Overnight rental operations are profiting so heavily from tourism that they are directly preventing other types of business from starting up, according to a study from early 2018. The findings were corroborated by an economic study completed earlier this month.
Utah’s nonfarm payroll employment for April 2019 grew by an estimated 3.2 percent, adding 48,600 jobs to the economy since April 2018. Utah’s current employment level registers 1,555,400. March’s year-over job growth rate of 3 percent was revised up to 3.1 percent, according to a statement from Utah Department of Workforce Services.
The U.S. Small Business Administration Office of Innovation and Technology has announced the fifth round of the Growth Accelerator Fund Competition. This competition will recognize the nation’s most innovative accelerators (as well as incubators, co-working startup communities, or other similar models) and award these organizations cash prizes. In 2019, SBA will award up to 60 prizes of $50,000 each for a total of $3 million in prizes under this announcement, according to a press release from the SBA.
The sun-bleached letters drawing people to the Hole N The Rock tourist stop off Highway 191 were revitalized with a new coat of paint by Jeff the Painter on Saturday, May 11.Courtesy photo
The State of Colorado will no longer promote the production of natural gas in eastern Utah and western Colorado, leaving such efforts up to individual counties to take leadership roles in such projects.
The Red Rock 4-Wheelers hosted the Moab Chamber of Commerce’s monthly luncheon on April 9 with a four-wheeling excursion at the Fins & Things Trail in the Sand Flats Recreation Area.
The Blanding City Wellness Center and Utah State University will host a Four-State Business Expo and Job Fair April 19.
April is National Financial Literacy Month, established in 2003 to teach Americans the importance of creating and maintaining healthy financial habits.
The Desert Rivers Credit Union in Moab is expanding to Blanding.
The Sloan Law Firm, PLLC has added associate attorney Daniel W. Boyer to its team. Boyer has worked in the attorney general’s office in Salt Lake City and has over five years of experience in civil litigation, including appellate work, according to a press release from the firm.
The Southeastern Utah Economic Development District has a Revolving Loan Fund available for businesses that qualify, and that money can make all the difference to a small operation, according to SEUEDD spokesman Richard Shaw.
Utah’s nonfarm payroll employment for February 2019 grew by an estimated 2.8 percent, adding 42,400 jobs to the economy since February 2018. Utah’s current employment level registers 1,536,300, according to the state’s employment summary.