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Utah restaurant uses crowdfunding to finance interior design

Financing can be one particularly challenging part of starting a new business, but it's a challenge that entrepreneurs tend to embrace. With investment comes risk, and allaying concerns that make investors reticent can be a tricky aspect of securing the funds you need to lay a foundation.

Crowdfunding has become an increasingly popular way of getting around some of the traditional challenges of financing. Essentially, through platforms like Indiegogo and Kickstarter, business owners are limiting risk by avoiding debt and not giving a piece of the business to investors. Of course, not all projects are suited for a crowdsourcing platform, but the method can be used to fund certain moving parts of a company. 

NAWBO report finds economic optimism high for 2014

There is no question that the last few years have been anything but tranquil for business owners here in Utah and across the United States. That's because of the toll taken by the recent recession, which saw high unemployment, record foreclosures and limited consumer spending. Fortunately, it appears as if the economy is finally on the mend and that business owners are now becoming more confident about the future.

Indeed, a recently published report by the National Association of Women Business Owners found that the majority of surveyed members expressed a decidedly optimistic outlook for the coming year.

Specifically, the 2014 State of Women-Owned Businesses report found that the majority of the 600 NAWBO members who responded to a survey were hopeful about the economic outlook for their businesses in 2014. This constitutes a 12 percent increase from the previous year.

Utah business boot camp kicks off next week

St. George veterans of military service know that boot camp can be a transformative experience. Young people enter boot camp and in a relatively short time are shaped into military personnel ready to protect their nation.

An upcoming Utah business boot camp will operate on a similar principle, except that leaders of emerging businesses will be outfitted with knowledge and tools useful in protecting and nurturing a company.

Utah launches new business website

News outlets in St. George and around the state have been reporting on a website recently launched by the Utah Governor's Office of Economic Development: Business.utah.gov.

Perhaps the name isn’t the catchiest ever, but its focus is tight. It’s aimed at Utah businesses, citizens and legislators, as well as out-of-state businesses. 

Utah cities land gigabit mega-deal

You might recall that last year, Provo became the third American municipality to land a prized partnership to become a “Google fiber city.” After the deal was announced, Google began to build a fiber optic network to bring ultra-fast broadband to the city about 250 miles north of St. George.

Recently, 11 more Utah cities announced a deal to build gigabit networks. They won’t be working with Google, however, but rather with an Australian infrastructure firm. The agreement could well spur further growth in business in those cities in the Great Salt Lake area.

Report: Washington County commercial real estate market growing

Good news continues to roll in about Utah business in 2013. A large commercial real estate services firm recently issued its annual review of Utah’s commercial real estate market. According to the review, the market is returning to pre-recession levels here in Washington County and across the state.

The greatest surge was recorded in total investment sales; last year at the second-highest total in history (almost $1.4 billion in sales).

Utah businesses support campaign to get kids interested in STEM

In developing effective business strategies, we spend a significant amount of time looking back on what has worked in the past, what continues to work under the present circumstances, and what is likely to work in the future. Of course, that may all seem straightforward enough, but truly innovative ideas often have a sense of prescience about them.

Some businesses in Utah have chosen to look not only toward their own future, but also toward the future of the young people who may one day have the knowledge and skills to drive a wide variety of industries. Those businesses plan to donate funds to a campaign designed to draw students' interests toward the STEM subjects -- science, technology, engineering and math. 

Cameron Morby's presentation at the Utah Banking Association 2014 AG Conference?

The Utah Bankers Association 2014 Ag Outlook and Conference is scheduled for this Thursday, January 23 and Friday, January 24 and will be held at the Dixie Center. Our very own Cameron Morby will be presenting on Friday at 8:45 a.m. and will be talking about strategies relating to Family Farm Succession Planning. He will be co-presenting with Tyler Finlinson of Soltis Advisors and together they will be giving some great advice and suggestions. You won't want to miss this event!

Two Utah cities rise near top of business rankings

Utah's economic surge continues. That's the takeaway from a newly released report showing Salt Lake City and Provo-Orem are two of the Top 25 Best-Performing Large Cities in America.

The business rankings place Provo-Orem at number two nationwide, with Salt Lake City hot on its heels at number five. The rankings are good news for existing business owners as well as for those entrepreneurs ready to strike out on their own to form a business.

Utah business forecast: Good gets better

Utah's sound economy and increase in jobs made for a good 2013, analysts say.

The economic signs point to "an even better 2014," according to a report in the Salt Lake Tribune.

The forecast includes a drop in unemployment matched by a rise in real estate values. Also, economists expect more businesses to relocate to Utah and observers say they look forward to more entrepreneurs acting to form businesses here in 2014.