AGP Executive Report
Last update: 10 hours agoAI Infrastructure: Salt Lake City-based Torus launched modular data-center platform Foundry and secured $500 million in growth capital. It says sites can deliver 1–20 megawatts of computing capacity in 12–16 weeks by using existing grid connections. A Utah startup has also submitted plans for nuclear-powered data centers, while state lawmakers signal that data-center regulation is coming. Manufacturing: Mars plans a $1.4 billion U.S. manufacturing investment in 2027, and its Utah-based Trü Frü operation is expanding, with 100 Salt Lake City jobs expected. Critical Minerals: A proposed facility at Tooele Army Depot would process rare earth metals used in advanced weapons magnets, helping reduce U.S. reliance on Chinese supply. Financing, permits and a land lease are still outstanding. Tourism: Utah ski resorts are heading into winter with expansions and upgrades, including seven new runs at Deer Valley. The industry supports more than 30,000 direct jobs and generated nearly $2.5 billion in spending two years ago.
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