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3.15.2021 Display.Indd OUR TH YEAR www.slenterprise.com March 15, 2021 Volume , Number 34 $1.50 5O OF NOTE Jazz purchase is top 2020 Utah acquisition person in the state should realize they have a started with Lucidchart, a web-based, pro- Brice Wallace stake in the Jazz, too. While acknowledging prietary platform that allows users to col- The Enterprise that the team is a business, Smith stressed it laborate on drawing, revising and sharing also is a community asset. charts and diagrams. Their names are at the top of the orga- “You’re part of this. You’re part of Utah. Smith took a different route in build- nizational chart, but the new owners of the You’re part of building this. You’re part of ing Qualtrics, an experience management Utah Jazz see every Utahn as part of the the Jazz,” he said. “We want you to laugh, franchise. and cry when we cry, and it’s going to be “We’re all in this together,” Ryan Smith hard and there’s going to be good times, so see DEALSOURCE page 15 said as he and his wife, Ashley, were present- we just want to enjoy it all together because I can't find my phone ed the M&A Award at the ACG (Association it’s what we need. It’s what we need in the for Corporate Growth) Utah’s 17th annual world right now.” The average Utahn could last Intermountain DealSource Summit, for their The summit also included a presenta- only 1.8 days without their cell- acquisition last year of the majority stake tion of the Growth Capital Award to Lucid, Still falling: Utah phone, according to a survey in the Jazz for $1.66 billion from the Miller founded by Ben Dilts and Karl Sun in 2010. by GearHungry.com, a resource family. Last year, the company secured $52 million for reviews of men’s gear, gad- Smith said everyone involved in the in a Series D funding round on an evaluation unemployment gets and gifts. The U.S. aver- transaction, every business owner and every of more than $900 million. The company age is 1.6 days. Nationally, device usage has increased by down to 3.1% one-third since the start of the Utah’s unemployment rate fell to 3.1 COVID-19 pandemic. percent in January, just behind South Dako- ta’s 3 percent for the second-lowest in the Innovate Utah nation. The jobless rate means that just over page 7 50,000 Utahns are still actively looking for work, according to the Utah Department of Industry News Briefs Workforce Services. pages 8-9 The national unemployment rate sits at Business Calendar 6.3 percent, according to the Bureau of La- bor Statistics. page 11 “The winter months have decelerated but not stopped the Utah economic recov- ery,” said Mark Knold, chief economist at the Department of Workforce Services. “With end-of-year adjustments, December’s employment estimate has been scaled back and the January estimates refl ect a slight Rio Tinto has announced plans to build a tellurium extraction plant at its Bingham Canyon Kennecott improvement over the revised December copper mine. Tellurium is a component of cadmium telluride, a semiconductor used to manufacture numbers. Yet private-sector employment thin fi lm photovoltaic solar panels such as these at a solor power generating facility in Rich County. has returned to employment expansion. It is government employment that is curbing the overall picture — in particular, education employment.” Rio Tinto to build new tellurium Utah’s January private-sector employ- ment recorded a year-over-year expan- sion of 0.3 percent, the department report- extraction facility at Utah mine ed. Five of Utah’s 10 private-sector major Rio Tinto will begin construction on a Rio Tinto expects to begin production industry groups posted net year-over job new plant that will recover tellurium, a criti- of tellurium in the fourth quarter of 2021, gains, led by professional and business ser- cal mineral used in solar panels, from cop- creating a new North American supply vices (9,900 jobs); trade, transportation and per refi ning at its Kennecott mine near Salt chain for the mineral. utilities (8,100 jobs); and fi nancial activities Lake City. Rio Tinto is investing $2.9 mil- Tellurium is a component of cadmium (4,100 jobs). Five industry groups remain lion to set up the plant, which will recover telluride, a semiconductor used to manu- with year-over employment declines, led tellurium as a byproduct of copper smelting, facture thin fi lm photovoltaic solar pan- by leisure and hospitality services (down extracting the mineral from waste streams. 12,400 jobs), education and healthcare The plant will have a capacity to produce (down 7,600 jobs) and information (down see TELLURIUM page 14 approximatelyAFCU-Business-Strip.pdf 20 tons of tellurium 2 per 5/7/19 year. 5:02 PM 1,500 jobs). C M Y CM 1-877-AFCUBIZ MY americafirst.com CY Federally insured by NCUA CMY K 2 • March 15-21, 2021 • The Enterprise - Utah's Business Journal COVID-19 AND UTAH - NEWS AFFECTING YOUR BUSINESS & YOUR EMPLOYEES Last Monday, the Centers for Disease Control elements, all built around variations on the message, State enlists three more healthcare and Prevention (CDC) released highly anticipated “This Is Our Shot. Let’s Take It.” The concept is to providers to help vaccination effort guidance on practices considered safe for those who promote COVID vaccination awareness and provide are fully vaccinated against the COVID-19, relating the most up-to-date information available to Salt Lake As the number of doses of COVID-19 vaccine in- to gatherings, quarantine and testing. Most notably, County residents. creased in Utah with the availability of the new John- the CDC said that those who are fully vaccinated can All creative messages will drive visitors to the son & Johnson one-dose medication, the Utah Depart- spend time with unvaccinated people indoors, with no county’s new website, thisisourshot.com, for the latest ment of Health enlisted additional healthcare providers mask, so long as those who are unvaccinated are at details on who’s eligible for vaccines, where to get a to give the shots. Intermountain Healthcare and Uni- low risk for severe COVID-19. vaccination when the time is right and other facts about versity of Utah Health joined Nomi Health as pri- “As vaccinations increase, this guidance repre- the vaccine and Utah’s efforts to meet a 70 percent herd vate companies helping to vaccinate Utahns under the sents a fi rst step toward returning to everyday activi- immunity goal. agreement with the state. ties in our communities, and CDC will update these “We’ve been working quickly and have put a lot of All three contractors have operations ongoing recommendations as more people are vaccinated, time and resources behind our efforts,” said Salt Lake throughout the state and said they would expand op- rates of COVID-19 in the community change and as County Mayor Jenny Wilson. “It’s important we inform erations as state vaccine allotments increase. The new additional science and evidence become available,” the residents of Salt Lake County and others in our vaccination locations will not replace existing state and the CDC said in a press release regarding the guid- community in a timely, upfront manner as details and county sites or the pharmacies currently giving shots. ance. information change frequently.” “These partners will increase our reach through- Dr. Rochelle Walensky, the director of the CDC, Though the campaign was assembled in a relative- out the state. They will be able to offer large-scale vac- said that two weeks after the second dose, or the sin- ly short amount of time, the thinking behind the cam- cination clinics in some areas where we’re currently gle dose for those receiving a vaccine developed by paign is based on extensive research—both quantitative unable to do so,” said Tom Hudachko, spokesperson Johnson & Johnson, fully vaccinated persons can and qualitative, Wilson said. Salt Lake County Health for the Utah Department of Health. “They have estab- safely gather inside with other fully vaccinated people Department staff and representatives conducted online lished relationships with many residents in the state without wearing face masks or physical distancing, surveys and focus groups to determine what miscon- who have underlying medical conditions, so we will the CDC said, calling these indoor gatherings “likely ceptions exist about COVID vaccines and where fur- rely on them to help with those populations. We al- low risk.” ther information and education might be most effective. ways intended to activate additional [locations] once As the size of gatherings increase and involves The campaign is produced in both English and Spanish. we had surpassed the capacity of the health depart- additional households, the risk also increases. In gath- “Our primary goal is to encourage people who live ments to administer vaccines.” erings with fully vaccinated people and unvaccinat- in Salt Lake County and surrounding areas of the im- Intermountain Health has begun giving vaccina- ed people from multiple households, everyone should portance of getting a COVID vaccination through out- tions at Logan Regional Hospital, McKay-Dee Hos- wear a mask and practice distancing, per the guidance. reach, education and awareness,” said Gary Edwards, pital in Ogden, Park City Hospital, Riverton Hospital, Further, regardless of vaccination status, every- executive director of Salt Lake County Health Depart- St. George Regional Medical Center, The Orthopedic one should avoid medium-to-large-sized gatherings ment. Speciality Hospital in Murray and Utah Valley Hospi- indoors and follow local guidance on related restric- tal in Provo.
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