Top 12 Financial and Business News Nuggets from the Second Half of May 2024 that You Might have Missed
{NOTE: This writeup includes news about 12 Utah-based firms and five executives.}
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: A Global Leader in French Pastries and Breads Will Spend $220 Million to Build a New Manufacturing Plant in Brigham City, Utah
Given the size of its Vineland, New Jersey and Canadian manufacturing facilities, I anticipate that Bridor's Utah plant will clock-in at somewhere between 150,000- to 200,000-square-feet when it opens in early 2026.
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.
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.