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Government

Providing perspective and contextual insights on the monetary aspects of Government within Utah that impacts the citizens of the state, from local to international, including agencies and contractors.

NEWS BRIEF: Salt Lake City's Vobev Files for Chapter 11 Bankruptcy Protection with over $470 Million in Secured and Unsecured Debt

NEWS BRIEF: Salt Lake City's Vobev Files for Chapter 11 Bankruptcy Protection with over $470 Million in Secured and Unsecured Debt

Utah Bankruptcy Court filings show that Vobev (a Utah-based beverage can manufacturer, filler, and logistics firm) is moving forward with the Court and its debtors on a "Stalking Horse" bid process to fund the company through its voluntary bankruptcy proceedings and then sell-off the company and its assets.

NEWS BRIEF: The Air Force Sustainment Center at Hill Air Force Base has Awarded a New 10-Year Contract Worth up to $751 Million to Five Businesses

NEWS BRIEF: The Air Force Sustainment Center at Hill Air Force Base has Awarded a New 10-Year Contract Worth up to $751 Million to Five Businesses

The Air Force Sustainment Center of the Ogden Air Logistics Center at Hill Air Force Base (Hill AFB) in Roy, Utah and Layton, Utah has awarded a new 10-year contract to five businesses worth up to $751 million. According to the Contracts News page of the U.S. Department of

BREAKING NEWS: The U.S. Army Selects the "Black Widow" Brand Drone from Utah's Teal Drones for a Five-Year Contract Valued at least $79 Million

South Salt Lake, Utah-based Teal Drones, a wholly owned subsidiary of San Juan, Puerto Rico-based Red Cat Holdings (NASDAQ:RCAT), has been awarded a five-year contract from the U.S. Army valued at at least $79 million. According to the news release announcing the selection by the Army, "The

NEWS BRIEF: Utah Transit Authority to Spend $129 Million for 20 New Low-Profile Light Rail Vehicles for TRAX

NOTE: UTA's contract with Utah-based Stadler USA for these 20 new TRAX cars includes an option to purchase up to 60 additional vehicles during the the coming decade (pending additional funding). The Utah Transit Authority has placed a $129 million order to purchase 20 new low-profile, light rail

NEWS BRIEF: The Utah Housing Corporation Will Sell $200 Million in New Bonds to Support Low-Cost, Single-Family Home Sales in Utah

NEWS BRIEF: The Utah Housing Corporation Will Sell $200 Million in New Bonds to Support Low-Cost, Single-Family Home Sales in Utah

West Valley City, Utah-based Utah Housing Corporation plans to sell $200 million in new bonds next Wednesday, November 20, raising monies to help provide financial support for the sale of low-cost, single-family residences in the state. According to online publisher MuniOS, Utah Housing will sell three bonds next week, in

Three Utah Firms — Paiv, Paramify, and Paterna Biosciences — Have Raised a Combined $14.5 Million in Seed Round Funding

Three Utah Firms — Paiv, Paramify, and Paterna Biosciences — Have Raised a Combined $14.5 Million in Seed Round Funding

How it is that each of these three firms have names that start with the letters "Pa," I cannot say. Nevertheless ... Two Lehi-based firms, Paiv (formerly Gamify) and Paramify, have raised $5.0 million and $3.5 million, respectively, while Salt Lake City-based Paterna Biosciences raised $6.0

"Global Chaos" — The Inflection Point Driving the Coming Transformation of Utah's Quiet, yet Decades-Old, Emerging Ecosystem that will be at the Center of the Next Business Revolution in the "State of Deseret"

Welcome to this 3,500-word Report, the longest ever published by Utah Money Watch. We share this today because we believe the information reported on today, along with the implications contained herein, potentially portend a massive transformation for the business ecosystem in Utah. As such, we welcome your feedback and