Ground is expected to be broken in American Fork for a 29,000 square foot Class A warehouse building located at 871 S. Auto Mall Dr. The warehouse is already 100 percent pre-leased.

Brian Fruit, and Tracy Burnham are partnering on the project. 16,000 square feet of the structure will be used by the local Kneaders restaurant chain as a central distribution center while the balance will be occupied by Lizard Skins, a company owned by Fruit that manufactures accessories for bicyclists. Tom Stuart Construction will be the general contractor on the project, which Fruit said should take five to six months to complete.

Software company Xactware Solutions Inc., based in Orem was one of four to get an incentive for growth last week from the Governor's Office of Economic Development board. Xactware Solutions Inc., will invest more than $130 million in a new campus-type facility that will add over 859 jobs over the next 20 years.

Xactware, is a member of the Verisk Insurance Solutions Group whose products are used for estimating buildings and repairs.

Pearson VUE, the computer-based testing arm of Pearson, announced the acquisition of Certiport, a leading provider of performance- based certification exams and practice test solutions for academic institutions, workforce and corporate technology markets.

The Wayne Brown Institute is hosting a Deal Forum on May 31st for High Tech and Life Sciences companies seeking capital. The presenting companies have been selected and entrepreneurs seeking capital are encouraged to come watch, learn and network.

The Larry H. Miller group plans to break ground with a new Lexus dealership in Murray, Utah beginning in June of 2012.

The new Lexus dealership will be located at 5680 S. State Street, across from the current Lexus location. Plans also include a transformation of the existing space, which will become a mecca for pre-owned automobiles.

Big-D Construction has been named the General Contractor for the project and the expansion has been designed by FFKR Architect. The ongoing vision for success has resulted in plans to create this new and expanded space. According to the New York times, The pace of automobile sales last month was the highest in four years."

Obama also said the country needed to return to "old-fashioned American values," so "everyone gets a fair shake." Three years ago, Obama said if the economy hadn't turned around by this time, his presidency would be "a one-term proposition."

City leaders have allocated $10,000 in matching grant money for neighborhood business districts.Through the annual grant program, Salt Lake City officials seek to strengthen neighborhood businesses, saying they provide identity, vitality and a sense of place for residents, as well as economic stability and visual anchors for communities..

Zions Bank is hosting the Trade & Business Conference next Wednesday, May 23 from 8:15 a.m. to 1:30 p.m. at the Salt Lake Marriott Downtown at City Creek. Featured speakers include Carly Fiorina, Max Boot, Stephen Moore, and David Neeleman. Registration is required.

Utah's ZAGG Inc., a mobile device accessories company, said it has struck a deal to begin selling its invisibleShield products in 900 Walmart stores. The invisibleShield, available in more than 5,000 designs, consists of a thin, transparent military-grade film that can protect electronic devices from bumps, scratches and dings.

Governor Gary R. Herbert was honored by the Royal House of Portugal and inducted into The Order of Saint Michael of the Wings as Knight Grand Cross. The award was bestowed upon Governor Herbert by order of the Grand Master, His Royal Highness, Duke of Braganza because of the many Utah citizens actively engaged in causes of the Portuguese Royal Charities.

"This is an honor I happily accept on behalf of those I represent in the great state of Utah who are so willing to contribute and support the Royal Charities," said Governor Herbert. "It demonstrates one of the core values of this state to serve and be charitable, not only here locally, but to our friends around the world."

Facebook's $104 billion initial public offering on Friday transformed thousands of young people into instant millionaires - as well as a few billionaires - and already the booming luxury market in Silicon Valley is experiencing an upswing.

Multi-million dollar mansions and $100,000 Porsches are flying off local shelves in the Palo Alto, Santa Clara and Menlo Park areas of California. And the charge of luxury living is being led by a group of young entrepreneurs and techies as well as investors and venture capitalists that have scored famously from Facebook's Nasdaq debut.

The U.S. evacuated all its diplomats from the country as Syrian forces intensified a shelling assault on the restive city of Homs. The offensive began Saturday, the same day Syria's allies in Russia and China vetoed a Western- and Arab-backed resolution aimed at trying to end the brutal crackdown on dissent.

World leaders backed keeping Greece in the euro zone and vowed to take all steps necessary to combat financial turmoil while revitalizing a global economy increasingly threatened by Europe's debt crisis.

The United States celebrates the 150th anniversary in which President Abraham Lincoln signed the Homestead Act, the law that gave away 270 million acres of land and transformed the vast American interior.