Deadline to apply for SBA disaster fund is January 22

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Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West today reminded Utah private nonprofit organizations of the Jan. 22, 2018, deadline to apply for an SBA federal disaster loan for economic injury caused by severe winter storms and flooding that occurred Feb. 7-27, 2017. Private nonprofits that provide essential services of a governmental nature are eligible for assistance. 

According to Garfield, eligible private nonprofits of any size may apply for SBA Economic Injury Disaster Loans of up to $2 million to help meet working capital needs caused by the disaster. “Economic Injury Disaster Loans may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact. Economic injury assistance is available regardless of whether the private nonprofit suffered any property damage,” Garfield said. 

These low-interest federal disaster loans are available in Box Elder and Cache counties. 

The interest rate is 2.5 percent with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition. 

Applicants may apply online, receive additional disaster assistance information and download applications at https://disasterloan.sba.gov/ela. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email This email address is being protected from spambots. You need JavaScript enabled to view it. for more information on SBA disaster assistance. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

GOED appoints new IT/Aerospace/Defense Cluster Director

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The Governor’s Office of Economic Development (GOED) has appointed Chanel Flores as the director of the IT and aerospace and defense clusters.

In her role as cluster director, Flores will serve as liaison to aerospace and IT companies statewide. She will engage members of the state’s two fastest growing industries in various programs and initiatives to develop solutions for workforce challenges and ultimately optimize growth. Her work will be part of GOED’s strategic industry cluster initiative, which supports the diversification of Utah’s economy.

“Chanel has a proven ability to build the relationships necessary for unprecedented partnerships,” said Ginger Chinn, managing director of Urban and Rural Business Services at GOED. “Her experience in education, particularly workforce development programs, makes her a prime candidate for propelling the sustainable growth of two of Utah’s rapid-growing, high-tech industries.”

Flores has served the past few years as employer and continuing education manager for Davis Technical College, where she was responsible for Custom Fit training, employer private training and continuing education. Prior experience includes various roles with BBSI and Management and Training Corporation. Flores has more than a decade of experience in technical education. She currently serves as the education chair on the Society for the Advancement of Material and Process Engineering (SAMPE) executive board.
Flores received a Bachelor of Science degree in organizational communication from Weber State University and is currently attending graduate school at Westminster College studying strategic communication.

Stimulating Economic Growth Through Corporate Recruitment

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With all the news about Utah competing to win Amazon's second HQ, this is a good time to look behind the scenes at how corporate recruitment enhances Utah’s economic prosperity.

To get a better understanding of how Utah approaches corporate recruitment I reached out to EDCUtah President and CEO, Theresa Foxley. One of the important things she shared with me was the recently released report on her organization’s economic impact for the fiscal year 2016-17.

Building a Pipeline for the Future

Over the next 10-20 years, EDCUtah’s 34 project wins in 2016-17 will equate to 24,237 direct and indirect jobs. Additionally, the compensation and wages from those jobs will have a direct impact of more than $641 million and a total impact of more than $1.4 billion. Overall, she said the direct capital investment from those project wins is estimated at more than $915 million, while the total capital investment impact will reach more than $4.7 billion.
Those are impressive numbers. What’s more, if we extrapolate numbers like that over the 30-plus years that EDCUtah has been leading the corporate recruitment effort the results would, I am certain, be quite staggering.

As Theresa and I talked, I wondered how many people in Utah realize the impact EDCUtah, or “Team Utah” as they like to be called, is having on the state in terms of corporate recruitment and sustainment. Given the strength of Utah’s economy—which has steady economic growth and just a three percent unemployment rate—few people see the effort put in behind-the-scenes to ensure Utah’s economic success. Theresa said her team is able to focus on two verticals: (1) research and marketing and (2) business development.

Regarding the first, she said Team Utah conducts extensive research and marketing to support its 60 public partners in their economic development goals. Additionally, they also assist their private partners with their research and data needs.

As for business recruitment, Theresa told me that retaining and recruiting high-paying jobs to the state is one of Team Utah’s highest priorities. She noted that as home-grown businesses flourish in the state, they often have the site selection needs as outside business who are looking to relocate or expand. Thus, Team Utah focuses on supporting these businesses so that they don’t feel like they need to exit the state to find suitable working environments and the workforce.

“We always want to make the case regarding why they should stay here and grow,” she added. “It’s really the same message we share with outside companies that we want to recruit here.”

For its outside recruitment efforts, EDCUtah focuses on six economic clusters where Utah has a unique competitive advantage: aerospace and defense, energy and natural resources, financial services, life sciences, outdoor products and software development/information technology.

Businesses in those cluster areas typically pay higher wages than other types of businesses that could be recruited to the state. Each of these vibrant sectors leverages Utah’s core compelling competencies in a broad range of industries, innovation, workforce and competitive advantages. Theresa noted that together, the cluster areas have a growth rate of approximately four percent, which is higher than the state’s three percent average growth rate.

As Team Utah recruits businesses within those cluster areas, the organization is not only attracting high-quality businesses to the state, but also helping to build out the supply chains and infrastructure that will help those businesses and industries thrive here and generate even more growth.

In another exciting element of Team Utah’s corporate recruitment effort, Theresa told me her organization recently completed its first product development milestone, the “Mega Site” certification of a large tract of land in Elberta, which is located in Utah County. Knowing that I was puzzled about what a “Mega Site” is, she described it as a large tract of land that her organization and partners have extensively researched, that is heavily infrastructured and located in a community looking for a landmark development project.

What EDCUtah recognized is that by taking the guesswork out of site development, Utah would be more attractive to the large-scale advanced manufacturing businesses that require extensive space and infrastructure. Leading up to the certification the team began an exhaustive best practices survey in partnership with MRED students at the University of Utah and then formed Mega Sites Steering Committee to set up a process for certifying a Mega Site that would also serve as a beta site.

“We now have all of the information on the site that we need to actively pitch it to the right tenant,” she added.

As the private face of corporate recruitment in the state, EDC Utah works with many partners, ranging from World Trade Center Utah and the Governor's Office of Economic Development to utility companies to higher education organizations.

“I know it’s cliché,” said Theresa “but we couldn’t be successful in corporate recruitment without the unique partnerships that are­­­ truly Utah’s secret sauce. The state is so unique, everyone we work with is happy to support us and evangelize all that Utah has to offer.”

Derek Miller, President & CEO
Utah Trade Center

Reprint from Utah Policy Daily