www.slenterprise.com June 3-9, 2013 Volume 42, Number 42 $1.50 INSIDE Moving or standing still? Demographer warns of effects of declining Jeffrey Gitomer asks if your busi- ness in in the mobile world. pg. 11 role of the family on business activity Consumer confidence rising “Of course, here in Utah, you could say, “If you expect people to work with virtually Brice Wallace Local and national indexes show ‘We gave at the offi ce.’ And if the U.S. was no vacation [and] very little free time, then similar results. pg. 3 The Enterprise demographically like Utah, then we prob- you have to ask yourself, why would they ably would be worried about overpopula- have kids? … Fundamentally, people are Real Estate Lists updated A worldwide decline in families in the tion,” he said. “But the situation is quite the being given the choice between career and • Top Commercial Property future will lead to changes in workforce de- opposite.” family, and that, I think, is part of the prob- Management Firms. pg. 12 cisions, fewer consumers and evolving mar- Kotkin, author of The Next Hundred lem.” • Top Commercial Real Estate kets, according to demographer and author Million: America in 2050, said families re- Traditionally, people are motivated to Firms. pg. 13 Joel Kotkin. main a central in- see ZIONS pg. 16 Virtually all ad- "The idea that we can work stitution but are vanced industrial coun- 24/7 at the expense of every- becoming less im- tries, including the thing, I think at some point it portant for a va- Salt Lake software United States, are ex- begins to bite back." riety of reasons. Business Calendar periencing a reduction They include a de- pg. 6 in the role of the fam- cline in traditional firm now supplying ily, Kotkin told the crowd at the Zions Bank religious belief, an urbanizing world, rising Real Estate Section Trade & Business Conference. Global pop- housing costs and people simply choosing military investigators pgs. 17-19 ulation growth is slipping “fairly signifi - to have fewer children. cantly. Once at 8 percent, it’s down to close “Here’s where business has to take a John M. Rogers Industry News Briefs to 2 percent, and that is unusual in a world little bit of a hit: The idea that we can work The Enterprise pg. 8 not experiencing war or plague, he said. 24/7 at the expense of everything, I think at some point it begins to bite back,” he said. Software designed to receive and man- age anonymous crime tips and developed by a Draper company is now in use by two of the three major United States military in- vestigative services. TipSoft, an online and mobile program for information and intel- ligence gathering, is a product of PublicEn- gines Inc. “TipsSoft has long been a staple of law enforcement information gathering,” said William Kilmer, CEO of PublicEngines. “We are honored with our role in helping to keep our military men and women and their families safe,” he said. Although the com- pany declined to identify the two specifi c branches of the military that use its software, only the Army, Woodside Homes has unveiled eight fl oor plans ranging up to 2,021 square feet available in its new Navy and Air Force main- residential development called Stonehaven in North Salt Lake. tain investigative servic- es. Now in use by Woodside Homes begins work TipSoft allows orga- the military, nizations to receive and TipSoft allows manage anonymous tips anonymous at new No. Salt Lake community through the Web, small crime reporting by mobile app. Woodside Homes has begun develop- portunity to create a home that best refl ects message service (SMS), ment on its latest community of homes in their personal style, as they can choose from or mobile platforms such the Foxboro North master-planned commu- a range of options carefully selected by pro- as iOS and Android devices. It is one of nity in North Salt Lake. The single-family fessional interior designers to match indi- several products from PublicEngines, a pro- home project will be called Stonehaven. vidual tastes. vider of cloud-based products that facilitate Stonehaven will offer eight fl oor plans Stonehaven’s residences will boast crime analysis, supply actionable intelli- that range from 1,425 to 2,021 square feet. green features that save energy and reduce gence and increase community engagement All are two-story designs that include a utility bills. The combination of R-19 rated for law enforcement, schools and govern- great room, a laundry room and up to four walls, R-38 rated ceilings and Low-E vinyl ments. bedrooms and three baths. New fl oor plans windows will help keep interior tempera- TipSoft enables the investigation orga- are available that feature upgraded kitchens tures comfortable while reducing energy nizations of the military to receive anony- with freestanding, stainless steel oven rang- consumption. Every residence also comes mous information on criminal or terrorist es; large islands; and granite or solid surface equipped with high-effi ciency water heat- activities, as well to learn about illegal or countertops. ers, water-saving plumbing fi xtures and 90 dangerous activity whether it is occurring Woodside will offer buyers its Better By on-base, in the general vicinity of the base, Design process, which gives buyers the op- see WOODSIDE pg. 16 see TIPSOFT pg. 16 2 · June 3-9, 2013 · The Enterprise - Utah's Business Journal Utah again tops nation for economic outlook For the sixth consecutive year, fi rst in economic outlook, a fore- (tort litigation treatment and judi- economic performance, Utah fi n- absolute domestic migration, and Utah has topped all states for eco- cast based on 15 state policy vari- cial impartiality), ninth; and aver- ished third, behind Texas and Ne- third in non-farm payroll. The nomic outlook, according to a re- ables. Below Utah in the top fi ve age workers’ compensation costs vada. That is a backward-looking worst state in that ranking was port issued by the American Legis- are North Dakota, South Dakota, per $100 of payroll, sixth. measure. Utah was sixth in state see RICH STATE pg. 16 lative Exchange Council (ALEC). Wyoming and Virginia. The worst In the report’s other measure, gross domestic product, 17th in The “Rich States, Poor ranking belongs to Vermont, fol- States” ALEC-Laffer State Eco- lowed by New York, Illinois, Cali- nomic Competitiveness Index re- fornia and Minnesota. views fi scal policies that contrib- Among the policy variables in Speaker suggests Afghan investing ute to economic growth, compared which Utah was highly ranked was Companies considering in- vice president of international news media coverage, “are very, to policies that detract from that personal income tax progressivity vesting in foreign operations have business development at Capital- very far from the truth,” she said. growth. (change in tax liability per $1,000 a prime location fl ying under the ize. Speaking at the Zions Bank “There has been a tremendous Since the fi rst index was con- of income), in which Utah was sec- radar: Afghanistan. Trade & Business Conference, change, and we Americans are re- ducted in 2008, Utah has fi nished ond; a state liability system survey So says Leslie M. Schweitzer, Schweitzer said several countries sponsible for that. We need to un- have invested in Afghanistan in re- derstand that there is a dimension cent years, but risk-averse Ameri- to Afghanistan that is much deep- can companies have been hesitant er than what you read on the front St. Regis resort arranges new financing package to do so. pages of the newspaper,” said Sch- St. Regis resort, located in mezzanine and condominium in- nature restaurant (J&G Grill) and Other countries have built ho- weitzer, who is the chairman and Deer Valley, has acquired $59.5 ventory facilities were structured a private Deer Crest Club offering tels, wireless technology and soft president of the Friends of Amer- million in new fi nancing arranged to allow for periodic principal pay- private lounge areas and lockers drink bottling plants, but opportu- ican University of Afghanistan by Sonnenblick-Eichner Co. of downs over the loan term with no for its members. nities abound in lithium, gold, oil, Foundation and member of the Beverly Hill, Calif. prepayment premiums. Sonnen- David Sonnenblick, a princi- natural gas, iron ore and copper, board of trustees of the American The fi nancing, which was blick-Eichner also arranged the pal of Sonnenblick-Eichner, com- she said. University of Afghanistan. provided by a major life insurance $212.5 million construction loan mented, “We were able to structure “We need get some Utah and Progress made in Afghanistan company, was comprised of three for the property in 2007. a long term fi xed rate fi nancing Idaho companies in there to help over the past 12 years is due pri- separate loans: a 10-year fi xed rate St. Regis is located on the program that allows [St. Regis] to with this exploration, and there is marily to the U.S., she said. What mortgage with 30 year amortiza- mountain at the Deer Valley Ski execute its business plan of sell- a tremendous amount of wealth once was a country caught in a tion, secured by the hotel opera- Resort, providing ski-in, ski-out ing the remaining condominium there which will certainly change “confl ict trap” of 30-plus years of tions and common areas of the re- amenities at its world class desti- and private residence inventory. the nature of this country,” Sch- wars and unrest has been trans- sort; a 10-year fi xed rate, interest nation.