From Deseret News archives:
Utah summit boosting business
Huntsman hears from executives around state
More than 100 people attended the governor's first economic summit, which Huntsman described as "a listening and learning opportunity."
What he heard was a divergent set of comments everything from funding for start-up companies to improving recreational opportunities for the state's blue-collar workers.
While no one suggested major changes to the administration's focus areas tax reform, business facilitation, industry cluster development, education and work force development, capital and advisory services, business and technology parks and image-building several topics were dissected during the hourlong comment session.
Among the most-discussed was access to money for start-up companies.
Josh James, co-founder and chief executive officer of Omniture, said many of his company's competitors were able to secure millions of dollars "whereas we'd put together rounds of $150,000s or $400,000s or $50,000s."
But iboats.com's president and CEO, Bruno Vassel III, suggested that venture capital firms sometimes have "a different agenda" than people trying to grow a business.
"I think if we really want to build businesses here and have small businesses that can get big, we need to focus on how can we do this in a way that's not just lining the pockets of VC firms, where they have an agenda to do that," he said. "But let's put together something that helps those of us who are trying to build businesses."
Brent Brown of the Brent Brown Automotive Group said a tax deal with the city of Provo allowed his business to grow.
"The point I want to bring up is it doesn't always just have to be venture capital and going to the bank and so on," Brown said. "I would hope that the state would look at the city of Provo model and say there are ways to invest and get a return on investment. If you ask the city of Provo people, they're going to tell you that the sales tax that we're generating for them right now is an enormous return on investment. It got us started. It allowed us to grow."
Comments
- Utes focus on game, not 'GameDay' 3:58 p.m.
- Utah, waste incinerator settlement 3:58 p.m.
- Duchesne developers charged 3:16 p.m.
- Hall closing in on victory milestone 3:15 p.m.
- Pentagon defusing roadside bombs 3:11 p.m.
- Palin confirms tension with aides 3:08 p.m.
- Stock market dragged lower 3:07 p.m.
- 'Pirate Radio' fun rock 'n' roll movie 3:02 p.m.
- Cast second fiddle to '2012' effects 3:02 p.m.
- 'Men' goofily targets big business 3:02 p.m.
- House passes health care bill
315 - SLC council OKs gay rights policies
306 - TCU showdown has big implications
195 - Senators want food tax restored
158 - Cougars crush hapless Cowboys
155 - Utah Jazz fall apart against Kings
131 - Will state consider gay rights law?
128 - TCU 4th in AP poll; U. 16th, Y. 22nd
119 - Letters: Strange breed in Utah
116 - S.L. vote pending on gay protections
110
Maybe someone out there can help me understand how raising the state...
. . . in the world that describe, define, and confine themselves and their...
time to fold the tent...dump(trade) who we can at the deadline for some youth...
Oh yeah, let's leave kids to find out about sex on their own, with each...
Oh yeah, that is horrible news about the Anderson kid, wow. Hard on a...
The population of the LDS church will start dropping as soon as the...
dnews has pg at 60% completions and blows away anyone with yards per...
just play the darn game and quit being a crybaby!
Actually... said: "...a LDS business owner that caters to propective...
May God bless Aaron's family and friends at this time of great loss. My...
Knock, knock... Whose there? A couple of gay guys wanting to get...


You can be the first to comment on this story.