December 2013 in Review: How Utah Business Is Progressing

  1. LeanWerks Continues to Grow
    The manufacturing business that focuses on building tool machines has moved into a new building to accommodate company growth. The move occurred in early December 2013. The company started in 2008 with 20 employees and now employs 53 people. The manufacturing facility was purchased in 2012 and renovated to accommodate the company’s needs.
  2. Vivint Expands Offices to Lehi
    Although the home automation company already owns two buildings in Provo, Vivint opened another office in Thanksgiving center in Lehi. With 100,000 square feet available for the new Lehi office, Vivint employees will have access to the growing surroundings in Thanksgiving Center, including shopping outlets and multiple restaurants.
  3. LDS Missions are Linked with Entrepreneurial Skills
    An article on Forbes.com recently connected the skills that LDS missionaries learn out in the field with the skills that help entrepreneurs succeed. Joshua Steimle, an online marketer living in Hong Kong, talks about his own experiences as an LDS missionary and that prepared him for entrepreneurship.
  4. Utah Has Increased Population and Lower Gas Prices
    With an increase of 46,000 residents, Utah has a growth rate of 1.6 percent. That makes Utah the second-fastest growing state in the United States. The main reason for growth is Utah’s high birth rate, but it may also have something to do with Utah’s improving economy.
    Utah’s gas prices are also improving, with $3.05 a gallon as the lowest point through mid-December. Only seven states had lower prices than Utah at this point, which is encouraging for Utah residents.

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