The executive officers of Terabit Computer Engineering Inc., Sandy, have been selected to receive the 1991 Utah Small Business Person of the Year Award, according to Stan Nakano, Utah director of the Small Business Administration.

Allen H. Turner, chief executive officer; Lorin R. Rice, president; and Jacob Helland, vice president, will be honored May 30 during the Governor's Conference on Economic Development in Little America. They also have been invited to Washington, D.C., for special ceremonies saluting the nation's 20 million small businesses."Terabit is a shining example of one of Utah's finest small businesses. They have combined the talents of many people and focused on a continuously growing market by providing reasonable solutions to companies involved in the avionics simulation industry," said Nakano.

Also scheduled to be honored is G. James Hutchins of Goldfield Engineering and Machine Works, who not only was named Utah's small business exporter of the year, but took honors in this category in a regional contest that included Utah, Wyoming, Colorado, North Dakota, South Dakota and Montana.

Hutchins, who purchased Goldfield in October 1988 to manufacture alluvial gold and diamond recovery equipment, entered the international market and within two years doubled his sales, most of which were because of foreign markets.

Beirne and Gregg Chisolm, owners of CHISCO, have been named Utah's young entrepreneurs of the year. They created a watchband to keep people from losing their watches while recreating and since have expanded their product line to other recreation-related items.

Also scheduled to be honored will be Michael Taggett, president of Chums Ltd., Hurricane, who will receive the SBA Advisory Council Award for innovativeness and high growth. Chums started out manufacturing cloth eyeglass holders and since has entered the outdoor clothing market.