Business & Labor

Business & Labor
2:02 pm
Thu September 5, 2013

Officials Announce Sugar House Streetcar Name and Design

http://www.shstreetcar.com/

Utah Transit Authority will begin testing the Sugar House Streetcar line early next week. In the meantime, Salt Lake City, South Salt Lake and UTA officials gathered along a residential section of the streetcar corridor this morning to unveil the look and name of the streetcar. Here’s a hint: It’s a familiar design.

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Business & Labor
11:42 am
Mon August 26, 2013

BYU Study Shows That Wearing High Heels Could Save You Money When Shopping

New BYU research shows that shoppers who wear high heels think differently when they shop
BYU

The next time you go shopping for a big ticket item you might want put on your best pair of four inch heels. At least that's what BYU professors Jeffrey Larson and Darron Billeter recommend in their newly released study.

Larson and Billeter find that when a shopper, whether online or in person, has to think about balance they are more likely to weigh their options and go with a product in the middle of the price range.

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Business & Labor
2:14 pm
Wed August 21, 2013

Salt Lake City and Downtown Alliance Survey Finds Mobile Pay App Virtually Unknown

Jason Mathis, Executive Director of Downtown Alliance in Salt Lake City explains parking survey results.
Credit Bob Nelson

Salt Lake City and the Downtown Alliance released their parking survey results to the public today with some surprising results. The city’s transportation director Robin Hutcheson says people parking downtown have seen big changes in the last year and a half.

“It was a lot for our public to take in and we’ve been working very diligently to listen, take the feedback…understand the changes we need to make going forward,” say Hutcheson.

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Business & Labor
4:08 pm
Tue August 20, 2013

U of U Continues to Benefit Financially From PAC-12 Move

The latest findings from an ongoing study by the University of Utah’s Center for Public Policy and Administration show that the U’s move to the PAC-12 conference continues to financially benefit the state and university.

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Business & Labor
12:31 pm
Fri August 16, 2013

Utah Job Growth Outpaces the Nation

Call center at the Utah Department of Workforce Services
Dan Bammes

  Utah’s unemployment rate dropped to 4.6 percent in July, and the number of jobs was expanding at an annual rate of 3.5 percent.  That’s a strong employment picture compared to the rest of the country, but Jonathan Springmeyer with Bonneville Research says it’s not keeping pace with Utah’s population.

“While we are back to where we were before the recession, it doesn’t count all the people that have entered into the job market," Springmeyer tells KUER.  "Jobs are improving, but we’re still not keeping up with growth.”

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Business & Labor
5:46 pm
Thu August 15, 2013

Moab Community Unanimously Supports Skywest Bid for Essential Air Service

Moab residents wait for a decision from the Chief of EAS in the Federal Office of Aviation Analysis
Credit File: Skywest Airlines

Moab residents are putting their support behind a bid by Skywest Airlines to establish regular flights between Salt Lake City and the popular south eastern Utah community. A recent presentation for Essential Air Service, or EAS, included the current contractor, Denver-based Great Lakes Aviation as well as Skywest and Boutique Air. Bill Groff is Chair of the Grand County Airport Board. He says the interest in making a change is high.

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Business & Labor
3:40 pm
Mon August 5, 2013

Entrepreneurs to Open Social Innovation HUB in Salt Lake City

HUB Salt Lake co-founders Søren Simonsen and Dustin Haggett in newly leased space on 150 South State Street.
Andrea Smardon

A group of entrepreneurs is creating a center for social innovation in the heart of downtown Salt Lake City. Known as HUB Salt Lake, the center is expected to open its doors by late fall. 

HUB Salt Lake will be located in the former Zim’s Arts and Crafts store at 150 South State Street. Right now, it’s 13,000 square feet of open space. City councilmember and architect Søren Simonsen is a co-founder, and he imagines the HUB as a workspace for entrepreneurs trying to solve societal problems.

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Business & Labor
9:30 pm
Tue July 30, 2013

Utah Teen Struggles to Find Summer Job

While Utah and the country may be climbing out of a recession, many young people are not feeling the recovery.  A recent analysis by the Center for American Progress found that more than 10 million youth are unable to find full-time work. 17-year-old Fiona Boomer of Ogden wrote to us at KUER about her difficulty finding summer employment, and we asked her to keep a journal in her quest to find a job.  This is Fiona’s story.

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Business & Labor
3:43 pm
Thu July 25, 2013

Second-Quarter Home Sales a Mixed Bag

An uptick in home prices combined with higher interest rates is making life hard for first-time homebuyers. But Zions Bank’s residential lending numbers show construction activity is strong. 

The Salt Lake Board of Realtors home sales statistics for the first quarter of 2013 show home prices in the Salt Lake area climbing steadily.

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Business & Labor
4:58 pm
Wed July 17, 2013

Gateway Shops Missing Out on Downtown Resurgence

Bear Country Cookies owner Joel Clark says sales are down 35% at his Gateway shop since City Creek Center opened.
Andrea Smardon

A report released Tuesday shows that retail sales in downtown Salt Lake City were up 36 percent last year, largely driven by business at City Creek Center. But some businesses at The Gateway Shopping Center say they are not seeing the same trend.

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Business & Labor
5:52 pm
Tue July 16, 2013

SLC Downtown Alliance Aims to Build on Momentum from City Creek Center

A fountain at City Creek Center during the holiday shopping season.
Andrea Smardon

Salt Lake City’s Downtown Alliance held its first annual Downtown Symposium Tuesday. City leaders gathered to review the past year, and talk about what’s to come for Utah’s capital city.

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Business & Labor
4:45 pm
Mon July 1, 2013

SLCO Council Wants More Say In Mayor's Appointments

Some members of the Salt Lake County Council want a bigger role in deciding who the mayor appoints to county offices, boards and departments. They’ll consider an ordinance on Tuesday that would give them more time to review the resumes and qualifications of the mayor’s appointees.

The proposal requires the mayor provide information to the council about nominees prior to making an appointment.  It also requires some nominees to interview with the council.  Republican Council Chair David Wilde is advocating for the changes.

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Business & Labor
4:05 pm
Thu June 27, 2013

Utah Exceeding Expectations in 100K Jobs in 1,000 Days Goal

Governor Gary Herbert
Brian Grimmett

Utah Governor Gary Herbert says his office is exceeding expectations at the half-way point of a goal to create 100 thousand jobs in one thousand days.

Speaking at a high tech manufacturing plant that chose to expand in Utah last year, Governor Herbert announced that the private sector has created 63,600 jobs since he announced the goal during his 2012 state of the state speech. Herbert says when companies choose to expand in Utah it often creates a ripple effect that leads to even more job creation.

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Business & Labor
5:11 pm
Fri June 21, 2013

Salt Lake City Council Overrides Mayor's Tax Hike Veto

The Salt Lake City council sidestepped the mayor’s veto of the city- council-approved budget today, which includes an $8 million property tax hike.

The council overrode the mayor’s veto on a five to two vote, with Councilman Stan Penfold and outgoing Councilman Carlton Christensen voting no.  Outgoing Councilman Soren Simonsen said the city can no longer scale back on maintenance to keep ordinary government operations afloat. 

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Business & Labor
3:20 pm
Fri June 21, 2013

Utah Unemployment Rate Drops to 4.6%

Utah employment numbers rose by more than 32,000 in the May Jobs report released today by the Utah Division of Workforce Services.

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Business & Labor
9:02 pm
Tue June 18, 2013

Salt Lake City Council Okays Property Tax Increase

The Salt Lake City Council approved the city’s $200 million budget yesterday, which includes an $8 million property-tax hike.  The council approved the increase despite Mayor Ralph Becker’s objections. 

Outgoing Councilwoman Jill Remington Love says the city has had to make tough budget decisions in the past few years. Because of a weak economy, rising health care costs and retirement, it’s now dealing with a dire structural deficit. 

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Business & Labor
4:26 pm
Thu June 13, 2013

Supreme Court Throws Out Some Myriad Patents, Upholds Others

Myriad Genetics offices in Salt Lake City

The US Supreme Court struck down some of Myriad Genetics’ patents today on its breast and ovarian cancer test. But the Salt Lake City company is focusing on what the ruling left intact. Myriad officials say the company still has 24 different patents. 

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Business & Labor
5:24 pm
Wed June 12, 2013

Planners Recommend Denying Rezone for Tavaci Developer

The Salt Lake County Planning Commission unanimously recommended denying a developer’s request to rezone a parcel of land at the mouth of Big Cottonwood Canyon. The Tavaci development was initially approved as a subdivision for single family homes. But the owner is pursuing the rights to build something larger. 

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Business & Labor
4:31 pm
Fri June 7, 2013

SyberJet Chooses Utah for Headquarters and Assembly Plant

SJ30
SyberJet Aircraft

Utah is now home to one of the fastest light business jets in the world. SyberJet Aircraft announced this week that it has selected Cedar City as the location for its headquarters and the new SJ30 assembly plant. SyberJet Aircraft President Chuck Taylor says the new seven-seat SJ30 will be assembled from start to finish in Utah. 

“We’ll be starting from the bottom up, and we’ll be manufacturing the detail parts, assembling the airplane, putting all the aircraft systems in the airplane, and flying it off the Cedar City Airport and delivering it to our customers,” Taylor says.

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Business & Labor
5:06 pm
Thu June 6, 2013

Downtown Farmers Market Extends Summer Hours

Courtesy of slcfarmersmarket.org

The Downtown Farmers Market opens for the summer this Saturday in Pioneer Park. Vendors selling locally-grown produce and goods will stay a little later than normal this year. 

Nearly ten thousand people every Saturday during the summer visit the downtown farmers market, so this year vendors will stay open an extra  hour. Kim Angeli is Director of the Downtown Farmers Market and she says the extra hour will give people more time and room to browse.

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Business & Labor
5:20 pm
Wed June 5, 2013

Utah Mayors Call for Immigration Reform

A bipartisan group of Utah mayors have sent a letter to Republican Senators Orrin Hatch and Mike Lee, urging them to immediately pass immigration reform legislation. From Fruit Heights to Salt Lake City to St. George, 19 mayors signed the letter. It calls for comprehensive immigration reform, and warns that Utah communities will face significant challenges unless that reform is enacted. 

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Business & Labor
4:52 pm
Tue June 4, 2013

Kennecott Worker Buyout Helps Avoid Additional Layoffs

Kennecott Utah Copper

Workers at Rio Tinto’s Kennecott Utah Copper are breathing a sigh of relief after mine officials announced today there would not be another big layoff. A recent landslide at the Bingham Canyon Mine has forced the company to drastically reduce production and layoff some administrative staff.

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Business & Labor
12:45 pm
Fri May 24, 2013

Kennecott Reduces Workforce by 100 in Utah, More Layoffs to Come

Kennecott Utah Copper

About 100 employees at Kennecott Utah Copper have been laid off as a result of last month’s slide at the Bingham Canyon Mine. Kennecott spokesperson Kyle Bennett says the layoffs affected employees across the ranks of the mine’s salaried workforce. None were union employees, though he says some hourly workers will have to be let go before the end of the month. 

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Business & Labor
12:29 am
Thu May 23, 2013

Salt Lake Area Immigrants Call on Senator Hatch to Fulfill Dreams, Reunite Families

Yolanda Guzman is taking care of her granddaughter, after her daughter Brenda Guzman-Sandoval was deported.

As the debate on immigration reform continues in the US Senate, immigrants in Salt Lake City held a press conference and vigil Wednesday night urging Senator Orrin Hatch to support legislation that creates a path to citizenship and keeps families together.  

The event was organized by the Salt Lake DREAM team, immigrant young people who want a chance to earn their citizenship through college or military service. In their stories, what you hear are dreams deferred.

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Business & Labor
3:15 pm
Mon May 20, 2013

Suburban Poverty More than Doubles in Utah’s Major Metro Areas

Poverty in US suburbs is on the rise, but especially in Utah. A new book released Monday shows that the number of people living in suburbs below the federal poverty line has more than doubled in three major metropolitan areas in Utah over an 11-year span. In fact, the Salt Lake City area ranked number 3 in the nation for fastest growth in suburban poverty. 

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Business & Labor
4:22 pm
Fri May 17, 2013

Utah Jobless Rate Drops to 4.7; Governor Declares Recession Over

Utah Department of Workforce Services

Unemployment in Utah dipped to 4.7 percent last month, the state’s lowest rate since November 2008. Utah also added more jobs, prompting Governor Gary Herbert to declare the recession over in the state. 

Utah’s job growth in April was 3.5 percent, more than double the national average. Over one year, 43,000 jobs have been added. Juliette Tennert is Chief Economist in the Governor’s Office of Management and Budget. 

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Business & Labor
4:53 pm
Tue May 14, 2013

Utah’s Business Deals Topped $11B in 2012

Todd Pedersen will stay on as CEO of Vivint which was sold to Blackstone for more than 2 billion dollars.

Utah’s business mergers and acquisitions reached an all-time high last year. That’s according to a report from the MountainWest Capitol Network to be released on Thursday this week. 

The 2012 Deal Flow Report shows that there were 292 deals, topping 11 billion dollars.  Of those, 110 were mergers and acquisitions of Utah companies. Devin Thorpe is President of the MountainWest Capitol Network, and he says 2012 deals increased more than 60% over the year before.

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Business & Labor
11:48 pm
Tue May 7, 2013

City Okays 1100 East Streetcar Route

Councilman Charlie Luke talks to residents who are upset over the council's decision to adopt the 1300 east streetcar alignment.

In a four-to-three decision the Salt Lake City council adopted the Sugar House Streetcar alignment recommended by a consulting firm the city hired to study the project. In other words, the second phase of the streetcar will be routed north on 1100 east despite fierce opposition. But members of the council who favor that route say it’s in the best interest of the city as a whole to move forward.

Sugar House resident Mark Unruh says he doesn’t understand the council’s decision.

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Business & Labor
4:24 pm
Tue May 7, 2013

Senator Hatch Files 24 Amendments to Immigration Bill

Senator Orrin Hatch on Tuesday filed 24 amendments to the comprehensive immigration bill put forward by a group of Senators known as the Gang of 8. Hatch’s amendments focus on law enforcement, high-skilled work, health benefits, and back taxes. 

Speaking in Salt Lake City last week, Hatch told KUER the immigration bill would substantially improve border security, but he said there’s more work to be done. 

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Business & Labor
3:19 pm
Mon May 6, 2013

Governor Appoints New UDOT Director

New UDOT Director Carlos Braceras

After a nationwide search Governor Gary Herbert has appointed Carlos Braceras as the new director of the Utah Department of Transportation.

Braceras has worked for UDOT for almost 27 years and until today’s appointment had spent the past 12 as UDOT’s deputy director working directly under former director, John Njord. Braceras says as the new head of UDOT one of his main focuses will be to create better relationships with local communities.

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