August 2024

“That’s a Wrap” is your monthly dose of Utah Business highlights. We bring you a curated selection of our top five business stories from across the state. Whether you’re an entrepreneur, investor or simply passionate about the thriving business landscape in Utah, we’ve got you covered! Stay tuned as we wrap up the latest developments, trends and successes shaping Utah’s business community at the end of each month.

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Fast 50: Utah’s fastest-growing companies in 2024

Every year, Utah Business awards the 50 fastest-growing companies in the state. The following companies are ranked by total five-year revenue and compound annual growth rate. Congratulations to the 2024 Fast 50 honorees! Read more ?

How Trevor Larson co-founded Nectar

Trevor Larson is the co-founder and CEO of Nectar. Most importantly, he's a husband and dad of three who loves his faith, family and friends. Trevor graduated with a bachelor’s degree in business management from Utah Valley University. His passion is driving Nectar’s mission forward, reshaping company culture so people feel more valued and appreciated at work. Read more ?

How Scott Haslam founded Kingbee Work-Ready Vans

In 2021, Scott Haslam’s first year of founding Kingbee Rentals, the company earned $2.6 million in revenue. The next year, it made a whopping $18.8 million. Scott’s fleet now comprises 1,700 vans that are upfitted with shelves and ladder racks and ready to ship around the country. Kingbee also recently announced an expansion into Canada, partnering with a prominent transit company to deliver much-needed commercial vehicles to businesses and communities in all Canadian provinces. In the spirit of the Kingbee name, Scott extends his impact beyond business, nurturing a unique connection with a family of beekeepers from Cache Valley. He even keeps two beehives on the roof of his office, and each van he rents comes with a jar of honey. Since 2021, Scott has distributed over 3,500 jars of local honey harvested by the same local family. Read more ?

What is advanced air mobility, and how will it shape the future of transportation?

Last month, Utah Business partnered with 47G to host a roundtable on advanced air mobility (AAM). Moderated by Aaron Starks, president and CEO of 47G, they discussed current implementations, economic impact, required infrastructure and more. Read more ?

Why startup incubators, why now?

Like a prematurely born human, a startup’s best chance to get beyond minimum viability is to be nurtured in an incubator. In both medical and business settings, incubation doubles survival rates. Read more ?