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www.slenterprise.com March 8, 2021 Volume , Number 33 $1.50 5O OF NOTE Minimum wage hike stalled in Utah Legislature A bill that would have seen Utah’s min- imum wage raised to $15 an hour by July 2026 died a partisan death in a Utah House committee prior to the end of the recent leg- Just don't say it again! islative session. HB284 stalled in the House Business and Labor Committee, meaning it “Outbreak” is Utah’s most- was not brought to the House for debate or detested word or phrase as a a vote. The committee vote — 10-3 along result of the pandemic, according Offi ces with mostly empty workstations may be common in the future — and that may not be a bad party lines — tabled the bill for this session. to a poll by PRPioneer.com, a thing, according to speakers at a pair of recent investment meetings. Remote working may allow The bill was sponsored by freshman website which provides public companies to employ workers that don't want to move, either into or out of Utah. Companies thinking Rep. Clare Collard, D-Magna, who told the of coming to the state can attract the best talent without requiring people to relocate, presenters said. committee that the proposal would affect relations and communications about 19,000 Utahns who are now work- resources. The top fi ve also ing for the current $7.25 per hour minimum includes “fl attening the curve,” wage, a fi gure that hasn’t raised since man- “second wave,” “unprecedented” Silver lining? Working at home dated by the federal government in 2008. and “bubble.” Collard’s bill called for incremental increas- COVID-19 News es over the next fi ve years culminating in a may help company recruitment $15 per hour wage in 2026. page 2 ment to know if you can build a distribut- But Republicans worried that the in- Industry News Briefs Brice Wallace ed company, it’s no longer an experiment creases would kill jobs and hurt the economy. pages 10-11 The Enterprise to know if you can have team members all Representatives of the business community around the world,” Wright said during a who spoke during the public comment pe- Business Calendar riod of the committee meeting argued that The COVID-19 pandemic could have panel discussion about the investing market page 13 new minimum wage mandates would harm a long-lasting effect that benefi ts Utah during VentureCapital.Org’s 37th annual In- small businesses already hurting from the companies looking to recruit and retain the vestors Choice event. COVID-19 pandemic. best talent. “What that means is that you can attract “The timing on this is just really, re- Speakers at a pair of recent Utah in- the very best talent and you don’t have to ally diffi cult,” Dave Davis, president of the vestment gatherings said the ability for em- convince them anymore to come move to Utah Retail Merchants Association, told the ployees to work from anywhere has been Provo.” panel. “We have small businesses, many of proven effective and could aid compa- At the Entrepreneur & Investor Life which are going through trying to recover nies looking for workers who don’t want Science Summit, presented by BioUtah, from the pandemic and the economic ef- to move to Utah and also those who might a panel was asked about Utah companies’ fects of that. And this would crush those come here and not want to leave. limitations to growth related to the inabil- businesses.” Dalton Wright, partner at Kickstart ity to attract experienced senior manage- Other business representatives noted Seed Fund, said future trends might have ment. Amy Belt Raimundo, vice president that a majority of businesses are paying people return to offi ce settings for in-per- and managing director at Kaiser Perman- more than the current minimum wage due son interaction and meetings. to market pressures and a sparsity of avail- “But I think what has been changed able workers. They said that the economy forever for us is, it’s no longer an experi- see RECRUITMENT page 19 should drive wages, not the government. Collard’s bill came on the heels of a minimum wage debate raging in Washing- ton. President Joe Biden wanted to include Utah biotechs helping the world a $15 minimum wage to his $1.9 trillion coronavirus relief bill. Justifying his vote against the Utah - and doing just fi ne themselves measure, Cache Valley Republican Rep. Utah companies acted to respond to the pan- Casey Snider, a Business and Labor Com- Brice Wallace demic, and that innovation has expanded the mittee member, cited a fi scal analysis by The Enterprise state’s life sciences footprint on a national the non-partisan Congressional Budget and global scale, he said. Offi ce in Washington. The CBO said that, Utah life sciences companies are help- “Looking to the future today and being while hiking the minimum wage to $15 na- ing the world emerge from the COVID-19 intentional is especially important as we see tionwide would lift an estimated 900,000 pandemic, and the industry itself in Utah light at the end of the COVID tunnel — a workers above the federal poverty level, it remains well-positioned to do the same. light that is being brought to us by the di- would also result in the loss of up to 1.5 Kelvyn Cullimore, president and CEO agnostics, treatments and vaccines produced million entry-level jobs. of BioUtah, recently cited statistics show- Utah is one of 21 states that have not ing that Utah’s industry is thriving and is raised their minimum wage above the $7.25 poised for continued growth. At least 50 see BIOTECH page 19 federal standard. 2 • March 8-14, 2021 • The Enterprise - Utah's Business Journal COVID-19 AND UTAH - NEWS AFFECTING YOUR BUSINESS & YOUR EMPLOYEES

Order extends mask mandate, adjusts agencies, but starting March 15, renters from anywhere in vaccines to around 196 participating COVAX countries and the state can apply for assistance online at rentrelief.utah. economies by the end of 2021. The initial 2 billion doses school testing, public gathering policy gov. are intended to protect frontline healthcare and social work- Renters are eligible if they have combined household ers, as well as high-risk and vulnerable people. A Utah public health order issued late last month means income at or below 80 percent of area median income, “This grant for our important role in COVAX, from masks designed to help stop the spread of COVID-19 will have qualifi ed for unemployment, experienced a reduction Latter-day Saint Charities, is the single biggest donation be required at least until of March 25. The order, issued by in income or incurred signifi cant costs due to the pandemic from a private-sector partner that we’ve received to date,” Utah Department of Health executive director Rich Saun- and are experiencing housing instability. Applicants may said Henrietta Fore, UNICEF executive director. “We hope ders, also puts in place increased testing that will be re- be prioritized and expedited if they have been unemployed that their generosity inspires other organizations, business- quired for one-time extracurricular high school activities for at least 90 days or are at or below 50 percent area me- es and individuals to help us ensure equitable access to CO- and a “test to stay” policy for a K-12 school to remain open dian income. VID-19 vaccines.” after an outbreak. It also eases some restrictions for bars and Eligible expenses under the program include current “We express gratitude to UNICEF’s team and organi- public gatherings in areas with “moderate” transmission. rent plus three months of prospective rent, past-due rent, zation. They have done so much to care for children and The order replaces the previous order that was signed Jan. 1 eligible fees, security deposit, utilities and Internet service. their families and help them meet basic needs and fulfi ll and expired Feb. 28. their potential,” said Bishop Gérald Caussé, presiding bish- The order mandates face coverings in indoor public set- op of the church. “As more adults in vulnerable communi- tings and public outdoor settings in situations within 6 feet Survey fi nds mixed results when ties are vaccinated, critical health, nutritional and educa- of an individual from a different household. Businesses and tional services for children in need will be able to resume. event hosts are still required to comply with “any face mask workers asked about remote work We hold hope in our hearts not only of overcoming the pan- or physical distancing requirements required” under the up- Midvale-based CHG Healthcare, a privately held demic, but of seeing a brighter future for all children and date. healthcare staffi ng company, has found that workers are their families.” The public health order states counties with “low trans- fi nding that working from home during the COVID-19 has mission” levels will be able to remove the requirement eight had a mixed impact on their mental health. CHG surveyed weeks after the department has been allocated 1.63 million more than 850 U.S. workers, ranging from ages 18-71, Salt Lake fi rms enter agreement to fi rst doses of the COVID-19 vaccine. It is yet to be seen about their feelings on returning to work while the corona- when that threshold may be reached. It is likely the require- virus remains a health threat. distribute pathogen-killing masks ment will only begin to be lifted in some areas sometime in Over a third (35 percent) of respondents said working late spring or early summer this year based on the defi nition from home during this time has positively impacted their Two Salt Lake City companies have entered into a li- in the health department guidelines. mental health, while over a quarter (26 percent) indicated censing agreement for the production and distribution of The order also requires a “test to play” for school-spon- a negative impact. Thirty-nine percent reported no change consumer face masks treated with silicon nitride, which sored “one-time” events such as dances. It also requires to their mental health. Of those who indicated working re- inactivates pathogens such as the COVID-19 virus. O2To- “test to stay” measures for school districts following an out- motely negatively impacted their mental health, an over- day, a fi rm that develops, manufactures and commercial- break at a school. whelming majority (82 percent) believe returning to the of- izes face masks for medical and non-medical purposes, “If the school implements ‘test to stay,’ any student fi ce will improve their mental health. and SINTX Technologies, a manufacturer of silicon ni- who tests positive must transition to remote learning for As employers work on their return-to-offi ce plans, tride ceramics, said the new agreement is for two years 10 days from the date of their test,” the health department employees are anticipating more opportunities for remote/ with options for an extension. update said. “Students who choose not to be tested should virtual work (26 percent) and more fl exible work sched- O2Today expects to release its fi rst consumer mask also transition to remote learning for 10 days if less than 60 ules (22 percent). More than half (54 percent) of respon- integrated with SINTX’s silicon nitride during 2021. The percent of the school population participated in the testing dents indicated that they are more interested in having a mask will inactivate pathogens in the fabric itself, there- event or if the percent positivity from the testing event is 2.5 hybrid in-offi ce/work-from-home schedule. Nearly a third fore reducing the spread of viral diseases and effectively percent or higher.” (32 percent) have no interest in returning to a physical of- fi ghting against COVID-19, the company said. Since the The other big changes are at bars or any public gather- fi ce, preferring to work from home or virtually. Only 9 per- outbreak of COVID-19, SINTX Technologies has been ings in counties of “moderate” level of transmission. The cent want to go back to the offi ce full time. testing the antiviral properties of silicon nitride for use in order states any bar in areas of “moderate” transmission no Workers are also expecting companies to put addition- antipathogenic applications. Rigorous safety, effi cacy and longer have to limit capacity to 75 percent but masks are al health policies in place. Almost four in fi ve employees wearability tests are currently underway. still required and groups must remain at least 6 feet apart (79 percent) want their employer to enforce extended time “We are thrilled to enter this agreement with SINTX from each other. away from the offi ce when an employee falls ill. An ad- Technologies, a company that has a remarkable history of ditional group of respondents (17 percent) want increased conducting the science and developing products based on safety measures including masks, spacing between em- silicon nitride and its various formulations,” said Bruce Rental assistance program paused, ployees and limited social gatherings. Lorange, CEO of O2Today. “We are passionate about re- A signifi cant portion of respondents (44 percent) said spiratory health and have been an innovator in the design but will be centralized app process they prefer their employer require employees to be vacci- and manufacturing of protective face wear that reduces Starting March 15, Utah renters can apply for pandem- nated before returning to the offi ce, while 33 percent don’t exposure to airborne threats since 2015. We believe that ic rental assistance through a single, centralized online ap- think the vaccination should be required before returning. this agreement will position O2Today as a market lead- plication. Until then, the program has stopped taking new er in the next generation of face masks to combat COV- applications in order to ensure that new federal guidelines ID-19 and other air-borne ailments caused by viruses and are met. Latter-day Saint Charities commits bacteria.” “Emergency Rental Assistance is an important pro- “The development of a ‘catch-and-kill’ mask contain- gram that can help Utah renters impacted by the pandem- $20M to UNICEF COVID-19 response ing SINTX’s silicon nitride is an important step towards ic to stay in their homes,” said Department of Workforce Latter-day Saint Charities, the humanitarian arm of The offering viral protection to healthcare professionals and Services Deputy Director Nate McDonald. “While we rec- Church of Jesus Christ of Latter-day Saints, has announced the general public,” said Sonny Bal, CEO and president of ognize that a pause in accepting applications may cause a $20 million grant to support UNICEF’s global work with SINTX Technologies. “Given the effectiveness of silicon concern, it will help to ensure the updated program runs the Access to COVID-19 Tools (ACT) Accelerator and the nitride in inactivating pathogens, there is an opportunity smoothly and will allow local community action program vaccines arm of the ACT Accelerator called the COVAX to turn what has been single-use masks into a reusable agencies to work through their existing backlog of applica- Facility. UNICEF conducts the United Nations’ child relief PPE, thereby extending their life for healthcare workers tions.” effort. and essential personnel.” The state has partnered with local community action Latter-day Saint Charities made a $3 million dona- O2Today said that in order to control the supply chain program agencies around the state, as well as counties and tion in 2020 to facilitate UNICEF’s urgent COVID-19 re- from raw material to fi nished goods, and to meet the glob- cities, to develop and implement the program and transition sponse, providing water, sanitation and hygiene services. al demand for face masks driven by COVID-19, the com- to the updated guidelines. Previously, renters applied for The new grant will contribute to UNICEF’s efforts in pany has established a new production facility in Salt

rental assistance through local community action program leading the procurement and supply of 2 billion COVID-19 Lake City, close to SINTX’s manufacturing plant.

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E MABR.COM V I 2011 • N N 2021 A YEAR 801.297.1851 PROTECTING YOUR IDEAS AND YOUR BUSINESS. The Enterprise - Utah's Business Journal • March 8-14, 2021 • 3 State parks visitation up more MyHeritage acquired by Francisco Partners than 2.6 million from 2019 to 2020 Even in the midst of the CO- MyHeritage, a Lehi-based online genealogy tion, we created new and exciting ways for peo- Not only did visitation in- VID-19 pandemic, the Utah Di- platform, has announced that Francisco Partners, ple to learn about their origins. In Francisco Part- crease in state parks, but many vision of Parks and Recreation is a global investment fi rm based in Menlo Park, ners we see a true partner for our journey ahead, popular boating and off-highway reporting an uptick in state park California, that specializes in partnering with not only demonstrated by the trust they are plac- vehicle areas throughout Utah visitation from 2019 to 2020 — technology businesses, has signed an agreement ing in our company through this acquisition, but also saw increased use. In fact, the an increase of over 2.6 million to acquire the company. The fi nancial terms of in their desire for us to remain true to our vision statewide OHV and boating pro- visitors. The total number of state the transaction were not disclosed. by continuing along our path and helping us do grams reported increases in both park visitors in 2020 was almost Founded in 2003, MyHeritage has built a what we do best — putting our users fi rst and the numbers of registered boats 10.6 million, an increase of 33 subscription-based global enterprise helping giving them life-enriching, and sometimes life- and non-resident OHV permits percent from 2019 when Utah’s families discover their heritage. The MyHer- changing, experiences. This move will enable us compared to years past. 44 state parks saw just under 8 itage platform is currently used by 62 million us- to reach new heights, invest more resources in Offi cials said visitation num- million visitors. ers worldwide and is available in 42 languages. creating greater value for our users and to reach a bers are expected to remain high “Our state parks saw elevat- MyHeritage users have collectively created more larger audience. We’re incredibly excited for this this year. While many of these ed visitation numbers throughout than 58 million family trees. The company has next chapter in our company’s evolution.” visitors are familiar with the out- the traditional summer season,” amassed an extensive database of 13 billion his- “By leveraging our operational expertise, doors and the best practices and Jeff Rasmussen, Utah Division torical records, including exclusive collections market resources and strong industry networks, ethics associated with them, many of Parks and Recreation director, from many countries. The platform’s features we believe Francisco Partners is uniquely posi- are new to the outdoor recreation said. “Not only that, but record- include tools for colorizing and enhancing his- tioned to help MyHeritage accelerate its vision arena. breaking visitation continued into torical photos that are based on artifi cial intelli- for growth. We are deeply impressed by the in- Because of this, the divi- the fall and winter and has not ta- gence. credible achievements and relentless determina- sion is encouraging all visitors to pered off like it normally does.” “When I founded the company from my tion of Gilad, a visionary leader in genealogy continue practicing “responsible While there was a decrease home 18 years ago, I had a clear vision that drove who has grown the company from a start-up to a recreation” by social distancing, in visitation early on in the spring me and continues to drive me today — to make profi table global market leader,” said Eran Gor- not congregating at trailheads, due to restrictions at the start family history discovery easier using technology ev, Francisco Partners’ president of Israel and se- checking park conditions and of the pandemic, Utahns and and to unlock the fun in genealogy: the human nior operating partner, who will join the MyHer- capacity levels before getting on non-resident visitors alike soon pursuit that bonds people,” said Gilad Japhet, itage board of directors upon the closing of the the road, keeping recreation areas fl ocked to state parks once resi- founder and CEO of MyHeritage. “With the help transaction. “We are looking forward to partner- clean, packing out what they bring dent-only restrictions were lifted. of an excellent and dedicated team, years of hard ing with Gilad and the entire MyHeritage team to in and disposing of trash in the “We never closed our doors work, and with constant technological innova- help drive market expansion for the company.” appropriate facilities. to the public. While there was a time when visitation was restrict- ed due to local health orders, we were always open,” Rasmussen said “Access to outdoor recreation UTAH’S BUSINESS JOURNAL MWCN names 2021 Entrepreneur of the Year is something many Utahns con- USPS # 891-300 sider an essential part of their life. Published weekly by: Utah business networking or- Kiessners and their three children the David Eccles School of Busi- Our managers, rangers and staff Enterprise Newspaper Group ganization MountainWest Capi- traveled by ship and train to ar- ness. After returning to Germa- all worked hard to make this hap- 825 North 300 West Ste. NE220 tal Network (MWCN) has an- rive, temporarily moving into her ny, he co-owned Skanwell Meyer pen. We’re happy we were able Salt Lake City, Utah 84103 nounced the recipient of its annual parents’ home where they found- GmbH + Co. KG and Busse & to bring some joy to visitors and 801-533-0556 FAX 801-533-0684 www.slenterprise.com Entrepreneur of the Year award, ed Packsize, a corrugated pack- Niederstadt GmbH, both paper- help keep local economies going naming Hanko Kiessner as the aging technology company, now in these unprecedented times.” PUBLISHER & EDITOR board product companies. R. George Gregersen 2021 honoree. Now in its 33rd with operations in more than 28 PRESIDENT year, MWCN’s award recognizes countries. David G. Gregersen a Utah entrepreneur who has built “Our theme for the award [email protected] an industry-leading company, in- ceremony this year is ‘Blue Sky VP/GENERAL SALES MANAGER Dale Dimond spired others to pursue their own Mindset,’ and Hanko Kiess- [email protected] entrepreneurial vision and gives ner embodies that ideal through MANAGING EDITOR back to the community. his passion for the environment IRONWORKERS John M. Rogers Kiessner is the co-founder and his sustainable approach to [email protected] business, CONTROLLER and CEO of Packsize Internation- ” said Jake Kastan, MW- Richard Taylor al, a Utah-based company that CN’s Entrepreneur of the Year BUILD [email protected] has grown rapidly to become the vice chair. “Packsize is a success OFFICE MANAGER leader in “Right-sized Packaging because it solves a fundamen- Dionne Halverson [email protected] on Demand.” Packsize has held tal problem, and it’s an industry CLASSIFIED DISPLAY a ranking on MWCN’s Utah 100 leader because Hanko is always WITH [email protected] list 10 times. Packsize addresses focused on innovation and im- CIRCULATION the need to reduce unnecessary provement.” Dionne Halverson [email protected] air from corrugated shipping, an “A lot of people work in a THE LIST DEVELOPMENT issue receiving greater visibil- job that they know is problematic [email protected] ity due to the recent exponential and want to give back charitably ADVERTISING INQUIRIES growth of e-commerce. The Pack- as a way to compensate. My be- [email protected] size line of custom box-making lief is that we can do both at the TO CONTACT NEWSROOM BEST [email protected] machines, automated systems, same time,” said Kiessner. “This ART SUBMISSIONS software and packaging workfl ow is a wonderful privilege to be [email protected] solutions help fulfi llment centers named MWCN’s Entrepreneur of Subscription Rates: and other businesses drastically the Year, and it really goes to my Online only, $65 per year improve their packaging effi cien- team of outstanding people who Print only, $75 per year cies and reduce waste. bring their best selves to work ev- Online and Print, $85 per year Any opinions expressed by the columnists are not After owning and operating ery day, and who have made this necessarily the opinions or policy of Enterprise, paper goods and corrugated board company such a success and a it’s owners or managers. Reproduction or use of VISIT NORTHWESTIMPACT.COM TO DISCOVER contents without written consent of the publisher is businesses in his native Germa- great place to work.” OVER 200 CONTRACTORS EMPLOYING MORE prohibited. All rights reserved. ny, Kiessner and his wife, Lau- Kiessner attended the Uni- THAN 7,500 HIGHLY TRAINED IRONWORKERS © 2020 Enterprise Newspaper Group Inc. ra, decided to return to Utah, versity of Utah, where he earned Periodical postage paid at Salt Lake City, Utah POSTMASTER: Send address corrections to: where they had met while attend- a bachelor’s degree in business P.O. Box 11778, Downtown Station ing the University of Utah. The administration and an MBA from Salt Lake City, Utah 84147 4 • March 8-14, 2021 • The Enterprise - Utah's Business Journal

Alianza acquires Canadian firm CounterPath Kerby named president of Big-D Alianza Inc., a Pleasant phone services from a single pro- munications landscape,” said Todd Grove-based cloud-based commu- vider, to Alianza offerings. Carothers, chief revenue officer nications platform for service pro- “We are on a mission to of CounterPath. “The companies commercial & residential division viders, has acquired CounterPath help service providers grow mar- share a commitment to empower- Big-D Signature, the commercial and residential partner Corp., a Vancouver, British Colum- ket presence and revenue with a ing service providers with innova- company of Salt Lake City’s Big-D Construction, has named bia-based provider of softphones, one-stop-shop to cloud-source tive communication products that Mike Kerby as president in its Park City office. cloud meetings and mobile solu- all their communications offer- have a meaningful impact on the Kerby has been in several construction industry senior lead- tions. The combination with Coun- ings,” said Brian Beutler, CEO and bottom line and doing so with a fo- ership roles over the past 30 years. Serving as the senior vice pres- terPath strengthens Alianza’s abil- founder of Alianza. “By adding cus on simplicity and high quality.” ident of Big-D Signature, he helped strengthen the brand and has ity to deliver the best end-to-end CounterPath products, Alianza’s Beutler said Carothers will grown the group from $36 million to $132 million in revenue in cloud communications platform customers are able to future-proof join the Alianza executive team as the past five years, Big-D said. for service providers, the company their solutions and compete with executive vice president of corpo- “I’m incredibly proud of the team that we have built and the said in a release. vertical market players by adding rate strategy. The Alianza head- pride they take in completing each project with the highest quality CounterPath brings cloud modern messaging, video confer- quarters will remain in Pleasant standards, while keeping the project on schedule and on budget,” voice, video conferencing and text encing and collaboration tools.” Grove and the company will main- said Kerby. “Our commitment goes beyond our clients; our com- messaging for businesses, in ad- “Together, Alianza and Coun- tain CounterPath’s presence in mitment is to the entire community to be involved, to give back dition to cost-effective residential terPath will change the cloud com- Vancouver. and to make a positive impact. I look forward to continuing to build upon Signature’s success and work hand-in-hand with the team to carry on the exceptional services that we are known for.” Kerby has also been on Big-D’s board of directors for the Clubessential Holdings buys foreUP Inc. past two years, managed both Big-D Signature offices and sup- Clubessential Holdings, a company said. Systems, PrestoSports and Club- ported sister company Dovetail Construction of Bozeman, Mon- Cincinnati-based provider of “For the past 10 years, the essential, offering a variety of tana. membership and management so- foreUP team has been on a mission technology and services which “Mike has been an integral and transformational part of the lutions to private clubs, college to modernize and simplify golf help more than 10,000 custom- growth and progress of Big-D companies, especially within Big- athletics, health and fitness com- operations by bringing the course ers attract members, build loyalty D Signature,” said Rob Moore, CEO of Big-D Construction. panies and the parks and recre- to the cloud,” said Evan Teshima, and enhance operational efficien- ation market, has purchased fore- CEO of foreUP. “As we continue cy. The acquisition of foreUP, in UP of Pleasant Grove, a provider to innovate to help our customers partnership with sister company of cloud-based public golf club increase golf participation and im- Clubessential, positions Clubes- Complete Solar buys Current Insight management software. prove their financial performance, sential Holdings to serve nearly Founded in 2012, foreUP spe- we found an ideal business partner 3,000 public and private clubs and Complete Solar, a Lehi- products, creates new revenue op- cializes in cloud-based point of in Clubessential Holdings to sup- courses. based home solar systems design- portunities and further establishes sale, tee sheet, billing, food and port our rapid growth. They share “We’ve followed Evan and the er and installer, has acquired Cur- their position as a sales, fulfill- beverage and reporting software our vision and passion for deliv- foreUP team over the past several rent Insight LLC. Current Insight ment, and services platform for the products, as well as marketing and ering exceptional customer ser- years, as they’ve successfully tran- is an engineering company that solar industry, the company said. web services. Its technology al- vice and innovative technology to sitioned the public golf software provides CAD designs, structural “Complete Solar is committed lows clubs to manage their opera- grow the game of golf, I’m look- market to the cloud,” said Randy engineering stamps and electrical to being a complete platform for tions from anywhere and deliver ing forward to leading the foreUP Eckels, CEO of Clubessential engineering stamps to solar com- the solar industry, said Will An- exceptional experiences to their team to accelerate our mission of Holdings. “We’ve been impressed panies. derson, Complete Solar co-found- guests on any device. Designed to delivering unparalleled guest ex- with their vision, commitment and “Current Insight is a domestic er and CEO. “We partner with the simplify golf course operations, periences for our clients.” passion for delivering exceptional company that delivers the highest- best companies in the industry to foreUP’s technology is easy to Clubessential Holdings man- customer experiences through in- quality designs and engineering deliver critical tools and services. learn, use, and is customized to ages a portfolio of programs, in- novative applications of technol- services at more affordable rates Current Insight is a leader in de- fit each course’s unique needs, the cluding ClubReady, Vermont ogy.” than many of their offshore com- sign and engineering services and petitors because of their focus is a perfect fit for our expanded of- on automation and technology,” fering.” Complete Solar said in announc- “By joining forces with Com- ing the transaction. plete Solar we will greatly im- As a division of Complete So- prove our already high standard lar, Current Insight will continue of service for our customers and to deliver CAD and engineering will rapidly begin providing them services to the solar industry. This greater automation and integra- acquisition augments Complete tion,” said Current Insight CEO Solar’s offerings with three new Chris Bagley.

P.G. landscape companies merge Stratton & Brätt, a privately ing on projects locally as well as owned Utah landscaper in Pleas- in Mexico and Haiti. ant Grove, has purchased Elite “Utah showcases amazing Grounds LC, also a Pleasant red-rock desert and mountain Grove-based landscaping compa- canvases on which to create stun- ny. A release from the company ning personal paradises for folks said that Elite Grounds will han- flocking to the Intermountain dle all commercial and residen- West,” said Zack Stratton, CEO tial property maintenance while at Stratton & Brätt. “Hundreds of Stratton & Brätt focuses on de- happy corporate and residential signing and building new land- clients pave the path to continu- scapes. ing quality work in the future. If Stratton & Brätt specializes you can dream it, we can build it.” in large commercial and high-end Elite Grounds brings a large residential projects like its cur- maintenance portfolio to the joint rent work on the St. George Tem- company, Stratton said. It works ple. The company has landscape in the areas of aquatics, residen- architects, arborists, aquatics, and tial, community and commercial desert xeriscaping experts work- landscaping. The Enterprise - Utah's Business Journal • March 8-14, 2021 • 5 6 • March 8-14, 2021 • The Enterprise - Utah's Business Journal

ful impact on our business per- apeutic procedures. formance and now have become “We delivered fourth-quarter CORPORATE FINANCIAL REPORTS part of our business as usual. We revenue results above the high end doubled new customers, driving of our guidance range, increasing The following are recent fi- “Our Progressive Leasing share, for the fourth quarter end- significant revenue growth. We 6 percent quarter-over-quarter as nancial reports as posted by se- segment delivered record rev- ed Dec. 31. That compares with improved margins and delivered reported, despite the challenging lected Utah corporations: enue, earnings before taxes, and a loss of $27 million, or 73 cents profitability. We significantly up- operating environment and slow- adjusted EBITDA for the fourth- per share, for the same quarter a graded our leadership team. We er-than-expected pace of recovery PROG quarter period, in spite of chal- year earlier. added key independent directors from the COVID-19 pandemic PROG Holdings Inc., based lenges posed by the pandemic,” Revenue in the most recent to our board. We were focused, in many of our primary markets in Salt Lake City, reported net Steve Michaels, CEO, said in an- quarter totaled $684 million, up disciplined and strategic in our around the world,” Fred P. Lam- earnings of $40.8 million, or 60 nouncing the results. from $370.9 million for the year- decisions and actions. And we’re propoulos, chairman and CEO, cents per share, for the fourth “During our first quarter as earlier quarter. just getting started.” said in announcing the results. quarter ended Dec. 31. That com- a stand-alone fintech company, For the full year 2020, the Lampropoulos said the com- pares with a net loss of $107 mil- the PROG team provided excep- company reported net income of Merit Medical pany’s 2021 financial guidance. lion, or $2.06 per share, for the tional service to our customers $56 million, or $1.24 per share, Merit Medical Systems Inc., “reflects cautious optimism on the same quarter a year earlier. and point-of-sale retail partners which compares with a net loss based in South Jordan, reported prospects for an improving oper- Revenues in the most recent while also completing the spin-off of $121.8 million, or $3.46 per net income of $15.4 million, or ating environment as we progress quarter totaled $605.7 million, up of our former Aaron’s Business share, for 2019. 27 cents per share, for the fourth through the year, with continued from $568.7 million in the year- segment. We continued to navi- Revenue in 2020 totaled quarter ended Dec. 31. That com- COVID-19-related headwinds earlier quarter. gate challenging economic condi- $2.55 billion, up from $1.46 bil- pares with a net loss of $4.2 mil- over the first half of the year, For the full year 2020, the tions, as changes in customer be- lion in 2019. lion, or 8 cents per share, for the and a return to more normalized company reported a net loss of havior, supply chain disruptions Overstock.com is an online same quarter a year earlier. growth as the overall global re- $61.5 million, or 90 cents per and broader economic uncertainty retailer and technology company. Revenue in the most recent covery takes shape over the sec- share, which compares with net negatively impacted gross mer- “Overstock had an incredible quarter totaled $258 million, flat ond half of the year.” earnings of $31.5 million, or 47 chandise volume (GMV) in the year in 2020,” Jonathan Johnson, with a year earlier. cents per share, in 2019. period. CEO, said in announcing the re- For the full year 2020, the Health Catalyst Revenue in 2020 totaled “During 2021, we expect to sults. “The operational improve- company reported a net loss of Health Catalyst Inc., based in $2.49 billion, up from $1.16 bil- achieve strong GMV growth by ments we began making at the $9.8 million, or 18 cents per South Jordan, reported a net loss lion in 2019. expanding our e-commerce busi- end of 2019 enabled us to ben- share, which compares with net attributable to common stock- PROG is a financial technol- ness and driving increased sales efit from this unprecedented en- income of $5.5 million, or 10 holders of $43 million, or $1.01 ogy holding company operating for our existing and new point-of- vironment in which we all find cents per share, for 2019. per share, for the fourth quarter Progressive Leasing, a provider sale retail partners.” ourselves increasingly working, Revenue in 2020 totaled ended Dec. 31. That compares of virtual in-store, e-commerce learning and living in our homes." $963.9 million, down from with a loss of $14.3 million, or 39 and app-based point-of-sale lease- Overstock.com Johnson said the company $994.9 million in 2019. cents per share, for the same quar- to-own solutions, and Vive Finan- Overstock.com Inc., based “accomplished what we set out to The company manufactures ter a year earlier. cial, an omni-channel provider in Salt Lake City, reported net in- do at the beginning of the year. We and markets proprietary dispos- of second-look revolving credit come attributable to stockholders delivered on our 2020 initiatives; able medical devices used in in- products. of $12.6 million, or 26 cents per these initiatives had a meaning- terventional, diagnostic and ther- see EARNINGS page 16

$109 The Enterprise - Utah's Business Journal • March 8-14, 2021 • 7 8 • March 8-14, 2021 • The Enterprise - Utah's Business Journal

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WEBER DAVIS UPDATE SPONSORED BY BANK OF UTAH Ogden-Weber: Proven ground for business vitality in Northern Utah Northern Utah is positioned to pull career. Additionally, companies that ers are reliant on successful logistics Respecting business growth, out of the pandemic in better shape require employees with unique skills, systems to get what they need. While it Northern Utah is attracting corpora- than most areas as we take on the chal- including engineering, are attracting brings more business relevancy to our tions and small businesses alike. At lenges dealt in the past year. talent from other states. region, it shines a light on the need to the one end, Northrop Grumman has Our opportunities are immense. In the wake of potential finan- create a sustainable transportation sys- established its foothold and is growing With unsurpassed quality of life and cial ruin caused by the pandemic, our tem. quickly at the Roy Innovation Center as a strong business climate, employers financial institutions are leading the Added to business needs for trans- part of the $13 billion contract with the from around the world are locating and path in processing paycheck protection portation, we are addressing population Air Force, a contract that will modern- growing in the region. Our infrastruc- loans which have been a major factor growth in the area. You need to look ize the country’s intercontinental bal- ture is poised for growth and in stabilizing our economy. In no further than Highway 89 and I-15 listic missile system. This is bringing we have a proven track record addition, our state, counties that connects Northern Utah to Salt additional workforce to the area as well of working collaboratively and local cities are working Lake City to see the need for expanded as attracting similar businesses to sup- to ensure that our businesses together to administer federal highway service. Due to the increasing port the program. It’s a major element have the resources they need CARES grants in an equi- population base and growing workforce to the Northern Utah economy that will for success. table and impactful way. It’s in the area, our roadways are feeling positively impact the area for years into The business backbone a perfect example of how our deep pressure. the future. We’re also seeing continued in Northern Utah is strong CHUCK businesses and governments We have immediate needs at I-15 growth at the new Business Exchange and resilient. For decades, we LEONHARDT work together. For chambers at Roy City to address the business along the Ogden River and an abun- have been the hub for perhaps of commerce, we’re working growth at HAFB and expanding popu- dance of activity at Business Depot the most powerful economic engine in collectively as a voice for business lation to the west of I-15. The Utah Ogden. Utah and even the Mountain West — and leveraging the strength of business State Legislature has provided some At the other end of our growth, Hill Air Force Base (HAFB). Adding across the state and region to ensure relief to the area through a bond that small businesses are surging in the to that, our business culture is based on business needs are met. With a new will provide approximately $250 mil- tech sector, such as IT, as well as the innovation and hard work, which has governor in place, we’re hopeful that lion to the 5600 Interchange project in creative industry. As an example, the spawned a network of world-class man- he will fight for business first — know- Roy. downtown Creative Arts District is ufacturers, strong financial services, an ing that it’s the primary driver to get- To further address the area’s attracting local artists and those from incredibly capable construction sector ting our economy back on its feet. transportation needs, UTA continues around the country to locate in Ogden. and many entrepreneurial small busi- Northern Utah has always been develop the area’s public transporta- The recent groundbreaking of the new nesses that keep our economy healthy. considered the “Crossroads of the tion system, including new bus routes, Dumke Arts Plaza on 25th Street in Given the diverse business makeup in West.” That sentiment remains true FrontRunner expansion and a new Ogden is another pinnacle project to the area, the economic fluctuations that today. As we look deep into an online Bus Rapid Transit (BRT) system, all provide vibrancy, community unity and could leave businesses wilting, are not economy, we’re seeing tremendous of which are designed to connect our a stronger economic foundation to the as present in Northern Utah. Over the growth in our regional logistics com- communities and enable people to get downtown area. long term, our economy has proven to panies. They are locating here to move to work, go shopping, attend school Of course, we have other pressures be more stable than the national aver- products throughout the western United and take part in activities. For the lon- that are common along the Wasatch age, which translates to an excellent States, using Northern Utah as their ger term, the development of the West Front, including the creation of afford- place to grow a business and live. hub. It’s a trend we see continuing. Weber Corridor connecting Davis, able housing options, water preserva- It certainly doesn’t mean that we Whether the products come across the Weber and Box Elder counties will tion and air quality, to name a few. don’t have our challenges. Perhaps globe or from within the state, consum- help relieve pressure along I-15. However, with measurable economic our most significant chal- growth and collaborative leadership lenge right now is attract- within business, govern- ing and retaining a skilled ment, education, health- workforce, particularly care and nonprofits, the attracting 18-to-30-year- positive momentum will old workers to fill private- help us come out of the sector jobs. We are taking pandemic strong and a balanced approach by ready to provide a higher creating tapped-in employ- quality of life for resi- ment and training solu- dents. tions created within K-12, technical colleges and For the past five years, Chuck the regional universities. Leonhardt has been the presi- dent and CEO of the Ogden- We’re now seeing progress Weber Chamber of Commerce and employees are poised where he guides Northern for rewarding career paths. Utah’s largest business asso- Companies are working ciation of more than 700 organizations that represent with educators to create approximately 30,000-plus internships, apprentice- employees. He has a bach- ships and paid positions to elor’s degree in marketing enable employees to work from Utah State University. He while training and prepar- was marketing director at Utah State University, assistant vice ing for careers. These are president of marketing and fantastic opportunities for communications at Gonzaga a workforce that needs University and vice president immediate, good-paying of university advancement and president of the UNC jobs as well as a path- Foundation at the University of way to a successful lifelong Historic 25th Street in Ogden at sunset. Northern Colorado. 10 • March 8-14, 2021 • The Enterprise - Utah's Business Journal Industry Briefs

Industry Briefs are provided as chief operating officer at APiO. energy-efficient LED color-chang- www.safehome.org/data/firearms- vided by the college during 2020 a free service to our readers. She also co-founded ROOT ing lighting and musical shows to guns-statistics/. and a virtual site visit last October. Company news information may Credit. Her entertain and attract visitors to the • Annual car insurance pre- The commission will conduct a be sent to [email protected]. prior experience center. Completion of the second miums in Salt Lake City average follow-up virtual accreditation The submission deadline is one includes strate- phase is slated for May 2022. $1,328, or a rise of about 2 percent candidacy visit in early 2022 as week before publication. gic partnership from a year ago, according to a well as an in-person site visit to and business ECONOMIC “2021 State of Auto Insurance the college’s operations support ACCOUNTING development for Report” by The Zebra, an insur- center when public health condi- • Tanner LLC, Salt Lake City, INDICATORS WebBank, cred- ance comparison site. Car insur- tions allow. has appointed Shawn Marchant • The most common and it risk reviews ance rates are at an all-time high to lead the firm’s expanding competitive job position in and analysis in the U.S. and up 30 percent since research and development (R&D) Allyson Torsak Utah is customer service repre- GOVERNMENT of European 2011. The average premium in practice. For sentative, according to a study • The Utah Department of Mutual Funds for Goldman Sachs, Utah is $1,313, below the national over 20 years, by CareerCloud. It accounts for Veteran and Military Affairs and credit review analysis of the average of $1,483. The highest Marchant has 1,662 jobs per 100,000 people in (UDVMA), through the Utah global market and investment loan average in Utah is in the 84180 been advising the state. CareerCloud used the Veteran Business Resource portfolios at various business units ZIP code, at $1,703. The lowest clients regard- most recent data from the U.S. Center (VBRC), has launched of Merrill Lynch & Co. Torsak’s average is the 84720 ZIP code in ing federal and Department of Labor, Bureau of the VBRC Outreach Program, education includes earning a bach- Cedar City, at $1,181. state tax credits Labor Statistics and the Census designed to reach all veterans, elor’s degree in journalism at the • Summit County leads all and incentives. Bureau. Nationally, the two most active duty, reserve, National University of Utah. Utah counties where people owe His experience competitive jobs are retail and the Guard and spouses (veterans and Shawn Marchant the most in taxes, according to ranges from ini- food service, both of which have military) throughout Utah. The a study by SmartAsset. It ana- tial scoping through project imple- been greatly impacted by COVID- mission of the VBRC is to assist lyzed IRS data to determine how mentation and delivery, project 19, followed by cashier, office them in starting and building their much money was owed per tax- management, IRS and state audit clerk and registered nurse. Details businesses. It takes place through payer in each U.S. county. Summit support, and evaluation of ben- Everything for the are at https://www.careercloud. one-on-one meetings and group County was followed, in order, efits for financial statement pre- com/news/most-competitive-jobs- educational programs. The VBRC Contractors by Wasatch, Morgan, Washington, sentation. His education includes by-state. has transitioned to offering all Utah, Salt Lake, Davis, Duchesne, a J.D. from the J. Reuben Clark • Salt Lake City is ranked these services online via video We rent the best Uintah and Grand counties. Law School at Brigham Young No. 79 in a list of “2021 Best conferencing. There is no charge Details are available at https:// University. Cities for Outdoor Jobs,” com- for the services. Scheduling a 4343 Century Drive piled by LawnStarter. It com- smartasset.com/taxes/tax-return- meeting can be completed at the Salt Lake City, UT 84123 pared the 200 largest employment calculator#Utah/taxOwed. VBRC’s appointment calendar at ASSOCIATIONS • Moe’s Southwest Grill is https://calendly.com/utah-veteran- • Troy S. Thompson has markets in the U.S. across 26 key 801- 262-5761 Utah’s favorite taco restaurant, business-support/1-on-1-business- been elected vice chairman of the factors, from outdoor job opportu- followed by Del Taco, El Pollo advising. Once confirmed, the board of the Associated General www.centuryeq.com nities to cost of living to average Loco, Chipotle and Taco Bell, veteran and military member can Contractors (AGC) of Utah. daily temperature. The top-ranked according to a study by TOP Data. then choose a phone or video con- Thompson is chief operations offi- city is Frisco, Texas. The bottom- It tracked visits to taco chains dur- ference meeting. cer at Big-D Construction, Salt ranked city is Fresno, California. ing the pandemic. Taco Bell is • The U.S. Small Business Lake City. The company has been Details are at https://www.lawn- the favorite in the U.S., topping Administration is accepting a member of AGC of Utah since starter.com/blog/studies/best-cit- ies-for-outdoor-jobs/. the lists in 22 states. The study applications for its SBA Emerging the early 1990s and Thompson • Utah residents’ 401(k) bal- also revealed that overall U.S. Leaders Initiative, an executive- has been active with the organiza- CONSTRUCTION ances rose 47.6 percent in 2020, taco consumption increased by level series intended to accelerate tion for more than 10 years. Prior • Burns & McDonald has according to a new report by 12.8 percent during the pandemic, the growth of high-potential small to his position hired Patrick Delano as a senior LT Trust. Utah’s increase led although 23 percent of Americans businesses in America’s under- as vice chair, construction project manager the nation. That compares with don’t eat tacos at all. Details are at served cities. The training is for Thompson specializing in a 30.8 percent increase nation- https://topagency.com/report/taco- established business owners and is served as chair design-build wide. Utah’s average balance was report/. not for start-ups or people who are of the builders delivery. Delano $33,984, compared with $23,022 thinking about starting a business. board and held has more than in 2019. Nationally, employees It is open to small-business own- a two-year term 30 years of EDUCATION/TRAINING age 21-30 had the largest average • Nightingale College, a Salt ers and executives that have annu- on the organi- experience and balance increase, 77 percent. The Lake City-based institution offer- al revenues of at least $250,000; zation’s board an in-depth Troy Thompson 401(k) contributions of men grew ing distance education for preli- have been in business for at least of directors. understanding 3 percent more than their female censure nursing, has been accept- three years; and have at least Thompson will chair the AGC of Patrick Delano of commercial counterparts. North Dakota resi- ed as a candidate for regional one employee, other than them- Utah in 2022. Thompson began his construction, dents saw their balances increase accreditation by the Northwest selves. Classes typically begin career in the construction industry electrical design, research and only 11.5 percent, the lowest in the Commission on Colleges and in April and last seven months. in Utah more than 40 years ago. development, and stadium con- U.S. The full report is at https:// Universities (NWCCU). The non- The registration form is at https:// In his current role as COO at Big- struction. www.lttrust.com/blog/covid- profit membership organization D, Thompson oversees day-to-day • Outside the Lines (OTL), 19-impact-retirement-savings. granted the pre-accreditation sta- business operations and manages a design-build construction com- see BRIEFS next page • Utah is ranked No. 36 for tus after considering evidence pro- the self-performed work group, pany that specializes in creating gun sales in 2020, according to as well as the Big-D offices in one-of-a-kind water features, a study of gun sales from 2000 Minneapolis, Phoenix and Lindon. fountains, rockwork and themed through October 2020, compiled The AGC of Utah is a professional environments, and CenterCal by SafeHome.org. It used data association for the commercial Properties LLC, a private retail from the FBI, U.S. Census Bureau construction industry, represent- development company, have and the CDC, among others. Utah ing more than 550 member firms announced the construction of a sales in 2020 totaled 172,131. Per throughout the state. revolutionary new show fountain capita sales were 0.079, also 36th. at the second phase of Mountain Since 2000, total sales rose 141 BANKING View Village, an 85-acre lifestyle percent, or 32nd among states, • EnerBank USA, Salt Lake development at 4500 W. 13400 S., while the per capita sales change City, has hired Allyson Torsak Riverton. The fountain, designed was 54 percent, or 42nd among as senior vice president and chief and constructed by OTL, will use states. Nationally, gun sales grew strategy officer. She will identify, a new approach with state-of-the- 158 percent since 2000. Since evaluate and execute on strategic art technology to produce a cho- 2000, gun sales have risen in every initiatives to support the bank’s reographic water and light show. state, the majority increasing by mission. Torsak was previously The fountain will also feature triple digits. Details are at https:// The Enterprise - Utah's Business Journal • March 8-14, 2021 • 11 Industry Briefs from previous page U.S. Department of Housing director at Mercato Partners for Pacific and the U.K., the Global legal profes- and Urban Development to nearly nine years. As a member 100 recognizes HR executives sional experi- make capital investments in their of Mercato’s investment commit- based on factors such as indus- ence, including interise.org/sbaemerginglead- public housing units. More than tee, he became try visibility, thought leadership, 16 years in the ers/utm_medium=email&utm_ $34 million was awarded to more involved with professional accolades, nation- 1031 Exchange source=govdelivery. More infor- than 100 authorities in the six- the boards of al outreach, industry. mation is available at emerging- state Rocky Mountain region. Skullcandy, social media Prior to join- [email protected]. Stance, presence, con- ing IPX1031, The funds allow the authorities Mark Bullock to build, renovate and/or mod- CradlePoint, tent output and Bullock man- HEALTHCARE ernize the public housing in their Goal Zero and organizational aged all aspects of business • Co-Diagnostics Inc., a communities. Housing authori- Steelhouse. initiatives. The growth and client expectations Randy Garn Salt Lake City-based molecular ties can use the funding to com- Since that O.C. Tanner for another national 1031 com- diagnostics company, has hired plete large-scale improvements time, DeRose Institute is a pany. has been an Brian Brown such as replacing roofs or mak- Meghan Stettler division within entrepreneur, as chief finan- ing energy-efficient upgrades to Salt Lake City- SPORTS cial officer and CEO and co- heating systems and installing based O.C. Tanner, a workplace • Soldier Hollow Nordic promoted Jesse founder of water conservation measures. culture improvement company. Center in Midway will host an Montgomery Swell Capital. Authorities receiving grants The institute is a research and IBU Biathlon World Cup event to chief sci- He is currently in Utah include Beaver City education team focused on deliv- in March 2024. The announce- entific offi- involved with Housing Authority, $27,606; ering insights that help people ment was made by the Utah cer. Reed Aaron DeRose boards of Kiln, Davis Community Housing thrive at work. Stettler’s experi- Olympic Legacy Foundation, Brian Brown Benson, for- Authority, $370,483; Housing Donde and mer CFO, RIVN. Prior to Mercato Partners, ence includes serving as the lead in partnership with the United Authority of Carbon County, energy diplomat for the state of States Biathlon Association. It will remain Housing Authority DeRose was a corporate finance $310,971; Utah and being a journalist for will be the first major senior with the com- of Salt Lake City, $506,933; manager at Quiksilver Inc. several media companies. Her international Biathlon World Cup pany as gen- Housing Authority of the City education includes a dual BFA competition at Soldier Hollow eral counsel, of Ogden, $504,502; Housing PHILANTHROPY from Brigham Young University since February 2019 and only and Dr. Brent Authority of the City of Provo, • “We’re ‘Hear’ for You,” a and an executive certificate in the second senior Biathlon World Satterfield, $645,982; Housing Authority of 42-day project that started at the global business from Salt Lake Cup event to be held at the venue founder and the County of Salt Lake, $1.19 beginning of the COVID pan- former CSO, Community College. since 2001. Soldier Hollow will Jesse Montgomery million; St. George Housing demic, recently included the Ken will continue Authority, $74,655; and Tooele Garff team helping to transform • The top 20 teams in the 2021 also host the IBU Youth & Junior his involve- County Housing Authority, three spaces at the YWCA cam- Utah Entrepreneur Challenge World Championships Biathlon ment with Co-Diagnostics as $61,859. pus at 322 E. 300 S., Salt Lake business model competition have in February and March 2022. head of the Scientific Advisory City. Team members renovated an been announced. Teams from uni- Board. Brown’s previous experi- adult group room, childcare room versities and colleges across Utah TECHNOLOGY/ ence includes CFO, vice presi- INVESTMENT • Tamarak Capital, and teen room with paint, electri- are competing for $60,000 in cash LIFE SCIENCES dent of accounting and investor Springville, has added Randy cal upgrades, furniture and more. and prizes. The next step is online • Domo, an American Fork- relations, and director of finance Garn as an operating partner Nearly 50 employees from Ken video voting, which is open to based business cloud company, roles for public and private com- and Aaron DeRose as a ven- Garff Honda Downtown, Ken the public March 15-26. Winners has hired Vita Shannon as vice panies. Montgomery has been ture partner. Garn co-founded Garff Nissan Salt Lake City, Ken will be announced online on president of partnerships and eco- the company’s senior vice presi- the High Performance Institute Garff Hyundai Downtown and March 27, following the compe- system and Shelley Morrison as dent of biochemistry, following a and serves as a board advisor Ken Garff Hyundai Southtowne tition's final event. The competi- vice president of demand center. career that has included research to many high-growth companies, spent over 300 hours on the proj- tion is managed by the Lassonde Shannon has years of experi- and bioinformatics scientist posi- including Solution Stream, and is Entrepreneur Institute at the ence in busi- tions. ect. Ken Garff also gave a 2016 also an alumnus of both Brigham Nissan Quest to the YWCA, University of Utah and sponsored ness develop- Young University and Harvard which had a $10,000 grant for the by Zions Bank. Finalists are ment and part- HOUSING University. DeRose has been an vehicle. BidMyCrib, UofU; Clean Seat, ner strategy, • Nine public housing angel investor, family office part- • Mountain America Credit UofU; Denali Energy, Weber most recently authorities in Utah will receive ner and fund manager for the Union, Sandy, and the Utah Jazz State University; Fill Drinks, serving as the more than $3.7 million from the past 15 years in Utah. He was a have announced that YWCA Dixie State University; Gaia senior direc- Utah is the second recipient of Technologies, UofU; Hops and tor of adviso- its 2020-21 “Pass It Along” Hounds, Utah State University; Vita Shannon ry services at program. In its eighth year, the Judgment Day, Salt Lake KPMG. Prior fan-nominated program awards Community College; Khalm to KPMG, $5,000 to five local charitable Skincare, UofU; KoBuss, UofU; she was at organizations each season. Since Komyt.io, USU; The Mobile Oracle, where its inception in 2013, “Pass it Moon Co-op, Westminster she led two of When it comes to snow removal, WE HAVE IT. Along” has contributed $190,000 College; Morr Décor, Southern Oracle’s larg- Utah University; Powder Soles, est interna- Both commercial and residential. to 38 local nonprofits. • D.L. Evans Bank has USU; RF Rentals, Utah Valley tional co-sell donated $5,000 to the Ogden University; Skapa, Brigham Shelley Morrison and re-sell We have sold and serviced Western snow plows City Emergency Loan Fund. Young University; SkiSafe, relationships. and sanders for more than 30 years. This fund has helped to preserve UofU; Speech Cloud, UofU; Morrison joins Domo from many businesses and provides StoryTeller, BYU; Tango Accenture Interactive, where other financial guidance and Brush, Snow College; and uAir, she established demand pro- assistance as needed. UofU. grams for large B2B tech com- panies. Beyond her proficiency RECOGNITIONS SERVICES in demand engines, she’s also • Meghan Stettler, a direc- • Investment Property architected growth strategies that tor at the O.C. Tanner Institute, Exchange Services Inc. united internal marketing and 4285 West 1385 South has been named to the Human (IPX1031), involved in 1031 sales efforts, and created and Salt Lake City, Utah 84104 Resources Director Global 100 Exchange services, has expanded led large, high-performing teams 1-800-442-6687 list. Now in its second year, and its Mountain Region operation to that generated consistent double- www.semiservice.com drawing from the U.S., Canada, be managed by Mark Bullock. digit revenue growth year over Australia, New Zealand, Asia- He has more than 20 years of year. 12 • March 8-14, 2021 • The Enterprise - Utah's Business Journal

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Calendar listings are provided March 11, 8 a.m.-5 p.m. event. Details to be announced at Expo, a Utah Safety Council event. Chamber of Commerce event. as a free service to our read- “Intro to Excel,” a Salt Lake murraychamber.org. The fifth annual conference will Location is Boondocks Fun Center, ers. Information about upcoming Community College Employee feature breakout sessions, keynote 525 Deseret Drive, Kaysville. events may be sent to brice@ Development Workshop focus- speakers, and an expo highlighting Cost is $12 with lunch. Details are slenterprise.com. The submission March 12, 8 a.m. the latest in safety products and at davischamberofcommerce.com. deadline is one week before pub- ing on organizing, formatting and Silicon Slopes Cup, a scram- lication. NOTE: Because of con- calculating data using Microsoft ble-style golf event supporting the services. Keynote speakers are cerns with the coronavirus, events Excel software. This introduction local startup and tech community Lorraine M. Martin, president and March 16, noon-1 p.m. listed here may be postponed or discusses the ribbon, mini toolbar, of Utah. Check-in is at 8 a.m., CEO, National Safety Council; “Can You Build a Better canceled. Check with organizers ranges, formulas, charts and basic followed by golf from 9 a.m.-2 Jack Jackson, senior safety con- Utah? Addressing Utah’s to determine if individual events spreadsheets. Location is SLCC’s p.m. Location is SunRiver Golf sultant, SafeStart; Col. Janise M. Housing Crisis,” part of the are taking place. Miller Campus, 9750 S. 300 W., Club, 4210 Bluegrass Way, St. Carroll, commander, 75th Air “Ethics Week” series presented Sandy. Cost is $249. Virtual par- George. Cost is $1,200 per four- Base Wing, Hill Air Force Base; by the Hinkley Institute at the March 8, 10-11 a.m. ticipation is available. Details are some. Sponsorships are available. and Danny Smith, senior safety University of Utah, in partnership “Monday Mashup with at http://www.slcc.edu/workforce/ Registration can be completed at consultant, SafeStart. Event takes with the Kem C. Gardner Policy Amber,” a Women’s Business courses/index.aspx. Eventbrite.com. place online. Cost is $200 for Institute and the David Eccles Center of Utah open discussion members, $300 for nonmembers. School of Business’ Daniels event taking place each Monday. Details are at https://web.cvent. Fund Ethics Initiative. Speakers Moderator is Amber Murray, March 11, 8-9 a.m. March 12, 8-9 a.m. com/event/46b1ef12-a856-401a- are Ivis Garcia Zambrana, assis- WBCUtah business advisor and “Eggs and Issues,” a Box WOW Online Business 8424-98295545b784/summary. tant professor, University of Utah owner of See Your Strength. Event Elder Chamber of Commerce Training, a Women’s Business City and Metropolitan Planning takes place online via Zoom. event. Free. Details are at box- Center of Utah event that takes Department; Beth Martial, 211 Details are at wbcutah.org. elderchamber.com. place online via Zoom. Free. March 16, 8 a.m.-4 p.m. Details are at wbcutah.org. “Business Writing,” part of managing director, United Way March 11, 11 a.m.-noon the Salt Lake Community College of Salt Lake; Michael Parker, vice March 8, 11 a.m.-1 p.m. Frontline Leader Workshop Series president of public affairs, market- 2021 International Women’s “Creating a Social Media March 12, 8-9 a.m. and focusing on critical writing ing and senior economist, Ivory Day Celebration, co-hosted by Plan,” part of the Women’s Women in Business Net- skills to achieve clarity, organiza- Homes; Jim Wood, Ivory Boyer the Women’s Business Center Business Center of Utah “Key working, an Ogden-Weber Cham- tion, readability and accuracy in Senior Fellow, Kem C. Gardner of Utah and World Trade Center Business Skills” series. Speaker ber of Commerce event that takes business messaging. Location is Policy Institute; and Dejan Eskic Utah, in collaboration with Maven is Emily Ashby, CEO of Camera place online via Zoom. Free for SLCC’s Westpointe Campus, 1060 (moderator) senior research fel- Create. Event takes place online Coats. Event takes place online WIB members. Details are at N. Flyer Way, Salt Lake City. low, Kem C. Gardner Policy via Zoom. Free, but registration is via Zoom. Free. Details are at ogdenweberchamber.com. Virtual participation is available. Institute. Event takes place online. required. Details are at wbcutah. wbcutah.org. Cost is $250. Details are at http:// Details are at https://gardner.utah. org. March 12, noon-1:15 p.m. www.slcc.edu/workforce/courses/ edu/events/. “When Women Don’t Speak: March 11, 11:30 a.m.-12:30 p.m. index.aspx. March 9, 11:55 a.m.-12:55 p.m. Women in Business Virtual What It Takes for Women To be Monthly Women in Business Lunch, a Davis Chamber of Heard,” part of the Utah Women March 17, 8-9:30 a.m. Executive Forum Luncheon, a Cache Valley Commerce event. Speaker is & Leadership Project’s Spring March 16, 10 a.m. , a South “Performance Manage- Chamber of Commerce event. Andre Kay, CEO and founder Women’s Leadership Forum. Valley Chamber event. Location is ment,” Cost is $14 for members, $16 of Sociallybuzz. Event takes place Speakers are Jessica Preece, part of the 2021 Employers Mountain America Credit Union, for nonmembers. Location to be online via Zoom. Free (no reg- Brigham Young University asso- Council and Paylocity Online 9800 S. Monroe St., 11th floor, announced at https://cachewom- istration required). Details are at ciate professor of political sci- Training Series. Free. Details are Sandy. Details are at southval- eninbusiness.square.site/. davischamberofcommerce.com. ence and co-director of the Gender at http://info.employerscouncil. leychamber.com. & Civic Engagement Lab; and org/2021-paylocity-webinar- series. March 9, noon-1 p.m. March 11, noon-1 p.m. Christopher Karpowitz, BYU March 17, 8-10 a.m. Women in Business Pro- “Business During Hours: co-director of the Center for the M.A.C.H. Speed Networking, fessional Growth Series, a Investing in Employee Success Study of Elections and Democracy March 16, 11 a.m.-1 p.m. a Murray Area Chamber of ChamberWest event. Speaker with OTech,” an Ogden-Weber and professor of political science. Business Women’s Forum Commerce event that takes place Deneece G. Huftalin, presi- Chamber of Commerce event that Event takes place online. Details 2021. Kristen Edwards, executive online via Zoom. Free. Details are dent of Salt Lake Community takes place online via Zoom. Free are at https://www.usu.edu/uwlp/ director of Better Days 2020, will at mufrraychamber.org. College, will discuss “Reframing for members and first-time guests. events/upcoming-events. discuss “She Started It For All of Leadership.” Event takes place Details are at ogdenwebercham- Us: Looking to the Past to Inspire March 17, 8 a.m.-4 p.m. online via Zoom. Cost is $10. ber.com. March 15, noon-1 p.m. Our Future.” Event takes place “Lean Office with Sim- Details are at chamberwest.com. “The Ethics of Employment: online via Zoom. Cost is $10 for ulation,” a Salt Lake Community March 11, 4-5 p.m. COVID-19 and Utah’s Work- members, $20 for nonmembers. College Employee Development March 10, 11:30 a.m.-1 p.m. “Building Equitable Com- force,” part of the “Ethics Week” Details are at slchamber.com. Workshop focusing on a strategic “Let’s Do Lunch,” a South munities,” part of a three-part series presented by the Hinkley business approach for improving Valley Chamber event. Speaker Speaker Series presented by Institute at the University of March 16, 11:25 a.m.-1 p.m. overlooked processes that have an is Jim Kimball, president of Real United Way of Salt Lake. Speaker Utah, in partnership with the Leadership Luncheon, a impact on every system, activity, Salt Lake. Location is Real Salt is Jim Shelton, former deputy Kem C. Gardner Policy Institute Cache Valley Chamber of Com- employee and customer within an Lake, 7984 S. 1300 E., Sandy. secretary of the U.S. Department and the David Eccles School of merce event. Location is The organization. Location is SLCC’s Cost is $15 for members, $25 for of Education. Event takes place Business’ Daniels Fund Ethics Riverwoods Conference Center, Westpointe Campus, 1060 N. nonmembers. Details are at south- online. Free. Cost for entire series Initiative. Speakers are Silvia 615 Riverwoods Parkway, Logan. Flyer Way, Salt Lake City. Cost valleychamber.com. is $30 (other parts of the series Castro, executive director, Suazo Cost is $20 for members and $22 is $300. Details are at http://www. take place Aug. 11 and Oct. 27). Business Center; Theresa Foxley, for nonmembers; $16 for members slcc.edu/workforce/courses/index. March 10, noon-1 p.m. Details are at https://uw.org/ president and CEO, the Economic and $17 for nonmembers preregis- aspx. “Workforce Resilience speaker-series-building-equitable- Development Corporation of Utah; tered. Details are at cachechamber. Through Mental Fitness,” pre- communities/. Peter Philips, professor and labor com. March 17, 9-10 a.m. sented by the Salt Lake Chamber economist, University of Utah “How to Protect and Grow and Utah Community Builders. March 11, 6-8 p.m. Economics Department; Heidi March 16, 11:30 a.m.-1 p.m. the Value of Your Business Event takes place online. Details “Business Essentials,” a Walker, chief operating officer, Southwest Valley Women During a Pandemic,” a Women’s are at slchamber.com. Small Business Development Salt Lake Chamber; and Natalie in Business. Location is Incline Business Center of Utah event Center (SBDC) event that takes Gochnour (moderator), director of & Anthem, 11901 Freedom Park that takes place online (available March 10, 5-6:30 p.m. place online. Details are at https:// the Gardner Institute. Event takes Drive, Herriman. Details are at statewide). Free. Details are at Legal Clinic, a Small Business clients.utahsbdc.org/events.aspx. place online. Details are at https:// southvalleychamber.org. wbcutah.org. Development Center (SBDC) gardner.utah.edu/events/. event in Spanish that takes place March 12, 7:30-8:30 a.m. March 16, 11:30 a.m.-1 p.m. online. Details are at https://cli- “Eggs and Issues,” a Murray March 16-17 Business Alliance ents.utahsbdc.org/events.aspx. Area Chamber of Commerce Utah Safety Conference & Networking Luncheon, a Davis see CALENDAR page 15 14 • March 8-14, 2021 • The Enterprise - Utah's Business Journal Succeeding in Your Business Thinking of moonlighting? Here's what the law says about that “I am a full-time employee at few years it will be nice to have before you commit to doing so. company belongs to the company, son’s project) is likely to be per- a large tech company. something to do that will bring in When you take on a consult- meaning you cannot exploit it ceived as a conflict by the com- “My son, who lives in another revenue. ing project with your son, the for personal gain. If you signed pany. state, wants to start a small con- “But I can’t afford to lose my client will want you to sign an this agreement, and you develop Here’s what I would suggest sulting business. He will need my job. Any advice for someone in agreement saying your involve- a new product or technology for here: Have your son set up his personal expertise in servicing my situation?” ment will not breach or violate one of your son’s clients, there’s a LLC in his home state. Don’t his clients, because I It used to be that once any other agreement you may chance your employer will claim take an ownership stake up front, have more knowledge you were employed by a have signed. Without even look- it as their own should they find because that will appear on a pub- of the technology than big company, you could ing, I can tell you that when you out what you’re doing. lic record somewhere. Instead, he has. He wants to count on the job for life, were first employed, you prob- In some states, such as ask your son for an “option” to set up a limited liabil- with a gold watch wait- ably signed one or more of the California, the law says such an acquire a one-third interest in the ity company for this ing for you when you following agreements: agreement cannot prohibit you business after you retire a few business and give me retired. A Confidentiality/Nondis- from exploiting an idea or tech- years from now. Your son can pay a one-third ownership Not anymore. closure Agreement. While seem- nology that you develop outside you as an independent contractor CLIFF stake in exchange for ENNICO There aren’t any hard- ingly harmless, these usually of working hours without using on a job-by-job basis. my help. and-fast numbers on this, contain language prohibiting you any of the company’s resources. Try to avoid having any direct “When I was but I would have to bet from using any company-owned But even sending an email from a contact with your son’s clients. first employed, I signed a whole that in a typical large corpora- information for any purpose other company-owned computer relat- Do not work on your son’s proj- bunch of agreements that, of tion, 10 percent to 20 percent than doing your job. ing to an outside consulting proj- ects on company time and use course, I can’t find right now. I’m of employees are either doing An Assignment of Inventions ect could be enough for your only your personal laptop and cell afraid that if I ask my HR depart- some moonlighting on the side or Agreement. Sometimes called a employer to get around that. phone for all communications on ment for copies, it will put them are looking to do so, as a hedge “work for hire” agreement, this A Nonsolicitation or Non- outside projects. on notice that I’m planning to do against getting laid off. Y o u r document says that any idea, tech- compete Agreement. A noncom- Under no circumstances some stuff on the side. desire to help your son is admi- nique, design, product or other pete agreement says you can’t do should you help your son with “I really want to help my son rable, but you will need to “pro- intellectual property you create or anything for a competitor while a consulting project involving succeed, and after I retire in a tect your rear” and be very careful develop while an employee of the you are employed by the com- 1. A competitor of your current pany (and sometimes for one to employer, 2. Any large com- two years after you leave). A non- pany in the same industry as solicitation agreement says you your employer (people there are can’t solicit business from sup- sure to know people working for pliers, customers and other com- your employer and word will get panies with which your employer around) or 3. A customer or sup- does business. plier of your current employer. A Conflicts of Interest Not, at least, until your son is Policy. This might be buried in making so much money you can your employee handbook or in afford to quit your day job and one of the other agreements you join him full-time in the consult- signed. The policy usually states, ing business. By then, he will in very broad terms, that you will have enough money to pay for a not engage in any activity that really good lawyer. will “conflict” with your duties and obligations to your employer. Cliff Ennico (crennico@gmail. Most large companies will expect com) is a syndicated columnist, you to work full-time for them, author and former host of the PBS television series “Money and any outside commitment that Hunt.” takes up so much time that it prevents you from doing so (e.g., COPYRIGHT 2021 CLIFFORD R. ENNICO taking time off to help with your DISTRIBUTED BY CREATORS.COM

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https://rmshred.com The Enterprise - Utah's Business Journal • March 8-14, 2021 • 15 CALENDAR a Murray Area Chamber of Commerce event that takes place from page 13 the first Thursday of each month at Kings Peak Coffee Roasters March 17, 10 a.m.-noon and the third Thursday of each “China’s Geopolitical Ambi- month online via Zoom. Details tions & What It Means for are at murraychamber.org. the United States,” part of the “China Paradox” series present- March 18, 8 a.m.-5 p.m. ed by World Trade Center Utah, “Intermediate Excel,” a the Orrin G. Hatch Foundation Salt Lake Community College and the U.S.-China Business Employee Development Council. Featured presenters are Workshop focusing on organiz- Jon Huntsman Jr., board chair of ing, formatting and calculat- World Trade Center Utah and for- ing data using Microsoft Excel mer Utah governor; and Matthew software. This course builds Pottinger, White House deputy upon “Intro to Excel” concepts. national security advisor. Other Location is SLCC’s Miller sessions are “China’s Economic Campus, 9750 S. 300 W., Sandy. & Trade Policy and What It Means Cost is $249. Virtual participa- for U.S. Businesses,” March tion is available. Details are at 24, 10-11 a.m.; and “Actionable http://www.slcc.edu/workforce/ Advice on What U.S. Businesses courses/index.aspx. Should Do About China,” April 7, 10-11 a.m. Free. Details and reg- March 18, 10-11 a.m. istration are available at https:// Summit Speaker Series, an wtcutah.formstack.com/forms/ extension of the Utah Outdoor china_paradox. Recreation Summit and pre- sented by the Utah Office of March 17, noon-1 p.m. Outdoor Recreation, in partner- “The Moral Imperatives ship with Snowsports Industries of Health: Creating Equitable America (SIA), the Economic Healthcare in Utah,” part of the Development Corporation of Utah “Ethics Week” series presented (EDCUtah) and the Utah Outdoor by the Hinkley Institute at the Association (UOA). Session is University of Utah, in partnership titled “The Outdoors, Mental with the Kem C. Gardner Policy Health & Suicide Prevention.” Institute and the David Eccles Panelists are BreeAnn Silcox, sui- School of Business’ Daniels cide prevention coordinator at Fund Ethics Initiative. Speakers the Salt Lake County Health are Dulce Díez, director, Utah Department (moderator); Kristy Department of Health’s Office of Jones, senior consultant for Health Disparities; Lisa Nichols, mental well-being at Community AVP of community health, Health/Intermountain Healthcare; Intermountain Healthcare; Dr. Melissa Hansen, executive direc- José Rodríguez, AVP for health, tor of Continue Mission; and equity, diversity and inclusion, Josh Allred, co-founder and the University of Utah; Laura guide with Pivot Adventure. Summers, senior healthcare Event takes place online. Free. advisor, Kem C. Gardner Policy Registration can be completed at Institute; and Dr. Sam Finlayson, Eventbrite.com. associate vice president for clini- cal affairs and chief clinical offi- March 18, 1:30-2:30 p.m. cer, University of Utah Health. “Salt Lake Chamber-Bus- Event takes place online. Details iness Live!” a virtual networking are at https://gardner.utah.edu/ event. Free for members, $10 events/. for nonmembers. Details are at slchamber.com. March 17, 3:30-4:30 p.m. “Business Connections,” a March 19, 7:30-8:30 a.m. ChamberWest event that takes “Eggs and Issues,” a Murray place online. Free, but registra- Area Chamber of Commerce tion is required. Details are at event. Details to be announced at chamberwest.com. murraychamber.org. March 17, 5:30-6:30 p.m. Tax Planning Clinic, a Small March 19, 8 a.m.-12:30 p.m. Box Elder Business Sum- Business Development Center mit, a Box Elder Economic (SBDC) event that takes place Development Alliance event that Rethink the office. online. Details are at https://cli- is focused on the manufacturing ents.utahsbdc.org/events.aspx. industry in Box Elder County. Speakers include representatives March 17, 5:30-6:30 p.m. from P&G, Storm Bowling and QuickBooks Webinar, a Nucor Steel. Event will include Small Business Development an update on the Utah Inland Port Center (SBDC) event that takes and a workforce/economy update place online. Details are at https:// from the Utah Department of clients.utahsbdc.org/events.aspx. www.mwciutah.com | 801.359.7681 | @mwciut

March 18, 7:45-9:15 a.m. see CALENDAR page 18 “Coffee and Connections,” 16 • March 8-14, 2021 • The Enterprise - Utah's Business Journal Business Tech Exploring the benefits of cloud computing Cloud computing can seem an excellent way to do it. regular maintenance or the person- Employees can work and collabo- Always Up-to-Date scary to many business owners. Physical servers are expen- nel you hired to do it doesn’t know rate on projects from anywhere. You don’t have to worry about After all, in a day and age where sive. First, buying them is already their stuff as well as they should, All they need is an Internet con- updates or hardware upgrades when U.S. companies collectively lose a significant investment. Then, this can be a bigger risk. nection. your information is stored in the over $525 million per you have to pay to keep Protection from Environmental Considering that remote cloud. Your provider will handle all year due to cybercrime, them running (a large Factors/Disasters work has gone up by 44 percent that. Not only is this convenient, it transferring your data to system uses a lot of Hardware malfunctions aren’t over the past five years and 99 also helps to keep your information some nebulous location electricity). Plus, you’ll the only things that can damage percent of surveyed workers said more secure. Security updates that called “the cloud” feels need trained personnel your physical servers. No matter they would like to work remotely, protect against the latest hacker a little disconcerting. to perform maintenance how unlikely, just imagine what at least part of the time, this is threats are instantly put in place. However, there is and updates. All that would happen if your server room something for businesses to be Cloud computing is the wave a reason that 83 percent doesn’t include the cost was flooded or building was flat- aware of. of the future. By choosing a big of company workload is BAHAR of upgrades. tened in an earthquake? Physical Scalability player in cloud technology like now stored in the cloud. FERGUSON Protection from equipment is a significant point As your business grows, you Microsoft Azure or Amazon Web Let’s check out just Hardware Crashes of failure. The physical damage will need access to more and more Services, business owners can rest some of the benefits and see why Technology is great, but it caused may be enough to destroy storage capacity. If you host your assured that their data is being so many companies are choosing doesn’t work perfectly 100 percent the data for good, dealing a heavy own servers, this means expenses protected as much as possible. this new method of data storage. of the time. Even with redundan- blow to your business. as you have to buy new equip- Save Money cies and backups, it is possible Mobility/Remote Access ment or upgrade your existing Bahar Ferguson is president of To run a profitable business, to lose data because of corrupted Working in the cloud gives hardware. With cloud computing, Wasatch I.T., a Utah provider of it’s important to save money where hard drives or other types of hard- your company a greater degree getting extra storage is as easy as outsourced IT services for small you can, and cloud computing is ware malfunctions. If you neglect of mobility and flexibility. upgrading your plan. and medium-sized businesses.

Vivint Smart Home EARNINGS Vivint Smart Home Inc., from page 6 based in Provo, reported a net loss of $151.2 million for the and the communities #WeBuildUtah fourth quarter ended Dec. 31, where families and business live, work, and thrive. Join our industry and engage in Revenue in the most recent which compares with a net loss of quarter totaled $53.3 million, up a promising and fulfilling career as you make a difference in your own community. Scan to watch $88.5 million for the same quarter a short video from $43.5 million in the year- a year earlier. earlier quarter. Revenue in the most recent For the full year 2020, the quarter totaled $332.5 million, up company reported a net loss of from $307.8 million in the year- $115 million, or $2.91 per share, earlier quarter. which compares with a loss of For the full year 2020, the $240.9 million, or $12.86 per company reported a net loss of share, for 2019. $484.2 million, which compares Revenue in 2020 totaled with a loss of $395.9 million for $188.8 million, up from $154.9 2019. Revenue in 2020 totaled million in 2019. $1.26 billion, up from $1.16 bil- Health Catalyst provides lion in 2019. data and analytics technology Vivint is a smart home com- and services to healthcare organi- pany serving North America. zations. “We met or exceeded all “In the fourth quarter of of our fi nancial goals in a year 2020, I am pleased to share that marked by profound and unprec- we achieved strong performance edented challenges, a testament across our business, including to the favorable positioning of exceeding the mid-point of our our end-to-end smart home plat- quarterly and full-year guidance form and robust service offering for both revenue and adjusted heading into the pandemic,” Todd EBITDA (earnings before inter- Pedersen, CEO, said in announc- est, taxes, depreciation and amor- ing the results. tization),” Dan Burton, CEO, said Refl ect Scientifi c in announcing the results. Refl ect Scientifi c Inc., “While 2020 represented based in Orem, reported sales in an extremely challenging year the most recent quarter totaled across the healthcare ecosystem, $695,823, up from $562,314 for I am proud of the part Health the same quarter a year earlier. Catalyst played in supporting our The company did not release oth- customers to ensure they success- er fi nancials. fully managed through this un- The company provides prod- precedented time. In particular, ucts and services for biotechnol- I am pleased with the role that ogy, pharmaceutical and transpor- our data and analytics technology tation industries. played in enabling our customers’ “We ended the year on a high response to the pandemic, as evi- note,” Kim Boyce, CEO, said in denced by the signifi cant increase announcing the results. “Overall, in our technology usage through- we were delighted with the sales out 2020.” for the fourth quarter of 2020.” The Enterprise - Utah's Business Journal • March 8-14, 2021 • 17 Will employers or workers have the upper hand after the pandemic? It’s been a year now since That’s just the fi rst chap- the number of applications for Aid. There are dangers in the after the pandemic, employers we came under the relentless ter. The McKinsey report also fall 2021 at the University of tension-fi lled, stressful times or employees? domination of the coronavirus. notes, “There is a veritable California are breaking all re- like where we fi nd ourselves. All this leads up to the fi - After all this time, the picture fl ood of new small business- cords. It’s happening at the Someone has aptly described it nal question. Through the pan- isn’t pleasant. The end is un- es. In the third quarter of 2020 same moment when millions as “hitting the pandemic wall” demic frenzy, who will come certain and the implications alone, there were more than of young Americans are ques- that’s felt at home and at work. out ahead, the workers or em- for the future are far 1.5 million new-busi- tioning the value of a college It’s when we reach out for re- ployers? The way it looks at from clear. ness applications in education, particularly if it will lief so we can get our lives on the moment, it just may be the McKinsey re- the United States — take decades for them to free a better path. Simple, quick workers. But, as we all know, ports that “75 per- almost double the fi g- themselves from the sober- and easy answers are what sell things can change. cent of employees in ure for the same pe- ing shackles of student debt. in turbulent times: “Buy this the United States and riod in 2019.” That’s Those who went before them, or do that and your problems John Graham of GrahamComm is a close to a third in the not all. The fourth the millennials, are dogged in vanish and your dreams come marketing and sales strategy con- Asia-Pacifi c region JOHN quarter found Apple determining their own way in true.” We’re too resilient to let sultant and business writer. He is report symptoms of GRAHAM ripe for success with the world. Don’t be surprised. us do that to ourselves. the creator of “Magnet Marketing,” burnout. European the highest revenue in The lens of the microscope Now, go back to where we and publishes a free monthly e-bul- letin, “No Nonsense Marketing & nations are reporting increas- its history — and the company may never rest. started, the original question: Sales Ideas.” Contact him at johnr- ing levels of pandemic fatigue wasn’t alone. 4. Don’t drink the Kool- “Who will have the upper hand graham.com. in their populations. The num- All this adds up to an ber of those who rate their amazing, but totally counter- mental health as “very poor” intuitive, story. But what does is more than three times high- it mean to all of us who must er than before the crisis, and live it? Literally, what in the mental health issues are still world is going on? Even more likely to rise.” In spite of their to the point, what’s the mes- severity, such fi gures should sage about the future — our get our attention, but do they? future? Here are four thoughts SOUTH VALLEY CHAMBER Perhaps the most danger- about that: ous part of the coronavirus 1. The genie is out of the Retirement Solutions is its divisiveness. More of- bottle. It’s fi nally happened. ten than not, outside attacks To put it another way, like no — wars, famines and natural other phenomenon in modern disasters — bring us togeth- history (perhaps in all of his- er to slay the dragon. But the tory), the pandemic released a pandemic has driven us fur- level of momentum suffi cient Offer Competitive ther apart. Who would have to turn the world and every- thought life could take such a thing in it upside-down in an 401(k) Benefits painful turn? instant. It may also be the cat- Overnight, workers were alyst that changes everything, for Your Business told to leave their jobs and from politics, public policy, work from home. Not only did health and medicine, educa- No matter how big or small, your Utah they do it, they liked it! Now, tion, work-life balance, busi- business now has more support when many are ready to refuse to ness, entertainment, culture, offering your employees a retirement go back to claustrophobic cu- industry, science and govern- bicles or vacuous open spac- ment. When Jeff Bezos, the package—thanks to the South Valley es where they lacked privacy. CEO of Amazon, steps back, Chamber Retirement Solution. To express their pleasure of we can be sure profound WFH, they remodeled their change is in the air. The program, administered by TAG Resources, bedrooms, kitchens and base- 2. Far more people have is designed to provide an easy-to-administer ments, upgraded the Internet seats at the table. We talk- option for 401(k) plans. connection, purchased all sorts ed for so long, but nothing of digital devices and offi ce changed. Then, suddenly, we You’ll be able to work with well-known and equipment and didn’t miss a became keenly aware of those prominent 401(k) plan providers, and as an extra layer of security, TAG beat. who had long been invisible to Resources has taken on the highest level of They’re choosey, too. us. We raised our hands and fiduciary liability. “You want me in the offi ce? I called them “heroes” but nev- don’t think so.” Some moved er raised their wages. Over- Perhaps the most important benefit of to Boise or some other place night, our TV screens and ad- the program is that it follows an aggregate RETIREMENT in the middle of nowhere that vertisements changed color to model, allowing your business to provide welcomed them with open black and white. All of a sud- 401(k) options at a discount, which then SAVINGS arms and lower living costs. den, we’ve fi nally fi gured out allows you to reinvest saved money into They donned their sweats, that when everyone has a seat, better options for your employees. Fees are popped open a laptop, jumped we have better healthcare, bet- also less expensive, saving you even more money in administrative costs. on virtual meetings, adjusted ter jobs, stronger families and the lighting, turned on a moni- happier communities. Could it tor or two, and went to work possibly be that it took a pain- SouthValleyChamber.com in their new $999 offi ce chair ful pandemic to make more or decided to stay in bed and room at the table? make it their offi ce that day. To 3. Everything is under a the utter surprise to everyone, microscope. Again, counter- productivity went up. intuitive but nevertheless true, 18 • March 8-14, 2021 • The Enterprise - Utah's Business Journal CALENDAR from page 15 CLASSIFIED Workforce Services. Event takes place both online and in-person at the Brigham Academy Center, CAREERS CAREERS 58 N. Main St., Brigham City. Cost is $40 in-person, $20 online. Registration can be completed at ENGINEERS-PROCESS OWNER & TECHNICAL Eventbrite.com. CELL INTEGRATION Oracle America, Inc. has openings for Technical March 23, 11 a.m. Micron Technology Utah, LLC has openings for the fol- Analyst positions in Lehi, UT. Job duties include: “The Powerful Significance lowing positions in Lehi, UT. Mail resume to Nate Burt, of One,” an Urban Land Institute 4000 N Flash Drive, MS 2-702, Lehi, Utah 84043. Must Deliver solutions to the Oracle customer base while (ULI) Utah event. Speaker is reference job number and job title when applying. serving as an advocate for customer needs. Some posi- Amy Wilde, author, marketing Engineers - Process Owner: Responsible for directing, tions may allow for telecommuting. Apply by e-mailing professional and motivational resume to [email protected], referencing speaker. Event takes place online sustaining and improving quality, throughput, cost, and yield via Zoom. Details are under for the CMP area. Job #10878.3138 385.24924. Oracle supports workforce diversity. “Events” at utah.uli.org. Engineer - Cell Integration - ADTU: Designing and evaluating experiments to optimize part operation. Job March 23, 11:45 a.m.-1 p.m. #10878.3224/10878.3172 Women in Business Lunch- eon, an Ogden-Weber Chamber ACCOUNTING MANAGER of Commerce event that takes Accounting Manager (Overstock.com Inc., Midvale, UT) place online via Zoom. Details MANAGERS, SMALL BUSINESS SOLUTIONS Multiple openings available. Manage corporate accountants are at ogdenweberchamber.com. CyberSource Corporation, a Visa Inc. company, & other accounting staff (incl overseeing work product, currently has openings in our Lehi, UT location for: maintaining morale, & lowering voluntary turnover.) Min March 23, 11:30 a.m.-1 p.m. Reqs: Bachelors degree or US equiv in Acctng, Fin, Econ, Women in Business Lunch- Managers, Small Business Solutions (REF31142Q) or Bus Admin or rel, plus 4 yrs prof exp for multinational eon, a South Valley Chamber Responsible for ensuring all products and solutions are tech company performing corporate accounting (incl plan- event. Speaker is Patricia W. fully enabled and ready for market. Collaborate with ning, analyzing, designing, developing, & implementing Jones, CEO of the Women’s Product and Product Marketing teams to understand the accounting systems & procedures) to perform accounting & Leadership Institute. Location is reconciling functions in compliance with US GAAP & FASB Gail Miller Conference Center, product roadmap and go-to-market plans, and with the Sales and partner teams to enable these teams to sell new reqs. Must also have: 2 yrs prof exp following FASB Ac- Salt Lake Community College, counting Standards Codification Subtopic 350-40 to depre- 9750 S. 300 W., Sandy. Cost products and solutions. 10% domestic and international ciate internal-use software; 2 yrs prof exp following FASB is $20. Details are at southval- travel required. To apply, please reference Job#s above ASC Subtopic 360-10 to account for impairment or disposal leychamber.com. when mailing resume to: LJ, Visa, Inc., MS: M1-12 SW, of long-lived assets; 2 yrs prof exp creating financial reports 900 Metro Center Blvd., Foster City, CA 94404. EOE. for mgmt & external stakeholders; 2 yrs prof exp operating March 23, 3:30-4:30 p.m. Oracle ERP accounting software 12.2 (incl modules for fixed “Panel Discussion: Benefit assets, accounts receivable, & accounts payable); 2 yrs prof Company Why (and How),” an exp following FASB ASC 606 to account for gift card report- Impact Hub Salt Lake event, in ing, a Box Elder Chamber of March 24, noon-1 p.m. ing; 1 yr prof exp using Microsoft Excel to support financial partnership with P3 Utah and part Commerce event. Location to be “Solve the Business Puzzle: analysis; 1 yr prof exp operating Trintech ReconNET to of a monthly series on benefit announced. Cost is $10. Details Customer Management automate daily, monthly, & periodic reconciliation & account companies in Utah. Event focuses are at boxelderchamber.com. Systems,” a Women’s Business balancing processes. Submit resume online at: https:// on benefit corporations and how Center of Utah event that takes overstock.wd5.myworkdayjobs.com/Overstock_Careers/job/ to build a purpose driven business. place online via Zoom. Free. March 25, 5:30-7 p.m. Midvale-Utah/Accounting-Manager_R0004607 or via email: Panelists are Lewis “Smokey” Chamber Mixer, a West Details are at wbcutah.org. [email protected]. Specify ad code XCWM. Peck, president and co-owner of Jordan Chamber of Commerce EOE. MFDV. Pro Group Recycling Solutions; March 24, 1-5 p.m. event. Location to be determined. Steve Klass, executive director Defense Manufacturing Cost is $5 for chamber members, of P3 Utah; and Keven Stratton, Research Symposium, a World $10 for nonmembers. Details are managing partner at Stratton Law Trade Center event hosted by at westjordanchamber.com. Area Chamber of Commerce the first Thursday of each month Group and general counsel at the Utah Advanced Materials event. Details to be announced at at Kings Peak Coffee Roasters Stratton & Brett LLC. Event takes and Manufacturing Initiative March 25, 6-7 p.m. and the third Thursday of each place online. Free. Registration (UAMMI) and Utah Defense Legal Clinic, a Small murraychamber.org. month online via Zoom. Details can be completed at Eventbrite. Manufacturing Community and Business Development Center are at murraychamber.org. com. featuring defense manufacturing (SBDC) event that takes place March 29, 2:30-6:30 p.m. research opportunities in which online. Details are at https://cli- Utah Valley Job Fair, a Utah March 24, 10-11 a.m. manufacturing companies can ents.utahsbdc.org/events.aspx. Valley Chamber event. Location April 1, 1:30-2:30 p.m. “Salt Lake Chamber-Bu- “China’s Economic & Trade participate. Speakers include is Utah Valley Convention Center, siness Live!” a virtual network- Policy and What It Means for Angie L. Tymofichuk, depu- March 25, 6-7 p.m. 220 W. Center St., Exhibit Hall A, ing event. Free for members, $10 U.S. Businesses,” part of the ty assistant secretary of the Air Intellectual Property Clinic, Provo. Details are at thechamber. for nonmembers. Details are at “China Paradox” series presented Force for logistics and product a Small Business Development org. slchamber.com. by World Trade Center Utah, the support; Col. Nathan Diller, direc- Center (SBDC) event that takes place online. Details are at https:// Orrin G. Hatch Foundation and tor of AFWERX (future Air Force April 1, 9-10 a.m. the U.S.-China Business Council. clients.utahsbdc.org/events.aspx. Programs for Agility Prime and Morning Speaker Series, April 1, 6-8 p.m. Featured presenters are Jon “Start Smart,” a Small Space); Robert O’Brien, director, an Ogden-Weber Chamber Huntsman Jr., board chair of World March 25, 7-9 p.m. Business Development Center advanced design and manufactur- of Commerce event that takes Trade Center Utah and former Utah Ladies in Business (SBDC) event that takes place ing, Idaho National Laboratory; place online via Zoom. Free for governor; and Matthew Pottinger, and Tom Lockhart, director of Networking Night, a Women’s online. Details are at https://cli- chamber members and first-time White House deputy national secu- engineering, Air Force Nuclear Business Center of Utah event. ents.utahsbdc.org/events.aspx. guests. Details are at ogdenweber- rity advisor. Remaining session Weapons Center. Event takes place Location is Kendra Scott at City chamber.com. is “Actionable Advice on What online. Free. Details are at https:// Creek Center, 50 S. Main St., April 2, 8-10 a.m. U.S. Businesses Should Do About www.uammi.org/events/defense- Suite 271, Salt Lake City. Free. “Friday Forum,” a Utah China,” April 7, 10-11 a.m. Free. mfg-symposium-mar2021. Details are at wbcutah.org. April 1, 7:45-9:15 a.m. Valley Chamber event. Location Details and registration are avail- “Coffee and Connections,” is Utah Valley Convention Center, able at https://wtcutah.formstack. March 25, noon-1 p.m. March 26, 7:30-8:30 a.m. a Murray Area Chamber of 220 W. Center St., No. 200, Provo. com/forms/china_paradox. Women in Business Meet- “Eggs and Issues,” a Murray Commerce event that takes place Details are at thechamber.org. 19 • March 8-14, 2021 • 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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dom” and work/life balance in a and the upcoming development lin Roberts, BioHive’s interim ex- RECRUITMENT way that some of them have ex- BIOTECH at the Point of the Mountain “will ecutive director. from page 1 perienced through the pandemic, from page 1 cater significantly to life sciences “They (BioUtah) are the the best people are going to dic- needs,” Cullimore said. trade organization and we are the tate how they want to work and Because the event focused on megaphone, the cheerleaders, the ente Ventures, said one portfolio they’re going to choose to work by the life sciences industry,” he investing, Cullimore added that resource connectors, and ideally company has gone entirely virtu- with other similar-caliber peo- said to lead off the recent Entre- in 2020, Utah was sixth-ranked we want to bring people together preneur & Investor Life Science al, with the CEO moving to Mi- ple, “wherever they’re found.” among states for funds raised per so we can share our enthusiasm Summit, presented by BioUtah, ami. Remote work “has gone on Speaking at the BioUtah capita. “It shows we are punch- for Utah,” Roberts said. so long, it really does create new BioHive and the University of event, Jason Lettmann, general ing well above our weight,” he Keith Marmer, chief innova- opportunities for people to col- Utah’s PIVOT Center. partner at Lightstone Ventures, said. Utah life sciences compa- tion and economic engagement laborate differently,” she said. Utah’s life sciences indus- said remote-work technology nies have raised about $750 mil- officer at the University of Utah, “I think it’s a tremendous try includes more than 1,100 has created “an opportunity to lion during the past 18 months, al- said growth in the state’s life sci- opportunity to be able to tap tal- recruit talent to Utah” and other companies employing more than ences ecosystem is evident in the though Cullimore said the figure ent. That said, everyone is now locations “that aren’t on the ra- 130,000 people. It added about influx of talent to the state. likely is higher than that. able to tap talent all over the dar, so to speak.” 5,000 jobs during the past year, “The number of people who “We have a great story to tell, country and all over the world, Part of the current “brave boosting its status of having the have moved to Utah to be part of and we are united in our vision to so the competition doesn’t go new world” includes companies No. 1 job growth in the nation our ecosystem or been a part of make Utah an innovation hub, bar away. It changes,” Raimundo relocating from the likes of the since 2012. helping to grow our ecosystem said. Bay Area and Boston, he said. A study last June indicat- none,” he said. continues to mushroom, and it’s “I think overall it’s really And in biopharma, he said, com- ed that the Salt Lake City met- To help tell that story, Bio- exciting to see all of the folks en- good for geographies that typi- petition is so great for C-level ro area was No. 2 in the nation Hive was launched in November gaging and helping to grow the cally weren’t getting as much executives “that’s it’s just be- for employment concentration to brand the industry as a cohe- companies here in Utah,” he said. attention or didn’t have all the coming cost-prohibitive and a in medical device manufacturing sive community and raise its pro- Marmer said “there’s so components in one physical lot of boards are thinking about and No. 9 in total medical device file nationally and globally. With much going on” in Utah’s life place. You can now source your whether it’s really worth that.” jobs. And Utah was one of only help from various partners in the sciences industry. “It’s exciting leadership components from dif- Opportunities abound “as four states with concentrations public and private sectors, Bio- to see our ecosystem continuing ferent locations.” other places get overheated and in three subspecialties: pharma- Hive aims “to make Utah known to grow,” he said, “even during Wright said remote work we’ve seen the benefits of - re ceuticals, medical devices, and on the national map as a hotspot this past year, with the challenges has both challenges and benefits, mote work,” Lettmann said. research and testing. “That puts of innovation,” according to Kate- we’ve had with the pandemic.” but one opportunity is to “access Raimundo, using technolo- us in pretty heady company with talent you never could access be- gy to participate in the BioUtah states like New Jersey, California fore” — especially for compa- event, suggested Utah could cap- and Massachusetts,” Cullimore nies not “right in these very spe- italize on the new tech capabili- said. cific geographies.” ties to attract people to the state What’s more, the Milken Why share? “I think that’s been changed but work for outside companies. Institute’s list of best-perform- fundamentally by this,” he said. “Obviously, I’m sitting here ing cities for 2021 includes five “I think there will always be in San Francisco right now, and Utah municipalities, all in the Get your own copy! pockets of innovation. There’s it’s on the news all the time how top 10: Provo-Orem, Salt Lake face-to-face interactions that are people are fleeing in large num- City, Ogden-Clearfield, Logan Why share?Why Get share? your own copy! super-high-bandwidth and you bers, because the cost to living and St. George. Utah universities can’t entirely replace that with a is tough,” she said. “And mak- are highly ranked for technology To SubscribeGet your own copy! virtual experience, but I do be- ing places that are beautiful and transfer and for academic life sci- lieve that we are not going back lovely like Utah super-attractive ence research and development Call: 801-533-0556 to the old way of organizing la- to live [in] and if you can do that growth. Salt Lake City is push- or goTo online Subscribe to: bor.” ing a “Tech Lake City” initia- from a remote presence perspec- Call: 801-533-0556 Wright added that when tive, I think it creates incredible tive that features accommodating slenterpirse.com workers “have a taste of free- opportunities.” more life sciences companies, or go online to: slenterpirse.com 20 · March 8-14, 2021 · The Enterprise - Utah's Business Journal

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Up to $150 will be deposited in $50 increments over 3 consecutive months after setting up, and maintaining, a direct deposit of at least $500 in 3 consecutive months. Up to $150 will be deposited in $50 increments over 3 consecutive months when the minimum requirement of 15 transac- tions per month with a University Federal Credit Union Visa debit or credit card are made in consecutive months. Minimum eligible transactions amount is $2.00. $100 will be deposited after an auto loan with another institution , of at least $10,000, is transferred to University Federal Credit Union. New members only; those who have received a promotion payout from UFCU in the last 5 years are not eligible. Must have valid SSN/ITIN/FTIN to join. For more information, and full terms and conditions, see www.ucreditu.com/services-benefits/400-new-member-promo.ht- ml or contact University Federal Credit Union at 801-481-8800. OŠer begins February 1st, 2021. OŠer valid through July 31st, 2021. To be eligible for payouts, participants must activate promo before July 31st, 2021 and remain in good standing during eligibility. Eligibility for payout is limited to 6 months from account open date. Participants may need to visit a branch to complete or sign documents. Federally insured by NCUA.