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Finance

Providing perspective and contextual insights on the monetary aspects of the Finance industry within the state of Utah, from Banking to FinTech and from venture capital to cryptocurrency.

Utah's DOT Recommends $729 Million Gondola-B Alternative for Little Cottonwood Canyon

Utah's DOT Recommends $729 Million Gondola-B Alternative for Little Cottonwood Canyon

$150 Million in funding was authorized earlier this year by Utah's Legislature to help pay for Phase I of the 3-Phase project, beginning with 1) creation of a Park & Ride at the gravel pit near the base of the canyon, 2) expansion of canyon bus service, and

For $317 Million, all of Utah will Finally have Access to a Broadband Internet Connection ... Soon-ish

For $317 Million, all of Utah will Finally have Access to a Broadband Internet Connection ... Soon-ish

It's not cheap - nearly $4,600/Utah household - but with ~$42.5 billion in total funding, all Utahns and Americans are slated to have broadband availability sometime before 2028, courtesy of the Broadband Equity, Access, and Deployment (BEAD) program within the U.S. Department of Commerce

Wait ... Someone in Lehi is Manufacturing Solar Panels? Yup.

Wait ... Someone in Lehi is Manufacturing Solar Panels? Yup.

The fact that this manufacturing fab is part of California-based Complete Solaria which is on the cusp of becoming a public company via a ~$350 million SPAC Merger with Freedom Acquisition I Corp. presents an intriguing opportunity for GO-Utah (the Governor's Office of Economic Opportunity) and others. In

"Venture Services" Firm RevRoad Lands $15 Million in New Funding

"Venture Services" Firm RevRoad Lands $15 Million in New Funding

With more than $25 million in total outside monies now invested in the Provo-based firm, RevRoad looks to accelerate its growth, both in Utah and Florida, home of its second base of operations. Although many might consider RevRoad a "venture accelerator," CEO and Co-Founder, Derrin Hill assured me

Acquisition of Qualtrics is Completed as Firm is "Taken Private" at a Final Value of $4.3 Billion

Acquisition of Qualtrics is Completed as Firm is "Taken Private" at a Final Value of $4.3 Billion

Qualtrics (NASDAQ:XM) is no longer a publicly traded company as Silver Lake and Canada Pension Plan Investment Board (CPP Investments) have acquired the leading "Experience Management" firm. According to my calculations, the per share acquisition price of $18.15/share, coupled with an additional $1 billion investment

Ovation Raises a $4 Million Series A Round of Funding to Help Restaurants Drive the 3 C's: Convenience, Consistency, and Connection

Ovation Raises a $4 Million Series A Round of Funding to Help Restaurants Drive the 3 C's: Convenience, Consistency, and Connection

Ovation has now raised $7.2 million over three financing rounds and currently serves over 3,000 restaurant locations. Why? In large part it's because its AI-powered application helps owners and operators to capture diner feedback of up to 25% and provide them with real-time, actionable data. Lehi,

ANALYSIS: Overstock's $21.5 Million Bet Drives a 22% Pop in its Stock Valuation - In Under 24 Hours

ANALYSIS: Overstock's $21.5 Million Bet Drives a 22% Pop in its Stock Valuation - In Under 24 Hours

With news last Thursday that Bankruptcy Court had approved Overstock's $21.5 million "Stalking Horse Bid" to acquire the assets of Bed Bath & Beyond, the price of OSTK shares jumped from $21.19 to $25.87 in less than a day, boosting Overstock's