Event Recap: Independent Business Forum on COVID-19 – Economic Outlook Edition – Thursday, Feb. 25, 2021


Utah small businesses have spent much of the past ten months scrambling to adapt to extraordinary circumstances. While the fight against the COVID-19 pandemic is not yet won, with a vaccine becoming more widely available, we’re setting our hopes for a good year of economic recovery for Utah. 2021 will be the year of transition. As business owners, what should we expect and plan for?

At UIBC’s February 25, 2021 event we heard economic insights from Natalie Gochnour, Associate Dean David Eccles School of Business & Chief Economist for the Salt Lake City Chamber of Commerce.  We also heard from  Brad Baldwin, President & CEO of First Utah Bank, who presented information and fielded questions about the availability of funding through SBA and other institutions.

Speakers

Natalie GochnourNatalie Gochnour, Associate Dean David Eccles School of Business

Natalie Gochnour serves as an associate dean in the David Eccles School of Business and director of the Kem C. Gardner Policy Institute at the University of Utah. She also serves as the chief economist for the Salt Lake Chamber. In these roles she helps connect the Eccles School with the broader business community and shares applied economic and business research.

Gochnour’s experience includes a diverse mix of public service and business experience. From 2006 to 2013 she guided the public policy work of the Salt Lake Chamber, Utah’s largest business association, representing 7,700 member businesses. She helped create and lead the Downtown Rising movement, helped pass a ballot initiative to secure funds for the expansion of Utah’s TRAX light rail and FrontRunner commuter rail service, and assisted with the drafting and promotion of The Utah Compact.

During Gochnour’s state service she advised Utah governors Bangerter, Leavitt and Walker, and served as the media spokesperson for the governor’s office during the 2002 Olympic Winter Games. She also served as a political appointee in the George W. Bush administration, serving as an associate administrator at the U.S. Environmental Protection Agency and a deputy to the secretary at the U.S. Department of Health and Human Services.

In 2012, Gochnour was the recipient of the Outstanding Achievement Award for business from the YWCA Salt Lake City. She has also been honored by Wasatch Women magazine as the “Wasatch Women of the Year,” an honor bestowed to women in the community who elevate the stature of women and serve the community good.

Gochnour serves on the Utah Department of Transportation Commission, Utah Olympic Legacy Foundation, Dominion Energy (Western), World Trade Center Utah, O.C. Tanner, and Primary Children’s Hospital Boards. She is vice-chair of Envision Utah, one of the nation’s most successful quality growth partnerships.

Gochnour is a sought after public speaker with the unique ability to translate policy-speak into everyday language. A native Utahn, her professional focus and passion are public policies that promote balance, civility and prosperity. She shares her views in regular columns in both Utah Business magazine and the Deseret News. She is also a co-host of KCPW’s (Salt Lake City’s public radio station) award-winning program, Both Sides of the Aisle, where she represents the political middle.

Gochnour has both an undergraduate and master’s degree in economics from the University of Utah. She teaches Public Finance for the Economics Department and serves on the Dean’s Team in the David Eccles School of Business.

When she is not working, you can find her cycling along the Jordan River Parkway, spending time with her two children and son-in-law, or up on the slopes skiing with her husband of 34 years.

Brad BaldwinBrad Baldwin, President and CEO at First Utah Bank

Brad Baldwin is President and CEO of First Utah Bank, a full service commercial bank (firstutahbank.com). First Utah Bank specializes in commercial loans and lines of credit, SBA and USDA lending, construction, equipment leasing, and treasury management services. Brad was previously President of Bank One, Utah, prior to its acquisition by JP Morgan Chase. Baldwin is an Utah licensed attorney with experience in banking, financial services and real estate and represented financial institutions, corporations, and real estate owners and developers. Baldwin serves on the Utah State Board of Financial Institutions and the Utah Bankers Association. He is a member of the Federal Reserve Bank of San Francisco Community Bank Advisory Council and a member of the Utah State Bar.

Baldwin has experience in Commercial Real Estate and was the agent in complex investment transactions. He represented a Utah real estate multiple listing service with 12,000 Realtor members. He has served as an expert witness in banking and real estate cases.

He has been on the board of numerous public, private, and civic organizations, including the Salt Lake Chamber of Commerce, Ballet West, Economic Development Corporation, The Boys and Girls Clubs of Salt Lake, Pioneer Theatre, the Salt Lake Country Club, and The First Tee of Utah.

Specialties: Banking, Law, Real Estate, Business Management and Corporate Governance. Experience in HR management, leadership, strategic planning, budgeting, compliance with laws, policies and procedures, and written and oral communications.

Finding Inspiration: Utah Small Business that Pivoted, Reinvented, & Persevered to Weather the Pandemic

Event Recap: “Finding Inspiration: Utah Small Business that Pivoted, Reinvented, & Persevered to Weather the Pandemic”

The past year was brutal for many Utah small businesses. While some small businesses sadly ceased to exist, many businesses made it through, and some have even thrived against all odds. How did they do it? What made the difference? What can we learn from these businesses to apply to our own businesses in 2021?

On January 21st, 2021, UIBC co-hosted the first Wasatch Business Series event of 2021. “Finding Inspiration: Utah Small Business that Pivoted, Reinvented, & Persevered to Weather the Pandemic ” featured local business owners that have saved and even grown their businesses by:

  • Pivoting to a new business model
  • Introducing a new product line/service
  • Partnering/joining forces with another business
  • Investing in new infrastructure/methods to deliver products and services
  • Perseverance and savvy maneuvering

Speakers included:

Lunch and a Shout-Out to Support Your Favorite Local, Neighborhood Restaurant

To help support locally-owned restaurants and cafes, we encouraged attendees to order lunch from a favorite local eating establishment to enjoy during the event. The following is a list of local restaurants that attendees sent a shout out to:

Sugar House Coffee
The Dodo
Diversion Eatery
Pat’s BBQ
Crowne Burger
Cucina in The Avenues
TeaZaanti
Tandoor Indian Restaurant
Peppercini’s American Eatery
Roots Café
Wasatch Brewery
Dragon Diner in Millcreek
Fav Bistro
La Barba Coffee & Breakfast Tacos (Austin style)
Yoko Ramen
SOMI in Sugar House

This Wasatch Business Series Event is hosted and presented by:

The Wasatch Business Series is a collaborative effort that is focused on bringing impactful networking and educational opportunities to business owners across the Wasatch Front.

UIBC’s Independent Business Forum on COVID-19 Thurs., June 18th @ 12 Noon

We want to sincerely thank Blake Thomas, Director of Regional Economic Development for Salt Lake County, and everyone who attended last week’s virtual forum on COVID-19. The topic was Salt Lake County’s Small Business Impact Grant for businesses affected by COVID-19.

You can view the video from June 18th here:

Until the next forum, we can continue this conversation throughout the week on our Facebook forum: https://www.facebook.com/groups/142558210460193/

Special thanks to Salt Lake County Economic Development for the sponsorship of UIBC’s educational events.

P.S. You can support our mission by joining UIBC. Click here for more information: https://utahindependentbusiness.org/join/

UIBC’s Independent Business Forum on COVID-19 Thurs., June 4th @ 12 Noon


We want to sincerely thank everyone who attended last week’s virtual forum on COVID-19.  As was mentioned on the call, we will now host this call bi-weekly, but would still like to continue this conversation throughout the week on our Facebook forum:

https://www.facebook.com/groups/142558210460193/

Special thanks to Salt Lake County Economic Development for the sponsorship of UIBC’s educational events.

The next virtual meeting will be on June 18th.

P.S. You can support our mission by joining UIBC. Click here for more information: https://utahindependentbusiness.org/join/

UIBC’s Independent Business Forum on COVID-19, Thurs., May 21, Wrap up

 

We want to sincerely thank Adam Affleck and everyone who attended last week’s virtual forum on COVID-19.  As was mentioned on the call, we will now host this call bi-weekly, with the next call scheduled for June 4th but would still like to continue this conversation throughout the week on our Facebook forum:

https://www.facebook.com/groups/142558210460193/

Adam Affleck, attorney at Richards Brandt Miller Nelson law firm discussed topics on:

  • Bankruptcy
  • Fiduciary duties

You can access the video from May 21st here:

 

Special thanks to Salt Lake County Economic Development for the sponsorship of UIBC’s educational events.

The next virtual meeting will be on June 4th.  Click here to register to join the meeting.

P.S. You can support our mission by joining UIBC. Click here for more information: https://utahindependentbusiness.org/join/

UIBC’s Independent Business Forum on COVID-19, Thurs., May 7th Wrap up

UIBC-COVID-19 Forum

 

We want to sincerely thank Brad Baldwin and everyone who attended this week’s virtual forum on COVID-19.  As was mentioned on the call, we will now host this call bi-weekly, with the next call scheduled for May 21st but would still like to continue this conversation throughout the week on our Facebook forum:

https://www.facebook.com/groups/142558210460193/

In summary, here are some highlights discussed on the call from our guest, Brad Baldwin, CEO/President of First Utah Bank.

  • First Utah Bank is a Utah State Chartered Bank, with a focus on small businesses.
  • Although the bank has been open for business during the pandemic, the bank lobbies have remained closed and most staff has been working remotely.
  • Loan details were discussed for the SBA loans, EIDL, and PPP.  Please view the video for further details.
  • Brad can be reached at bbaldwin@firstutahbank.com

You can access the video from May 7th here:

 

Special thanks to Salt Lake County Economic Development for the sponsorship of UIBC’s educational events.

The next virtual meeting will be on Thursday, May 21st.  Click here to register to join the meeting.

P.S. You can support our mission by joining UIBC. Click here for more information: https://utahindependentbusiness.org/join/

UIBC’s Independent Business Forum on COVID-19, Thurs., April 30th Wrap-up

UIBC-COVID-19 Forum

We want to sincerely thank U.S. Rep. Ben McAdams and everyone who attended this week’s virtual forum on COVID-19.  As was mentioned on the call, we will likely be hosting this meeting weekly going forward and would like to continue this conversation throughout the week on our Facebook forum:

https://www.facebook.com/groups/142558210460193/

In summary, here are some highlights U.S. Rep. McAdams shared:

  • Congress passed the 4th bill, an additional $400 Billion for economic support, which includes PPP loans and other small business resources.
  • His office has received many phone calls from small business owners who have been unable to access loans etc. In response, he has requested the SBA release the list of businesses who have received funds, transparency is vital to making sure distributions are fair.
  • Rep. McAdams reported that the Utah Department of Workforce Services has reported that 70% of those receiving unemployment benefits are job attached.
  • Rep. McAdams stressed that gaining the public’s confidence will be the key to a successful re-opening. The first baby step begins on May 1. He also stressed it is up to every business and individual to take responsibility to do their part. Practice good hygiene, wear a mask in public, sanitize often.
  • The Government is looking at several options to reduce the deficit moving forward, so far nothing has been decided concretely.
  • The SBA application portal is currently closed as they work through loans already in the queue, it is thought to be reopened soon, TBA.

You can watch the video from Thursday’s virtual meeting by click the image below:

Special thanks to Salt Lake County Economic Development for the sponsorship of UIBC’s educational events.

The next virtual meeting will be on Thursday, May 7th,  Click here to register to join the meeting.

P.S. You can support our mission by joining UIBC. Click here for more information: https://utahindependentbusiness.org/join/

“Unwind” for March 2020 has been canceled

In an effort to contain and reduce the spread of the COVID-19 (Coronavirus), we have postponed March’s “Unwind” event. For more information, please see our recent post here.

Join Us For “Essential Apps & Business Resources” Hosted by UIBC and the Utah LGBTQ+ Chamber


Register Now

Chief problem solver, lead marketing genius, financial whiz… Running a small business means wearing a lot of hats. But the right business apps can make your life much easier – and help make your business more profitable. The problem is, there are thousands of apps to consider. Which ones are best for small businesses like yours? For answers to that and other questions about free resources for small businesses that the Salt Lake City Public Library offers, join us for “Essential Apps & Business Resources” on Feb. 25th from noon to 1:30pm.

This Wasatch Business Series lunch event begins with a brief discussion on how to weed through the seas of business apps to find the right one for your needs in a variety of areas including:

• Accounting and finance
• Inventory management
• POS and payments
• Time tracking and team management
• Communication
• Customer relationship management
• Project management and organization

Next, Barbara Chavira with the Salt Lake City Library will guide us through the many valuable free resources that the library offers for small businesses. This includes the many resources for doing market research and classes for learning key business software.

Finally, we’ll take a brief tour of the library’s Creative Lab, which has a multitude of free resources to help you market your business.

Come enjoy a great lunch and learn how to get the best apps and resources to help your business grow in 2020!

Admission is $20/person and ticket must be purchased early as this event is limited to 60 attendees and tickets will sell out.

This event is hosted by the Utah Independent Business Coalition, the Utah LGBTQ+ Chamber, and The Salt Lake City Public Library.

Register Now

Date: Feb. 25, 2020

Time: 12:00pm-1:30pm

Location: Salt Lake City Main Library (4th floor conference space)

Order of Events:

11:45am – Check-in / Networking / Lunch is served
12:00pm – Opening remarks / Presentation begins – Tracey Dean & Doug Burton
12:10pm – “Essential Apps for Your Business” – Shala Dawn and Chris VanGarrett
12:30pm – Barbara Chavira on SLC Library’s Resources for Small Businesses
1:00pm – Tour of the Library’s Creative Lab
1:30pm – Closing remarks/Event ends

This is the second year of the Wasatch Business Series, a collaborative effort that is focused on bringing impactful networking and educational opportunities to business owners across the Wasatch Front.

The Wasatch Business Series is brought to you by the Utah Independent Business Coalition, Utah LGBTQ+ Chamber, Holladay Chamber of Commerce, Sugar House Chamber of Commerce, Millcreek Business Council, South Salt Lake City Chamber of Commerce, and the Murray Chamber of Commerce.

Register Now

 

 

Speakers

Shala Dawn and Chris VanGarrett of VanGarrett media.

Chris VanGarrett is the founder and Chief Creative Officer of VanGarrett Media, and an ambassador for the Utah LGBTQ+ Chamber of Commerce. He cut his teeth in sales working for small startups, and was eventually asked to join the global sales force at Lenovo. After almost a decade running incredibly successful sales and influence campaigns at Lenovo, he realized that he wanted to make more of a difference in his own community. Along with his spouse Shala, he started VanGarrett Media, a social media marketing and consulting firm, which specializes in teaching small businesses how to communicate authentically with their customers.

“Unwind” with UIBC after work on Thurs., Feb. 27th at 5:30PM

Unwind

Join us for “Unwind” this Thursday, February 27th! “Unwind” is a casual monthly meet-up, and an opportunity for local business owners to socialize and relax at the end of the workday. Unlike our educational events, Unwind is always free to attend and is open to anyone 21 and over. No need to register. Feel free to drop by for a drink and some good conversation with like-minded entrepreneurs and local, independent business owners.

Join us for “Unwind”, this Thursday, February 27th, from 5:30 to 7:30 pm at The Ruin (1215 Wilmington, SLC). We’d love to see you there.