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Hispanic Business TV > Salt Lake City > 2024 Year in Review – Utah Business
Salt Lake City

2024 Year in Review – Utah Business

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Last updated: January 4, 2025 7:47 pm
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This story appears in the January issue of Utah Business. Subscribe.

JANUARY

Fullcast’s $34M seed round, Nature’s Bakery’s plans for a $237M baking facility in Salt Lake City, USANA Amphitheatre’s transformation to Utah First Credit Union Amphitheatre, a comprehensive K-12 school safety solution implementation and more. Read more >

Photo courtesy of Northrop Grumman

FEBRUARY

rPlus Energies’ $460M funding round, the Larry H. Miller Company’s Power District unveiling, Crumbl’s 1,000th store milestone, the opening of Intermountain Primary Children’s Hospital’s second campus in Lehi and more. Read more >

And is changing the messaging of personal care products to highlight the importance of self-love and mental health.
Photo courtesy of SadieB Personal Care

MARCH

Brandon Sanderson’s Audible royalties initiative, Young Automotive Group’s centennial celebration, Beyond Inc.‘s Overstock.com relaunch, Kevin Bacon’s return to Payson for “Footloose” festivities and more. Read more >

Kevin Bacon gives remarks at Payson High School before partaking in a community kit-building program with Bacon’s charity Six Degrees in Payson on Saturday April 20, 2024. | Marielle Scott, Deseret News

APRIL

Six Utah cities rank among the best for small business startups, the launch of Cox’s Startup State Initiative, Guidehouse’s $12B Air Force contract, Nucor Corporation’s new $35M manufacturing facility in Brigham City and more. Read more >

Photo courtesy of Onset Financial

MAY

Peterson Private Equity’s $265M Fund X closing, Comcast’s $138M fiber network expansion across Utah counties, the formation of the PHASE Alliance, Bridor’s new manufacturing facility announcement in Greater Salt Lake City and more. Read more >

President George W. Bush, left, speaks at Crossroads of the World International Trade Summit at the Grand America Hotel in Salt Lake City on Thursday, May 23, 2024. At right, Zions Bancorporation Chairman and CEO Harris Simmons listens. | Photo courtesy of Crossroads of the World International Trade Summit

JUNE

Smith Entertainment Group’s securing of an NHL franchise in Utah, Waystar’s $21.50 per share IPO, Leitner-Poma’s $27M facility launch in Tooele, The Picklr’s substantial $59M Series B funding round and more. Read more >

The Utah Hockey Club sign is lit up outside of the Delta Center in Salt Lake City on Monday, Nov. 18, 2024. | Kristin Murphy, Deseret News

JULY

The 2034 Winter Olympics secured, the Salt Lake Chamber and EDCUtah strategic combination, Intermountain Health’s pioneering use of the OrganOx device, rPlus Energies’ $1B+ financing for the Green River Energy Center and more. Read more >

Olympic champion Derek Parra, Fraser Bullock, Gov. Spencer Cox and Salt Lake City Mayor Erin Mendenhall and others laugh as they cut a cake as Utah’s Olympic delegation gather for a sendoff celebration at the Salt Lake International Airport prior to boarding a flight to France on Monday, July 22, 2024. | Scott G Winterton, Deseret News

AUGUST

Ninety-four companies on the Inc. 5000 list, the Utah Office of Energy Development’s $249M RELIEF project award, Farmstead Manufacturing’s new production facility in Leeds, Smith Entertainment Group’s 111-acre acquisition for the NHL team’s facility and more. Read more >

The Utah Inland Port Authority (UIPA) today announced the approval of the Historic Capitol Project Area, a major initiative aimed at fostering economic growth and infrastructure development in Fillmore City.
An aerial photo of a portion of the Historic Capitol Project Area.

SEPTEMBER

Campbell’s $160M Richmond bakery expansion, Angel Studios’ move to go public, Strider Technologies’ $55M Series C funding round, four new productions for state film incentives and more. Read more >

Great Salt Lake at sunset is magical. | Photo by Spencer Baugh

OCTOBER

Utah companies make TIME’s Best Inventions list, Rio Tinto’s renewable diesel transition at Kennecott, Sky Quarry’s NASDAQ debut, the historic Union Pacific Depot’s transformation into the Asher Adams hotel and more. Read more >

Salt Lake City International Airport’s River Tunnel is pictured in Salt Lake City on Wednesday, April 3, 2024. | Jeffrey D. Allred, Deseret News

NOVEMBER

JobNimbus secures Utah’s largest Series B at $330M, Teal Drones’ major U.S. Army contract, Utah’s outdoor recreation economy hits $9.5B, the first new railroad in Utah in 80 years with Savage Tooele Railroad, a $112.4M EPA grant and more. Read more >

New symphony music director Markus Poschner rehearses with the Utah Symphony at Abravanel Hall in Salt Lake City on Wednesday, Nov. 20, 2024. | Jeffrey D. Allred, Deseret News

DECEMBER

Pura’s Pantone partnership, UTOPIA Fiber’s $17.6M West Haven City project completion, Utah Transit Authority’s $62.8M federal grant, The Other Side Academy’s groundbreaking of its new pavilion and more. Read more >

County Library Sandy branch. | Photo courtesy of The County Library

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