Salt Lake City, Utah, is named the host of the 2034 Olympic and Paralympic Winter Games by the International Olympic Committee. The successful bid emphasizes sustainability, using existing venues from the 2002 Games, and showcases strong state support.
rPlus Energies secures over $1B in financing for its Green River Energy Center in Emery County, Utah. This 800 MW project includes 400 MW solar and 400 MW battery storage, with PacifiCorp as the buyer, and is expected to create 500 construction jobs.
Intermountain Health Transplant Program in Utah is the first to use the OrganOx device, a cutting-edge technology that keeps donated livers viable longer for transplants.
Beyond Inc. celebrates the grand reopening of Overstock.com, connecting buyers with sellers of excess and distressed inventory in expanded categories like furniture, decor and sports collectibles.
The Salt Lake Chamber and EDCUtah announce a strategic combination to strengthen economic development in Utah. EDCUtah joins the Chamber, enhancing statewide economic strategies and coordination.
Nu Skin Enterprises Inc. sets a new Guinness World Records title for the Most People Packing Meal Kits in 24 Hours.
EVŌQ Nano introduces EVQ-218, a groundbreaking nanoparticle designed to combat antibiotic-resistant bacteria without triggering resistance.
Union Pacific Railroad announces two new Focus Sites, located in Cedar City and Grantsville, expanding business access to its vast rail network.
Intermountain Health opens the Castle Solar Farm in Huntington to power 17 facilities, including nine hospitals, with renewable energy for 20 years.
AdvancedMD rolls out more than 30 new features to enhance productivity and revenue for private practices.
Officials break ground on a new Antelope Island Learning Center and theater in Syracuse, Utah, designed to boost awareness of the Great Salt Lake’s importance.
OptConnect introduces ema:USB, the world’s first smart USB modem, enhancing cellular connectivity through seamless plug-and-play integration.
Kodiak becomes the official Breakfast and Bars Sponsor for USA Climbing.
The Milkshake Factory opens its first franchise outside Pittsburgh in Pleasant Grove, Utah.
Gabb introduces the Gabb Phone 4 and 4 Pro, prioritizing safe tech for kids and teens.
Falling State Inc. launches its debut game, “Earl vs. the Mutants,” on PC.
Switchpoint receives $3.8M to provide 94 supportive housing units for seniors and veterans experiencing homelessness.
Aptive Environmental is featured on Designing Spaces on Lifetime TV.
Liberty Safe launches an exclusive safe at Tractor Supply Company honoring fallen and disabled service members. A portion of sales from each USA-made safe supports Folds of Honor scholarships for military and first responder families.
Induction Bio LLC and Arieli Capital LLC announce a partnership and establish the Induction Reproductive Health Studio (IDEAS).
FUNDING
| Recipient | Funding Amount | Led By |
|---|---|---|
| rPlus Energies | $1B+, Debt Financing | Crédit Agricole Corporate and Investment Bank, KeyBanc Capital Markets, MUFG Bank Ltd., Truist Securities Inc., and Wells Fargo Securities LLC |
| Utah Beehive Emission Reduction Plan | $74.7M, Grant | Biden-Harris Administration |
| Coast | $40M, Series B | ICONIQ Growth |
| After.com | $10M, Series A | HighPost Capital LLC |
| Switchpoint | $3.8M, Grant | Olene Walker Housing Loan Fund, The Church of Jesus Christ of Latter-day Saints and the Larry H. & Gail Miller Family Foundation |
| ADDAX Overland | $2.5M | Philo Ventures |
M&A ACTIVITY
Acquisitions by Utah companies
- Fluid acquires NOW Tech
- HB Workplaces acquires MBI Business Designs
- Instructure acquires Scribbles
- Intelvio acquires Professional Crisis Management Association
- Merit Medical Systems Inc. acquires EndoGastric Solutions Inc.
- PCF Insurance Services acquires Montalvo Insurance Agency’s business
- Stripe Inc. acquires Lemon Squeezy LLC.
Acquisitions of Utah companies
