Cheaters Never Prosper
Creating Conscious Capitalists
Protect Your Cake
Jack Pelo: Bottling a Winning Team
Sink or Swim
Filling the Void
Industry Outlook: Nonprofits
Paper or Plastic?
Big as Life
Reaching New Heights
Utah Valley Economic Outlook
Salt Lake City
West Valley City – HENRY WALKER HOMES opened a 154-unit townhome community called Villages at Westridge, which includes housing, recreation and open space.
Draper – SECURITY NATIONAL FINANCIAL CORPORATION purchased a class-A office building known as Wasatch 16. The building has a total square footage of about 80,000 square feet with an occupancy rate of 92 percent.
Salt Lake City – WINDER FARMS, which delivers more than 300 products throughout much of Utah, began serving households throughout Orange County, Calif.
Salt Lake City – SUSTAINABLE POWER GROUP acquired the assets of TIOGA ENERGY, INC. and all of its intellectual property, including its model SurePath Solar Power Purchase Agreement.
Salt Lake City – Hyatt Hotels Corporation and Sequoia Development opened the HYATT PLACE SALT LAKE CITY/COTTONWOOD hotel, the fifth Hyatt-branded hotel in Utah and the second hotel built in the Cottonwood Corporate Center.
Salt Lake City – WESTMINSTER COLLEGE formed a bridge partnership with SKYWEST AIRLINES to offer opportunities for students earning their professional pilot degrees to become Skywest Airlines first officers.
Salt Lake City – WORLD TRADE CENTER UTAH was named a member of the Overseas Private Investment Corporation’s Partners Program (OPIC).
West Jordan -– CAO GROUP, INC. announced plans to transition its lighting division into an independent company called CAO LIGHTING, INC. The new company will operate at the same location as CAO Group, Inc. and under the same management.
Midvale – CENTURY 21 EVEREST REALTY GROUP merged with independent ELITE REALTY GROUP. After the merger the company will employ more than 250 agents.
Salt Lake City – TOGO’S EATERIES, INC., signed its first multi-unit franchise agreement in Utah. The sandwich chain plans to develop six new restaurants over the next several years in the Salt Lake City area, with the first location scheduled to open in 2014.
Salt Lake City – ROCKY MOUNTAIN POWER consolidated its existing programs for Utah businesses into a single efficiency program known as Wattsmart Business and increased incentives for certain efficiency improvements.
Salt Lake City – ITT EXELIS received a contract in excess of $10 million to produce composite missile bodies and structures for Lockheed Martin’s Joint Air-to-Surface Standoff Missile.
Salt Lake City – A new BEST FRIENDS pet adoption center in Sugar House opened. The new center features adoptable dogs and cats from Best Friends and local area shelter partners.
Salt Lake City – The GOVERNOR’S OFFICE OF ECONOMIC DEVELOPMENT led a delegation looking to develop business partnerships in the Philippines. The delegation featured an array of Utah industry sectors including IT, nutraceuticals, medical devices and agriculture.
Sandy -– CANYONS TECHNICAL EDUCATION CENTER put on a weeklong camp called Girls Code at CTEC to teach teen girls about computer science and programming.
Salt Lake City – A report by the DOWNTOWN ALLIANCE and CBRE, INC. showed that downtown Salt Lake’s economy has improved in recent years, due largely to the $209 million made in sales at CITY CREEK CENTER during its first year.
Riverton – RICHMOND AMERICAN HOMES OF UTAH closed on a land purchase in Riverton where it plans to create a new housing community called Royal Farms, which is expected to include 78 home sites.
Draper – MEGADYNE MEDICAL PRODUCTS signed a multi-year contract with INTERMOUNTAIN HEALTHCARE to provide electrosurgical equipment and accessories.
Salt Lake City – Salt Lake City’s non-profit bike share program, GREENBIKE, installed two new stations to meet customer demand. One is located at 215 W. South Temple, and the other is at 300 S. 160 East.
Tooele Valley – The FORD RACING SCHOOL, a division of MILLER PERFORMANCE located at
MILLER MOTORSPORTS PARK, began offering its new driver training program, the ST Octane Academy.
Outdoor Retailer Show Serves as Launch Pad for Utah Startups
By Devin Felix
Salt Lake City – Two years ago, Jeremy Spencer and his brothers had a simple idea to solve a simple problem. As outdoorsmen, they carried a lot of equipment with backpacks, but they found they often wanted to haul more gear than could fit inside a pack and there were few places on the exterior of the pack to attach extra gear.
To solve the problem, they came up with a small device that allows users to quickly create additional points of attachment on a backpack without damaging its fabric. They called the system the PackTach and also developed a system that allows users to attach a bungee cord net to a pack using several PackTachs.