Business & Labor

Business & Labor
5:10 pm
Wed April 17, 2013

Broadway-Style Theater Design Unveiled

Salt Lake City officials unveiled the design scheme for the city’s new 2500 seat, Broadway-style Theater. It’s sleek and modern, but designers say they didn’t lose sight of the city’s surrounding historic architecture. 

Cesar Pelli is the lead architect for design firm Pelli Clark Pelli. He says the design scheme includes what he calls the city’s existing DNA. The New Performing Arts Center will be located on Main Street in downtown Salt Lake City, just south of City Creek Center.

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Business & Labor
2:24 pm
Tue April 16, 2013

Kennecott Expects Huge Loss in Production After Slide

Kennecott Utah Copper

The early estimates of the size of the Bingham Canyon mine slide show that more than 165 million tons of rock and dirt have slid into the bottom of the mine. That makes this slide the largest to ever happen there. Kennecott Utah Copper spokesperson, Kyle Bennett, says it will have a large impact on their yearly copper production.

"The 165 million ton slide does translate, unfortunately, into a reduced production of refined and mined copper of about 50 percent,” he says.

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Business & Labor
4:49 pm
Thu April 11, 2013

Microsoft Opens Utah’s First Store at City Creek Center

Andrea Smardon

Utah’s first Microsoft store opened its doors Thursday at City Creek Center. Customers were greeted with high fives and cheers at the door. Some came for the giveaways and free concert tickets, but Kelly McClean of Salt Lake City says she came out of curiosity. 

“I’d never heard of a Microsoft store before, so I thought I’d come and check it out,” McClean says. 

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Business & Labor
4:17 pm
Thu April 11, 2013

City Expands Glass Recycling With New Facility

Utah State Law Library

More Salt Lake City residents are recycling glass since curbside pickup started last fall. Today city officials celebrated the grand opening of a new facility that will increase the city’s capacity to process the glass and yield a more sustainable end product. 

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Business & Labor
3:11 pm
Thu April 11, 2013

Kennecott Reports Landslide At Bingham Canyon Mine

North wall of the Bingham Canyon Mine after the slide
Kennecott Utah Copper

Ground movement at the Bingham Canyon Mine resulted in a landslide last night. The slide occurred around 9:30 p.m. on the North side of the mine near where the visitor’s center was previously located. Kennecott Utah Copper spokesman Kyle Bennett says all employees at the mine are safe and accounted for. All work at the mine has also been suspended until geotechnical experts get a better assessment of the situation.

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Business & Labor
4:29 pm
Wed April 10, 2013

Airport TRAX Line Opens This Weekend

The new TRAX line that transports riders to and from Salt Lake International Airport is scheduled to open this Sunday. Reporters were invited to ride the train this morning. 

Imagine flying into Salt Lake City for the first time, exiting the terminal, boarding a train and taking in a view of the Wasatch and Oquirrh Mountains at 60 miles per hour.  Steve Meyer, Chief Capital Development Officer for Utah Transit Authority says that’s a great way to enter the community.

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Business & Labor
7:18 pm
Tue April 9, 2013

Ogden-Hinckley Tower Stays For Now

Credit File:standard.net

The Ogden-Hinckley Airport Control Tower will stay in operation at least until June 15th following a last minute decision by the Federal Aviation Administration on Friday. Federal budget cuts due to sequestration are threatening 149 similar operations across the country because contractors run the towers. Royal Eccles is the airport manager in Ogden. He says his issue isn’t so much with Congress as it is with the FAA.

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Business & Labor
4:33 pm
Tue April 9, 2013

Business Leaders Urge Congress to Act on Immigration

Vale Hale, President and CEO of the Utah Valley Chamber of Commerce.

Business leaders in Utah say they’re disappointed in the state’s two U.S. Senator’s for trying to delay comprehensive immigration reform while the economy suffers. But Republican Senator’s Orrin Hatch and Mike Lee say they’re not ready to back a catch-all bill, especially if it contains a pathway to citizenship for undocumented immigrants.

Congress returned from Spring break this week with immigration reform at the top of the agenda. Salt Lake Chamber President and CEO Lane Beattie says for members of Utah’s delegation to say they need more time is ridiculous.

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Business & Labor
3:51 pm
Mon April 8, 2013

Salt Lake City Launches Bike Share Program

Salt Lake City Councilman Carlton Christensen with a bike Salt Lake City's new GREENbike program.

Salt Lake City officially launched its much-anticipated  bike share program today. It’s called GREENbike and it offers unlimited short-term trips between stations scattered across the city. 

GREENbike is not quite a rental system. With memberships ranging from $5 a day to $75 a year, users pick up a bike at one of the solar-powered kiosks. But instead of chaining it to a corral or storing it at an office, the user returns it to the nearest kiosk for someone else to use. 

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Business & Labor
6:25 am
Mon April 8, 2013

Median Priced Home Sales Heat Up in Salt Lake County

Sold home in popular 15th and 15th area of Salt Lake City
Bob Nelson

The latest sales figures for median-priced single-family homes and condominiums in Salt Lake County shows a 20 percent increase compared to the same time last year. It’s a seller’s market, according to Dave Frederickson - President of the Salt Lake Board of Realtors. He says the number of homes on the market is limited right now. In particular, homes in the median price range of $250,000 and below are selling quickly.

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Business & Labor
5:27 pm
Wed April 3, 2013

Intermountain Health Pays Feds Millions in Settlement

The largest health system in the state of Utah has agreed to pay the Federal government $25.5 million to settle claims that it violated laws governing physician referrals and payments. But an official with Intermountain Healthcare says they didn’t realize they were in violation of the law until after an internal review.   

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Business & Labor
2:55 pm
Wed April 3, 2013

USDA Targets Poverty in Southeast Utah

Fred White, Director of Department of Natural Resources, Navajo Nation

The U.S. Department of Agriculture is expanding a program into Utah that is aimed at helping rural counties escape the grasp of persistent poverty.

The new StrikeForce Initiative brings together agencies within the USDA in an attempt to better coordinate efforts to spur economic development in rural counties. Dave Conine is the Rural Development state director. He says by making knowledge and resources available through things like micro-loans that they’ll be able to make a real difference.

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Business & Labor
6:03 pm
Mon April 1, 2013

UTA Fares Increase Today

Utah Transit Authority fare increases took effect today; much to the chagrin of riders. It was the last in a series of increases UTA approved in 2011. 

There are few certainties in life. But one thing is clear; no one likes to see prices go up. Mia Mora uses public transportation a few days a week. She says the 15 cent hike won’t price her out of a commute.

“As long as it doesn’t get any higher than that," she says. "But if they keep raising it….”

Mora says she already struggles to afford a day pass or multiple transfers.

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Business & Labor
2:21 pm
Tue March 26, 2013

Higher Gas Prices Power Recent Inflation in Utah

Andre Tsalpatouros (left) is the owner of Pierre Country Bakery. He and Randy Shumway, the CEO of the Cicero Group, talk about the up and downs of the current local market.
Bob Nelson

The higher price of a gallon of gasoline was the driving force behind a marked increase in the Wasatch Front Consumer Price Index or CPI last month. The Cicero Group released the latest figures for Zions Bank today Tuesday. Cicero’s CEO Randy Shumway says gas prices affect everything.

“Since the average Utahn spends about 18 cents of every dollar on transportation, says Shumway, that has a big impact on inflation in the state.”

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Business & Labor
4:02 pm
Fri March 22, 2013

One Year After City Creek Opening, The Gateway Makes New Investments

As City Creek Center celebrates its one year anniversary, the nearby Gateway Mall is standing its ground and making new investments. 

The Gateway has lost about a dozen stores to City Creek Center.  But The Gateway’s General Manager Scott Bennett says the outdoor center for shopping, dining, and entertainment is doing just fine. 

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Business & Labor
3:46 pm
Mon March 18, 2013

Salt Lake County Expands Start-Up Loan Program

Salt Lake County is expanding its small business loan program with some financial backing from commercial banks. The fund supplies higher interest loans to businesses that would be otherwise ineligible for traditional bank loans.  

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Business & Labor
10:25 pm
Thu March 14, 2013

Zion Curtain Survives Legislative Session

Sen. John Valeninte, R-Orem, stands behind Rep. Ryan Wilcox,R-Ogden, as he presents conference committee report to House.
Brian Grimmett

Hear the full report.

The Zion Curtain  - the barrier shielding restaurant customers form the preparation of alcoholic beverages - will stand this year, despite attempts by state House members to tear it down.  But some changes to alcohol laws did pass, including the ability for restaurant chains to get a single master liquor license. 

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Business & Labor
4:32 pm
Wed March 6, 2013

State Lawmakers Advance Online Retailer Tax

A bill that would require some out of state internet retailers to collect sales tax from Utah customers narrowly passed the UTAH Senate  this morning. But if SB 226 becomes law it could be challenged by the Justice Department.

Federal law prohibits Utah from collecting sales tax from online businesses unless they have an office or storefront in the state. SB 226 would expand the rule to include remote retailers who use local advertisements or forge other local agreements.

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Business & Labor
5:40 pm
Wed February 27, 2013

Proposal to Delay Guest Worker Law Heads to Senate

A state Senate committee voted Wednesday to push back the start date for Utah’s guest worker program by two years to give Congress a chance to work on comprehensive immigration reform.  

Utah’s guest worker program was set to go into effect this July, but Republican Senator Curt Bramble of Provo introduced Senate Bill 225 to postpone the implementation until 2015.  Bramble told the Senate Business and Labor committee that Utah’s guest worker law was designed to pressure the federal government into reforming immigration policy.

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Business & Labor
5:22 pm
Wed February 27, 2013

"Zion Curtain" Removal Bill Moves Out of House Committee

Members of House Business and Labor Committee listen to debate on HB350
Brian Grimmett

A couple of alcohol related bills managed to make their way through House committees Wednesday including one that would eliminate Utah’s so-called “Zion Curtain.”

HB228 eliminates provisions in Utah law that requires restaurants to keep open liquor bottles and the actual mixing of drinks out of public sight. Republican Rep. Gage Froerer voted in favor of the bill. He says the current law is an unnecessary obstacle.

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Business & Labor
3:33 pm
Tue February 26, 2013

Lawmaker Wants Online Stores to Pay Taxes

Utah lawmakers are hoping to bring in millions of additional tax dollars from online retailers, but a bill being proposed might be in conflict with the U-S Constitution. Federal law currently allows the state to collect taxes from online retailers as long as they have a physical location in that state, like a store or distribution warehouse. Senate Bill 226, sponsored by Republican Senator Wayne Harper would empower Utah to collect taxes from some out-of-state online retailers.

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Business & Labor
4:57 pm
Mon February 25, 2013

Utah House Approves of Drinking Alcohol Before Ordering Food and other Changes to Liquor Laws

HB218 would create more liquor licenses for dining clubs such as Market Street Oyster Bar (pictured) in Salt Lake City.

The Utah House of Representatives voted Monday to allow restaurant patrons to order drinks before ordering food.  House Bill 218 would also make more liquor permits available for certain types of dining establishments. 

Under current statute, restaurant customers are required to order food if they want to order an alcoholic drink.  If they don’t, the restaurant may be fined 500 dollars, which happened to several Utah establishments recently.  Republican Gage Froerer of Huntsville says his bill will clarify the state’s policy and prevent future fines.

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Business & Labor
1:43 pm
Thu February 14, 2013

State Tax Incentives Back Hundreds of New Jobs

story audio

The Governor’s Office of Economic Development announced new tax incentives for three companies on Thursday.  One is doTerra, a company that makes essential oils – plant extracts that it sells through a network of independent distributors.  It’s promised to bring 330 new jobs to its company headquarters in Pleasant Grove in product testing and development, customer support and other positions.  For that, it will get 16-point-6 million dollars in tax credits over ten years.

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Business & Labor
5:12 pm
Fri February 1, 2013

Yellow Cab Seeks Fare Hike Amid Lawsuit

After losing out on a contract with Salt Lake City to provide taxi cab service to and from the Salt Lake City International Airport, Yellow Cab taxi service is calling for the city to increase the company’s cab rates. But the Department of Airports, which is responsible for recommending rate changes to the Salt Lake City Council, says the request will not be granted.

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Business & Labor
5:02 pm
Thu January 31, 2013

Students to Tackle Social Change at the U’s New Sorenson Center for Global Impact Investing

Entrepreneur Jim Sorenson in his office in Salt Lake City
Andrea Smardon

Entrepreneur Jim Sorenson has given the University of Utah $13 million to create a one-of-a-kind global impact investing center.  The Center will be part of the U’s David Eccles School of Business and will provide students with training and experience in social entrepreneurship. 

For Jim Sorenson, impact investing means doing good while doing well.  

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Business & Labor
5:16 pm
Fri January 25, 2013

UTA Says No Free Days Without Service Cuts

This week a group of Utah physicians demanded a moratorium on mass transit fares for the remainder of the winter season, joining thousands of Utah residents who continually point to Utah Transit Authority as the key to the regions poor air quality. But UTA says the only way to realize increased ridership is to expand service, which can’t be done in the face of lost revenue. 

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Business & Labor
1:56 pm
Tue January 22, 2013

Sundance Subsidy Stirs Conservative Pushback

Robert Redford's annual Sundance Film Festival draws thousands of filmgoers and millions of dollars to snowy Park City, Utah. But a state subsidy contributing to the event is drawing controversy from some conservatives, who say films screened at the festival don't reflect the values of the state.
Jemal Countess Getty Images

Originally published on Tue January 22, 2013 6:48 pm

A disagreement between supporters of the Sundance Film Festival and a conservative think tank in Utah is raising questions about whether tax dollars should support the arts. The Sutherland Institute says some films screened at Sundance do not reflect Utah values.

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Business & Labor
3:43 pm
Wed January 16, 2013

UTA Making Route Changes in Preparation for New Airport TRAX line

FILE: UTA TRAX train
Brian Grimmett

The Utah Transit Authority is holding public meetings this week on several proposed route changes and reductions. 

In connection with the start of service on the new Airport TRAX line in April UTA is proposing several route changes including eliminating routes in Salt Lake, Tooele, and Davis County. UTA spokesman Gerry Carpenter says he thinks for the most part these changes will be well received.

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Business & Labor
4:51 pm
Fri December 28, 2012

Utahns to Lose Unemployment Benefits if Congress Doesn't Act

While Congress works to avoid going over the fiscal cliff, there is another deadline looming.  Emergency unemployment insurance benefits are set to expire Saturday unless Congress acts.  The US Department of Labor estimates this will impact over 2 million Americans, including about 4100 Utahns. 

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Business & Labor
5:06 pm
Thu November 29, 2012

Help for Utah Employers on Controlling Health Care Costs

The Salt Lake Chamber is trying to help Utah businesses rein in their healthcare costs.  They released their online guide Thursday called an Employer’s Tool Box.

Rich McKeown is chair of the Salt Lake Chamber’s Health Reform task force.   He told KUER the Employer’s Tool Box helps businesses exercise some degree of control over healthcare costs. 

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