march 18, 2019 volume 48, …s3.amazonaws.com/storyamp_production/artists/13764/press...2019/03/18...

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Volume 48, Number 34 $1.50 March 18, 2019 www.slenterprise.com John Rogers The Enterprise Brice Wallace The Enterprise see BISKUPSKI page 4 Sponsored by: Travel & Recreation PAGE 15 Transportation leads largest CPI drop in 3 years In a move that came as no surprise to most observers, Salt Lake City Mayor Jack- ie Biskupski last week filed a lawsuit in the 3rd Judicial District Court of Utah ques- tioning the legality of creation of the Inland Port Authority by Utah’s Legislature. The mayor has objected to the way the board was formulated, saying it usurps “taxing and land use authority over one-third of Salt Lake City.” Biskupski has opposed the way the port was created and had threatened to sue to stop it since the law passed during the 2018 general session. Her action last week was prompted by legislation that was mov- ing through the 2019 session of the legisla- ture that would have banned a mayor from unilaterally taking legal action against the port board by requiring full city councils to take such a move. The bill, HB433, passed late last week but only after the provision that would have prohibited Biskupski’s suit was removed. Biskupski takes unilateral action, sues over Inland Port Authority The cost of transportation includes the price of both gasoline and vehicles and both took a slide in February. Local trans- portation costs fell 3.6 percent last month, leading to the largest one-month drop in consumer prices in over three years. The Zions Bank Wasatch Front Consumer Price Index (CPI) fell 0.5 percent from January to February, the biggest month-to-month drop in 39 months. In the past 12 months, the CPI has grown 3.9 percent, while the national Con- sumer Price Index has increased 1.5 per- cent. Gasoline prices — the primary con- tributor to the falling CPI — are at their lowest point since December 2016. The drop in overall transportation costs is the largest since last March. “The decrease in gas prices has rip- ple effects in the economy as shipping and transportation costs decrease,” said Ran- dy Shumway, chairman and partner at Ci- cero Group, a Salt Lake City research firm that does data collection and analysis for the CPI. “Overall goods prices tend to become cheaper as transportation costs decrease.” Housing and recreation costs both inched up in February, by 0.3 percent and 1.1 percent, respectively. Both housing and medical care prices have experienced large year-over-year leaps, with housing prices increasing 8.3 percent and medi- cal care prices growing 11.7 percent since February 2018. Comparatively, transpor- tation prices saw their first year-over-year drop since April 2017, ticking down 1.6 percent. “The average Utahn spends 38.7 per- cent of their monthly expenditure on hous- ing costs, which is the highest percent- age measured since July 2010,” Shumway said. “The clearest cause remains Utah’s strong and steady job market.” The Bureau of Labor Statistics report- ed that Utah’s 12-month job growth has been higher than 3 percent every January since 2014. And unemployment, similarly, has stayed below 4 percent since March 2014. Utah companies remain strong targets for acquisitions, with a variety of factors working in the state’s favor. Three of the past six years, the number of acquired Utah companies has been 100 or more, and the 2018 figure of 91 trans- actions followed a 102-deal 2017, accord- ing to statistics discussed last week at the ACG (Association for Corporate Growth) Utah Intermountain Growth Conference and Capital Connection. “Utah is a very vibrant market,” said Geoffrey Loos, director of investment banking at D.A. Davidson & Co. and pres- ident of ACG Utah. “It’s generally in that 90-100-transaction range.” During the past decade, the number see GROWTH page 4 'Vibrant market' results in nearly 100 Utah acquisitions per year Chad Heath (left), managing director at Endeavour Capital, makes a point during a panel discussion at last week’s ACG (Association for Corporate Growth) Utah Intermountain Growth Conference and Capital Connection. Listening are (from left) Greg Warnock, co-founder and managing director of Mercato Partners; LeGrand Lewis, managing director at Sorenson Capital; and Bill Hunscher, partner at TZP Group.

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Page 1: March 18, 2019 Volume 48, …s3.amazonaws.com/storyamp_production/artists/13764/press...2019/03/18  · WTC released the report, best practices and Shatter List on Inter-national Women’s

Volume 48, Number 34 $1.50March 18, 2019www.slenterprise.com

John RogersThe Enterprise

Brice WallaceThe Enterprise

see BISKUPSKI page 4

Sponsored by:

Travel & Recreation

PAGE 15pages 15-18

Sponsored by:

pages F1-F8

Weber & Davis Counties

Transportation leads largest CPI drop in 3 years

In a move that came as no surprise to most observers, Salt Lake City Mayor Jack-ieBiskupskilastweekfiledalawsuitinthe3rd Judicial District Court of Utah ques-tioningthelegalityofcreationoftheInlandPortAuthority byUtah’s Legislature.Themayor has objected to the way the boardwas formulated, saying it usurps “taxingandlanduseauthorityoverone-thirdofSaltLakeCity.” Biskupski has opposed the way the

portwascreatedandhadthreatenedtosueto stop it since the law passed during the2018generalsession.Heractionlastweekwaspromptedbylegislationthatwasmov-ingthroughthe2019sessionofthelegisla-turethatwouldhavebannedamayorfromunilaterally taking legal action against the portboardbyrequiringfullcitycouncilstotakesuchamove.Thebill,HB433,passedlate lastweekbutonlyafter theprovisionthatwouldhaveprohibitedBiskupski’ssuitwasremoved.

Biskupski takes unilateral action, sues over Inland Port Authority

The cost of transportation includesthepriceofbothgasolineandvehiclesandbothtookaslideinFebruary.Localtrans-portationcostsfell3.6percentlastmonth,leading to the largest one-month drop inconsumer prices in over three years.TheZionsBankWasatchFrontConsumerPriceIndex(CPI)fell0.5percentfromJanuaryto February, the biggest month-to-monthdropin39months. In the past 12 months, the CPI has grown3.9percent,whilethenationalCon-sumer Price Index has increased 1.5 per-cent. Gasoline prices — the primary con-tributor to the fallingCPI— are at theirlowest point since December 2016. Thedrop in overall transportation costs is thelargestsincelastMarch. “The decrease in gas prices has rip-pleeffectsintheeconomyasshippingandtransportation costs decrease,” said Ran-dy Shumway,chairmanandpartneratCi-ceroGroup,aSaltLakeCityresearchfirmthat does data collection and analysis forthe CPI. “Overall goods prices tend to become cheaper as transportation costs decrease.” Housing and recreation costs bothinchedupinFebruary,by0.3percentand1.1 percent, respectively. Both housingandmedicalcarepriceshaveexperiencedlarge year-over-year leaps, with housing prices increasing 8.3 percent and medi-calcarepricesgrowing11.7percentsinceFebruary 2018. Comparatively, transpor-tationpricessawtheirfirstyear-over-yeardrop sinceApril 2017, ticking down 1.6percent. “TheaverageUtahnspends38.7per-centoftheirmonthlyexpenditureonhous-ing costs, which is the highest percent-agemeasuredsinceJuly2010,”Shumwaysaid. “The clearest cause remains Utah’sstrongandsteadyjobmarket.” TheBureauofLaborStatisticsreport-ed that Utah’s 12-month job growth hasbeen higher than 3 percent every January since2014.Andunemployment,similarly,has stayed below 4 percent since March2014.

Utahcompaniesremainstrongtargetsfor acquisitions, with a variety of factorsworkinginthestate’sfavor. Threeofthepastsixyears,thenumberofacquiredUtahcompanieshasbeen100ormore, and the 2018figure of 91 trans-actionsfolloweda102-deal2017,accord-ing tostatisticsdiscussed lastweekat the

ACG (Association for Corporate Growth)Utah Intermountain Growth ConferenceandCapitalConnection. “Utah is a very vibrantmarket,” saidGeoffrey Loos, director of investmentbankingatD.A.Davidson&Co.andpres-identofACGUtah. “It’sgenerally in that90-100-transactionrange.” During the past decade, the number

see GROWTH page 4

'Vibrant market' results in nearly 100 Utah acquisitions per year

Chad Heath (left), managing director at Endeavour Capital, makes a point during a panel discussion at last week’s ACG (Association for Corporate Growth) Utah Intermountain Growth Conference and Capital Connection. Listening are (from left) Greg Warnock, co-founder and managing director of Mercato Partners; LeGrand Lewis, managing director at Sorenson Capital; and Bill Hunscher, partner at TZP Group.

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2 • March 18-24, 2019 • The Enterprise - Utah's Business Journal

Brice WallaceThe Enterprise

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Women Tech Council wantsto address the gender gap in thetechnologysectorandhasissuedareportoutliningwaystocloseit. The national organization,based in Utah’s Silicon Slopesarea, also released a list of com-paniesitsaysare“acceleratingre-movingtheglassceilingforwom-enintech”throughprogramsandculturestocreateinclusivity. The report, titled “The Gen-derGap inTech andHow toFixIt,” cites a slewof statistics indi-cating that firms having womenleadershaveseenincreasesinnetrevenue, women-led private techcompanies achieve a 35 percenthigher return on investment, andhavingwomenonboardsorinse-niormanagementandotherfactorshave boosted companies’ marketshareandprofitability. However,womenaccountforonly16percentofthemembersofexecutiveteamsintheU.S.,withthe figuring being smaller in thetech industry. “Whilemaking upalmost half the U.S. workforce,womenhold less than20percentofU.S. tech jobs,” it said.Manywomen leave tech jobs because of poor workplace climates andmistreatment by managers andcoworkers,aswellasdissatisfac-tionwithpayandpromotionalop-portunities, and only 38 percentofU.S. companies set targets forgender representation, accordingtothereport.

“Inorderforacompanytoat-tractandretainthebesttalentwhiledrivinginnovationandbottom-linesuccess, inclusive cultures must be rootedintheorganization’sDNA,”saidCydniTetro,WTC’spresident.“By moving beyond single-fac-toredsolutionstodeepermeasuresthatanchorgenderinclusivityfirm-lyintoanorganization,thepractic-esoutlinedinthisresearchcanhelpincrease the number of womenacrossthetechnologysectortodayandensurethatdiverseworkforcesaresustainedinthefuture.” The report says technologycompanies can speed the creationof more inclusive and diverseteams and cultures for women intech through: • Executive engagement, intheformofactivesupportfromtheCEO,executiveteamandalllead-ership. • Company programming, by having women in executive lead-ership positions and proactivelyimplementing programs to support womenintechnology. • Community investment, with activeparticipationwiththebroad-er community to learn from andsharebestpracticesregardingcul-tureandinclusion. •Women’sordiversityandin-clusiongroups,throughformalpro-gramstosupportwomeninternally. Research reveals that whenwoven together and implementedsimultaneously, those four areas“drive talent retention and highperformance,”WTCsaid. “Giventhepresenteddataandoutcomes,WTC recommends that

tech companies make cultural in-clusivityapriority,”thereportcon-cludes.“Genderinclusivitycanbemorethantheexceptionoranout-lier in the tech community. It canandwillhave tobecomethestan-dard for any tech company thatwants to compete in the industrylong term. Tech companies havethe amazing opportunity to accel-erate gender inclusion and theirprofitsbycommittinglong-termtoWTC’sdefinedmetrics.” Theorganizationalsoreleasedthe first series of best practicesfromitsDiversity&InclusionFo-rum that details programs imple-mented by technology companiesto close the gender gap and cre-atemoreinclusivecultures.ItlistsAdobe’spolicytosupportparentalleave,Pluralsight’swork to facili-tatemore-diverse tech hiring, andWorkfront’seffortstoclosethepaygap. “Regardlessofproductorver-tical, research shows creating in-clusive environments that leverage thetalentofdiverseteamspropelsa company’s overall revenue andprofitability,” Tetro said. “Identi-fying and disseminating the prac-tices that are making real impact towardsgenderinclusionhelpsac-celerate adoption across the tech-nology industry to build a morerobust, competitive and diversecommunity.” Theorganizationalsoreleasedits second annual “Shatter List,”highlighting 46 tech companiesthat are accelerating removing the glassceilingforwomenintechbycreating and enacting impactful

programsandculturestocreatein-clusivity.WTCsaidthelistmovesbeyond hiring or human resourcemeasuresandinstead“reviewsandratesthedevelopmentandsuccess-ful implementationofholistic,or-ganization-widepracticestocreateinclusive cultures where women cancontributeandsucceed.” “Nomatterthesizeortypeoftechnology company, having high-performanceteamswheremenandwomencancontributeandsucceeddrivessuccessateveryleveloftheorganization,” Tetro said. “High-lightingandexplainingtheseprac-tices accelerates progress for theentiretechindustrybyamplifyingthe programs that are making real strides in creating more gender-inclusive cultures and propellingtheirimpactfurthertohelporgani-zations throughout the techsectorgrow closer to breaking the glass ceiling.” The2019ShatterListincludes

(in alphabetical order) 3MHealthInformation Systems,Adobe,An-cestry, Chatbooks, Clearlink, Con-trol4, Cotopaxi, Dealertrack, De-greed, Dell EMC, Domo, eBay,ExpertVoice, ForgeDX, FranklinCovey, Goldman Sachs, HealthCatalyst, HealthEquity, Hire-Vue, IM Flash, inContact, InMo-ment, Instructure, Intermountain Healthcare, L-3 Technologies,Listen Technologies, Lucid Soft-ware, MarketStar, MX, Myriad,NorthrupGrumman,O.C.Tanner,Oracle, Overstock. Pluralsight,Qualtrics, Recursion Pharmaceu-ticals,RizePoint,SaltStack,Tesla,Veracity Solutions, Vivint SmartHome,WCF Insurance,Workday,WorkfrontandZionsBancorpora-tion. WTCreleasedthereport,bestpracticesandShatterListonInter-national Women’s Business Day.Details are at www.womentech-council.org.

Overstock Inc., the par-ent company of Salt Lake City’sOverstock.comonlineretailerandtZERO, a security token tradingsubsidiary, continues to struggleas an anticipated equity invest-mentinthefirmhasstalled. PatrickByrne,CEOofOver-stock, issued a statement recent-ly inwhichheaddressed the sta-tus of a $404million investmenthe previously announced wouldbe coming from GSR Capital,a Hong Kong-based private eq-uity firm. In Byrne’s statement,he said that “the previously an-nounced GSR equity investmentinOverstock and tZEROhas notbeen completed” and that Over-stock is in discussionswithGSRCapitalandMakaraCapital,akeypartnerofGSRCapital, regarding a potentialtransaction. According to sources withinOverstock, the large investment wascontingent, inpart,ondeliv-

erytoGSRCapitalofretailprod-uctfromOverstockfortheinves-tor’sonlineretailoperationsintheFarEast.Thedealstalledwhenthegoodswerenotdelivered. Overstock and the HongKong firm did sign a memoran-dumofunderstanding outlining an investment of up to $100 million in tZERO common stock. This investment is set to close in April afterduediligenceandregulatoryapproval,Byrnesaid.The invest-ment is a significant drop fromOverstock’sinitial$404millionin-vestment announcement in which GSP Capital would purchase up to $270 million in tZERO equity, $30 million in tZERO security tokensandup to$104.55millioninsharesofOverstock.com. Meanwhile, Overstock.comhaslaidoffanadditionalapproxi-mately100employees, adding tothe 100 employees let go earlier thisyear.

Fusion BPO Services ofDraper has acquired Canton,Ohio-based Ameridial Inc. Fu-sion BPO is a global outsourc-ingservicesproviderthatalsohasan operation in Kolkata, India.Ameridail provides telemarket-ing services to the healthcare, re-tail,e-commerceandautomotivedealersectors. “TheacquisitionofAmeridi-alreinforcesourcommitmentandstrategy to deliver best-in-class,value-creation customer engage-ment services to U.S. clients,”said Pankaj Dhanuka, CEO andfoundingdirectorofFusionBPO.“Bothcompanieshaveacommonmission centered on being rele-

vant to our clients today and to-morrowwithaportfolioofcapa-bilitiesandcapacities.” In addition to its Ohio op-eration, Ameridial has addition-al call centers in North Caro-lina and Maine. It also has asubsidiary that provides telefun-draisingservices tononprofitor-ganizations.Itemploysabout270people. Founded in 2004, FusionBPO’s 200 employees offer ser-vices across eight countries: the U.S., Canada, U.K., India, Phil-ippines, El Salvador, JamaicaandAlbania.Thistransactionrep-resents the ninth acquisition thatFusionhasmadeintheindustry.

Women Tech Council addresses tech gender gap - and ways to improve it

Overstock still facing problems

Fusion BPO buys Ohio fi rm

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UTAH’S BUSINESS JOURNAL

Utah business organizations applaud decision to delay tax bill, create task force

World Trade Center Utah(WTCUtah) co-hosted an Inter-national Women’s Day celebra-tion on March 8 in cooperation withtheWomen’sBusinessCen-ter of Utah (WBCUtah) and theSalt Lake Chamber. The event,moderated by EDCUtah presi-dentandWTCUtahboardmem-ber Theresa Foxley, featured apanel of internationally success-ful women who all shared theirexperiences and insights as wellastheobstaclestheyhadtoover-come while conducting businessabroad. “The Women’s BusinessCenter ofUtah is proud to cele-bratetheimportanceofwomeninour society by highlighting their accomplishments,”saidRobbiD.Richter, WBCUtah program di-rector.“Itisadaytoreflectonthevital role women play in Utah’soverall flourishing economy andemploymentvitalitygrowth.” In2015,theMcKinseyGlob-al Institute reported that advanc-ing women’s equality in trade,investment and commerce couldadd$12 trillion to$28 trillion toglobalgrossdomesticproductby2025,Richtersaid. “WTCUtahwouldliketobeapartofthesolutionsthataddressthe challenges facing women asthey pursue global economic op-portunities,” said Suzette Alles,COO ofWTCUtah. “Increasinginternational trade, and support-ingwomen in their efforts to doso, helps companies grow, create wealth and become more resil-ient.” OnMarch7,WTCUtahalsoparticipatedinthe10thanniversa-ryoftheWomeninInternationalBusiness Conference organizedby the World Trade Associationof Utah (WTA). The event fea-turedapproximately30business,governmentandeducationallead-ersrepresentingUtah’sdiversein-ternational economy sharing their perspectives and strategies forsuccess in a global marketplace.NicoleSherwood,grantmanagerfor WTC Utah, was among the

WTC Utah hosts Women’s Day celebrationpanelistsandsharedinsightsonlo-cal resources to help your compa-niesgoglobal.WTAalsohonoredMaryBeckerle,CEOofHuntsmanCancer Institute, as International Woman of theYear for her dedi-cationtoadvancingscienceacrosstheworld. “As the state’s oldest non-profit organization dedicated toadvancing international trade andcommerce, we are proud to cel-ebrate the global leadership ofUtah’s businesswomen in trans-forming our economy into ama-jorplayerontheworldstage,”saidMeghan Stettler, vice presidentofWTA and communications di-rector for the Governor’s Officeof Energy Development. “As thenumber of women-owned busi-nesses continues to rise, we are committedtoprovidingaforumofpractical tools,solutionsandcon-nectionstodriveever-greatersuc-

cess in meeting the commercial and cultural demands of an ever-evolvingglobalmarketplace.” Last year, the Utah ExportAccelerationGrant,whichismadepossible through a contribution by JPMorgan Chase & Co., enabledWTCUtah to award36grants tosmalltomedium-sizedbusinesses,including10women-ownedbusi-nesses.The2018UtahPitchCom-petitionfirst-placewinner,HarvestLane Honey, is a women-ownedbusiness.“WinningtheWTCPitchCompetitionhasallowedustoin-vest in our packaging to be compli-antwith ourCanadian neighbors’languagelaws,”saidMindyWaite,CEO of theUtah-based beekeep-ingcompany. “Thiswill allowustoexpand into theCanadianmar-ket where we currently have a demand. WTC [Utah] has beena great resource for growing ourbusinessinternationally.”

The Salt Lake Chamber, theUtahTechnologyCouncilandoth-ers have hailed the Legislature’sdelay on acting on a tax reformbillthatwouldhavedecreasedthestatesalesandusetaxratebutim-posedasalesanduse taxonser-vices. Meanwhile, during the gen-eralsession’sfinaldaylastweek,the Legislature approved a billcreating the Task RestructuringandEqualizationTaskForce.Thegroup will study state and localrevenue systems and make rec-ommendations “to address struc-

tural imbalances among revenue sources.”Thetaskforce,withfiveHousemembersandfivesenators,willgetpublicfeedbackandpres-ent its study recommendations tolegislativecommitteesbyAugust. The task force creation oc-curred after HB441, the TaxEqualization and Reduction Act,passedintheHouseofRepresen-tatives,but theSenateannounceditwouldnottakeactiononthebillduringthegeneralsession. “Afterhearingfromanumberofourmemberbusinessesandlis-teningtotheirconcerns,wecalled

uponthegovernorandtheLegis-lature to allow formore time fordeliberationoneffortstomodern-ize Utah’s tax code,” said DerekMiller, president andCEOof theSalt Lake Chamber and Down-townAlliance. “We recognize a policychangeofthismagnituderequiresarobustpublicprocessandamplediscussion.Forthisreason,we’vebeenworkingaroundtheclockad-vocating on behalf of our mem-bers in calling for more time toallowforthereviewanddialoguethiscomplexissuerequires.”

Days earlier,Miller issuedastatement saying the current ver-sionof thebillwas“neitherper-fectnorfinal.” Miller said the Salt LakeChamber still wants to see taxmodernization.“Weareconfidentarobustprocessofcollaboration,coordinationanddialoguewillre-sult inapolicythatbroadensthebase, lowers the rates and mod-ernizes our tax system to secureUtah’s long-term economic suc-cess,”hesaid. After the delay was an-nounced, the Utah TechnologyCouncilemaileda“thankyou”toits members, saying that HB441wouldhavetaxed“servicesheav-ilyimpactingourindustry.” The council earlier had saidthe state’s tech sector, much ofwhich involvesproviding servic-es,would faceanew taxburdenof3.1percentto3.9percent.That,itsaid,wouldforcebusinessestochoose among several options: passonthenewtaxestoconsum-ers, absorb the taxes as a “newcost of doing business inUtah,”orleavethestate. ItalsocontendedthatHB441wouldhurtself-employedpeoplein rural economies and “anyonewho relies on the Internet econo-my,” including those involved inengineering, programming, cod-ingandcomputerscience“ifnotperformedin-house.” The Ogden-Weber Chamberof Commerce also had pushedfor the Legislature to postponeHB441“untilfurtherdatacanbecollected and analyzed to betterdetermine the impact of taxation

onservices.” Many service-based busi-nesses,itsaid,predictthattaxingservices “will threaten their via-bility, create a barrier to business development,andpotentiallyleadto unintended consequences thatcouldresultinaneconomicslow-downand/orinflation,”thecham-bersaid. Among those testifyingagainstHB441before theHouseRevenue and Taxation Commit-tee—whichadvancedthebilltothe full House with a 12-2 vote—wererepresentativesofMorrisMurdock Travel, two televisionstations, theUtahEducationAs-sociation,theUtahStateBarandtheUtahLandTitleAssociation,as well as another representative of the broadcast industry, an in-vestment broker, a small-busi-nessownerandaprivateattorney.A representative of Zions Bankspokeinfavorofthebill.

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Biskupski has been at oddswith most members of the SaltLake City Council over the cre-ationoftheportsincethelegisla-tion was first proposed. The bit-terriftbetweenthemayorandthecouncilcametoaheadinSeptem-berwhenBiskupskiwalkedoutofdiscussion of the port during aregularcitycouncilmeeting.Sheaddressedsupportersandportop-ponentsinthehallwayoutsidethecouncil chambers and promised,“Ourdayincourtwillhappen.” In her statement last week an-nouncing the lawsuit against the Inland PortAuthority, Biskupskisaid,“IhavebeenclearsincelastyearthatIbelievethestateofUtahhasviolatedthefirmlyestablishedrole of municipal governments.Rather than work to correct thiserror,thestateispreparingtodou-bledownontheworstpartsofthislegislation,seizingevenmoretaxdollars and taking steps to closethecourtroomdoortomeandoth-ermayorswhomaybe impactedbythisgrossstateoverreach.” Thelawsuitnamesasdefen-dants the Utah Inland Port Au-thority,DerekMillerinhisformalcapacity as chair of the Inland

BISKUPSKI from page 1

Utah Gov. Gary R. Herbert, along with theUtah Science Technology and Research Initia-tive(USTAR),haveannouncedthewinnersofthe2019Governor’sMedalsforScienceandTechnol-ogy.Themedalswillbepresentedtothefourhon-oreesattheUtahTechnologyInnovationSummitat theGrandAmericaHotel inSaltLakeCityonApril1. Thisyear’swinnersareasfollows: • Lifetime Achievement Award: FredLamp-ropoulos,chairmanandCEO,MeritMedicalSys-temsInc. • Academic/Research Award: Dr.RandallJ.

Olson,chairoftheUniversityofUtahHealthDe-partment ofOphthalmology andVisual SciencesandCEOoftheJohnA.MoranEyeCenter. • K-12 Science Education Award: DianeCrim,SaltLakeCenterforScienceEducation. • Industry Award: Intermountain Precision Genomics. TheUtahGovernor’sMedalforScienceandTechnology is the highest civilian award bestowed by the stateinthosefields.Theawardwasinitiatedin1987andnominationsarereviewedbyaselec-tionpanelofindustryexpertsandeducatorsbeforebeingpresentedtothegovernorforfinalapproval.

of Utah companies acquired hasranged from 79 to 102 and thestate has a five-year average of95 transactions.Thefigures from2009-10are“notthatmuchlowerthan it was last year or especial-ly2017, sogrowth investing is agreat countercyclical investment thesis,”Loossaid. In North America and Eu-rope,globalmergersandacquisi-tions(M&A)hasremainedsteadybut the number of deals has de-clinedabit.Thenumberoftrans-actions was as low as 12,896 in2009, reached a high of 26,887in2015andslippedto19,501lastyear, although dollar volume hasbeen relatively steady during thepastfouryears. “That is still a very goodnumber, a very healthy market,”Loos said of the 19,501 number.“So, [there are] no real concernsfromavolumestandpoint.” In North America, the mostdominant activity location, therewere 11,208 transactions in 2018, downfrom14,452 in2015.Mid-dle-marketM&AintheU.S.saw4,971 transactions in 2018, slip-pingsince2015. MembersofabreakoutpanelattheeventsaidUtahhasseveralattributes fostering small-compa-ny growth and attractiveness forinvestors. “It’sbeenafantasticplacetoputmoneytowork,”saidLeGrandLewis,managingdirectoratLehi-basedSorensonCapital.“Unfortu-nately,a lotofotherpeoplehavediscovered that over the last de-cade. Utah, I think, when I firststarted in thisbusiness,wasabitofaflyoverstateforinvestorsandnow it is a destination for inves-tors.” Sorenson has worked on15-16 deals inUtah since it wasfoundedin2003.“It’shomefieldand we love to invest here,” hesaid. “What makes Utah a greatplacetoinvestin?It’sahotbedofentrepreneurial activity, there are verygoodeducationalinstitutionsthatproducealotoftalent,andthe

business climate here is fantas-tic,”hesaid.Thestatebeingcon-sistently ranked in the top threeamong best states for businessalso“helps,alot,”Lewisadded. Chad Heath, managing di-rector at Endeavour Capital,which has four offices in theWest,alloutsideUtah,citedoth-erfactorsbenefitingUtah. “It’s consistent with anymarket that you’re looking for,but what Utah has particularlyis it has a very consistent labor force, and it’s a labor force thatisprettydependableanddoesn’tmove out. There are more jobscomingtoUtah.It’sknowncon-sistently as a top five place tolive,aplacetoworkandforbusi-nessclimate,”Heathsaid. OneelementhelpingUtahistroubleinnearbystates,hesaid.“We talk about how great this[state] is, but they’re getting sobad that we’re seeing portfoliocompanies actually moving out ofthestateofCalifornia,forex-ample, just tofindabetterbusi-nessclimate.” Endeavour also has discov-ered that Utah fares well com-pared to other places when itcomes to recruiting strong man-agementteams,hesaid. “A lot of companies thatwe’vefound,overtime,ifyou’retrying to recruit a high-quali-ty management team to a small, small town, it’s a challenge. IthinkSaltLakehasawonderfulairportandschools—everythingthat’stherethathasfamiliesthatwant tocomeand relocatehere,whichisabigboonforbuildingqualitybusinessteamsandman-agementteams,”Heathsaid. Bill Hunscher, partner atNewYork-basedTZPGroup,ref-erenced Utah’s lower businesscosts,noting theeffectsofUberandLyftgoingpublic. “The last thing San Fran-cisconeeds—whichisactuallygoingtobeabenefit, I think, toSaltLakeandDenverandVegas—isanotherthousandmultimil-lionaires,” Hunscher said. “It’sjust going to price that city — as wonderfulasitis—outofbusi-ness existence. I’m very bullishonSaltLake.”

Port Authority board and Gov.GaryHerbert. The Utah Inland Port Au-thoritywascreatedonthelastdayof the 2018 session of the UtahLegislature. It created amassivetransportation and distributioncenterofover22,000acresinSaltLakeCity’sNorthwestQuadrant.In a special session late last year, the bill saw several revisions, in-cludinganincreasedsizeandsev-eralconcessionstoSaltLakeCity.Whilethecitycouncilnegotiatedwith thestateforchanges itsawnecessary to mitigate what some saw as a “land grab,”Biskupskiboycotted the talks. The councilvotedinJunetoprohibitthemay-or from suing the state withoutpermissionfromthecouncil. James Rogers, council vicechairman who also sits on the In-land Port Authority board, saidBiskipski had not consulted thecouncil about last week’s actionand characterizedhermoveas a“campaigntactic.”Biskupskifac-esre-electioninthefallandsev-eral members of her party haveannouncedplanstoopposeher. “After listening to the com-munity and conversations withcity attorneys and outside coun-sel,Ibelievewemustmovefor-wardwiththislawsuittoday,be-fore this year’s legislation takeseffect,”Biskupskisaidinherpre-paredrelease.“Asmayor, I tookan oath to protect Salt Lake City ineveryactionItake.” “The Inland Port representsoneofthegreatestthreatstoSaltLakeCity—and frankly, to therights of cities and towns, theformofgovernmentclosesttothepeople,”shecontinued.“WhileIdo not take this action lightly, ItakeitwithfullconfidencethatIamdoingwhatisrightfortheres-identsofSaltLakeCity.” Biskupski’s lawsuit asks thecourt to find specific provisionsin the legislation creating the in-land port to be contrary to theUtah Constitution. She asks thecourt that declaratory judgmentbemadeagainst the“removalofSalt Lake City’s administrativelanduseauthority”and“thetak-ing of property tax increment,”amongothercomplaints.

GROWTH from page 1

ChamberWest, the trade or-ganization that represents WestValley City, Taylorsville, WestJordan and Kearns, named Em-ployers Council as its Small Business of the Year for 2019duringitsannualawardsgalacel-ebrationheldlatelastmonth. “We congratulate Employ-ers Council on their well-de-served recognition as Chamber-West’s 2019 Small Business oftheYear,”saidBarbaraS.Riddle,ChamberWest’s president andCEO.“Their tremendouscontri-butionshavepositivelyimpactedcountlessemployersandemploy-eesthroughoutourcommunity.” ChamberWest’sSmallBusi-ness of theYear award is givento thecompanywith fewer than100employeesthatdemonstratesall-roundexcellenceinbusiness,ChamberWestsaidinanewsre-lease. The judging focuses onuniqueorinnovativeapproachestowards growth, customer ser-vice, community involvement and involvement in the cham-ber.Winnersmusthavebeenes-tablishedforaminimumoffouryears, demonstrating stayingpower,adaptabilityandresponseto adversity, the statement said. Other awards announced atthegalaincludedExodusHealth-care,BusinessoftheYearAward;Summit Vista, Best New Busi-ness Award; Wasatch I.T., BestPlace toWorkAward; and KimGilbertofCyprusCreditUnion;Volunteerof theYear.Chamber-West had previously announcedthatKenworthSaleswas its an-nualHallofFameAwardrecipi-ent. “Employers Council is tru-ly honored to be named Cham-berWest’sSmallBusinessof theYear.Weareproudtobeapartofthecommunityandflatteredtoberecognized as a driving force in

the area,” saidRyanD.Nelson,president of Employers Coun-cil’sUtahoffice. Employers Council serves morethan4,500employerswithover70humanresource,organi-zationaldevelopmentandsurveyprofessionals and 60 staff attor-neys out of offices inSaltLakeCity; Scottsdale, Arizona; andDenver,ColoradoSprings,Love-landandGrandJunction,Colora-do.

2019 science & tech medals announcedEmployers Council named 2019ChamberWest small-biz honoree

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6 • March 18-24, 2019 • The Enterprise - Utah's Business Journal

Industry Briefs are provided as a free service to our readers. Company news information may be sent to [email protected]. The submission deadline is one week before publication.

BANKING • Bank of Utah has hiredLori BourassaandTarlok Verma as senior mortgage loan officersin northeastern Utah and Sandy.

Bourassa will have an officein the bank’snew HeberCitybranchandwill service a Wasatch Frontand northeast-ernUtahterrito-ry.Bourassahasmore than 20 years of experi-ence, includingfouryearsinthesame position for First UtahBank. Vermawill work in Bank of Utah’sSandymortgage

office.He has assisted homebuy-erswith their loans for nearly 20years. Prior to joining Bank ofUtah,Vermaworked12years forFirstUtahBankinthesameposi-tion.

CONSTRUCTION • Jacobsen Construction Co., Salt Lake City, has appoint-ed Gary Ellis as executive vicepresident of business develop-mentandsales,Tommy Auger as chief financial officer, and Amy Christensen as vice president of

corporate com-m u n i c a t i o n s and brand mar-keting. Ellishas served as Jacobsen’schieffinancial officerfor the past 18years. Augerjoins Jacobsen after serving asCFOatAthleticRepublic Inc.and eight yearsas CFO ofAlphaGraphics Inc. His expe-rience also includes posi-tions with several Utahreal estate anddeve l opmen tc o m p a n i e s .C h r i s t e n s e n joinedJacobsenin 2017 as thec o m p a n y ’ smarketing com-

munications director. Her expe-rience includes roles as presi-

dent of Gruve PR & MarketingCommunications, deputy direc-tor of communications at Utah’sDepartment of EnvironmentalQuality, and co-ownerofDare toDreamSportsMarketing.

CONTESTS • The deadline is March 26at11:59p.m.toentertheSecond Annual RevRoad Entrepreneur Competition, which has a $10,000 grand prize. The top 24contestants will advance to thesemifinal round, where they willbedividedintosixgroupsoffourcompanies each and present to apanel of judges.One finalistwilladvance from each group to thefinalroundandpresentinfrontoftheentireaudience.Thechampionwill receive $10,000, the runner-upwillreceive$2,500andtheFanFavorite—gettingthemostvotesfrom the crowd — will receive$1,000.ThefinalsareApril13atRevRoad’sheadquartersinProvo.Lastyear,morethan65companieswere in the competition. Detailsareathttps://ecomp.revroad.com/.

ECONOMIC INDICATORS • Summit County leads allUtah counties as the “best place to save money,”basedonarank-ing compiled by financial tech-nology company SmartAsset.The criteria included medianhousehold income, cost of living,purchasing power and estimatedtax rate. Summit was followed,in order, by Morgan, Daggett, Davis, Wasatch, Uintah, Utah, Tooele, Duchesne andSalt Lake counties. Details are at https://smartasset.com/checking-account/bank-reviews#Utah.

NONPROFITS • Girl Scouts of Utah(GSU)has appointed Lisa Hardin-Reynolds aschiefexecutiveoffi-

cer. The orga-nization servesmorethan6,200girls and 2,000adult volun-teers. A SaltLake City native and motherof two GirlScouts, Hardin-Reynolds has

been with GSU for 29 years,most recently as the vice presi-dent of program. In her tenurewith the council, she served aschiefoperationsofficeraswellasinterim CEO, and has providedoversight and leadership in theareas of program, membership,volunteer support, informationtechnology,finance,property,out-door program and product sales.Nationally, shewas appointed bythe Girl Scouts of the USA to

serve on the safety activity taskgroup, property andoutdoor con-ferencecommittee,andwasahostcouncilleadforthe2014GSUSANationalConventioninSaltLakeCity. She began her career withGSUasoutdoorprogramspecial-ist. Hardin-Reynolds earned asocial work degree from WeberStateUniversity.

REAL ESTATE • Alturas Capital Partners, based in Boise, Idaho, hasannounced Alturas Real Estate Fund’s expansion intoUtahwiththe purchase of The Shops at Decker Lake, 2200W. 3500 S.,WestValleyCity.Financial termswerenotdisclosed.Theretailcen-terconsistsoftwoparcelsoflandwith two multi-tenant buildingsand four stand-alone pad build-ings totaling 52,250 square feet.Notable tenants include Beans&Brews,KidtoKid,GreekSouvlakiand Saigon Oriental Market &Deli.Working closelywith ChrisMonson and Kyle Bloomfield ofMountain West Commercial Real Estate, Alturas was able to achieve significant leasing activ-itypriortoclosing,includingtwoadditional signed leases whichtook the occupancy from 70 per-cent when the property was put under contract to 77 percent atclosing. • Hamilton Zanze & Co., San Francisco,hassoldThe Overlook at Sunset Point, a 430-unit gar-den-style multifamily propertyat 2955 N. 400 W., Layton, toDenver-based Capital Real Estate LLC. Managing DirectorGreg Barratt of Berkadia’s SaltLake City office completed thesaleonbehalfoftheseller.SeniorDirectorBrianHuffofBerkadia’sDenver office secured $28.62million in acquisition financingthrough Freddie Mac for CapitalRealEstateLLC. • Richmond American Homes of Utah Inc., a subsid-iaryofM.D.C.HoldingsInc.,has

debuted threemodel homes at itsWildflower community at 1927N. Elderberry Drive, SaratogaSprings.Thehomesincluderanchandtwo-storyfloorplansofthreeto seven bedrooms and up toapproximately2,930squarefeet.

RECOGNITIONS • The Utah State Bar Commission has awarded theDorathy Merrill Brothers Award to Jacey Skinner,whoisofcoun-sel in Ballard Spahr’s Salt LakeCity office. The award, which

is named forone of Utah’sfirst femaleattorneys, is bestowed inr e c o g n i t i o n of efforts toadvancewomenin the legal p r o f e s s i o n .Prior to joining

Ballard Spahr, Skinner advisedUtah Gov. Gary Herbert in hisjudicial appointment process formore than eight years. She alsoadvised Herbert as he appointedjudicial nominating commissionsthat reflected the makeup of thebar, as he appointed the Boardof Pardons and Parole — whichnowhasafemalemajority—andmany other boards and commis-sions. Skinner also has spent hercareerhelpingtoadvancepoliciesto address issues of discrimina-tion and harassment for women,minorities and juveniles. She hasworked closely with the WomenLawyers of Utah and spent timementoring young lawyers andwomen interested in applying forjudicial positions. She is also amemberof theBoardof theUtahCenterforLegalInclusion.

RESTAURANTS • Evergreen Devco Inc., a retail and multifamily develop-ment company, has announcedthat Mo’ Bettahs Hawaiian Style restaurant and Beans & Brews Coffee HousehaveopenedatthePleasant Grove Town Center, 855W.StateSt.,PleasantGrove.Dough Co., the third and finalanchor tenant, is scheduledto open its third Edible cook-ie dough shop this spring. ThePleasant Grove Town Center isEvergreenDevco’sfirstUtahproj-ect.ItacquiredthelandlastJune.ThedevelopmentsitewasbuiltbyRimrock Construction, Draper,and designed by theFarnsworth Group.

SERVICES • Visible Supply Chain Management, a Salt Lake City-basedshippingandfulfillmentser-vices company for small to mid-sizebusinesses,hashiredNaruby

Schlenker and Richard Garcia as vice presidents of businessdevelopment. In 2010, Schlenkerco-founded Ordoro, a companythat delivers a SaaS e-commercelogisticsplatformandledstrategic

businessdevel-opment andmanaged vitalpartnerships, i n c l u d i n gthe relation-ship between Ordoro andVisible. Garciahas over a decade ofe x p e r i e n c ein business developmentand logistics.Before joiningVisible, Garciaserved as thedirector of

businessdevelopmentatShippo.

SPORTS • U.S. Ski & Snowboard, the OlympicnationalgoverningbodyofskiandsnowboardsportsintheU.S., has selected Deer Valley Resorttoserveasanofficialtrain-ing siteofAmerican freestyle skiathletes through2022.Theagree-mentwill seeU.S. skiandsnow-board athletes training on DeerValley’s moguls and aerials sitesthrough the 2022 Olympic Winter Games in Beijing, China. DeerValley is an annual stop on theFIX Freestyle World Cup circuitand has been hosting aerials andmoguls since 1999, including the2002OlympicWinterGames.

TECHNOLOGY/LIFE SCIENCES • RainFocus, a Lehi-basedevents marketing platform com-

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The Enterprise - Utah's Business Journal • March 18-24, 2019 • 7

pany,hashiredKevin O’Rourkeas executive vice president ofglobal sales.O’Rourke,who has

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8 • March 18-24, 2019 • The Enterprise - Utah's Business Journal

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The Enterprise - Utah's Business Journal • March 18-24, 2019 • 9

Calendar

see CALENDAR page 11

Calendar listings are provided as a free service to our read-ers. Information about upcoming events may be sent to [email protected]. The submission deadline is one week before pub-lication.

March 18, 11:30 a.m.-1 p.m. Free Business Coaching, a West Jordan Chamber ofCommerce event.GregCassat ofthe Zions Bank Resource Centerwill be available for consulta-tion in 30-minute appointments.LocationisWestJordanChamberoffice, 8000 S. Redwood Road,West Jordan.Details are atwest-jordanchamber.com.

March 19-21 Healthier Rural West Summit, a Healthier WE event(along with founding spon-sor Intermountain Healthcare)designedtofindinnovativehealth-care solutions for residents livingintheruralAmericanWest.Themeis “Transitioning from Crisis toWell-Being.” Event will featurepresentations, interactive sessions, paneldiscussionsandnetworking.SpeakersincludeLt.Gov.SpencerCox; Dr. Marc Harrison, presi-dent and CEO of IntermountainHealthcare; David Kennedy, co-founder of the Bill Lane CenterfortheAmericanWestatStanfordUniversity;LynnGallagher, cabi-net secretary of health in NewMexico; and Hilary Franz, com-missioner of public lands for thestate of Washington. Location isLittleAmericaHotel,500S.MainSt., Salt Lake City. Cost is $695($349 for early-bird registrants).Details are at https://healthierru-ralwestsummit.org/events/2019/.

March 19, 11 a.m-1:30 p.m. “Rock Your LinkedIn Pro-file with An Updated Bio and Headshot,” a BusinessWomen’sForum event. Speaker is MonteWylie, group talent acquisitionmanager forEnterpriseHoldings.Head-shot photos will be takenfor $45 by Melissa Majchzrak.Locationis50WestClub&Café,50 E. Broadway, Salt Lake City.Cost is $27 for members, $35for nonmembers. Details are atslchamber.com.

March 19, 11:30 a.m.-1 p.m. Business Alliance Network-ing Luncheon, aDavisChamberof Commerce event. Locationis Boondocks Fun Center, 525Deseret Drive, Kaysville. Free.NoRSVPrequired.Detailsareatdavischamberofcommerce.com.

March 19, 11:30 a.m.-1 p.m. Southwest Valley Women in Business. Location to be announced.Cost is$15formem-

bersthedayoftheevent,$20fornonmembers.Detailsareatsouth-jordanchamber.org.

March 19, noon-1:30 p.m. “Doing Business with Hungary,”aWorldTradeCenterUtaheventinpartnershipwiththeGovernor’s Office of EconomicDevelopment. Event is a diplo-maticluncheonwelcomingLaszloSzabo,ambassadorofHungarytotheU.S.Location isWorldTradeCenter, 60E. SouthTemple, SaltLakeCity.Costis$20.Detailsareatwtcutah.com.

March 19, 7-9:30 p.m. Pillar of the Valley Gala, a Utah Valley Chamber event.Award recipients are JohnValentine and Ray and JanetteBeckham.LocationisUtahValleyConventionCenter,200W.CenterSt.,Provo.Costis$250formem-bers, $300 for nonmembers,$2,000foratableofeight.Detailsareatthechamber.org.

March 20, 8-10 a.m. M.A.C.H. Speed Network-ing, a Murray Area Chamber ofCommerceevent.LocationisTheArtFactory,193W.2100S.,SaltLake City. Free. Details are atmurraychamber.org.

March 20, 11:30 a.m.-1 p.m. “Branding Lunch: Why Brunch Took Off and Linner Never Did,” a Utah TechnologyCouncil (UTC) event. Speakersare Alysha Smith, managing director; Peter Stevenson, brandstrategist;andRandallSmith,cre-ative director, all fromModern8.LocationistheUTC,13693S.200W., Suite 120, Draper. Free forUTC members. Registration canbecompletedatEventbrite.com.

March 20, 3:30-5 p.m. Business Connections, a ChamberWest event. Location isCrystal Inn,2254W.CityCenterCourt,WestValleyCity. Free forChamberWest members, $5 fornonmembers.Detailsareatcham-berwest.com.

March 20, 5:45-6:45 p.m. “Grow Your Business: Phase I,”aSmallBusinessDevelopmentCenter(SBDC)event.LocationistheOremSBDC,815W.1250S.,Orem.Detailsareathttps://utahs-bdc.org/trainings.

March 20, 6-9 p.m. Annual Vision Dinner, a South Jordan Chamber ofCommerce event. Location isEmbassy Suites, 10333 South Jordan Gateway, South Jordan.Cost is $60. Sponsorships areavailable.Details are at southjor-danchamber.org.

March 21-22 Intermountain Sustainab-ility Summit, a Weber State UniversitySustainabilityPracticesand Research Center event.KeynotepresenterisPaulHawken,entrepreneur, environmental-ist and author. Summit-affiliatedworkshopsofferhalf-andfull-daysessionsonMarch22.Workshopsinclude “The Art of Convening:Methods and Frameworks forWorkingSkillfully inComplexityand Community,” “Science,Stores and Sustainability: TheNational Climate Assessmentand Opportunities in Utah” and“Intermountain Living Future.”Location is Shepherd UnionBuilding,WeberStateUniversity,Ogden. March 21 summit costis $105 for professionals (early-bird),$125forprofessionals(reg-ular)and$30forstudents.March22workshopshavevariouscosts.Details are at https://www.weber.edu/issummit.

March 21, 8-9:30 a.m. Chamber Launch, a Salt LakeChamber networking event.Location is the chamber, 175 E.University Blvd. (400 S.), Suite600,SaltLakeCity.Free.Detailsareatslchamber.com.

March 21, 8-10 a.m. Digital Marketing Academy, a Sandy Area Chamber ofCommerce three-week course taught by experts from Firetoss.March21 topic is“Pay-Per-ClickAdvertising, Google AdWords,FacebookAds and ProgrammaticDisplayAdvertising.”Location isSalt Lake Community College’sMiller Campus, Miller FreeEnterprise Center, Room 223,9750 S. 300 W., Sandy. Cost is$75 for members, $150 for non-members. Registration can becompletedatEventbrite.com.

March 21, 8 a.m.-noon “Americans with Disabilities Act Essentials,” an Employers Council event. Location is theEmployers Council, Utah office,175 W. 200 S., Suite 2005, SaltLake City. Cost is $145. Detailsareatemployerscouncil.org.

March 21, 8:30-11:30 a.m. “Google: Get Your Business Online,” a Women’s BusinessCenter of Utah event. Presenteris Corissa St. Laurent. Locationis the Women’s Business CenterofUtah,175E.400S.,Suite600,SaltLakeCity.Free.Detailsareatslchamber.com.

March 21, 11:30 a.m.-1 p.m. Chamber Luncheon, a Davis Chamber of Commerceevent featuring an opportu-

nity to meet and learn aboutnew County Commission mem-bers Lorene Kamalu and BobStevenson.LocationisBoondocksFun Center, 525 Deseret Drive,Kaysville. Cost is $20 for mem-bers,$25forguests.Detailsareatdavischamberofcommerce.com.

March 21, 11:30 a.m.-1 p.m. “Multiplying Lasting Pro-fitable Relationships,” a West Jordan Chamber of Commerceevent.Presenter isClayNevesofPersonal Sales Dynamics.Location is West Jordan CityHall Community Room, 8000 S.RedwoodRoad,WestJordan.Freefor members, $10 for nonmem-bers. Details are at westjordan-chamber.com.

March 21, 11:30 a.m.-1 p.m. Lunch & Learn, a Murray Area Chamber of Commerceevent. Speaker is fromEmployerSupportoftheGuardandReserve(ESGR). Location is Soy’s SushiBar & Grill, 4927 S. State St.,Murray.Costis$20formembers,$30forguests.Detailsareatmur-raychamber.org.

March 21, 3-4:30 p.m. “Jump Start: Intro to Ent-repreneurship,” a Salt Lake Chamber seminar. Event isdesigned for all entrepreneurs:those looking to go into business, early startup stage or those look-ing to improve an existing busi-ness. Presenter is Clancy Stone,business advisor at theWomen’sBusinessCenterofUtah.Locationis theWomen’s Business Center,175E.400S.,Suite600,SaltLakeCity. Free.Details are at slcham-ber.com.

March 22, 7:30-8:30 a.m. Eggs & Issues, a Murray Area Chamber of Commerceevent. Speaker is Debbie Hall,regional manager, discussing theAlzheimer’sAssociation.LocationisAnna’sRestaurant,4770S.900E., Salt Lake City. Free unlessordering from the menu. Opento the public.Details are atmur-raychamber.org.

March 22, 8-9 a.m. Silicon Slopes Breakfast, a Silicon Slopes event featuringCurtisCalder,CEOandco-found-er of Anson Calder. Location isSiliconSlopes2600W.ExecutiveParkway,Suite140,Lehi.Detailsareatsiliconslopes.com.

March 22, 9-10 a.m. Pitch Clinic, a West JordanChamber of Commerce event.LocationisWestJordanChamberoffice, 8000 S. Redwood Road,West Jordan.Details are atwest-jordanchamber.com.

March 22, 11:30 a.m.-1 p.m. Monthly Luncheon Series, a Holladay Chamber of Commerceevent. Location is Fav Bistro,1984 E. Murray Holladay Road,Holladay. Details are at holla-daychamber.com.

March 22, noon-1 p.m. Women in Business Lunch-eon, part of the West JordanChamber Women in Business BrownBagLunchSeries.Speakeris Amber Griffiths, CEO andbrandingexpertofYourBrandbyDesign. Location is West JordanChamberoffice,8000S.RedwoodRoad,West Jordan.Detailsareatwestjordanchamber.com.

March 25-27 2019 Site Selectors Guild Annual Conference, a gather-ing of location strategists hostedby the Economic DevelopmentCorporation of Utah. Keynotespeaker isAaronSkonnard,CEOof Pluralsight. Attendees alsowill learn about Amazon’s HQ2site selection process fromHollySullivan, the head of Amazon’sworldwideeconomicdevelopment,andStephenMoret,presidentandCEO of the Virginia EconomicDevelopment Partnership, whowas involved inAmazon’s selec-tion ofArlington, the company’ssecond headquarters in NorthAmerica. Event also will featurediscussion panels, breakout ses-sions and networking opportuni-ties between Guild members andthe professional economic devel-opers; and guild members willalso take toursofSaltLakeCity,meet with local businesses anddineatlocalrestaurants.Locationis Grand America Hotel, 555 S.Main St., Salt Lake City. Detailsareatsiteselectorsguild.com.

March 26, 8:30-11 a.m. Digital Marketing Hack Series: “Pinterest: Creating Ads That Convert,” a Salt Lake Small Business Development Center(SBDC) event. Location is SaltLakeCommunityCollege’sLarryH. Miller Campus, CorporatePartnership Center, Room 101,9690 S. 300 W., Sandy. Cost is$20. Details are at https://www.sba.gov/tools/events.

March 26, 10-11 a.m. “The Art of Negotiation,” a West Jordan Chamber ofCommerce event. Presenter isMarty Gale. Location is WestJordan Chamber office, 8000 S.Redwood Road, West Jordan.Free. Details are at westjordan-chamber.com.

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10 • March 18-24, 2019 • The Enterprise - Utah's Business Journal

see ENNICO next page

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Doyouhavearecentcollegegraduatelivinginyourbasement?Isyourchildgettingclosetograd-uatingfromcollegewithfewor no jobprospectsonthehorizon?Hasyoursonordaughterboomer-angedback toyou aftersome time living on his or her own? If so, you are notalone. Here are some so-bering statistics: •Only27percent of collegegraduates have a job waiting forthemwhentheygraduate. •Morethan40percentofcol-

lege graduates take positions outofschool thatdon’t requireade-gree.

• It takes the av-erage college student7.4monthstofindajobifheorshedoesn’thaveonelinedupupongrad-uation. • Another 16percent will take a year ormoreaftergraduationtofindone. • More than

one-thirdofrecentcollegegradu-ates who took a year or more to find work after graduation makelessthan$24,000ayear(pretax).

•Studentdebtisatanall-timehighof$1.5trillion. • For college grads, it’s ascary world out there.Making itworse is that career service spe-cialists on most college campuses areoverwhelmed,with1,765stu-dents for everyone career place-mentadvisorinAmericancolleg-esanduniversities. Cuethe“DenMothers,”Ran-dye Spina and Frances Trelease,founders of the Millennial Denonlinecareercoachingservice. MillennialDenoffersarangeof online programs and one-on-one consulting designed to helpnew and recent college gradu-

atesbrandthemselvesforsuccessin the jobmarketplace,basedonthe founders’ 38years combinedexperience as adjunct profes-sors, marketing experts and (inTrelease’s case) mother of twocollegestudents. “For me the wake-up mo-ment was when I ran a profes-sionaldevelopmentworkshoplastyear at a local university,” saidSpina. “Most of those in atten-dancehadno idea that recruitersexisted,or thatyoucouldproac-tively write a letter to a company andencloseyourresume.Theyallfeltthattheycouldjustgoonlineand landa$100,000 jobwithoutany effort.We were shocked bythat.” “Theyalsowereuninformedabout the salaries different jobspay,” added Trelease. “Theyweren’tawareyoucangoonweb-sites like salary.com and do re-search on what the typical salary rangesareforvariousentry-levelpositions.” Further research and expe-rience with students on severalcampuses in the Northeast con-vinced thepair that just teachingbasic job-search skills or offer-inghelpwith resumesandcoverletters wouldn’t be enough. In-stead,theDenMothersdevelopeda comprehensive personal mar-keting strategy for college gradsusing the traditional five P's ofmarketing: product, promotion,packaging,placeandprice. Part of the problem— andthis hasn’t changed in decades—is thatcollegestudentsaresofocused on getting their degreesthattheydon’ttakethetimenec-essarytofocusoncareerplanninguntil it’s too late. “Some don’tevenknowthecareerservicesof-ficeexistsuntil theyarehalfwaythrough their senior year. And,our research shows that just 40

percentofcollegestudentsmakeuseofthoseservices,”saidSpina.Butagrowingpartoftheproblemhas to do with the way studentshavegrownaccustomed to inter-actingwithoneanother. “Today’s millennials spendvirtually all of their time online,anddon’tknowhowto‘brand’orpackagethemselvesforin-personjob interviews,” said Trelease.“Believe itornot, the typicalre-centcollegegraduatehasnoideahowtoproperlyshakesomeone’shand, or how important it is tolook someone in the eye when speakingtothem.” Theprevalenceofsocialme-dia can also create problems forpotential job hunters. The DenMothershavepublishedafreee-book(availableontheirwebsite)on ways students and graduatescan clean up their social mediaprofilesbeforetheylookforjobs.“Any pictures or videos of youdrinking, or otherwise just act-inglikeasillyteenagerneedtobescrubbed completely from yoursocial media,” said Spina. “Youhave to look like a professional,one that belongs in a certain en-vironmentandfitstheemployer’scorporateculture.” For example, students look-ingforengineeringjobsmayhaveto present themselves somewhat differently than students lookingformarketing jobs, and law stu-dents may have to brand them-selves differently than studentslooking for tech jobs in SiliconValley. Being fashion-forward isgreatifyouarelookingforanin-ternship onMadisonAvenue butwon’t help you score points ifyou’re looking for a laboratoryjob. TheDenMothers stress that

Got a college graduate in your basement? Time to call the 'den mothers'Succeeding in Your Business

CLIFF ENNICO

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The Enterprise - Utah's Business Journal • March 18-24, 2019 • 11

CALENDARfrom page 9

see CALENDAR page 13

ENNICO from previous page

they are personal career coaches, not recruiters, anddonotget in-volveddirectlyinthejob-huntingprocess (by recommending spe-cific employers, for example),although they will help studentsavoidwastingvaluabletimelook-ingforjobsthatdon’tfittheiraca-demicbackgroundorcredentials. So,timeforthebigquestion:Isitpossibleforahumanitiesma-jorwithnobackgroundinSTEM(science,technology,engineeringandmathematics) toget a job intoday'sworld? “There are myriad careersavailabletohumanitiesgraduates,includingmarketing, advertising,business, public relations — the listgoeson,”saidTrelease.“Withthe right professional packaging,non-STEM graduates can havethatsamehighrateofsuccess.” Forexample,thoselikeyourstruly,whomajoredinhistoryandphilosophy(withaminorinreli-gion), might someday become aworld-famoussmall-businesscol-umnist.

Cliff Ennico ([email protected]) is a syndicated columnist, author and former host of the PBS television series “Money Hunt.” COPYRIGHT 2019 CLIFFORD R. ENNICO

DISTRIBUTED BYCREATORS.COM

March 26, 11:30 a.m.-1 p.m. Women in Business Lunch-eon, an Ogden-Weber Chamberof Commerce event. Location isHub801Events,3525RiverdaleRoad, Ogden. Cost is $20 formembers,$30forguests.Detailsareatogdenweberchamber.com.

March 26, 11:30 a.m.-1 p.m. Women in Business,aSandyArea Chamber of Commerceevent. Speaker is Dell LoyHansen,ownerofRealSaltLake.Location is Rio Tinto Stadium,Audi Executive Club, 9256 S.State St., Sandy. Details are atsandychamber.com.

March 26, noon-1 p.m. “Privacy Trends at Home and Abroad,” a World TradeCenter Utah event. Presenter isTomuJohnson,aprivacyattorneyat ParsonsBehle&Latimer andCEO of Parsons Behle Lab, a software company that providesautomated legal documenta-tion for complying with privacylaws such as the GDPR and theCCPA. Location is World TradeCenterUtah,60E.SouthTemple,SaltLakeCity.Free.Detailsareatwtcutah.com.

March 26, noon-12:50 p.m. Spring 2019 Silicon Slopes Lecture Series at Utah Valley University, a 14-week UVUEntrepreneurship Institute event. Topic to be announced.Speaker is Danielle Ackles,CEO of Merkle. Location isUtah Valley University, ClarkeBuilding, Room 101A, 800 W.UniversityParkway,Orem.Free.RegistrationcanbecompletedatEventbrite.com.

March 26, 6 p.m. “Agile Leadership: The Future of Leading,” a Silicon Slopesevent.SpeakerisBrianM.Rabon,presidentoftheBraintrustConsultingGroupandfounderofthe Center forAgile Leadership.Location is Progressive Leasing, 256W.DataDrive,Draper.Free.Detailsareatsiliconslopes.com.

March 26, 6:30-8:30 p.m. “Raising Girls to Become Leaders: Competence, Confid-ence & Courage,” a UtahWomen & Leadership Project(Utah Valley University) event.Activities include a 30-min-ute keynote by Susan Madsen,Orin R. Woodbury professor ofleadershipandethicsandprofes-sor of organizational leadershipat UVU; and panelists RebeccaChavez-Houck,retiredUtahstaterepresentative and public affairsconsultant;AbbyCox,communi-tyvolunteerandwifeofLt.Gov.Spencer Cox; Jeanette Bennett,

owner and editor ofUtah Valley Magazineandcommunityleader;andMichelle Kaufusi, mayor ofProvo and former school boardmember.LocationisUtahValleyUniversity’s Clark ClassroomBuilding Lecture Hall, 800 W.UniversityParkway,Orem.Free.Registrationcanbecompletedatwwww.utwomen.org.

March 27, 7:30-8:30 a.m. “Coffee Connection,” a HolladayChamberofCommerceevent.LocationisGreatHarvest,4699S.HolladayBlvd.,Holladay.Details are at holladaychamber.com.

March 27, 8 a.m.-noon Cybersecurity Conference 2019, a Salt Lake Chamber event forpeopletolearnpracticalskillsandfoundationalknowledgetheyneed to do their jobs well inthe modern economy. Locationtobeannounced.Costis$80formembers,$100fornonmembers.Detailsareatslchamber.com.

March 27, 8-9:30 a.m. “LGBT Legal Issues in the Workplace,” an Employers Council event that is part of itsLegal Breakfast Briefing Series.Location is the Employers Council, Utah office, 175 W.200 S., Suite 2005, Salt LakeCity. Cost is $99. Details are atemployerscouncil.org.

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12 • March 18-24, 2019 • The Enterprise - Utah's Business Journal

Opinion

FAREED ZAKARIA

VERONIQUE de RUGY

see ZAKARIA next page

In February, Oregon became the firststate in the nation to adopt a mandatorystatewiderent-controlpolicy.Yet,rentcon-trolneverdeliversonthepromisethatitwillmultiplytheaffordablehousinginhigh-val-ue markets to serve middle- andlower-class families. It also al-wayshas negative consequences,andthistimewillbenodifferent. The new statewide law ap-plies to landlords who have atleast four units, one of which isat least 15 years old. It prohibitsthem from increasing rent morethan 7 percent over inflation an-nually.Thebillalsoprohibitsno-cause evictions after the first year of resi-dency,inadditiontotheprotectionsagainstevictionalreadyonthebooks. Thechangecomesafterthemedianrentin the state increased by 14 percent overthreeyearsduringthepopulationboom.Thelargest hike tookplace inPortland,where,accordingtoThe New York Times, rents have grownby30percentsince2011. The Beaver State’s new law is quitea stunning move, as 37 other states actu-allyprohibit cities from implementing rentcontrol.There’sareasonforthat:Itdoesn’t

work.Rentcontroldidn’tprovidemoreaf-fordablehousingwhenitwasimplementedin various regions back during the 1970s,and it hasn’t worked since. It didn’t workwhentheytrieditinParis,anditisn’twork-

ingnowinNewYorkCity,Wash-ington,LosAngelesorSanFran-cisco where rent controls are currentlyinplace.Itwon’tworkinPortland,either. Brookings Institute as-sociate professor of economicsRebecca Diamond did a recentreview of the literature on rentcontrol,findingthat“Rentcontrolappearstohelpaffordabilityinthe

shortrunforcurrenttenants,butinthelong-rundecreasesaffordability,fuelsgentrifica-tionandcreatesnegativeexternalitiesonthesurrounding neighborhood.” The reason issimpleandboilsdowntothelawofsupplyanddemand.Whilesomeofthepeoplerent-ingmaybenefitfromrentcontrolbyremov-ingsomeoftheirrisk,italsogiveslandlordsan incentive to alter their supply of rentalproperty. Theyhaveseveraloptionsbasedonthecircumstances. First, they may withdrawtheir properties from the rental market to

sell them as condos. Former George Ma-sonUniversityChairmanoftheDepartmentof Economics Donald Boudreaux summeditupnicelyina2006lettertotheeditorofThe New York Times: “By decreasing theprofitabilityofsupplyingunitsoccupiedbyrenters, these controls spawn condo con-versions and prompt builders to constructfewerrentalunitsandmoreunitsforsaletoowner-occupiers. People who can’t affordtobuyhousingareunnecessarilydisadvan-taged.”Landlordsmayalsostopinvestinginmaintenance,which,overtime,mayleadtoneighborhoodswithmanyrun-downproper-ties.Thebottomlineisthatrentcontrolnev-erincreasesthesupplyofaffordablerentedhousing. Thegoodnews is that therentcontrollegislation in Oregon may not be as punish-ingaswefear.LookingatZillow’sdataonneighborhoodrentsfrom2010to2017,mycolleagueEmilyHamiltononlyfoundsevenneighborhoodsoutof98—all of them inSalemandBend—where themedianrentincreasedbymorethan7percentannually.Itmeans that a small numberof neighbor-hoodswillbeaffectedandthenegativeim-pactof the lawwill be limited.That is, ofcourse, until legislators get pressured into

loweringthethresholdtothepointwhereitdoestakeabiteoutoftherentalmarketandpreventsgrowth. Now,thereissomethingthatlegislatorsinOregoncandoiftheytrulywanttoslowdownthegrowthofrents,Hamiltontellsme.First,theycouldeliminate—or,attheveryleast,reform—thezoninglawsthatrestraindevelopmentinthestate.There’sabillgo-ingthroughthestatelegislaturethatwouldtake a stab at terminating zoning restric-tionsthatallowonlysingle-familyhomesinmanyneighborhoods.Second,theymustre-formthestategrowthboundaryrequirement,which createsboundaries aroundurban re-gionsoutsideofwhichnodevelopmentcantakeplace.Thatreducesthesupplyofdevel-opmentand,inturn,jacksuptherents.Mak-ingmattersworse,theregulationhasformu-las that allow theboundaries togrowonlyslowly. Slow development opportunities andhighrentsgohandinhand.Timeforanewapproach.

Veronique de Rugy is a senior research fel-low at the Mercatus Center at George Ma-son University in Fairfax, Virginia.

COPYRIGHT 2019 CREATORS.COM

New rent-control laws cannot escape the law of supply and demand

Special counsel Robert Mueller’s re-port,which is expected to be delivered tothe attorney general soon,will end up be-ing a great test of American democracy.Howwillwe handle it? In a nakedly par-tisanfashion—orasawaytobolsterourconstitutional system? It has beenmuch noted thatwe are now in an era of illiber-al democracy. Popularly electedgovernments and leaders — incountriesasvariedasVenezuela,Poland,Hungary,TurkeyandthePhilippines — are underminingindependentinstitutions,violatingimportant norms and accumulat-ing unbridled power. In most ofthesenations,checksandbalanc-eshavebuckledas institutions thatprotectrightshavebeenweakened,politicalpartieshave been craven, courts have been compli-antandthepresshasbeensubdued. InAmerica,thestoryismixed.Thepo-liticalsystemhasfunctionedpoorly,check-ing Pres. Trump’s excesses only alongpartisan lines. This is largely because theRepublicanPartyhascapitulatedtoTrump,evenwhenpartyleadershavebelievedthathewasundercuttingdemocracyitself.Sena-torswhohadspentalifetimerailingagainstthe executive branch’s power grabs havemeekly endorsed Trump’s national emer-gency.TheyhavequietlyacceptedthatCon-gress’centralpower,tospendmoney,canbesubvertedatwillbytheWhiteHouse. Ontheotherhand,someAmericanin-stitutions have pushed back.The judiciaryhasmaintaineditsindependence.Thevari-ous branches of investigative authority—theFBIandtheotherorgansoftheJustice

Department—havedemonstratedthattheyservethecountryandConstitutionabovethecurrent occupant of theWhiteHouse.Thepresshas,byandlarge,beenable towith-standtheextraordinarypressureofapresi-dentwhoalmostdailyattacksandthreatensitsfreedomandindependence.

ButthegreatestcheckonTrumphas surely been the public itself,placing some limits on the presi-dent’s behavior by voting in themidterms and expressing itselfthrough opinion polls and pro-tests. And ultimately this has tobe the hope for the health andstrengthofanydemocracy—thatin the words often attributed toAbrahamLincoln,“youcan’tfool

allthepeopleallofthetime.” My faith in people power has beenstrengthenedinwatchingevents7,000milesawayinIndia.There,too,ademocraticallyelectedleader,NarendraModi,hasaccumu-latedpowerinwaysthatwereattimesau-thoritarian.Inthiscase,thepressureheex-ertedon thebureaucracyand the judiciaryoftenworked.Sodidhisintimidationofthepress,whichwhileoncefieryand freehasessentiallybecomeahandmaidenoftherul-ing party. Businessmen were coerced intosupportingModi’sparty,theBJP,andload-ingitupwithcash. And yet, the BJP recently received adrubbing at the ballot box. Despite com-manding advantageswithmedia coverage,moneyandlocalofficials,India’sdominantparty lostseveralkeystateelectionsafewmonthsago.Why?Inaword,diversity. In a new book on his quarter-centuryof observing Indian politics, Ruchir Shar-

manotesthatthedominantrealityofIndianpoliticsisitsdiversity.Indiaiscomprisedofdozensofdifferentlinguisticcommunities,ethnic groups, castes, tribes and classes.Andtheseidentitiesaremeaningful,shap-ing people’s perspectives on everythingfrom daily life to political preferences.Sharmacitestheheadofalargeconsumerproducts companywho explained that hiscompanydividesIndiainto14sub-regionsbecauseofitsdizzyingdiversity,comparedwith the 20 countries of theMiddleEast,whichgetputbythecompanyintojustfourgroups. ThisdiversityhasprovedtobeIndia’sgreateststrengthasademocracy,ensuringthatnoonepartygetstoobigforitsboots.For40years, thesinglebestprediction in

Indian elections has been that the incum-bent will be tossed out. In the upcomingnational election, Modi has immense ad-vantages — money, a large parliamentary majority,afawningmediaandaslewofex-pansivepopulistspendingprogramstobuypeople’svotes.Eventhen,recentpollsin-dicatedhiscoalitionwould fall shortofamajority. Things have changed because of In-dia’s military tit-for-tat with Pakistan,whichModi has used to push an aggres-sively nationalist line.With no evidence,hehaslabeledalloppositionpartiesasbe-ing anti-national and pro-Pakistan. Thisstrategy might work, but still, he will like-

How America handles the Mueller report will be a test of our democracy

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The Enterprise - Utah's Business Journal • March 18-24, 2019 • 13

ZAKARIAfrom previous page

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lyreturntoofficewithareducedmajority. In their book How Democ-racies Die, Steven Levitsky andDanielZiblattmakethecasethatdiversity helps forge the cultureofcompromiseandtolerancethatiscrucialtodemocracy’ssuccess.Theyargue,forexample,thattheRepublicanPartyhasbecomesorigid, intolerant and abusive ofthis norm in part because it has becomeanethnicallyandraciallyhomogeneousparty. Most Western countries are going to become more diverse.Thatissimplydemographicreal-ity. India demonstrates how thatdiversity—ifembracedandcele-brated—couldactuallyhelpres-cueandstrengthendemocracy.

Fareed Zakaria’s email address is [email protected]. (c) 2019, Washington Post Writers Group

March 27, 9-10 a.m. “Breakfast with the President,” a West JordanChamberofCommerceeventfea-turingAiszaWilde,presidentandCEOofthechamber.LocationisJim’s Family Restaurant, 7609S.RedwoodRoad,West Jordan.Free(payforwhatyouorderonthemenu).Detailsareatwestjor-danchamber.com.

March 27, 4-8 p.m. 14th Annual Wasatch Front Materials Expo, present-edbytheUtahSAMPEChapter.Location is Salt Lake Community College’sMillerCampus,KarenGail Miller Conference Center,RoomKGMC150,9750S.300W., Sandy. Registration can becompletedatEventbrite.com.

March 28-29 Huntsman Venture For-um, presented by the Jon M.Huntsman School of Businessat Utah State University.March28 features a 6 p.m. dinner and7 p.m. keynote address by EricJacobsen, managing partner at Dolphin Capital. March 29 fea-turesamorningkeynoteaddressbyAmyReesAnderson,founderofMediConnectGlobalandRees

CALENDARfrom page 11

Capital; an afternoon keynoteaddress by Scott Watterson, co-founderofIconHealth&Fitness;breakout sessions; “power” pre-sentations; awards presentations;andanetworkinglunch.Locationin USU’s Huntsman Hall. Costis $45. Registration can be com-pleted at https://huntsman.usu.edu/venture-forum/registration.

March 28-29 Leading HR Executive Summit, a Utah SHRM(Society for Human ResourceManagement) event featuringkeynotesessionsandsmall-group“think tanks” to help developstrategies to address common,andcritical,businessdecisionsinyourorganization.LocationistheDixie Convention Center, 1835S. Convention Center Drive, St.George.Cost is$550.Detailsareatwww.utahshrmconference.org.

March 28-29 Utah Plumbing & Heating Contractors Association (UPHCA) Annual St. George Conference. Speakers includeGeorge Hedley, a constructionbusiness coach. Class topicsincludeHR subjects andmarket-ingandlegalissues.Statelegisla-tors will participate in a round-tablediscussionwithindustrypro-fessionals.Eventalsowillfeaturemore than 30 vendors. Location

is the Dixie Convention Center,1835S.ConventionCenterDrive,St.George.

March 28, 8:30-10:30 a.m. “CEO Leadership Xchange: Better Relationships, Better Business,” a Utah TechnologyCouncil (UTC) event. SpeakerJodi Hildebrandt of ConneXionswill discuss rigorous personalresponsibility, and how each oneof us can contribute to build-ing a company culture dedicatedto honesty, humility, connec-tionsandsuccess.LocationistheUTC,13693S.200W.,Suite120,Draper.Free.Registrationcanbecompleted at utahtech.eventbrite.com.

March 28, 10 a.m.-noon “Government Contracting,” a Small BusinessAdministration(SBA)event.LocationisWallaceF. Bennett Federal Building, 125S.StateSt.,Room2222,SaltLakeCity. Free. Details are at https://utahsbdc.org/trainings.

March 28, 11:30 a.m.-1 p.m. Multi-Chamber Lunch, presented by the Murray Area, South Jordan, Southwest Valleyand West Jordan chambers ofcommerce and ChamberWest.Speaker Cyndi Brown, president of Fabrica Creative, will dis-

cuss “TheMedia LandscapeHasChanged(AndThat’sGreatNewsforLocalBusinesses).”LocationisJordanValleyWaterConservancyGarden Park, 8275 S. 1300 W.,WestJordan.Costis$20formem-bers,$30fornonmembers.RSVPdeadlineisMarch25.Registrationcanbecompletedathttps://www.southjordanchamber.org/event-3138138.

March 28, 5-7 p.m. Business After Hours, a Salt Lake Chamber event. Locationis Spencer F. Eccles JuniorAchievement City, 444 W., 100S., fourth floor, Salt Lake City.Costis$7forearly-birdmembers,$10 for members the week ofthe event, $15 for nonmembers.Detailsareatslchamber.com.

March 29, 7:30-8:30 a.m. Eggs & Issues, a Murray Area Chamber of Commerceevent. Speaker to be determined.Location is Anna’s Restaurant,4770 S. 900 E., Salt Lake City.Free unless ordering from themenu.Opentothepublic.Detailsareatmurraychamber.org.

March 29, noon-1 p.m. “Startup Conversation,” a Silicon Slopes event with Sunny Washington, CEO of Because

Learning;KarmelLarson, found-er of Momni; and Jill Dempsey,CEOandco-founderofWeddingLine. Location is Kiln, 2701 N.Thanksgiving Way, Suite 100,Lehi.Detailsareatsiliconslopes.com.

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14 • March 18-24, 2019 • The Enterprise - Utah's Business Journal

see EARNINGS page 23

9$

CORPORATE FINANCIAL REPORTS The following are recent fi-nancial reports as posted by se-lectedUtahcorporations:

Profire Energy ProfireEnergyInc.,based inLindon,reportedcompany-recordnet income of $6 million, or 12cents per share, for the full year2018. That compares with $4.4million, or 9 cents per share, in 2017. Revenue in the most recentyear totaled $45.6 million, upfrom$38.3millionin2017. Thecompanycreates,installsandservicesburnerandchemicalmanagement solutions in the oil andgasindustry. “2018wasabanneryear forProfireaswewereabletoachieveourmostprofitableyearincompa-nyhistory,”BrentonHatch,pres-identandCEO, said inannounc-ingtheresults.“Webelievethatinspiteofpresentmarketvolatility,the future of Profire is exciting.Enabling our five-year growthplan requires investing some ofour cash reserves in 2019. Wemadehiresthroughout2018inor-dertoaugmentoureffortstopro-videsuperiorproductsandunpar-alleled customer experience andplan to continue making strategic hiresandinvestmentsin2019.”

“Oureffortsinthispastyearpaid off andwe are now able toconclude that our internal con-trol environment is operating ef-fectively,” said Ryan Oviatt, thecompany’s chief financial offi-cer. “Profire’s focus on improv-ing controls over financial re-porting, cash management andinternal investments are help-ing us to achieve our long-term goals and five-year growth plan.Throughout2019,weplan to in-vestincurrentproducts,next-genproductdevelopment,internation-al expansion, M&A activity andother areas that we believe will add significant growth potentialandopportunity.”

Clarus Clarus Corp., based in SaltLake City, reported net incomeof $3.5 million, or 12 cents pershare,forthefourthquarterendedDec. 31. That compares with $6million,or20centspershare,forthesamequarterayearearlier. Salesinthemostrecentquar-tertotaled$57.3million,upfrom$52.7 million in the year-earlierquarter. For the full year 2018, thecompany reported net incomeof $7.3 million, or 24 cents pershares.Thatcompareswithanet

loss of $700,000, or 2 cents pershare,for2017. Sales in2018 totaled$212.1million,upfrom$170.7millionin2017. Clarus isadeveloper,manu-factureranddistributorofoutdoorequipment and lifestyle productsfocusedontheclimb,ski,moun-tain and sport markets. Its prod-uctsareprincipallysoldundertheBlack Diamond, Sierra, PIEPSand SKINourishment brandnames. “Asindicatedinourprelimi-naryresults,ourbrandmomentumledtoarecordfourthquarterandfull year that well-exceeded ouroutlook,” JohnWalbrecht, presi-dent, said in announcing the re-sults. “Our brands and productscontinue to resonate with our consumers across all markets, and this was driven by innova-tionthroughoutourentireproductportfolio, an accelerated go-to-marketstrategyandtheexecutionofourgrowthstrategy.” Walbrecht said the companyexpects to introduce about 300newproductsin2019. “Webelieve that our currentplaybook of ‘innovate and ac-celerate’willcontinue toprovideus with strong organic growth in 2019,enablingustofurtherscale

and leverage our portfolio,” hesaid.“Wealsoremainopportunis-ticinanM&Astrategythatseekstofindother‘super-fanbrands’inwhichwecandeployouruniquebrandstrategyplaybook.”

Nature’s Sunshine Nature’s Sunshine ProductsInc., based in Lehi, reported anet loss attributable to common stockholders of $2.9 million, or15centspershare,forthefourthquarterendedDec.31.Thatcom-pareswithanetlossof$17.4mil-lion,or92centspershare,forthequarterayearearlier. Salesinthemostrecentquar-tertotaled$97.3million,upfrom$88.3 million in the year-earlierquarter. For the full year 2018, thecompany reported a net loss at-tributable to common sharehold-ers of $854,000, or 4 cents pershare.That compareswith $12.9million, or 69 cents per share,in 2017. Sales in 2018 totaled$364.8million,upfrom$342mil-lionin2017. Thecompanyisadirect-salescompany focused on the manu-factureandsaleofnutritionalandpersonalcareproducts. “We concluded 2018 on astrong note, generating over 10 percent net sales growth dur-ing the fourth quarter,” TerrenceMoorehead, CEO, said in an-nouncingtheresults.“Thegrowth

wasdrivenbysustainedpositivesales trends inNSPChina,Syn-ergyAsiaPacific andNSPRus-sia,CentralandEasternEurope.Wearepleasedwithhowourop-erationsinChinaaredeveloping,and continue to invest ahead ofthegrowth.NSPChinanetsalesincreased 60 percent during thefourth quarter and rose 46 per-centforthefullyear.” Moorehead said the com-panyis“workingtoreinvigorateour NSP Americas region withmultiple specific initiatives thatsupport our strategic objectives to become more modern, moreflexibleandmoreprofitable.Weseefurtheropportunitytogener-ate growth and capture marketshare,whileimprovingtheprofitprofile of the organization withthe ultimate goal of enhancingshareholdervalue.”

Superior Drilling Products Superior Drilling ProductsInc., based in Vernal, report-edanet lossof$1.4million,or5 centsper share, for the fourthquarterendedDec.31.Thatcom-pareswithanetlossof$786,000,or3centspershare,forthesamequarterayearearlier. Revenue in the most re-centquartertotaled$3.5million,down from $3.7 million in the

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The Enterprise 15February 11, 2019

INSIDE

Issue Sponsor:

see SPIKE page 16

There's an app for thatWhether you're dealing with a fear of fl ying or looking for a clean restroom along your road trip, you can fi nd help on your smartphone. Bahar Ferguson gives you some suggestions for apps that will make your trip more enjoyable.page 22

Travel & Recreation Lists

Recreation Equipment Dealerspage 17

Ski Resortspage 18

Travel Agenciespage 20

Travel & Recreation

“Allaboard!”wasthecalloftheconductortothoseboardingthepas-sengertrainsthatcrisscrossedthecountryformanyyearsinthelate1800sandearly1900s. ButintheyearsfollowingtheCivilWar,thewords“allaboard”werealsoacalltoexploreanationrapidlyexpandingwest-ward.Itwasaninvitationtothepeopleofthelandtoexpandtheirvisionandfulfilltheirperceiveddes-tiny,tojoininexploringanewcountrywhichspreadoutbeforethemtothewest.TheUnitedStateswasavast country, little known butfilledwithpromiseforthefuture.Manyheldavisionofalandstretchingfrom“seatoshiningsea”andbrimmingwithoppor-tunityhelppeoplefulfilltheirbiggestdreams. FewthingscapturedthespiritofthatvisionfortheUnitedStateslikethefirstcontinentalrailroadjoin-ingthecountryfromMissouriin

whatwasthenthe“FarWest”withSacramento in the largely still-myste-riousstateofCalifornia. Priortothecompletionoftherailroad,atripfromNewYorktoSanFranciscocouldtakesixmonthsandcost$1,000.Bylanditwasanardu-ousjourneyfraughtwithchallengeanddanger.AnalternativewasatorturousvoyagebyseaaroundCapeHorn.Butaftertherailroadcame,thetripwasreducedtojustdaysand

costamuchmoreaffordable$150.Inaddition,thetripwasfarlessdanger-ousandwasaccomplishedinrelativecomfortcomparedtowhatpeoplehadpreviouslyexperienced. Althoughoriginallyconceivedin

1845,thePacificRailroadActwasn’tformallyproposeduntil1860andsignedintolawbyAbrahamLincolnin1862.TheCivilWardelayedmajorconstructionontheline,butit’samaz-ingtorealizethatthelinkingofEastandWestbyrailoccurredjustfouryearsafterLincoln’sassassination. Thissummeran“allaboard”invitationisagainbeingissuedtopeopleinUtahtorememberthepastandexplorethefutureforthemselves

by commemorating this sig-nificanteventinournation’shistory. OnMay10,1869,thefinalrailslinkingtherail-roadscomingfromtheEastandfromtheWestmetatPromontory Summit on the northendoftheGreatSaltLake where a commemorato-ryGoldenSpikewasdrivenbyfinancierLelandSanfordtomarktheoccasion. TohonortheoriginalGoldenSpikeceremony,

Utah’sTranscontinentalRailroad150thCelebrationCommissionwasformedbytheUtahStateLegislatureandGov.

Randy HenricksThe Enterprise

Last SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeLast SpikeThis spring, the Golden Spike National Historic Site commemorates the 150th anniversary of the completion of the transcontinental railroad. The celebration

provides a good excuse to take in all Northern Utah has to offer.

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16 · March 18-24, 2019 · The Enterprise - Travel & Recreation FOCUS

GaryHerbertin2017tohonorandcommemo-ratethat1869event.TheCommissionwillcel-ebratethe150thanniversaryofthe“weddingoftherails”andthedrivingoftheGoldenSpikeatPromontorySummitontheweekendofMay10-11.TheCommissionisalsopro-moting many other commemorative events andactivitiesthat“inspire,unify,educateandadvancethelegacyofthishistoricmoment.” EventscommemoratingthedrivingoftheGoldenSpikeincludenumerouscelebra-tionsbeingheldthroughoutthestate,fromare-enactmentofthetrainsfromEastandWest meeting at Promontory Point, to con-certsbytheChoiratTempleSquare,theUtahSymphonyandaspecialconcertbyBrianStokesMitchellandMeganHilty.Othereventsincludeplayswrittentohighlighttheevent,exhibitsandspecialdisplays,aswellasfrontiervillagesreminiscentofthe1869timeperiod,partiesandspeakers. InoutliningtheroleoftheCelebrationCommission,Herbertcalledthecompletionoftherailroad“oneofthegreatestaccomplish-mentsinthehistoryofAmericaandindeedtheworld.Eventodaythetranscontinentalrailroadstandsasapinnacleofhumanachievement.Withthecompletionoftherailroad,Utahbecamethe'CrossroadsoftheWest'anditremainsevensotoday.” “IhopethesecelebrationscanagainhelpunifyourcountryandserveasinspirationforournextgreatAmericanpursuit,”Herbertcon-cluded. Majoreventsplannedforthe150thanni-versaryofthedrivingoftheGoldenSpikewilltakeplaceMay10-12attheGoldenSpikeNationalHistoricSite,whichislocated32mileswestofBrighamCityviaUtahHighway83.TicketsarerequiredandcanbeobtainedthroughtheSpike150website,spike150.org.Thesitewillbeopenfrom8a.m.to7p.m.forthethreedaysoftheevent.Parkhourstypical-lyare9a.m.to5p.m.(exceptThanksgiving,ChristmasandNewYear’sDay). TheGoldenSpikeNationalHistoricSitedrawsnearly60,000peopleperyearandhaspermanentexhibitsabouttherailroadanditshistoryaswellasvideopresentationsandfre-quentspecialeventsandre-enactments.EventsatthehistoricsiteonMay10includethearrivalofJupiterandNo.119replicasteamengines;remarksbydignitariesfromCongress,theNationalParkServiceandthestateofUtah;andakeynoteaddressbyrenownedpresidentialscholarJonMeacham,who will share his historical perspective on the importanceofthecompletionofthetranscon-tinentalrailroad ItisexpectedthattheMay10GoldenSpikecommemorationmaydrawbetween10,000and20,000peopleandgreatlyimpacttheareaeconomy. Inadditiontothehumanparticipants,threeoftheoriginal“spikes”willalsobeinUtahthissummer.ThemostfamousofthespikesisthegoldenonenormallyhousedattheCantorArtsCenteratStanfordUniversity.Butthatspike,togetherwithtwoothers,oneofsilverfromNevadaandoneofironandcop-

HILL AFB AEROSPACE MUSEUM

OGDEN UNION STATION

BEAR RIVER BIRD REFUGE

BRIGHAM CITY PEACH DAYS

WESTERN HERITAGE CENTER

CACHE VALLEY CRUISE IN

BEAR LAKE RASPBERRY DAYS

perforgedinArizonaandoriginallycreatedforthe1869ceremony,willbere-unitedandondisplaytothepublicattheUtahMuseumofFineArtinanexhibittitled“TheRacetoPromontory:TheTranscontinentalRailroadandtheAmericanWest.” Threeotherexhibitshighlightingtherela-tionshipofUtahtotherailroadandtherail-roadtoUtahareondisplayattheUtahStateCapitolBuilding. “TracingthePath,”aphotographicjourney through time tracing the historic raceacrosstheWest,willbepresentedbytheChineseRailroadWorkersDescendantsAssociation.Perhapsasmanyas14,000ChineseimmigrantslaboredonthewestCentralPacificline.ConstructionthroughtheSierraNevadaMountainswasthemostdif-ficultstretchoftherailroadlineandmanylosttheirlivesduringconstruction.Followingthecompletionoftherailroad,manyChinesecon-tinuedtoworkfortherailroad,somefor30or40years. Along with the Chinese, many Civil War veteransandIrishimmigrantshelpmovethetwoendsoftherailline.Oncetheconstruc-tionnearedUtah,BrighamYoungrecruitedlocalmembersofTheChurchofJesusChristofLatter-daySaintstoassist.Commemoratingtheroleoftheserailroadworkersisalsoimportant,accordingtoHerbert. “Theyaccomplishedaremarkableengi-neeringandconstructionfeatandwewillgivethemtherecognitiontheysorightfullydeserve,”thegovernorsaid. Thesecondexhibitistitled“AWorldTransformed:TheTranscontinentalRailroadandUtah.”ItisajointendeavoroftheMerrill-CazierLibraryatUtahStateUniversityandtheUtahDivisionofStateHistory.Ittellsthestoryoftherailroadinpictures,diaryentriesandartifacts.Thisexhibitwilltraveltosev-eralothersitesthisyear. “TheimpactthatthetranscontinentalrailroadhadonthehistoryofUtahcannotbeunderestimated,”accordingtoToddWelch,associatedeanofspecialcollectionsatUSU. “Death,TaxesandanUnexpectedWindfall”isthethirdCapitolBuildingexhibitandtellstheinterestingtaleofhowtheestateofarailroadmogul,UnionPacific’sE.H.Harriman,transformedtheartandarchitectureoftheUtahStateCapitolBuilding.Itisspon-soredbytheUtahDepartmentofHeritageandtheUtahCapitolCommission. Foracompletereviewofstatewideeventscommemoratingthe150thanniversaryoftheGoldenSpike,gotospike150.org. The150thanniversaryceremonyattheGoldenSpikeisonlyasmallsampleoftheinteresting,educationalandfunthingstodothissummerinthenorthernendofthestate.Otherpopularactivitiesandsitestovisitinclude(butarecertainlynotlimitedto):

Hill Aerospace Museum Themuseumhaslargedisplay(70-plus)ofaircraft,fromaWrightbrothersreplicatotheB-1Bomber.HighlightsincludetheB-17FlyingFortress,theSR-71CBlackbird,theA-10ThunderboltIIandoneofthefirstoperationalF-16FightingFalconswhichHillAirForceBasehasbeenassociatedwith.The

SPIKEfrom page 15

see SPIKE page 20

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The Enterprise - Travel & Recreation FOCUS · March 18-24, 2019 · 17

Company Name Address

PhoneWeb

Gro

ss S

ales

2

018

Bus

ines

s C

ateg

ory

No.

of U

tah

Em

ploy

ees

No.

of U

tah

Loc

atio

ns

Major Brands CarriedYear Est.

1Parris RV4360 S. State St.Murray, UT. 84107

801-268-1110parrisrv.com $55.6.M RVs 92 2

Rockwood, Attitude, Cyclone, Salem, Iconic, Powerlite, Sandsport, Vortex, Columbus, Mesa

Ridge, T@B, T@G, Lance, Avalanche, Alpine, XLR, Vortex, Shadow Cruiser, Stryker, Wilderness, Wildcat

2011

2Weller Recreation Inc.936 W. 200 S.Kamas, UT 84036

435-783-4718wellerrec.com $19.6M

Power sports, ATV, motorcycle, sideXside,

snowmobile

35 1Polaris

BRP (Ski-Doo, Can-Am)Yamaha

1962

3Ray Citte RV 1677 W. Riverdale Road Roy, UT 84067

801-773-4951raycitte.com $18.5M RVs 32 1 Forrest Rive, K-Z, Outdoors, Heartland 1946

4Executive Boat & Yacht3600 S. Main St.SLC, UT 84115

801-288-0545executiveboatandyacht

.com$6M Watercraft 9 1 All makes and models of used watercraft 1999

5Monarch Honda 398 W. 800 N. Orem, UT 84057

801-224-4070 monarchhonda.com $4M

Motorcycles, ATVs

sideXsides20 1 Honda 1976

6Robertson Marine LLC2033 S. Main St. SLC, UT, 84115

801-534-1111robertson-marine.com $3.4M

Watercraft, fi shing boats & outboards

8 1 Ranger Boats, Crestliner Boats, Mercury Outboards,Yamaha Outboards, Minn Kota Motors 2010

7Monarch Powersports350 W. 800 N.Orem, UT 84057

385-988-7000monarchpowersports.

com$1M

Electric motorcycles & rideables

4 1 Zero, Husqvarna, OneWheel 2016

8Southpaw Motorsports7586 S. Redwood Road West Jordan, UT 84084

801-849-0913southpawmoto.com $400K

Motorcycles, ATV, SXS,

snowmobile, service &

used sales

4 1 Honda, Yamaha, Polaris, Kawasaki, Suzuki,Can-Am 2013

9Access RV550 S. Redwood RoadNorth Salt Lake, UT 84054

801-936-1200accessrv.com * RVs 40 1 Cherokee, Flagstaff, Cardinal, Palomino, Arctic Fox 1995

10Dearden Equipment125 S. Main St.Fillmore, UT 84631

435-743-5761deardenequipment.com *

ATV, UTV, lawn mowers,

chain saws3 1 Polaris, Toro, Dolmar 1942

11Marine Products949 W. 1700 S.SLC, UT 84060

801-209-4823marine-products.com * Watersports,

lifestyle 20 1Hyperlite, Byerly, LiquidForce, Ronix, CWB,

O'Brien, SlingShot, Straight Line, Connelly, HO Skis, Moomba Boats, Supra Boats, Alumacraft

1970

12Motor Sportsland4001 S. State St.SLC, UT 84107

801-262-2921motorsportsland.com * RVs 65 1

Winnebago, Keystone, Thor, Forest River, Heartland, Pacifi c Coach, KZ, Starcraft, Columbia

Northwest, Aliner1968

*Did not disclose. Please note that some fi rms chose not to respond, or failed to respond in time to our inquiries. All rights reserved. Copyright 2019 by Enterprise Newspaper Group.

The Enterprise strives for accuracy in its list publications. If you see errors or omissions in this list, please contact us at [email protected]

RECREATION EQUIPMENT DEALERS Ranked by Gross Sales 2018

List Development Laneace Gregersen | [email protected]

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18 · March 18-24, 2019 · The Enterprise - Travel & Recreation FOCUS

Resort NameAddress

PhoneWeb

Sn

ow

Con

ditio

ns

Ph

one

Num

ber

Sk

iabl

e

A

cres

N

umbe

r of

Sk

i Run

s

N

umbe

r

of L

ifts

Av

erag

e

A

nnua

l

Snow

fall

B

ase

El

evat

ion

Su

mm

it

El

evat

ion

Ve

rtic

al D

rop

M

iles

to

SLC

Airp

ort

1Park City Mountain Resort1345 Lowell Ave.Park City, UT 84060

435-649-8111parkcitymountain

.com800-222-PARK 7,300 336 41 360" 6,800' 10,000' 3,200' 32

2Powder Mountain Resort6965 E. Powder Mountain RoadEden, UT 84310

801-745-3772 powdermountain

.com801-745-3771 8,464 167 9 500" 6,900' 9,422' 2,205' 55

3Alta 10010 Little Cottonwood Canyon RoadAlta, UT 84092

801-359-1078alta.com 801-572-3939 4,700 116 12 560" 8,530' 10,550' 2,020' 32

4Snowbasin Resort3925 E. Snowbasin RoadHuntsville, UT 84317

888-437-5488snowbasin.com 801-620-1100 3,000 107 11 300" 6,450' 9,350' 2,900' 45

5Snowbird Ski & Summer Resort9385 S. Snowbird Center DriveSnowbird, UT 84092

801-933-2222snowbird.com 801-933-2100 2,500 170 14 500" 7,760' 11,000' 3,240' 29

6Deer Valley Resort2250 Deer Valley DrivePark City, UT 84060

435-649-1000deervalley.com 800-424-3337 2,000 101 21 300" 6,570' 9,570' 3,000' 37

7Solitude Mountain Resort 12000 Big Cottonwood Canyon Solitude, UT 84121

801-534-1400skisolitude.com 801-536-6777 1,200 77 9 500" 7,994' 10,488' 2,494' 35

8Brighton Ski Resort8302 S. Brighton Loop RoadBrighton, UT 84121

800-873-5512skibrighton.com 801-532-4731 1,050 66 7 500" 8,755' 10,500' 1,745' 35

9Brian Head Ski Resort329 S. Highway 143Brian Head, UT 84719

435-677-2035brianhead.com 435-677-2035 650 71 10 360" 9,600' 10,970' 1,548' 35

9Eagle PointP.O. Box 151Beaver, UT 84713

435-438-3700eaglepointresort

.com855-324-3615 650 40 5 400" 9,100' 10,600' 1,500' 217

11Beaver Mountain1351 E. 700 N.Logan, UT 84321

435-946-3610skithebeav.com 435-753-4822 464 48 5 400" 7,232' 8,600' 1,600' 114

12Sundance Mountain Resort 8841 N. Alpine Loop RoadProvo, UT 84064

801-255-4510sundanceresort

.com801-223-4510 450 45 5 320" 6,100' 8,250' 2,150' 55

13Cherry Peak11000 N. 3200 E. Cherry Creek CanyonRichmond, UT 84333

435-200-5050skicherrypeak

.com435-200-5050 200 20 4 322" 5,775' 7,050' 1,265' 99

13Nordic Valley3567 Nordic Valley WayEden, UT 84310

801-745-3511nordicvalley.com 801-745-3511 140 23 4 300" 5,440' 6,400' 960' 51

*Did not disclose. Please note that some fi rms chose not to respond, or failed to respond in time to our inquiries. All rights reserved. Copyright 2019 by Enterprise Newspaper Group.

The Enterprise strives for accuracy in its list publications. If you see errors or omissions in this list, please contact us at [email protected]

SKI RESORTS Ranked by Skiable Acres

List Development Laneace Gregersen | [email protected]

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The Enterprise - Travel & Recreation FOCUS · March 18-24, 2019 · 19

B L A C K C A R & L I M O U S I N E S E R V I C E

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SEVERAL DIFFERENT LAVISHBLACK CARS TO CHOOSE FROM

Call today to schedule

801-657-1455

Plan ahead with private car service to and from the airport or all around the Salt Lake Valley. With our professional drivers, each passenger will receive a safe, high-quality, and reliable ride while feeling like royalty, whether it be for business or pleasure.

THE ULTIMATEPARTY BUSEXPERIENCE

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B L A C K C A R & L I M O U S I N E S E R V I C EB L A C K C A R & L I M O U S I N E S E R V I C EB L A C K C A R & L I M O U S I N E S E R V I C EB L A C K C A R & L I M O U S I N E S E R V I C E

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20 · March 18-24, 2019 · The Enterprise - Travel & Recreation FOCUS

Company NameAddress

PhoneWeb

To

tal S

ales

2018

Per

cent

age

B

usin

ess

Tra

vel

Per

cent

age

V

acat

ion/

Lie

sure

Tra

vel

Num

ber o

f U

tah

Offi

ces

Num

ber o

f U

tah

Em

ploy

ees

Specialties

Yea

r

Est

ablis

hed

President/CEO

1Christopherson Business Travel5588 S. Green St., Ste. 300SLC, UT 84123

801-327-7700cbtravel.com $682M 91% 9% 1 213

Business travel management, corporate

travel technology1953 Mike Cameron

2Hess Corporate Travel150 N. Main St.Bountiful, UT 84010

801 292-8687hesstravel.com $134M 95% 5% 1 40 Business travel

management 1985 Alan H. Hess

3Morris Murdock Travel101 S. 200 E.SLC, UT 84111

801-888-6699morrismurdock.com $110M 70% 30% 5 100

Cruises, leisure vacations, incentives, meetings,

private charters1958 Brian Hollien

4Get Away Today 1650 E. 5700 S.South Ogden, UT 84403

855-GET-AWAYgetawaytoday.com $105.5M 0% 100% 1 55

Discount vacations to Southern California,

cruises, Hawaii & beyond1990

Julie Smith CEO

Chuck Smith President

5Columbus Travel563 W. 500 S., Ste. 180Bountiful, UT 84010

801-295-9568columbusvacations.com $36.8M 0% 100% 1 34 Vacations & cruises

incentive & group travel 2001 Mark Faldmo

6Cruise & Travel Masters4376 S. 700 E.SLC, UT 84107

801-268-4470cruiseandtravelmasters.

com$21M 35% 65% 1 40

Ocean & river cruises, international travel,

honeymoons, destination weddings, anniversary trips,

family vacations, family reunions, group incentives

1984 Toby Nash

7Snelgrove Travel Centers Inc. 145 W. Gentile St.Layton, UT 84041

801-544-1800snelgrovetravel.com $17.9M 0% 100% 1 19 Vacations, cruises, Disney,

ski trips 1991 Richard Snelgrove

8Clawson Travel216 S. 1300 E.SLC, UT 84102

801-582-0303* $15M 80% 20% 1 10 Corporate, international,

airline, cruise, hotel, car 1933 Brad Clawson

9Wren International320 E. 900 S.SLC, UT 84111

801-364-4481wrenintl.com $10M 90% 10% 1 7 Purveyors of fi ne travel,

incentives & groups 1996 Douglas Wren

10Thomas Travel535 E. 4500 S., Ste. D200SLC, UT 84107

801-266-2775thomastravel.com $7M 10% 90% 2 10

Leisure packages, European river cruises,

theater groups1951 Robert Guymon

11All Points Travel141 E. 5600 S., Ste.100Murray, UT 84107

801-466-1101allpointstravelonline.com $3.8M 5% 95% 1 4

Destination & group specialists

full-service agency1992 Marjorie Donoghue

Corina Johnson

12Destinations Inc.1194 W. South Jordan Pkwy., Stes. B&CSouth Jordan, UT 84095

801-446-5000destinationsinc.com * 98% 2% 1 28 Group, meeting

& incentive travel 1990 Rick Lambert

*Did not disclose. Please note that some fi rms chose not to respond, or failed to respond in time to our inquiries. All rights reserved. Copyright 2019 by Enterprise Newspaper Group.

The Enterprise strives for accuracy in its list publications. If you see errors or omissions in this list, please contact us at [email protected]

TRAVEL AGENCIES Ranked by Total Sales 2018

List Development Laneace Gregersen | [email protected]

museumattractsover265,000visitorsannually.Admissionisfree(contri-butionsappreciated).ThemuseumisopenMondaythroughSaturdayexceptThanksgiving,ChristmasEve,ChristmasDayandNewYear’sDay,from9a.m.to4:30p.m. Themuseumalsosupportson-goingresearchandeducationalpro-grams.

Ogden’s Union Station Itwasoncesaid“Youcan’tgetanywhere without going through Ogden!”Initsheyday,nearly120trainsperdaywouldstopatOgden’sUnionStationcarryingbusinessandleisuretravelersalike.UnionStation

haspreservedthehistoryoftheeraandtheareaandcapturedmanystoriesofthestationandthepast.IncludedistheUtahStateRailroadMuseum,theJohnM.BrowningFirearmsMuseum,theBrowning-KimballClassicCarMuseumandtheUtahStateCowboyandWesternHeritageMuseum.Bear River Migratory Bird Refuge

Inthe1920s,duetothelossofmarshesandhugebirddie-offsfrombotulism,localindividualsandorgani-zationsurgedCongresstoprotectthisvaluableresourceinNorthernUtah.In1928theBearRiverMigratoryBirdRefugewascreated.Itisnowoneofover550refugesintheNationalWildlifeRefugeSystem.Ofthemorethan200birdspeciesthatusetherefuge,67speciesnestthere.Theref-

ugeisanexcellentplacetoobservewildlifealonga12-mileautotourroute.Therearealso11/2milesoftrailsaroundtheworld-classWildlifeEducationCenterlocatedone-quartermilewestofI-15atExit363.

Brigham City Peach Days PeachDaysbeganin1904asaneventtocelebratea“dayoff”duringthepeachharvest.Theannualeventattractsapproximately35,000peoplewithavarietyofevents.Thisyear’seventisSept.6-7.

Western Heritage Center Locatedabout20minutesfromBrighamCityonHighway89inWellsville, the center shows pioneer lifeintheOldWestthroughinteractiveexhibits,periodbuildingsandfarmimplementsandseasonalfestivals.Not

tobemissedforthekidsare“BabyAnimalDays,”April3-6,10a.m.to6p.m.

Logan “Cruise In” The37thCacheValleyCruiseInwilltakeplaceJuly4-6inLogan.Itisthelargestthree-daycarshowinUtah,withover800cars.Thereisalsoanindoorareashowingspecialtycars.Activitiesincludea“showandshine”sockhop,concertandMainStreetCruiseofclassiccars.Ticketsarerequiredforsomeevents.

Bear Lake Raspberry Days RaspberryDaysatBearLakeareAug.1-3.Eventsincludeartsandcraftsshows,aparade,theLaketownRodeo,liveconcerts,a5Krun,apan-cakebreakfast,agolftournamentandfireworks.

SPIKEfrom page 16

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The Enterprise - Travel & Recreation FOCUS · March 18-24, 2019 · 21

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22 · March 18-24, 2019 · The Enterprise - Travel & Recreation FOCUS

Travelingisdifferentforevery-one.Somepeopleloveitandsomepeoplehateit.Somepeopledoittogettoworkeverydayandsomepeopledoitfor“work”byvacationingeveryday.Nomatterthereasonbehindyourtraveling,itcouldalwaysgomoresmoothlythanitdoes. Traffic,lackofamenitiesandfeararejustsomeofthethings that can get in the way ofsmoothtraveling.Whilethere is no app that can completely eliminatetrafficorinstantlyridyouofyourfearofflying,there are apps that can help with all thesethingsandmore. Sincedrivingis the most com-monformoftrav-el(foreitherworkorpleasure),itwouldbethemostbeneficialto make smooth-er.Oneofthebest apps to havefordrivingiscalledWaze.Wazeoffersturn-by-turn navigation withhelpfromitsmillionsofusers.Usersonthenavigationappreporttraffic,roadhazards,speedtrapsandmore. Theendresultof

Wazeandallofthedatapooledfromitsusersisaquickertripwithfewersurprises.You’llknowaboutanacci-

dentaheadandbeabletoavoidthetrafficfromitbeforeitbecomesanissue.Usersalsoreportthecurrentstateoftrafficwheretheyareatthatmoment.So,youcanknowwhattoexpectandseeifadifferentroutewouldbebetterforyou. Needproofthatthisis

anextremelyeffectivetool?Well,justlastmonth,policeinNew

YorkCitydemandedthatWazeremovethefeatureofmarkingpolicelocations.ThisalerttootherWazedriv-ers was clearly working aspolicenoticeddriv-ersavoidingtheirhidingspots.TheWazecommu-nityisstrongandusersareproudtohelponeanotherhave a more enjoyable drive. Youmaybehav-ingaquickandticket-freedrivethankstoWaze,butimagineyourworstfearsbeingrealized.Despiteyourwell-planneddeparture,itlooks like you will have to pull over to use a gas stationbathroom.Yikes!Nomatterhowwellyou

dehydrateyourselfpriortodriv-ing, or how well you plan your trip, this can always become a problem.ThesolutiontothisdilemmaistheSitorSquatappbyCharmin(yes,thetoiletpapercompany). SitorSquatshowsalltherestroomsinyourareaandwhetherornotyouwouldwantto sit to use them, meaning they areclean,orsquattousethem,meaningyou’llwanttokeepacleandistance.Youcanalsoquicklyidentifyiftherestroomwillaccommodateyourneeds.Forinstance,theappidenti-fiesiftherestroomishandi-capaccessible,hasadiaperchangingtableandifafeeorkeyisrequiredforuse. LikeWaze,thecontentanduse-fulnessofthisappisthankstothecommunityofusers.Usersofthisapp can say whether a restroom was forsittingorsquatting,identifyif

itwas“awesome”or“stylish,”addadetailedreviewandevenpostphotos.Thankstotheusers,therearenewrestroomsconstantlybeingaddedandexistingonesbeingreviewed.So,ifyouHAVEtogo,makeitmoreenjoyable. Nowthatyouhave the mobile apps tohandleanyroadtrips you may go on, let’sfocusonhandlingflightsandanyanxietyyouoralovedonehaveonaplane.Consideringmorethanhalfofthepopulation has some sort offlightanxiety,oddsarethat someone you know andflywithfacesthesestruggles.SOARisafan-tastic mobile application that helps you overcome a fearofflying. SOARtackleseveryaspectofflightanxiety.Thisapphastechniquestocurbanticipationanxiety,airportanxietyandin-the-airfear.Youcanfindcountlessfactsregardingthetakeoff,climband cruise and landing. The most helpfulinflighttoolistheG-Force

reader. ThisG-Forcechart shows the levelofGs(gravi-tational pull)inrealtime.It also explainsthat planes can take uptofiveGsofforcewithout tak-ingdamage.Thismakesthe little bumps you feelseema lot less threatening

when you see how low they are regis-tering.Ahelpfultiponthisistokeepthephonelevelonyourtable.Ifyouholditinyourhandandmakeaquickmovementwiththebump,you’llseea much larger number than it actually was.

Knowingwhattoexpectwillmakeyourflightmuchmoreenjoy-able.Thisapplicationhasturbulenceandstormmapforecaststhatyoucan

check on while flying.Youcansee the potential turbulenceanditsseverityforthenexthour,sixhoursand12hours.LikealloftheappsIhavementionedin this article, SOARisfree.However,itdoeshavein-app purchases available that consistofadditionalanxietycon-trolcourses.Getting to your vaca-tion spot is onlyhalfofthejourney.

Once you get there, you needto make sure you make the most ofyourtime.ThebestwaytodothisisbyusingtheTripAdvisorapptohelpyoufindfantasticrestaurants,funthingstodoinyourareaandtouristtrapstoavoidatallcosts. Wherever you are, there will beuniqueactivitiesandrestaurantsthatTripAdvisorwillhelpyoufind.Youcaneasilyscheduleyourdaysbybookingsomeofthebest-keptlocalsecrets.Dependingonwhereyouare,you can book sightseeing tours, cook-ing classes, canyon yoga lessons, boat ridesandmore. Everymobileappdiscussedinthisarticlewasdesignedtosolveaproblem that you will run into while traveling.Thankstotheadvance-mentsoftechnology,yourtravelinghasbecomemucheasierandcheaper.Thecoolthingaboutalloftheseappsisthattheiruserspowerthem.Itisn’tjust a single app creator helping you navigateanewarea;itismillionsofsupportive users using this technology tohelpothers.

Bahar Ferguson is the president of Wasatch I.T., a Utah provider of outsourced IT servic-es for small and medium-sized businesses .

aspectofflightanxiety.Thisapphastechniquestocurbanticipationanxiety,airportanxietyandin-the-airfear.Youcanfindcountlessfactsregardingthetakeoff,climb

flying.Youcansee the potential turbulenceanditsseverityforthenexthour,sixhoursand12hours.LikealloftheappsIhavementionedin this article, SOARisfree.However,itdoeshavein-app purchases available that consistofadditionalanxietycon-trolcourses.Getting to your vaca-tion spot is

Once you get there, you

instantlyridyouofyourfearofflying,there are apps that

el(foreitherwork

itsmillionsofusers.Userson

lastmonth,policeinNew

policelocations.ThisalerttootherWazedriv-ers was clearly working aspolicenoticeddriv-ersavoidingtheirhidingspots.TheWazecommu-nityisstrongandusersareproudtohelponeanotherhave a more enjoyable drive. Youmaybehav-ingaquickandticket-freedrivethankstoWaze,butimagineyourworstfearsbeingrealized.Despiteyourwell-planneddeparture,itlooks like you will have to pull over to use a gas stationbathroom.Yikes!Nomatterhowwellyou

chart shows the levelofGs(gravi-tational pull)inrealtime.It also explainsthat planes can take uptofiveGsofforcewithout tak-ingdamage.Thismakesthe little bumps you feelseema lot less threatening

BAHAR FERGUSON

Love to travel - or hate it... there's an app for that

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23 • March 18-24, 2019 • The Enterprise - Utah's Business Journal

International Relief Teams Seeks Skilled Construction Volunteers

International Relief Teams (IRT) is seeking volunteers with construc-tion skills (handypersons or licensed contractors) for one week de-ployments to U.S. flood affected areas to help those families who can-not financially recover on their own, get back into their homes.Our construction teams are currently working in Louisiana in the af-termath of last year’s record floods, and anticipate we will be needed in Texas in the near future. Although skilled construction volunteers are our first priority, we will be adding a limited number of unskilled volunteers to each team. All volunteers accepted for this assignment will be flown commercially from an airport near their home to an airport near the job site, leav-ing on a Sunday and returning the following Sunday. IRT will provide minivans for volunteers to use to for local transportation to and from the arrival airport and to and from the job site.Teams will be housed at local churches or other suitable facilities. Vol-unteers are responsible for bringing their own bedding, towels, and toiletries. There is a $150 volunteer participation fee to help cover airfare and local transportation costs, and volunteers are responsible for their own meals while on assignment. Work is performed Monday through Friday (full days) and a half day on Saturday. Job assignments generally include installing windows, doors, kitchen cabinets; laying tile, linoleum, or wood flooring; build-ing handicap ramps to the home; roofing; drywall and mudding; finish carpentry work, finishing plumbing; and other related tasks. We ask each volunteer to bring basic hand tools, such as a tool belt, hammer, pliers, putty knives, tape measure, etc. Power tools, generators, com-pressors, and other large specialty tools are provided by IRT and our local agency partners. For more information, contact Brett Schwemmer ([email protected]), or to apply for an assignment, fill out an online volunteer application (www.irteams.org).About IRT: Since 1988, IRT has been actively involved in helping fam-ilies in need in 68 international disasters, and 24 U.S. disasters. IRT construction teams worked for more than six years repairing and re-building homes in Mississippi after Hurricane Katrina, and four years in New Jersey after Superstorm Sandy, and is now working in Louisi-ana after last year’s record floods.

VOLUNTEER

EARNINGS from page 14year-earlierquarter. For the full year 2018, thecompany reportedanet lossof$58,000,orzerocentspershare.Thatcompareswithanetlossof$279,000, or 1 cent per share,for 2017. Revenue in 2018 to-taled $18.2 million, up from$15.6millionin2017. The company designs andmanufacturesdrillingtooltech-nologies. “2018was a year ofmanysuccesses and significant prog-ress for SDP,” Troy Meier,chairmanandCEO,said inan-nouncing the results. “Of note,our Drill-N-Ream, a stronglypatented and unique well boreconditioning tool, continuedto gain ground in both NorthAmerica and the Middle East.We believe that our accomplish-mentsstrengthenthefoundationfromwhichwecandrivefurthergrowth.” Meiersaid2019“hasstart-ed out strong in both theMid-dle East and North America.The DNR’s market acceptancein the Middle East is expand-ing quickly andwe believewearepositionedtoaddressarapidincreaseindemand.Wecontin-uetoengageinproductivedia-loguewithourNorthAmericanDNR distributor to pursue op-tions and opportunities to in-creasedomesticmarketpenetra-tion.”

Vivint Solar VivintSolar,basedinLehi,

reportedanet loss attributable to common stockholders of $12.9million,or11centspershare,forthefourthquarterendedDec.31.That compares with net incomeof $183.9 million, or $1.60 pershare,forthesamequarterayearearlier. Revenue in the most recentquarter totaled $63.5 million,down from $66.8 million in theprior-yearquarter. For the full year 2018, thecompany reported a net loss at-tributable tocommonstockhold-ersof$15.6million,or13centsper share. That compares withnet incomeof$209.1million,or$1.85pershare,for2017. Revenue in 2018 totaled$290.3 million, up from $268millionin2017. Vivint Solar is a residen-tial solar provider in the UnitedStates.

Lipocine Lipocine Inc., based in SaltLakeCity, reportedanet lossof$11.7 million, or 55 cents pershare,forthefullyear2018.Thatcompareswith a net loss of $21million, or $1.05 per share, in2017. Revenue in 2018 totaled$428,031,comparedwithnorev-enuein2017. Lipocine is a specialty phar-maceutical company developinginnovativeproductsusingitspro-prietary drug delivery technolo-gies.

APX Group APX Group Holdings Inc.,based in Provo, reported a net

loss of $118.6 million for thefourth quarter ended Dec. 31.Thatcompareswithanetlossof$135.4millioninthe2017fourthquarter. Revenuesinthemostrecentquartertotaled$276.5million,upfrom$235.8millionintheyear-earlierquarter. For the full year 2018, thecompany reported a net loss of$467.9 million, compared withalossof$410.2millionin2017.Revenues in 2018 totaled $1.05billion,up from$882million in2017. APX is the parent holdingcompany and owner of VivintInc., a provider of smart hometechnology. “At the beginning of 2018,Vivint established a number ofkey initiatives to deliver dur-ing the year, including aggres-sive growth targets, cash-flowimprovements, and broad tech-nology enhancements within our smarthomeplatform,”ToddPed-ersen, CEO, said in announcingtheresults. “Aswe lookbackupon theyear,webelievewe’vemadesig-nificantprogressineachoftheseareas.Ouryear-over-yeargrowthinnewsubscribersandtotalrev-enuewas robust at 15.3 percentand 19.1 percent, respectively;ourFlexPayprogramcontinuedtodefineabest-of-breedcapabil-itywithin our industry; and oursoftware,firmwareandhardwarereleases in mid-2018 have ledto material improvements in the qualityofserviceandfunctionalcapabilities.”

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24 · March 18-24, 2019 · The Enterprise - Utah's Business Journal

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