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Inflation causing struggle for Utah small businesses

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Inflation causing struggle for Utah small businesses


SALT LAKE CITY – Derek Miller, the president and CEO of the Salt Lake Chamber, said that inflation has become an un-ignorable problem for many people. However, Utah small businesses get hit the most. 

“About 37%, roughly four in ten, rate inflation as their number-one concern,” said Miller. He added that the same amount was reflected by small businesses. 

“In the past, not many people were talking about inflation around the dinner table. But they’re talking about it now… The things they are eating are costing a lot more,” said Miller. 

Economic backing for Utah small businesses

Inflation increases the cost of inputs, lowers sales, and raises interest rates for small businesses. Miller called the effects a perfect storm for a state where small business is the backbone of the economy. Fortunately, he said, the economy is still strong.

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According to Miller, there are three fundamental principles to make sure the economy remains strong. 

First, Utah needs a workforce that continues building small businesses and spending money.

“We are a consumer-led economy, and so the fact that people have jobs is important,” Miller said. He added that Utah needs to continue its strong business environment.

Miller said that businesses “crave predictability,” pointing to low and stable tax rates. 

Second, Utah’s reasonable regulations need to continue. Miller said the same regulator reform should be adopted at the federal level. For example, updating business licenses by email instead of mail.

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Third, Miller said Utah small businesses need market access.

“We do really well in Utah at expanding outside our own borders, including outside the borders of the United States.” Despite being landlocked, midsized, and in the mountain west, Miller said Utah is a top export state.

“Exporting goods and services is just importing money.”

Improvement timeline

If Utah can follow those three principles, then Miller hopes inflation will begin going down.

“There was a goal by the Federal Reserve to get it down to 2%…. I would say coming down from 9% to 3.4%, as of April, we probably have two wheels of the airplane that have landed softly,” said Miller. 

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He admitted inflation is not where the Federal Reserve wants it to be. However, inflation has gone down enough to avoid a recession. Even then, Miller thinks we can hit the goal of 2% by the end of the year.

“I’m hopeful that we can. All the indicators show we can,” said Miller. 

Utah launches Startup State Initiative to help entrepreneurs and small businesses

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Utah cheer gym responds to loss of Addi Smith after apparent murder-suicide in Las Vegas

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Utah cheer gym responds to loss of  Addi Smith after apparent murder-suicide in Las Vegas


The Utah cheerleading community mourns the passing of Addi Smith, who has been confirmed by her coach as the young girl killed in Las Vegas while attending a cheerleading competition.

Las Vegas Metro Police said in a press release that this event is being investigated as a murder-suicide. They said a mother shot her daughter and then herself. Police did not release the names of the victims. Social media users, family members and both current and former coaches identified Addi as the victim, and her mother, Tawnia McGeegan, as the other deceased.

In a press release, Kori Uyetake, owner of Utah Xtreme Cheer, said:

“With the heaviest hearts, we share the devastating news that our sweet athlete Addi has passed away. We are completely heartbroken. No words do the situation justice. She was so beyond loved, and she will always be a part of the UXC family. Please keep her family in your thoughts and prayers and continue to send them love as they navigate this unimaginable loss. We ask that you respect their privacy during this time. Addi, we love you tremendously.”

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MORE | Addi Smith

Members of the Utah Xtreme Cheer team were in Las Vegas for the JAMZ National Cheer Competition.

Uyetake, who was at another competition at the time, told 2News that when Addi did not show up to the competition on Sunday morning, they began to get worried, but did not imagine this would be the outcome.

The cheer studio put out a missing persons flyer on social media, asking for the community’s help.

Police in West Jordan told 2News they were contacted by Las Vegas police for an agency assist to search for the missing mother and daughter.

At 2:37 p.m. PT, Las Vegas police entered the hotel room and found two unresponsive females suffering from apparent gunshot wounds. Both were pronounced dead at the scene.

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The competition, which continued Monday, started the final day by honoring Addi with a moment of silence.

Jeff Krapf, the event’s host, led the room with a speech, reminding the audience to “think of her smile, the kind that showed up before the music even started. The kind that made practices lighter, competitions like this brighter. The kind that reminded all of us why we fell in love with the sport in the first place.”

Fusion All-Star Cheer, a cheerleading team Addi was formerly a member of, shared its own statement on Facebook, saying:

“We are completely heartbroken by the loss of our former athlete Addi. She was absolutely loved in our gym and it was a privilege to be a part of her life. She will always be remembered for her sweet smile and light that she brought to her teams and to our gym.”

Members of the cheerleading community across the country shared their shock and condolences online, many remarking on how tight-knit cheer teams are and how Addi’s passing will affect many young athletes.

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A GoFundMe has been started by Addi’s uncle to help support her family and cover funeral expenses.

“This heartbreaking event has left the family in deep shock and grief, struggling to come to terms with the sudden loss of Addi in such a way. In the midst of this tragedy, we are reaching out to the community to help Brad and his family navigate the difficult days ahead.”

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Utah owns US Magnesium site. Now it has a mess to clean up

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Utah owns US Magnesium site. Now it has a mess to clean up


Editor’s note: This article is published through the Great Salt Lake Collaborative, a solutions journalism initiative that partners news, education and media organizations to help inform people about the plight of the Great Salt Lake.

SALT LAKE CITY — U.S. Magnesium ceased mineral operations in 2021 amid some equipment failures, which ultimately led to its bankruptcy filing last year.

Yet, state officials say the Tooele County plant was still pulling 50,000 to 80,000 acre-feet of water out of the Great Salt Lake every year, which is about as much as some medium-sized reservoirs can handle and a large chunk of its nearly 145,000 acre-feet in water rights.

It was also the third time that the 4,500-acre facility had shut down over issues, so when its assets went up for auction, Utah leaders decided to strike.

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“Rather than just try to reorganize and do the same thing again … the state said, ‘Hey, there’s an opportunity, and we’re going to step up,’” said Joel Ferry, director of the Utah Department of Natural Resources.

Utah agencies and lawmakers acted quickly, swooping in and purchasing it for $30 million during a bankruptcy auction last month. It outbid LiMag Holdings, a company with ties to the plant’s owner, to keep all that water in the lake.

The state’s purchase was finalized last week, after funds from a rainy day account were included in a base budget bill that Gov. Spencer Cox signed. Great Salt Lake Rising, a philanthropic effort to fund lake solutions, ultimately served as a “backstop” to fund the purchase if the state wasn’t able to transfer the funds that quickly.

Utah is now looking at what’s next for the site, including what its duties and obligations are, Ferry told state legislators in a meeting about lake issues on Tuesday.

What the state does know is that it has a mess to clean up. The Environmental Protection Agency included it on its list of hazardous superfund sites in 2009.

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“Facility operations and waste disposal practices contaminated soil, air, surface water and groundwater with hazardous chemicals,” the agency wrote, adding that it posed a threat to workers, as well as birds and wildlife.

What the cleanup looks like is still unclear, though. Utah already had a liability with the site because it’s on sovereign lands, and it had leased mineral rights to the company. But now that it owns the site, it doesn’t have a full picture of the situation.

The state has yet to determine how large the contamination is or what all the contaminants are, which will help understand how much it will cost to fix it, said Tim Davis, director of the Utah Department of Environmental Quality. All of that will be compiled into a record of decision outlining how it’ll be cleaned up in the future.

“It’ll take time; it will not happen immediately. A lot of this is very complex, and there will be additional resources. (We’ll) need funding to pay for that cleanup,” he told KSL after the meeting, adding that having the state jump ahead and compile this saves time and money rather than waiting on the federal government.

No timeline has been set for when the report will be released, but Davis suspects the cleanup will take years to complete.

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It will be a “significant cost,” which Utah could pay for through new mineral extraction agreements, Ferry said. The critical minerals within the lake, like salt, lithium, potash and, yes, magnesium, are still in high demand, and there are new technologies that can extract them without using much water.

“We’re looking at those kinds of opportunities to do this in the right way,” he said. “But from an air quality perspective (and) from a water quantity perspective, this was one of the biggest things we could have done today to lead to a positive change on Great Salt Lake.”

The Key Takeaways for this article were generated with the assistance of large language models and reviewed by our editorial team. The article, itself, is solely human-written.



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Utah cheer team seeks help finding missing mother, daughter last seen at New York-New York Hotel

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Utah cheer team seeks help finding missing mother, daughter last seen at New York-New York Hotel


A Utah cheer team is asking for the public’s help to find a mother and daughter they say are missing on Saturday February 14.

Tawnia McGeehan and Addi Smith were last seen at the New York-New York hotel.

Police have not confirmed the disappearance.

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