www.slenterprise.com January 20, 2020 Volume 49, Number 26 $1.50 OF NOTE Outlook: Utah economy may be nation's best state,” Spendlove told the crowd. “We con- the state,” he said. Brice Wallace tinue to have one of the strongest, if not the Likewise, Utah’s employment growth The Enterprise very strongest, economy in the nation.” is tops in the U.S. and twice the national Among Utah’s attributes is having the average. Healthcare is the strongest growth The 2020 economic prediction season second-fastest-growing population, tied sector, followed by construction, and all is underway, with the local kickoff event with Nevada and Arizona and trailing only sectors are growing. “At the national level, indicating Utah is well-positioned com- Idaho, putting Utah “right in the middle of natural resources and mining was contract- pared to other states. the fastest-growing area of the country,” ing, but in Utah it continues to expand,” he At the Zions Bank 2020 Economic he said. Utah’s population of 3.2 million is said. Outlook, Robert Spendlove, senior econo- growing about 50,000 per year, about the mist and public policy offi cer for the bank, size of the city of Taylorsville. see OUTLOOK page 18 Coming to a pump near you listed several statistics showing Utah’s eco- “It’s good because it’s feeding our over- The continuing growth in domes- nomic might outshines that of most other all economic growth, but it’s also something tic oil production will soon start states and the nation overall. we need to be very serious about, looking at showing up at the gasoline pump. “We are in such a good place in our transportation and infrastructure needs in Crude oil prices fell to a six-week SLC ranks near low last week as U.S. govern- ment data revealed hefty weekly increases in domestic supplies of top as job market gasoline and distillates. Experts expect the supply increase to start showing up as lower retail for millennials gas prices. Turns out that Salt Lake City is a pretty Industry News Briefs good place to be a millennial. The nation- wide commercial real estate listing service pages 8-9 Commercial Café lists Utah’s capital as No. Business Calendar 5 among the country’s metropolitan areas as page 11 a good place for the younger generation to work. The study ranked the cities based on Opinion seven indicators, including millennial pop- page 16 ulation growth, regional price parity, mil- lennial unemployment rate, percentage of A concept drawing shows the 220,000-square-foot headquarters building of the Northrop Grumman Roy Innovation Center, currently under construction at Hill Air Force Base. The facility will become the millennials with employer-based health in- home of the Northrop Grumman team supporting the Department of Defense’s Ground Based Strategic surance and commuting time. Deterrent (GBSD) program, the replacement for the nation’s current aging missile defense system. Millennials are defi ned as the genera- tion following Generation X or two genera- tions after the 1946-to-1964 baby boomers. The group currently makes up the largest $380 million expansion will bring segment within the U.S. labor force. Salt Lake City ranks best in the nation for unemployment for its millennial resi- 2,250 jobs for Northrop Grumman dents among the 10 cities ranked at the top result in new wages of more than $4.48 bil- of the study — roughly 2.4 percent — and Brice Wallace lion over the next fi ve years and new state ranked second for commuting time, with an The Enterprise tax revenues of nearly $200 million during average of 23 minutes. that time. The average wage for the new Salt Lake City also has the fourth-high- A project to help Northrop Grumman jobs is $102,140. est proportion of millennials of its overall Corp.’s rocket-like growth in Utah has got- “This is a great opportunity for Utah,” population, roughly 16 percent. It also ranks ten a fi nancial boost from the state of Utah. said Jerry Oldroyd, chairman of the GOED fourth for the percentage of millennials with The Governor’s Offi ce of Economic board. “This is as important an incentive as employer-based health insurance. Development (GOED) board, at its January we’ve ever done.” Overall, the four top-ranked met- meeting, approved a $59.9 million tax cred- According to GOED documents, 92 ros in the millennial employment survey it incentive over 20 years for the company, percent of the new jobs are associated with are Denver/Aurora/Lakewood, Colorado; tied to the creation of 2,250 high-paying Austin/Round Rock, Texas; Raleigh/Dur- jobs over the next two decades. ham, North Carolina; and Seattle/Bellevue, see GOED page 6 The $380AFCU-Business-Strip.pdf million project is expected 1 5/7/19 to 5:02 PM Washington. C

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for a rural community … so we with Utah state and local offi cials couldn’t be more excited for dealing on a fi rst-name-only ba- this project,” Tom Wadsworth, sis with P&G representatives and Evans Bank GOED associate managing di- the Economic Development Cor- rector, said at the board’s Janu- poration of Utah working through to open third ary meeting. He noted that since a real estate representative — and the company’s initial project an- unaware that P&G was his client nouncement in 2007 that the — for several months. Utah branch company “has been a huge eco- Reaction from Box Elder Burley, Idaho-based D.L. Ev- nomic driver for that communi- County offi cials to the expansion ans Bank has announced that it ty.” project was extremely positive. will open its third Utah branch in P&G currently sells prod- “I don’t know that people re- Logan in March. Located at 944 ucts in 180 countries, and its alize just what an impact Procter S. Highway 89, the Logan branch brands include Always, Bounty, & Gamble has in our communi- will be a full-service location of- Charmin, Crest, Dawn, Downy, ties,” Jeff Hadfi eld, a Box El- fering a full range of banking Gillette, Head & Shoulders, der County commissioner, told products and services with deci- Olay, Oral-B, Pampers, Pantene, the GOED board. “And you can sions made locally, the bank said Tide and Vicks. It has operations tell why they don’t lose a lot of in a release. The announcement in approximately 70 countries people — because they take very was made by John V. Evans Jr., worldwide. good care of their employees, president and CEO of D.L. Evans “This [expansion project] and they want to stay there.” Bank. could have gone to many differ- “Procter & Gamble is a D.L. Evans Bank opened its ent locations throughout North great company and has been fi rst Utah branches in Tremonton America, and the company chose great to work with,” said Mitch and South Ogden in 2018. The to come here because of what Zundel, director of Box Elder bank has 34 branches, mostly lo- has been created here in Utah,” County economic development. cated in Idaho. Darin Belnap, fi nance manager “They’re probably our biggest “The opening of the Lo- at the Box Elder plant, told the cheerleader for economic devel- gan branch aligns well with our GOED board. opment in Box Elder County.” expansion plans for D.L. Evans “We’re very excited,” he In a prepared statement, plant Bank,” said Evans. “We currently said. “As you know, P&G is a manager Joe Tomon said the ex- have a branch in Tremonton and $67 billion company and been pansion is the result of consumer in South Ogden and those two lo- With a tax credit incentive in hand, Procter & Gamble will almost double the size and customer demand, “and we of its toilet paper and paper towel manufacturing facility in Box Elder County. around since 1837, and we’re cations are doing great, serving coming because Utah has a great couldn’t be more pleased to meet their respective communities. We environment for business devel- that demand with the excellent will open the Logan branch in opment, and the county has been workforce of Box Elder County.” the spring of this year with David Procter & Gamble doubling just fantastic to work with, and “This expansion will cre- Mumm serving as the vice presi- the workforce is incredible in ate hundreds of new high-paying dent and branch manager. David Utah, so we’re very appreciative manufacturing jobs in Box Elder has over 30 years of banking ex- its Bear River City presence of the environment that has been County,” Val Hale, GOED exec- perience, with 26 years assisting nounced in 2015 was tied to a created by a lot of people in this utive director, said in a prepared customers in the Logan and Cache Brice Wallace capital investment of up to $500 room. statement. “This is a big win for Valley market with all of their fi - The Enterprise million. “We’re almost doubling our Utah as we continue to help build nancial needs. We are confi dent The newest expansion, a current manufacturing base to- our rural counties and create that he and the rest of the Logan Procter & Gamble will near- $310 million project, was an- day with this expansion. And for more jobs in these areas.” team will do an excellent job serv- ly double its manufacturing oper- nounced this month after the manufacturing jobs, they’re very “Procter & Gamble has been ing the city of Logan and the sur- ations in Box Elder County and Governor’s Offi ce of Economic high-paying and we’re very ex- a steady growth agent in Utah,” rounding areas.” add about 220 jobs over the next Development (GOED) board ap- cited to bring those people on said Theresa A. Foxley, president D.L. Evans Bank was found- two decades. proved a nearly $4.2 million tax board.” and CEO of the Economic De- ed in 1904 and has total assets The Cincinnati-based com- credit incentive for the company When Box Elder County velopment Corporation of Utah. in excess of $1.7 billion. It is a pany announced in 2007 it would over 20 years. The project is ex- was selected in 2007, it won out “The company started production family-owned community bank build a $300 million plant near pected to result in about $375.3 over fi ve existing paper-products here in 2011 and invested again with a focus on giving back to the Bear River City that would be million in new wages over fi ve locations. Utah was among three in spring 2018, and continues to- communities it serves, the fi rm the company’s fi rst “greenfi eld” years and new state tax revenue fi nalists for the greenfi eld option, day to expand its state-of-the-art said. “While times have changed, site in the U.S. in three decades. of nearly $14 million during that along with Port of Murrow, Or- facility. With wages above the the bank has never lost sight of the It began producing Bounty pa- period. The new jobs are expect- egon, and Walla Walla, Washing- county average, these are high- founder’s vision — that ‘bank- per towels and Charmin toilet ed to pay an average of $81,000. ton. The process of landing that quality manufacturing jobs for ing is really just about one thing: paper in 2011. An expansion an- “These are high-paying jobs initial project was very secretive, Box Elder County.” helping people,’” said Evans.

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MOBILE SOLUTIONS bankofutah.com/merchant-services The Enterprise - Utah's Business Journal • January 20-26, 2020 • 3 Nav appoints Greg Ott CEO, board member VCBO announces promotions Draper-based Nav, a fi ntech expertise to take the reins at Nav,” Since joining Nav in 2015, Three principals at Salt Lake City’s VCBO Architecture have company that matches business said King. “Greg is an innovative Ott has helped the company raise been promoted to corporate positions within the leadership struc- owners with fi nancing options, has and results-driven leader that as- nearly $90 million in equity capi- ture of the company. appointed Greg sembled a talented and accom- tal and grow revenue, headcount Derek Payne has been appointed president of the 40-year-old Ott as CEO. plished workforce, not just on the and strategic partnerships while general architecture and design fi rm. Payne led the architectural The company’s executive team, but companywide. achieving various milestones, in- design and planning efforts of many signifi cant higher education, board of direc- His superior leadership skills have cluding a partnership with point of sports and urban renewal projects in Utah, including the Meldrum tors said that led the company through several sale solutions provider Clover. Ott Science Center at Westminster College, Holland Centennial Com- Nav co-founder healthy changes to create a more has held various positions within mons at Dixie State University, Wilmington Gardens Mixed Use Levi King has mature, focused and dedicated the Nav management structure. in Sugar House and the football centers at Brigham Young Univer- stepped down company and we look forward to “I am honored to be entrust- sity and the University of Utah. from his role as seeing the propulsion he creates ed with the responsibility of this Greg Ott Vern Latham, a principal architect at VCBO Architecture CEO and has moving forward.” caliber,” said Ott. “Nav’s found- since 2011, has been named vice president. Latham’s signifi cant been named executive chairman of In his role as CEO, Ott will ers created a company that is truly projects include Park City High School and a number of temples the board. assume day-to-day leadership of unique in its ability to revolution- for The Church of Jesus Christ of Latter-Day Saints, most recently “The board and I are confi - the company and will also join ize how small-business owners the Rome, Italy, temple complex. dent in Greg’s proven ability and Nav’s board of directors. navigate and access capital to Jeanne Jackson, a specialist in the design of educational facili- grow their business. I look for- ties, has been named corporate secretary. ward to building upon Nav’s suc- cesses and furthering the compa- ny’s vision of aligning fi nancing Major development announced qualifi cations, predicting needs and facilitating transactions be- Are you feeling eco-guilt? tween data providers, lenders, A new report from Lehi- respondents from the age range of for southwest St. George area partners and small businesses.” based Vivint Solar fi nds that 70 18–34 reported that they felt guilty Plans have been announced Property Services. “We look for- Prior to joining Nav, Ott percent of Americans feel guilty about not recycling. That number for a new commercial develop- ward to introducing a diverse mix- served as vice president of mar- about wasting energy. The feeling, dropped to 66 percent in the 55-and ment in St. George’s southwestern ture of restaurants and retailers to keting for Intuit QuickBooks. tabbed “eco-guilt,” is what people -older age range. neighborhood. Dubbed Commerce energize, strengthen and reinvigo- “Greg is a proven profes- get when they know that they could One of the questions asked in Pointe, the development will con- rate the southwest gateway of the sional in building profi table and and should adjust their habits to be Vivint Solar’s “Guilt Report” was sist of Class A offi ce, retail and en- city.” dynamic businesses,” said Randy more "green." centered on the idea of being infl u- tertainment on a 16-acre site at the Highlighting the new restau- Komisar, partner at Nav stake- The company surveyed a enced by others. It reads: “Do we intersection of South Bluff Street, rant offerings at Commerce Pointe holder Kleiner Perkins and a Nav group of 2,500 participants of vary- feel guilty because we personally Black Ridge Drive and the I-15 in- will be St. George’s second full- board member. ing age and gender throughout the know we should be making bet- terchange. service Chick-fi l-A along with United States. The report includ- ter, greener choices or do we feel Commerce Pointe is being de- Jersey Mike’s Subs, Blaze Pizza, ed questions about climate change guilty because we are being infl u- veloped as a joint venture among LongHorn Steakhouse, Crum- headlines causing stress, whether enced by those we know?” Forty- several St. George owners, in- bl Cookies, Mo Bettah’s Hawai- UTAH’S BUSINESS JOURNAL or not participants felt guilty about nine percent of survey respondents cluding the Layton and Jennings ian Style, Taco Bell and Beans & USPS # 891-300 not recycling, guilt about water us- said that they changed their habits families. JMI Property Services Brews. Go Wireless Verizon will Published weekly by: age and whether participants felt to be more “green” when others will be the project developer and also join the growing tenant list. Enterprise Newspaper Group more guilty about wasting energy were around. manager, JMI Constructors will be “The number of national 825 North 300 West Ste. NE220 due to environmental impact or The majority of survey respon- the general contractor and Colliers credit tenants joining Commerce Salt Lake City, Utah 84103 cost. dents (54 percent) reported feeling International’s St. George offi ce Pointe demonstrates both the eco- 801-533-0556 FAX 801-533-0684 www.slenterprise.com Survey respondents reported stressed when they saw headlines will be the leasing agency. Plans nomic strength of the St. George feeling guilty about wasting energy PUBLISHER & EDITOR about climate change. This number for the venue were unveiled at St. market and the incredible qual- R. George Gregersen in their homes. Overall, there was a went up to 65 percent when asked George Area Economic Develop- ity Commerce Pointe offers com- PRESIDENT trend in which younger survey re- of respondents age 18–34. A higher ment’s annual economic summit panies looking to enter and grow David G. Gregersen spondents felt more eco-guilt than percentage of women (57 percent) “This project has been more market share within Southern [email protected] the group of people in the older age VP/GENERAL SALES MANAGER were also more affected by these than 15 years in the making,” said Utah,” said Troy Scheel, vice pres- Dale Dimond categories. Seventy-fi ve percent of types of headlines. Steve Jennings, president of JMI ident at Colliers International. [email protected] MANAGING EDITOR John M. Rogers [email protected] CONTROLLER Richard Taylor [email protected] OFFICE MANAGER Dionne Halverson [email protected] CLASSIFIED DISPLAY [email protected] CIRCULATION Dionne Halverson [email protected] LIST DEVELOPMENT [email protected] ADVERTISING INQUIRIES [email protected] TO CONTACT NEWSROOM [email protected] ART SUBMISSIONS [email protected]

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Box 11778, Downtown Station Salt Lake City, Utah 84147 4 • January 20-26, 2020 • The Enterprise - Utah's Business Journal Ivanti appoints new CEO, Orem's DoxTek bought by Wisconsin fi rm announces other key hires Naviant Inc., a consulting fi rm in Verona, “For 20 years I have built a company based Wisconsin, that specializes in business automa- on the principles of teamwork, integrity, custom- South Jordan-based Ivanti dustry executives with experience tion with Hyland and Kryton Systems software, er success and continuous improvement,” said has shuffl ed its top executives and at leading global software com- has acquired DoxTek of Orem. DoTek is a busi- Michael Miles, president and CEO of DoxTek. “I added some key hires, the comp- panies have joined Ivanti’s senior ness automation process automation provider am grateful and excited to add our family of cus- any announced in a recent release. leadership team. that also is a licensed reseller of the Hyland prod- tomers and employees to a company in Naviant The fi rm, which produces soft- Jeff Abbott, who most recent- ucts. who share these same values. This focus has pro- ware for IT security, IT service ly served as executive vice presi- “We are very excited to expand our footprint pelled Naviant to be one of the top content ser- and asset management and supply dent and general manager at Infor, and combine DoxTek’s powerful customer base vice and business process automation providers chain management, was formed in has joined Ivanti as president. Mi- and talent with Naviant’s strong commitment to in the industry. The future for us and our custom- January 2017 with the merger of chael McClellan, an operating ex- excellent support and delivery for our clients,” ers has never been brighter.” LANDesk and HEAT Software. ecutive at several Clearlake port- said Michael Carr, president and CEO of Navi- “I personally look forward to welcoming Jim Schaper, most recently folio companies, has joined Ivanti ant. DoxTek clients and staff into our culture and Ivanti’s chairman of the board and as executive vice president and “Hyland fully supports this acquisition and the Naviant community,” said Liz Skolaski, the a 30-plus-year veteran of the soft- chief fi nancial offi cer, while Mary we believe Naviant is a shining example of a company’s executive vice president and chief ware industry, has been appointed Trick, former Infor senior execu- partner that provides exemplary delivery and operating offi cer. “We are excited to deliver on CEO, effective immediately. Ivan- tive vice president, will be Ivanti’s support to their clients.” Carr said. Naviant was our promise of delivering a better experience and ti’s longtime CEO, Steve Daly has executive vice president and chief recently named Top Capture Partner of the Year, a strong culture of support and partnership.” retired but will continue to serve customer offi cer. Commercial Partner of the Year and No. 1 Part- Founded in 2000, DoxTek employs about 25 as a board member. Additional new offi cers at ner in Marketing Excellence by Hyland. people. “Jim is a software private eq- Ivanti include Angie Gunter, for- uity industry pioneer and innova- merly a vice president of market- tor of many software company ing at Infor, who has been hired transformations, including buy- as senior vice president and chief and-builds, and he is the perfect fi t marketing offi cer, and former In- Entertainment center coming to Herriman to lead Ivanti day-to-day as chair- for executive vice president John man and CEO,” said Behdad Egh- Flavin, who becomes senior vice A 48,000-square foot enter- areas in all of Utah,” said Aar- will have a full-service restaurant bali, co-founder and managing president and general manager of tainment and dining development on Osmond, owner and CEO of called The Hive Bistro and Grill partner at Clearlake Capital, the Ivant’s independent business unit, has been announced for Herri- the site that will be called Game which will feature a menu of farm- majority owner of Ivanti. “We are supply chain business unit and li- man. Set to begin construction in Pointe. “The time has come to pro- fresh products. fortunate to have Jim as our part- cense management. early spring and open open in ear- vide our community with access to Game Pointe will be built at ner as Ivanti accelerates growth, Mark Chamberlain, formerly ly 2021, the center will include its own high-quality entertainment the corner of Herriman Main Street drives industry consolidation and vice president of sales operations full-service dining, technically- complex. Our vision for Game and Miller Crossing Drive (ap- develops the premier buy-and- and partner programs at Ivanti and advanced bowling, interactive la- Pointe is simple: the latest in high- proximately 12300 South). Plans build platform in infrastructure recently vice president of fi nance ser tag, virtual reality gaming are- tech recreational attractions for for the site also include a 36-hole software.” at Avetta, has re-joined Ivanti as nas, over 100 arcade games and a your whole family or your busi- miniature golf course and plenty Prior to joining Ivanti, senior vice president of global op- multi-story indoor ropes course. ness team to enjoy quality time to- of seating in front of projection TV Schaper was the founder and CEO erations. “Herriman is one of the fast- gether.” scre ens for relaxation while family of global enterprise software com- “Each member of our new est-growing suburban residential Osmond said the facility members enjoy the gaming. pany Infor. management team has success- “This is an exciting time for fully and directly contributed to Ivanti and I’m truly honored to the growth of other thriving, glob- lead the company,” said Schaper. al enterprise software companies “With its world-class solutions, that drove innovation in their re- talented workforce and the excep- spective industries,” said Schaper. tional backing of Clearlake, Ivanti “Additionally, each has extensive is poised to unify IT departments experience in acquiring and inte- at organizations around the world grating complementary software and I look forward to our contin- companies and solutions. This ued success.” team will help our employees and Ivanti also announced that partners unify and streamline our multiple seasoned technology in- customers’ IT processes.” The Enterprise - Utah's Business Journal • January 20-26, 2020 • 5

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work for Northrop Grumman. In GOED all of its entirety, this really is a from page 1 signifi cant project.” Northrop Grumman is al- the Northrop Grumman team sup- ready the largest security and de- porting the Department of De- fense company in Utah, with its fense’s Ground Based Strategic employees primarily in Bacchus, Deterrent (GBSD) program, the Clearfi eld, Ogden, Promontory replacement for the nation’s cur- and Salt Lake City. rent aging missile defense sys- “We are proud to expand tem, and 8 percent is tied to other our presence in Utah by bring- Northrop Grumman growth. Salt ing new, high-paying jobs to the Lake City will be the site for 176 state,” Greg Manuel, vice presi- of the jobs, with the rest at either dent of ground-based strategic Ogden or at the Falcon Hill Aero- deterrent enterprise at Northrop space Research Park, a U.S. Air Grumman, said in a prepared Force public/private partnership statement. to develop 550 acres with retail, Development near Hill Air hotel, offi ce and restaurant space Force Base’s Roy gate is expect- on the western edge of Hill Air ed to have over 2 million square Force Base. feet of leased space in its fi rst Northrop Grumman in 2018 phase, with additional phases acquired Orbital ATK Inc., which planned. Lease revenues will al- became Northrop Grumman In- low the Air Force to replace ag- novation Systems. Groundbreak- ing World War II-era buildings ing for a new facility, called the on the base and revitalize other Northrop Grumman Roy Innova- infrastructure. tion Center, took place last fall In 2017, Northrop Grum- just south of the Hill Aerospace man was one of two companies Museum, along Hill’s border with awarded a Technology Matura- Roy. tion and Risk Reduction con- Justin McMurray, a Northrop tract for the new GBSD weapon Grumman vice president, said the system program by the U.S. Air follow-on contract for the GBSD Force. The Air Force released a program will run until 2075. Its request for proposals for the next deterrence will come in the form phase of the program in 2019 and of the U.S. being able to shoot announced it expects fi nal award rockets halfway around the world in the third quarter of 2020. and hit their targets. Hart said the Northrop The project will feature “real Grumman project has several rocket scientist jobs and real folks benefi ts for Utah. that are producing that accurate, “Without question, hav- very important work that protects ing Northrop Grumman and our way of life every day,” he told many of their operations related the GOED board. to this program in the state of “We’ve been working on Utah gives us a huge advantage, this [project] a long time,” said I think, when it comes to bring- Ben Hart, GOED deputy director, ing in other businesses that will “but it also represents a signifi - potentially contract with them, cant project that’s going to have a tremendous impact on Northern but also it improves our level of Utah for generations to come. sophistication as a state when it “I don’t mean to overstate comes to being a defense com- this, but if we have a single, most munity. … The other thing that important employer in the state this does for us is it brings a lot of Utah right now, I think it is of talent into the state that we Northrop Grumman. The reason I wouldn’t have otherwise.” say that is because this will bring Theresa Foxley, president their total [Utah] job numbers up and CEO of the Economic De- to closer to about 8,000. But it velopment Corporation of Utah, also represents the fact that here confi rmed the project’s broad im- in the state of Utah we obviously pact. “We have a handful of other are very patriotic, we know what projects that are waiting for this Hill Air Force Base means, but announcement — suppliers that for us to continue to play a role would like to be located in prox- in some of our important missile imity to the prime contractor,” defense programs for the safe- she said. “So I think it will rever- ty of our country is a signifi cant berate for a very long time.” thing. So, on so many levels, this The GOED board meeting announcement is meaningful and also featured the awarding of an it’s impactful. incentive to Procter & Gamble “I made this comment be- over 20 years, tied to the creation fore, but I believe that 20 years of 221 jobs in a $310 million from now, we will look back on expansion of its manufacturing today’s meeting and we will un- plant in Box Elder County. derstand the true signifi cance and “For any economic devel- the impact that this announce- oper anywhere in the world, ei- ment will have, not only for the ther of these two projects would company [and] the community, be incredible,” Foxley noted. “To but the number of smaller busi- have both on the same day is re- nesses that will do supply chain ally terrifi c.” The Enterprise - Utah's Business Journal • January 20-26, 2020 • 7 8 • January 20-26, 2020 • The Enterprise - Utah's Business Journal Industry Briefs

Industry Briefs are provided as Student Loan Hero. Researchers Lake City-based personalized Management and Album VC. degree from a free service to our readers. also ranked Provo among some of healthcare company, has acquired TaxBit launched its consumer the University Company news information may the cities with the fastest-growing Austin Complete Health, product in January 2019 and has of Utah and be sent to brice@slenterprise. student loan debt in the nation, a healthcare practice center in since helped thousands of cryp- a bachelor’s com. The submission deadline is placing No. 12 out of 100 major West Lake Hills, Texas. It is the tocurrency users automate their one week before publication. degree from metro areas. Salt Lake City bor- second acquisition that Forum taxes. The company said it will Utah State rowers’ balance rose an average Health has made in the Austin used the funds raised to further University. ACCOUNTING of 7.3 percent, to $19,219. Ogden area since its June 2019 launch. It enhance its products and acceler- • Tanner LLC, a Salt Lake DiFrancesco, a borrowers’ balances were down is the company’s seventh location ate customer growth, both in the Michael Menssen City-based certified public litigator, focus- 0.7 percent, to $17,448. The U.S. nationwide. The practice is led by United States and internationally accounting firm, has promoted es her complex commercial litiga- median balance is $17,331. Utah Dr. Harry Moore, who has roughly in regions including Canada, UK Jonathan Dudley to partner in tion practice on product liability is last among states for average 40 years of physician experience. and Australia. its Audit and Assurance Services defense. Prior to her legal career, loan debt, at $18,838 per stu- • NewU Venture Partners practice. Dud- DiFrancesco worked as a regis- dent, according to the Institute GP LLC, Salt Lake City, has ley special- INTERNATIONAL tered nurse. She holds a bachelor for College Access & Success. appointed André “Dre” Bennin izes in serving • The application deadline of science degree in nursing and a Details are at https://studentloan- as the fund’s managing partner. companies in is Jan. 24 for Utah’s State Trade hero.com/featured/student-loan- Bennin joins the fund in partner- law degree from the University of manufacturing/ Expansion Program (STEP) balances-increase/. ship with Nick Efstratis and Kent Utah. Menssen, an attorney in the distribution, grants. The state received the Madsen of Epic Ventures LLP litigation group, has experience real estate, con- largest increase in the nation for (EPIC). The trio will lead the in a wide variety of complex cor- sumer products, its STEP grant allocation, with fund’s invest- porate litigation matters, includ- funds, nonprof- $500,000 in grant funding coming Jonathan Dudley ment commit- ing class actions, contract dis- its and technol- to World Trade Center Utah to tee, which is putes, securities litigation, trade ogy-based industries. He joined help Utah small businesses enter Everything for the tasked with secrets, business torts and others. Tanner in 2008 and has been in and expand into global markets. the planning He also has significant experi- public accounting for more than Contractors WTC Utah administers the funds and oversight ence in labor and employment 15 years. Prior to joining Tanner, with a goal to increase the num- of investment matters, including wage and hour, he spent four years with a Big We rent the best ber of Utah businesses export- objectives. discrimination, sexual harassment 4 accounting firm in Salt Lake ing and exploring significant new Bennin has City. He received his bachelor’s trade opportunities. In addition to Andrew Bennin and wrongful termination cases. nearly a decade degree in accounting from the 4343 Century Drive participating in WTC Utah inter- His education includes a bache- of experience in corporate devel- University of Utah and an MBA national trips, trade missions and lor’s degree from Brigham Young Salt Lake City, UT 84123 opment, fund management, opera- from Weber State University. trade shows, Utah companies can University — Idaho. tions leadership and government 801- 262-5761 apply to receive STEP grant fund- • Holland & Hart has ing for just about any costs associ- relations. Prior to joining NUVP, ECONOMIC announced that two of its Utah- www.centuryeq.com ated with growing their business Bennin served as managing direc- based attorneys are among attor- INDICATORS internationally. Awards offered tor of corporate development for neys elected into the firm’s part- • Utah is ranked 32nd among the Strada Education Network, through WTC Utah include indi- nership in Salt Lake City: Phil states in a 2020 list of “Best working as investment lead on vidual grants of $2,000-$3,000 for Harris and Nate Runyan. Har- States for Female Entrepre- several direct minority invest- available activities occurring until ris’ practice focuses on prepar- neurs,” released by FitSmall- ments and fund investments. He Sept. 30, 2020. Qualified recipi- ing and pros- Business.com. Utah was 12th in ents may receive up to $10,000 previously served as senior opera- ecuting U.S. 2019. The company said Utah’s during a STEP award cycle. tions director for the Office of the and foreign rankings drop was attributed to Details are at https://wtcutah.com/ Governor of Indiana. Bennin holds patent appli- its 49th-place “female rights rank- EXPANSIONS growwithgrants/. a bachelor’s degree in molecu- ing” and a 36th overall rank- • Shipley Associates, a lar biology and a jurisprudence cations within ing in “women’s economic and Kaysville-based business con- doctorate from Brigham Young the electrical social well-being.” FitSmallBusi- sulting firm, has opened opera- INVESTMENTS engineering • Carterra Inc., a Salt Lake University. NUVP is a subsid- ness.com ranked the states using tions in Bucharest, Romania. iary of the Corporation of Western and mechani- City-based antibody screening four main metric categories that The office joins Shipley’s global Governors University. Phil Harris cal engineer- and characterization company, encompass both general business operations in 11 other countries, ing arts, among has closed on a $6 million financ- concerns such as startup growth including company headquarters. LAW other areas. He ing round led by Ballast Point and cost of living and gender-spe- The Romania operation currently • Stoel Rives LLP has also handles ex Ventures, based in Tampa, with cific factors such as VC funding employs over 20 professionals, announced that three attorneys in parte and inter including proposal managers, pro- participation from current investor for female entrepreneurs. Colo- its Salt Lake City office — Melanie partes disputes posal writers and graphic design- Telegraph Hill Partners, based rado led the overall rankings. Ala- Clark, Lauren DiFrancesco and at the U.S. Pat- ers. The Romanian team has been in San Francisco and San Diego. bama was in last place. Michael Menssen — are now ent and Trade- • Utah ranks 35th among supporting one of Shipley’s global The company said the funding partners in the firm. Clark, an mark Office, the 42 states and Washington, clients with professional services will support the continued adop- attorney in the real estate group, along with D.C., that are part of the for almost two years. tion of the innovative Carterra has a real Nate Runyan various IP cli- “Healthcare Affordability • Jabz Boxing, an Arizona- LSA high-throughput surface estate prac- ent-counseling activities. Runyan State Policy Scorecard” pro- based female-only boxing studio plasmon resonance (HT-SPR) tice, includ- delivers tax counsel to help clients duced by Altarum’s Healthcare company that features full-body, antibody screening platform and ing acquisition Value Hub. The state’s ranking circuit-style workouts using box- the development of new products and disposition secure the financial health of their results from a combination of ing-inspired exercises, has signed and applications. In addition to of land, proj- companies, focusing on state and factors: continuous increases in a franchise agreement with Megan its Salt Lake City headquarters, ect develop- local tax issues, including prop- high-deductible plans purchased Breinholt Hitt for the Salt Lake the company has customer experi- ment, leasing erty, sales, income and severance ence centers in Dublin, California; tax. His dispute resolution experi- through employer-sponsored City area. She will own the studio Melanie Clark and financing. insurance, failure of policymak- and manage daily operations at Andover, Massachusetts; and She serves ence includes litigating in state ers to combat low-value care, and the location, scheduled to open Munich, Germany. as counsel to and federal courts, mediation, failing to expand Medicaid for so this spring. Hitt has a corporate • TaxBit, a Salt Lake City- developers of arbitration, state and local admin- long. Details are at www.health- background, working previously based cyptocurrency tax auto- mixed-use, istrative tribunals, local boards of carevaluehub.org/affordability- in accounting. Since it began fran- mation software company, has resort and resi- equalization, and lobbies. scorecard/Utah. chising in 2013, Jabz Boxing has raised $5 million in a seed round. dential proj- • Provo residents with stu- now grown more than 20 fran- Investors include TTV Capital, ects, including MEDIA/MARKETING dent debt saw their average bal- chise locations open or in devel- Dragonfly Capital Partners, condominiums • Maria O’Mara, general ance increase 10.3 percent, to opment in Arizona, New Jersey, Collaborative Fund, Winklevoss and vacation $19,760, from 2018 to 2019, Pennsylvania and Delaware. Capital, Valar Ventures, Global Lauren products. She according to a new report from • Forum Health LLC, a Salt Founders Capital, Table DiFrancesco holds a law see BRIEFS next page The Enterprise - Utah's Business Journal • January 20-26, 2020 • 9 Industry Briefs from previous page NONPROFITS City Small Business Development SECURITIES Life Financial in a progression of • Sutherland Institute, Salt Center. The grant will be named • PREP Securities LLC, a leadership roles within its life and Lake City, has announced that the Wendy J. English Grant for Salt Lake City-based broker-dealer annuity distribution company. Prior manager at retired Maj. Gen. Jeff Burton Growth. English served as a judge affiliate of PREP Property Group, to CR Capital, he was vice president KUER (NPR has been added to the organi- of the WEC annual grant competi- has expanded its distribution team at Stira Capital Markets Group. Utah), will zation’s board tion for the past few years and with the addition of several senior The new PREP Securities exter- become execu- of directors. was known for her passion for professionals, and will no lon- nal sales team consists of regional tive director of Burton served supporting small-business owners, ger outsource its sales functions vice presidents Sean Ryan, Kevin the University for more than especially women. She consulted through CR Capital Distributors. Deacy, Nick Brakovich and of Utah’s two three decades and coached people from all lev- PREP Securities manages the sell- associate vice presidents Mike ing group of third-party broker- statewide pub- on active duty els of organizations to leverage Hassel and Michael Tootle. Kevin dealer firms that raise capital for Maria O'Mara lic media out- status, includ- their personal strengths, establish Hull, a veteran industry securities offerings sponsored by PREP lets — KUER ing assign- lawyer and PREP Securities’ for- goals, and develop effective men- Property Group. Joining PREP and PBS Utah — on Feb. 1. As Jeff Burton ments in Africa, mer CEO, remains with the firm tor networks. She also worked Securities from CR Capital are part of the restructuring, Joel Central and with countless business owners to eight industry veterans, three of as its principal financial officer, Meyer, KUER director of pro- South America, the Middle East help them start and grow their whom will join the executive principal operations officer and in- gramming and promotion, will and Europe. He served as a com- companies and achieve entrepre- team: Phil Meserve, chief execu- house counsel. Tim Brennan, vice become station manager and pany commander, battalion execu- neurial success. Applications for tive officer; Adam Dooley, who president of fund management, oversee all programming, opera- tive officer and assistant professor the grant competition are due Jan. serves as president and oversees and Danielle Ball, investor rela- tions, promotion and audience of military science at Brigham 31. Twenty-four women business the sales team; and Sean “Mac” tions manager, remain registered development. Ja’Naye Payne, Young and Utah Valley universi- owner applicants will be selected to McEntegart, senior vice president with PREP Securities, serving in currently KUER’s director of ties. He commanded the 1457th prepare pitches for several panels of national accounts, whose pri- dual roles with PREP Securities development, Engineer Combat Battalion from 2002-2005. In 2007, Burton was of judges. At the conclusion of the mary responsibility is managing and Prep Property Group. becomes assis- and cultivating selling firm rela- tant director of assigned as assistant adjutant conference in mid-April, selected general-Army and commander of applicants will receive grant fund- tions. Meserve has more than 35 TECHNOLOGY/LIFE philanthropy years of experience in the invest- for KUER and the Utah Army National Guard. ing totaling $23,000. SCIENCES ment industry. He had overall • Weave, a Lehi-based com- PBS Utah, Burton attended BYU’s Reserve responsibility for the sales of AXA pany offering a toolbox for ser- working with Officer Training Corps, where RURAL UTAH Equitable’s variable annuities to vice-based businesses, has hired O’Mara and he commissioned in 1984 as the • The Governor’s Office of distinguished military graduate. more than 650 broker-dealers. He Angie Balfour as its first chief Joel Meyer PBS Utah’s Economic Development (GOED) He also has degrees in sociology, also was part of the team that people officer. Balfour previously Alice Webber. board, at its January meet- successfully launched and devel- educational counseling and stra- spent more than O’Mara start- ing, endorsed a pair of $50,000 oped the distribution organiza- tegic studies. Burton retired from five years at ed her career Rural Fast Track grants. York tions for both MetLife Investors service in 2019. Instagram and as a reporter Motorsports Inc., of Vernal in and Fidelity Investments. Dooley Facebook. Most at KUER in Uintah County, was endorsed for most recently was a senior partner BEST theKEPT 1990s. PHILANTHROPY recently, she • Mountain America Credit a grant to help the company pur- of CR Capital Group and previ- Her return ously led MetLife’s wealth man- served as head SECRET IN Union, Sandy, in partnership with chase a vertical machining center to KUER in agement business in Europe and of Instagram Operation Warm presented 500 CNC milling machine and related UTAH.2017 followed the Middle East and served as human resourc- Ja'Naye Payne new winter coats to students at tooling. The $163,000 project is Angie Balfour two decades national sales director overseeing es and director Wire rope is where we Utah Title 1 schools. Mountain expected to result in one new full- in reporting and news manage- all aspects of distribution for the of human resources at Facebook. started. America employees distributed time position. United Soil Science, ment roles at Salt Lake Observer, organization’s life, annuity and Prior to that, she spent over a coats to 400 students at Newman of Delta in Millard County, was DeseretOne Newsof the and largest KSL-TV. shop Thes disability income businesses. He Elementary in Rose Park. An decade at Fairchild Semiconductor UofU inalum the also Intermountain worked in exter- endorsed for a grant to help the began his career with Salomon additional 100 coats will be dis- as a senior global human resourc- nal communicationsWest. Slings madepositions company purchase a fertilizer air- Smith Barney as an investment tributed to Utah children in need es manager and human resources with tothe your university specifications. and Rocky spreader and construct a bulk stor- advisor in the firm’s Private Client at other Title 1 schools. business partner. Balfour received Mountain Power. Prior to joining age facility. The $163,000 project Group. McEntegart has worked in Our staff has over 60 a bachelor’s degree in human KUERyears in 2018, of experience. Meyer was an is expected to result in one new the financial industry for 18 years, executive producer of talk pro- REAL ESTATE full-time position. Both grants had starting his career as a financial resource management from Utah grams and podcasts for WNYC • Inside Real Estate, a been approved by the Governor’s advisor with PRUCO Securities and State University and holds an MBA Studios, WBEZ Chicago and Draper-based real estate software Rural Partnership Board. then working for a decade at Sun from the University of Utah. Slate. Payne joined KUER in company, has hired AJ Canaria 2007 and has played multiple as creative brand ambassador. roles on the development team, Canaria, a real estate photogra- including manager of business pher, will cap- sponsorships and director of ture moments development. from key indus- try events and share the stories We carry more than of Inside Real Estate and its heavy construction partners. He equipment. AJ Canaria previously was the creative Light equipment in director for PlanOmatic, building One in three women in Utah will experience domestic stock. Mixers, saws, national partnerships and photo- violence in their lifetime. pumps, generators, graphing events for some of the biggest brands in real estate. jumping jacks, and What We Do: Making a Di ference: South Valley Services (SVS) I 2,057 Hot Line Calls much more. RECOGNITIONS provides options through I 1,606 Hours of Child Care • The planning commit- counseling, case management, I 1,647 Hours of Case Mgmt. tee of the annual Women’s prevention and shelter to women, I 413 Community Outreach Events Entrepreneurial Conference children and men who have I 1,864 Volunteer Hours (WEC) Grant Competition has experienced domestic violence I 1,472 Hours of Crisis Therapy to live life free from violence. I 14,702 Nights of Safe Shelter www.svsutah.org named the top $5,000 grant award in memory of Wendy J. English, To donate, volunteer, or if you need help, call 801-255-1095. former director of the Brigham 10 • January 20-26, 2020 • The Enterprise - Utah's Business Journal

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Calendar listings are provided Rosenthal, award-winning report- is Shades Brewing, 154 W. Utopia Location is Women’s Business Jan. 30-31 as a free service to our read- er, former physician and author Ave., Salt Lake City. Cost is $5. Center of Utah, 175 E. 400 S., Silicon Slopes Tech Summit ers. Information about upcoming of An American Sickness — How Details are at wtcutah.com. Suite 600, Salt Lake City. Cost is 2020. Event includes keynote events may be sent to brice@ Healthcare Became Big Business $15 (free for clients). Details are presentations, breakout sessions, slenterprise.com. The submission and How You Can Take It Back. at wbcutah.org. deadline is one week before pub- Jan. 24, 5:30-8:30 p.m. entertainment and networking lication. Location is Church & State, 370 RAPS (Regulatory Affairs opportunities. Location is Salt S. 300 E., Salt Lake City. Cost Professionals Society) Utah Jan. 28, 3-5 p.m. Palace Convention Center, 100 Jan. 21, 8-9:30 a.m. is $20. Registration can be com- Chapter Annual Networking “2020 Marketing Trends,” S. West Temple, Salt Lake City. pleted at Eventbrite.com. “State of the Economy for Event. Location is BioFire a Utah Microloan Fund event Cost is $195 for an all-access pass. 2020,” a “Better Your Business” Diagnostics LLC, 515 S. Colorow covering digital marketing, social Details are at siliconslopessum- Breakfast Seminar presented by Jan. 22, 6:30-8 p.m. Drive, Salt Lake City. Free for media marketing and content mar- mit.com. the Utah Department of Workforce “Simple Steps,” a Small members, $5 for nonmembers. keting updates for 2020. Location Services (DWS). Speaker is Business Development Center Details are at raps.org/events. is Utah Microloan Fund, 154 E. Jan. 30, 7:30-9:30 a.m. Mark Knold, DWS chief econ- (SBDC) workshop. Location is the Ford Ave., Suite B, Salt Lake City. Annual Legislative Break- omist. Location is DWS, 5735 Orem/Provo SBDC, Utah Valley Jan. 24, 6-9 p.m. Free. Details are at utahmicroloan- fast, a Utah Technology Council S. Redwood Road, Taylorsville. University, 815 W. 1250 S., Orem. 2020 Business Awards fund.org. event featuring a discussion of Free. RSVPs can be completed by Details are at https://clients.utahs- Banquet, a Davis Chamber of pressing issues with legislators. emailing [email protected]. bdc.org/events.aspx. Commerce event. Location is the Jan. 28, 6-8 p.m. Location is Utah State Capitol, Davis Conference Center, 1651 After-Hours Social, a 350 State St., Salt Lake City. Free. Jan. 21, 8 a.m.-4 p.m. Jan. 23, 8:30 a.m.-4 p.m. N. 700 W., Layton. Details are at Holladay Chamber of Commerce Registration can be completed at “Effective Time Manage- “Supervision: Critical davischamberofcommerce.com. event. Location is Narra Asian Eventbrite.com. ment,” part of the Salt Lake Skills for Effective Leaders,” Bistro, 6550 S. Big Cottonwood Community College Frontline an Employers Council event. Jan. 25, 9-10:30 a.m. Canyon Road, Holladay. Cost Jan. 30, 8:30-10:30 a.m. Leader Workshop Series. Location Location is Employers Council, Legislative Preview 2020, is $12.50. Details are at holla- “ADA and FMLBA: is SLCC’s Westpointe Campus, Utah office, 175 W. 200 S., Suite a Murray Area Chamber of daychamber.com. Briefing for Managers and 1060 N. Flyer Way, Salt Lake 2005, Salt Lake City. Cost is $225. Commerce event. Location is Supervisors,” an Employers City. Cost is $250. Details are at Details are at employerscouncil. Intermountain Medical, Doty Jan. 29, 7:30-8:30 a.m. Council event. Location is https://www.slcc.edu/workforce/ org. Education Center, 5151 S. Coffee Connection, a Employers Council, Utah office, courses/index.aspx. Cottonwood St., Building 6, Holladay Chamber of Commerce 175 W. 200 S., Suite 2005, Salt Jan. 23, 5-7 p.m. Murray. Free, and open to the pub- event. Location is Kokopellis Lake City. Cost is $99. Details are Jan. 21, 11:30 a.m.-1 p.m. Business After Hours, a Salt lic. Details are at murraychamber. Koffee House, 3955 S. Highland at employerscouncil.org. Business Alliance Network- Lake Chamber event. Location is org. Drive, Millcreek. Details are at ing Luncheon, a Davis Chamber HallPass, 153 S. Rio Grande St., holladaychamber.com. Jan. 30, 9-10 a.m. of Commerce event. Location Suite 107, Salt Lake City. Cost Jan. 28, 11 a.m.-1 p.m. “Coffee With Clancy,” a is Boondocks Fun Center, 525 is $10 for members, $15 for non- “Business Women’s Forum: Jan. 29, 11:30 a.m.-1 p.m. Women’s Business Center of Utah Deseret Drive, Kaysville. Free. members. Details are at slcham- Transformational Learning: The “From Daybreak to Deseret event featuring Clancy Stone, No RSVP required. Details are at ber.com. Key to Advancing Your Career Ranch: The Art of Master business advisor for the northern davischamberofcommerce.com. as Women.” Presenter is Susan Planned Communities,” a ULI region for the Women’s Business Jan. 23, 6-9 p.m. R. Madsen, Orin R. Woodbury (Urban Land Institute) Utah Center of Utah, and Meili Myles, Jan. 21, 11:30 a.m.-1 p.m. Annual Vision Dinner, Professor of Leadership and event. Speaker is Don White, vice co-owner of BGR Burgers Grilled Lunch Event, a Holladay a South Jordan Chamber of Ethics at Utah Valley University. president of planning at Deseret Right. Location is Millcreek Chamber of Commerce event. Commerce event. Location is Location is Hilton Garden Inn Salt Ranch and past chair of ULI Utah. Coffee Roasters, 657 Main St., Location is Tandoor Holladay, Bingham High School, 2160 S. Lake City Downtown, 250 W. 600 Location is Zions Bank, Founders Salt Lake City. Free. Details are at 4828 S. Highland Drive, Holladay. Jordan Parkway, South Jordan. S., Salt Lake City. Cost is $27 for Room (18th floor), 1 S. Main St., www.wbcutah.org. Cost is $10.95. Details are at hol- Cost is $60. Details are at south- members, $35 for nonmembers. Salt Lake City. Cost is $35 for ladaychamber.com. jordanchamber.org. Details are at slchamber.com. members, $50 for nonmembers. Jan. 31, 8 a.m.-noon Details are at https://utah.uli.org/ “Going Global — Ready events/. Jan. 22, 8-9:30 a.m. Jan. 23, 6-7 p.m. Jan. 28, 11:30 a.m.-1 p.m. or Not: Media Management in 2020 Athena Leadership a Competitive World,” a Salt “Are We Experiencing a Small Business Development Jan. 29, 12:30-4:30 p.m. Kinder, Gentler National Labor Award Ceremony & Luncheon, Lake Chamber event. Speaker is Center (SBDC) Workshops, “Employment Rules: Key Relations Board?” an Ogden-Weber Chamber of Bill Nixon. Location is the Salt an Employers including “Accounting Clinic,” Utah Laws Employers Must Council event that is part of a Commerce event. Award recipi- Lake Chamber, 175 E. 400 S., “Intellectual Properties” and Know,” an Employers Council five-part Legal Breakfast Briefing ent is Kimberli Green. Location Suite 600, Salt Lake City. “Going “Legal Clinic.” Location is the event. Location is Employers Series. Location is Employers is Timbermine Steakhouse, 1701 Global” workshop costs $99 for Orem/Provo SBDC, Utah Valley Council, Utah office, 175 W. Council, Utah office, 175 W. 200 Park Blvd., Ogden. Cost is $30. members, $149 for nonmem- University, 815 W. 1250 S., Orem. 200 S., Suite 2005, Salt Lake S., Suite 2005, Salt Lake City. Details are at ogdenwebercham- bers. Course fee for “Mastering Details are at https://clients.utahs- City. Cost is $145. Details are at Cost is $99 for this session, $420 ber.com. Media Management” is $350 for bdc.org/events.aspx. employerscouncil.org. for all five sessions. Other ses- members, $550 for nonmembers (includes four workshops during sions are March 25, May 27, Aug. Jan. 24, 7:30-8:30 a.m. Jan. 28, 11:30 a.m.-1 p.m. 26 and Oct. 28. Details are at Jan. 29, 3-5 p.m. 2020). Details are at slchamber. “Eggs & Issues,” a Murray Women in Business, a South “Starting Your Business employerscouncil.org. com. Area Chamber of Commerce Valley Chamber event. Speakers 101,” a Small Business event. Speaker Aimee Winder Vanessa and Nate Quigley, Development Center (SBDC) Feb. 4, 8:30-11 a.m. Jan. 22, 8-9:30 a.m. Newton of the Salt Lake County Chatbooks founders, will discuss event. Location is Salt Lake “Pay the IRS Less Without Chamber Launch, a Salt Council will discuss tax reform. how they built and ran a subscrip- Community College, Room 110, Going to Jail,” a Small Business Lake Chamber event. Location Location is Mimi’s Café, 5300 tion-based photo book service 9750 S. 300 W., Sandy. Details Development Center (SBDC) is Radisson Hotel Salt Lake City S. State St., Murray. Free unless based in Provo. Location is Salt are at https://clients.utahsbdc.org/ event. Location is Salt Lake Downtown, 215 W. South Temple, ordering from the menu. Open Mine Productive Workspace, 7984 events.aspx. Salt Lake City. Free. Details are at to everyone. Details are at mur- S. 1300 E., Sandy. Cost is $20 for Community College, 9750 S. 300 slchamber.com. raychamber.org. members, $25 for nonmembers. W., Sandy. Details are at https:// Jan. 29, 6:30-8 p.m. clients.utahsbdc.org/events.aspx. Registration can be completed at “Simple Steps,” a Small Jan. 22, 5-7 p.m. Jan. 24, 4-5 p.m. Eventbrite.com. Business Development Center “Under the Aspens,” pre- “Business on Tap with (SBDC) workshop. Location is the Feb. 4, 11:30 a.m.-1 p.m. Business Alliance Network- sented by Cambia Grove Utah World Trade Center Utah.” Jan. 28, 3-4:30 p.m. Orem/Provo SBDC, Utah Valley ing Luncheon and hosted by Jennifer Napier- Speaker is Nicole Sherwood of “MasterClass: Professional University, 815 W. 1250 S., Orem. , a Davis Chamber Pearce, editor of The Salt Lake WTC Utah discussing resources Bio & Headshots,” a Women’s Details are at https://clients.utahs- Tribune. Speaker is Elisabeth offered by WTC Utah. Location Business Center of Utah event. bdc.org/events.aspx. see CALENDAR page 15 12 • January 20-26, 2020 • The Enterprise - Utah's Business Journal

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801-375-1000 • cbutah.com The Enterprise - Utah's Business Journal • January 20-26, 2020 • 13

UTAH COUNTY UPDATE SPONSORED BY CENTRAL BANK Orem: Time passes in the blink of an eye

In case you haven’t noticed, of economic activity and invest- door children’s play area and Other businesses — like Outback volunteers and close to $850,000 a lot has happened in Orem dur- ment into our community when it large beautiful lawns for gather- Steak House, Nordstrom Rack, in materials being paid for by ing the past six years. As the is all completed. ings and shows, together with Golden Corral and many of our donations, our Care Tax and mayor of Orem, I would like to The investment was set up beautiful lighted water fountains. car dealerships — are doing the other revenue sources. give an update on a few of these to change the mall from a retail- The old J.C. Penney building same thing. Interestingly, since We also have built a new happenings. only center to a new mixed-use on the east end where Nordstrom the CDA and the mall changeover splash pad for children, a state- In 2014, the Orem City area. The mall buildings and was, has been torn down and went in, Orem’s retail sales tax of-the-art dog park, a new bike Council passed a parking lots com- replaced with a new two-story revenues have gone up by over 35 skills park, two new pickleball Community Dev- prise an area of over RC Willey building. Likewise, percent. court complexes and a new foos- elopment Agreement 100 acres. With the the other old anchor Macey’s Other changes to State Street ball facility. We have also updat- (CDA) with Wood- new investment by building is being torn down and is have also occurred. The unfin- ed most of our playgrounds with bury Corp. for the Woodbury, the mall to be replaced with a new build- ished Midtown Village 8 mixed- new equipment. renovation and expan- has not only refur- ing on the west end. use development has finally We have recently started sion of the University bished retail outlets, The mall interior has been been completed and renamed construction on a new Library Mall. This was a but has also added an refurbished with new LED “Midtown 360.” Over 500 apart- Hall 500-seat auditorium for city post-performance RICHARD office building and lights, new paint and new tile ments have been completed and programs. We are rebuilding the BRUNST tax incentive agree- over 900 apartments. flooring. Many new businesses leased and new retail is flour- dry side of our recreation center ment. The agreement Interestingly, the new have come to the mall, includ- ishing. The empty Kmart build- with family locker rooms, a bas- did not obligate the city to any apartments are leased as soon as ing Trader Joe's, Al’s Sporting ing has been purchased by NPS, ketball gym, racquetball courts, new bonds nor require any new they are finished. Young fami- Goods, Tucanos, Los Hermanos, refinished and opened. exercise rooms and an elevated taxes. What it did do was delay lies, professionals and, yes, even Tepanyaki, Quick Quack Car We have the state’s largest running track. payment of some of the prop- many seniors, including retiree Wash, RC Willey. and fastest-growing university Orem's 1 gig fiber Internet erty taxes after the new buildings couples, like living in this new A new nine-story combina- in Orem. Utah Valley University system will be completed to were built with the caveat that space. These apartments are not tion parking garage on the bot- has grown to over 42,000 part- every home in Orem in the next the money saved had to be put like the ones I lived in while a tom with a multi-story office time and full time students. UVU three years. back into infrastructure within student at BYU. building on the top is set to start has built a new student wellness There is an excitement and the mall neighborhood for the In the process, the University construction this year. Also, a new building; a new classroom build- vibrancy about the future of redevelopment of the area. This Mall changed its name to five-story Marriott Courtyard ing; and the new fine arts facility, Orem. Over 300 new businesses agreement allowed for a $500 University Place. Since the Hotel is planned to begin build- “The Noorda Center.” A new stu- have opened in Orem in the past million investment by Woodbury agreement took place, many great ing later this year. After moving dent apartment complex is being six years. We have rebuilt and to move forward with renovation changes have occurred. A new to the mall, some of the new busi- built on Campus Drive after city repaved most of our roads. We of the mall. 100,000-square-foot office build- nesses have seen their sales go up voters defeated a referendum have put in master plans for State At the time, we had a refer- ing has been constructed with by as much as 30 percent. opposing it. A new multi-million- Street, for our sewer system, for endum started against this agree- a state-of-the-art electronic bill- During the open houses dollar pedestrian bridge is being our water system, for our storm ment. But through four open board out front on the corner where I explained what the CDA constructed over I-15 from the water system, for our roads and houses and information being of University Parkway and State investment would mean to our UTA Frontrunner station to the for our parks and recreation. We given out, the majority of the Street. A new two-story, under- community, I mentioned that it university campus. have purchased three new fire citizens agreed with the council’s ground parking garage has been would lift all ships in Orem — Orem City has been busy engines at close to $850,000 per action and the referendum died built. A new above-ground, four- even to the extent, I said, that updating infrastructure needs and engine and over 70 new police for the lack of signatures. This story parking garage has been the older McDonald's across providing new recreational facili- cars to keep our first responders $500 million investment has had built. The old Mervyns building the street from the city center ties for the city residents. Orem in updated equipment. a triple economic effect which has been torn down and a new would get busier. In fact, that built a new “All Abilities” park will result in over $1.5 billion community park, “The Orchard,” has occurred with that building for disabled youth through the see OREM page 19 being brought into Orem by way has taken its place with an out- being torn down and replaced. combined effort of over 3,500

A children's play area is now part of the revamped University Place in Orem. The former University Mall has totally renovated retail areas, an apartment complex and offi ce space. 14 • January 20-26, 2020 • The Enterprise - Utah's Business Journal Succeeding in Your Business Take note of these tax law changes for 2020 Each year brings new changes to our er benefi ciaries will be able to extend dis- Cuts and Jobs Act of 2017 eliminated the tions on the horizon, there is always the pos- Byzantine tax system, and 2020 is no differ- tributions from the inherited IRA over their miscellaneous itemized expense deduction, sibility of a new tax law, which could result ent, with recent federal and state laws mak- lifetime. Many will instead need to withdraw it eliminated the ability of employees to de- in a more rapid return to pre-2018 levels and ing the tax landscape more challenging than all assets from the inherited IRA within 10 duct home offi ce expenses. However, tax- perhaps even lower exemptions. For this rea- ever for small businesses and their owners. years following the death of the original ac- payers with their own business can still fi le a son, you should discuss with your accountant Here are some count holder. Exceptions to the 10-year dis- Schedule C and take a home-offi ce expense or tax advisor gifting strategies that can be tax law chang- tribution requirement include assets left to a deduction if part of the home is used for that implemented now to reduce the value of your es you need to be surviving spouse, a minor child, a disabled business. State income taxes, property taxes taxable estate. aware of in 2020: or chronically ill individual and benefi ciaries and home mortgage interest allocable to your Mansion Taxes. A growing number of Required who are less than 10 years younger than the business can also be deducted. Such deduc- states are adopting taxes on sales of high-end Minimum Distri- decedent. tions are not subject to the limitations that real property, known as “mansion taxes,” be- butions from Re- Rolling Your Traditional or SEP-IRA apply to individual taxpayers who do not op- ginning in 2020. Effective July 1, 2020, Con- tirement Plans. into a Roth IRA. If you are worried about erate a Schedule C business from their home. necticut will impose an additional 2.25 per- CLIFF Probably the big- ENNICO required minimum distributions or if you Estate and Gift Tax Exemptions. The cent tax on real estate taxes in excess of $2.5 gest federal tax law want to pass your IRA or SEP-IRA on to exemption from federal estate and gift tax- million, while New York has adopted a pro- change last year your heirs free from the 10-year pay-down es increases to $11.58 million in 2020 when gressive mansion tax with a top tax rate of was the Setting Every Community Up for requirement, you should talk to your accoun- the annual infl ation adjustment is taken into 3.9 percent on properties purchased for $25 Retirement Enhancement Act, or SECURE tant about converting your IRA into a Roth account. Amounts over the exemption levels million or more. Act, which Congress passed in late Decem- IRA this year. You will have to pay tax on that do not qualify for either the marital or I am grateful as always to my tax-sav- ber. If you turn 70 1/2 after 2019, you can the amount converted as ordinary income, charitable deduction are taxed at a fl at rate of vy CPA friends John D’Aquila (john@da- now wait until you’re age 72 to start making but subsequent earnings will be free of tax, 40 percent at the federal level. Because the quilallp.com), Margaret (Peg) O’Donnell mandated annual withdrawals from your re- and the decrease in tax rates that became ef- gift and estate tax exemption have been uni- ([email protected]), Russell tirement accounts. If you turned 70 1/2 on or fective in 2019 makes such a conversion fi ed since 2011, this exemption can be used Abrahms ([email protected]), and fi - before Dec. 31, 2019, you are still required less costly than it would have been in previ- during lifetime or at death or some combina- nancial advisor Julie Jason (readers@julieja- to take those mandated annual withdrawals ous years. Of course, this option only makes tion of both. son.com) for their input and support of this now. sense if the tax rates when the money is with- Keep in mind that the 2017 tax that im- column. For anyone who inherited an IRA from drawn from the Roth IRA are anticipated to plemented the new exemption amounts is an original IRA owner who passed away pri- be higher than the tax rates when the tradi- only in effect through 2025. Beginning Jan. Cliff Ennico ([email protected]) is a syn- or to Jan. 1, 2020, no changes to your current tional IRA is converted — a virtual certain- 1, 2026, these exemptions will revert to their dicated columnist, author and former host of the PBS television series “Money Hunt.” distribution schedule are required. However, ty if the Democrats retake Congress in this pre-2018 levels ($5 million indexed for infl a- for situations where the original IRA account year’s election. tion) unless further legislative action makes COPYRIGHT 2020 CLIFFORD R. ENNICO owner passes away after Dec. 31, 2019, few- Home Offi ce Deduction. When the Tax the changes permanent. With the 2020 elec- DISTRIBUTED BY CREATORS.COM

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www.framingestablishment.com The Enterprise - Utah's Business Journal • January 20-26, 2020 • 15 CALENDAR Validation,” a Small Business Feb. 7, 8-10 a.m. Feb. 10, 9:30 a.m.-2 p.m. Workshop Series. Location is Development Center (SBDC) Friday Forum, a Utah Valley Women in Business Day SLCC’s Miller Campus, 9750 S. from page 11 event. Location is the Orem/Provo Chamber event. Location is Utah at the Capitol, a South Valley 300 W., Sandy. Cost is $250. SBDC, Utah Valley University, Valley Convention Center, 220 Chamber Women in Business Details are at https://www.slcc. 815 W. 1250 S., Orem. Details of Commerce event. Location W. Center St., No. 200, Provo. event. Location is Utah State edu/workforce/courses/index. are at https://clients.utahsbdc.org/ aspx. is Boondocks Fun Center, 525 Details are at thechamber.org. Capitol, 350 State St., State Office Deseret Drive, Kaysville. Free. events.aspx. Building Auditorium (first floor), Salt Lake City. Cost is $20 for No RSVP required. Details are at Feb. 7, 8:30 a.m.-3:30 p.m. Feb. 11, 8:30 a.m.-12:30 p.m. davischamberofcommerce.com. Feb. 7, 8-10 a.m. members, $25 for nonmembers. “Coaching Employees: “Investigations in the First Friday Face to Registration can be completed at A Step-By-Step Process,” Workplace,” an Employers Face, a West Jordan Chamber Eventbrite.com. an Employers Council event. Feb. 4, 12:30-4:30 p.m. Council event. Location is “Basic I-9 Compliance,” of Commerce event. Location is Location is Employers Council, Employers Council, Utah office, an Employers Council event. Megaplex Theatres, second floor, Feb. 11, 8 a.m.-4 p.m. Utah office, 175 W. 200 S., Suite Location is Employers Council, The District, 3761 W. Parkway 175 W. 200 S., Suite 2005, Salt “Managing Conflict,” part Plaza Drive, South Jordan. Details Lake City. Cost is $205. Details of the Salt Lake Community Utah office, 175 W. 200 S., Suite see CALENDAR page 17 2005, Salt Lake City. Cost is are at westjordanchamber.com. are at employerscouncil.org. College Frontline Leader $145. Details are at employer- scouncil.org.

Feb. 5, 5-7 p.m. Business After Hours, an Ogden-Weber Chamber of Commerce event. Location is the GOAL Foundation, 2440 Washington Blvd., Ogden. Free for chamber members and first- time guests, $10 for nonmembers. Details are at ogdenwebercham- ber.com.

Feb. 6, 7:30-9 a.m. Morning Speaker Series, an Ogden-Weber Chamber of Commerce event. Location is Weber Center, 2380 Washington Blvd., Ogden. Free for chamber members and first-time guests. Details are at ogdenwebercham- Custom-crafted ber.com. shutters at factory- Feb. 6, 8-9:30 a.m. “The Alarming Truth About Mental Health & direct prices! Addiction at Work,” a South Valley Chamber event. Speaker is James Hadlock, co-founder and chief evangelist at BluNovus. Serving Utah since 1991 Location is Mountain America Corporate Headquarters, 9800 S. Monroe St., Suite 806, Sandy. Free. Registration can be com- Celebrating our 19th year in business, J & J Shutters is pleted at Eventbrite.com. Salt Lake City’s largest shutter manufacturer. Since we

Feb. 6, 8:30 a.m.-4 p.m. CUSTOM are locally owned, we can deliver the personal, world “Supervisory Skills Pro- class service you expect at manufacturer-direct prices. gram,” an Employers Council event over four consecutive No project is too big or too small, and you would be Thursdays. Location is Employers amazed at what a set of J & J Shutters will add to the Council, Utah office, 175 W. 200 S., Suite 2005, Salt Lake ambiance of your home or business. Features include: City. Cost is $740. Details are at I employerscouncil.org. Superior construction for longer shutter life I Even spacing between and around panels Feb. 6, 9-10 a.m. “without bumps” “Coffee With Clancy: Avoiding Common Legal I Double magnets for hassle-free performance Mistakes with Running a Bus- FUNCTION iness,” a Women’s Business I Customized designs for your home or business Center of Utah event featuring I Clancy Stone, business advisor Bi-fold construction options for sliding doors and for the northern region for the goose neck faucets Women’s Business Center of I Utah, and Dana Ball, a former Specialty shapes and sizes for look and function litigation attorney. Location is Athena Beans Coffee House & Bistro, 111 W. 9000 S., Sandy. 866 -210 -1333 Free. Details are at www.wbcu- tah.org. QUALITY www.JandJshutters.com FREE in-home estimates and FREE installation. Call for details! Feb. 7, 8:30-11:30 a.m. “Grow Your Business: Idea 16 • January 20-26, 2020 • The Enterprise - Utah's Business Journal Opinion Once again, government-subsidized projects fail to deliver on promises In June 2018, Pres. Donald Trump the ceremony, Foxconn announced that the Mitchell and Michael Farren did the math A new paper in the Journal of attended the groundbreaking ceremony for factory would ultimately be smaller than and found that “the $3.6 billion in taxes Economic Perspectives by Cailin Slattery a Foxconn factory in Wisconsin. Ever exu- the one initially promised. It would also needed to fund the subsidies will likely of Columbia University and Owen Zidar berant in his comments, he called the proj- be highly automated, with almost all of the decrease Wisconsin’s long-run GDP by of Princeton University looks at state and ect the “eighth wonder of the world” and assembly work done by robots, and would about $20 billion over the 15-year life of local business tax incentives and finds yet “one of the great deals, ever.” only require 3,000 employees — the handout. And this estimate doesn’t again that narrow, firm-specific tax breaks Always a bragger, his praise was 90 percent of them “knowledge include the local, utility infrastructure and aimed at attracting businesses and boost- directed at himself for orchestrat- workers” such as engineers, pro- federal subsidies that total another $1.4 bil- ing employment aren’t the way to go. The ing the use of state subsidies and grammers and designers. There’s lion.” These numbers are harder to sell to study shows that larger, more profitable tax credits to bring the Taiwanese nothing wrong with such a mod- taxpayers than the la-la land ones we hear companies are more likely to get bigger multinational electronics compa- ern factory, except that it’s not about before every big subsidy deal. handouts. The largest deals benefit the ny to Wisconsin for it to manu- what Trump and other govern- Many might have assumed that this recipients, according to their research, but facture high-resolution LCD ment officials thought they were particular deal was going to be a disaster not the overall state economy. Lower- screens. VERONIQUE buying with taxpayers’ money. because it was orchestrated by Trump income states also tend to be more gener- To make this deal happen, de RUGY And what about the and Scott Walker, Wisconsin’s Republican ous with their handouts, only to jack up the the state legislature offered a promised economic growth? Even governor at the time. Yes, it’s true that our cost per job created, sometimes up to as subsidy package of $4.5 billion, mostly under the deal’s original terms, there’s no current president believes in economic much as $400,000 per job. in direct cash payments, and lower-priced way it would have produced much growth. engineering and cronyism — which is This study is only one of many on the land acquired through eminent domain. That’s because, as is often the case, the another way to describe this kind of deal. topic. They all find that these narrowly In exchange, Foxconn promised to create original projections offered by economic Trump has failed elsewhere when trying targeted subsidies don’t work as adver- more than 13,000 middle-class manufac- development consultants only considered to spark growth with subsidies. Take, for tised and are typically counterproductive. turing jobs, a revived manufacturing sector the expected benefits from the subsidies; instance, the Carrier air conditioner plant Unfortunately, a slogan like “subsidized and loads of tax revenue — the combina- the costs were ignored. In the real world, in Indianapolis, which received large state projects aren’t worth the money you pay tion of which was projected to produce however, these subsidies don’t fall from handouts under Trump’s pressure, only to for them” doesn’t make for a great sound economic returns ranging from $39 bil- the sky. Every single cent comes from end up laying off hundreds of workers. But bite at ribbon-cutting ceremonies. lion to $78 billion over the next 15 years. additional taxes paid by actual people. in such matters, many politicians on both If these returns sound like a great deal, When you consider these costs, the eco- sides of the aisle have a similarly lousy Veronique de Rugy is a senior research you’ve been conned. nomic outlook for the project dims quite a record. fellow at the Mercatus Center at George A year and a half after Trump paraded bit. And so, it would be a mistake to Mason University in Fairfax, Virginia. at the site with his golden shovel, the real- In a recent paper on the issue, my assume that this debacle is specific to ity isn’t as bright. First, a few days before Mercatus Center colleagues Matthew Trump or to Foxconn. COPYRIG HT 2020 CREATORS.COM Trump's foreign policy seems impulsive, reckless, unplanned, inconsistent Three months ago, Donald Trump policy is not any specifi c action. The kill- faced a dire situation, hinting of the dan- theft of intellectual property. He raised tar- suddenly withdrew American forces from ing of Soleimani could be justifi ed as a way gers of a regional confl agration. Well, iffs and kept announcing that he would hold northern Syria that were, in part, thwart- to respond to Iranian provocations, but this North Korea continues on its path. In fact, out for a big deal that got at these issues. ing Iran’s efforts to dominate the country, move, like so much of Trump’s foreign pol- Kim recently promised to reveal a “new Then, suddenly, he announced a phase one declaring, “Going into the Middle East is icy, was impulsive, reckless, unplanned and strategic weapon,” which hasn’t elicited agreement that punts on most of them. In- one of the worst decisions ever inconsistent — and as usual, the any concern or even response from Trump. stead, the pact seems to be a familiar “man- made in the history of our coun- chief impact is chaos and confu- Was he hyperventilating then, or is he over- aged trade” deal in which Beijing promises try. It’s like quicksand.” Well, a sion. Trump did not bother to co- ly sanguine now? to buy more American goods. That is pre- few weeks ago, he dramatically ordinate with the government of Or consider China. Trump was right cisely what the Chinese had been willing escalated America’s military en- Iraq, on whose territory the attack to take on Beijing’s illiberal trade prac- to do from the start, making it unclear why gagement in the region, ordering was perpetrated. After the Iraqi tices, and he promised to push the coun- the U.S. had infl icted the pain of tariffs — a strike on Iran’s most important government protested and voiced try to make real reforms — such as end- which are paid for by American consumers. military leader and deploying a desire to have American troops ing or at least reducing its state subsidies to thousands more troops. How to FAREED leave Iraq, he threatened to sanc- ZAKARIA domestic companies, its favorable regula- make sense of this Middle East tion the country and stay put until tory treatment of local businesses, and its see ZAKARIA next page policy? it paid the U.S. billions of dollars It gets more confusing. Around the for an air base. same time that he was urgently withdraw- The result: A policy that could well ing American troops from what he calls have resulted in a marked diminution of the “sand and death” of Syria, Trump sent Iran’s power might well trigger the with- 3,000 additional troops to Saudi Arabia. drawal of American forces from Iraq, which (When asked why, he answered that the has been the chief Iranian objective in the Saudis were paying good money for this de- region for years. ployment.) And just a few weeks after an- This is not an isolated instance. Trump nouncing the Syria withdrawal, he reversed began his policy toward North Korea threat- himself and left some troops in the north, ening “fi re and fury like the world has nev- “only for the oil.” All clear now? er seen” and ridiculing its leader Kim Jong After the killing of Iranian Maj. Gen. Un as “Rocket Man.” Soon he was declar- Qassem Soleimani, Trump warned that ing his unabashed affection for Kim — “we were Iran to attack “any Americans, or fell in love” — and making unprecedented American assets,” he would retaliate “very concessions by meeting with the dictator fast and very hard.” And yet after Iran did three times. Trump kept hoping for a deal attack two American bases, Trump essen- and, despite every indication that Kim was tially did nothing, announcing that Tehran unwilling, kept up his one-sided love affair, “appears to be standing down.” I’m glad minimizing the North Korean regime’s re- Trump chose to deescalate, but that doesn’t cord of almost-unsurpassed brutality and change the fact that he reversed himself yet terror. again. Trump had warned that if North Ko- The problem with Trump”s foreign rea’s trajectory was not halted, the world The Enterprise - Utah's Business Journal • January 20-26, 2020 • 17 CALENDAR are at https://clients.utahsbdc.org/ Feb. 18, 8 a.m.-4 p.m. a Small Business Development Location is Maverik Center, events.aspx. “Managing Conflict,” part Center (SBDC) event. Location 3200 S. Decker Lake Drive, West from page 15 of the Salt Lake Community is Salt Lake Community College, Valley City. Three finalists and Feb. 12, 5:30-7 p.m. College Frontline Leader 9750 S. 300 W., Sandy. Cost is winners in five award categories 2005, Salt Lake City. Cost is Women in Business, Workshop Series. Location is $10. Details are at https://clients. will be announced. Details are $145. Details are at employer- a Murray Area Chamber of SLCC’s Westpointe Campus, utahsbdc.org/events.aspx. at (801) 977-8755 or chamber@ scouncil.org. Commerce event. Speaker is 1060 N. Flyer Way, Salt Lake chamberwest.com. Leta Greene, AKA Hotness. City. Cost is $250. Details are at Feb. 20, 9-10 a.m. Feb. 11, 11:30 a.m.-1 p.m. Location is The Cascades at https://www.slcc.edu/workforce/ “Coffee With Clancy,” a Feb. 20, 6-8 p.m. Lunch Event, a Holladay Riverwalk, 1012 Jordan River courses/index.aspx. Women’s Business Center of Utah “The Ins and Outs of Chamber of Commerce event. Blvd., Midvale. Open to every- event featuring Clancy Stone, Google My Business,” a Small Location is Tandoor Holladay, one (chamber membership not Feb. 18, 11:30 a.m.-1 p.m. business advisor for the northern Business Development Center 4828 S. Highland Drive, required). Cost is $20. Details are Business Alliance Net- region for the Women’s Business (SBDC) event. Location is the Holladay. Cost is $10.95. Details at murraychamber.org. working Luncheon, a Davis Center of Utah. Location is Ritual Orem/Provo SBDC, Utah Valley are at holladaychamber.com. Chamber of Commerce event. Chocolate, 1105 Iron Horse University, 815 W. 1250 S., Feb. 12, 6-8 p.m. Location is Boondocks Fun Drive, Park City. Free. Details are Orem. Details are at https://cli- “Overcoming Resistance to Center, 525 Deseret Drive, at www.wbcutah.org. ents.utahsbdc.org/events.aspx. Feb. 12-March 4, 8 a.m.-noon Change” Workshop, a Silicon “Lean Six Sigma: Green Kaysville. Free. No RSVP Slopes event. Speaker is Ksenia Belt,” a Salt Lake Community required. Details are at davis- Feb. 20, 11:30 a.m.-1 p.m. Feb. 21, 8 a.m.-6 p.m. Bitter, partner at Change One “Multiplying Lasting Pro- 35th Annual Investor’s College Workforce Training chamberofcommerce.com. Consulting. Location is Silicon fitable Relationships,” a West Choice Venture Capital course on Wednesdays to teach Slopes, 2600 W. Executive Jordan Chamber of Commerce Conference, a VentureCapital. waste reduction strategies and Feb. 19, 8:30-11 a.m. Parkway, Suite 140, Lehi. Free. event. Presenter is Clay Neves of org event. Lake City. Luncheon learn process improvement skills “Customers Forever: Details are at siliconslopes.com. Personal Sales Dynamics. keynote speaker is Jon Huntsman using Lean Six Sigma initia- Keep More Customers, Make Location is Mountain America Jr., former Utah governor and tives. Location is SLCC’s Miller More Money,” a Small Business Credit Union, 3065 W. 5400 S., former U.S. ambassador to China Campus, 9750 S. 300 W., Sandy. Feb. 13, 1-3 p.m. Development Center (SBDC) “Bring Some Sanity to Your Taylorsville. Free for members, and Russia. Location is Marriott Cost is $1,450. Details are at event. Location is Salt Lake Health Insurance Renewal: $10 for nonmembers. Details are Downtown at City Creek, 75 https://www.slcc.edu/workforce/ Community College, 9750 S. 300 How to Develop a Winning at westjordanchamber.com. S. West Temple, Salt Event is courses/index.aspx. W., Sandy. Cost is $10. Details Health Plan,” presented by Hays are at https://clients.utahsbdc.org/ preceded by Feb. 20, which Cos. of Utah and designed for events.aspx. Feb. 20, 11:30 a.m.-1 p.m. includes a ski and snowboard Feb. 12, 11:30 a.m.-1:30 p.m. employers who are serious about Annual Athena Award day at Snowbird Ski Resort, “Meet the Money: Funding optimizing recruitment and reten- Ceremony, a Davis Chamber 9385 Snowbird Center Drive, Options for Utah Small Feb. 19 tion while minimizing costs to of Commerce event. Location is Snowbird; and an investor recep- Business,” a Small Business Small Business Develop- build a sustainable health plan. Davis Conference Center, 1651 tion 6-8 p.m. at the Zions Bank Development Center (SBDC) ment Center (SBDC) Work- Speakers are Dave Ross, execu- N. 700 W., Layton. Cost is $20. Founders Room, 1 S. Main St., event. Panelists are Bryce Hansen shops, including “Quickbooks” tive vice president and director Details are at davischamberof- Salt Lake City. Registration can of the Salt Lake SBDC (mod- and “Tax Planning” at 5:30-6:30 of underwriting services at Hays p.m. and “Simple Steps” at 6:30-8 commerce.com. be completed at www.ic-2020. erator), Neely Evanoff of Kiva Cos.; and Erik Templin, employ- eventbrite.com. SLC/Women’s Business Center, p.m. Location is the Orem/Provo ee benefits practice leader at SBDC, Utah Valley University, Feb. 20, 5-8:30 p.m. Brandon Orr of Utah Microloan Hays Cos. Location is Loveland Fund, and David Soper or Rob 815 W. 1250 S., Orem. Details Annual Awards Gala Feb. 22, 9:30 a.m.-4:30 p.m. Living Planet Aquarium, 12033 “Spice Kitchen Incubator: Leonard of Hillcrest Bank. are at https://clients.utahsbdc.org/ 2020, a ChamberWest event. Lone Peak Parkway, Draper. Free. Food Entrepreneur Roundtable Location is Kiln Salt Lake, 26 S. events.aspx. Theme is “Calling All Troops: Details are at (801) 505-6500. 2020,” providing an opportunity Rio Grande St., Suite 2072, Salt Operation ChamberWest.” Hall Lake City. Cost is $5. Details Feb. 20, 8 a.m.-5 p.m. of Fame Award recipient is West Feb. 13, 5:45-10 p.m. Employer Tax Workshop, Valley City Mayor Ron Bigelow. see CALENDAR page 18 2020 Annual Gala & After Party, an Ogden-Weber Chamber ZAKARIA of Commerce event. Location is from previous page Peery’s Egyptian Theater and Ogden Eccles Conference Center, Every day is a great day . . . 2415 Washington Blvd., Ogden. Donald Trump does not have Cost is $100. Details are at ogden- a foreign policy. He has a series weberchamber.com. of impulses — isolationism, uni- MMMM… TASTY WOW lateralism, bellicosity — some of Feb. 14, 7:45-9 a.m. Tuesdays! Wednesdays! them contradictory. One might Women in Business Mondays! surge at any particular moment, Networking, an Ogden-Weber triggered usually by Trump’s Chamber of Commerce event. sense that he might look weak or Location is Weber Center, 2380 TWISTY FRITTER SPRINKLES foolish. They are often unleashed Washington Blvd., Ogden. Free MThursdays! Fridays! Saturdays! without any consultation, and for WIB members. Details are at then his yes men line up to defend ogdenweberchamber.com. him, supporting the president’s every move with North Korean- Feb. 14, 8:30-11:30 a.m. style enthusiasm, no matter how “Grow Your Business: Donuts Brownies Fritters incoherent. Business Foundation,” a Small The United States has made Business Development Center many mistakes in foreign policy. (SBDC) event. Location is the Turnovers Muffins But over the past several decades, Orem/Provo SBDC, Utah Valley it has by and large had a carefully University, 815 W. 1250 S., thought-through process of deci- Orem. Details are at https://cli- Family Owned & Operated sion-making, involving consulta- ents.utahsbdc.org/events.aspx. tion with allies, and tried to main- tain consistency and coherence in 2278 So. Redwood Road its policy. That hard-won reputa- Feb. 14, 11 a.m.-1 p.m. tion is being squandered in arena “Sweet Success: Growing 801-975-6381 after arena around the globe. into a Small Business,” a Women’s Business Center of Utah M-F 5:00 am – 2:30 pm & Sat. 7:00 am – noon Fareed Zakaria’s email address event. Location is Kiln, 26 S. Rio is [email protected]. Grande St., Suite 2072, Salt Lake City. Cost is $35. Details are at with Darla’s Donuts! (c) 2020, Washington Post Writers Group wbcutah.org. 18 • January 20-26, 2020 • The Enterprise - Utah's Business Journal

that haven’t seen it in the past.” for Technology & Venture Commerce event. Location is OUTLOOK Nationally, Spendlove said CALENDAR Commercialization (TVC) and Megaplex Theatres, second floor, from page 1 the economy is “looking good” from page 17 title sponsor Simpson Thacher. The District, 3761 W. Parkway but indicators are providing Keynote speaker is David Bearss, Plaza Drive, South Jordan. Details Utah also stands apart from some mixed signals about what to meet with and learn from food CEO of Tolero Pharmaceuticals. are at westjordanchamber.com. the nation by having strong man- is ahead in 2020. The nation is industry experts on topics related Location is Cleone Peterson ufacturing job growth, he noted. in its longest economic expan- to business startup and scale- Eccles Alumni House, University March 6, 11 a.m. “Utah is anomalous. … We con- sion ever, but the degree of the up. Location is Utah Cultural of Utah, Salt Lake City. Ski Day World Leaders Forum, tinue to see growth in our manu- expansion is “relatively” weak Celebration Center, 1355 W. 3100 is Feb. 29 at a location to be presented by World Trade Center facturing sector. It’s actually one compared to previous recover- S., West Valley City. Cost is $15 announced. Details are at https:// Utah, in partnership with the of our strong sectors. A lot of that ies. for Spice Kitchen participants, eilifesciencessummit.org/. Tanner Humanities Center, and is that manufacturing from other The Dow has topped $20 for the general public. Details featuring Reshma Saujani, found- parts of the country is moving to 29,000. Job creation is averag- are at wbcutah.org. March 3, 9-10:30 a.m. er and CEO of Girls Who Code. Utah, so Utah is really resisting ing about 200,000 per month but “Jump Start: Intro to Location is Kingsbury Hall at the that weakness that we see at the 2019 saw the third-lowest level Feb. 26, 7:30-8:30 a.m. Entrepreneurship,” a Women’s University of Utah. Details to be national level,” he said. for job creation for the decade. Coffee Connection, a Business Center of Utah event. announced. Utah’s 2.4 percent unem- Construction and healthcare Holladay Chamber of Commerce Location is the Women’s Business ployment rate is the nation’s sec- lead sectors in job growth, while event. Location is Coffee Center of Utah, 175 E. 400 S., March 10, 8 a.m.-4 p.m. ond-lowest and tied for the state’s manufacturing has seen weak- & Cocoa, 6556 S. 3000 E., Suite 600, Salt Lake City. Free. “Effective Business Writ- lowest level ever, but it’s con- ness because of uncertainty tied Cottonwood Heights. Details are Details are at wbcutah.org. ing,” part of the Salt Lake stricting business growth. “What to international relations. at holladaychamber.com. Community College Frontline that is showing is we are just tap- “There’s no doubt that we Leader Workshop Series. Offered ping out our labor market. Our are in the late stages of our eco- March 3, 11:30 a.m.-1 p.m. Feb. 26, 8:30 a.m.-12:30 p.m. Business Alliance Network- at SLCC’s Miller Campus, 9750 labor market just keeps getting nomic cycle. Now, the question “Family and Medical Leave ing Luncheon, a Davis Chamber S. 300 W., Sandy; and SLCC’s tighter and tighter. … It’s a dou- is, are we in the very late stages Act Essentials,” an Employers of Commerce event. Location Westpointe Campus, 1060 N. Flyer ble-edged sword, so we are really or just the later stages?” Spend- Council event. Location is is Boondocks Fun Center, 525 Way, Salt Lake City. Cost is $250. suffering from those labor short- love asked. Employers Council, Utah office, Deseret Drive, Kaysville. Free. Details are at https://www.slcc. ages at the state level,” he said. While the national unem- 175 W. 200 S., Suite 2005, Salt No RSVP required. Details are at edu/workforce/courses/index.aspx. The only time the rate was as ployment rate of 3.5 percent is Lake City. Cost is $145. Details davischamberofcommerce.com. low as 2.4 percent was in 2007, a 50-year low, rising unemploy- are at employerscouncil.org. March 10, 9-10 a.m. heading into the Great Reces- ment rates often are signs of March 4, 9-11 a.m. “Coffee With Clancy,” sion. But that lasted only a month coming recessions. a Women’s Business Center of or two before rising, he noted. “If we see a jump from 3.5 Feb. 27, 11:30 a.m.-1 p.m. “Starting Your Business Sandy Peak Awards 2020, Utah event featuring Clancy “I suspect that our economy percent to 4 percent or 4.5 per- 101,” a Small Business a South Valley Chamber/Sandy Stone, business advisor for the is so strong that we may actual- cent, that could be an early in- Development Center (SBDC) City event. Keynote speaker is northern region for the Women’s ly surpass or we may drop below dicator that a recession is on the event. Location is Salt Lake Kristin Cox, executive director Business Center of Utah. Location that low unemployment rate from way,” Spendlove said. “But the Community College, Room 114, of the Utah Governor’s Office is Millcreek Coffee Roasters, 657 2007 or we could hold steady at good thing is, we’re not seeing 9750 S. 300 W., Sandy. Details of Management and Budget. Main St., Salt Lake City. Free. this very low rate, but we are in that right now and we’re not are at https://clients.utahsbdc.org/ Location is Salt Lake Community Details are at www.wbcutah.org. historic times in our labor mar- forecasting to see that.” events.aspx. College’s Miller Campus, Karen ket,” Spendlove said. Inflation remains below Gail Miller Conference Center, In addition to the low unem- the Federal Reserve’s 2 percent March 4, 2-5 p.m. March 10, 10:30 a.m.-8 p.m. Sandy. Details are at southval- Intermountain Growth and ployment rate putting a strain on goal and consumer spending is Utah Valley Job Fair leychamber.com. Ski Conference, an Association companies unable to find enough up despite business investment 2020, a Utah Valley Chamber for Corporate Growth (ACG) workers, Utah also seeing an “ur- contracting during the past two event. Location is Utah Valley Utah event. Keynote speaker is ban/rural divide” when it comes months. GDP growth slowed Feb. 27, 3-4:30 p.m. Convention Center, Exhibit Hall Paul Ahlstrom, managing direc- to labor, he said. in the 2019 third quarter and “Jump Start: Intro to A, 220 W. Center St., No. 200, tor and founder of Alta Ventures. “One of the struggles that should be between 1.5 percent Entrepreneurship,” a Women’s Provo. Details are at thechamber. Location is Marriott City Center, Utah is facing is bringing the and 1.8 percent in 2020. Business Center of Utah event. org. 220 S. State St., Salt Lake City. benefits of the economy to the “If we can’t get more la- Location is the Women’s Business Early-bird cost (before Jan. 20) is entire state, and right now the bor, we can’t grow, and if we Center of Utah, 175 E. 400 S., March 5, 7:30-9 a.m. $225 for members, $325 for non- majority of that benefit is being can’t grow the labor force, then Suite 600, Salt Lake City. Free. Morning Speaker Series, members, $250 for ski conference felt in urbanized areas, along the we’re going to see it having an Details are at wbcutah.org. an Ogden-Weber Chamber of only. Details are at acg.org/utah. Wasatch Front and Washington impact on our overall economic Commerce event. Location is County or Cache County. … We growth,” he said. Feb. 27, 6-7 p.m. Weber Center, 2380 Washington know we’ve got a labor shortage Overall, the nation appears Small Business Develop- Blvd., Ogden. Free for chamber March 12, 11:30 a.m.-1 p.m. Women in Business and we’ve got available labor in to have dodged a bullet on the ment Center (SBDC) Work- members and first-time guests. Luncheon, a Davis Chamber of other parts of the state, and now potential for a near-term reces- shops, including “Legal Clinic,” Details are at ogdenwebercham- Commerce event. Location to be we need to make that connection sion. “It’s still a little early to “Intellectual Properties Clinic” ber.com. and take those jobs where they know for sure,” Spendlove said, and “Accounting Clinic.” announced. Cost is $20 for mem- Location is the Orem/Provo bers, $30 for guests. Details are at can do the most good,” he said. “but the signs are that we may March 5, 8:30 a.m.-12:30 p.m. Another trouble spot in the have pushed that off and we’re SBDC, Utah Valley University, davischamberofcommerce.com. “Compensation: Are Utah economy is that construc- at a much better place.” 815 W. 1250 S., Orem. Details Your Jobs Priced Right?” tion is unable to keep up with Scott Anderson, president are at https://clients.utahsbdc.org/ March 13, 7:45-9 a.m. an Employers Council event. demand for new homes, result- and CEO of Zions Bank, said events.aspx. Women in Business Location is Employers Council, ing in higher home values. The the company plans to have fol- Networking, an Ogden-Weber Utah office, 175 W. 200 S., Suite Utah average dropped to about low-up economic outlook events Feb. 28, 8 a.m.-4:30 p.m. Chamber of Commerce event. 2005, Salt Lake City. Cost is $145. $200,000 after the Great Reces- every six months in order to help “PHR/SPHR Study Pro- Location is Weber Center, 2380 Details are at employerscouncil. sion but now has reached nearly people “make good decisions on grams,” an Employers Council Washington Blvd., Ogden. Free org. $350,000. what we can do individually event over five consecutive for WIB members. Details are at “Great if you own a home, and as businesses in helping our Fridays. Location is Employers ogdenweberchamber.com. not great if you’re trying to buy economy continue to be robust Council, Utah office, 175 W. 200 March 6, 8-10 a.m. your first home,” is how Spend- and helping our communities S., Suite 2005, Salt Lake City. Friday Forum, a Utah Valley March 17, 8:30 a.m.-12:30 p.m. love described the situation. “And move forward.” Cost is $1,695. Details are at Chamber event. Location is Utah “Americans with Disab- that’s one of our biggest struggles “I think this is an interest- employerscouncil.org. Valley Convention Center, 220 ilities Act Essentials,” an in the state, is developing afford- ing period of time,” Anderson W. Center St., No. 200, Provo. Employers Council event. able housing for those first-time said, “because I can’t remember Feb. 28, 9 a.m.-4 p.m. Details are at thechamber.org. Location is Employers Council, homebuyers, those low-income a time when things have been Entrepreneur and Investor Utah office, 175 W. 200 S., Suite homebuyers. We’ve got to be do- going, relatively speaking, so Life Science Summit 2020, March 6, 8-10 a.m. 2005, Salt Lake City. Cost is $145. ing more to bring that promise of well and yet at the same time presented by BioUtah and the First Friday Face to Face, Details are at employerscouncil. home ownership to other groups we’ve had so many challenges.” University of Utah’s Center a West Jordan Chamber of org. 19 • Jan 20-26, 2020 • The Enterprise - Utah's Business Journal Revolutionizing Real Estate! No matter what you are looking for, I can help you nd it! Why Brandon? n Real-time noti cation of new listings and price changes. n One-stop-shop access to ALL agent listings on one convenient website. n Online access to large photos, home tours Brandon Wixom and maps that include Google® Street View. Licensed Commercial & Residential Broker n 801.864.2626 • [email protected] Prompt service and support to help you nd that “just right” property. Start your search today at: SoldByWixom.com

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ending at the Provo Frontrunner OREM station. from page 13 And finally, we have the exciting news of a new temple Over 10 years ago, our val- for The Church of Jesus Christ ley contemplated the addition of of Latter-day Saints to be built a new bus rapid transit system in southwest Orem. This area being built to service the Orem/ is part of 250 acres that Orem Provo area. Through a lot of annexed four years ago. starts and stops and with two So, just in case you blink- referendum efforts against it and ed while passing our great city, two lawsuits against it (all of please come back and visit and which were unsuccessful) and enjoy the wonderful people who losing the funding once on the live here and experience the state level and once on the fed- exciting new look of Orem. eral level (but both being later regained), we are now proud Richard F. Brunst Jr. is the mayor of our completed state-of-the- of Orem. He attended Brigham art “UVX” bus rapid transit Young University and gradu- line. Close to 14,000 people ride ated in 1974 with a degree in the line daily, traveling from political science. He is a former owner of Western Pipe Coaters the Orem Frontrunner station & Engineers Inc., as well as passing UVU, the University Associated Appraisers and Place Mall, BYU, the MTC, the Recycle Technologies. He was Provo South Towne Mall and elected mayor in 2013. 20 · January 20-26, 2020 · The Enterprise - Utah's Business Journal