IN THE NEWS
Economic Development Headlines from the Past Week
Page Brake to build 62,000 square foot facility on west side
- Page Brake Co. is
relocating its headquarters and warehouse operations to a new 62,000 square foot
facility in the west side of the Salt Lake Valley in order to meet the changing
demographics of the heavy vehicle industry in Utah. (SL
Enterprise)
Angel' groups cautiously optimistic about investing in start-ups this year
- Angel group
leaders expressed optimism about the climate for investments in early-stage
businesses in 2008 despite recent news about the slowdown of the U.S. economy...
(SL
Enterprise) Chase to consolidate Utah HQ operations at One Utah Center
- Chase, one of the
nation's leading financial institutions, is relocating its Utah headquarters to
approximately 30,000 square feet at 201 S. Main St. in downtown Salt Lake City,
bringing most of its operations into a single location. (SL
Enterprise) New Utah online store sells baby products based on bamboo
- BabyBam
Collection is a new company and online store based out of Springville that
offers a line of children's clothing made from bamboo fabric.
(SL
Enterprise) Work stops on $100M Orem project
- The flagging
economy and mortgage slump has hit Orem's Midtown Village hard ? so hard that
construction has stopped, bills are piling up and luxury condos are sitting
empty. (Morning
News)
Priming Hill?s Economic Pump
- The project --
Hill's West Side Development Enhanced Use Lease Project -- which the
Standard-Examiner has addressed in dozens of news articles and editorials over
the past couple of years, could be the largest single economic development
venture in our region since the build-up of Hill and ATK (Thiokol). (Standard-Examiner)
BDO Top Spot
- The Hershey
Company's recent decision to open a 540,000 square-foot candy distribution
facility in Business Depot Ogden demonstrates the industrial park's sweet
success despite fears of an impending recession, says a BDO official. (Standard
Examiner)
Moab hammering out big-box restrictions
- Not everybody in
Moab wants to imagine a Wal-Mart along the scenic banks of the Colorado River.
(SL Tribune)
U. of U. is No. 2 school in U.S. for spawning startup companies
- The University of
Utah leads the nation in spinning off companies and commercializing
university-generated technologies and other intellectual property... (SL
Tribune) (Morning
News)
Utah business leaders are wary
- Worried about
gasoline prices, employee health-insurance costs and a tight labor pool, Utah
business leaders in a recent poll expressed muted optimism about their
companies' futures. (Morning
News)
Zions center is approved by Planning Commission
- With the recent
blessing of the city Planning Commission, construction on the 10-story Zions
Financial Center at 200 N. University Ave. is likely to start within the next
two months. (Morning
News)
220 jobs coming to Utah
- Northrop Grumman
and the maker of Airbus planes beat out Boeing Co. to win a $35 billion
government contract to build up to 179 military refueling planes, the Air Force
said Friday.
(Morning
News)
Utah County sees increase in tourism
- Utah Valley
tourism officials are riding a wave of increased interest in Utah County. (Morning
News)
Lawmakers: Program may attract Toyota
- Lawmakers hope to
both improve student learning and attract a Toyota manufacturing plant to Utah
by spending millions to better educate students and their families learning
English. (SL Tribune)
Chamber Expo unites businesses
- Governor
Jon Huntsman Jr. explained it this way in his 2008 Economic Report. ?Utah?s
economy is the strongest in the nation. We?ve experienced several record highs..." (Clipper
Today
50-plus Davis firms sign up for expo
- More than
50 Davis County businesses and organizations have reserved exhibitor space at
the first Davis Business 2 Business Expo, a tally that both surprises and
pleases the event's organizers.
(Morning
News) (Standard
Examiner)
Rural business meeting set for March 25-26
- The seventh
annual Rural Business Conference will take place March 25-26 at the Carbon
County Event Center in Price. (Morning
News)
BusinessWeek Ranks BYU Undergraduate Business Seventh in Nation
- Brigham
Young University's undergraduate business programs rank seventh overall and
first among recruiters according to BusinessWeek magazine's comprehensive
ranking of U.S. undergraduate business programs. (Utah
Business Magazine)
House Bill May Help Small Businesses
- House Bill
53 is on its way to help small businesses comply with state-issued
administrative rules. (Utah
Business Magazine)
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