Show MaNbialIMEIFEIEbegibillAUNaloTsle3altifidatircbANIC t G8 The Salt Like Tribune Sunday July 21 I 9? 1 I Oflit's Small Businesses Enjoy a Big Utahls commu- nity continued its strong per-formance in 1990 arid most of its members are looking forward to 1991 providing them with at least modest increases in sales and earnings Like the states economy in s general Utah's community rranaged to escape much of the effects of the nation- al recession That's no wonder when one re- allies that the business base of the Utah 's economy is dominated by companies that fit the federal sreintl-busine- governments definition of a small business A small bosiness is one with fewer than 50C) work- ers performance of the Utah economy is a pretty good gauge of the health of the states small- business community" said Stan Nakano district director for the Small Business Administration in Utah -- Small businesses are the driving force behind our small-busines- -- economy locally And they are the driving force behind the ria- tonal economy as well" According to figures provided by the SEA some 90 percent of all Utah businesses fall within category the And those companies employ 439 percent of all Utah workers Mr Nakitno said in 1990 the Salt rake District Office of the SEA approved and guaranteed loans written 329 by locally approved lenders an sniall-business- s a Bigger 'lit 9(4 Hope for Arid for the Erst sever months of 1'91 that strong increafe in increase of 20 percent over the 273 loans approsed in 1 '39 But more importantly those 329 loans approved by the SEA last year provided $F329 million in needed capital to utays small- business community compared with just t47 MillkIll in 1969 - W eve been seeing a lot of growth and certainly a lot of vi-tomtality in our munity here in Utah" Mr Nasomething kano said that 1 expect to continue" small-busine- I business borrowing activity was still stearriroinrig"' ahead For the first seven months of fiscal year 1991 we're experiericing a 12 percent to 15 percent growth both in terms of dollar volume and the number of loans" Mr Nakano said Despite the national recession Utah experienced an inatase in business start-up- s — &even Oberteck cm ss -- P r 1 I I a r - gr- MA - MEAL ES EIKE CVALLENGE I SEPTEMEEP 21 & 22 1 114 1!) i tern Vol27-1 SOr cc)J-Ili- Lae es City lc MH-- C!-- ys0" 7 o re $cer4 tixTxxx Inv)J7 trim o' s taut (5 MEMBER) Sat nde— CAPEC Sin morn $130 segsticron 10) PLUS -- - BREAAMST ENEFeGY $750 minimum sficuted sponsors Pee Chahen9e Pee pccket T:Shet UG'' FOR MORE INFORMATION CALL THE AMERCAN DiMATES ASSOCIATION IN SALT LAKE CALL Ii c Oaees lo vewei)7 trytoed a NO DIARGE) free use ot Ptospecior Sa-so- 'e Atnettc Cluo loclitues PLUS - o-- Overbard occorrenciaotons at kosAec-to- t 04014 $150 minimum secutexl sPonsots AIMMEIMEI ne Sf-i- RIDE REWAkDS: S20 megisilation (be(ore Sept 10) tbeiore sept 'ikA-- t 1991 THE RIDE REQUIREMENTS: iINVVIDLAL TEAM I L'C'e'fr:7' Dote!e5 Jor TrIE Businessman Optimistic on Retail Sales N413i7elto 111 OUTSIDE SALT LAKE CALL ° - i 46448-173- 4 OilIMMEilLNI I Although retail sales were soft in Utah during 1990 a turnaround seems to be in sight as consumer confidence is improving according to the president of the Utah Council of Retailers and Wholesalers Jim Olsen predicted that the turnaround will be slighs -I think it will take a while to return to normal retail conditions whatever they might be" said Mr Olsen whose full-tim- e job is president of the Utah Retail Grocers Association a trade association for grocery stores However Salt Lake City's downtown area between South Temple and 600 South and 200 West and 300 East showed little signs of retail distress in 1990 said Bret Cunningham outgoing president of the Downtown Retail Merchants Association -We had reports of sales being as much as 16 percent above 19891evels" said Mr Cunningham who works for Dahies Big and Tall Among the problems he said downtown retailers included traffic snarls from a lot of faced in building and road construction and juveniles loitering around Crossroads Plaza driving away some cus- tomers But retailing downtown seems to have slowed this responded to the uncerspring as customer spending -tainty of the Gulf War and talk of a recession" said Mr Cunningham Sales grrowth seems to be only in the upper single digits over the same time last year he added Parking downtown is improving said Mr Cunning ham Block 57 is partially open to parking and the international parking sign now marks almost all lots centered at 200 South and Within a Main there are more than 400 places to shop 50 places to eat 2500 hotel or motel rooms and 15000 places to park said Mr Cunnitghani — --roe Rolando k ' TECHNOLOGY FUSION t 01191171 w4b litilt21e7M7iraa931PAPH Converting Technology Into Dollars! 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