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10.21.2019 Display.Indd www.slenterprise.com October 21, 2019 Volume 49, Number 14 $1.50 Housing prices Weber & Davis CountiesTECHNOLOGY cause CPI drop PAGE F1 pages 15-18 for September Sponsored by: Housing prices took a major dip from August to September, causing the Zions Bank Wasatch Front Consumer Price In- dex (CPI) to drop 0.4 percent. While most prices rose slightly in September, prices in pages F1-F8 the housing sector fell 1.6 percent — the largest single-month drop for the sector since Zions Bank began measuring con- sumer prices along the Wasatch Front in 2010. Sponsored by: This 42-page report was presented by the Governor’s Offi ce of Economic Development to a pair Year over year, the CPI has grown of legislative committees last week and is packed with recommendations to improve Utah’s eco- 2.9 percent, while the national Consumer nomic development efforts. Price Index has increased 1.7 percent since September of last year. Also contributing to a drop in housing sector prices, the cost for hotels and mo- State releases 'roadmap' for tels rooms had its largest month-to-month decline ever recorded, falling 13 percent in September. Meanwhile, apartment rent- future economic development al rates dipped 0.9 percent in the same pe- opment Strategic Plan Committee of about riod. Brice Wallace two dozen people, survey input from more Growth in housing prices seems to The Enterprise than 430 Utah industry leaders, input and be moderating since its peak in Decem- recommendations from 17 subcommittees, ber 2018. Year-over-year price growth for The captain of “Team Utah” has un- and it contracted with the nonprofi t Center housing is now at 3.3 percent, the lowest veiled a new playbook. for Regional Economic Competitiveness annual rate for the sector since April 2018. The team name often has been applied (CREC) to get expert opinion and prepare Even so, housing remains the largest driv- to organizations working to boost Utah’s the report. er of the overall annual increase in prices economic development, and the Governor’s Kenneth E. Poole, president and CEO along the Wasatch Front. Offi ce of Economic Development — the of CREC, said the plan is “a terrifi c road- Builders are currently planning to team’s captain, so to speak — last week re- map for Utah moving forward” during a build more residential units across the leased a strategic plan designed to maintain meeting of the Economic Development and Wasatch Front than at any other time , ac- and expand on Utah’s winning economic Workforce Services Interim Committee. cording to the Ivory-Boyer Construction track record. “Economic development today, and it’s Database, which tracks building permits The “Plan to Elevate Utah’s Econom- always been, is around fostering change in issued in Utah. Through August of this ic Success” is the result of four months of our communities and preparing for the fu- year, builders have received permits to work after the Legislature charged GOED ture, and we shouldn’t sit back on our lau- build 13,560 housing units across Weber, with compiling a comprehensive review rels and ignore the work that we need to be Davis, Salt Lake and Utah counties. That of state government’s economic develop- ment activities and recommending changes. GOED got help from an Economic Devel- see ROADMAP page 5 see CPI page 13 'One of a kind': 'Mr. Mac' Christensen dies at age 85 His retail clothing stores have been the president of the renowned Tabernacle more importantly he cared about how you dressing Latter-day Saint missionaries — Choir at Temple Square of the Church of looked on the inside. He was known for and countless Utah busi- Jesus Christ of Latter-day Saints for over his kindness, his service and his charitable nessmen — in two-pant 10 years during a period when the choir giving,” Herbert’s statement said. suits for more than a won two Grammy nominations and the Former U.S. Sen. Orrin Hatch, known half a century. Mac “Mr. prestigious National Medal of Arts. to be a longtime friend of Christensen, Mac” Christensen died Gov. Gary Herbert released a statement praised him in a tweeted statement. “Mac on Oct. 11 in Salt Lake following Christensen’s death in which he was a powerful force for good in this City at the age of 85. called him “a living legend.” “Mac Chris- world, helping men of all ages look their Fred Macray Christ- tensen was a true gentleman and a success- best selves to be their best selves. He out- Mac Christensen ensen was the founder ful entrepreneur. He loved and cared about fi tted generations of missionaries and busi- of clothing retailer Mr. everyone and everyone loved him in re- Mac and was active in Utah civic and turn. Everyone was his friend. ... He cared church affairs for most of his life. He was about how you looked on the outside — but see MR. MAC page 13 2 • October 21-27, 2019 • The Enterprise - Utah's Business Journal Salt Lake Chamber names Wardell 2019 Athena Leadership Award recipient The Salt Lake Chamber has town Alliance, in announcing the nifer Williams, chief brand ambas- committee member of the Wom- from its Chicago headquarters and announced that Linda Wardell, award. “Both in business and the sador at Dental Select. en’s Leadership Institute, member boasts over 300 active communi- general manager of City Creek community, Linda is an excep- Wardell has more than 30 of the Zions Bank Advisory Board ties in the United States, Cana- Center, will receive its 2019 Athe- tional example of what servant years of experience managing and and the business advisory board da, China, Russia and the United na Leadership Award. Wardell leadership can achieve and how marketing shopping centers. She for Westminster College. Kingdom. More than 5,000 indi- will be honored at the 43rd Annu- it inspires others. As chair of the is involved in the community in- Established in 1982 in Lan- viduals representing a wide vari- al Women & Business Conference chamber, she has made it her mis- cluding serving on the board for sing, Michigan, the Athena award ety of professions and businesses and Athena Awards Luncheon on sion to tackle one of Utah’s most the Downtown Alliance, executive program is now administered have received the Athena award. Nov. 12 at the Grand America Ho- pressing issues facing business tel in Salt Lake City. today — the gender wage gap. The chamber said that the Her efforts will ensure Utah has a Athena award is part of a na- fairer and more equitable pay en- Lindon-based BambooHR tabs Rencher CEO tional recogni- vironment and that everyone has tion program the same incentives and opportu- BambooHR, a Lindon-based formed our approach with our in acquisitions of Marketo, Ma- and is its high- nities.” human resources software de- team, our product, and our focus gento, TubeMogul, Neolane and est recognition In addition to the Athena veloper and marketer, has named on the individual employee ex- Demdex, among others. for women in Leadership Award, five women Brad Rencher as CEO. The move perience for our customers,” said “BambooHR is leading a business. It is will receive Pathfinder Awards at will allow co-founders Ben Peter- COO Sanders. “To further our movement to create the kind of presented an- the November event. The Path- son and Ryan Sanders to focus on commitment to our customers and employee experiences that build nually to an ac- finder Awards are presented an- strategic oversight and corporate team members and continue our stronger companies from the in- Linda Wardell tive member of nually to community leaders who direction as co-chairmen of the goal of creating great workplaces, side out,” said Rencher. “The evo- the Salt Lake create new paths promoting the BambooHR board of directors, we’re calling in Brad’s leadership lution of customer experience in Chamber who demonstrates ex- development and recognition of the company said. skills and business experience to the digital age throughout the past cellence, creativity and initiative women in business. The five Path- “Today we continue build- take our vision even further into decade offers insights into Bam- in business. Each recipient must finder recipients this year are The- ing upon the BambooHR legacy the next decade.” booHR’s mission to advance the also provide valuable service by resa Foxley, president and CEO of of providing an exceptional cus- Rencher most recently served employee experience. BambooHR devoting time and energy to im- the Economic Development Cor- tomer experience as we bring as executive vice president and is known for empowering its em- prove the quality of life for others poration of Utah; Mikelle Moore, Brad Rencher on as CEO to ad- general manager of Adobe’s Dig- ployees through its platform, as in the community and assist wom- senior vice president and chief vance our mission to set people ital Experience business unit. He well as delivering simple solu- en in reaching their full leadership community health officer at In- free to do great work,” said former joined Adobe in 2009 through the tions to do the same for its cus- potential, the chamber said. termountain Healthcare; Christy CEO Peterson. “BambooHR was acquisition of Omniture, and un- tomers, and I am incredibly ex- “To know Linda is to be- Tribe, president and CEO of Ju- founded on a philosophical shift der his leadership, the Digital Ex- cited to serve both as CEO of the come a better person,” said Derek nior Achievement of Utah; Mel- that people who have meaning- perience business became one of company.” Miller, president and CEO of the anie Vartabedian, a partner at the ful and positive employee experi- the largest SaaS businesses, grow- Founded in 2008, BambooHR Salt Lake Chamber and Down- Ballard Spahr law firm; and Jen- ences can influence businesses to ing from $300 million to nearly $3 has 500 employees, 15,000 cus- achieve better overall results.” billion in under a decade.
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