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Derek Miller, a New Managing Director at GOED, Works Hard for Utah
by Jeff Edwards, President and CEO, EDCUtah Eight months into his new position as managing director of corporate recruitment and incentives for the Governor's Office of Economic Development (GOED), Derek Miller is a busy man. He'll be even busier this next legislative session when he goes to bat for Governor Jon Huntsman's wishes to make the motion picture incentive fund more robust.
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Utah Development Spotlights: Barnes Aerospace
by Governor's Office of Economic Development (GOED) The Governor’s Office of Economic Development (GOED) would like to showcase several powerhouse companies who made a great impact on Utah’s economy in 2007. These great companies are just a sample of the many businesses expanding or relocating to the “most dynamic state” in the country.
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Opportunity Knocks Twice; Chapter 9
Don Hale as told to Mark Hale
Editor's Note: Utah Pulse is serializing the book, 'Opportunity Knocks Twice,' by Don Hale, as told to Mark Hale. We'll publish two chapters a week. You'll enjoy the wit and wisdom of one of Utah's great entrepreneurs, founder of Hires Big H. To buy the book, click here
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Event Calendar
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Today at Utah Pulse
- The Beat: USTAR Buildings Add to State's 'Innovation Infrastructure'
- Biofuels, nanofabrication, biomanufacturing and brain medicine are just four of the many programs scheduled to become part of two state-of-the-art interdisciplinary research and development facilities coming to Utah as a result of a key program of the USTAR initiative.
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- The Beat: Destination: Silicon Slopes
- Utah is a center of high-tech innovation. The first television, the first stereo headphones and the artificial heart were created here, to name a few inovations. But is Utah top of mind when the rest of the country and the world think about high-tech centers?
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- The Beat: Chinese Entrepreneur and Business Consultant Will Address 'Business Investing in China Market'
- In collaboration with the Asian Studies program, the Hinckley Institute, and the Confucius Institute at the University of Utah, the Tanner Humanities Center is pleased to welcome Chinese entrepreneur and business consultant Ms. Ying Wang to the campus and community on Monday, September 29, 2008.
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- The Beat: Delegations Visiting Utah in August
- The Utah Council for Citizen Diplomacy (UCCD), a private sector partner with the U.S. Department of State's International Visitor Leadership Program, says it host visits by 30 foreign delegations during August.
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- The Beat: College Project Evolves Into Big Business for Utah Entrepreneur
- Very few 29-year-olds cite “CEO” as their first job out of college.
Adam Edmunds does.
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- The Beat: Outdoor Industry Association Wraps Up Another Successful Trade Show in Salt Lake
- The Outdoor Industry Association and over 22,000 manufacturers, retailers and suppliers to the outdoor industry wrapped up another successful Summer Market trade show last Monday at the Salt Palace Convention Center.
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- The Beat: Bullion Achieves Fiscal 2008 Profitability
- OREM, Utah--(BUSINESS WIRE)--Bullion Monarch Mining, Inc., a natural resource company owning gold, silver and oil shale mining interests in Utah and Nevada, announced the Company has elected to self-fund its 80% owned oil shale technology demonstration project.
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- The Beat: USANA to Hold 16th Annual Convention in Salt Lake City
- SALT LAKE CITY--(BUSINESS WIRE)--More than 8,000 people from around the world are expected to attend the USANA Health Sciences, Inc., 16th annual International Convention Aug. 27-30 in Salt Lake City. The event, to be held at the EnergySolutions Arena and the Salt Palace Convention Center, is one of the city’s top five annual conventions according to the Salt Lake Convention & Visitors Bureau.
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- Business Tip: Using an Online Trading Market to Predict Success
- -- Mark Henricks
Stephen Marcus wanted to predict the success of a new business book his company was producing. So his company set up an online trading market where thousands of people purchased imaginary securities based on how well they thought the book would sell. When more than 85 percent of the market participants predicted that the book would rank among Amazon.com’s top 1,000 sellers, Marcus breathed a sigh of relief.
Prediction markets aggregate the opinions of many people by asking them to trade shares or place bets reflecting their answers to questions about future developments. Since prediction markets emerged about 20 years ago, they have usually beat expert forecasters in predicting a wide range of events, including election outcomes, natural gas demand levels and even the weather.
Now businesses are using them to foretell sales and profits, identify the most appealing product features, anticipate likely project completion dates and perform other prognostications. Eli Lilly, General Electric, Google, Microsoft, Pfizer and Yahoo! have all used prediction markets.
Small companies have been slower to jump on the bandwagon, notes Robin Hanson, a George Mason University professor who has studied prediction markets for nearly two decades. However, he adds, there is no reason why they should stay away. Groups of as few as a dozen traders can constitute an effective market, and traders can include suppliers, vendors and other outsiders as well as employees. The monetary and time costs of prediction markets are also moderate, especially compared to the high-quality market research they can sometimes replace.
(Source: entrepreneur.com)
- Lighter Side: Internet Parking Notice
- During our routine sweep of the Internet we, the Internet Police, have discovered that you have been on your chair in front of the computer TOO LONG!
You are HEREBY ORDERED to clean up that pile of cups, cans, wrappers and papers on your desk (yes, we can see you – sit up straight!) and after you have logged into the real world for a minimum of ten minutes you may log back on to the Internet.
Failure to comply may result in loss of reality, carpal tunnel syndrome, and the requirement of a larger chair. The timer starts NOW!
You’ll thank us for this later.
(Source: My Humor )
- Today in Business History: Aug 19
- 1929: The comedy "Amos 'n' Andy" made its network radio debut on NBC.
1977: Comedian Groucho Marx died at age 86.
2004: Internet search engine Google went public.
(Source: NY Times )
- Wise Words
- "If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability".
-- Henry Ford
(Source: Woopidoo)
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Utah Pulse Highlights
Time is running out! Governor Jon Huntsman and the Governor's Office of Economic Development (GOED) are conducting an online survey to help guide them in developing a new economic plan for the state. Utah Pulse is the only place you can take the survey. Click here, and let them know your thoughts.
Now, on to Tuesday's news...
Fannie Mae and Freddie Mac seem to be in serious trouble. Fannie lost 22% of its share price, while Freddie fell 25%. The catalyst was a media report that suggested government takeover of the two mortgage giants was inevitable.
Even though the big oil companies are posting record profits, tough times are ahead. The companies are looking to expand, but they're being squeezed out of oil-rich countries that are nationalizing their oil production. What's worse is the price of oil is dropping due to decreased demand. Enjoy those 10-figure profits while they're around, eh?
Utah Senate leaders are already preparing the state for a dwindling budget. They tell the Deseret News that they are prepared to dip into the state's "rainy day fund" should tax revenue fall short.
Perhaps an offshoot of the struggles in the housing industry, Home Depot's earnings dropped 24% in the second quarter.
Oracle is moving its main data center to Utah. The state's climate will help them conserve more energy than at their current facility in Austin, TX.
Utah Pulse has a new feature allowing companies to post their own press releases to our site. Hey! Free PR! Just become a registered user and you can start adding your releases and calendar items.
--Bryan Schott, Managing Editor
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