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Around Utah: Economic indicators demonstrate cautious optimism for Utah growth

By Staff | Jul 10, 2025

Rick Bowmer, Associated Press

Downtown Salt Lake City is shown Wednesday, April 10, 2024.

The Salt Lake Chamber, in partnership with the University of Utah’s Kem C. Gardner Policy Institute, has released the June 2025 Roadmap to Prosperity Economic Dashboard to inform business leaders’ understanding of Utah’s economy. This tool prioritizes key data on the state’s economic outlook and actionable context for decision-makers.

“As we move into summer, Utah is showing signs of optimism and growth, including year-over-year gains in airport travel as the travel season kicks off,” said Derek Miller, president and CEO of the Salt Lake Chamber. “Utah’s rising consumer sentiment, while still lower than it was at the close of 2024, signals cautious optimism as Utahns adjust to the changing economic environment. Post-pandemic new construction highs, combined with these other signs, display the resilient nature of Utah’s economy.”

Three essential insights from the June 2025 Roadmap to Prosperity Dashboard include: Consumer confidence rebounds, but remains below December 2024 levels, new construction reaches a post-pandemic high in May and summer travel season begins with solid passenger growth.

— Salt Lake Chamber

1,000+ hygiene kits to support Utah teens and families

This spring, hundreds of Bank of Utah team members assembled and delivered more than 1,000 hygiene kits to teen resource centers, shelters and schools throughout the state.

The project was part of a bank-wide initiative to support students and individuals facing financial hardship. Each kit included essential hygiene items — soap, shampoo, conditioner, body wash, toothpaste, toothbrushes, brushes, combs, razors, deodorant and washcloths — along with something uniquely Bank of Utah: a financial literacy booklet and a handwritten note of encouragement from a Bank of Utah team member.

“We wanted to offer more than just essentials,” said Cherie Hanson, SVP of Marketing at Bank of Utah. “We wanted each person who receives a kit to feel empowered, supported and genuinely cared for. As a community bank, Bank of Utah is committed to making a positive impact, and our team members are always willing to step in when they see a need and uplift the communities where we live and work.”

Thanks to the collaborative efforts of team members and nonprofit partners, kits were delivered to the following organizations: Box Elder School District Foundation, Cache School Education Foundation, Ogden School Foundation, Weber School Foundation, Wasatch Education Foundation, Utah Military Academy, Davis Education Foundation, Granite Education Foundation, Youth Futures, First Step House, Alpine School District Foundation and Tabitha’s Way.

— Bank of Utah

Sen. Curtis introduces bill to counter Chinese sabotage of Taiwan’s undersea cables

U.S. Senators John Curtis (R-UT) and Jacky Rosen (D-NV), members of the Foreign Relations Committee, today introduced the Taiwan Undersea Cable Resilience Initiative Act, bipartisan legislation that would protect Taiwan’s critical communications infrastructure and deter malicious “gray zone” activities by the People’s Republic of China (PRC). The cables–critical for global communication and commerce–have been a primary target of the PRC for undercover sabotage to undermine Taiwan’s security and sovereignty.

“We can’t stand idle as China ramps up its tactics to isolate Taiwan, including by sabotaging its vital undersea cables,” said Senator Curtis. “By improving systems monitoring and helping increase cable resiliency, our bipartisan legislation sends a clear message: the United States stands with Taiwan and our allies in defending shared infrastructure, sovereignty, and freedom.”

— Office of Sen. John Curtis

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