Business & Labor

Business & Labor
3:54 pm
Thu September 11, 2014

Vail Purchases Park City Mountain Resort for $182.5 Million

Park City Mountain Resort
Park City Mountain Resort

Vail Resorts has purchased Park City Mountain Resort for $182.5 million dollars.

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Business & Labor
6:03 pm
Mon September 8, 2014

Judge Won't Dismiss Lawsuit That Challenges Newspaper Operating Agreement

A federal judge has decided Monday not to dismiss a lawsuit seeking to dismantle a joint operating agreement between the Deseret News and the parent company of the Salt Lake Tribune. 

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Business & Labor
4:29 pm
Fri September 5, 2014

Judge Sets Bond at $17.5 Million for Park City Mountain Resort

Third District Judge Ryan Harris
Pool: Salt Lake Tribune

 

A Third District Court judge has set a bond payment that will allow Park City Mountain Resort to continue to operate for the 2014 - 2015 ski season.

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Business & Labor
3:54 pm
Mon September 1, 2014

Officials Reach Out to Undocumented Immigrants on Labor Day

Mexican Consulate in Salt Lake City
Courtesy photo

The Utah Labor Commission and the Mexican Consulate are using Labor Day to raise awareness about the work rights of immigrants. Elena Bensor is a Public Information Officer for the Utah Labor Commission, and she says many people don’t know that undocumented immigrants have labor rights.

“It is illegal for the employer not to pay the wages that they are owed,” Bensor says. “Also, employees have the right to medical assistance when they do suffer a work-related accident, regardless of their status.”

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Business & Labor
4:44 pm
Wed August 27, 2014

Judge Pushes Back Decision On Park City Mountain Resort Bond Payment

Utah Third District Court Judge Ryan Harris listens to arguments
Pool: Salt Lake Tribune

Third District Court Judge Ryan Harris has decided to wait a week before making a decision on how much it will cost Park City Mountain Resort to continue to operate on land the business no longer leases. 

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Business & Labor
2:50 pm
Thu August 21, 2014

Sen. Mike Lee Criticizes Regulatory Climate at Utah Solutions Summit

Sen. Mike Lee, R-UT
Brian Grimmett

Sen. Mike Lee, R-UT, criticized the United States’ regulatory climate in Salt Lake on Thursday at the Utah Solutions Summit.

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Business & Labor
3:06 pm
Tue August 19, 2014

Utah Reaches 100K Jobs Goal

Gov. Gary Herbert announces that Utah created 112,200 jobs in the last 1000 days.
Brian Grimmett

Governor Gary Herbert says his challenge to create 100,000 jobs in 1,000 days was a huge success.

In his 2012 state of the state address Governor Gary Herbert challenged the private sector to create 100,000 jobs in 1,000 days. The unemployment rate at the time was 5.8%.  Now at the end of the challenge, Herbert says they were actually able to create 112, 200 jobs.

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Business & Labor
5:15 pm
Fri August 15, 2014

Utah Employment Rate On Steady Climb in July

Credit File: Department of Workforce Services

The number of Utahns with non-farm jobs grew by an estimated 3.6 percent in July. That’s equal to nearly 46-thousand jobs. The Utah Department of Workforce Services released its employment numbers for July today Friday.  DWS Chief Economist Carrie Mayne says it’s the highest growth so far this year.

“Our largest job gains were in the construction industry, trade, transportation and utilities and in education services,” says Mayne.

It was another great month for Utah in terms of job growth. Mayne says all 10 private sector industries showed job gains during the period.

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Business & Labor
7:12 pm
Tue August 12, 2014

Drop in Utah Gasoline Prices Lags Notable National Trend

Credit File: Ocalapost.com

Utahns will have to wait to enjoy the rest of the country’s overall downward trend in gasoline prices.

AAA reports Tuesday’s national average of $3.47 per gallon is 18 cents lower than last month. Utah’s price is only 4 cents lower. Randy Shumway is the economic advisor to Zions Bank. He says aside from any major unforeseen global political or economic events, the state will follow its long history of lagging as fuel prices fall nationally.

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Business & Labor
4:35 pm
Fri August 1, 2014

New Restaurant and Live Jazz Venue to Open at The Gateway

Ken Millo says DOPO restaurant will provide an upright bass, piano, and drumset for musicians to perform live jazz six nights a week.
Andrea Smardon KUER

This weekend, one of the original restaurants at The Gateway shopping center in Salt Lake City will serve its last meal. Z’Tejas Southwestern Grill is closing Saturday. While there is a growing list of closures at The Gateway, one restaurant is opening this month that promises a new experience.

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Business & Labor
5:22 pm
Wed July 30, 2014

SL Board of Realtors Positive About "Correction" in 2nd Qtr Home Sales

Graph of 2nd Quarter Single-Family Home Sales in Salt Lake County 2009 to 2014.
Credit File: Salt Lake Board of Realtors

Salt Lake County single-family home sales decreased 9 percent for the second quarter compared to the same period last year. The Salt Lake Board of Realtors reports nearly 33-hundred homes were sold in the county. That was down from a little more than 36-hundred homes last year. Angie Neldon is the current President of the Salt Lake Board of Realtors.

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Business & Labor
5:00 pm
Wed July 30, 2014

Women Hold 65% of Low-Wage Jobs in Utah

Utah women are more than twice as likely as men to work at low-wage jobs. That’s according to a new study released Wednesday from the National Women’s Law Center.

The study shows that about 17% of Utah women work at jobs that pay less than $10.10 an hour, compared to 7.4% of men. Women make up almost two thirds of the low-wage workforce in the state, but Utah is not unique in this way.

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Business & Labor
4:17 pm
Tue July 29, 2014

Utah's Consumer Attitude Index Hits High

Cicero Group CEO Randy Shumway says Utah ranks at or near the top in multiple lists including for being business friendly, a good place to live, best place for upward mobility and lowest unemployment.
Credit Bob Nelson

Utah’s Consumer Attitude Index hit an all-time high from June to July in a survey done for Zions Bank by The Cicero Group. The CAI increased 6.6 points to 104.9 during the period and has improved 19.4 points over the past four months. Randy Shumway is the Chief Executive Officer for Cicero.  He says 34 percent of Utahns surveyed believe their income is going to rise over the next twelve months.

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Business & Labor
5:41 pm
Mon July 28, 2014

Utah Food Bank Dealing with Typical Lean Summer Months

Demand for food from the Utah Food Bank is high while the summer supplies are low. The Summer Business Food and Fund Drive is an attempt fill the need.
Credit File: Utah Food Bank

A number of Utahns are still struggling to get enough food for their families despite overall favorable economic news. Rural Utahns in particular are facing tough times with more than 1 in 5 kids unsure how they getting their next meal. Ginette Bott is the chief development officer for the Utah Food Bank. She says the type of people needing food assistance is changing.

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Business & Labor
1:22 pm
Thu July 24, 2014

Child Poverty on the Rise in Utah

Photo courtesy Community Action Provo

Children in Utah are more likely to be living in poverty today than they were two decades ago. That’s according to new data released from the Annie E. Casey Foundation.

The percentage of Utah children living in poverty rose from 12 percent in 1990 to 15 percent in 2012. That’s a concern for Deputy Director of Voices for Utah Children Terry Haven.

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Business & Labor
5:32 pm
Mon July 21, 2014

Stericycle Another Step Closer to Moving

Proposed incinerator location in Tooele County

Medical waste company Stericycle has cleared another hurdle in its effort to relocate its incinerator from North Salt Lake to Tooele County. The local planning commission approved a conditional use permit for the new facility this month, though two commissioners voted against it.

Stericycle Vice President of Corporate Communications  Jennifer Koenig says the permit is necessary to move forward with a new facility, but it’s only one step among many.

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Business & Labor
7:23 pm
Thu July 17, 2014

SLC Department of Airports Breaks Ground on $1.8 Billion Terminal Redevelopment Program

Current rendering of proposed Terminal Redevelopment Program with complete build out scheduled for 2022.
Credit File: Salt Lake City Department of Airports

The Salt Lake City Department of Airports will break ground Friday on the 1.8 billion dollar Terminal Redevelopment Program. Construction will continue in phases from now through 2019 with complete build out by 2022. Mike Williams is the program director of the massive project. He says there will be many big changes along the way but the effort is going to be well worth it.

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Business & Labor
6:01 pm
Thu July 17, 2014

Park City's Autumn Aloft Returns After 20-Year Pause

Autumn Aloft lasted ten years in Park City in the 1990's and at one time attracted dozens of pilots and nearly 20,000 spectators.
Credit File: Autumn Aloft, Mark Prothro

Park City’s Autumn Aloft Hot Air Balloon Festival is returning after suddenly ending 20 years ago. It will coincide with the final weekend of the Parksilly Sunday Market September 19 through the 21st. Meisha Lawson is the spokeswoman for the festival. She says city leaders, residents and businesses are showing overwhelming support for the return of the event.

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Business & Labor
5:40 pm
Tue July 15, 2014

Investigative Committee Chair on Attorneys General Arrests: System Working

Credit File: Utah State Legislature

The chair of the Legislature’s Special Investigative Committee says he is working on a bill to increase potential use of grand juries in investigations in the wake of the John Swallow and Mark Shurtleff arrests Tuesday. Republican Representative Jim Dunnigan of Taylorsville led the bi-partisan investigation after the US Department of Justice dropped the case. He says a number of potentially helpful parties simply did not respond to subpoenas from the committee.

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Business & Labor
1:12 pm
Thu July 10, 2014

Downtown Alliance Pleased with Retail, Residential Growth

Downtown Salt Lake City
Wikimedia Commons

  Salt Lake City’s Downtown Alliance released its annual report on economic benchmarks today.  It shows retail sales, commercial office space and residential construction are all growing – and people seem to like it.

A statewide survey included in the report shows 70 percent of residents statewide have a positive perception of downtown Salt Lake, and 50 percent say the parking situation has improved.

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Business & Labor
4:38 pm
Wed July 9, 2014

Smith's Food and Drug to Anchor Holladay Major Mall Redevelopment

Rendering of Redevelopment of former Cottonwood Mall
Credit File: Howard Hughes Corporation

Smith’s Food and Drug will be the anchor grocery store for the development at the former Cottonwood Mall in Holladay. Activity at the 57-acre multi-use project stopped at the start of the recession. Marsha Gilford is vice president of public affairs for Smith’s. She says the new 78-thousand square foot store will be built just north of Macy’s and have two levels of below-store parking.

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Business & Labor
4:04 pm
Tue July 8, 2014

Report Finds Shortage of Workers with STEM Skills

A new national report shows that there is a shortage of workers with developed skills in science, technology, engineering, and math (STEM).  The Brookings Institution report analyzed how long job vacancies were posted last year for various occupations. The study’s author Jonathan Rothwell says STEM jobs took the longest to fill everywhere across the country, indicating difficulty finding workers with adequate skills.

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Business & Labor
7:21 pm
Thu July 3, 2014

UTA Off for the 4th but Change Possible Next Year

The 2nd Annual 4th of July Pet Parade kicks off the Art Festival. Highland Drive between Wilmington Ave. and 21st South is closed to autos for the 92 vendors, kids games, special library events all day.
Credit File: Sugar House Facebook page

Thousands of Salt Lake Valley residents will be celebrating Independence Day tomorrow, but they won’t be able to catch a bus or train to get around. The Utah Transit Authority is taking the day off. KUER’s Bob Nelson reports.

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Business & Labor
3:08 pm
Tue July 1, 2014

It's Now Legal to Sell a Utah Liquor License

  Starting today, it’s legal for bar or restaurant owners to sell their liquor licenses in Utah.  KUER’s Dan Bammes reports the change is meant to keep transactions above board.

The Transfer of License Act was passed by the Utah legislature three years ago.  The sponsor was Republican State Senator John Valentine, who says the idea was to stop the under-the-table transactions that often accompanied the sale of a business.

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Business & Labor
2:23 pm
Mon June 30, 2014

Fire Destroys Remnants of Brigham City's Historic Baron Woolen Mills

Google Maps Street View of Historic Baron Woolen Mill site in Brigham City, Utah, June 2013
Credit File: Google Maps

A small group of firefighters is still working on one remaining hotspot at Brigham City’s Historic Baron Woolen Mills Monday afternoon. Rick Bosworth, spokesman for Brigham City says the fire started around 9 pm Sunday in a newer area of the abandoned factory and spread to the larger brick structure. He says crews came in from surrounding cities to battle the fire.

“We had Brigham, Willard, Honeyville, Corinne and Tremonton all at the site,” says Bosworth.

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Business & Labor
7:52 am
Wed June 25, 2014

Salt Lake Tribune Supporters Take Their Case to DC

A small group concerned about the future of The Salt Lake Tribune is in Washington, DC hoping to catch the attention of congressional lawmakers and officials at the Justice Department.  

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Business & Labor
4:43 pm
Tue June 24, 2014

DABC Approves Snowbird’s Oktoberfest Liquor Permit

Snowbird

There will be beer at Snowbird’s Oktoberfest after all. Commissioners with the Utah Department of Alcoholic Beverage Control approved a single-event permit for the festival Tuesday, but the discussion around Utah’s liquor laws is not over. 

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Business & Labor
3:06 pm
Mon June 23, 2014

Department of Labor to Help Uranium Workers File Claims in Moab

A uranium mill tailings pile near Moab, Utah.
Wikipedia

The US Department of Labor is holding town hall meetings in Moab this week to help uranium workers who may be eligible for compensation and medical benefits.

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Business & Labor
1:31 am
Tue June 17, 2014

Utah Newspaper Project Files Lawsuit in Federal Court

The Utah Newspaper Project filed a lawsuit today in federal court against the Deseret News and Digital First Media, the parent company of the Salt Lake Tribune. They contend that the joint operating agreement shared by both newspapers violates federal law.

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Business & Labor
3:05 pm
Mon June 16, 2014

Legislature Questions DABC About Permitting Changes

Snowbird

Members of the Utah legislature questioned the director of the Department of Alcoholic Beverage Control Monday over the board’s decision to change the way they review single event permit applications.

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