Utah 4 February 20, 2017

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UTAH STATE EDITION

A Supplement to:

®

February 19 2017 Vol. II • No. 4

“The Nation’s Best Read Construction Newspaper… Founded in 1957.” Your Utah Connection – Dennis Hogeboom – 1-877-7CEGLTD – dennishogeboom@cegltd.com

Cancer Research Focus of $166.7M Expansion at ‘The U’ By Chuck Harvey CEG CORRESPONDENT

Completion of the project is expected in May 2017.

Cutting-edge family and pediatric canResearch Center cer research is the focus of a $166.7 milWill Be a Job Creator lion, six-story, 220,000 sq. ft. (20,439 sq Crews broke ground on the cancer m) research wing of the Huntsman Cancer research center project June 2014. The Institute under construction on the campus addition is expected to create 300 new of the University of Utah in Salt Lake City. high-level jobs. Known as the Primary Children’s and Architect for the expansion is Families’ Cancer Research Center, it will Architectural Nexus of Salt Lake City. double the institute’s research space. Contractor is Jacobsen Construction, also The new building, designed to serve as of Salt Lake City. an expansion of the Huntsman Cancer Curtis Leetham is project manager. Institute building, will house 35 new Leetham is architect-project manager for research teams and some of the doctors large capital healthcare projects supporting involved in clinical research and trials. It the University of Utah Healthcare and will not provide cancer treatment. Located at 2000 Circle of Hope, the building will provide space for research labs, administrative offices and expansion space. Two pedestrian bridges will provide access between the existing Huntsman Cancer Institute and the new cancer research The building will provide space for research labs, administracenter. tive offices and expansion space.

Cutting-edge family and pediatric cancer research is the focus of a $166.7 million, six-story, 220,000 sq. ft. (20,439 sq m) research wing of the Huntsman Cancer Institute.

Health Sciences programs. Jacobsen Construction was contractor for the 242,000sq.-ft. (22,482.5 sq m) Huntsman Cancer Institute building that sits directly north of the new cancer

research center. It includes six stories of clinical, laboratory, vivarium and open space. The research center is being constructed primarily of concrete and steel with numerous large windows to brighten up the intesee CANCER page 6

Utah Economy Expected to Continue to Prosper in 2017 Utah’s economic expansion is expected to continue in 2017, according to the latest Economic Report to the Governor. The report, presented to Gov. Gary Herbert at the Salt Lake Chamber’s annual Utah Economic Review, documents Utah’s strong economic performance in 2016 and forecasts another favorable year for Utah. “Utah’s economic performance was among the strongest in the nation in 2016. Our state added jobs at more than twice the pace of the nation, and our unemployment rate is the lowest it’s been in more than eight years,” said Juliette Tennert, director of economic and public policy research at the David Eccles School of Business’ Kem C. Gardner Policy Institute

and the co-chair of the Utah Economic Council, which prepared the report. “We expect that growth will moderate in 2017, but Utah’s economy will continue to be a top performer among states.” Highlights from the report: • Employment — Utah added an estimated 49,500 jobs in 2016. Its 3.6 percent employment growth was more than double the national rate of 1.7 percent. All major sectors posted job growth. • Population — Utah’s population surpassed the 3 million mark in 2016. Net in-migration of more than 24,000 was the most in 10 years and contributed to 40 percent of the state’s total population growth.

• Construction — The construction sector posted the highest job growth in 2016, 6.8 percent, fueled by both robust residential and commercial activity. The value of commercial construction reached a record $2.5 billion in 2016. • Leisure and hospitality — The leisure and hospitality sector posted 6.1 percent job growth in 2016, fueled by low unemployment and rising wages for Utahns, along with growth in travel and tourism activity; Utah’s ski resorts and national parks hosted a record number of visitors in 2016. The Utah economy is not without headwinds in 2017. Potential changes in federal trade policies, geopolitical instability, normalization of monetary policy and supply of worksee ECONOMY page 10


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