| OCR Text |
Show Page26A THE HERALD, Provo, Utah, OUTLOOK '88, Sunday, February 28, 1988 New facelift for economic development By TOM WALTON While UVEDA (formerly known as the Utah Valley Industrial Development Association) has been working for more than 20 years, 1987 was a tumultuous year for the organization. Some member cities believed it had outlived its usefulness; particularly, Provo and Orem both withheld funding until the re- Herald Staff Writer The reorganization of Utah County's chief economic de- velopment agency last October has resulted in a more unified approach to attracting new business, according to the agency's chairman. Delance Squire, chairman of Utah Valley Economic De- w velopment Association's board of directors, claims local cities are now "working together as a team represented with a united front" in wooing new business to the area. organization process was complete. After almost a year of proposals and meetings, the facelift was finished in October. "This year will largely be an Delance Squire educational experience for all of the board members concerned," said Squire, a former Orem mayor and current director of that city's Outlook for women in nation 's workforce unlimited start to see some exciting things happen," Squire prom- ised. With this groundwork in place, Squire said focus will now shift to development of a business retention program to go along with UVEDA's marketing efforts. eco- nomic development agency. Still, he indicates the current "together" approach is already bearing fruit. "We've revised our budget, looked over our space in the new county building, scheduled meetings with city representatives and are readying As far as new clients coming into the area, Squire said visits by various company officials have "slowed" in the past six weeks. However, he reported UVEDA hosted a dozen companies in Novem- for our quarterly meeting with all members in March. Things are in order and nro ra ir,T,ng forward. You 11 The year ber and December last year. Managing money is as important as working for it says. "They think they can afford a payment on a car because they just got a raise, but, in fact, they have to earn about $180 in order to bring home By BRENT IIARKER Special to the Herald The rich don't necessarily enjoy their money more than the poor that is, if they don't live within their means. But both rich and poor can enjoy their money more if they follow a few guidelines, says a . ; ; ; $100-a-mon- th $100-a-mon- th $100." Taxes, insurance and other d fixed obligations eat a hole in the average paycheck. Poduska warns members of The Church of Jesus Christ of Latter-da- y Saints who commit 10 percent of their income to the church to pay close attention to this principle. The tithepayer who makes $30,000 a year can't have the same standard of living as the who makes the good-size- Brigham Young University faculty member. Bernard E. "Bud" Poduska, a of the family financial counseling program at BYU, says the first impor-- ; tant point in managing a per- sonal budget is to get a realis- -' tic view of how much of your money is available to spend. "People tend to think in terms of gross income," he er same amount. "When Mor mons try to live like their neighbors, that's when the credit cards come out," Poduska says. Credit can be dangerous for LDS people, he explains, because banks are not permitted by law to take into account religious obligations. Therefore, tithepayers can qualify for loans that are really beyond their ability to repay. Debt reduces your ability to enjoy your money, because it takes away your freedom, says Poduska. "If you have debt, you're like an indentured servant. You have to work a certain number of hours each day for someone else, not for Dynix continues to grow with expansion to Provo's East Bay Dynix, Inc., of Provo re- local residents and ploys has over 200 contracts with libraries across the U.S. and in several foreign countries. 88 opened a new 18,000 square foot facility in the East Bay Business Center. Founded in 1983 by Paul Sybrowsky, Dr. Keith Wilson, Jim Wilson and Ralph Egan, Dynix has now become the cently second-large- st The new corporate head- quarters will house office rooms, confer- space, training ence facilities and storage for all Dynix divisions. "We anticipate continued growth as we improve our Designed to develop, mar- service and products," he ket and support innovative computer software for libraries, Dynix works with public, academic, legal and said. "This new building in Provo's East Bay Business Center is a commitment to Dynix's future and to our and fastest growing library automation company in the U.S. Sybrowsky said Dynix em yourself and not for your fami full week's food budget. Thinking like that helps you allocate your money where you really want to spend it. ly." debt reduction is another important key to happiness. "If you can reduce what you So That's another important by $100 a month, you reduce what you have to earn by $180." In that way, debt reduction has a compounding beneficial effect. Poduska suggests thai; when you consider buying a consumer item, you think of it in terms of meaningful units rather than dollars. A set of owe "If your money is going to what you value, then you're satisfied. If it's going to what you don't value, then you often develop a sense of futility," says Poduska. A family might value music and get great satisfaction, for example, from going to the opera. But if they can't go $120, for example. That might mean 10 pairs of shoes for the children, or a full set of tires for the compact car. Two meals out might equate to a because their car payments are too high, they may want to adjust their priorities. They might enjoy going to the opera in a used Chevy. Lots of a paycheck goes to state, local taxes come. The average Utah household will pay $1,087 in Although Utah ranks 49th among U.S. states in per capita income, it is seventh in the percent of per capita income going to state and local taxes. According to a brochure called "How Utah Compares," published by the Utah Taxpayers Association, Utah personal per capita income is $10,984. Of that, 11.76 percent will go to state and local taxes. Utah ranks ninth nationally in state sales tax collections per household and in sales tax collections per $1,000 of in is fast state sales tax annually. That comes out to $32.36 per $1,000 Workforce labor force outlook as a whole and includes more specific forecasts by industry and occupational groups. For example, the fact sheet lists the 10 industries projected to generate the largest number of wage and salary jobs between 1988 and the year 2000. A similar chart lists specific occupations with the largest projected growth for the same time period. and "Women 2000" discusses the "Today's women represent an important part of tomorrow's work force," says Shirley M. Dennis, Director of the Women's Bureau. "And tomorrow will hold unlimited possibilities for those who take advantage of the opportunity to prepare now for their futures." of income. In individual income tax per household, Utah ranks 14th, at $878.49. The state is 13th in individual income tax collections per $1,000 at $26.16. The one category in which Utah ranked in the lower half of the states was in property tax collections. Utah was 33rd at $366.45 in per capita property tax collections. Single copies of "Women and Workforce 2000" are available free of charge from the Wom- en's Bureau, U.S. Department of Labor, Department R, 2000 Constitution Avenue, N.W., Washington, D.C. 20210. Please mailenclose a self-address- ing label to expedite handling. other specialty facilities. community." 28 of the Best The CPA as a Professional: eveff route smm top fi amcM Mp? Reasons to Choose Merrill Lynch. i s: When it comes to financial decisions " or tax planning, you really can't w Management Consultation, Tax Planning, Estate Planning and Auditing, as well as Accounting. It will pay you to v afford less than the best. And if you thought only top ex ecutives could afford a CPA's services, perhaps you should think again. CPAs serve companies of all sizes, as well as individuals at all income levels. And that service amounts to a lot more than accounting. Every CPA is remember: Whether in government service, education, business, or public practice, every CPA is held to standards and ethics that are among the most exacting of any profession more than an accountant. CPAs are unique in the professional level of services they can offer you in 669 Scull. mFsr Sli lk. Cu,Ut(. Kim Peterson Spanish Fork Blaylock Orem 798-354- & 5 Co. Ti 84111 & 226-212- 0 & Provo Stewart 377-530- 0 Hawkins, Borup, Cloward & Co. Orem t 224-190- 0 Co. & 225-690- 0 Dodge Evans Orem Gilbert v Squire Orem Co. 225-455- 6 Grant Thornton Provo li pkoM . ' , I ! I - hi li 35 E f "H !I 7 x s JAy J By now just about everybody knows that Merrill Lynch has a broad range of investment resources under one roof, as do some of our competitors. But, here in Provo, we have 28 great resources the competi- tion can't touch. Come meet our staff of highly trained professionals. Let us show you all of our resources and how they can work for you, including the services of our Merrill Lynch Financial Consultants. They're highly trained professionals who keep on top of all of our available products and services. extensive investment inford mation from our Securities Research team. Your Financial Consultant can work with you, to establish person-to-perso- n your investment objectives and help you meet your financial goals. If you'd like to find out for yourself how Merrill Lynch can help you meet your financial goals, stop by or call our office. top-ranke- one-on-one- Merrill Lynch P 2230 N. University Parkway Cottontree Square Building 7A 801-379-51- 373-365- 4 i And they have access to Provo ap- proaching, bringing with it new work force trends that will dramatically affect women. Now 44 percent of the work force, women will represent the majority of new entrants into the labor force and will comprise 47 percent of the work force in the year 2000. A new Women's Bureau fact sheet describes the major demographic changes expected and what they mean for women in the workplace of the future. key. stereo speakers might cost 2000 |
