Orem, UT — Nectar, a culture platform specializing in employee recognition and rewards, has partnered with PeakSpan Capital to accelerate the growth and expansion of its platform and suite of product services. PeakSpan Capital is a prominent growth equity firm renowned for its strategic investments in high-potential technology companies. Empowering Organizational Culture This significant investment will enable Nectar to further develop its culture platform, empowering organizations worldwide to cultivate vibrant and engaged workplace environments built on recognition. This will include large ..read more

West Valley City, UT — Harmons Neighborhood Grocer awarded Level Crossing Brewing Company, Chas W. Bangerter & Son Inc., and Johnson Family Farms each $5,000 as part of its Local Supplier Development Grant initiative. The annual grants program, now in its ninth year, rewards local businesses for their exceptional dedication to and effort in producing and providing high quality products for local customers. The recipients of these grants embody the spirit of what it means to contribute positively to our local community and economy.  “Our grant recipients contribute to the essence and s ..read more

Kanarraville, UT — BZI® (bzi.com), a national leader in construction and technology for safer, simpler, and more efficient building processes, announced today that they have been named on the list of Top Workplaces in the nation by USA TODAY. BZI was recognized as the #37 top place to work among companies with 100-499 employees. Recently, the company was named #1 in The Salt Lake Tribune’s Top Workplaces 2023 Awards for large businesses and was also recognized for its positive growth, inspiration, and vision with the Direction Award. In addition, BZI has been recognized in the following nation ..read more

Brigham City, UT — Metl-Span®, a Nucor company, has begun operating its new insulated metal panel (IMP) manufacturing facility located in Brigham City, Utah. Nucor Corporation is North America’s largest steel producer and recycler. Nucor produces steel by recycling scrap metal in electric arc furnaces to make new steel products, making the company one of the most sustainable steel producers in the world. The new $35 million, 127,000 square foot facility is bringing approximately 60 new high-quality manufacturing jobs to Brigham City, and will produce a comprehensive range of insulated wall and ..read more

This story appears in the April issue of Utah Business. Subscribe.  Finding a business mentor is a powerful way to impact your growth, but creating a relationship with one might require getting out of your comfort zone. To best capitalize on the time you can get with your busy mentor, two professionals in Utah offer the lessons they’ve learned. 1. Find a mentor who aligns with your interests or expertise. Dr. Sidni Lloyd-Shorter, president and CEO of Utah Black Chamber, says you first need to understand why you need a mentor and make sure you find someone who aligns with your interests ..read more

Salt Lake City — Utah is home to 15 ski resorts, including the nation’s largest (Park City). A new fact sheet from the Kem C. Gardner Policy Institute shows that Utah’s ski industry contributed $1.94 billion in nonresident visitor spending during the 2022/23 ski season, generating $197.9 million in state and local tax revenue. The industry directly supported 25,980 statewide jobs and experienced a record 7.1 million skier days during this same ski season. “The 2022/23 ski season was unprecedented for Utah,” said Jennifer Leaver, senior tourism analyst at the Gardner Institute. “The data show s ..read more

Park City, UT — Driftwood Capital, a vertically integrated commercial real estate firm providing accredited investors opportunities to invest in hospitality assets, is pleased to announce that it has secured $33 million in refinancing for the Sheraton Park City hotel in Park City, Utah, a 200-key hotel situated near world-class ski trails, training facilities, and year-round outdoor amenities. Berkadia South Florida’s Managing Directors Michael Weinberg and Scott Wadler, along with their team members Alec Fox and Edmund Aramayo, arranged the 5-year, fixed-rate CMBS loan through Goldman Sachs B ..read more

Paris, France — Fairmat, the leading French deeptech company specializing in carbon fiber recycling and advanced recycled material manufacturing, chooses Utah for their first US facility and office, bringing 25 new jobs to the state. This expansion leverages Fairmat’s tech-enabled manufacturing processes, developed initially in France at their HQ and in Spain, to address carbon fiber waste issues throughout the United States. Fairmat’s breakthrough mechanical process converts carbon fiber composites, collaborating with clients across different industries from mobility, electronics, sports, to ..read more

Park City, UT — Today, the nonprofit Sundance Institute announced the opening of a Request for Information (RFI), beginning on April 17 and closing on May 1, followed by a Request for Proposal (RFP) process to explore viable locations in the United States to host the Sundance Film Festival beginning in 2027.  The Festival, a public program run by the nonprofit, is the pre-eminent gathering of original storytellers and audiences seeking new voices and fresh perspectives and supporting independent film. The Festival had a record number of submissions this year — more than 17,000 from 153 co ..read more

This story appears in the 2024 Advisor, a publication sponsored by Colliers Utah.  The story of Utah Valley University (UVU) begins in the wake of the Great Depression and on the brink of the United States’ involvement in World War II. In the fall of 1941, vocational classes taught throughout Utah were consolidated into the Central Utah Vocational School in Provo, Utah. Here, students were trained in the critical skills needed to construct arms and ammunition for the war.  After the war ended, advocates for the school petitioned for funding to make the school a state-supported ..read more