Latest reporting from the Business desk.
Business
Lindon-based Fortem Technologies announced an expanded partnership with European weapons maker MBDA to integrate its DroneHunter and FireThorn autonomous interceptors into allied air-defense networks, adding to a string of U.S. defense contracts and a $50 million funding round fueling growth at its Lindon facility.
Business
Harvest Restaurant at Thanksgiving Point in Lehi launched a new fall menu on Oct. 7 featuring Wagyu Short Rib Osso Buco, Brown Butter Pumpkin Ravioli and seasonal dishes built around pumpkin, butternut squash and heirloom carrots.
Business
SoftBank Group invested $225 million in Autonomous Solutions, Inc. and formed a separately funded joint venture to deploy autonomous construction fleets, deepening a partnership with the 25-year-old Utah robotics company that opened a Lehi office last year.
Business
Mo' Bettahs Hawaiian Style Food opened its 36th Utah restaurant at 10969 N Town Center in Highland on Sept. 25, bringing the fast-casual chain's plate lunches to the Town Center corridor.
Business
Clark Robinson is seeking a conditional use permit and glass-facade exception from the Lehi Planning Commission to open what he describes as the nation's first inclined indoor wingsuit facility at 2959 N. Triumph Blvd., with a public hearing set for Sept. 24.
Business
Lehi's city-owned fiber network has surpassed 7,000 subscribers at a 30% take rate one year after completion, but still needs roughly 10,500 to cover its nearly $65 million bond without tapping city reserves. Officials plan to present a full financial update to the City Council in October.
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Business
A University of Utah study describes a "boomerang effect" in which data centers initially lower local property tax rates but cause them to climb back as server equipment rapidly depreciates, raising questions for Lehi-area homeowners along the Silicon Slopes corridor.
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Business
CentraCom, a Fairview-based fiber provider already operating in Lehi, is expanding into Alpine and asking residents with slow internet to contact Mayor Carla Merrill so the company can prioritize underserved areas first.
Business
Lehi-based Weave Communications will go private in a $650 million all-cash acquisition by Francisco Partners, paying shareholders a 34% premium and adding a second major Utah healthcare-tech company to the private equity firm's portfolio.
Business
Tyson Foods is permanently closing its Eagle Mountain beef-processing plant on or around Oct. 12, eliminating 723 jobs and an estimated $44 million annual payroll along the I-15 corridor near Lehi, citing a historic U.S. cattle shortage.
Business
The Utah Transit Authority is proposing to raise its base fare from $2.50 to $3.00 for the first time since 2013, adding about $260 a year for daily commuters; the public comment period opens Monday, Aug. 10, and closes Sept. 9.
Business
Lehi's July 2026 housing market saw 119 home sales, down about 18% from a year ago, with the average price slipping to $687,419 while inventory climbed to 339 active listings, giving buyers more options amid persistent affordability challenges.
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