- an Alpine-based comfort products scarves, gloves and blankets and will be paid Jan. 7 to shareholders new underwear and socks for of record Dec. 31. SkyWest Inc. is mously Nov. manufacturer, has announced the 12 to select pricing of an underwritten second- adults and children at any of Bank the holding company for SkyWest of Utah’s 20 full-service bank Airlines and SkyWest Leasing, an Cullimore to ary public offering of 10 million ENERGY succeed the shares of its Class A common branches and mortgage offices, aircraft leasing company. Arctic Circle’s 33 restaurants • ETC Group, a Salt Lake former director, stock to be sold by InnoHold • The board of directors of from Tremonton to Spanish Fork Overstock.com Inc. City-based energy engineering Brent Bate- LLC, Tony Pearce and Terry , a Salt Lake and Red Hanger’s 22 locations firm,We has carry hired 14more people than for vari- Jordan Cullimore man, who is Pearce for $7 per share. The offer- City-based online retailer and along the Wasatch Front. Bank ous aspects of the business. In returning to pri- ing was increased from the previ- technology company, has declared heavy construction of Utah is also accepting cash accounting, finance and business vate law practice. Cullimore has ously announced offering price of a regular annual cash dividend donations that can be earmarked administration, the company hired served as a staff attorney with 8 million shares of Class A com- for 2019 of 16 cents per share on equipment. for the participating charities. Josh Christensen, vice president the Office of Property Rights mon stock. The underwriters have the company’s Voting Series A-1 Light equipment in After Dec. 15, Bank of Utah preferred stock and of 16 cents per of finance; Lena Ribar, account- Ombudsman since September a 30-day option period to purchase 2015. Before joining that office, and partners will distribute share on its Voting Series B pre- ingstock. supervisor; Mixers, and saws, Chelsey up to 1.5 million additional shares he worked for Utah local govern- donations to Joyce Hansen ferred stock. Each is payable Dec. Peterson, executive/administra- of Class A common stock from the pumps, generators, ments in various planning and Hall Food Bank, Ogden; The 16 to shareholders of record Nov. tive assistant. In commissioning selling stockholders. The sellers zoning capacities. Cullimore’s Lantern House, Ogden; Cache 29. and engineering, the company will receive all of the net proceeds. jumping jacks, and education includes a B.A. in polit- Community Food Pantry, • The board of directors of hired Madison Williams, active Logan; Tremonton Community Extra Space Storage Inc. much more. ical science from Brigham Young MILESTONES , Salt energy management; Annie Pantry, Tremonton; Family University. • MMA Energy Capital, Lake City, has declared a quarterly Wesolek, energy engineer; and Support Center, Brigham City; a Park City-based provider of dividend of 90 cents per share on Micale Ward, energy engineer. In Community Action Services and the common stock of the company HEALTHCARE capital in the renewable energy marketing and business develop- • Lipocine Inc., a Salt Lake Food Bank, Provo; Crossroads for the fourth quarter of 2019. space, has reached over $2 bil- ment, the company hired Brad T. City-based clinical-stage biophar- Urban Center, Salt Lake City; The dividend is payable Dec. 31 lion in originations of renewable Rutledge, vice president of mar- maceutical company focused on The Road Home’s Midvale to stockholders of record Dec. energy investments. Since 2015, keting; Marcus Sylvester, busi- metabolic and endocrine disorders, Family Shelter and Men’s 16. Extra Space Storage is a self- the company has originated devel- ness development manager; Jim has closed on a public offering of Homeless Resource Center, administered and self-managed opment, construction and other Mulloy, business development; 10.45 million Class A units, each real estate investment trust that custom debt financing for approxi- and Robert Hooper, business consisting of shares of its com- see BRIEFS next page owns and/or operates 1,797 self- mately 150 solar, wind, and other development. In project manage- mon stock and common warrants storage properties. clean energy projects across 21 ment, the company hired Seth to purchase its common stock, U.S. states and territories, totaling A SUCCESSFUL LIFE MUST INCLUDE Christensen, project administra- and 1.55 million Class B units, more than 6 gigawatts of installed passion for your work. ECONOMIC tor; Jill Landis, project adminis- each consisting of pre-funded war- capacity. The company, which is INDICATORS trator; Jon Zbuka, senior project rants and warrants to purchase its a trade name under which Hunt • A ZIP code area in Fort manager; and Liz Toone, project common stock, at a price of 50 Investment Management LLC Duchesne is the least-expensive manager. cents per Class A unit and 49.99 place for housing in Utah and an cents per Class B unit. Gross pro- does business, originates financ- area in Park City is the most- ENVIRONMENT ceeds to the company are expected ing for the benefit of several insti- expensive, according to a study • Newly opened The Store, to be approximately $6 million, tutional capital clients, including by UnitedStatesZipCodes.org, 90 S. Rio Grande St., Salt Lake before deducting placement agent MMA Capital Holdings Inc., using data from the U.S. Census City, at The Gateway is offering fees and other estimated offering a public investment vehicle that Bureau. The median monthly a new program focused on caring expenses. The company intends focuses on investments that gen- housing cost in Utah is $1,122. The for the environment. The “Fill the to use the net proceeds from this erate positive environmental and We help people do work they area in Fort Duchesne has a medi- Bag” program allows customers offering for working capital and social impacts. are passionate about with an monthly housing cost of $217. to bring reusable bags or buy one general corporate purposes. companies they love. It is followed by areas in Mexican for 99 cents from The Store and • Union Pacific Railroad OUTDOOR PRODUCTS/ Hat, Monument Valley, Bluff, receive 10 percent off everything Employes Health Systems RECREATION/SPORTS Montezuma Creek, Whiterock, that fits in the bags. The offer is (UPREHS) has changed its • Snowsports Industries Marysvale, Randlett, Lynndyl available on Saturdays through name to Iron Road Healthcare. America (SIA), Park City, has CONTACT PEG NEWMAN: and East Carbon. Following Park Dec. 7 and is limited to three bags UPREHS has been operating for announced its intention to acquire [email protected] | 801.716.5926 City, at $1,981, in most-expen- per person. more than 140 years. It said the the consumer-focused Boston and WWW.SANFORDROSE.COM/NEWMANGROUP The Enterprise - Utah's Business Journal • Nov. 25-Dec. 1, 2019 • 7 Industry Briefs

from previous page May Sheldon Outstanding Chief Executive of surrounding areas. A location in through member dividends, and Nic Woods the Year by the Credit Union Pleasant Grove will open next sum- employee retirement contributions as special- Executives Society. The award mer. The other locations were not and investments in nonprofits. In Salt Lake City; Geraldine King ists in the ser- recognizes credit union CEOs disclosed. Merchant is a multi-unit 2018, REI invested $8.4 million in Women’s Homeless Resource vices group. who have made operator with more than 15 years 431 nonprofits across the country. Center operated by Volunteers They will work a significant of industry experience, operating of America, Utah, Salt Lake from Colliers’ impact in their several Quiznos and Popeyes res- City; Gail Miller Homeless RURAL UTAH Utah County community and taurants and 7-Eleven convenience • The Governor’s Office of Resource Center for Men and Amber May headquarters exceptional stores and gas stations throughout Economic Development (GOED) Women operated by Catholic Sheldon in Pleasant contributions the market. Utah will be the 23rd board, at its November meeting, Community Services, Salt Lake Grove. Sheldon to their cred- state for the company and will be endorsed a pair of Rural Fast City; Bountiful Community has a market- it union and its westernmost point in company Track grants. Ty’s Cabinets, in Pantry, Bountiful; Heber Valley ing and people the industry. history. Tennessee-based Captain Cleveland in Emery County, was Center Stage, Heber; and Hope Sterling Nielsen management Nielsen became D’s has more than 530 restaurants. endorsed for a $50,000 grant to Pregnancy Center, St. George. background. A the president and chief executive • The Birdhouse has opened help it purchase an edge bander and Details are at bankofutah.com/ recent gradu- officer of Mountain America in at 856 E. 900 South, Salt Lake double-head sander. The $111,600 warm-bodies-warm-souls. ate of the 2008. City. The restaurant specializes project is expected to result in • The Salt Lake Board of University of • BrainStorm, American in “chicken for everyone” and one new full-time position. Desert Realtors has awarded a $5,000 Nic Woods Utah with a Fork, and Skullcandy Inc., Park offers craft soda, wine, beer and Stream, of Nephi in Juab County, “American Dream” grant to master’s in real City, are listed among the “50 other options. The 1,600-square- was endorsed for a $35,000 grant Bogar Vega, a 21-year-old elec- estate development, she offers Best Places to Work in 2019,” foot business received assistance to help it purchase a gusset bag fill- tronics technician in the Utah financial analysis, development compiled by Outside Magazine. from Salt Lake City’s Economic ing machine. The $70,000 project Army National Guard. The modelling and investment under- BrainStorm is listed at No. 42, while Development Loan Fund (EDLF) is expected to result in one new American Dream Grant is an ini- writing. Woods previously was a Skullcandy is No. 46. Receiving an to open in the neighborhood. The full-time position. Each company tiative started this year to help Pago sales professional and manager honorable mention is Gcommerce, Birdhouse is part of the can qualify for a grant fund reim- first-time home buyers with down Restaurant Group of warehouse logistics. He will Park City. Developed in collabora- , which invest- bursement of up to $1,500 if it payment assistance. Four grants ed $500,000 into the project with focus on tenant representation tion with Best Companies Group, retains the position for 12 consecu- — amounting to $20,000 — have additional help from the city’s and project management. the “2019 Best Places to Work” tive months. The grants had been been awarded in 2019 by the EDLF of $150,000. It is the sev- • Salt Lake City Mayor awards 50 companies from a vari- approved by the Governor’s Rural board. The grants were presented enth establishment the group owns Jackie Biskupski recently joined ety of industries, including out- Partnership Board. to school teachers, first-respond- door brands, marketing agencies, and operates in the area. ers, single parents and veterans. with Wishcamp Development, Utah Housing Corp. and Salt education, manufacturing, and SPORTS • Delta Restoration Ser- health and wellness industries. vices of North Salt Lake, a pro- Lake County officials for RETAIL • Entrada at Snow Canyon Together, Outside Magazine and vider of restoration services to a groundbreaking of the reha- County Club’s golf course in St. Best Companies Group work with commercial and residential prop- bilitation of Lincoln Tower George will undergo a $7 mil- companies to survey employees erties, has announced a fundrais- Apartments at 2017 S. Lincoln lion renovation project, led by golf St., Salt Lake City. Lincoln about everything from leadership course designer David McLay ing campaign with All Hands and and company strategy, benefits and Tower Apartments is a nine-story, Everything for the Kidd. On-course work is expect- Hearts, a disaster relief nonprofit compensation to culture and extra 95-unit affordable senior living ed to begin in November 2020 organization. Delta Restoration perks. Contractors community in Sugarhouse origi- and be completed by September Services will be raising funds for • Thomas Witbeck, a nally built in 1980. Salt Lake 2021. During the 10-month proj- the nonprofit’s immediate and Weber State University senior, We rent the best City’s Housing Trust Fund, using ect, the golf course is expected long-term programs. For each recently was selected from more dollars from the city’s “Funding to be fully closed to member and new restoration job it begins than 750,000 automotive profes- Our Future” initiative, provided a guest play for approximately five between Nov. 1 and Dec. 3, Delta Subaru 4343 Century Drive sionals to receive the months. Entrada at Snow Canyon Restoration Services of North Salt $1.3 million low-interest loan to University/National Institute for Salt Lake City, UT 84123 Country Club was founded in 1996. Lake will be making a donation to assist with the project. Automotive Service Excellence McLay Kidd will be assisted on All Hands and Hearts. Details are (ASE) Technician of the Year 801- 262-5761 the Entranda project by golf man- at http://bit.ly/35TCrA6. RECOGNITIONS award. Witbeck was one of 54 • Sterling Nielsen, presi- www.centuryeq.com agement company Troon’s design, technicians nationwide — only development and agronomy team. REAL ESTATE dent and chief executive offi- two are students — selected this • The Street Team at Colliers cer of Mountain America Credit year. He is also the first student International has added Amber Union, has been named 2019 from Weber State to receive the TECHNOLOGY/LIFE award, which was presented SCIENCES Nov. 13 in Phoenix, Arizona. To • The board of directors of receive the Technician of the Year Instructure, a Salt Lake City- award, automotive professionals • REI Co-op, a Seattle-based based company that offers its must pass the ASE certification specialty outdoor retailer, has Canvas Learning Management Platform for schools and the For all your trailer needs tests with high scores and actively opened a store at Station Park in work in the industry, as well as Farmington. It is the company’s Bridge Employee Development New & Used trailer sales receive supervisor recognition and third location in Utah. REI offers Platform for businesses, has begun (Tanks, lowboys, slide axles, belly dumps, tag trailers, vans & ats) nomination from an ASE partner. outdoor gear, experiences and a process to “explore strategic Brands: Heil, J&L, LBT, Landoll, XL Sepicalized, Trailmax, Trailking Witbeck is currently pursuing two expertise. REI hired 60 employ- alternatives in order to maximize shareholder value.” The company State of the art repair & paint facility degrees, a bachelor of advanced ees for the Farmington location vehicle systems and a bachelor of said the action was in response Parts sales & show room and has more than 320,000 life- integrated studies, which includes time members in Utah. By year- “to interest received from multiple three areas of emphasis: field ser- end, REI will have opened eight third parties.” The alternatives may COME SEE US! vice operations, supply chain man- new stores, relocated two exist- include continuing as a standalone agement and Spanish. ing stores to larger locations, and public company, going private, opened three new boathouses in or being purchased by a strategic RESTAURANTS 2019. While anyone may shop partner. The board has retained J.P. Morgan • Captain D’s, a fast-casual at REI, members pay $20 for a as its financial advisor Cooley LLP seafood restaurant company, has lifetime membership and share in and as its legal advi- 4285 West 1385 South signed a development agreement the company’s profits through an sor in connection with the review. Salt Lake City, Utah 84104 with MH & Sons Enterprises, led annual dividend. In addition, REI The company said it does not 1-800-442-6687 by Maqsood Merchant, for three annually invests 70 percent of its www.semiservice.com locations in Salt Lake City and profits in the outdoor community see BRIEFS page 11 8 • Nov. 25-Dec. 1, 2019 • The Enterprise - Utah's Business Journal The Enterprise - Utah's Business Journal • Nov. 25-Dec. 1, 2019 • 9 Calendar

Calendar listings are provided University Parkway, Orem. Free. 2005, Salt Lake City. Cost is $205. Ord, founder, and Todd White, Business event. Location is La as a free service to our read- Registration can be completed at Details are at employerscouncil. vice president of sales, both from Caille, 9565 Wasatch Blvd., ers. Information about upcoming Eventbrite.com. org. Beynd. Location is Silicon Slopes, Sandy. Cost is $50, $400 for a events may be sent to brice@ 2600 W. Executive Parkway, Suite table of 10. Registration can be slenterprise.com. The submission 140, Lehi. Free. Details are at sili- completed at Eventbrite.com. deadline is one week before pub- Dec. 3, 5-7 p.m. Dec. 5, 3-5 p.m. lication. Holiday Open House, host- Public Policy Forum, a Utah conslopes.com. ed by the Salt Lake Chamber, Technology Council event focus- Dec. 10, 6:30-8 p.m. Nov. 27, 7:30-8:30 a.m. Downtown Alliance, Women’s ing on important issues regarding Dec. 9, 11:30 a.m.-1 p.m. WordPress Workshop, a Coffee Connection, a Hol- Business Center of Utah and government’s impact on business. “Utah Gubernatorial Can- Small Business Development laday Chamber of Commerce Women’s Leadership Institute. Location is NICE inContact, 75 didates,” a Wasatch Business Center (SBDC) event. Location event. Location is Great Harvest, Location is the Salt Lake Chamber, W. Towne Ridge Parkway, Sandy. Series event. Location is Residence is the Orem/Provo SBDC, Utah 4655 S. 2300 E., Suite 105, 175 E. 400 S., Suite 600, Salt Free. Registration can be com- Inn by Marriott, 171 E. 5300 S., Valley University, 815 W. 1250 S., Holladay. Details are at holla- Lake City. Free, but registration is pleted at Eventbrite.com. Murray. Open to everyone. Cost Orem. Free. Details are at https:// daychamber.com. required. Details are at slchamber. is $20 (prepayment is required). clients.utahsbdc.org/events.aspx. com. Dec. 5, 6-7:30 p.m. Details are at murraychamber.org. Nov. 27, 6:30-8 p.m. “Start Smart,” a Small Dec. 11, 5-7 p.m. “Simple Steps,” a Small Dec. 4, 9-11 a.m. Business Development Center Dec. 9, 5-7 p.m. Business After Hours, Business Development Center “Starting Your Business (SBDC) event. Location is the Second Annual WIB Christ- an Ogden-Weber Chamber of (SBDC) event. Location is the 101,” a Small Business Devel- Orem/Provo SBDC, Utah Valley mas Party, a South Jordan Cham- Commerce event. Location is Fat Orem/Provo SBDC, Utah Valley opment Center (SBDC) event. University, 815 W. 1250 S., Orem. ber of Commerce event. Location Cats, 2261 Kiesel Ave., No. 1, University, 815 W. 1250 S., Orem. Location is the Salt Lake SBDC, Free. Details are at https://clients. is Lucienne Salon Spa Boutique, Ogden. Free for chamber mem- Details are at https://clients.utahs- Salt Lake Community College’s utahsbdc.org/events.aspx. 10690 S. River Front Parkway, bers and first-time guests, $10 for bdc.org/events.aspx. Miller Campus, Corporate South Jordan. Cost is $15 for nonmember guests. Details are at Partnership Center, Building 5, Dec. 6, 8-10 a.m. members, $20 for nonmembers. ogdenweberchamber.com. 9690 S. 300 W., Sandy. Free. First Friday Face to Face, Attendees are asked to bring an Dec. 2, 7 p.m. Details are at https://clients.utahs- auction item (all funds go to the “An Evening with Wendy a West Jordan Chamber of Dec. 11, 6-7 p.m. bdc.org/events.aspx. Jordan Education Foundation Bird,” an Access Salt Lake event Commerce event. Location is “Successful Marketing Christmas for Kids program). and featuring the international Megaplex Theatres, second floor, Cam-paigns,” a Utah Marketing Details are at southjordanchamber. speaker and performance coach. Dec. 4, 3:30-5 p.m. The District, 3761 W. Parkway Association event that is part of a com. Location is The Event Hall at “Business Connections,” a Plaza Drive, South Jordan. Details five-part series of monthly work- Access Salt Lake, 175 W. 200 ChamberWest event. Location is are at westjordanchamber.com. shops. Location is Impact Hub S., No. 100, Salt Lake City Free. Megaplex Theatres, 3620 S. 2400 Dec. 9, 5:30-7:30 p.m. Salt Lake, 150 State St., No. 1, RSVPs can be completed at W., West Valley City. Free for Dec. 6, 8:30-11:30 a.m. “Unlock the Financial Pow- Salt Lake City. Free. Registration accesssaltlake.com/events. members, $50 for nonmembers. “Grow Your Business: Idea er of Your Business Ideas,” a can be completed at Eventbrite. Details are at chamberwest.com. Validation,” a Small Business Small Business Development com. Development Center (SBDC) Center (SBDC) three-day training Dec. 3, 9-11 a.m. Dec. 5, 7:30-9 a.m. event. Location is the Orem/Provo “Jump Start: Intro to event. Location is the Orem/Provo Dec. 12-13 Chamber Speaker Series, SBDC, Utah Valley University, Entrepreneurship,” a Women’s SBDC, Utah Valley University, 19th Annual Summit an Ogden-Weber Chamber of 815 W. 1250 S., Orem. Details Business Center of Utah event. 815 W. 1250 S., Orem. Free. Director & Officer (D&O) Commerce event. Location is are at https://clients.utahsbdc.org/ Location is the Women’s Business Details are at https://clients.utahs- Training Conference, presented Weber Center, 2380 Washington bdc.org/events.aspx. events.aspx. by Diversified Insurance Group Center of Utah, 175 E. 400 S., Blvd., Ogden. Free for chamber Suite 600, Salt Lake City. Free. and designed for board chairs, cor- members and first-time guests. Dec. 6, 11:30 a.m.-1 p.m. Dec. 9, 6-7 p.m. porate directors and senior execu- Details are at wbcutah.org. Details are at ogdenwebercham- Accounting Clinic, a Small Second Annual “Best of tive officers of publicly traded, ber.com. Business Development Center pre-IPO and private companies to Holladay” Awards Ceremony Dec. 3, 11 a.m.-1 p.m. (SBDC) event. Location is the gain insight and receive instruc- Women in Business Lunch- and Chamber Holiday Party, a Dec. 5, 8-9 a.m. Orem/Provo SBDC, Utah Valley tion from nationally recognized eon, a ChamberWest event that Holladay Chamber of Commerce “The Hub of Opportunity: University, 815 W. 1250 S., Orem. experts and thought leaders on is the Holiday Jingle & Mingle event. Location is City Hall, Big Creative Land Use for People Details are at https://clients.utahs- best practices and strategies to Luncheon. Location is Western Cottonwood Room, 4580 S. 2300 with Disabilities,” a ULI (Urban bdc.org/events.aspx. improve boardroom performance. Gardens Center, 4050 W. 4100 E., Holladay. Details are at hol- Land Institute) Utah event. The Location is Montage Deer Valley S., West Valley City. Cost is $20 ladaychamber.com. Hub of Opportunity is an inno- Dec. 10 and 17, 8 a.m.-4 p.m. Resort, 9100 Marsac Ave., Park before Nov. 26, $20 for nonmem- vative mixed-use, transit-orient- “The Leadership Secrets of City. Cost is $600. Details are at bers or at the door (participants Dec. 6, 11:30 a.m.-1 p.m. ed project scheduled to open in Santa Claus,” part of the Salt Lake https://www.summitconf.org/reg- are asked to bring a $15 gift for Holiday Open House, a spring 2020. Panelists are Tricia Community College Frontline istration. the gift exchange). Details are at Pilny, president/CEO, Parallel South Valley Chamber event. Leader Workshop Series. Dec. 10 chamberwest.com. Strategies (moderator); Stephanie Event features samples from local is at SLCC’s Miller Campus in Mackay, chief innovation officer, restaurants and vendors and the Sandy. Dec. 17 is at the Westpointe Dec. 12, 8 a.m.-noon “Advanced I-9 Practice,” Columbus Community Center; opportunity to buy gift cards and Campus in Salt Lake City. Cost is Dec. 3, 11:30 a.m.-1 p.m. an Employers Council event. Business Alliance Network- Troy Hart, real estate development goods from their booths. Location $250. Details are at http://www. Location is Employers Council, ing Luncheon, a Davis Chamber manager, HousingConnect; and is River Oaks Golf Course, 9300 slcc.edu/workforce/courses/front- Utah office, 175 W. 200 S., Suite of Commerce event. Location Paul Drake, senior manager, real Riverside Drive, Sandy. Free. lineleader.aspx. 2005, Salt Lake City. Cost is $145. is Boondocks Fun Center, 525 estate and transit-oriented devel- RSVPs can be completed at Details are at employerscouncil. Deseret Drive, Kaysville. Free. opment, Utah Transit Authority. Eventbrite.com. Dec. 10, 10-11:30 a.m. org. No RSVP required. Details are at Location is Columbus Community “How to Become a Leader davischamberofcommerce.com. Center, 3495 S. West Temple, Salt Dec. 6, 11:30 a.m.-1 p.m. People Will Follow,” a West Lake City. Cost is $35 for mem- WBN Christmas Luncheon, Jordan Chamber of Commerce Dec. 12, 11:30 a.m.-1 p.m. bers, $50 for nonmembers. Details a Utah Valley Chamber event. event. Location is Mountain Annual Holiday Party Dec. 3, noon and Networking Luncheon, a Silicon Slopes Fall 2019 are at https://utah.uli.org/events. Location is Thanksgiving Point, America Credit Union, 3065 W. Davis Chamber of Commerce Entrepreneurship Lecture Series Garden Room, 3003 Thanksgiving 5400 S., Taylorsville. Free for event. Location is Boondocks titled “Starting and Growing a Way, Lehi. Cost is $30. Details are chamber members, $10 for non- Dec. 5, 8 a.m.-2:30 p.m. Fun Center, 525 Deseret Drive, Food Business,” presented by “Managing the Ill or Injured at thechamber.org. members. Details are at westjor- Kaysville. Cost is $20. Details are Andrew and Shauna Smith, CEO Workers under the ADA, FMLA danchamber.com. at davischamberofcommerce.com. and president and co-founders of and Workers’ Compensation,” Dec. 6, noon-1 p.m. Four Foods Group. Location is an Employers Council event. Silicon Slopes Live, a lunch Dec. 10, 11:30 a.m.-1 p.m. Utah Valley University, Clarke Location is Employers Council, and live recording of the Silicon Holiday Soiree, a South see CALENDAR page 11 Building, Room 101C, 800 W. Utah office, 175 W. 200 S., Suite Slopes podcast and featuring Peter Valley Chamber Women in 10 • Nov. 25-Dec. 1, 2019 • The Enterprise - Utah's Business Journal Succeeding in Your Business Are you smart or educated? There really is a diference I was extremely touched to productive enough in the field of dreams. grounding in mathematics and often had their choice of three or receive an email from a young his/her liking. It is just not about “Could you please write computer science. You cannot be four bathrooms. lady in India who had read and hanging degrees and certificates something about this?’ a star athlete without intensive I was embarrassed to invite was reacting to a column I wrote around the neck but making the You bet I will. daily practice and study of the them over to play at my home, years ago called “The Trouble mark of self-recognition. The difference between professionals. where there was barely room with Kids Today.” In “Many people with book education and what I will But it is not education alone for me, and swore very early the column, I com- little formal ‘educa- call street smarts — the abil- that gets results. I am the proud on in life that someday I would mented on the lack of tion’ have ended up as ity to deal with people, to see owner of a degree from a presti- have a big house in a place like entrepreneurial spirit chapters in the school and exploit opportunities, and gious Ivy League college (from Bronxville. I read books like and drive in a younger books for the students to adapt to a world that is con- where I graduated magna cum crazy and drove my teachers nuts generation accustomed to draw inspiration stantly changing — has been laude, no less). I worked very with questions. My first-grade to having things given from. For example, noted for generations. hard to get that degree. I learned teacher understood what I was to them and structured Abraham Lincoln, One of my favorite quotes, a great deal both in and out of the doing and kept me after school CLIFF every day to take on advanced for them. ENNICO Steve Jobs, Mark from former U.S. Pres. Calvin classroom and wouldn’t trade Her email deserves Twain, (Indian entre- Coolidge, is this: “Nothing in the my four years there for anything reading and math assignments. to be quoted at length: preneur) Dhirubhai world can take the place of per- on Earth. Soon I skipped a grade, was “Education is definitely a Ambani, (Indian cricket star) sistence. Talent will not; nothing If anyone were to ask me reading at a college level at the boon bestowed, which if incul- Sachin Tendulkar and William is more common than unsuc- why I have achieved what I have, age of 10 and started on the path cated does give you the result Shakespeare. Their success hard- cessful men with talent. Genius however, I would not give credit to that Ivy League college. of being recognized in the soci- ly rested on the virtues of edu- will not; unrewarded genius is to that college but to something My education was impor- ety as educated. But I think we cation but on the shoulders of almost a proverb. Education will that happened much earlier. tant, but my desperation to get have to ask: ‘Is that the end or the determination and focus that not; the world is full of educated I grew up in Yonkers, New out of that damned apartment is it the beginning?’ If education brought out their abilities, which derelicts. Persistence and deter- York, a working-class com- and get something better out of was enough to be qualified for a enabled their recognition as pio- mination alone are omnipotent.” munity just north of New York life made me what I am today. happy life, then why do we have neers in their own fields. One of my teachers once City, and lived in a cramped And I am still hungry. If you are people in the category of ‘edu- “Despite unprecedented told me about the necessity of a one-bedroom apartment with my any good, the hunger will stay cated unemployed’? With all this technological and cultural college education in contempo- parents. Next to Yonkers was with you for life; you will never settle for what you have — and education and still striving to sophistication, this generation’s rary America, saying: “If you are an extremely wealthy commu- your education will never stop. make a living, don’t you think 20-year-olds lack some of the not educated, you had better be nity called Bronxville. Many of that they are not truly ‘educated’? ‘soft skills’ that are necessary smart. If you are not smart, you my friends in grade school were Cliff Ennico ([email protected]) “My brain and my heart had to move up the professional lad- had better be educated.” Bronxvillians, and when I visited is a syndicated columnist, author a joint committee meeting and der: perseverance, humility, flex- Of course, education has a their homes I was amazed at the and former host of the PBS televi- the result turned out to be say- ibility and commitment. Instead, role. You cannot be an entrepre- amount of space they had, the sion series “Money Hunt.” ing ‘education’ is the process they are obsessed with text- neur in the information technol- beautiful backyards where we COPYRIGHT 2019 CLIFFORD R. ENNICO of teaching and making oneself book education and white-collar ogy industry without a thorough played and the fact that they DISTRIBUTED BY CREATORS.COM

Consider affordability, simplicity and predictability when choosing health plan

The open enrollment period the price of a plan, be sure mind is that most insurance make it easy for consumers to replacement) and by health- for selecting a 2020 Affordable to look at more than just the plans provide in-network cov- talk to a doctor or nurse 24/7 care provider so you can make Care Act (ACA) health plan is monthly premium. You should erage for basic preventive care and 70 percent said they would informed choices and know now underway. This year, Utahns also consider your other costs, services, such as your annual be willing to try a telehealth what to expect. Doing some have five insurance carriers to such as the annual deductible check-up, at no additional cost. service that enables them to talk research in advance can help choose from, including (how much you have For other types of care, such as to a doctor over the phone or you avoid surprise bills later. Molina; SelectHealth; to pay for care each when you or a family member computer instead of going to the Here are some important University of Utah year before your plan is sick or has an ongoing medi- doctor’s office. The response tips as you pick your next ACA Health Plans; Bridge- starts to pay) and the cal condition like diabetes, look was even higher — 80 percent provider: Span, which is rejoin- co-insurance percent- for plans that offer quality care — among parents of children • Take time to plan, assess ing Utah’s exchange age (your percentage providers in your local area, as under age 18. and understand. Think about after dropping out share of the bill that well as low or no-cost benefits Predictability what your healthcare needs are in 2015; and Cigna, SEAN you pay after reaching such as prescription discounts Predictability is connected and if you are willing to choose which is offering ACA JOLLEY your deductible). and health coaching. to both cost and convenience. In a higher deductible in return plans in the state for In general, you’ll Simplicity the national survey, 90 percent for a lower monthly premium. the first time. pay a lower premium when your Compare plans at healthcare. The open enrollment period deductible is higher. You’ll also You’ll also want to consider said that knowing where they how convenient your plan is could find the best price for gov. runs through Dec. 15. pay a lower premium if your Be sure to sign up for when you need to access care their prescription drugs would • There’s a lot to think about share of the bill is higher — for your 2020 health plan by Dec. or get help. For example, does be a real benefit, and nearly half when shopping for a plan, so be example, if your share is 30 15. That’s the last day to enroll your plan offer a 24-hour health (49 percent) would be interested sure to take time to assess what percent (plan pays 70 percent) in a new plan or change your support line or virtual care in a plan that helps them iden- you need and what’s important rather than 20 percent (plan 2020 coverage. (telehealth) appointments, at no tify how much they would have to you. According to a recent pays 80 percent). • Be sure to pay your first additional cost? These services to pay for care out of their own national survey Cigna conduct- Also, be sure to check if premium before Jan. 1, 2020. can help you maintain health pocket. ed, for many people it all comes you’re eligible for a federal sub- Your 2020 coverage starts on and wellness beyond your basic Check if the plan you are down to three main consider- sidy for your monthly premium. Jan. 1 only if you have paid ations: affordability, simplicity Four out of five consumers who preventive care screenings. considering offers an online your first premium. and predictability. buy their own insurance on the In the national survey, 87 tool to help you estimate your Affordability exchange qualify. percent of people said that costs by procedure (for exam- Sean Jolley is vice president of When you think about Another thing to keep in health insurance plans should ple, MRI, colonoscopy or knee sales for Cigna in Utah. The Enterprise - Utah's Business Journal • Nov. 25-Dec. 1, 2019 • 11 BRIEFS regulated companies to develop, Chamber of Commerce event. Dec. 13, 11:30 a.m.-1 p.m. manufacture and commercialize CALENDAR Location is Weber Center, 2380 Lunch & Learn, a Murray from page 7 life-changing products, has hired from page 9 Washington Blvd., Ogden. Free Area Chamber of Commerce Alan Rencher as vice president of for WIB members. Details are at event. Speaker is from the expect to make additional public engineering, Rajesh Talpade as Dec. 12, 3-4:30 p.m. ogdenweberchamber.com. Wasatch Front Regional Council. comment regarding the situation vice president of product, “Master Class: Small-Business Location is Prohibition Utah, until the board approves a specific and Sue Marchant as product Vision Board Workshop,” a Dec. 13, 8-10 a.m. 151 E. 6100 S., Murray. Cost is action or otherwise concludes the $19 for members, $25 for guests. management director. Rencher will Women’s Business Center of Utah Utah County Speednet, process. The previously scheduled scale MasterControl’s growing Details are at murraychamber. event. Location to be determined. a Utah Valley Chamber speed financial analyst day on Dec. 3 has engineering team and practices. Cost is $15. Details are at www. org. networking event. Location is been canceled to allow manage- Prior to MasterControl, Rencher wbcutah.org. ment and the board to explore the served as chief information officer SCERA Center for the Arts, 745 S. State St., Orem. Free. Details Dec. 13, 11:30 a.m. strategic alternatives. at chief architect at Target Corp. Second Friday Casual Dec. 12, 6-8 p.m. are at thechamber.org. • Podium, a Lehi-based inter- Talpade will oversee all product “Business Essentials,” a Lunch, a ChamberWest event. action management platform for management, design and delivery Small Business Development Location is Pins & Ales, Valley businesses, has appointed Rick at MasterControl. He previously Center (SBDC) event. Location Dec. 13, 8:30-11:30 a.m. Fair Mall, 3601 S. 2700 West, Hasselman as its first chief finan- was vice president of product is the Orem/Provo SBDC, Utah “Grow Your Business: West Valley City. Details are at cial officer and Chance Olson as at Clarifai and a product area Valley University, 815 W. 1250 S., Business Foundation,” a Small chamberwest.com. executive vice president of strat- manager at Google. Marchant Orem. Free. Details are at https:// Business Development Center egy and busi- will help infuse MasterControl clients.utahsbdc.org/events.aspx. (SBDC) event. Location is the Dec. 13, noon-1 p.m. ness operations. solutions with machine learning Orem/Provo SBDC, Utah Valley Silicon Slopes Live, a Hasselman and artificial intelligence. He pre- University, 815 W. 1250 S., lunch and live recording of the has more than viously was director of product Dec. 13, 7:45-9 a.m. Women in Business Net- Orem. Free. Details are at https:// two decades of at NICE Systems Ltd. working, an Ogden-Weber clients.utahsbdc.org/events.aspx. see CALENDAR page 13 experience in • Weave, a Lehi-based com- public and pri- pany offering a business toolbox vate corporate for service-based businesses, Rick Hasselman finance and has hired Jeff Lyman as its first operations lead- chief product ership roles. He officer. Prior to most recently joining Weave, served as vice Lyman spent president of more than six finance and years at Vivint opeations for Smart Home. Sumo Logic. Most recently, Chance Olson Prior to that, he Jeff Lyman he served as its served in sever- chief product al roles at Google and was a direc- officer. Prior to Vivint, he held tor at PwC. Olson has a decade various leadership roles during of experience guiding both high- nine years at Nike. growth technology companies as • Verisys, a South Jordan- well as Fortune 500 corporations based company offering a cloud- in a variety of financial and opera- based technology platform of data, tional functions. Most recently, he analytics and services that sup- served as the vice president of ports enterprise-wide compliance strategy and M&A at Pluralsight. in the U.S. healthcare industry, Prior to that, he was a consultant has hired Srini Chillara as chief at McKinsey & Co. Olson’s edu- technology officer. He will lead a cation includes a B.S. in business team of more than 60 developers management from Brigham Young and software engineers. Chillara University. With the new hires, has more than three decades of the company’s employee count has experience in architecture, design risen from 430 at the beginning and development of complex soft- of the year to 661 at the start of ware systems to support ongoing November. engineering efforts. Prior to join- • MasterControl, a Salt Lake ing Verisys, Chillara worked at City-based digital platform com- Experian Health, managing mul- pany that enables life sciences and tiple products.

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MOBILE SOLUTIONS bankofutah.com/merchant-services 12 • Nov. 25-Dec. 1, 2019 • The Enterprise - Utah's Business Journal Opinion Crony Christmas lists crammed into phony Congressional crisis Here we go again. Another short-term extenders beyond the fact that many of them already surpassed the current threshold. handouts to the wealthy if they perceive that resolution has passed in Congress to avert a consist of corporate handouts and other bad Yet, just as with extenders, there’s a it serves a broader ideological purpose. government shutdown. Legislators routine- policies. For one, the current list of tax lot of pressure to keep this gravy train roll- But even they must admit that it doesn’t ly manufacture this sort of “crisis” to ram extenders includes provisions that have ing. Automobile retailers obviously want look good when their top presidential can- through provisions that wouldn’t survive been expired since 2017 or 2018. Often it. And for both political and ideological didates are now waging class warfare and scrutiny standing on their own. As expect- when this happens, Congress makes their reasons, many members of Congress are pushing wealth taxes. ed, Congress has pushed the bud- renewal retroactive. This practice also on board. Recently, a coalition of 166 Nor can anyone credibly claim that this get deadline into December, but only exacerbates the economic Democrats in Congress signed a letter to tax credit serves a greater good. A paper whenever the next full funding distortions and uncertainty sur- House leadership advocating an extension published earlier this year by economists bill is finally taken up, there will rounding extenders. Tax accoun- of the electric vehicle tax credit as part of a Benjamin Leard, Shanjun Li and Jianwei inevitably be an effort to load it tants, however, love it. list of other green-energy credits and hand- Xing showed that electric vehicles primar- up with crony handouts. Temporary extenders outs. ily replace newer gas-powered vehicles At the top of the wish list will also produce a wasteful lobby- Working against their effort is the fact that are already relatively fuel-efficient, not be “tax extenders.” These are tax ing bonanza as businesses seek that the benefits of this tax break go primar- VERONIQUE older vehicles that generate more pollution. provisions that generally bestow de RUGY to ensure that their benefits are ily to wealthy individuals who are better These researchers also find that 70 percent benefits on particular business renewed. This system is terrible able to afford the more expensive electric of the buyers getting the credits were going interests, but they expire every for everyone except the direct ben- vehicles. A 2016 Congressional Research to purchase an electric vehicle anyway. year or so. They must be renewed regularly eficiaries of the largesse. Service report found that 78 percent of There is, in other words, every good if the benefits are to continue. If any of the current tax extenders hap- those tax credits went to people with adjust- Not all tax extenders are corporate pen to be good policy, they should be made ed gross incomes of $100,000 or more, reason to let the electric vehicle tax credit favoritism. Some alleviate economic dis- permanent. The rest should be allowed to and 7 percent went to people earning over expire as intended. Congress should like- tortions in the tax code. But most of those die for good. $1 million. A later analysis by the Pacific wise resist its impulse to keep renewing provisions were either mooted by the 2017 Beyond extenders, another tax provi- Research Institute confirmed these findings, corporate handouts by reviving expired tax tax reform or have already been made sion to beware of at this time of year is the including that over 99 percent of the credits extenders. permanent. What is left, by and large, is electric vehicle tax credit, which is in the went to households earning above $50,000. Veronique de Rugy is a senior research cronyism, especially for various forms of process of phasing out. It’s limited by the Granted, in their continued fight to fellow at the Mercatus Center at George renewable energy. number of vehicles sold on a per-manufac- remove the cap put on the state and local tax Mason University in Fairfax, Virginia. There are a number of negatives asso- turer basis, so it’s not ending all at once, but deductions as part of tax reform, Democrats ciated with the system of temporary tax two of the top sellers in the industry have have proven that they have no problem with COPYRIGHT 2019 CREATORS.COM

Here's the explanation for the Zelensky interview that got away The phrase “quid pro quo” is usually On Sept. 13, I met with Zelensky in Post published an editorial revealing that Imagine Zelensky’s dilemma. By the translated as “something for something.” In Kyiv, on the sidelines of the conference. it had been “reliably told” that Trump was time I met with him in Kyiv, he knew the the case of Pres. Trump’s communications He came across as smart, energetic and trying to force Zelensky to investigate Joe aid had been released, but the backstory had with Ukrainian Pres. Volodymyr Zelensky, with a much sharper feel for politics than Biden. On Sept. 9, four days before my not yet broken into public view. Ukrainian it appears the “quo” was supposed to have you might expect from a neophyte. It was visit to Kyiv, House Democrats initiated officials I spoke to about the release of the been a declaration of his commit- a brief conversation, but we did an investigation into the Post’s allegations. aid were delighted but a little surprised and ment to undertake investigations discuss most of the big issues he That same day, the intelligence commu- unsure as to what had happened. Zelensky into the 2016 election and Joe faces — Ukraine’s relations with nity inspector general notified the House and his team were probably trying to figure Biden. The New York Times report- Russia and the U.S., economic and Senate Intelligence committees of the out whether they should still do the inter- ed that a public announcement was reform and corruption. We also whistleblower complaint. The next day, view. set to be made on my CNN pro- talked about whether he wanted Sept. 10, House Intelligence Committee A few days later, on Sept. 18 and 19, gram. So, I think I owe readers my to do the interview in English Chairman Adam Schiff sent a letter to act- the Post broke the story wide open. The best understanding of what actually — which he speaks well — or ing Director of National Intelligence Joseph interview was called off. We are, of course, happened. FAREED Ukrainian. I left with the sense Maguire, demanding that he turn over the ZAKARIA still trying to get it. Ever since Zelensky was elect- that all was well. Zelensky had complaint. That is also the day that Trump ed president in April, my team and perhaps seemed a bit distracted, announced that he had fired John Bolton Fareed Zakaria’s email address is fareed. I have been interested in having him appear but I assumed this was because of the many as national security advisor. And then, on [email protected]. on the show. He is a fascinating political fig- challenges he faced. Sept. 11, aid to Ukraine was unfrozen with ure, a total outsider who swept into power. I It’s a testament to Zelensky’s skill that no conditions. (c) 2019, Washington Post Writers Group had visited Ukraine several times and inter- he did not let on in any way the immense viewed the previous president of the country pressure he was under. As we now know, three times, so I was familiar with the place for months the Trump White House had and had good contacts. been mounting an intense campaign to force We began the process of establishing him to publicly announce those investiga- connections with the new administration, tions. He had tried to resist and put them which was cordial and efficient throughout. off in various ways, but ultimately decided Heads of state often find it useful to give he would have to give in, according to the interviews around the time of the annual Times. His team apparently concluded that U.N. General Assembly in September, and since he was planning an interview with that was our target. me anyway, that would be the forum in About a week before the main UN gath- which he would make the announcement, ering, another major conference was taking though neither he nor any of his team ever place in Kyiv, an annual event that brings gave us any inkling that this was their plan. together Ukrainian elites with Western poli- However, after my meeting with him in ticians, diplomats, intellectuals and journal- Kyiv, my team began to discuss potential ists. Since I was scheduled to participate, logistics of the interview with his team — I queried as to whether I could meet with time and place. Zelensky to secure the televised interview But I had not realized how much the and get him comfortable with me. His office ground had already begun to shift before readily agreed. our meeting. On Sept. 5, The Washington The Enterprise - Utah's Business Journal • Nov. 25-Dec. 1, 2019 • 13 Financial wellness should be part of your small-business strategy When most people think about Are Business Owners Running a small business is Small-business success business loan or line of credit, wellness, not surprisingly, what Overly Confi dent in a tremendous commitment — it’s stories are often the result of be sure that your business is comes to mind fi rst are topics like Their Financial Futures? more than a full-time job. All of hard work and careful planning. registered and that you obtain a mental and physical health, work/ More than 6-in-10 small the important details and decisions If you’re thinking of starting separate Tax ID number. You may life balance and mindfulness. business owners are confi dent in wind up on an owner’s desk, this journey, it pays to set your also want to speak to a lawyer or But fi nancial wellness both the fi nancial health which means they may not have business up correctly right from tax advisor about the best way is a key contributor to of their business and enough time to address important the start. You’ll need to properly to structure your new company. overall happiness. In their personal fi nancial challenges. register your new company, draw Many options are available and fact, fi nancial stressors future. Nearly one-half For many owners, the up a strategic plan, and make some may work better for you tend to have a negative agree that managing constant pressure to consider important fi nancial decisions. based on your company size, sales impact on health and cash fl ow (46 percent) revenue fl uctuations and ensure You’ll also want to develop volume and the type of business. wellness. This is true and maintaining proper there’s a proper cash cushion a trusting relationship with a Find a Location not only with personal cash reserves (45 means that other important aspects business banker who can help RYAN According to the SBA, fi nance, but in business MARTIN percent) are the most of the business are deprioritized. guide you through the process. home-based businesses account as well. important things a For example, one-third of business Determine Your Vision for approximately 50 percent of For small-business business owner can do owners believe they neither devote Understanding where you’re all businesses. If you do operate owners, fi nances are a signifi cantly to sustain good fi nancial health. enough attention to investing in starting from and where you want from your home, you’ll still want overlooked part of how they However, nearly half of their workforce nor to enhancing to be in fi ve years helps you set to take steps to formally set up view wellness. Only 8 percent of business owners admit they do a the well-being of employees. both short- and long-term fi nancial your business, such as renting a entrepreneurs consider fi nances poor job maintaining a detailed Additionally, 45 percent spend goals. Do you want to grow from a P.O. box and clearing out a space when they think of wellness, but budget and another one in fi ve too little time leveraging the latest home-based business to a company to work. For retail establishments, it’s an especially important issue say they devote too little time technology to cut down on costly with 20 or more employees? Or the U.S. Census Bureau provides given that the lines between their to understanding cash fl ow and ineffi ciencies. Other challenges are you happy to stay small-scale online tools, including a location personal and professional lives are maintaining proper cash reserves. include time for strategizing ways and serve a niche audience? evaluator that will tell you how Writing a Business Plan often blurred. This begs the question: Without to reduce operating costs and many similar businesses are managing inventory appropriately. Once you decide on the To better understand how a clear picture of the profi ts and already in existence in your city or Improving Financial Wellness business you’re most passionate small-business owners think losses, how can business owners town. Having the right team of about, be sure to have a formal about the fi nancial health of their be so sure their company is on the Funding Your Business experts in your corner can set business plan. Not only will it businesses, KeyBank recently right track? Why aren’t they doing Separate their personal you up to address the many show that you’ve given thought as surveyed members of its Business more to nurture the fi nancial fi nances from the business as challenges you inevitably will face to how you’ll run the business, but Forum to gather insights on the health of their business? much as possible. This can be as as a business owner. Even if you it’ll also set you up for success. time they spend on the fi nancial Respondents mentioned simple as opening a separate bank feel positive about your current According to the Small Business health of their businesses, what’s several other impediments to account to pay business expenses keeping them up at night, and the business health. Among them: fi nancial health, you can never Administration, the traditional and using a business credit card. most important fi nancial wellness proactively assessing risks to the be complacent. And KeyBank plan looks at nine separate items, You should also talk to your habits business leaders should business and knowing when to offers expert guidance and a full including a market analysis and insurance agent about purchasing incorporate into their everyday spend money on expansion and suite of small-business solutions fi nancial projections. You can also a separate business insurance lives. upgrades. to help optimize your fi nancial write a brief version of the plan, policy. health, regardless of your fi nancial especially if you don’t have all of confi dence. the information yet. Ryan Martin is the senior vice CALENDAR door. Details are at murraycham- Proper Planning Leads Register Your Business president and regional retail leader ber.org. from page 11 to Small Business Success If you’re applying for a of KeyBank’s Utah Market. Dec. 18, 7:30-8:30 a.m. Silicon Slopes podcast and fea- turing Dell Loy Hansen, presi- Coffee Connection, a dent and CEO of Wasatch Group Holladay Chamber of Commerce and owner of Real Salt Lake. event. Location is 3 Cups, 4670 Location is Silicon Slopes, 2600 Holladay Village Plaza, Suite W. Executive Parkway, Suite 140, 104, Holladay. Details are at hol- Lehi. Free. Details are at silicon- ladaychamber.com. slopes.com. MMMM… TASTY WOW Dec. 18, 5:30-6:30 p.m. Mondays! Tuesdays! Wednesdays! Dec. 17, 8 a.m.-noon Small Business Devel- “Recognizing and Addres- opment Center (SBDC) Work- sing Workplace Conflict,” shops, including “Quickbooks an Employers Council event. Workshop” and “Tax Planning.” TWISTY FRITTER SPRINKLES Location is Employers Council, Location is the Orem/Provo Thursdays! Fridays! Saturdays! Utah office, 175 W. 200 S., Suite SBDC, Utah Valley University, 2005, Salt Lake City. Cost is 815 W. 1250 S., Orem. Details $145. Details are at employer- are at https://clients.utahsbdc.org/ scouncil.org. events.aspx. Dec. 17, 11:30 a.m.-1 p.m. Dec. 19, 8:30-10:30 a.m. Business Alliance Network- “Unemployment Insurance ing Luncheon, a Davis Chamber in Utah: Appeal Hearing of Commerce event. Location Workshop,” an Employers is Boondocks Fun Center, 525 Council event. Location is Deseret Drive, Kaysville. Free. Employers Council, Utah office, Family Owned & Operated No RSVP required. Details are at 175 W. 200 S., Suite 2005, Salt davischamberofcommerce.com. Lake City. Cost is $99. Details are at employerscouncil.org. 2278 So. Redwood Road Dec. 17, 11:30 a.m.-1 p.m. Wasatch Business Series Dec. 19, 9-10 a.m. 801-975-6381 “Coffee With Clancy: event featuring U.S. Rep. Ben –– McAdams. Location is Residence Making Intellectual Property Inn by Marriott, 171 E. 5300 S., an Asset for Business Growth,” Murray. Cost is $20 before Dec. 13, $20 after Dec. 13 or at the see CALENDAR page 14 ’ 14 • Nov. 25-Dec. 1, 2019 • The Enterprise - Utah's Business Journal Business Tech You don't have to break the bank to get cool tech in your next car There is no doubt that today’s Another advanced feature road trip or two, you’ll be thrilled below the control panel. It may Then download the VW Car-Net technology is amazing. With of the 2020 Corolla is the lane- to have it. not look like much — or anything app. This mobile application is technology by our side, we can departure alert with steering assist. It would be hard to cover at all, actually. But if you were to perfect for staying up to date achieve almost anything. In fact, This is a lane and edge-of-road technology in Toyota vehicles put your phone on it, you’d notice with your car’s current condition. technology is so amazing that it monitoring system that keeps a and not mention the Prius. From something awesome. This is the You’ll receive notifications if you can almost help that car driver on the road. If a memes to bumper stickers, I am QI-compatible, wireless-charging, left a door open, if your car is left next to you turn on its driver begins to stray sure you’ve become acquainted non-slip surface. Gone are the unlocked or even when rain is in blinkers as it cuts you into a nearby lane or with this car by now. And while days of arguing over the only the forecast and your sunroof is off. off the side of the road there are a lot of stereotypes for phone charger. All you have to do open. You can also use the app to Since automatic for some reason, this this car, that doesn’t change the is set your phone down and let it receive a vehicle health report so blinkers are not a reality system will provide an fact that it’s got a lot of tech. charge. Thanks to this charging you can check the diagnostics of yet, let’s take a look at audible and visual alert. The first thing you’ll notice station, you can free up additional your car. some of the tech that the If the alert goes unno- on entering the Prius is its large USB ports for other guests or BAHAR I think it is important to top car companies put on FERGUSON ticed by the driver, the 11.6-inch multimedia display. This devices. notice that in this article, I only their vehicles. system may take matters giant touchscreen control panel is Moving from Toyota to covered common and affordable Toyota was the into its own hands and the brains for the whole car. From Volkswagen, another top-selling vehicles. While cars like BMW world’s leading car brand through gently correct steering to keep the this larger touchscreen, you can worldwide car company, you’ll and Tesla will have far more tech- 2018 — it increased its sales to vehicle on an appropriate path. adjust the climate, see car fluid find vehicles with just as much nological bells and whistles at an exceed 8 million vehicles world- While being kept in your lane levels and other information and, impressive technology. The Jetta, inflated price, your everyday cars wide. With more 2019 Toyota thanks to lane departure alert and thanks to Apple CarPlay; follow for example, has a completely are still loaded with technology. models flooding the streets than steering assist, you’ll also be kept Apple Maps; read your iMessag- customizable 10-inch digital cock- That doesn’t mean that a BMW or any other brand, this is going to be at the appropriate speed limit at es; and control your music. You pit display. You get to choose what a Tesla isn’t better than a Toyota the most common car technology all times, thanks to their adaptive can even connect Amazon Alexa is displayed in front of you as you or VW. It just means you don’t out there. cruise control. This cruise control to your control panel, enabling drive. You can select anything have to break the bank to get a car One of Toyota’s most pop- technology uses aspects of their you to ask Alexa for the news and from fuel economy to travel time, with great tech. ular models, the Corolla, comes other Toyota Safety Sense fea- weather or to control any smart- GPS, elevation or speed. Anything equipped with standard Toyota tures to help your car maintain a home devices. you choose will be displayed digi- Bahar Ferguson is president of Safety Sense 2.0 (TSS 2.0). TSS pre-selected speed while leaving The technology doesn’t stop tally at high resolution. Wasatch I.T., a Utah provider of 2.0 includes technology like a pre- you the ability to slow down or at the control panel. The wind- Want to stay in touch with outsourced IT services for small collision system with pedestrian speed up, depending on the condi- shield has a color heads-up dis- your Jetta while away from it? and medium-sized businesses. detection. The pre-collision system tions. This means your cruise con- play i, allowing you to focus on uses millimeter-wave radar and a trol will automatically slow you the road while maintaining your Networking, a South Jordan low-light camera with shape recog- down when approaching a slower speed, turn-by-turn directions and CALENDAR Chamber of Commerce event. nition to detect objects within your vehicle and it will speed back up battery life. This technology is from page 13 Location is Megaplex 20, 3761 striking distance. If you do not to your set speed once that vehicle derived from fighter pilot displays W. Parkway Plaza Drive, South apply the brakes on your own in is out of the way. This technology and helps keep drivers focused on a Women’s Business Center of Jordan. Details are at southjor- time, the system will automatically is found only on the CVT model the road. Utah event featuring Clancy danchamber.org. do so in order to reduce speed and and may be difficult to trust at You can find the next impres- Stone, business advisor for the lessen the severity of an accident. first, but by the time you finish a sive piece of technology just northern region for the Women’s Business Center of Utah; and Tom Dec. 27, 9-10 a.m. Pitch Clinic, a West Jordan Briscoe, registered patent attor- Chamber of Commerce event for ney and IP strategist at Kunzler business development profession- Bean & Adamson. Location is als to hone their skills in deliver- Publik Coffee Roasters, 975 S. ing a powerful elevator pitch. West Temple, Salt Lake City. Location is Mountain America Free. Details are at www.wbcu- Credit Union, 3065 W. 5400 S., Civil Engineering tah.org. Taylorsville. Free for chamber Structural Engineering members, $10 for nonmembers. Dec. 19, 11:30 a.m.-1 p.m. Details are at westjordanchamber. “Multiplying Lasting Pro- com. Missing a Piece? Laser Scanning & Land fitable Relationships,” a West Surveying Jordan Chamber of Commerce We Have You Covered event. Presenter is Clay Neves of Dec. 27, noon-1 p.m. Women in Business Brown Paving & Roofing Consulting Personal Sales Dynamics. Bag Lunch, a West Jordan Location is Mountain America Chamber of Commerce event. Landscape Architecture Credit Union, 3065 W. 5400 S., Location is Residence Inn, 7558 Taylorsville. Free for members, S. Plaza Center Drive, West $10 for nonmembers. Details are Jordan. Free. Details are at west- at westjordanchamber.com. jordanchamber.com. Dec. 19, 6-7 p.m. Small Business Develop- Jan. 3, 8-10 a.m. First Friday Face to Face, ment Center (SBDC) Work- a West Jordan Chamber of shops, including “Intellectual Commerce event. Location is Property” and “Legal Clinic.” Megaplex Theatres, second floor, Location is the Orem/Provo The District, 3761 W. Parkway SBDC, Utah Valley University, Plaza Drive, South Jordan. Details 815 W. 1250 S., Orem. Details are at westjordanchamber.com. are at https://clients.utahsbdc. Follow Us On: 801-255-7700 org/events.aspx. www.mcneilengineering.com Dec. 20, 8-10 a.m. see BRIEFS next page Third Fridays Speed 15 • Nov. 25-Dec. 1, 2019 • The Enterprise - Utah's Business Journal Revolutionizing Real Estate! No matter what you are looking for, I can help you nd it! 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CALENDAR from previous page CLASSIFIED Jan. 8, 5-7 p.m. Business After Hours, an Ogden-Weber Chamber of CAREERS VOLUNTEERS Commerce event. Location is The Monarch, 455 25th St., Ogden. Free for chamber mem- TECHNOLOGY bers and first-time guests, $10 for Micron Technology, Inc. has openings for Engineers- nonmember guests. Details are at Cell positions in Lehi, Utah. Responsibilities include: ogdenweberchamber.com. working with pilot fab and jdp team to develop 3d International Relief Teams Seeks Skilled x-point memory cell development technology. Mail re- Jan. 10, 7:45-9 a.m. Construction Volunteers sume to Nate Burt, 4000 North Flash Drive, MS 2-702, Women in Business Net- International Relief Teams (IRT) is seeking volunteers with construc- working, an Ogden-Weber Lehi, UT 84043. Please reference Job #10878.1273. tion skills (handypersons or licensed contractors) for one week de- Chamber of Commerce event. ployments to U.S. flood affected areas to help those families who can- Location is Weber Center, 2380 not financially recover on their own, get back into their homes. Washington Blvd., Ogden. Free Business Center of Utah, 175 E. fitable Relationships,” a West Our construction teams are currently working in Louisiana in the af- termath of last year’s record floods, and anticipate we will be needed for WIB members. Details are at 400 S., Suite 600, Salt Lake City. Jordan Chamber of Commerce in Texas in the near future. ogdenweberchamber.com. Free. Details are at wbcutah.org. event. Presenter is Clay Neves of Although skilled construction volunteers are our first priority, we will Personal Sales Dynamics. be adding a limited number of unskilled volunteers to each team. All Jan. 10, 8-10 a.m. Jan. 15, 8 a.m.-noon Location is Mountain America volunteers accepted for this assignment will be flown commercially from an airport near their home to an airport near the job site, leav- Friday Forum, a Utah Valley “Improving Behavior: Set- Credit Union, 3065 W. 5400 S., ing on a Sunday and returning the following Sunday. IRT will provide Chamber event. Location is Utah ting and Achieving Performance Taylorsville. Free for members, minivans for volunteers to use to for local transportation to and from Valley Convention Center, 220 Goals for All Workers,” a Small $10 for nonmembers. Details are the arrival airport and to and from the job site. W. Center St., No. 200, Provo. Business Development Center at westjordanchamber.com. Teams will be housed at local churches or other suitable facilities. Vol- Details are at thechamber.org. (SBDC) event. Location is Tooele unteers are responsible for bringing their own bedding, towels, and Technical College, Board Room, toiletries. There is a $150 volunteer participation fee to help cover Jan. 16, 3-5 p.m. airfare and local transportation costs, and volunteers are responsible 88 S. Tooele Blvd., Tooele. Cost is Jan. 14 and 21, 8 a.m.-4 p.m. Public Policy Forum, a Utah for their own meals while on assignment. $98. Details are at https://clients. “Effective Time Manage- Technology Council event focus- Work is performed Monday through Friday (full days) and a half day utahsbdc.org/events.aspx. on Saturday. Job assignments generally include installing windows, ment,” part of the Salt Lake ing on important issues regarding Community College Frontline doors, kitchen cabinets; laying tile, linoleum, or wood flooring; build- government’s impact on business. ing handicap ramps to the home; roofing; drywall and mudding; finish Leader Workshop Series. Jan. Jan. 16, 9-10 a.m. Location is Utah State Capitol, carpentry work, finishing plumbing; and other related tasks. We ask 14 is at SLCC’s Miller Campus “Coffee With Clancy,” 350 State St., Salt Lake City. Free. each volunteer to bring basic hand tools, such as a tool belt, hammer, in Sandy. Jan. 21 is at the a Women’s Business Center of pliers, putty knives, tape measure, etc. Power tools, generators, com- Westpointe Campus in Salt Lake Utah event featuring Clancy Registration can be completed at pressors, and other large specialty tools are provided by IRT and our City. Cost is $250. Details are at Stone, business advisor for the Eventbrite.com. local agency partners. For more information, contact Brett Schwemmer (bschwemmer@ http://www.slcc.edu/workforce/ northern region for the Women’s irteams.org), or to apply for an assignment, fill out an online volunteer courses/frontlineleader.aspx. Business Center of Utah. Location Jan. 17, 8-10 a.m. application (www.irteams.org). is Avenues Publik Coffee Roaster, Utah County Speednet, a About IRT: Since 1988, IRT has been actively involved in helping fam- Jan. 14, 9-10:30 a.m. 502 3rd Ave., Salt Lake City. Free. Utah Valley Chamber speed ilies in need in 68 international disasters, and 24 U.S. disasters. IRT construction teams worked for more than six years repairing and re- “Jump Start: Intro to Details are at www.wbcutah.org. networking event. Location is building homes in Mississippi after Hurricane Katrina, and four years Entrepreneurship,” a Women’s SCERA Center for the Arts, 745 in New Jersey after Superstorm Sandy, and is now working in Louisi- Business Center of Utah event. Jan. 16, 11:30 a.m.-1 p.m. S. State St., Orem. Free. Details ana after last year’s record floods. Location is the Women’s “Multiplying Lasting Pro- are at thechamber.org. 16 · Nov. 25-Dec. 1, 2019 · The Enterprise - Utah's Business Journal

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