vice president – Utah BBQ http://utahbbq.org/ Mon, 14 Mar 2022 11:04:02 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://utahbbq.org/wp-content/uploads/2021/04/cropped-ICON-32x32.png vice president – Utah BBQ http://utahbbq.org/ 32 32 2.5M SF Park303 Phase 2 inaugurates Glendale https://utahbbq.org/2-5m-sf-park303-phase-2-inaugurates-glendale/ Sun, 13 Mar 2022 02:05:58 +0000 https://utahbbq.org/2-5m-sf-park303-phase-2-inaugurates-glendale/

Following its record sale of Park303 Phase I, LPC Desert West, the southwest branch of Dallas-based Lincoln Property Co., has begun construction of Park303 Phase 2. The new phase will bring nearly 2.5 million sq. squares in three new state-of-the-art industrial buildings overlooking Loop 303 in Glendale, Arizona.

Park303 Phase I was sold in September 2021 to BentallGreenOak for $186 million, marking the highest industrial sale price for a single building in Arizona history. The project was originally developed as two Class A industrial buildings, but was later combined to create a 1.25 million square foot facility supporting a full-build long-term lease by Walmart.

Phase 2 brings LPC Desert West to an all-time high of nearly 7 million square feet under development or under construction in its region of Arizona, Nevada, Utah and New Mexico.


READ ALSO: The 303 Loop Corridor Becomes a Global Center of Development


“This is a very exciting time to develop industrial space in the Phoenix metro area, with strong demand across all sectors,” said David Krumwiede, senior executive vice president of Lincoln Property Company. “Landlords and tenants want cutting-edge products, and we’re building at Park303 and across our portfolio to exceed those expectations. We push the boundaries of technology and convenience to meet not only current, but future logistics needs. »

Phase 2 of Park303, consisting of three buildings, includes “Building A” totaling 629,835 square feet on nearly 38 acres, “Building B” totaling 483,300 square feet on just over 30 acres, and “Building C totaling nearly 1.26 million square feet on approximately 72 acres. Like Park303 Phase I, Buildings A and B are designed to quickly convert from two stand-alone buildings to a larger 1.2 million square foot facility (with 104,052 square feet of infill space) to accommodate the needs of a single major user.

Phase 2 construction equipment includes 40 foot clear height, touchless technology throughout, 25 foot high glass entrances, 3,000 amps of power (expandable), 7 foot by 4 inch slabs crushed rock and a steel framed shear bracing that allows for a very modern facility, automated shelving and picking equipment. Phase 2 buildings will also feature generous 5′ x 10′ clerestory windows at all elevations, which provide access to sky views and changing natural light, increasing productivity and concentration. mental.

“One of the most unique elements of our Park303 buildings is their amenities – living spaces designed specifically for employees, with features typically only found in Class A office projects,” said John Orsak, Vice President of Lincoln Property Company. “Supply chain and logistics talent is extremely in demand in the Phoenix metro area and these spaces stand out for their ability to attract, welcome and retain top talent. They allow companies to show their appreciation for their teams by making the working day more comfortable and enjoyable.

Indoor/outdoor facilities at Park 303 Phase 2 include a basketball/pickleball court, barbecue station, shaded outdoor food court, and employee collaboration spaces.

Collectively, the Phase 2 buildings will provide 430 dock doors, 778 trailer spaces and over 1,556 parking spaces (all expandable). Both buildings are also capable of foreign trade area.

Upon construction, the planned Park303 industrial park will span 210 acres with the capacity to support nearly 4 million square feet of Class A industrial development.

Park303 directly faces the Loop 303 freeway, providing freeway signage opportunities and convenient entry and exit via two full-diamond freeway interchanges, putting it within a one-day truck ride to more than 33 million consumers. It is also in the New Frontier District of Glendale and is one mile from the Northern Parkway, a 20.5 mile high-capacity road providing a fast connection between Loop 303 and US 60/Grand Avenue . The connection provides expedited delivery routes and allows employees to avoid common rush-hour traffic delays on Interstate 10.

Businesses surrounding Park303 include Boeing, Microsoft, White Claw, XPO Logistics, UPS, REI, SubZero, Daimler-Benz, Red Bull, Ball Corporation, Aldi and Williams Sonoma, as well as hundreds of new residences.

To discuss rental, investment or property management opportunities with Lincoln Property Company in the Desert West area, please call David Krumwiede or John Orsak at (602) 912-8888.

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How COVID Subsidies and Relief Programs Impact Business Taxes in 2021 https://utahbbq.org/how-covid-subsidies-and-relief-programs-impact-business-taxes-in-2021/ Thu, 03 Mar 2022 19:24:11 +0000 https://utahbbq.org/how-covid-subsidies-and-relief-programs-impact-business-taxes-in-2021/

Businesses backed by coronavirus relief funding could face a new wave of uncertainty this tax-reporting season as rules about how that money should be reported on federal and state income taxes keep changing.

NerdWallet – NerdWallet

Congress has created coronavirus relief programs like the Paycheck Protection Program and the tax-exempt Shuttered Venue Operators Grant, while allowing businesses to deduct business expenses paid with funds they received, creating two levels of tax relief for struggling businesses.

But not all states have followed suit — and many have been inconsistent with the tax treatment of COVID-19 funding at the state level — confusing business owners.

Here’s how different types of COVID Relief Funding can affect your 2021 business taxes. When in doubt, consult a tax professional to decode any changes or nuances in your state’s tax code.

Paycheck Protection Program

Canceled PPP loans are not taxable income as far as the IRS is concerned. And expenses that would normally be deductible are still deductible, even when paid for with a PPP loan. But some states deviate from the federal code on one or more of these points.

In Utah, for example, canceled PPP loans are considered taxable income on state returns. And in California, only private businesses that have experienced a 25% drop in gross revenue can deduct expenses paid with a PPP loan.

Other states have changed their tax treatment of PPP loans and expenses in 2021, which means businesses may have to file modified returns.

COVID-19 Economic Disaster Loans

Funds loaned through the Small Business Administration EIDL Program aren’t taxed as income, says Armine Alajian, a chartered accountant and founder of The Alajian Group, an accounting firm with offices in Los Angeles and New York.

“EIDL loans are pure loans repaid in 30 years at 3.75% interest. It’s not taxable because it’s not income, it’s a loan to be repaid,” says Alaijan. “The payments are also not tax deductible.”

Businesses that have received a Targeted or Supplemental EIDL Advance also do not need to report those funds as income for federal tax purposes. Although these funds are technically grants, they are excluded from taxable income.

State and Federal COVID Grants

Grants are generally treated as income on business tax returns. That’s not the case with two large-scale federal COVID grants: the Closed Venue Operator Grant and the Restaurant Revitalization Fund.

Money received through either program is not taxed as income on federal returns, and you can deduct expenses paid with your grant money. You may need to report these funds on your state taxes, as some states do not align with the federal government on this.

State subsidies are another story. These funds are often considered income on state and federal returns, but some states have made exceptions for COVID relief grants.

If you’re unclear about your state’s rules, check your tax documents and consult a tax professional, says Talibah Bayles, founder and CEO of TMB Tax & Financial Services, based in Birmingham, Alabama.

“Be very intentional when reviewing all 1099s you receive through a grant,” says Bayles. This form will indicate if the grant is taxable. “If you have a 1099 and it’s taxable, talk to a tax professional. What were the program requirements? Are there any nuances at the state level that would allow you to treat it as non-taxable at the federal level?

Employee retention credit

Employee Retention Credit has gone through several iterations over the past two years, causing headaches and heartburn for many small business owners.

Originally, business owners couldn’t double down on PPP and ERC. This was later changed, retroactively, so that businesses that took out a PPP loan could claim the tax credit, but not on wages already covered by their PPP loan.

The credit amount has also changed. Companies could be eligible for up to $5,000 per employee for salaries paid between March 12, 2020 and the end of 2021. This figure has increased to $7,000 per employee, per quarter, for salaries paid from January 1 as of September 30, 2021, making it a much more attractive option for small business owners.

“I think it’s a gem for business owners,” Bayles says. “It’s a great opportunity to try and have a positive impact on your cash flow.”

The problem: Most small businesses don’t have payroll.

“Especially your solopreneurs or even single member LLCs,” she says. “Most business owners either don’t have a formal payroll or don’t have a formal payroll themselves, so that still leaves out a group of people he intended to help. “

Companies that qualify and wish to benefit retroactively from the changes to the ERC will need to amend previous years’ tax returns to reduce the payroll charges that come with them.

“You must reduce expenses for the year in which you claim [the credit], not the year you receive it,” says Ryan Losi, CPA and executive vice president of Piascik, an accounting firm headquartered near Richmond, Virginia. “The IRS says some [ERC] claims will take a year to process.

This means that business owners must amend personal and business statements from the previous year without having cash on hand — and on their books — from credit.

The article How COVID Grants, Relief Programs Impact 2021 Business Taxes originally appeared on NerdWallet.

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Pitney Bowes Financial Services signs term loan with Zion Delivery Service | Business https://utahbbq.org/pitney-bowes-financial-services-signs-term-loan-with-zion-delivery-service-business/ Wed, 09 Feb 2022 13:02:43 +0000 https://utahbbq.org/pitney-bowes-financial-services-signs-term-loan-with-zion-delivery-service-business/

STAMFORD, Conn.–(BUSINESS WIRE)–February 9, 2022–

Pitney Bowes Inc.. (NYSE: PBI), a global shipping and courier company that provides technology, logistics and financial services, today announced that Pitney Bowes Bank has signed a term loan and revolving line of credit with Zion Delivery Service, Inc (ZDS) of Long Beach, CA. ZDS specializes in last mile delivery support for major national and regional carriers in Los Angeles County, Orange County and other Southern California markets. The Pitney Bowes credit facility provides ZDS with the working capital, liquidity and flexibility needed to generate sustained growth.

Founded in 2004, ZDS operates alongside ZDS Express Couriers, Inc, which operates 10 to 12 FedEx routes with contracted drivers. Both organizations, wholly owned by ZDS Founder and Chairman Jeremy Pippen, are experiencing strong demand that is fueling organic growth and driving acquisition plans.

“Carriers such as Amazon Logistics, DHL and USPS rely on ZDS for last mile support, and the past year has seen increasing pressure on our business from the rise of e-commerce,” said Jeremy Pippen, President of ZDS. “We needed to invest to grow, but we were disadvantaged by expensive long-term debt and a lack of flexibility in our loans. The Pitney Bowes team was helpful, responsive and knowledgeable. They offered a choice of flexible and affordable options that suit the business perfectly. We are now in a strong position to build momentum and take our business to the next level.

“We continue to expand our product portfolio to meet the growing needs of businesses on Main Street, the backbone of our economy,” said Christopher Johnson, Senior Vice President and President, Pitney Bowes Financial Services and Board Member of administration of the Bank. “We are delighted to support ZDS, thanks to our deep expertise in the transportation and logistics industry. This agreement embodies our strategy to continue our growth with companies like ZDS which are well positioned in this growing market segment.

About Pitney Bowes

Pitney Bowes (NYSE: PBI) is a global shipping and courier company that provides technology, logistics and financial services to more than 90% of Fortune 500 companies. Customers in small businesses, retail, businesses and governments around the world trust Pitney Bowes. to remove the complexity of sending mail and parcels. For the latest news, company announcements and financial results, visit https://www.pitneybowes.com/us/newsroom.html. For more information, visit Pitney Bowes at www.pitneybowes.com.

Pitney Bowes Bank, Inc. is a subsidiary of Pitney Bowes Financial Services, which in turn is a subsidiary of Pitney Bowes, Inc. The bank has been a fully licensed industrial bank located in Salt Lake City, Utah for over 23 years and FDIC member. The bank has a national loan and deposit footprint.

Show source version on businesswire.com:https://www.businesswire.com/news/home/20220209005170/en/

CONTACT: John Spadafora

pitney-bowes

M+1 518 708 3466

john.spadafora@pb.com

KEYWORD: CONNECTICUT UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: TECHNOLOGY PROFESSIONAL SERVICES OTHER TECHNOLOGIES FINANCE

SOURCE: Pitney Bowes Inc.

Copyright BusinessWire 2022.

PUBLISHED: 02/09/2022 08:00/DISC: 02/09/2022 08:02

http://www.businesswire.com/news/home/20220209005170/en

Copyright BusinessWire 2022.

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Park City Community Foundation Awards Three-Year $75,000 Climate Impact Grant to Peoa Livestock Operation https://utahbbq.org/park-city-community-foundation-awards-three-year-75000-climate-impact-grant-to-peoa-livestock-operation/ Fri, 28 Jan 2022 00:47:00 +0000 https://utahbbq.org/park-city-community-foundation-awards-three-year-75000-climate-impact-grant-to-peoa-livestock-operation/

Mitch Dumke, one of Three Springs Land and Livestock’s three partners, was a vegetarian and worked in the tech industry before moving into ranching. Now he is part of a ranch focused on regenerative agriculture to restore the ecology and create a healthy local food source.

“What we are renting to someone is only 40 acres, and collectively we have come together with three other ranches in regards to this request, in part because of this collective impact instead of us being a request for a small amount of land. We collectively have come together as four ranches, and we have just under 800 acres under management.”

Peoa-based Three Springs Land and Livestock just received a $25,000 grant from the community foundation for its sustainable ranching efforts. They will receive an additional $50,000 over the next two years to build their livestock operation. Their efforts include minimizing or avoiding chemicals, fertilizers, and using large equipment for plowing.

“In this case, we’re focusing specifically on livestock management and how managing these animals can create a healthier ecosystem and ultimately, for the fund, sequester carbon. That was the main focus and the outcome of the fund, and that was sort of what our grant was about.”

Dumke said unsustainable agriculture and livestock farming is harmful to soil ecology and the environment.

“Much of our production of vegetables and other food crops is also done in an unsustainable way. This also erodes topsoil and creates a lot of pollution. It is just as detrimental as a cow can be. “

Dumke said they follow general principles of regenerative farming and ranching practices when managing livestock and land.

“One of the biggest is to minimize soil disturbance when you’re driving down the road you see freshly tilled soil you think oh look at that rich soil if you come back three days later it looks like it crust and dry it out, and so we try not to tear up the soil, we keep it intact because underneath that soil is a whole system of life.”

Crop diversity, the use of animals rather than large equipment to till the land, and the rotation of pastures so that plants can restore and retain soil and water are some of the sustainable farming practices used by the partners..

“So if you let a cow chew a piece of grass, that’s fine. Don’t let her chew again because then they’ll kill her. But if you let her chew right away, and then you give 100 days to regrow is photosynthesis, carbon sequestration.

This year, the community foundation has allocated more than $150,000 in grants to climate initiatives, including Tree Utah, Recycle Utah, EATS Park City and the student-led Re-Uniform Project to reduce waste by reusing sports uniforms. .

Vice President of Equity and Impact Diego Zegarra said the foundation awarded $530,000 in grants to Summit County climate projects.

“We continue to hope for those high-impact projects that we can fund, so we invite community members, nonprofits, businesses to come work with us and partner with their big ideas so that we can continue to work towards a more sustainable community.”

You can find more information about the Park City Climate Fund at parkcitycf.org.

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For some businesses in Mass., the COVID-19 pandemic has pushed changes for the better https://utahbbq.org/for-some-businesses-in-mass-the-covid-19-pandemic-has-pushed-changes-for-the-better/ Mon, 17 Jan 2022 22:10:00 +0000 https://utahbbq.org/for-some-businesses-in-mass-the-covid-19-pandemic-has-pushed-changes-for-the-better/

In 2020, the store had its best year yet. And 2021 was even better.

“COVID has changed everything in our store,” Titcomb said. “It made us a better company by far.”

The pandemic has crushed many small businesses, as health issues, supply chain issues and labor shortages converge. But some have been able to adapt and thrive. They have upgraded technologies and expanded online offerings. They sought out new customers and launched new lines of business. Others, like Titcomb, saw an opportunity and ran with it.

The pandemic didn’t kill them, it made them stronger.

For nearly two years, there has been a “global scramble” as companies try to stay afloat, said Sridhar Tayur, professor of operations management at Carnegie Mellon University. And that crisis mindset has sparked changes that could have a lasting impact. Companies are tracking online customer orders like they never have for in-person sales, he said. Operations are automated and simplified.

“Necessity is the mother of invention,” he said. “I don’t think they’ve had this much need at least in the last 20 or 30 years.”

Lightyear Strategies, a Boston marketing firm, has witnessed the change in its clients. At first, the mindset seemed like “the end of the world…let’s get rid of the marketing,” said chief executive Nima Olumi. But a few months later, customers realized they needed help adjusting to a changed and largely virtual world.

A New York property management company asked Lightyear to figure out how to email thousands of residents about the new disinfection measures. Boston hospitals wanted videos educating patients on safety protocols.

At the same time, Olumi realized he needed to focus rather than try to be a jack-of-all-trades “yes”. Today, his monthly recurring income is more than 10 times what it was in 2019.

“If you’re making hot dogs,” he said, “stay making hot dogs.”

For other business owners, however, the pandemic was a good time to diversify. Runamok Maple in Fairfax, Vermont, has seen its online syrup sales soar, while restaurant and hotel sales have plummeted. The company therefore decided to launch Sparkling Syrup, infused with edible pearlescent mica, to “bring some joy,” says co-owner Eric Sorkin. And it was a huge success. “All the working dads were home now, and what does a working dad know how to do?” he said. “They cook breakfast.”

Ellen Speers, manager of the Titcomb Bookstore in Sandwich on Cape Cod, moves some books from the store’s upper level downstairs.David L. Ryan/Globe Staff

At Copper Dog Books in Beverly, mastering online ordering when no one wanted to shop in person opened the door to shipping gift sets, including a monthly subscription with two sci-fi novels, a snack and a small item like a newspaper or a key chain. . Scenic Roots Garden Center in Sandwich started a virtual landscape design business and began selling produce from a nearby farm. Both companies have recorded record sales over the past two years.

The adoption of new technologies has been a game-changer for many businesses. In response to COVID restrictions, the owner of a nautical jewelry company in washington state set scannable QR codes next to each necklace and bracelet in its storefront, directing shoppers who couldn’t enter to the items on its website. A business consultancy in Utah began digitizing its operations when the world went online, including the use of artificial intelligence to help predict staff turnover, a major challenge during the pandemic. Financial services firms have turned to facial recognition technology from Bedford’s biometric software provider Aware to offer mobile customers a more secure way to verify their accounts.

Many companies have embarked on “digital transformation” during the pandemic, said Mark Tina, vice president of sales for Verizon Business in the eastern United States. New high-speed internet services not only have more capabilities than older technologies, they are also cheaper, he said, which is critical for businesses struggling to survive.

When workers stopped entering their offices, Quincy-based Dependable Cleaners has seen business drop to a fraction of what it was, prompting the dry cleaner to look for ways to become more efficient, operations manager Carlyn Parker said. It’s moved to a Verizon service that assigns a corporate number to ring multiple mobile devices and desk phones, and it’s added a texting feature to its bi-weekly pickup and delivery service.

Now, instead of visiting each door-to-door delivery customer twice a week, drivers only visit when requested, allowing the company to add more customers without more drivers. Before Omicron pushed companies to push back office reopening dates, Dependable Cleaners was back up to 80% of pre-pandemic levels.

“We’re in the fourth generation,” said Parker, whose grandparents founded the company. “We are here to stay.”

Finding new customers has also been a lifeline. When travel stopped in March 2020, revenues fell to “almost zero” for Without pod, a Boston company that ships luggage for travelers. But he soon began to stress that using his services meant less human contact, chief executive Aaron Kirley said. No more queuing at the airport to check baggage, no more congregating with the masses at the baggage carousel. The company also has partnered with moving companies to reach the wave of digital nomads who could suddenly work wherever they wanted – and probably didn’t have room in their car for all their stuff. And when people complained that they couldn’t print shipping labels anymore because they weren’t at work, LugLess developed digital labels.

By fall 2020, activity had tripled from its pre-pandemic peak, then tripled again last year.

“It kind of forced us to open our eyes and consider new opportunities,” Kirley said.

Some of the new opportunities revealed during the pandemic don’t just increase revenue. They also save lives.

A shelf of sold books with customers’ names has been set up at the main entrance to Titcomb’s bookstore for easy pick-up. David L. Ryan/Globe Staff

Groups Recover Together, a Burlington-based addiction treatment provider, has nearly doubled the number of people it serves across the country since it began offering virtual sessions. Before COVID, people battling opioid abuse had to attend in-person group therapy because of the medications provided, executive director Colleen Nicewicz said.

But when that requirement was waived during the shutdown, Groups Recover Together began hosting sessions on Zoom, then through a new app. The organization now reaches more than 10,000 people a week, nearly a third of whom live in counties without a physical site. Opioid addiction is rampant in rural areas, Nicewicz said; in an Indiana county with a population of just 10,000, Groups Recover serves one in every 200 residents, even without a clinic.

Crucially, the data shows that virtual group therapy is just as effective at stopping people from using drugs. in the form of in-person sessions, she said. At a time when the opioid epidemic is worse than ever – overdose deaths pink almost 29 percent in the 12 months ending in April 2021 compared to the previous year — reaching more people is key, said Nicewicz, who hopes virtual therapy will become a permanent offer.

“We really filled an unmet need,” she said.


Katie Johnston can be reached at katie.johnston@globe.com. Follow her on Twitter @ktkjohnston.

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Work begins on the Astra Tower, soon to be the tallest skyscraper in downtown Salt Lake City https://utahbbq.org/work-begins-on-the-astra-tower-soon-to-be-the-tallest-skyscraper-in-downtown-salt-lake-city/ Wed, 12 Jan 2022 22:46:19 +0000 https://utahbbq.org/work-begins-on-the-astra-tower-soon-to-be-the-tallest-skyscraper-in-downtown-salt-lake-city/

Undeterred by the resurgence of the pandemic, developers in Boston are continuing to build a new luxury residential building on State Street, which is expected to be Salt Lake City’s tallest skyscraper.

Astra Tower will rise 450 feet tall at its highest point and bring approximately 372 upscale apartments spread over 40 floors in the city’s growing downtown core, according to delighted backers from Kensington Investment Company, based in Boston, which kicked off Wednesday with a short groundbreaking ceremony.

The new tower launched at 200 S. State Street – the former site of a Carl Jr. fast food restaurant and an adjacent surface parking lot – is expected to be completed by October 2024.

(Courtesy of Kensington Investment Company, via Jacobsen Construction) A rendered view looking west along the 200 South of the Astra Tower, a new 372-unit luxury apartment complex under construction at 200 S. State Street which will be Utah’s tallest building, when completed in fall 2024.

The tower will be built to some of the highest environmental standards in the world and will join at least half a dozen new high-rise office and residential buildings under construction or under construction in the Utah capital, in the midst of ‘an unprecedented increase in development along the Wasatch front. .

We took a dream and today we turn it into reality, ”said Ed Lewis, CEO of the private company. The Astra Tower has faced “several obstacles” over the past three years – even taunts that the project was “silly or a little bit crazy,” Lewis said, “and maybe they’re right.”

“Either way, Utah is our home. We’re not going anywhere, ”Lewis told several dozen people who gathered in advance at the Gallivan Center. Salt Lake City is fast becoming a world class city, and I think the tower will be the future of apartment living in Utah.

Astra Tower was designed by HKS, a Dallas-based architectural firm with offices in Salt Lake City, looks like The Kensington, an apartment tower built by the same developer in Boston in 2013.

Salt Lake City’s latest luxury studio skyscraper, one- and two-bedroom apartments – likely to reach the city’s upper echelons with monthly rents – will be capped by two floors of exclusive penthouses, serviced by a dedicated high speed elevator.

Other top-notch Astra Tower amenities will be spread over three separate floors, according to plans approved at City Hall, and will include a rooftop swimming pool, clubhouse, park, sky lounge and a terrace with panoramic view.

(Francisco Kjolseth | The Salt Lake Tribune) A groundbreaking ceremony takes place on Wednesday, January 12, 2022 for the Astra Tower, a 372-unit luxury residential tower that will rise to 200 S. State Street in Salt Lake City. It will be Utah’s tallest building, built to the city’s new sustainability standards, and is slated to open in fall 2024.

Joined by other city and state officials, Salt Lake City Councilor Ana Valdemoros praised the company’s decision to build to what’s known as LEED Gold, a certified sustainability approach by the US Green Building Council which, among other things, carbon footprint.

Valdemoros said the skyscraper project was emblematic of the city center‘s “inevitable” new direction in town planning, towards denser housing and vertical construction. Astra, she said, put forward a long-held vision for “a walkable downtown with taller buildings and busier streets filled with new residents.”

And at its intended height, Astra is expected to overtake the Wells Fargo Center (422 feet) and the LDS Church Office Building (420 feet) as the tallest building in town. It joins the newly constructed tower called 95 State Street at City Creek, a 395-foot office building at 100 South and State State, west of the downtown Harmon grocery store.

Just two blocks away, the new 700-room Hyatt Regency Salt Lake City – the new Salt Lake County Convention Center hotel in West Temple and 200 South – reached its full height of 375 feet in November and is slated to open. its doors in the fall of 2022.

Renderings show Salt Lake City’s last skyscraper – called Kensington Tower in recent years until Wednesday’s official name change to Astra Tower – will have a sleek rectangular glass-clad exterior and a two-story lobby overlooking State Street.

(Francisco Kjolseth | The Salt Lake Tribune) A piece of cleared land is pictured in May 2021, as it prepares for the new Astra Tower, a 372-unit luxury residential tower that will rise to 200 S. State Street in Salt Lake City. A groundbreaking ceremony on Wednesday, Jan. 12, 2021 marked the debut of Utah’s tallest building, built to the city’s new sustainability standards and is slated to open in fall 2024.

“Salt Lake City is on the rise: economically, socially, statistically,” said Dee Brewer, who heads the Downtown Alliance of the Salt Lake Chamber. He called the Astra Tower “a remarkable indication of this ascent”.

Boosters for Utah said the Astra Tower will increase the city’s ability to attract new professionals, businesses and investors to Utah.

“It tells them that we have arrived as a city,” said Stephanie Frohman, senior vice president of the Economic Development Corporation of Utah. “We not only have the lifestyle, the cultural and recreational opportunities that their talent seeks, but also the residential. “

Astra is also at least the sixth new skyscraper currently under construction in downtown Salt Lake City in the past three years – and one of four rising along a three-block stretch. of State Street.

Other State Street projects include the 24-story luxury apartment tower called Liberty Sky at 151 S. State Street; 95 State at City Creek, built by City Creek Reserve, a developmental arm of The Church of Jesus Christ of Latter-day Saints; and a two-tower residential project at 255 S. State by Chicago-based developer Brinshore, with financial support from the city’s redevelopment agency and other government agencies.

When completed, the Astra Tower will also mark a milestone in high-rise luxury living for tenants and is part of a larger apartment building boom.

(Francisco Kjolseth | Tribune file photo) Salt Lake City’s skyline is changing rapidly, with at least six skyscrapers soaring and several large multi-story apartment and office complexes underway of construction along its main streets.

Astra’s living units are likely to compete with nearby Liberty Sky, with its 272 high-end apartments and amenities, completed this year by Boyer Co. and Cowboy Partners, both located in Utah. Liberty Sky Studios are currently priced between $ 1,499 and $ 2,199 per month.

Texas-based developer Hines is also continuing construction of a new 31-story residential skyscraper a few blocks at 150 S. Main, on the site of the historic Utah Theater, ready for demolition. This 392-foot tower – called Main Street Apartments and backed by Hines, based in Houston and the city’s GDR – will feature 400 new units including 40 more affordable, 355 at market rates and five penthouses, as well as a sky lounge, d other characteristic luxuries and an adjoining pocket park.

A development company in New York, The Domain Cos., Also announced plans for its own residential skyscraper with 342 apartments at 370 S. West Temple, two blocks east of Pioneer Park, and proposed to make 26 floors.

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Fortis announces the launch of equipment finance as its latest commercial banking product. https://utahbbq.org/fortis-announces-the-launch-of-equipment-finance-as-its-latest-commercial-banking-product/ Tue, 11 Jan 2022 19:01:00 +0000 https://utahbbq.org/fortis-announces-the-launch-of-equipment-finance-as-its-latest-commercial-banking-product/

DENVER, January 11, 2022 / PRNewswire / – True to its commitment to providing the best banking solutions to its customers, Fortis, a high-growth commercial bank serving small and medium-sized private enterprises in Colorado and Utahannounced the launch of its equipment financing product offering.

Chris case will be responsible for the development and execution of this new product at Fortis, aligning with the bank’s growth objectives by creating and structuring equipment loans that deliver significant value to existing and new customers. He joins Fortis with a dynamic twenty-three year career reflecting exceptional business leadership and customer service in the equipment finance industry.

“Providing a high quality equipment financing solution is something our customers ask of us. The provision of this additional product will complement our full commercial banking service offering to our customers, ”said Josh petersdirector of loans. “This important milestone in our evolution will continue to expand our capabilities to serve the banking needs of our business customers and to be more than just a traditional community bank.”

“We continue to hire bankers who are looking for a flat organizational structure and an increased ability to serve their clients and we are fortunate that senior and talented bankers like Chris continue to choose Fortis. Our goal remains to expand our teams in key markets, improving our commercial banking capabilities, and continue our commitment to serve our local communities, ”said Chris LuceCEO and co-founder of Fortis. “This can only be accomplished with our continued investment in hiring the best people.”

About Fortis

Fortis is insured by the Federal Deposit Insurance Corporation (FDIC) and is a state chartered bank with offices in the Denver and Salt lake city metropolitan areas. The bank offers businesses and individuals a full range of lending, cash management and deposit products, with a focus on commercial and specialist clients. To learn more about Fortis, visit www.fortisprivatebank.com.

Contact
Laura Hildrethfirst vice-president, responsible for human resources
[email protected]

SOURCE Fortis

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Next steps for the cannabis bank (Newsletter: December 20, 2021) https://utahbbq.org/next-steps-for-the-cannabis-bank-newsletter-december-20-2021/ Mon, 20 Dec 2021 11:11:17 +0000 https://utahbbq.org/next-steps-for-the-cannabis-bank-newsletter-december-20-2021/

The VA panel votes to speed up sales; Memo from Congress on Marijuana; CA AG: seal cannabis records; Edible Hemp Infused German Bus Tickets

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/ THINGS TO KNOW

the Joint Commission of the Virginia Legislature on Cannabis Oversight voted to recommend accelerating sales of recreational marijuana. If approved by the entire House and Senate, existing medical cannabis dispensaries could sell to adults on January 1, 2023.

Representatives Dave Joyce (R-OH) and Don Young (R-AK) sent a letter demanding that President Joe Biden and Vice President Kamala Harris “begin to seriously engage” in marijuana reform and remove it from Schedule I.

  • “Your continued silence speaks volumes. “

The Co-Chairs of the Congressional Cannabis Caucus, Representatives Earl Blumenauer (D-OR) and Barbara Lee (D-CA) released a new memo on the 2021 marijuana momentum and priorities for 2022.

California Attorney General Rob Bonta (D) issued a memo urging county prosecutors to stop delaying the required sealing and dismissal of previous marijuana convictions under a law he drafted as a member of the assembly.

A Republican Representative from Missouri who is sponsoring a resolution to put marijuana legalization in the 2022 poll, says he’s not optimistic about overcoming resistance to reform within his own party.

Berlin public transport agency BVG sells hemp-infused tickets and says bus and metro riders can eat to stay calm during the holiday season. It comes as Germany’s new government is committed to legalizing marijuana nationwide.

/ FEDERAL

A federal judge granted compassionate release to a critically ill 90-year-old man serving a life sentence for a non-violent marijuana trafficking offense.

Senate Majority Leader Chuck Schumer (D-NY) tweeted. “I am working with @SenBooker and @RonWyden to pass our Cannabis Administration and Opportunities Act. Because we need to end the federal ban and make criminal justice reforms. And that is exactly what our bill does.

Senator Chuck Grassley (R-IA) spoke in a Senate floor word about his work on legislation to remove barriers to research on marijuana, which he says is needed before it is legalized or decriminalized.

/ STATES

New Mexico Governor Michelle Lujan Grisham (R) tweeted, “This year my administration legalized cannabis, fulfilling a promise made to the people of New Mexico, who overwhelmingly supported the effort. Legalized cannabis will create thousands of jobs in New Mexico and generate millions in income. “

Florida Democratic gubernatorial candidate Nikki Fried, currently Agriculture Commissioner, tweeted about securing 420 donors for her campaign, saying, “And yes, it’s high time to legalize marijuana!” We must win first!

the Louisiana The House Criminal Justice Impacts of Legalizing Cannabis subcommittee has held its first hearing.

A Tennessee The representative tweeted: “Democrats have been working on this for years, a handful of GOPs play like they’re on board, but never handle the bills. It’s time for that to happen and it’s time to listen to 81% of Tennesséens who want to see cannabis reform!

A Massachusetts The senator tweeted, “Let’s be honest, we need public and legal places for adults to use cannabis in communities that want to.” I filed S.65 to address nuisance issues and promote public health by giving adults a space to consume cannabis after purchase at a dispensary.

Texas regulators have appealed a decision overturning their ban on smoking hemp to the state Supreme Court, a decision that restores the policy for now.

Michigan Regulators have asked a judge to reconsider a ruling they say could allow the sale of moldy and contaminated marijuana.

New York approved regulators changes to the rules of cannabinoid hemp. Separately, the President of the Cannabis Control Commission said she hopes to have draft marijuana rules available for public comment in the first quarter or next year.

Colorado regulators have passed new rules on marijuana and hemp.

Arizona regulators have received more than 1,500 applications for 26 marijuana social equity dispensary licenses.

Maine regulators have submitted a report on the hemp program to lawmakers.

New Jersey regulators have published an FAQ on commercial marijuana license applications.

Washington state regulators have sent an update on the transition to a new marijuana tracking system.

Oregon Regulators will hold a hearing on the marijuana and hemp rules on Monday.


Marijuana Moment is already following more than 1,300 cannabis, psychedelics and drug bills in state legislatures and in Congress this year. Patreon supporters by pledging at least $ 25 / month, access our interactive maps, charts and audience calendar so they don’t miss any development.

Learn more about our Marijuana Bill Tracker and become a stand on Patreon to gain access.

/ LOCAL

Portland, Oregon officials released a note forecasting cannabis revenue.

/ INTERNATIONAL

A Canadian legislator deposit a Invoice decriminalize drug possession and erase past records.

australia Therapeutic Good Administration has rejected a proposal to reprogram psilocybin and MDMA.

Malaysia The deputy minister of communications and multimedia calls for the legalization of the cultivation of marijuana and kratom for medical purposes.

/ SCIENCE & HEALTH

A review concluded that “it is evident that the risks of driving after using cannabis are much lower than other behaviors such as driving while intoxicated, speeding or using mobile phones while driving ”and that“ the medical and recreational use of cannabis is becoming more and more widespread , the elimination of offenses related to the presence of cannabis while driving should be considered (while impaired faculties – the law-based offenses would remain).

/ ADVOCACY, OPINION & ANALYSIS

the American Cannabis Council launched a new diversity, equity and inclusion task force that includes officials from the NAACP and the National Urban League, as well as former basketball player Isiah Thomas and former Rep Carlos Curbelo (R- FL).

/ BUSINESS

Acreage Holdings, Inc. has secured a $ 150 million credit facility with AFC Gamma, Inc. and Viridescent Realty Trust, Inc.

A patent on psilocybin from COMPASS Pathways PLC is questioned.

Havn Life Sciences Inc. announced that it is exporting naturally occurring psilocybin from its factory in Jamaica to the United States

Numinus Well-being Inc. started trading on the Toronto Stock Exchange.

Innovative Industrial Properties, Inc. declared a quarterly dividend of $ 1.50 per share.

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Biden aims to reduce bureaucratic bypassing of government services – ABC4 Utah https://utahbbq.org/biden-aims-to-reduce-bureaucratic-bypassing-of-government-services-abc4-utah/ Mon, 13 Dec 2021 10:36:59 +0000 https://utahbbq.org/biden-aims-to-reduce-bureaucratic-bypassing-of-government-services-abc4-utah/

WASHINGTON (AP) – President Joe Biden will sign an executive order on Monday aimed at saving Americans time and frustration when they seek a wide range of federal services, such as passport renewals, applying for Social Security benefits and obtaining help after natural disasters.

The White House released details of the order on Monday, ahead of a scheduled afternoon signing by Biden. Parts of the ordinance were also provided in advance to advocacy groups who called on the government to improve its level of service to the public.

The ordinance aims to reduce the current bureaucratic bypass, whereby people often have to walk into offices, endure long phone calls, or struggle with mail and fax delays when trying to contact federal agencies.

White House officials have said they hope it could help renew confidence in government and democracy itself at a time when deep political polarization has eroded trust in U.S. institutions.

“This executive order is really focused on how the federal government provides services to the public and ensures that we are providing high quality products to the public,” said Neera Tanden, senior advisor to the president. “As we ask the government to do more, we can make sure the government is doing it better. “

This is a tall order, given that the federal government has persisted in its cumbersome despite repeated attempts over generations to make it more nimble. President Bill Clinton pledged in 1993 to “reinvent government” with an interagency task force.

The order comes at a critical time for Biden to show he can deliver results. The country has seen a strong economic rebound as coronavirus relief programs sent money directly to Americans. But support for the president has collapsed as the United States faces inflation at an almost four-decade high and the coronavirus pandemic persists.

The new executive order is expected to bring government services into the digital age, said Bill Sweeney, senior vice president of government affairs for AARP, an association for older Americans.

“We do our banking online,” Sweeney said. “We do our work online. We can order food online. We can order groceries from our phone. I think people are used to this now and they are also demanding that the government follow through. “

The goal is to implement most of the order changes in 17 federal agencies over the next year. Officials said existing funds should be enough for agencies to pay for improvements and that better service and efficiency would ultimately save the government money. Biden planned to sign the order on Monday afternoon.

Paul Light, a public policy professor at New York University and an expert on federal bureaucracy, said the move could be a big problem, although the Biden administration faces obstacles.

“The problem is not with hope but with the bureaucratic quagmire,” Light said. “The struggle to improve government services requires a vast retooling of bureaucratic cabling and a flattening of the hierarchy. The federal government may be willing, but its technology is old, its staffing system slow, the bureaucratic stratification relentless. “

The government has identified 35 service providers in federal agencies who can reduce administrative burdens and develop “new online tools and technologies that can provide a simple, transparent and secure customer experience,” according to a fact sheet from the House. White.

For retirees and the nearly 4 million Americans who turn 65 each year, the ordinance requires that they can more easily claim Social Security benefits online. Medicare beneficiaries need to be able to access personalized online tools to save money on drugs and manage their health care. Taxpayers will be able to schedule recalls with the IRS instead of waiting on hold or having to deal with issues through letters and faxes.

For travelers, Americans will be able to renew their passports online instead of having to print out forms and pay with a paper check or money order. New security machines and computers with advanced control functions must streamline the process of crossing security lines for the estimated 2 million people who travel daily.

The 45 million people in debt will be able to manage their federal loans through a single portal, instead of multiple websites with different passwords. The paperwork should also be reduced for people requesting loan forgiveness.

Natural disasters strike approximately 25 million homes and small businesses in the United States each year. Survivors seeking federal help should no longer be required to complete multiple forms at multiple agencies, while being able to use virtual inspections and smartphone images of the damage to substantiate claims.

Military veterans must be able to access their benefits with a single login. Poorer families should find it easier to certify their income and enroll in qualifying social safety net programs without the additional red tape. Loan programs for small businesses and farmers need to become more responsive. Families receiving food assistance should be able to shop online. It should become easier to update mailing addresses with the government or change names with the Social Security Administration.

Anne Zimmerman, an accountant based in the Cincinnati area, said the changes in the order are necessary because companies are often alone as they navigate the federal bureaucracy. As the co-chair of the Small Business Advocacy Group for America’s Future, she was briefed by the White House of the order ahead of the announcement.

“It’s necessary because things have really gotten worse,” Zimmerman said. “There is too big a maze to go through when trying to deal with the government. “

Jason Miller, deputy director of management in the Office of Management and Budget, said the changes were aimed at building “trust between the public and their government.” Online forms could also reduce the risk of fraud, while the administration takes steps to ensure the security of personal information.

Why hasn’t all this happened sooner?

Officials said the pandemic has prompted an increase in appeals to the IRS and other agencies. He also showed how the government can adapt and innovate despite closed offices and remote workers.

Even as government services improve, it’s unclear whether it will pay off politically for Biden, whose efforts to steer the economy towards the strongest growth since 1984 have been eclipsed by inflation.

About a third of Americans called the economy “good” under the president’s presidency, up from 47% in June, according to a poll this month by the AP-NORC Research Center for Public Affairs. The poll found that 48% approve of Biden, while 51% disapprove of him.

___

Associated Press writer Aamer Madhani contributed reporting.

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Business beat | The spokesperson-magazine https://utahbbq.org/business-beat-the-spokesperson-magazine/ Fri, 03 Dec 2021 19:25:50 +0000 https://utahbbq.org/business-beat-the-spokesperson-magazine/

Banking

First Interstate Bank has promoted Lauri Mathew to the senior director of the loans department, senior vice-president. Mathews will oversee loan management functions for consumer loan, commercial, mortgage, small business administration and specialty products. She has over 20 years of experience in credit.

Health care

Providence has selected Susan stacey to be CEO of its Inland Northwest Washington service area. She is currently the Chief Operating Officer and Chief Nursing Officer at Providence Sacred Heart Medical Center and Children’s Hospital and has over 35 years of experience since beginning her career as a Registered Nurse in the Intensive Care Unit. pediatrics from Providence. Previously, she was Executive Director of Children’s Hospital and Women’s Services and Director of the Orthopedic Service Line and Nurse Manager of the PICU. Stacey holds a bachelor’s degree in nursing from Washington State University and an MBA in healthcare management.

Cancer Care Northwest hired Dr. Bryan J. Ager as a radiation oncologist. Ager graduated magna cum laude from Western Washington University with a degree in biochemistry and received a medical degree from the University of Texas Medical Branch. He trained in radiation oncology at the Huntsman Cancer Institute at the University of Utah in Salt Lake City. Ager is experienced in a range of radiation therapy techniques including stereotaxic radiosurgery, stereotaxic body radiation therapy, intensity modulated radiation therapy, low and high dose brachytherapy, and image guided radiation therapy.

Utilities

Inland Power & Light announced the promotion of Jennifer lutz to the head of administration. Lutz will lead member services, communications, retention, security and human resources services. She started with the company in 2010 as a communications specialist and then held several supervisory and management positions. Lutz previously worked at Sterling Savings Bank (now Umpqua Bank) and worked in public relations for Microsoft’s Digital Media division. Lutz holds a Bachelor of Commerce degree from the University of Washington.

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