Utah's Top 10 Monetary, Financial, and/or Business Stories of May 2024
In our opinion, these 10 stories represent Utah's Top 10 Newsmakers in May 2024 across the monetary / financial / business ecosystem.
NEWS BRIEF: Two Utah Firms have been Awarded Multiyear U.S. Military Contracts Worth a Combined $56.6 Million
Two Utah-based firms have recently been awarded multiyear contracts by two branches of the U.S. military worth a combined $56.6 million.
The first is Ogden, Utah-based Automotive and Industrial Supply Company (AIS), which was recently awarded a three-year contract by the U.S. Air Force worth $46.6
Utah Set a New Record of at Least $39.2 Billion in Equity Deals in 2023 vs. the Previous High of $31.2 Billion Set in 2021, the Latest "Deal Flow Report" Says
M&A activity in Utah in 2023 represented over 91.3% of ALL known equity transactions that occurred in the state last year.
Utah's Top 19 Financial and Business News Nuggets from the First Half of May 2024 that You Might have Missed
NOTE: This writeup includes news about 20 Utah-based firms, 18 separate executives, and the death of one former public official.
NEWS BRIEF: Utah Man Found Guilty in an 18-Year Mail Fraud Scam Totaling over $5.8 Million in Stolen Monies
Kevin Scott Horton of Saratoga Springs, Utah is facing up to 140 years in prison for his crimes.
Utah Is Getting over $126 Million in Federal Dollars for Solar Projects, Affordable Housing and Homeless Projects, and Fixing Lead Pipes
Over the past several weeks, two federal government agencies, and/or their state-level counterparts, have announced over $126 million in combined funding for projects here in Utah.
SLC-based Zanskar Geothermal & Minerals has Raised $30 Million in New Funding to Accelerate its Efforts to Uncover Likely Productive Geothermal Sites in the U.S.
Zanskar plans to deploy the funds to accelerate technology development and advance its portfolio of greenfield power projects to serve new partnerships.