Business & Labor

Business & Labor
7:30 am
Wed May 14, 2014

Lieberman Scheduled to Speak in Salt Lake City

Courtesy of Joe Lieberman

Joe Lieberman left the U.S. Senate last year after representing the state of Connecticut on Capitol Hill for more than two decades.  During that time he served as chairman of the Senate Homeland Security Committee and on the Small Business and Entrepreneurship Committee.  Lieberman will be in Salt Lake City next week speaking at Zions Bank's 13th annual Trade and Business Conference.  KUER's Terry Gildea talked with the former Senator and Vice Presidential candidate about Utah’s economy and the state’s role as an international trade partner.

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Business & Labor
4:47 pm
Thu May 8, 2014

Remembering Chinese Laborers 145 Years Later

Chinese railroad workers

It’s been 145 years since the ceremonial “driving of the Golden Spike” connected the Union and Central Pacific railroads at Promontory Summit in Utah. In this year’s commemoration, the role of Chinese laborers in building the transcontinental railroad will be recognized and celebrated.

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Business & Labor
5:38 pm
Mon May 5, 2014

FDA Set to Regulate E-Cigarettes

Gloriaricardi via Wikimedia Commons

The U.S. Food and Drug Administration is prepared to start regulating electronic cigarettes. But advocates say the proposal would be detrimental to consumers and businesses.

The FDA’s plan is to classify electronic cigarettes, a personal vaporizer that delivers nicotine as a tobacco product. This means merchants will be banned from touting the devices as a safer alternative to traditional combustible cigarettes.

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Business & Labor
2:43 pm
Mon May 5, 2014

Utah's Golf Industry Provides Larger Economic Impact Than Previously Thought

Tord Sollie, Flickr

As Governor Herbert declares May Utah Golf Month a new report also shows the industry has a larger than expected impact on the state’s economy.

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Business & Labor
5:20 pm
Fri May 2, 2014

Deseret News Refuses to Run Utah Newspaper Project Ad

A group concerned about the future of the Salt Lake Tribune submitted an ad to both of the city’s daily newspapers to run on Saturday morning. But readers won’t see it in the Deseret News. 

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Business & Labor
3:55 pm
Thu May 1, 2014

Utah's Bike Friendly Ranking is in the Nation's Top 10 for the First Time

Utah is ranked #8 most bike-friendly in the nation and #4 in the region.
Credit File: League of American Bicyclists Screen Shot

Utah’s bicycle-friendly ranking is in the top ten in the nation for the first time ever. The League of American Bicyclists traditionally marks the beginning of National Bike Month by releasing its rankings. Utah moved to #8 compared to 2013’s #14 ranking. Each state gets a ranking based on a level of achievement in the 5 “E’s”; engineering, education, encouragement, enforcement and evaluation.

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Business & Labor
5:27 pm
Wed April 30, 2014

Alliant Techsystems Spins Off Sporting Group in Deal with Orbital Sciences

Credit File: Bill Ingalls/NASA, via Associated Press

Alliant Techsystems announced it is merging the majority of its holdings with Orbital Sciences. The company is best known in Utah as ATK with operations in Magna, Clearfield and Promontory. A company press release says the 1-point-seven billion dollar deal involves spinning off the parent company’s Sporting Group.

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Business & Labor
5:03 pm
Wed April 30, 2014

Private Company Offers Plan to Overhaul UTOPIA Network

The struggling fiber optic network UTOPIA may be partnering with a private company to offer high speed internet access to every home in the 11 participating Utah cities where it operates.  Australian investment firm Macquerie Capital has released a proposal to fund UTOPIA’s overhaul. It would require city-wide utility fees from every household in the network.

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Business & Labor
2:08 pm
Tue April 29, 2014

Zions Bank Consumer Attitude Index Hits All-Time High Mark

Cicero Group CEO Randy Shumway points to Utah's possible #1 Ranking for economic growth in the nation by year's end.
Credit Bob Nelson

The monthly Consumer Attitude Index from Zions Bank increased by 3.7 percent from March to April. The Wasatch Front Consumer Price Index also rose by 0.7 percent. The Cicero Group conducts the research for Zions. Cicero’s CEO Randy Shumway says while the improving attitude index is causing some concerns about inflation, the state is not close to any real problem with that. He says crossing this attitude index milestone puts the state economy on track to be running on all cylinders by the end of the year.

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Business & Labor
2:41 pm
Wed April 23, 2014

New Study has Utah 3rd Lowest in the Nation for Women CEO's

Utah Women and Leadership Project from Utah Valley University
Credit File: Utah Valley University

The number of Utah women in CEO or corporate board positions is the 3rd lowest in the nation. The findings released Wednesday are from a Utah Valley University study titled “The Status of Women Leaders in Utah Business.” The report shows of the 228 companies surveyed, only 4.8 percent (11) have female chief executive officers compared to 95.2 percent (217) male CEO’s. That’s nearly 10 percent lower than national figures for women in business.

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Business & Labor
4:02 pm
Fri April 18, 2014

SLC Leaders Leary of New Taxicab Alternatives

Uber.com Homepage
uber.com

A taxicab alternative e-travelers hail with a smartphone app will be available in Salt Lake City starting at seven o’clock tonight. Two companies called Uber and Lyft have announced plans to expand here, but city officials say the companies must first comply with safety and fair business rules.

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Business & Labor
2:23 pm
Fri April 18, 2014

Utah's Unemployment Rate Ticks Up, But It Isn't A Bad Sign

Main Street Salt Lake City
Photo Dean via Flickr

Utah’s unemployment rate for March ticked slightly up from February to 4.1% but that isn't necessarily a bad sign. The rate increased two tenths of a percent from February’s unemployment rate of 3.9%. But Utah Department of Workforce Services Economist Mark Knold says it’s actually a sign that Utah’s economy is improving.

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Business & Labor
4:46 pm
Thu April 17, 2014

Utah Payday Loan Rates Among Highest in Nation

Utah has some of the highest payday lending rates in the nation. That’s according to a new report released this week from the Pew Charitable Trusts. The research indicates that a state’s limit on interest rates is the key factor driving loan pricing. Utah is one of seven states where there is no legal limit.

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Business & Labor
3:32 pm
Tue April 8, 2014

Mining Mogul Funds New Entrepreneur Center at the U

Lassonde Studios rendering

A new building for the next generation of entrepreneurs is coming to the University of Utah. The Lassonde Entrepreneur Institute announced today a 12 million dollar gift from Pierre Lassonde. Mr. Lassonde, a French Canadian mining entrepreneur with an MBA from the U, says his donation will be used to create a new facility where students will live, create, and launch new enterprises.

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Business & Labor
2:50 pm
Wed April 2, 2014

"Utah's Own" Offerings Featured at Governor's Annual Economic Summit

Credit File: Utah Department of Agricultre and Food

The “Utah’s Own” line of locally generated products are going to be a prominent feature at the 8th Annual Governor’s Economic Summit Conference opening Thursday in downtown Salt Lake City. The unique public/private effort to promote the Utah brand is run through the Utah Department of Agriculture and Food.  Jed Christenson is the director of marketing and economic development at Utah’s Own. He says their recent poll of 150 members shows an average increase of almost four jobs per company through the recession.

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Business & Labor
2:22 pm
Wed April 2, 2014

Market Street Broiler and Oyster Bar Near U Closes

A restaurant near the University of Utah has closed, and a liquor license may be opening up. The Market Street Broiler shut its doors Monday, though it had only recently opened an oyster bar upstairs with a newly granted club license.

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Business & Labor
3:58 pm
Thu March 27, 2014

Utah State Fair Under-Attended and Over-Subsidized

The Utah State Fair

The Utah State Fair is underperforming according to a new report by the Office of the Utah State AuditorThe limited performance audit compared the Utah State Fair with several other state fairs around the country.  It specifically focused on similar fairs held in Arizona, Idaho, and New Mexico. David Pulsipher is the performance audit director.

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Business & Labor
3:24 pm
Thu March 27, 2014

Rocky Mountain Power Plans Two Megawatt Utah Solar Farm

Typical Solar Panel Farm
Credit File: Rocky Mountain Power

Plans were announced Wednesday for the first utility-scale solar project by Rocky Mountain Power. The 9,000-panel solar farm in Utah will produce enough power to supply 500 homes. Paul Murphy is the company’s spokesperson. He says Rocky Mountain Power is responding to the trend of increased customer desire for renewable energy and tax incentives being offered to keep the initial company investment down.

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Business & Labor
3:56 pm
Wed March 26, 2014

Vail Resorts CEO Stokes Park City Mountain Resort Conflict

Park City Mountain Resort

The dispute over Park City Mountain Resort’s lease of land from Talisker Land Holdings, LLC has left the boardroom and spilled into the public domain.

Vail Resorts is now representing Talisker in the dispute after signing a long-term deal to operate the Talisker owned Canyons resort. Talisker has also offered to lease the land where Park City Mountain Resort now sits to Vail if and when 3rd district court judge Ryan Harris decides that PCMR failed to renew their lease with Talisker before it expired in 2011.

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Business & Labor
4:52 pm
Mon March 24, 2014

Impact Hub Salt Lake Opens in Temporary Space

Artist rendering of Impact HUB Salt Lake's facade

Salt Lake City is officially the home of the first Impact Hub in Utah. The HUB concept – which brings together social innovators and entrepreneurs - started in London and is now a global network spanning five continents. The space in Salt Lake isn’t ready yet, but organizers have a temporary space in the meantime. They call it a Pop-up HUB.

An Impact HUB is a place for innovators to do their work, but the marketing and operations director for HUB Salt Lake Ryan Chatterton will tell you, it’s more than that.

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Business & Labor
2:50 pm
Fri March 21, 2014

Utah February Job Growth Up with Steady Unemployment

Graphic of percent and estimated job numbers for February in Utah.
Credit U.S. Bureau of Labor Statistics

Utah’s employment numbers for February keep the state among the top five in the country with the lowest unemployment rate. The non-farm payroll employment grew by an estimated two and a half percent adding 32,200 jobs compared to the same month last year. Construction jobs had the highest single increase at 6.2 percent with 4100 new jobs. Carrie Mayne is the Chief Economist with the Department of Workforce Services. She says weather helped add builders to the workforce but construction is still a long way from reaching pre-recession levels.

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Business & Labor
10:22 pm
Wed March 19, 2014

Ski Industry Coalition Presents “One Wasatch” Concept

Ski Utah President Nathan Rafferty presents the "One Wasatch" concept along with general managers from seven ski resorts.
Andrea Smardon

Utah’s ski industry leaders want to connect seven ski resorts in the Wasatch mountains. Ski Utah held a press conference Wednesday along with the general managers from the resorts to outline the interconnect concept.

Ski Utah President Nathan Rafferty says it’s not a specific plan yet, but a concept. They call it One Wasatch, and the goal is to create the most efficient and enjoyable interconnected mountain resort ski experience in North America.

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Business & Labor
6:42 am
Fri March 14, 2014

The Draw at Sugarhouse Project Has Light at the End of the Tunnel

L-R: Juan Arce-Larreta of Parley's Rails, Trails and Tunnels, Project Manager Walt Gilmore of SLCO Parks and Recreation, and Artist Patricia Johanson standing at the west end of "The Draw" facing Hidden Hollow.
Credit Bob Nelson

The thousands of commuters through Sugarhouse everyday may only be aware of the project called  'The Draw at Sugarhouse " due to traffic slowdowns on 1300 East. But on June 6th the traffic will once again flow freely when the tunnel between Sugarhouse Park and Hidden Hollow west of 13th is scheduled to officially open. New York artist and engineer Patricia Johanson dropped in to check on the progress Thursday. She won the design competition for the project 11 years ago.

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Business & Labor
2:54 pm
Wed March 5, 2014

Legislature Cracks Down on Payday Lenders

A bill imposing new restrictions on payday lenders in Utah passed a crucial vote in the Utah Senate today. HB127 requires payday lenders to disclose the terms of their consumer loans, including the typically high interest rates, before a contract is signed. And the Lenders won’t be allowed to pick the courts where they file lawsuits against borrowers who default either.

Sen. John Valentine, R-Orem, cited the example of a payday lender in St. George.

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Business & Labor
2:37 pm
Wed March 5, 2014

Salt Lake Bees Home Stadium Gets a New Name

Salt Lake City Mayor Ralph Becker, Miller Group of Companies CEO Greg Miller, and Smith's President Jay Cummins
Brian Grimmett

The Salt Lake Bees Triple-A baseball team isn’t getting a new stadium, but it will have a different name starting this year.

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Business & Labor
3:48 pm
Tue March 4, 2014

Convention Hotel Bill Passes House

The possibility of a new convention hotel in Salt Lake City is one step closer to becoming a reality. The Utah House of Representatives passed a bill on Tuesday that would provide tax incentives for a private developer to build the hotel.  

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Business & Labor
2:32 pm
Tue March 4, 2014

June Construction Set for Canyon Country Discovery Center in Monticello

Artist's rendering of planned Canyon Country Discovery Center in Monticello, Utah.
Credit File: Canyon Country Discovery Center Campaign

The Four Corners School in Monticello has announced they’ll start construction on the new $8.5 million Canyon Country Discovery Center Campus in June. Janet Ross, the executive director of the school, says it’s the realization of a dream that began in 2002.

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Business & Labor
2:49 pm
Mon March 3, 2014

GOED Launches New Website with Expanded Features and New Design

Part of the new design of the Governor's Office of Economic Development website.
Credit File: Governor's Office of Economic Development

The Governor’s Office of Economic Development, or GOED put its newly redesigned website on line today Monday. Michael Sullivan is the communications director for GOED. He says the new Business.Utah.Gov answers a request by businesses and the legislature for more transparency in the operation of the office.

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Business & Labor
7:08 pm
Thu February 20, 2014

EPA Awards Grant to Cut Heavy Duty Truck Emissions on the Wasatch Front

C.R. England Global Transportation applied for and received grant money to help cut exhaust emission at the company.
Credit File: C.R. England Trucking

The Utah Department of Environmental Quality has been awarded a 496-thousand dollar grant to reduce the emissions of Wasatch Front-based heavy-duty trucks. The funding comes from the Federal Environmental Protection Agency’s Diesel Emissions Reduction Act. Lisa Burr is senior research analyst with the Utah Division of Air Quality. She says the money goes directly toward improving engine technology.

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Business & Labor
5:27 pm
Mon February 17, 2014

Anticipated Convention Center Hotel Bill Ready For Debate

A bill that would give a private developer financial incentives to build a new hotel and convention center in downtown Salt Lake City has been made public. The proposal recently gained the support of Utah House Speaker Becky Lockhart, but opponents say it’s not good policy.

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