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June 8, 2026 | Volume 4, Issue 22

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INSIDE ENERGY Utah joining four-state consortium for geothermal energy Page 3 OLYMPICS New center to study economic impacts of upcoming Games Page 5 GREAT SALT LAKE Lithium extraction plant coming Page 7 INDUSTRY BRIEFS Pages 12-13 PEOPLE ON THE MOVE Page 13 BUSINESS CALENDAR Page 14 O’Leary Digital Utah Development has released drawings of its proposed “Wonder Valley” data center project in Box Elder County, including this administration building at one of six data center “clusters” envisioned for the site. Gov. Spencer Cox recently issued an executive order aimed at reining in such developments. (Courtesy O’Leary Digital Ltd.)

OF NOTE

Cox responds to public outcry

Executive order sets ‘higher bar’ for data centers John Rogers Salt Lake Business Journal

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Faced with deepening statewide concern over the proposed construction of a massive data center complex in Box Elder County — along with blowback over data centers in general — Gov. Spencer Cox has issued an executive order hoping to assuage public worries. The order, which went into effect with its issuance, was not specific to the Stratos Project that spawned the current uproar, but to data center development of any kind. “Utahns deserve confidence that water resources, air quality, utility rates, wildlife and quality of life will be protected,” Cox said in a post on X. “This framework helps ensure that data center development aligns with Utah’s interests and reflects Utah values.” The Stratos Project, dubbed “Wonder Valley” by developer and TV personality Kevin O’Leary of ABC-TV’s “Shark Tank,” is a joint development

between Utah’s Military Installation Development Authority (MIDA) — which approved the deal with a series of resolutions in April — and O’Leary’s Digital Utah Development Co. Slated for a 40,000-acre unincorporated tract in western Box Elder County, announcement of the project raised immediate concerns over water usage and environmental impact. Of particular concern is the net impact on water flow into an already distressed Great Salt Lake. Cox’s order, titled “Establishing a Higher Bar for Data Center Development in Utah,” directs state agencies like the Department of Environmental Quality and Department of Natural Resources to adhere to a broad policy framework that promotes job growth in rural areas, keeps utility bills down, protects air quality, mitigates wildlife impacts, supports transparency in public dialog and ensures usage of water destined for the lake does not increase. Data center development must also align with Utah’s “long-term interests,” according to the document’s tenets.

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Agencies that will have involvement in data center development are instructed to coordinate closely with one another, local governments and policymakers to ensure consistent implementation of the framework of the order and continued public engagement as proposals move through review processes. “Utahns have raised important questions about the impact large data centers could have on water, air quality, utility rates and quality of life,” said Cox in a statement released by his office. “Those concerns deserve to be taken seriously. This executive order establishes a higher bar for how these projects are evaluated and ensures that economic strength and environmental stewardship go hand in hand.” Cox’s action in issuing the edict seemingly signals a softening of his initial gung-ho support of the Stratos Project. In an early-May statement, as details about the project began to emerge see DATA CENTER page 2

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2 | June 8, 2026

SALT LAKE BUSINESS JOURNAL

DATA CENTER from page 1

publicly, he praised the project for supporting national security in addition to economic development. Project supporters described Stratos as infrastructure that could support AI, cloud computing and defense operations. Cox’s statement echoed those sentiments. Following the release of his executive order, Cox said, “The public has raised concerns that some of us didn’t think about and that are important.” Cox admitted his order could delay the Stratos Project and suggested he may call a special legislative session this fall to address state law surrounding data centers. The governor issued his executive order at a roundtable discussion about the perils of the Great Salt Lake at the George S. and Dolores Doré Eccles Wildlife Education Center in Farmington Bay. Present were business leaders, state officials and members of the state’s congressional delegation. He stressed the emphasis put on the lake by his data center order. “The Great Salt Lake is one of Utah’s greatest treasures and one of our most important responsibilities,” said Cox. “The progress we’ve made over the past several years shows what’s possible when state leaders, local communities, researchers, conservation groups and federal partners work together. We have more work to do, but I’m encouraged by the momentum we’re seeing and the growing commitment to the lake’s future.”

Stratos Project Updates

Referendum applications rejected Box Elder County officials have rejected three applications to place referendums on the general election ballot concerning the county commission’s approval of the Stratos Project data center. The Box Elder County Attorney’s Office said the decisions made by the commissioners were not “legally referable to voters.” Officials said that because the county commission’s decisions on the data center were not laws but rather “administrative actions,” the resolutions could not be challenged by referendum. “The Box Elder County Clerk’s Office is committed to overseeing the referendum process with strict adherence to state law,” said County Clerk Marla Young. “Because I am obligated to interpret and uphold the law, I am legally bound to reject the applications for referenda of these resolutions,’ said Stephen R. Hadfield, Box Elder County attorney. “Well, there will be litigation, but that’s up to our attorneys on how we pursue that,” said Brenna Williams, spokesperson for Box Elder Accountability Referendum, one of the groups behind the referendum effort. “There will be a challenge. We are not going away.” Turning up the heat Robert Davies, a physics professor at Utah State University, has estimated that the proposed Box Elder data center project would dump an unprecedented amount of heat into the Northern Utah ecosystem.

The estimated 16 gigawatts of heat load would be “the equivalent of about 23 atom bombs’ worth of energy dumped into this local environment every single day,” Davies told “The Verge,” an online media publication owned by Vox Media. “You’re trying to cool hot radiators by blowing hot air over them.” Davis quoted one preliminary estimate that suggests a daytime environmental warming of 2 degrees Fahrenheit to 5 degrees Fahrenheit and nighttime warming of 8 degrees Fahrenheit to 12 degrees Fahrenheit. Davies said some scenarios could push nighttime warming as high as 28 degrees Fahrenheit. “The thermal load from the proposed Stratos project is extreme,” Davies said, “Of course it has effects. One of those effects is this: This facility imposes substantial drying on a watershed and ecosystem already in active collapse.”

Second water rights application withdrawn A second application for a change in water rights tied to the Stratos data center project has been withdrawn following the receipt of hundreds of protests by the Utah State Engineer’s office. The application to change the water usage from stock watering and domestic use to industrial use was submitted in late April by Murray Hollow LC. The change would presumably allow the water to be diverted to the proposed natural gas-fired power-generating plant at the data center. In early May, Bar H Ranch withdrew a similar application when the Water

Rights Division of the State Engineer’s office received more than 3,000 protests of the change, each accompanied by a nonrefundable $15 fee. Bar H Ranch is expected to refile its water rights change application. “Water diverted under this application will be used primarily for power generation. A portion of the water will also be used in connection with a data center that will operate as a closed-loop system,” the Murray Hollow application read. As with the fees paid with each protest of the Bar H Ranch application, no refunds will be made following the withdrawal of the Murray Hollow application. Committee to conduct data center study Members of the Utah Legislature’s Natural Resources Interim Committee have voted to add a study of the impacts of data center development to its workload in response to the heated debate over the Box Elder County Stratos Project. The move was proposed by Rep. Doug Owens, D-Salt Lake County. Republicans on the committee agreed to the motion. The committee did not say what the study would entail or when it might be conducted. Governor’s office answers FAQs The office of Gov. Spencer Cox has released a document responding to frequently asked questions about the Stratos Project in Box Elder County. The form can be accessed at https://governor.utah.gov/wp-content/uploads/FAQon-Stratos-Project.pdf.

Homebuilder sentiment on the rise

New data from the National Association of Home Builders shows some optimism in the housing market. And right about now is supposed to be peak homebuying season — an important time for agents, lenders, and the many people whose industries depend on people fixing up and furnishing new pads. A lot of new data expected early this month will tell us how the housing market is actually doing, including pending home sales, building starts for new construction, and the NAHB/Wells Fargo Housing Market Index for May. Builders’ expectations — which include “current sales conditions,” “sales expectations,” and “potential buyer traffic” — ticked up a few points in May after dropping in April, according to the index.

In Miami, Joanna Jimenez of The Opes Group at Compass said most of the transactions her team works on are

resales of existing homes. She’s noticed that two different markets are emerging. “In neighborhoods where buyers are

heavily reliant on financing, we are seeing they are taking longer to make decisions, they’re touring more properties, they’re very price-sensitive, so a lot of those buyers are asking for credits to help offset, like the higher borrowing costs,” Jimenez said. In the other market, where a significant number of the transactions are in cash, buyers are moving much faster. She said it’s good to be aware of what’s happening across the country, but she’s focused on the local picture: “What are the cash sales shared in your ZIP code? How many months of inventory do we have? What is the median sales price? Did it go up? Is it going down?” Jimenez said it’s these hyperlocal numbers that help the most when navigating the market with her buyers and sellers.

June 8, 2026 | 3

SALT LAKE BUSINESS JOURNAL

Utah joins four-state consortium to bolster geothermal energy production John Rogers Salt Lake Business Journal The move toward geothermal energy generation is heating up — no pun intended. A bipartisan coalition of four Mountain West states has joined a pair of nonprofits to form the Mountain West Geothermal Consortium. The new group has the stated objective to work on the policy and economics of fostering more successful geothermal projects. The launch of the consortium was announced recently when Gov. Jared Polis of Colorado joined Gov. Spencer Cox of Utah via remote video for a news conference in Salt Lake City. The governors met with the press following an “energy superabundance” workshop as part of a meeting of the Western Governors Association. Polis is a Democrat and Cox is a Republican. The consortium brings together governors, regulators and energy policy experts from those two states and their Mountain West neighbors, Arizona and New Mexico, along with staffing and operational help from two nonprofits, the Center for Public Enterprise and Constructive, both of which employ former Department of Energy staffers. Regarded as a method of electrical generation that most can agree on, geothermal got another shot in the arm recently when leading geothermal company Fervo Energy announced it has raised almost $2 billion in an initial public offering. Fervo is developing two major enhanced geothermal systems (EGS) in Utah: the Cape Station project in Beaver County and Project Blanford in Millard County. Cape Station is considered Fervo’s flagship next-generation geothermal plant and is on track to become the world’s largest EGS, generating about 100 megawatts of operating capacity by 2027.

Crews complete Phase 1 construction at Fervo Energy’s Cape Station geothermal power plant in Beaver County. Utah recently joined a four-state bipartisan consortium designed to facilitate rapid development of geothermal projects in the Mountain West. (Courtesy Fervo Energy) “The idea that we can unleash clean, affordable, dispatchable power — that’s kind of the Holy Grail, what we’ve all been chasing. And yet it’s a reality now in ways that it’s never been before,” Cox said during the news conference. Geothermal energy has made great strides recently, particularly in Utah. Circumventing traditional energy development limitations — especially in licensing and permitting — the technology relies on naturally occurring subterranean hot water and steam to turn turbines that generate electricity. Now, new drilling techniques and equipment are enabling developers to access heat in more locations and at greater depths than was previously possible. The consortium was formed to help coordinate permitting, financing and power purchase agreements for geothermal projects, according to the governors. The activities might include assistance with permitting on state-level issues like water usage, attracting public dollars to

geothermal projects, and upgrading geophysical data to guide geothermal development. Michael O’Connor, a former Department of Energy official who was involved in geothermal development programs at the DOE, has been named director of the consortium. “We think that the public sector should be a part of the capital stack, and so what we’re trying to do is build investment programs that leverage the states’ ability to provide the early concessionary capital and match that with private-sector capital,” O’Connor said. “The consortium has done a whole bunch of financial modeling around this, and we’re now working with energy offices to build that into actual programs where they can start funding.” The Center for Public Enterprise, a think tank and consortium member that works on public policy issues, published a white paper earlier this year suggesting the formation of the group, stating that a coordinated effort among states could fa-

cilitate projects that have already demonstrated technological feasibility. The center’s paper suggested states “create new tools to support catalytic public investment in and financing for next-generation geothermal.” “Utah is working to double power production over the next decade and build the energy capacity our state will need for generations. Geothermal energy is a crucial part of that future and Utah is proud to be a founding member of the Mountain West Geothermal Consortium,” Cox told climate change watchdog website Heatmap in a statement. “Colorado is a national leader in renewable energy, and geothermal can provide always-on, clean, domestic energy to power our future,” a statement from Polis said. “Colorado is proud to partner on a bipartisan basis with states across the region to found the Mountain West Geothermal Consortium.” Cox also cited projects like Utah FORGE (Frontier Observatory for Research in Geothermal Energy), a laboratory sponsored by the U.S. Department of Energy to develop and test geothermal technologies. Located near Milford, FORGE is managed by the University of Utah. Cox also said universities and colleges could partner with the consortium to train the workforce that’s expected to work in the field. Cox has recently suggested that geothermal energy could be a possible solution to the anticipated power needs of a controversial data center project proposed for Box Elder County. “That’s why this is so important. It’s why I believe in this so strongly. It’s why we’ve been pushing it and other technologies that can help provide the same, again, affordable types of power that are clean, that people can rely on,” Cox said, “and we think that this is a solution to that project.”

AI use makes some feel pressured, others less intelligent

AI may be helping employees get more work done, but for many, the technology is also creating a new concern: dependence. A new workplace study by GoTo and published by Storyboard18 found that half of employees surveyed felt they relied too heavily on artificial intelligence tools, while 39 percent believed that excessive dependence on AI was reducing their skills and making them feel less intelligent. The find-

ings were part of the company’s “Pulse of Work 2026” report, based on responses from 2,500 employees and IT leaders globally. The report showed AI delivering productivity gains, but also raising concerns around how employees are using the technology. Around 30 percent of respondents said they felt they could not function without AI tools. Employees also said there was increasing pressure to adopt AI in workplaces, with 60

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percent reporting that they felt expected to use the technology to improve productivity. Rich Veldran, chief executive officer of GoTo, said employees spend an estimated 2.6 hours each day on tasks that AI could potentially handle. However, he also said many workers were not fully utilising AI’s capabilities, with 80 percent admitting they were not using AI to its full potential and 69 percent saying they were unfamiliar

with practical applications in their roles. The study found younger employees expressing greater concerns over AI dependence. Nearly half of Gen Z respondents, or 46 percent, said relying too much on AI was making them less intelligent. The survey also found that 50 percent of Gen Z employees believed overdependence on AI could hurt long-term career prospects.

2 0 2 6 B E S T O F S TAT E W I N N E R F O R P R I N T I N G A N D P U B L I S H I N G

FULFILLMENT

PACKAGING

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SALT LAKE BUSINESS JOURNAL

SHOPPING – SALT LAKE CITY AREA

Company Name Address

Phone Web

Gross Leasable Area (square feet)

Ranked by Gross Leasable Area

Anchor Stores/ Major Tenants

SALT LAKE

BUSINESS JOURNAL Owner(s) (ticker symbol)/ Headquarters

Top Local Executive

Fairbourne Properties Chicago, IL

Ted Anderson General Manager

Jordan Landing 3751 W. Center Park Dr. West Jordan, UT 84084

801-282-1400 jordanlanding.com

1.8M

Nike, Ulta, Altitude Trampoline Park, The RUSH Funplex, Kohl's, Best Buy, Cinemark, Dick's Sporting Goods, Target, EOS Fitness, Old Navy

Shops at South Town 10450 S. State St. Sandy, UT 84070

801-572-1518 shopsatsouthtown.com

1.36M

JCPenney, Home Goods, H&M, REI, Target

Pacific Retail Capital Partners, El Segundo, CA

Bobbi Norton General Manager

The Gateway 400 W. 200 S. SLC, UT 84101

801-456-0000 shopthegateway.com

1M+

Clark Planetarium, Discovery Gateway Children's Museum, Dreamscapes, Dave & Buster's, HallPass Food Hall

Vestar Phoenix, AZ

Bryan Hill General Manager

Fashion Place 6191 S. State St. Murray, UT 84107

801-262-9448 fashionplace.com

965,000

Nordstrom, Macy's, Dillard's, Crate & Barrel

BPY, Brookfield Properties Retail Group, Hamilton, Bermuda

Mark Thorsen General Manager

Station Park 140 N. West Union Ave. Farmington, UT 84025

801-923-9111 shopatstationpark.com

900,000

H&M, Home Goods, Nordstrom Rack, Harmon's Grocery, REI, Old Navy, Apple, Best Buy, Cinemax Theatres

Centercal Properties, LLC El Segundo, CA

David Anderson General Manager

Valley Fair 3601 S. 2700 W. WVC, UT 84119

801-969-6211 shopvalleyfairmall.com

830,000

JCPenneys, Allstar Bowling & Entertainment, Hobby Lobby, Old Navy, Megaplex 15 Theaters, The Children's Place

Vestar, Las Vegas, NV

Casey Bulkley General Manager

Provo Towne Center

801-852-2401 provotownecenter.com

800,000

JCPenney, Cinemark Theaters, Target

JLL Chicago, IL

Scott Bowles General Manager

801-238-5329 shopcitycreekcenter.com

700,000

The Capital Grille, Restoration Hardware, Nordstrom, Macy's, Louis Vuitton, Tiffany & Co., Apple

TCO, The Taubman Realty Group LLC. Bloomfield Hills, MI

Linda Wardell General Manager

9 13303 Teal Ridge Way

385-276-2832 mountainviewvillage.com

685,386

Sierra, Ross, Five Below, Burlington Coat Factory, Cinemark, X Golf

Centercal Properties, LLC El Segundo, CA

Heather Nash General Manager

Layton Hills 10 1201 N. Hill Field Rd. Layton, UT 84041

801-546-3471 shoplaytonhills.com

600,000

Dillards, JCPenney, Dick's Sporting Goods, SeaQuest Aquarium

CBRE Dallas, TX

Rochelle Fraser General Manager

Trolley Square 11 602 E. 500 S. SLC, UT 84102

801-521-9878 trolleysquare.com

320,000

Old Spaghetti Factory, Whole Foods, Pottery Barn, WilliamsSonoma, Tabula Rasa, Core Power Yoga, Orange Theory

SK Hart Management Salt Lake City, UT

Mandy McKenna Property Manager

The Junction 12 2400 Washington Blvd. Ogden, UT 84401

801-399-4357 visitogden.com/ neighborhoods/thejunction

55,000

Treehouse Children's Museum, The Salomon Center, Megaplex Theaters

The Boyer Company, Salt Lake City, UT

Nate Boyer President

7 1200 Towne Center Blvd. Provo, UT 84601

City Creek Center.

8 50 S. Main St.

SLC, UT 84101

Mountain View Village Riverton, UT 84096

*Did not disclose. Please note that some firms chose not to respond, or failed to respond in time to our inquiries. All rights reserved. Copyright 2026 by Salt Lake Business Journal. The Business Journal strives for accuracy in its list publications. If you see errors or omissions in this list, please contact us at lists@slbusinessjournal.com.

June 8, 2026 | 5

SALT LAKE BUSINESS JOURNAL

New research center will study impacts of 2034 Olympics Brice Wallace Salt Lake Business Journal The Kem C. Gardner Policy Institute at the University of Utah has studied the economic impacts in Utah of hosting the 2034 Olympic and Paralympic Winter Games. Now, along with the Wilkes Center for Climate Science & Policy, it will broaden its research. The university’s Board of Trustees has proposed an Olympic Research Center for Societal Impact that would serve as a research hub looking at the social, environmental and economic impacts of hosting Olympic and Paralympic Winter Games and other large-scale sporting events. “This is work that we’ve been doing for years in this state and we’re trying to ramp it up as we progress towards 2034,” said Natalie Gochnour, director of the Gardner Policy Institute, a key architect of the proposal and co-director of the new center. “Both the Wilkes Center and the Gardner Institute are already doing a lot of this work. What we would do now is expand that work, lean into that work. And as we build up to the 2034 Games, provide more opportunities for people on campus to be a part of this research center.” The concept was developed by the UofU’s Colleges of Liberal Arts and Sciences. John Lin, the Wilkes Center’s scientific director and a professor of atmospheric sciences, will also serve as co-director. Other members of the center’s board of directors are Scott Doughman, who handles Olympic planning and strategic initiatives in the university’s Office of the President; Fielding Norton, the Wilkes Center’s managing director; and Vice

Provost Peter Trapa, senior dean of the College of Liberal Arts and College of Sciences. Administrative directors will be Jennifer Robinson, the Gardner Institute’s chief of staff, and Cassie Slattery, LAS’s director of strategic initiatives. “What we’re doing here is building on legacy,” Lin told the university’s board of trustees. “We have an opportunity here to seize the moment and have real impact. We’re hoping to have a research hub that has several pillars focusing on societal, environmental but also economic impacts. It’s still eight years off. Through those eight years, we have opportunities to engage students with classes, meetings and research, both at undergrad and graduate levels.” The university has several Olympic connections, including serving as the site of the 2002 Games’ opening and closing ceremonies at Rice-Eccles Stadium; housing athletes in campus dorms; and having its athletes compete at the Olympic level, including 31 at the 2026 Games in Italy. It expects to house up to 3,000 athletes in 2034. “We will be in 2034, the only university in the world to have hosted two Olympic Games,” said University President Taylor Randall. “We feel like this [center] is an important investment for the enduring legacy of those Games and how they interacted with our campus. We have to get going on this right now. I know it’s a few years away, but to get things and assets in place, we’ve got to get moving now.” A 2024 study by the Gardner Institute indicates that hosting the 2034 Olympic and Paralympic Winter Games will bring $2.4 billion (in 2023 dollars) in net new direct expenditures to Utah from 2024

through 2034. That will generate estimated cumulative total economic impacts of $6.6 billion in output (industry sales), almost $3.9 billion in state gross domestic product (GDP), over 42,000 job-years of employment, and $2.5 billion in personal income. “We are, bar none, the global example of legacy within the Olympic movement, and that’s because we made a profit in 2002 and we used that surplus to maintain world-class Olympic venues,” Gochnour said. “That’s not a practice that other host cities have been able to replicate. We’ve hosted hundreds of world-class sporting events since the 2002 Games at the Utah Olympic Park (ski jumping and aerials, Park City), at the Utah Olympic Oval (speed skating, Kearns), at Soldier Hollow (cross country skiing and biathlon, Midway) and ski areas.” Gochnour said Utah’s past success hosting Olympics will guide the center’s research questions, including those related to hosting a Games that turns a surplus, produces infrastructure that endures, and how to inspire youth in sport. The university hopes the center will position the UofU as a global leader in Olympic research that can benefit international sport and mega-event hosting. The center’s formation was recently approved by the Utah System of Higher Education board. The next steps include gaining formal recognition from the International Olympic Committee, then expanding the new center’s lines of inquiry once it is operational by inviting scholars and researchers from across campus to join the effort. University entities that have shown interest so far include the Tanner Humanities Center, Huntsman Mental

Health Institute and the Marriott Library. External partners include the IOC, the University of Oregon, the Utah Olympic Legacy Foundation and the Utah 2034 organizing committee for the Games. The IOC has recognized 85 Olympic Studies and Research Centres, or OSRCs, in 28 countries. They promote teaching, research, publications and conferences about the Olympic movement and the Olympic Games with a humanities or social sciences perspective, according to the IOC website. The U.S. currently has only three such centers: at the University of Oregon, which established its Olympic Studies Hub in its business school several years ago, as well as at Arizona State University and the United States Sports University in Alabama. According to a document filed with Utah System of Higher Education board, the UofU’s center will encourage research into the following fields: • Measuring and communicating social, environmental and economic impacts and contributions of hosting Olympic Games. • Creating an enduring and impactful legacy of hosting Winter Olympic and Paralympic Games. • Contributing to the field of Olympic ethics. • Mitigating and adapting to a changing climate and the relationship to the Olympic Games. • Studying how the Games can act as a catalyst for transformative sustainability efforts. • Protecting athletes’ health from environmental exposure (air/water quality/heat).

Big-D’s Moore named president of Utah NAIOP

NAIOP Utah, a professional association of commercial real estate developers, owners and investors, has named Braden Moore, vice president and project executive at Big-D Construction, as president of the Utah Chapter. The appointment becomes effective June 1. NAIOP said Moore will lead its board of directors and work to advance the association’s mission of promoting responsible commercial real estate development across the state. Under his leadership, the chapter will place a strong emphasis on legislative advoca-

cy, “championing policies that support a healthy commercial real estate environment in Utah, as well as deepening the chapter’s commitment to community impact and meaningful engagement across the industry.” “Serving as president of the NAIOP Utah Chapter is an incredible honor,” said Moore. “Utah’s commercial real estate market is one of the most dynamic in the country, and I believe NAIOP has a critical role to play in shaping the legislative and community landscape that allows our industry to thrive. I look

forward to working alongside our members and partners to advocate for smart policy and give back to the communities where we live and build.” Moore brings more than 20 years of construction industry experience to the role, having begun his career in the field as a laborer and carpenter apprentice, a foundation that he said has shaped his deep respect for the craft and for the people who bring projects to life. At Big-D, he served as national project development director before being promoted to vice president of the

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Salt Lake City Group in 2023, where he oversees client relationships, project execution, business operations and strategic growth in the Utah market. Moore has been a member of the NAIOP Utah board of directors. “Braden exemplifies the kind of leader who makes our entire industry better.,” said Rich Hazel, president of Big-D Construction and a former NAIOP president. ‘His passion for construction, his commitment to this state, and his ability to bring people together make him the ideal person to lead this chapter.”

6 | June 8, 2026

SALT LAKE BUSINESS JOURNAL

SALT LAKE

SKI RESORTS

BUSINESS JOURNAL Snow Conditions Phone Number

Skiable Acres

Number of Ski Runs

Number of Lifts

Average Annual Snowfall

Base Elevation

Summit Elevation

Vertical Drop

Miles to SLC Airport

Ranked by Skiable Acres

Powder Mountain Resort 6965 E. Powder Mountain Road Eden, UT 84310

801-745-3772 powder mountain.com

801-745-3772

8,464

154

500"

6,900'

9,422'

2,519'

Park City Mountain Resort 1345 Lowell Ave. Park City, UT 84060

435-649-8111 parkcity mountain.com

800-222-PARK

7,300

341

360"

6,800'

10,026'

3,200'

Snowbird Ski & Summer Resort

801-933-2222 snowbird.com

801-933-2100

3,500

141

500"

7,760'

11,000'

3,240'

4 3925 E. Snowbasin Road

888-437-5488 snowbasin.com

801-620-1100

3,000

107

300"

6,400'

9,350'

3,000'

Alta 10010 Little Cottonwood Canyon Road Alta, UT 84092

801-359-1078 alta.com

801-572-3939

2,614

118

560"

8,530'

10,550'

2,538'

435-649-1000 deervalley.com

800-424-3337

2,026

103

300"

6,570'

9,570'

3,000'

801-536-5786 solitude mountain.com

801-534-1400

1,200

500"

7,994'

10,488'

2,494'

801-532-4731 brighton resort.com

801-532-4731

1,050

500"

8,755'

10,500'

1,875'

435-946-3610 skithebeav.com

435-753-4822

828

400"

7,200'

8,800'

1,700'

114

10 329 S. Highway 143

435-677-2035 brianhead.com

435-677-2035

656

360"

9,600'

10,920'

1,320'

Eagle Point

435-438-3700 eaglepoint resort.com

435-438-3700

650

450"

9,100'

10,500'

1,500'

217

801-225-4107 sundance resort.com

801-223-4510

540

300"

6,100'

8,250'

2,150'

13 3567 Nordic Valley Way

801-298-0155 nordicvalley.ski

801-298-0155

450

300"

5,400'

6,400'

1,000'

Cherry Peak 11000 N. 3200 E. 14 Cherry Creek Canyon Richmond, UT 84333

435-200-5050 skicherry peak.com

435-200-5050

200

322"

5,775'

7,050'

1,265'

Woodward Park City

435-658-2648 woodward parkcity.com

435-658-2648

150"

6,463'

6,812'

349'

Resort Name Address

3 9385 S. Snowbird Center Drive Snowbird, UT 84092 Snowbasin Resort

Huntsville, UT 84317

Deer Valley Resort

6 2250 Deer Valley Drive Park City, UT 84060

Solitude Mountain Resort

7 12000 Big Cottonwood Canyon Solitude, UT 84121

Brighton Ski Resort

8 8302 S Brighton Loop Road Brighton, UT 84121 Beaver Mountain

9 1351 E. 700 N.

Logan, UT 84321 Brian Head Ski Resort Brian Head, UT 84719

11 150 S. West Village Circle Beaver, UT 84713

Sundance Mountain Resort

12 8841 N. Alpine Loop Road Provo, UT 84064 Nordic Valley

Eden, UT 84310

15 3863 Kilby Road

Park City, UT 84098

Phone Web

June 8, 2026 | 7

SALT LAKE BUSINESS JOURNAL

Texas company to build 30K-ton/year lithium extraction plant on Great Salt Lake

Energy Exploration Technologies Inc. (EnergyX), a lithium extraction and refining technologies company with headquarters in San Juan, Puerto Rico, and U.S. laboratories in Austin, Texas, has signed a tentative agreement with Compass Minerals to build a commercial-scale direct lithium extraction plant on Compass property along the Great Salt Lake. Compass Minerals currently operates a 55,000-acre solar evaporation pond operation for salt, sulfate of potash and magnesium chloride products extraction at locations on both the east and west shores of the Great Salt Lake. Under the agreement, EnergyX plans to design, fund, construct and operate a commercial lithium extraction and refining facility on land owned by Compass. EnergyX said the site has been identified as a significant domestic resource of approximately 2.4 million metric tons of lithium carbonate. Terms of the agreement call for EnergyX to lease land from and pay a lithium production license fee to Compass, which will assign to EnergyX its existing lithium infrastructure and bear no capital costs in connection with the project. As now conceived, the plan, dubbed “Project Powder Hound,” would enable EnergyX to develop the project in two phases. In Phase 1, up to 10,000 tons per year of lithium carbonate would be derived from ponds currently operated by Compass Minerals. Phase 2 would explore the

additional potential of about 20,000 tons to be sourced from upstream brine concentration ponds. Lithium will be extracted without additional water withdrawal from the Great Salt Lake, the companies said. EnergyX plans to invest approximately $400 million in the project, which is expected to create nearly 200 jobs in the region. This development in Utah would mark a major milestone for EnergyX, serving as the company’s second flagship U.S. project along with its operations in the Smackover Formation of Texas and Arkansas. The company believes these projects represent transformative steps toward securing a sustainable domestic supply of battery-grade lithium and strengthening the United States’ critical minerals independence. “Our partnership with Compass Minerals demonstrates how strategic collaboration can accelerate the buildout of a secure, self-reliant U.S. critical minerals supply chain,” said Teague Egan, founder and CEO of EnergyX. “We are thrilled to advance Project Powder Hound in Utah alongside an incredible partner in Compass Minerals.” “We are pleased to enter into an agreement to evaluate the leasing of land and licensing of the mineral-rich brine used in our operations to EnergyX,” said Edward C. Dowling Jr., president and CEO of Compass Minerals. “Leveraging portions of our existing infrastructure will facilitate

A concept rendering shows how a planned EnergyX lithium extraction operation on the Great Salt Lake might look in winter. The plant would be built on property currently owned by Compass Minerals. (Courtesy EnergyX) EnergyX’s development plans, support lake conservation efforts and enable Compass Minerals to further strengthen our balance sheet as we continue to prioritize our core salt and plant nutrition businesses.” Definitive agreements are expected to be finalized over the coming months, subject to satisfactory due diligence and required regulatory approvals from the state of Utah, EnergyX said.

Founded in 2018, EnergyX has operations throughout the “South American Lithium Triangle” in Chile in addition to its Puerto Rico and Texas operations. Compass Mineral markets products for consumer, industrial, chemical and agricultural applications from 11 production and packaging facilities throughout the U.S., Canada and the U.K. It has more than 1,800 employees.

University of Utah to launch DARPA-backed critical minerals testbed

The University of Utah is partnering with the Defense Advanced Research Projects Agency (DARPA) to launch the Strategic Materials Accelerator & Research Testbed (SMART), a major innovation platform designed to accelerate the United States’ capabilities in critical minerals and rare earth elements, the institution has announced. SMART will serve as a national hub for cutting-edge biotechnology research, providing organizations with tools to develop, test and scale breakthrough technologies, accelerating solutions that directly strengthen national defense and power the innovations of tomorrow, the announcement said. “The U.S. faces a growing need to strengthen its domestic supply of critical minerals and rare earth elements, the essential components of advanced technologies, including electric vehicles, cellphones, renewable energy systems and national defense,” the statement read. “Meeting this challenge will require bold new approaches for identifying, extracting and refining these materials.” With its deep expertise in earth sciences, engineering and commercialization, the UofU feels it is positioned to drive new re-

search pathways and innovation models, advancing U.S. capabilities and helping shape the future of technology and manufacturing. SMART builds on the University of Utah’s recent launch of the Institute for Critical and Strategic Minerals, a university-wide initiative focused on expanding sustainable domestic supply chains through research, education and workforce development. Together, SMART and the institute position the university as a national leader in addressing critical minerals challenges from discovery to deployment. “Necessity is the core driver of innovation. The U.S. desperately needs a testbed to accelerate our strategic material supply chain,” said Jakob Jensen, associate vice president for research at the University of Utah. “SMART is a state-of-the-art testing ecosystem that addresses a pressing need.” “The launch of SMART reflects how the University of Utah is stepping forward to help solve one of the nation’s most urgent challenges,” said University of Utah President Taylor Randall. “By bringing together our strengths in science, engineering and policy, we are accelerating solutions that strengthen national security and build

a more resilient, forward-looking critical minerals ecosystem.” In the beginning, SMART will launch a large, multi-phase initiative to expand national capacity in critical minerals research, development and deployment. Phase I will support DARPA’s Environmental Microbes as a BioEngineering Resource (EMBER) program, which is pioneering new ways to unlock America’s supply of rare earth elements. SMART is establishing a state-of-the-art benchmarking space on the University of Utah campus to accelerate the path from lab discovery to real-world solutions. “Benchmarking infrastructure is often difficult to fund, yet it is essential for validating breakthrough technologies and determining their potential to scale,” the university statement said. “One of the biggest challenges in this space is not invention, but translation,” said Sha-Chelle Manning, chief of DARPA’s Commercial Strategy Office. “SMART is designed to reduce the risk of scaling new technologies by giving innovators a place to validate performance at meaningful scale, helping accelerate the

transition from breakthrough science to actual capability.” The testbed was developed in coordination and with the support of multiple Utah entities, including 47G, the trade association for the state’s aerospace, defense and cyber industries; the Utah Mining Association; and the World Trade Center. Aaron Starks, CEO and president of 47G, said, “47G is proud to have played a key role in forging the relationships that made SMART possible. This initiative is more than a research platform. It’s a testbed that will serve our local industry here in Utah while also advancing innovation and supply chain resilience nationwide. Our mission is to connect partners, align priorities and create collaborations that drive real impact.” “SMART is just the beginning,” the UofU statement concluded. “By investing in this platform, the University of Utah is helping position the nation as a leader in critical materials research and innovation. We welcome collaboration from industry, researchers and policymakers to expand this work and build a stronger, more resilient innovation ecosystem.”

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SALT LAKE BUSINESS JOURNAL

TOURIST ATTRACTIONS – SALT LAKE CITY AREA Listed Alphabetically

Company Name Address

Phone Web/Contact

Total People Served in 2025

Chase Home Museum of Utah Folk Arts at Liberty Park Liberty Park—S. Constitution Dr. Salt Lake City, UT 84105

801-245-7285 artsandmuseums. utah.gov/chasehome-museum

Average 5,000 annually

Clark Planetarium Dome Theater and IMAX Theater The Gateway—110 S. 400 W. SLC, UT 84101

385-468-7827 saltlakecounty.gov/ clark-planetarium

Discovery Gateway: Children's Museum of Utah The Gateway, 444 W. 100 S. SLC, UT 84101

SALT LAKE

BUSINESS JOURNAL Year Est.

Top Local Executive

Utah Folk Arts, Crafts, Music & Dance; Three permanent galleries & one temporary exhibit gallery

built in 1856 est. 1987

Jenna Ehlinger Museum Manager

Average 300,000 visitors annually

Join us in experiencing the captivating world of space & science. Clark Planetarium, was formerly know as Hansen Planetarium (1965) IMAX Screening: 2-D & 3-D

2003

Duke Johnson Director

801-456-5437 discovery gateway.org

Average 240,000 visitors annually

Discovery Gateway—inspires children of all ages and abilities to imagine, discover, and connect with their world to make a difference

1983

Kathleen Bodenlos Executive Director

Gallivan Center 239 S. Main St. SLC, UT 84111

801-535-6110 thegallivan center.com

Average 500,000 visitors annually

Plaza by day; venue by night, 2002 Olympic gathering spot, ice skating rink, Excellence in the Community Concert Series, weekly music & dance

1992

Talitha Day Director

Hogle Zoo 2600 Sunnyside Ave. SLC, UT 84108

801-584-1700 hoglezoo.org

875,736

Over 800 animals live in the 7 exhibits on 42 acres; Education: family & community programs, kid's classes & camps

1931

Doug Lund President, CEO

Lagoon Amusement Park 375 N. Lagoon Dr. Farmington, UT 84025

801-451-8000 lagoonpark.com

Proprietary

Seasonal: 60 rides & attractions, 40+ games, live entertainment, waterpark, campground, Historic Pioneer Village, Frightmares (autumn)

1886

Kristen Freed

Liberty Park 600 Harvey Milk Blvd. SLC, UT 84105

801-972-7800 slc.gov/parks/ parks-division/ liberty-park/

Public Park

A spacious city park with walking/running paths, swimming pool, tennis courts, paddle boats, children’s amusement park, picnic facilities, playground, plenty of room for recreation or relaxation. The park hosts many community events

1882

Salt Lake City Public Lands

Loveland Living Planet Aquarium 12033 Lone Peak Pkwy. Draper, UT 84020

801-355-3474 livingplanet aquarium.org

1,000,000

Live animals, virtual reality ride, live plants, live entertainment, public events, private events, concerts

1999

Brent Andersen President & CEO

Approximately 180,000

Over 1 million objects. Collections: Paleontolotgy, Antrhopology, Entomology, Vertebrate Zoology, minerology, botany, malacology. Virtual birthday parties, summer camps, grab & go science activities

1963 est. Moved to Rio Tinto 2011

Tony Millet, CFO Jason R. Cryan Director

Average 5M annually

Salt Lake Temple, Assembly Hall, Beehive House, Church History Library, Church History Museum, Church Ofﬁce Bldg, Conference Center, Family History Library, Joseph Smith Memorial Bldg. & Legacy Theater, North & South Visitor Centers, Relief Society Bldg, Tabernacle & Organ (sites cover 35 acres)

1853

2M+ annually

Indoor & outdoor farm, gardens, museum complex. Ashton Gardens, Butterﬂy Biophere, Farm Country, Museum of Ancient Life, Museum of Natural Curiosity, Mammoth Screen Theater, golf club, events & wedding venues, Harvest Restaurant, Tower Deli

1995

McKay Christensen President & CEO

Natural History Museum of Utah at Rio Tinto Center 301 Wakara Way Research Park, SLC, 84112

Temple Square—The Church of Jesus Christ of Latter-day Saints 10 acres located at: 50 N. Temple, SLC, UT 84150

Thanksgiving Point 3003 N. Thanksgiving Way Lehi, UT 84043

801-581-6927 nhmu.utah.edu

8801-353-3355 churchofjesus christ.org/feature/ templesquare

801-768-2300 thanksgiving point.org

Amenities

1959 Restoration Missy Wilson Larsen & replication CEO 1975

This is the Place Heritage Park 2601 Sunnyside Ave. SLC, UT 84108

801-582-1847 thisistheplace.org

N/A

Heritage Village, restoration & replication of historic buildings, educational opportunities, playground, petting corral, splash pad

Tracy Aviary & Botanical Gardens at Liberty Park 589 E. 1300 S. SLC, UT 84105

801-596-8500 tracyaviary.org

Over 155,000 annually

Exhibits, gardens, natural spaces, conservation

1938

Tim Brown President & CEO

Utah Museum of Fine Arts University of Utah Campus 410 Campus Center Dr. SLC, UT 84112

801-581-7332 umfa.utah.edu

19,400*

UFMA Collections: 20,000 objects with online searchable database. Temporary Collections, K-12 digital ﬁeld trips, resources, learning

1914

Gretchen Dietrich Director

Utah State Capitol Building 350 N. State Street SLC, UT 84114

801-538-1800 utahstate capitol.utah.gov

200,000+ visitors annually

This towering, neoclassical, domed building houses the House of Representatives, Senate, and Supreme Court of Utah

1916

Dana Jones Executive Director

*Did not disclose. Please note that some ﬁrms chose not to respond, or failed to respond in time to our inquiries. All rights reserved. Copyright 2026 by Salt Lake Business Journal. The Business Journal strives for accuracy in its list publications. If you see errors or omissions in this list, please contact us at lists@slbusinessjournal.com.

June 8, 2026 | 9

SALT LAKE BUSINESS JOURNAL

WORK Daze DAZE Work

The when, why, but mostly where to retire

Sooner or later, it will happen. The desire to retire will sweep over you. “That’s it; I’m done,” you’ll say. “I’m out of here.” For some, this realization happens after 30 years. For others, it happens on Day 2. You may not retire immediately, but you will start thinking about it. In fact, you’ll find you can’t stop thinking about it. Of course, wanting to retire is not the same as being financially able to retire. Not quite. You probably haven’t thought of this before, but when you stop working, your paychecks stop, too. Even with your balanced portfolio of World’s Fair souvenir teaspoons and Pokémon cards, maintaining your current lifestyle could be difficult. And then there’s that other little problem. You know you can’t stay, but you don’t know where to go. This is the time you start reading articles like “How to Choose Where to Retire” at roadscholar.org. If you are still employed, the rankings may rankle. Is “cultural stimulation” really your No. 1 concern and “cost of living” No. 14? Unless those Pokémon cards are Secret Rare and Ultra Rare, you may look at the situation differently. But, hey, it’s the end of your career, so let’s start at the beginning.

No. 1: Do You Tell Your Company You’re Leaving? Breaking up is hard to do. You’ll feel guilty informing your manager that they’re losing BOB their best employGOLDMAN ee. They will definitely beg you to stay and offer you a big fat raise if you do. And you may agree to stay on another five or 10 years, just to be nice. This is why it is so important to keep your retirement plans secret. Sooner or later, your manager will notice you’re no longer attending meetings or answering your phone, but by that time, you’ll be long gone. (Because you are a caring person, you’ll want to keep the memories alive by taking some mementos, like that spiffy microwave in the break room and the Italian-design couch in the reception area. Be sure to throw in a file cabinet or two. They make wonderful souvenirs.)

bee’s and a Subway, both of which are open until 10 p.m. Either bistro would make a perfect location for you and your fellow retirees to sit around and complain about the jobs you no longer have. Afterward, you can jump on your snowmobile and zoom off to your $206,176 median-priced home. If you are the kind of odd duck for whom life in Midland does not thrill you with excitement, you can retire to Green Valley, Arizona, the No. 1 choice from the roadscholar.org article. You’ll be happy to hear there is a Subway in Green Valley, but the nearest Applebee’s is 20 minutes away. Deal breaker? We’ll see you in Midland.

No. 2: Is Everyone Going to Midland, Michigan? According to U.S. News, Midland is the most popular retirement city in 2026. And no wonder. Midland has an Apple-

No. 4: Do You Tell Your Partner You’re Retiring? Most retirees obsess about when to tell their manager they’re retiring. My question is: When do you tell your partner? It does

No. 3: Spin the Globe. In the rare case when neither Midland nor Green Valley appeals, consider going international. Choose a place where no one speaks English. This will keep you blissfully unaware of what is going on in the world. As long as you never learn the local language, you’ll be constantly lost and confused, but, boy, will you be happy.

seem unfair to put all the stress of such an important decision on the person you care about the most, which is why I recommend keeping your retirement on the down low, at least for the first two or five years. This won’t be easy since someone so close to you will eventually notice that you are always relaxed and content. Tell them it’s a phase. No. 5: Retire in Place. Considering all the factors, there’s no question that the best place to retire is where you are currently employed. All you have to do is stop working and stay on. Your cost of living will be minimal. There’s no rent and as long as you can subsist on office coffee and what you can pilfer from the breakroom fridge, your food expenses will be zero. Sooner or later, some smarty-pants manager will discover you are no longer working and make you leave the office, which is totally unfair. On the positive side, it does give you something to complain about at Applebee’s.

Dashboard: Utahns are nervous despite state’s outperforming economy

Utah’s unemployment rate remains low and job creation is many times the national average. Still, the state’s consumers are showing signs of doubt in the economy. Those are among the data points reported by the April Roadmap to Prosperity Economic Dashboard published by the Utah Chamber. Compiled by the Kem C. Gardner Policy Institute at the University of Utah, the dashboard is designed to keep business leaders informed on Utah’s economic outlook. Utah’s April unemployment rate stayed level at 2.3 percent, while job growth continued on a nation’s-best trajectory, according to the dashboard.

But the Zions Bank Consumer Sentiment Index for Utah dropped sharply in April, in line with national sentiment trends, the data show. Rising gasoline prices after the onset of the Iran conflict in late February appear to have dampened consumer sentiment, which fell by a statistically significant 13.5 percent from 81.5 in March to 70.5 last month. “Utah’s economy continues to outperform the nation, with unemployment at 2.3 percent and job growth nearly 20 times the U.S. rate,” said Derek Miller, president and CEO of the Utah Chamber. “The dashboard gives Utah’s busi-

ness leaders the timely insights they need to navigate national headwinds and keep our momentum going.” The report also shows that Utah retail sales softened seasonally but remained firm year-over-year in February, the latest month for which data are available. Utah taxable retail sales declined from January to February but increased 4 percent year-over. Also significant is the continued increase in inflation. Also driven by the war in Iran, U.S. headline inflation increased to 3.8 percent year-over-year in April, up from 3.3 percent in March — the highest reading since May 2023.

“Utah’s economy faces emerging headwinds as inflation and consumer concerns rise,” said Natalie Gochnour, director of the Gardner Institute. “Consumer sentiment dropped sharply in April, as higher gasoline prices and rising inflation appear to be weighing on households.” The dashboard is updated monthly, providing essential insights, tracking timely and leading measures and sharing pertinent indicators. The Roadmap to Prosperity Economic Dashboard can be accessed at https:// www.utchamber.com/roadmap-to-prosperity-dashboard/.

10 | June 8, 2026

SALT LAKE BUSINESS JOURNAL

TRAVEL AGENCIES

SALT LAKE

Christopherson Business Travel 5588 S. Green St., Ste. 300 SLC, UT 84123

801-327-7700 cbtravel.com

Morris Columbus Travel 101 S. 200 E., Ste. 100 SLC, UT 84111

801-483-6441 morris columbus.com

Get Away Today 1650 E. 5700 S. South Ogden, UT 84403

1-855-GET-AWAY getawaytoday.com

$136.7M

100%

Destinations Inc. 10406 S. 1055 W., Ste. 102 South Jordan, UT 84095

801-446-5000 destinationsinc.com

$35M

98%

Cruise & Travel Masters 670 E. 3900 S., Ste. 103 SLC, UT 84107

801-268-4470 cruiseandtravel masters.com

Snelgrove Travel Centers Inc. 145 W. Gentile St. Layton, UT 84041

801-544-1800 snelgrovetravel.com

$730M

$157M

$17.7M

$17.2M

91%

10%

16%

98%

90%

84%

Number of Utah Employees

Number of Utah Ofﬁces

Percentage Vacation/ Leisure Travel

Phone Web

Percentage Business Travel

Company Name Address

Total Sales 2025

Ranked by Total Sales 2025

Specialties

Year Established

BUSINESS JOURNAL

President/CEO

230

Business travel management, corporate travel technology

1953

Mike Cameron CEO

110

Cruises, tours, escorted travel, meetings and incentives

1958

Brent Jenson Corey Crowell

Vacations to the Disneyland Resort, Walt Disney World, cruises, Hawaii, Mexico and more

1990

Chuck Smith, Pres. Julie Smith, CEO Jennifer Dunyon, COO

Group, meeting & incentive travel

1990

Rick Lambert President & CEO

Stress-free vacations, honeymoons & anniversary trips, curated luxury experiences, adventure & bucketlist around the world

1984

Toby Nash President

Cruises, ski vacations, incentives, business travel

1990

Richard Snelgrove President

Travel Solutions: meetings & Iincentives, hotel sourcing & contracting, President’s Club, education & private travel, travel concierge, top employee & key account awards & retention services

1996

1992

Corina Johnson Owner

Wade Alexander Director of International Travel

Wren International 60 S. 600 E., Ste. 200 SLC, UT 84102

801-364-4481 wrenintl.com

All Points Travel 141 E. 5600 S., Ste.100 Murray, UT 84107

801-466-1101 allpoints travelonline.com

$4.1M

20%

80%

Destination weddings, honeymoons, group & family travel

Suite Dreams Travel 2880 W. 725 N. Layton, UT 84041

801-447-4322 suitedreams travel.net

$2.1M

99%

Cruises, all-inclusive resorts, Europe, groups, wellness

1997

Barbara & Sean Tuckett Owners

CTI Business Travel

801-224-5300 ctibusiness travel.com

100%

Business travel and business travel management

1987

Brian Dickerson Owner

10 1091 Orem Blvd. Orem, UT

$10M

90%

10%

Doug Wren Owner & President

SALT LAKE BUSINESS JOURNAL

June 8, 2026 | 11

12 | June 8, 2026

SALT LAKE BUSINESS JOURNAL

INDUSTRY BRIEFS Industry Briefs Company news information may be sent to brice.w@thecityjournals.com.

BANKING

• Chartway Credit Union, based in Virginia and with members in Utah, Virginia and Texas, will have a grand opening of its new branch location in Herriman on July 21. Chartway has two other branches undergoing renovations in 2026. Chartway has $3.2 billion in assets and a membership of more than 265,000 member-owners. Among renovations completed in Utah are a Red Cliffs location in Washington, completed in June 2024; Sunset in St. George, completed in July 2024; and in West Jordan this year.

CONTESTS

• The Salt Lake Chamber is accepting nominations until 5 p.m. June 12 for the Athena Leadership Award and Pathfinder Awards, to be presented at the 50th Anniversary Women & Business Conference and Athena Awards Luncheon in November. The Athena award is a national award presented annually to an active member of the Salt Lake Chamber who demonstrates excellence, creativity and initiative in business; provides valuable service by devoting time and energy to improve the quality of life for others in the community; and assists women in reaching their full leadership potential. The Pathfinder Awards are presented annually to community leaders who create new paths promoting the development and recognition of women in business. Nominations may be submitted at https://business.slchamber.com/events/ details/athena-and-pathfinder-nominations-2026-16045. • Studiosity, a company offering writing feedback and assessment security for education institutions and whose U.S.

Places to RV,” compiled by The Dyrt, an app for the RVing and camping community. It selected the 10 Best Places to RV based on ratings and reviews from RVers among The Dyrt’s community of campers. The locations were chosen for their scenic beauty, amenities, proximity to key destinations, cleanliness and friendliness. Details are at https:// thedyrt.com/press/the-dyrt-announces-the-best-places-to-rv-presented-bygrand-design-rv/.

policy briefs on complex topics, including advanced nuclear energy, artificial intelligence and emerging technologies, translating research into clear guidance for Utah lawmakers. PolicyLab also serves as a hands-on training ground for the next generation of professionals. Its inaugural intern cohort launched in January during the legislative session, and it welcomed an expanded cohort for this summer.

EVENTS

• YESCO, a Salt Lake City-based company that creates, repairs and maintains signs, has designed, fabricated and installed a large-scale signage package for the new Sapp Bros. Travel Center off Interstate 15’s Exit 27 in Toquerville. At the center of the project is a custom-fabricated freeway sign designed to resemble Sapp Bros.’ signature coffee pot. The structure stands approximately 100 feet from the ground, with the sign itself measuring 94 feet, 3 inches tall and 25 feet wide. Atop the tower is a 24-foot, 3-inch-tall coffee pot weighing approximately 27,000 pounds. In addition to the freeway sign, YESCO fabricated and installed 19 exterior signs and 23 interior sign types across the travel center, including printed wall murals.

headquarters are in Salt Lake City, is accepting nominations until Aug. 14 for the Tracey Bretag Prize for Academic Integrity. A visiting professor around the world, Bretag was the founding editor of the International Journal for Educational Integrity and an advocate for a whole-of-institution, evidence-based and student-centric approach to integrity. Company leadership established the award with Bretag’s blessing in 2020 to honor those advancing the understanding and implementation of educational integrity in the higher education sector. The prize recognized excellence in student-centric, pedagogy-first integrity initiatives. Nominations are open to educators, professional staff and student groups across the U.K., Europe, North America, the Middle East and Asia/ Oceania. Applications can be completed at studiosity.com/tracey.

• ULI (Urban Land Institute) Utah has scheduled Housing Summit 2026 for Aug. 13, 7:30 a.m.-noon, at Little America Hotel, 500 S. Main St., Salt Lake City. The event features public and private sector leaders gathering to tackle housing issues. Details are at https://utah.uli.org/events-2.

ECONOMIC INDICATORS

HEALTHCARE

• Salt Lake County farms are expected to lose a total of about $164,400 per year to natural disasters, an average per-farm loss of $418, according to a new study on behalf of Trace One. The data used in the study is from FEMA’s National Risk Index and the USDA’s Census of Agriculture. For comparison, the national total expected annual loss is more than $5 billion, or $2,717 per farm. The county’s expected annual loss rate is 0.7 percent, compared with 1 percent nationally. Salt Lake County has 393 farms, from a national figure of 1.86 million. The worst natural hazard in both the county and nationally is drought. Details are at https://www. traceone.com/resources/plm-compliance-blog/where-natural-disasters-arehaving-biggest-impact-on-u-s-foodsupply. • Dark Sky RV Park & Campground is ranked No. 1 on a list of 2026 “Best

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• HealthTree Foundation, a South Jordan-based nonprofit, was included in a group of 20 out of 700 applications for the Centers for Medicare & Medicaid Services HealthTech Ecosystem Live First Wave Launch event in April in Washington, D.C. The gathering brought together new CMS infrastructure, the Medicare App Library and an initial set of applications designed to move the national healthcare landscape beyond paper clipboards and fax machines into a seamless, digital-first era. HealthTree Foundation helps cancer patients better navigate their healthcare journey by providing tools, education and access to their complete medical records. HealthTree’s “Kill the Clipboard” digital intake solution will allow patients to own and control their medical data, sharing as much or as little of it as they see fit with treatment centers. It effectively eliminates paper intake forms by providing a secure, digital-first experience. The CMS Health Tech Ecosystem is a public-private collaboration designed to replace fragmented paper workflows with digital check-in tools that eliminate administrative burdens and return control of medical data to patients. • DoctorDerm, based in Salt Lake City, has announced a rebrand alongside the expansion of its personalized telehealth dermatology platform, introducing new prescription treatments designed to make clinically guided skincare more accessible. The rebrand reflects a sharpened focus on simplicity, personalization and provider-led care, making prescription dermatology a more seamless, accessible online experience. As part of this next phase, DoctorDerm is introducing two new prescription offerings: the Copper Peptide Skin Complex and the Lash Growth Serum. Both treatments are available nationwide following evaluation by a licensed provider.

INNOVATION

July 21-22, 2026

Utah State Fairpark 155 N. 1000 W. Salt Lake City, UT 84116

• The Nucleus Institute, an organization driving innovation in Utah through academic, industry and government collaboration, has launched PolicyLab, an initiative designed to expand and support the flow of information between research and legislation on the technical policy questions shaping Utah’s future. It aims to be a responsive, statewide resource connecting university researchers and industry experts with legislative offices. It produces timely, accessible

MANUFACTURING

MILESTONES

• Altitude Lab, a platform-first biotech-startup accelerator founded by Salt Lake City-based Recursion, recently announced that its portfolio companies have collectively raised more than $205 million in early-stage funding since the program’s launch in 2020. The milestone reflects a portfolio of companies advancing into clinical trials, signing deals with global pharma, and commercializing platform technologies reshaping the boundaries of early-stage biotech despite a difficult funding climate. Altitude Lab focuses on launching early-stage life science companies, with an emphasis on techbio and platform-based technology commercialization.

MINING

• Milford Mining Company Utah and Furnace Japan Co. Inc. have signed a memorandum of understanding to deploy next-generation, environmentally sustainable processing technology in Utah that accelerates the recovery of tungsten from its mine tailings. The partnership combines MMCU’s extensive mineral assets in Utah — including high-grade copper resources, historical tungsten deposits and legacy tailings — with Furnace Japan’s proprietary electric resistance furnace (ERF) technology. Together, the companies aim to unlock new value from both primary resources and previously discarded materials while significantly reducing environmental impact. Milford Mining Company Utah operates in Beaver County, with significant mining assets and a focus on resource development and expansion of critical mineral recovery.

PHILANTHROPY

• Parker Migliorini International (PMI Foods), based in Salt Lake City, partnered with City of Refuge by donating more than 3,700 pounds of high-protein food products to feed thousands of community members facing crises such as homelessness, food inse-

June 8, 2026 | 13

SALT LAKE BUSINESS JOURNAL

INDUSTRY BRIEFS Industry Briefs curity and human trafficking in Atlanta. The donation was used by City of Refuge to prepare meals for residents and extend support to disadvantaged families throughout the surrounding community. PMI Foods supplies a range of products to all major international markets. • Caregivers at Intermountain Spanish Fork Hospital recently brought a high school graduation ceremony to the hospital when a graduating senior was unable to attend because of surgery. Spanish Fork High School student Rylee Allsop was the subject of the secret ceremony. On May 20, the day after her class formally graduated, Allsop’s family and friends joined caregivers from throughout the hospital in a classroom that was decorated in Spanish Fork High colors. Allsop was then wheeled into the room, where attendees surprised Allsop and cheered her on. Spanish Fork High School administrators also attended the hospital ceremony. Allsop also received a “commemorative diploma” from Intermountain Spanish Fork Hospital for “graduating” (being discharged) from the hospital.

REAL ESTATE

• Idaho-based Alturas Capital Partners, together with its partners, has completed the acquisition of property at the northeast corner of 12th Street and Wall Avenue in Ogden. The firm plans to develop the 14-acre site into a neighborhood-oriented retail and mixed-use center. The partnership is working in collaboration with retailers, the city of Ogden and other stakeholders on the project. It is expected to feature new shopping options, support local construction and service jobs, and improve access to everyday retail needs for the surrounding neighborhood. The Ogden site was selected for its infill location, visibility, accessibility, and suitability for a variety of uses, the company said. Founded in 2012, Alturas Capital Partners is a real estate investment and operating company that owns and operates commercial real estate across the western United States, with a focus on the Intermountain West and Inland Northwest.

RECOGNITIONS

• The American Academy of Physician Associates (AAPA) recently named Viet Le as PA of the Year at its recent conference honoring 10 outstanding physician associates/assistants (PAs) and PA students Viet Le for their exemplary con-

tributions to their communities, patients and the advancement of the PA profession. The awards were presented May 18. The PA of the Year award honors a PA who embodies excellence in clinical practice, leadership, advocacy, research and/or service; demonstrates the PA profession’s philosophy of providing accessible, quality healthcare to all; and has made a far-reaching impact on the advancement of the PA profession. Le has been a PA for more than 20 years and is an associate professor of research at Intermountain Health. Outside of his clinical work, Le helped successfully advocate for use of the “physician associate” title within cardiology organizations to better reflect the education and expertise of PAs. Along with preventive cardiology, Le also practices advanced lipid management at Intermountain Health. There, he works with patients who have complex cardiovascular, kidney and metabolic (CKM) diseases as the co-director of the specialized Advanced Lipid and Cardiovascular Prevention CKM clinic. For six years, Le co-chaired the American College of Cardiology (ACC) Cardiovascular Team PA Work Group, and while serving in his term as president, he also helped transition the name of the PA cardiology specialty group to the “Academy of Physician Associates in Cardiology.”

SERVICES

• Silvester & Co., a Salt Lake Citybased executive search firm, has announced the acquisition of ChampionScott Partners, a retained executive search firm with a record of guiding clients through leadership inflection points: CEO and founder succession, board composition, C-suite buildout, and leadership advisory for technology-enabled businesses globally. Financial terms were not disclosed.

TECHNOLOGY

• Nearmap, a global property intelligence company that has its North American headquarters in South Jordan, and Eagleview, a New York-based company focused on geospatial intelligence delivering property intelligence solutions, have reached a settlement resolving their litigation pending in the U.S. District Court for the District of Utah dating back to 2021. The parties have agreed to terms that conclude a dispute relating primarily to roofing measurement patents and other intellectual property matters. As part of the settlement, all pending disputes between the companies are resolved. Specific terms of the settlement were not disclosed.

PEOPLE on ON THE People the MOVE Move Company news information may be sent to brice.w@thecityjournals.com.

HEALTHCARE

• AlleleRx Therapeutics, a Salt Lake City-based early-stage biotechnology company focused on advancing precision gene therapies for rare inherited diseases, specifically congenital disorders of glycosylation, has announced that Clayton Beard has joined Clayton Beard the company’s Scientific Advisory Board. He has extensive experience in genetic therapies and viral vector development, with scientific and leadership roles across academia, government, biotech and pharma, including at BridgeBio Gene Therapy, Novartis Vaccines, Precision BioSciences, Global Vaccines Inc., the USDA, the University of North Carolina and Maxygen.

INNOVATION

• The Nucleus Institute, an organization driving innovation in Utah through academic, industry and government collaboration, has appointed Dylan Doty as director of Nucleus Grow, the organization’s initiative to help Utah entrepreneurs and startups access non-dilutive Dylan Doty federal funding and commercialization support. Under his leadership, Nucleus Grow will deepen support for Utah founders pursuing non-dilutive funding, strengthen commercialization infrastructure, and expand university and industry partnerships as a central part of Nucleus’s strategy to make Utah a national model for deep tech innovation. Doty has extensive experience within Utah’s innovation ecosystem, having led the state’s federal FAST program and worked across the full spectrum of deep technology commercialization —

from proposal development and investment readiness to university spinouts and federal partnerships. He is a West Point graduate and Army veteran, and earned a master’s graduate in political science from the University of Utah, his graduate research focused on federal research and development funding and Utah’s innovation economy. Nucleus Grow has supported Utah’s innovation ecosystem for more than 15 years, helping companies compete for federal SBIR and STTR funding opportunities and navigate commercialization, mentorship and strategic growth. It was originally known as the Utah SBIR/ STTR Assistance Center and later operated as the Utah Innovation Center.

TECHNOLOGY

• MasterControl, a Salt Lake Citybased producer of quality and manufacturing software solutions for the life sciences industry, has appointed Wynn Clayton as chief financial officer and Ian Ball as chief sales officer. Clayton joins MasterControl following a 25-year tenWynn Clayton ure at 3form, including six years as CEO. He recently led a successful sale of 3form to Armstrong World Industries. He joined 3form as CFO in 2002. Prior to 3form, he served as chief accounting officer at TenFold Corp. Ball has been promoted from Ian Ball his previous role as vice president of North American new sales. In his new role, he will oversee all new and expansion sales functions worldwide. He has been with MasterControl for more than two years, and previously held leadership roles at several technology firms, including Google and Dell, where he developed expertise in complex enterprise sales and customer acquisition.

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SALT LAKE BUSINESS JOURNAL

CALENDAR Calendar Information about upcoming events may be sent to brice.w@thecityjournals.com.

June 8, noon-1:30 p.m.

“Inside Neumont’s AI Degrees,” a Silicon Slopes event. Speaker Omkar Terse, Neumont University’s chair of applied artificial intelligence, will discuss how Neumont is preparing students for careers in AI through its bachelor’s degrees in applied artificial intelligence and AI engineering, as well as its master’s degree in applied artificial intelligence. Location is Silicon Slopes, 2600 W. Executive Parkway, Lehi. Details are at siliconslopes.com.

Through June 9

“Beyond26,” presented by Pax8, which is unveiling a go-to-market system for the digital workforce economy — moving beyond AI experimentation to actual monetization. Keynotes will feature company leadership outlining how partners have now become the last mile of intelligence for SMBs. Location is Salt Palace Convention Center, 100 S. West Temple, Salt Lake City. Cost is $499. Details are at https://www.pax8beyond.com/.

June 9, 8-10:30 a.m.

bridge Golf Club, 4415 Links Drive, West Valley City. Details to be announced at chamberwest.com.

event that takes place online. Details are at https://clients.utahsbdc.org/events.aspx.

June 10, 10 a.m.

“Employer Tax Workshop,” a Small Business Development Center event. Location is Salt Lake SBDC at Salt Lake Community College. Cost is $24. Details are at https://clients.utahsbdc.org/events.aspx.

“Marketing Playbook,” a Women’s Business Center of Utah event with the theme “Social Media 101: Building and Maintaining Your Business’ Social Media Presence.” Event takes place online. Free. Details are at wbcutah.org.

June 10, 11 a.m.-noon

“When to Slow Down: Expert Judgment in AI-Accelerated Engineering,” hosted by the Tech9 Leadership Network. Event takes place online. Speaker Matt Beynon, Tech9 CPO, will discuss how senior software teams use AI to move faster without losing the judgment that makes the work worth shipping. Details are at siliconslopes.com.

June 10, 11:30 a.m.-1 p.m.

“Chamber Connections,” a Davis Chamber of Commerce event. Location is Davis Chamber of Commerce, 450 S. Simmons Way, Suite 220, Kaysville. Details are at davischamberofcommerce.com.

“The Founder’s Blind Spots: Where Legal, Tax and Wealth Planning Actually Break Down,” the second event in DBD Investment Bank’s 2026 Executive Event Series. Session brings together legal, tax and wealth planning professionals who specialize in identifying the structural vulnerabilities that most owners don’t know they have. Panel will be moderated by Iliya Zogovic, CEO of DBD Investment Bank. Location is Laurel Brasserie at the Grand America Hotel, 555 S. Main St., Salt Lake City. Registration can be completed at https://luma.com/u35mo7ir.

June 10, 11:30 a.m.-1 p.m.

June 9, 11 a.m.-1 p.m.

Professional Growth Series, a ChamberWest event. Speaker Nicole Carpenter, director of programs and operations for the Women’s Leadership Institute, will discuss “Conquer Imposter Syndrome: Find Your Strength and Do It Anyway.” Location is Summit Vista, 3390 W. Signal Peak Drive, Taylorsville. Details are at chamberwest.com.

Utah SBIR 101 Workshop, a Nucleus Institute event that will provide an overview of the federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs and highlight resources that Nucleus offers to support applicants throughout the process. Event takes place online via Zoom. Free. Details are at https:// luma.com/obayfezc.

June 9, 11:30 a.m.-1 p.m.

June 10, 5-7 p.m.

2026 Nonprofit & Small Business Lunch and Learn, a Utah Valley Chamber of Commerce event. Location is Utah Food Bank, 1900 W. 900 S., Springville. Free for members, $10 for nonmembers. Details are at thechamber.org.

June 10, 7 a.m.-3 p.m.

Annual Golf Classic, a ChamberWest members-only event. Location is Stone-

“America250 Let’s Do Lunch,” a South Valley Chamber of Commerce event honoring America250 and active-duty service members. Speakers are Nicole Handy, executive director, America 250 Utah Commission, Utah Department of Cultural & Community Engagement; and Steve Rosenvall, CEO, Alpha Warranty Services Inc. Location is Swire Coca-Cola USA, 12637 S. 265 W., Draper. Cost is $23 for members, $35 for nonmembers. Details are at southvalleychamber.com.

June 10, noon-1 p.m.

“Business After Hours,” an Ogden-Weber Chamber of Commerce event. Location is Jo Jo Bowls, 252 25th St., Ogden. Free for members and first-time guests, $35 for nonmembers. Details are at ogdenweberchamber.com.

June 10, 6-7:30 p.m.

“Online Marketing Fundamentals,” a Small Business Development Center

June 11, 8:30 a.m.-5 p.m.

June 11, 8:30 a.m.

Women in Business Breakfast, a South Salt Lake Chamber of Commerce event. Speaker Cherie Wood, mayor of South Salt Lake, will discuss “People-Centered Leadership.” Location is Salt Lake Culinary Education, 2233 S. 300 E., Salt Lake City. Cost is $15 for members, $20 for nonmembers. Details are at sslchamber.com.

June 11, 9-10:30 a.m.

“Sweets & Strategies,” a Women’s Business Center of Utah event. Location is Roots Coffee, 51 N. 100 W., Payson. Free. Details are at wbcutah.org.

June 11, 11:30 a.m.-1 p.m.

Women in Business Summer Social and Luncheon, a Davis Chamber of Commerce event. Location is Layton Commons Park, 437 N. Wasatch Drive, Layton. Cost is $23 for members, $35 for guests. Details are at davischamberofcommerce.com.

June 11, 6-8 p.m.

“Business Essentials,” a Small Business Development Center event that takes place online. Details are at https://clients. utahsbdc.org/events.aspx.

June 12, 8 a.m.-5 p.m.

“Preservation Engaged: Celebrating Utah’s Communities,” presented by the Utah State Historic Preservation Office, in partnership with Preservation Utah. Event features presentations, panels, tours and networking focused on historic districts, downtown revitalization, historic barns and more. Location is Ogden High School, 2828 Harrison Blvd., Ogden. No on-site registration. Pre-conference activities June 11 include tours and a Preservation Utah reception. Details are at https:// ushpo.utah.gov/conference/.

June 16, 11:30 a.m.-1 p.m.

“Vibe Code Club for Entrepreneurs,” a Small Business Development Center event. Location is Salt Lake SBDC at Salt Lake Community College. Details are at https://clients.utahsbdc.org/events.aspx.

June 17, 8 a.m.-5 p.m.

“Build Your Custom AI Business Assistant, and Turbocharge Your Business,” a Small Business Development Center event. Location is Salt Lake SBDC

at Salt Lake Community College. Cost is $59. Details are at https://clients.utahsbdc.org/events.aspx.

June 17, 8:30 a.m.-3 p.m.

“Critical Ventures: Investing in National Security Materials,” presented by 47G, the Critical Minerals Institute, Utah Mining Association, Small Business Administration, Idaho National Lab, Park City Angels and the University of Utah for Critical Ventures to showcase the growing market demand and other key initiatives that are enabling the sector. Location available upon registration, which is available at Eventbrite.com.

June 17, 9 a.m.-2:30 p.m.

Sports Tourism Symposium, a Sport Salt Lake event hosted by Miller Sports & Entertainment and bringing together municipalities, event organizers and hospitality partners to share ideas, explore trends, and collaborate on strategies that make communities stronger through sports. Location is America First Field, 9256 S. State St., Sandy. Cost is $40. Details to be announced at https://www.visitsaltlake.com/sports/ summit/.

June 17, 11 a.m.-1 p.m.

Business Boot Camp, a South Valley Chamber of Commerce event. Instructor Brandon Allen, founder of New Work Revolution, will discuss “Conflict Smart: Practical Tools for Teams, Clients and Lasting Respect.” Location is Salt Mine Productive Workspace, 7984 S. 1300 E., Sandy. Cost is $35 for members, $55 for nonmembers. Details are at southvalleychamber.com.

June 17, 11:30 a.m.-1 p.m.

Business Alliance, a Davis Chamber of Commerce event. Location is Boondocks Fun Center, 525 Deseret Drive, Kaysville. No RSVP needed. Free. Lunch available for purchase. Details are at davischamberofcommerce.com.

June 17, 11:30 a.m.-1 p.m.

“Lunch and Learn: Unlock More Capital,” a West Jordan Chamber of Commerce event. Presenter Mallory Santa Cruz, vice president at Morgan Stanley Chase, will discuss how understanding and building credit opens doors. Location is Legacy Retirement Center, 1617 Temple Lane, South Jordan. Details are at westjordanchamber.com.

June 17, noon-1 p.m.

“Swipe Smarter: A Mini Masterclass in Payment Processing,” a Women’s Business Center “Solve the Business Puzzle” event that takes place online. Free. Details are at wbcutah.org.

June 8, 2026 | 15

SALT LAKE BUSINESS JOURNAL

Now

OPEN A new feature in the Salt Lake Business Journal is this list of new businesses that have opened or plan to open shortly in our area. Squatters Pubs has opened a new bar space in West Valley City, located at 3555 Constitution Blvd. It is a designated bar, meaning customers must show IDs for admittance. This comes at the same time that Squatters closed its Park City location at the top of Main Street, as the building was sold by its landlord. The PC location was the original location of Wasatch Brewery, which opened in 1986 and was the state’s first brewpub. Sub Zero Nitrogen Ice Cream opened a new location at 148 S. Pleasant Grove Blvd., Pleasant Grove. The Utah-based franchise, founded in 2004 by Jerry and

Naomi Hancock, uses liquid nitrogen at minus 321 Fahrenheit to flash-freeze custom ice cream orders. The shop offers over 2.5 million flavor combinations and catering services. Konala, a high-protein bowl franchise, opened its first Utah location in Provo. Owner Tyson Adams, a former Jersey Mike’s manager, converted an Arby’s building near BYU campus. The restaurant serves gluten-free protein bowls averaging 46 grams of protein through drivethrough, delivery and online ordering.

Want to see your business reported here? Send news or a release to nowopen@ slbusinessjournal.com.

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‘Burnout’ has been replaced by ‘boreout’ for some employees There’s a chance that when employees speak of being burned out, they might actually be bored out. That’s what new research from the American Journal of Preventative Medicine found, and that’s consequential to businesses. Boreout rivals burnout in terms of its financial loss to companies. The study, “The Health and Economic Burden of Employee Burnout to U.S. Employers,” points to the mental-health toll: Disengaged employees — that’s their clinical word for bored employees — can cost a company with about 1,000 employees $5 million in lost revenue annually. If you’re a 100-person shop, that’s $500,000. Boreout is something HR will want to address and manage. It’s chronic boredom at work — employees feel underworked, unchallenged, unmotivated and frustrated. Like burnout, it increases stress, tension, turnover and poor health, according to another study published in the Journal of Occupational and Environmental Medicine. “Boreout is an overarching sense of lack of importance and value,” said Lupita McLane, chief people officer at Baker Tilly. “It’s more than just having a bad week or feeling impatient to take on new responsibilities. Boreout is also distinct from simply being bored for a short period of time. It’s a longer-term, chronic problem.”

So too having too little to do on the job is just about as bad as having too much to do on the job. And the rise of AI may contribute to an increase in boreout. The Journal report found people who are trained to use AI save about 7.5 hours of work each week — hours that they might not fill with worthwhile work yet. Some people end up bored at work because they truly don’t have enough to do — and likely desire more. But these are the most common causes of boreout, according to the Journal report: Monotony. We aren’t talking about the days of monotonous tasks on the first assembly lines. Today, boreout comes from the lack of new tasks, learning and changes at work. Lack of purpose. Employees feel disconnected from their job, the company and what should be accomplished at work. They aren’t engaged. Lack of challenge. Employees aren’t mentally challenged or they don’t have the chance to use their full range of knowledge and skills. Stagnation. They feel like they don’t have opportunities to progress professionally. They may have come in overqualified for the job. Limited power. Employees feel they don’t have control over how or when their work gets done, and they can’t take responsibility for the success of anything.

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SALT LAKE BUSINESS JOURNAL

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