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.
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.
Utah's Top 17 Business News Nuggets from April 2024 that You Might have Missed
{AUTHOR'S NOTE: Clearly, not every news announcement deserves to be the top story of the day. Nevertheless, many news items are still significant and should be acknowledged as such. Hence, this write-up is designed to specifically focus on Utah's business "news nuggets" from the
Southern Utah University Breaks Ground on its New $37.5 Million, 44,000-Square-Foot Music Center
Construction is slated to start in June 2024, with completion targeted in time to host classes beginning with the fall 2026 semester.
NEWS BRIEF: Florida's Driftwood Capital Lands a $33 Million Refinancing for its Sheraton Park City Hotel
Coral Gables, Florida-based Driftwood Capital has secured $33 million in capital from Goldman Sachs to refinance the Sheraton Park City Hotel in Park City, Utah.
Backed by over 1,200 active accredited investors, Driftwood specializes in acquiring and managing hospitality properties (primarily hotels).
It currently owns over 85 properties with
Utah's Most Valuable Public Company, Extra Space Storage, is Raising up to $800 Million in a Secondary Shelf Offering
The market valuation of Extra Space Storage is "over four times greater than Utah's next two highest valued publicly traded firms (as of yesterday's market close):" HealthEquity and Zions Bancorporation.
Kinect Capital Welcomes 23 Presenting Companies to this Week's Investor Choice Conference in Salt Lake City
"According to Kinect Capital, its data says that since 2009 Investors Choice alumni firms have raised over $1.2 billion in investment capital while also achieving financial exits of over $10 billion."