News: May 2016

Research Weekly - Utah #1 in Economic Diversity

In 2015 Utah became the most diverse economy in the nation while maintaining industry expertise in Financial Services, Information Technology, Life Sciences, and Aerospace. This means that Utah has a wide variety of industries it serves.

Energy Summit Details Massive Project Planned for Uinta Basin

SALT LAKE CITY — The vast oil and natural gas deposits of Utah's Uinta Basin are like a multilayered "cake of opportunity" waiting to be sliced into with horizontal drilling, which is why Scott Saxberg believes the area's worth another $50 million investment this year.  

Utah's Energy Summit Highlights Challenges, Successes

SALT LAKE CITY — The Governor's Utah Energy Development Summit opened Tuesday amid an economic climate for fossil fuels dominated by uncertainty and pessimism — at least for the coming months.

South Jordan Transit-Oriented Development Breaks Ground

South Jordan • Part of a new transit-oriented development broke ground Tuesday at the South Jordan FrontRunner Station.

Derek B. Miller: Utah's Economic Development Workhorse

Most Utahns will instantly recognize company names like eBay, Goldman Sachs, Boeing, Hershey, Oracle, Proctor & Gamble, and Adobe.

One Hour Translation Expands to Utah with Lehi Office

Lehi—One Hour Translation, the world’s largest online translation agency, is expanding in the U.S. The company has opened its third U.S. branch in Lehi, in addition to its North American operations in Palo Alto, California and in Washington DC.

InMoment Breaks Ground on Global Headquarters at Innovative Development

SOUTH JORDAN, Utah--(BUSINESS WIRE)--Today, customer experience technology leader 

Salt Lake City to Consider Scrapping Height Limits for Potential Convention Hotel

Two hotel sites are being considered within the existing Salt Palace Convention Center footprint — a possibility that has led to a proposed zoning change on a four-square-block piece of the downtown property.

Utah Unemployment Rate at 3.7 Percent

SALT LAKE CITY — The number of Utahns looking for work has caused a slight uptick in the state's jobless rate, a new report indicates.

Eight State Grants to Create 84 Rural Jobs

Eight rural Utah companies will get post-performance grants to expand operations, creating 84 new jobs and stimulating private investments totaling $1.9 million.