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Show The Utah Enterprise Review , January 19, 1977 Page Few Hill Contracts Go to Utah Utah business presently receives 1 of the contracts awarded by Hill Air Force Base. According to Ralph Quarles, Small Business Specialist at Hill, the potential for the Utah economy is greater than what is being used. Total awards for small and large business within the state last year were $22.7 million. For the year, $350 million in contracts were let.This is down slightly from 1975, attributed to the phase down after the Vietnam war, when contracts totaled $370 million. Quarles explained the undeveloped potential is possibly a result of the relunctancy to bring new industry into the state. Some people prefer life the way the knew it and may not want new industry in the area, Quarles added. But another reason is the bureaucratic procedures that encumber the bid process on Air Force projects. Companies must perform their own qualification testing to prove the product meets required standards prior to consideration as a supplier. Sister depot centers, Quarles points Death and Taxes out, all show greater participation by their home states: Sacramento is at 14.2; Oklahoma, 6.4; San Antonio, 14; and Macon, Ga., 14.3. Some of the percentage. difference can be accounted for by the industrial nature of the particular state. Quarles believes many businesses in Utah are unaware of the methods to do business with the air base. In cooperation with Minority Economic Development Coalition of Utah, Department of Commerce, Small Business Administration and other government agencies, the base will be sponsoring the 1st Annual Business Opportunity Fair on Feb. 23 to explain business Other potential and how to realize it. workshops will be conducted by national companies such as Kennecott Copper and Geneva Steel Works; the Utah Bankers Association and the Small Business Administration to explain how to do business with Hill. Quarles indicated the base is hopeful the information will result in more dollars staying in Utah. SUPERVISION AND QUALITY EMPLOYEES MAKE THE DIFFERENCE! TRI-LEV- EL COMPLETE JANITORIAL SERVICE WINDOW CLEANING ONE TIME lib Child Care by Rex Keeler Manager, Executive Tax Services Children have long since lost their status as a symbol of wealth. The cost of rearing them has steadily increased without the children producing any measureable income for the parents, as in the past. 1976 is the first year in which many people will be able to claim a deduction for child care. Under the old law, if your income was over $18,000, the deduction was substantially reduced or eliminated. (Utah still follows this law and not the new law.) The new law, effective for 1976, does not have this income restriction. Child care expenses have taken a whole new shape. You are no longer required to itemize your deductions to take advantage of this deduction. The deduction has switched to a tax credit. This credit is equal to 20 of your total child care expenses, up to $2,000 for one child and $4,000 for two or more children. (Thats up to an $800 tax credit.) If you are married, both of you must be employed. The amount of expenses, for the child care, cannot exceed the earned income produced by the spouse with the least amount of earned income. If either you or your spouse were not employed during the year because of either disability or student status, you are still eligible to claim this credit. You still have the option of taking your children to a nursery or another persons home or you may have someone come into your house to care for them. If someone does come into your home, be sure to file the appropriate wage tax return. Also, if a relative cares for your child, consult a tax practitioner to determine if the payments qualify as child care expenses. If you are eligible for the child care credit and your income is less than $8,000, you are also eligible for the earned income credit. This credit is available even though you do not have to file a tax return. The credit is refundable and up to $400 is available. CLEAN-UP- S WALL WASHING CARPET CLEANING FLOOR STRIPPING RESTROOM SERVICE YARD CARE Office Proposed by Howard Clark D OFFICE BUILDINGS D D D D FACTORIES DEALERSHIPS STORES BANKS A Salt Lake City entre-pene- ur has submitted plans to construct an office building next to Arrow Press Square at 2nd South and West Temple. Howard Clark, managing partner of Gark Learning Designs for Business and Since 1958 3532 So. West Temple CHOICE SELECTIONS OF ORIGINAL OIL PAINTINGS FOR THE OFFICE OR HOME BROWSERS WELCOME 24x36 24x48 COMPLETE SUPPLIES FOR THE ARTIST: FRAMES EASELS $89.50 $99.50 FREE DECORATING SERVICE Vke Jlrt (gallery PAINTINGS and FRAMES ART SUPPLIES AT DISCOUNT (midtown) 227 So State, SLC Consult our experienced staff 363-49- 41 PRICES Arrow Press Square, submitted the plans to the Salt Lake City Redevelopment Board (the five city commissioners), along with two letters from lenders indicating interest in financing the project. He also sent a list of 12 prospective tenants of the proposed building. Clark has agreed to begin construction of the project by July 1, 1977. The property and proposed project has been a subject of concern to local businesspeople since West Temple Associates, a par-- , tnership between Clark, George Learning and Skaggs Drug Centers, Inc., failed to meet several deadlines after they purchased the project from the city for $250,000, in 1970. West Temple had proposed to build an office building for Skaggs and the partnership accepted a five-yedeadline for initiating construction. After several extensions of the contract deadline, the Redevelopment Agency relieved the partnership of its obligation, voiding the contract in April, 1976. ar Clark purchased Skaggs interest in the partnership last year, and has been developing the project himself. Ron Molen, architect, has designed the probuilding. posed four-stor- y |