The Daily Buzz – March 7, 2016

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House budgetary proposals were release last week and of the many duties that make up the legislative session, nothing is more important than producing a balanced budget. Collectively, thousands of hours have been spent hearing, sifting, debating and refining hundreds of funding requests to determine how to most responsibly spend taxpayer monies. Click here to read more.

 

Speaker Greg Hughes, Representative Mike Schultz, Founder and CEO of Domo Josh James and Managing Director of Signal Peak Ventures Brandon Tidwell held a joint press conference Friday, March 4, 2016 to announce the benefits and support for H.B. 251, Post-employment Restrictions Amendments.

CEOs, founders and venture capitalist released these statements in a joint press release following the press conference concerning non-competes:

Dave Elkington, CEO of InsideSales.com, said “When employers take care of their employees and build trust, employees become better partners in your business. Strengthening intellectual property and other protections for unique and proprietary business assets is one way to ensure balance.”

“No one area has an exclusive on talent,” said Ryan Smith, co-founder and CEO of Qualtrics. “If we want to continue attracting the best talent to Utah, we need to cultivate an environment where opportunity and innovation thrive. That means getting rid of old-school restrictions that hurt growth.”

“As long as employees don’t harm their former companies by taking proprietary information, they should be free to work where they choose,”said Josh James, founder and CEO of Domo.

Brandon Tidwell, Managing Director at Signal Peak Ventures, said, “We strongly believe that allowing the free flow of talent is best for Utah’s economy and we will encourage our portfolio companies to opt into this pledge to remove non-competes.”

John Pestana, Co-Founder of ObservePoint, said “In Utah, where the cycles of innovation and entrepreneurship are spinning faster than ever, non-compete policies risk keeping high-impact individuals in low-impact roles. It’s like trying to steer a speedboat while dragging anchor.”

The schedule for Monday, March 7, 2016:

8:00 AM: House Chamber, House Floor Time 8:00 AM-9:50 AM

10:00 AM: House Business and Labor Committee

10:00 AM: House Education Committee

10:00 AM: House Health and Human Services Committee REVISED

10:00 AM: House Public Utilities and Technology Committee

2:00 PM: House Chamber, House Floor Time 2:00 PM-4:00 PM

4:00 PM: House Judiciary Committee

4:10 PM: House Law Enforcement and Criminal Justice Committee

4:10 PM: House Natural Resources, Agriculture, and Environment Committee

4:10 PM: House Transportation Committee

6:00 PM: House Chamber, House Floor Time 6:00 PM-as needed

Top Tweets:

ICYMI:

Employee noncompete bill stirs hornet’s nest in Utah business community [Deseret News]

Companies Clash w/ Workers Over New Non-Compete Proposal [KUER]

Guest opinion: Non-competes can have damaging effect on Utah business [Herald Extra]

Domo, Qualtrics, InsideSales.com reduce non-competes before Utah vote [Silicon Slopes]

Utah lawmakers debate non-compete agreements, bill advancing to full Senate [Fox 13 News]

Debate over non-competes heating up at the Capitol [ABC 4]

Fight Over Non-Compete Contracts Flaring Up in Legislature’s Final Days [Utah Policy]

Op-Ed: Non Compete Agreements Needlessly Stifle Innovation [Salt Lake Tribune]