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Christopher M. Lee
Private Party M&A Outlook
A New City
Count Us In
Taking the Plunge
Utah’s Legacy of Innovation Continues
State of Fraud
On the Horizon
It’s a Wrap
Kaysville - MONNIT CORPORATION released eight new low-cost wireless sensors designed for commercial, industrial and consumer applications. Monnit’s wireless sensors are designed to detect and monitor functions that are critical to business or personal life.
Bountiful - SOUTH DAVIS COMMUNITY HOSPITAL received two consecutive awards for excellence in employment. The hospital was awarded the Utah Work Life Award from the Department of Workforce Services and the Employer of the Year Award from the Davis Chamber of Commerce.
Small Business Administration Recognizes Bank of Utah
Ogden - BANK OF UTAH was recognized by the U.S. Small Business Administration Utah District Office (SBA) for outstanding performance for its volume of SBA 504 loans in 2011.
“Each year the SBA recognizes local lending institutions for their use and support of SBA loans in the state,” says Stan Nakano, SBA district director. “Bank of Utah was very active in 2011 by providing guidance to businesses on getting financing via a traditional bank loan or through an SBA government-backed loan.”
Utah’s financial community processed 1,561 SBA loans, totaling $435.8 million. Bank of Utah alone financed $22 million in SBA loans last year—a 64 percent increase over 2010. “Community banks play a huge role in financing small businesses in Utah and across the country,” says Nakano.
SBA’s mainstay, the 7 (a) lending program, backs loans up to $2 million and can be used for working capital, expansion , equipment and for purchasing real estate. The SBA 504 program is designed to help small businesses purchase real estate or large equipment.
“We are very proud to be recognized by the SBA for our business lending activity in the state,” says Douglas L. DeFries, Bank of Utah president. “The people at the SBA have been terrific partners in providing financing for many Utah businesses this past year.”
Cedar City - The UTAH SHAKESPEARE FESTIVAL announced plans to build a $26.5 million Shakespeare theater on the campus of SOUTHERN UTAH UNIVERSITY. Construction of the new 900-seat theater is expected to begin in the fall of 2013 and should be completed by early 2015.
St. George - A local real estate investor recently purchased a 26-townhome pad project called TUSCAN HILLS. NAI SOUTHERN UTAH assisted the bank in the disposition of this project.
St. George - WILSON ELECTRONICS was awarded for product excellence in the Machine-to-Machine (M2M) communications market by Compass Intelligence and NE2NE.com.
St. George - THE MATTRESS STORE recently leased 2600 square feet of warehouse space at 1064 N. Westridge Drive. NAI UTAH SOUTHERN REGION represented the landlord and tenant in the transaction.
Cedar City - LEXINGTON MEDIA GROUP opened beta testing for its new political social networking website, vlobby.com. Vlobby has records for all current office holders and will be updating individual races until each state’s primary election.
St. George - The 22nd Annual St. George Area Parade of Homes was presented by the SOUTHERN UTAH HOME BUILDERS ASSOCIATION and ZIONS BANK. The event featured 28 homes.
Hurricane – Fitness facility CROSSFIT 435 opened at 526 S. Commerce Street, Ste. 110, in Hurricane.
St. George - DIXIE REGIONAL MEDICAL CENTER was named among the nation’s Best Regional Hospitals 2011-12, according to U.S. News & World Report.
Southern Utah Hearing Specialists Join Forces
St. George - ADVANCED HEARING & BALANCE SPECIALISTS and INTERMOUNTAIN HEARING CLINICS recently merged, creating the largest facility in the region for the treatment of hearing and balance disorders, and the area’s only full-time, full-service audiology clinic.
Dr. Eric Maxwell of Intermountain Hearing Clinics has established a solid reputation for providing quality audiology services. With the merger, he will join the four licensed professional audiologists who make up the staff of Advanced Hearing & Balance Specialists, a long-established audiology center that serves patients in eight Southern Utah locations and Mesquite, Nev.
The center’s team includes Dr. Lance Greer, Dr. Natalie Johnson and Dr. Nicole Choules, along with clinical audiologist Kimball Forbes. With Dr. Maxwell, the new team’s combined clinical experience totals 68 years.
Advanced Hearing & Balance Specialists has been the only contracting provider of hearing services at Dixie Regional Medical Center in St. George for the past 27 years. Services include diagnostic medical hearing exams and hearing instruments, hearing aid repairs, custom iPod and swim molds, custom hearing protection, musician plugs and monitors, and industrial testing. Testing and treatment for balance, dizziness and tinnitus problems are also available.