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Show Page 8 The Ogden Valley news Volume XXIV Issue III December 1, 2016 Four Things to Do Today to Help Vets Among Many Discovering the “Advantages” Of Newly Renamed Small Business Loans Achieve Financial Success Veterans are among hundreds of entrepre- of the loan include a smooth and easy process. According to Vince Lombardi, legendary head coach of the Green Bay Packers, “The difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather a lack of will.” What does this have to do with financial planning? Everything—particularly given the challenging times we live in today. Building and maintaining wealth are usually the result of hard work, dedication and, most of all, planning. Here are four things you should do today to help achieve financial success: 1. Time is an ally, so begin now. Your best chance of accumulating wealth comes from developing an investment plan that starts early and involves regular investments. The longer you wait to start, the more you will need to invest each year to reach your goal. 2. Get your debt under control. Finding money to borrow is relatively easy. However, paying the loan back is not as easy. Whether it is a mortgage or a credit card, having a low and constant interest rate for the life of the loan will help you avoid potential problems that could eat up even more of your income. It will also help you budget savings for other pressing Photos of the Super Moon on Novmeber 14 above by Cariane Bowles, and Norman Hall right. priorities like retirement. 3. Have an estate plan. Everyone, regardless of age or wealth, should have an estate plan. Estate planning can provide a means of transition and continuity when passing on your assets after your death. Estate planning also addresses current issues such as living wills, health care directives and durable powers of attorney. 4. Diversify, diversify, diversify. Different types of investment assets and investment styles rarely move in unison. When one investment class is up, another is frequently down. The ultra-wealthy know from experience that fortunes can be made in highly concentrated investments, but they also know the litany of fortunes that have been lost that way. With strong will and a well-thought-out action plan, you can achieve financial success. Note: This article was provided by Robert W. Baird & Co. for Tim Ludlum. Tim is a Liberty resident and financial advisor at the SLC office of Robert W. Baird & Co., member SIPC. He has two years of financial services industry experience, and can be reached at 801869-3875 or tludlum@rwbaird.com. Robert W. Baird & Co. does not provide legal services. Diversification does not assure a profit or protect against loss. neurs in Utah who are discovering perks associated with the U.S. Small Business Administration (SBA) Advantage Loan Program, which was previously known as 7(a). The SBA announced the name change Nov. 1, 2016 to better reflect the loan’s purpose for borrowers. Zions Bank approved the largest number of Advantage Loans in the SBA’s Utah District, representing 20 percent of the 1,108 total loans approved during the fiscal year that ended Sept. 30, 2016. The bank approved 227 loans totaling more than $54.9 million. For the past 23 consecutive years, Zions Bank has ranked as the top provider of small business loans in the state. Zions Bank also continues to be a leader in marketing SBA loans to women, minorities, and veteran-owned businesses, which accounted for 48 percent of the loans approved by Zions Bank during fiscal year 2016. The average SBA loan amount approved by Zions in Utah was $242,000. Data show Zions-approved SBA loans helped create more than 614 new jobs in the state. As a former Navy and Air Force Reserve fighter pilot and recipient of the Purple Heart, Maj. Christopher Cross melded his high-tech background with his decades-long pursuit of agave spirits production to create one of Utah’s greenest and eco-friendly distilleries. His venture into the craft distilling industry is a project many years in the making. With the help of Zions Bank’s veteran SBA loan, Chris and co-owner Ashley Cross of Ogden Valley have worked with Peterson Builders Inc. to erect a purpose-built, 4,300-square-foot destination distillery. Representatives from Zions Bank state, “The economic impact of the distillery in the small community of Eden promises to be substantial.” “One of the best aspects of the Zions loan is the person-to-person connection the borrower has with the lender,” says Cross. “Advantages While we are just starting up, we eventually want to see our product export out of the state and eventually the country. Zions Bank’s SBA loan has made this a possibility,” he added. “We honor veterans like Major Cross, who take the skills they learn through their service and apply them to their new business enterprises, and in doing so, help grow the local economy,” said Zions Bank President and CEO Scott Anderson. “Zions Bank is proud that the SBA loans we made in 2016 are helping businesses like New World Distillery create jobs that provide a foundation for economic growth and are essential to the long-term health of our communities.” About the SBA Advantage Loan Program - The SBA’s Advantage Loan Program offers up to 25-year, fully amortized loans that may be used for most business purposes, including the purchase of real estate for business operations, acquisition of equipment, and working capital. About Zions Bank - Zions Bank, a division of ZB, N.A., is Utah’s oldest financial institution and is the only local bank with a statewide distribution of financial centers, operating 99 full-service centers. Additional information is available at <www.zionsbank.com> BUDGET PLAN cont. from page 1 • Several significant capital projects are either ongoing or imminent, including: o $22 million for construction of Library facilities o $2.5 million for storm water infrastructure improvements o $13 million for various transportation projects, which are funded with transportation sales tax and federal grant funds o $9 million to address the parking structure needs at the Weber Center. The letter concludes, noting that the budget must be adopted before December 31, 2016. Open Houses Hosted by County - Weber County also hosted a series of Economic Innovation Public Open Houses. One of these open houses was held November 3 at the Ogden Valley Branch library in Huntsville as part of, according to county representatives, a visioning and planning process “to help define the direction of economic growth desired for the area” as Weber County transitions to a “County of the Future.” The purpose of the open house was to gather feedback and comments, which county representatives state are to be “incorporated into an overall Social and Economic Innovation Initiative.” According to Weber County Public Affairs Director Holin Wilbanks, at the open house Weber County commissioners “offered a brief summary of what we have done so far to get to this point, then then opened it up to the room to contribute ideas on what industries they believed Weber County should be attracting. In general, [the following] is what the emphasis [was] for each location [an open house was held]: Downtown Ogden: Startup and small business, improving workforce/education Spanish Speaking: Inclusion and embracing the diversity of our area West of Ogden: Agriculture and business opportunities for vacant land out west Ogden Valley: Open space and recreation” EDEN K9 cont. from page 1 face of Munra Point, K9 Gunny began indicating that he had the scent of human remains. He led Jennings and their local guide, Lydia McGranahan, 400 vertical feet upslope to the base of a 1,000-foot cliff. Near the base of the cliff, Gunny indicated that human remains were nearby, but, with the winds swirling, he was unable to pinpoint Annie’s exact location. The next morning the team of Liz Hall with K9 Reu, again guided by Ms. McGranahan, went to the point where Gunny had alerted the team that he had picked up a scent. With better wind conditions, Reu quickly found Annie. This search is a perfect example of what well-trained and properly employed K9 search DeLong’s K9 Taylor. teams can accomplish. DeLong and Jennings state they are grateful that they had this opportunity to bring some small measure of comfort to the Schmidt family. Great Basin K9 SAR is an all-volunteer, non-profit organization with members from the Ogden Valley, Ogden, Salt Lake City, and Park City areas. Great Basin supports public safety agencies throughout the Intermountain West and does not charge for it search and rescue services. For the last three years, Great Basin K9 SAR has received generous support from the residents of Ogden Valley through the efforts of the Community Foundation of Ogden Valley (CFOV), which, they say, they are much appreciative of. |