March 13, 2013

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Around Utah

March 13, 2013

Provo − The Milken Institute ranked the PROVO metro area the seventh-best performing city in the nation. The criteria on which the data are collected includes jobs, wages and salaries, and technology growth.

Lehi − STATION 13 launched a mobile café and doughnut truck at 1325 E. Main Street in Lehi. The company plans to open another location west of Lehi later this year.

Alpine − NUM NUM CONFITERIA opened in the SHADOW MOUNTAIN JUNCTION CONVENIENCE STORE AND GAS STATION. The menu includes waffles, churros, chicken nuggets, fries and more.

Provo − The United States Patent Office issued INSIDESALES.COM U.S. Patent No. 8,325,738, protecting the ability to engage in any auxiliary function (call recording, conferencing a call, etc.) of a web-based phone call after the call has been made.

 

Northern Utah

MarketStar Celebrates 25th Anniversary

By Di Lewis

Ogden − When MarketStar was created 25 years ago, founder Alan Hall says he could never have anticipated the company’s growth or the way technology would shape the way MarketStar does business.

MarketStar’s current CEO, Dave Treadway, says much of the company’s growth can be attributed to a shared set of values between Hall and himself. He adds that the company took off because it treats employees and clients with fundamental respect.

Treadway, who joined the company 10 years ago, says sales and marketing has become even more about client-to-customer relationships and connections than it was when he joined the company, but that MarketStar has adapted to challenges and changes and will keep doing so.

“I think the future is extremely bright,” he says. “The world is growing rapidly, but you’ll never get away from the need for people connecting with people.”

MarketStar was originally created when Hall could not find a sales force for Netline, a technology company he was once president of. TempReps, MarketStar’s original name, eventually eclipsed Netline when Hall realized other companies in the fast-growing tech industry would need help with marketing and sales.

With a second mortgage, Hall got the funding needed to get TempReps off the ground and he says it “just took off.”

“There were no angels, no investors, no one to help us back then,” Hall says, adding that he’s grateful for the employees and clients who took a leap of faith to make the company what it is today.

Though Hall sold the company 13 years ago, MarketStar has continued to grow, and Hall says he is excited to see the company grow into the force it has become.

 

Home Sales Jumped in Weber and Davis Counties

Davis/Weber − Davis and Weber counties saw large increases in home closures during 2012, according to year-end data released by the Utah Association of Realtors.

Sales in Davis County were up 21.6 percent from 2011 (3,042 to 3,699), while Weber County saw a 20.8 percent increase in home sales.

“These numbers are very exciting, not just for those in the market for a new home, but also those looking to sell their existing homes,” says Christy Vail, president of the Northern Wasatch Association of Realtors.

Closed sales in Weber County jumped from 2,587 in 2011 to 3,125 in 2012, while the average sales price of those homes rose from $155,157 to $161,150. Davis County’s average sales prices increased from $213,873 to $216,246.

In addition to the sales increase, Vail pointed out that pending sales were also up 23 percent in Weber County and 22.9 percent in Davis County.

Homes also spent less time on the market in 2012 before being sold. “We saw a decrease of 15 days in the time it took to get those homes sold in Davis,” Vail says. “This is encouraging because it’s a great indicator of confidence in our Utah market, and for the potential seller looking to ‘move up’ it indicates their existing value is increasing.”

Overall, Utah saw a 12.4 percent increase in homes sales (32,646 to 36,699 homes sold) while the average home price rose from $173,500 to $180,000.

 

Layton − PLURALSIGHT received a $27.5 million investment from INSIGHT VENTURE PARTNERS to accelerate its expansion. The financing marks the first outside investment in Pluralsight, which was founded in 2004 as a classroom-based training company, designed for developers by developers.

Clearfield − WOODBURY TECHNOLOGIES INC signed an agreement with Yonsei University Medical Device Development & Promotions Center, and Yonsei University Wonju Leaders in Industry-University Cooperation Agency, to promote international business. The primary goals of the agreement are to foster the development of medical device technology and assist Korean manufacturers in meeting regulatory requirements in the United States.

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