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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.

Are Naming Rights Available for the Provo Airport? For as Little as $8 Million, Maybe So.

Are Naming Rights Available for the Provo Airport? For as Little as $8 Million, Maybe So.

With a $78 million funding commitment from the Utah County Commission, Utah's Provo City now finds itself just $12.5 million shy of the ~$140 million in monies needed to expand to 10 gates from the 4 gates currently in operation at the Provo Airport. Presuming that the

The Rest of the Story: The New $500 Million Fund Raised by Pelion Venture Partners is Utah's Largest VC Fund Ever

The Rest of the Story: The New $500 Million Fund Raised by Pelion Venture Partners is Utah's Largest VC Fund Ever

Additionally, Pelion currently has more than $1.5 billion in Assets Under Management (AUM), which for a venture capital firm focused on early stage investments (let alone one in the so-called "middle" of the U.S. within a state of only 3.5 million residents) is pretty dang

Image downloaded from the Events page of the RevRoad website on the morning of Tuesday, 28 January 2025.

RevRoad Closes its Doors. Kind Of.

In a turn of events both shocking and yet not totally surprising, the RevRoad experiment has come to an end. Sometime in the last week, the RevRoad website shifted from this — to this (on Sunday, 26 January 2025) — Additionally, based upon my review of dozens of LinkedIn profiles this morning,

NEWS BRIEF: Boeing Lands $234 Million Contract Modification for ICBM Work to be Performed in Layton, Utah

NEWS BRIEF: Boeing Lands $234 Million Contract Modification for ICBM Work to be Performed in Layton, Utah

Under the original contract, the value of Boeing's ICBM work in Utah now reaches nearly $1.9 billion. Boeing (NYSE:BA) has landed a $234 million contract modification for ICBM work that it will perform in Layton, Utah in connection with Hill Air Force Base in Davis County,

Brigham City Lands a $200 Million Commitment from Nucor to Erect a Steel Products Manufacturing Plant of over 370,000-Square-Feet Across 3 Buildings Sitting on 71.5 Acres in Northern Utah

Brigham City Lands a $200 Million Commitment from Nucor to Erect a Steel Products Manufacturing Plant of over 370,000-Square-Feet Across 3 Buildings Sitting on 71.5 Acres in Northern Utah

With an expected occupancy before 01 January 2026, the new plant of the Nucor Towers & Structures business unit will represent the company's third such steel products manufacturing location in northern Utah. Charlotte, North Carolina-based Nucor (NYSE:NUE) has announced plans to drop $200 million to create a

BREAKING NEWS: Utah's Cynosure Group Closes Blockbuster $750 Million "Growth Equity" Fund, Less Than 48 Hours After Donald Trump is Sworn-In as the 47th President of the United States

BREAKING NEWS: Utah's Cynosure Group Closes Blockbuster $750 Million "Growth Equity" Fund, Less Than 48 Hours After Donald Trump is Sworn-In as the 47th President of the United States

The $750 million fund is likely the largest ever raised by a private firm based in Utah. Less than 48 hours after Donald J. Trump was inaugurated as the 47th President of the United States, Salt Lake City, Utah-based Cynosure Group announced it has closed a blockbuster $750 million "

NEWS BRIEF: Extra Space Storage is Raising an Additional $355 Million in an Add-On Debt Offering

NEWS BRIEF: Extra Space Storage is Raising an Additional $355 Million in an Add-On Debt Offering

This new offering is expected to close on (or about), Wednesday, 22 January 2025. Cottonwood Heights, Utah-based Extra Space Storage (NYSE:EXR) is turning to Wall Street once again, this time to raise $355 million in an add-on debt offering of 5.5% senior notes due in 2030 (before expenses)