Our richest person is pretty low on the “Rich-Scale”

We saw this infographic a few days ago. It shows the richest person in each state. In Utah, the richest person is Gail Miller… of Larry H Miller fame. What is interesting though is that her $1.2 Billion net worth puts her at 43rd place on the list. It’s somewhat surprising since Utah often ranks #1 …

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RAMP Sports appears to have jumped into the abyss

Local Park City ski, board, and long board maker RAMP Sports appears to have closed up shop. The company’s facility, that used to be near the Home Depot, now sports a “For Lease” sign. According to a Facebook post by a sponsored skier, the company had an investor pull out. That’s too bad for a company who …

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What Will Skullcandy Sale Mean for Park City and the Boyer Tech Park?

During the past few weeks, ground broke for the first building built specifically for a tech company in the Boyer Tech Park . Wouldn’t you know, yesterday that tech company was sold. The Verge is reporting that Skullcandy, a Park City based technology company, was purchased by Incipio for $177 million. Incipio is best known as a maker of …

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I’m Sticking By My Call for an Economic Downturn

A few days I posted entitled The Canaries in the Coal Mine are Telling Us To Take Notice indicating that we may be in for a rough economic patch ahead. From the responses in comments, via email, and in stores around down I can tell FEW PEOPLE share my view. It was almost as if I posted …

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The Canaries in the Coal Mine are Telling Us to Take Notice

Hang on. It’s going to be a bumpy ride. This morning two things happened. The first was that Walmart announced it was closing 154 locations in the US (none in Utah, though). The second was that Fastenal, the foremost maker of parts used in construction, missed its earnings estimates. Anytime Walmart decides to close stores, …

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Summit County Unemployment Rate Stays Steady in August

The Utah Department of Workforce has released unemployment numbers for August 2015. Our seasonally adjusted non-farm unemployment rate is holding steady at about 3.2% (same as August). We continue to have the second lowest unemployment rate in the state, with only Cache county having a lower rate at 3.0%. Non seasonally adjusted data from jobs.utah.gov …

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