October 1, 2011

Cover Story

Healthcare Heroes

With unwavering courage and compassion, the 2011 Healthcare Heroes are imp...Read More

Featured Articles


A Closer Look at the Utah Health Exchange


Economic Insight
A Deficit of Leadership

Legal Briefs
A Special Offer

Around Utah
Around Utah

Living Well
Battle of the Bulge

Lessons Learned
From the Ground Up

Business Trends
Home for the Holidays?

In Up to Your Neck

International Reach

On the Offense

Money Talk
Stand Up to Scrutiny

Stroke of Genius

Industry Outlook
Wealth Management

Sean Whalen

Do Payday Lenders Offer a Way Out or Just Enough Rope to Hang Yourself?

Kris Rudarmel


Around Utah

Sarah Cutler

October 1, 2011

Salt Lake City - INFRASTRUCTURE DEVELOPMENTS CORP. (IDVC) is expanding the development of its compressed natural gas (CNG) business into Virginia as the state bolsters efforts to convert public vehicles to CNG. IDVC intends to focus on both vehicle conversion and the construction of CNG refueling stations, with potential sites in Utah and elsewhere in the West.

Salt Lake City - FISHBOWL partnered with EFILECABINET, a provider of electronic document management software. Both companies will offer each other’s products immediately. Fishbowl partnered with eFileCabinet to eliminate complicated systems that are susceptible to human error. Many businesses often type the same information into multiple software programs when documenting inventory activity. The partnership with eFileCabinet will cut down the time spent entering data and the mistakes that often result from multiple entries.

Draper - STORAGECRAFT launched its upgraded program with input from its partner advisory board, a select group of value-added resellers and managed service providers. The new look of StorageCraft’s partner program includes a tiered approach, which allows partners to achieve incremental benchmarks by hitting revenue goals or completing training courses.

Salt Lake City - O.C. TANNER donated Special Edition Governor’s coins for Gov. Gary R. Herbert’s tour of U.S. combat zones in Kuwait, Iraq and Afghanistan. The coins were given to soldiers he met. Part of military tradition, the keepsakes are second only to medals and are valued by soldiers as an emblem of their home state and a symbol of the gratitude of its people.

EBay Announces Major Expansion in Utah

Draper - EBAY INC. and the UTAH GOVERNOR’S OFFICE OF ECONOMIC DEVELOPMENT (GOED) announced plans to build a new state-of-the-art facility in Utah, currently proposed at a site in Draper.

“EBay has been a valuable, visible Utah company for more than a decade,” says Gov. Gary R. Herbert. “This agreement will bring new operating units and new jobs to the state. When world-class companies like eBay pledge partnership with Utah, it is a vote of confidence in the economic growth and stability that we are currently enjoying.”

The world’s largest online marketplace, eBay plans to create up to 2,200 new jobs in Utah over the next 20 years. All of the incented jobs will exceed 125 percent of the county’s average wage including full benefits.

“The Governor’s Office of Economic Development values the long-term commitments of its private sector business partners,” says Spencer Eccles, executive director of GOED. “As more companies within our seven strategic business clusters come to the state, we develop critical mass, which diversifies Utah’s economic base and enhances the positive economic environment for every person and business.”

The GOED board approved for eBay a one-time, post-performance refundable tax credit of $38 million over 20 years. In addition to the new jobs and accounting for the construction of the new facility, the incentive combines and expands two previous job-based incentives (in May and October 2009) into a single comprehensive incentive. This combined incentive is based on eBay expanding its workforce by more than 2,480 Utah employees If eBay meets these hiring goals, it will result in $127 million in new state tax revenue over the 20-year project timeline.

High Energy, Positive Outlook Prevail at Summer Market 2011

Salt Lake City - Approximately 25,000 retailers, exhibitors and media closed out a record-breaking OUTDOOR RETAILER SUMMER MARKET in Salt Lake City.

The 2011 edition of Summer Market saw increases in every measurable category, including exhibitor booth space, exhibiting brands, retailers and overall attendance, with most categories posting double-digit percentage growth.

“The energy at this show was tremendous and it rebooted everything for me as I head back to my store,” says Shelley O’Neill, store manager at Tooth of Time Traders in Cimarron, N.M. “Talking with the manufacturers I work with, their business results are up. Our sales are up. People are excited.”

“The show has been amazing for us; it’s been very successful from a retailer perspective as well as what I do with PR. The show does an amazing job bringing in all the right editors to talk to about our products, and our booth was wall-to-wall the whole time,” says Jaime Eschette, strategic outreach manager at Teva. “There really is no other show that we can go to that encapsulates the vibe of the outdoor space like OR.”

Summer Market 2011 also featured the first-ever New Exhibitor Pavilion, a 53,300-square-foot space adjacent to the Salt Palace Convention Center that housed 165 brands new to OR.

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