The U.S. Small Business Administration Utah District Office has released its Fiscal Year 2019 Annual Report.
During FY2019, the UTDO assisted numerous small businesses by providing financial assistance, counseling, and contracting programs while contributing over one billion dollars to Utah’s economy.
“The strong alliances we forged together, and the programs we established last year expanded the UTDO’s capacity to provide critical support to small businesses during the economic and health crisis we are facing today,” said SBA Utah District Director Marla Trollan.
“Our partnerships and collaboration have propelled Utah to a number one ranking in the nation in emergency business loans awarded as a percent of eligible payroll this year. These resources in the hands of small businesses will help sustain us through this crisis and launch Utah into recovery.” she said.
FY 2019 Annual Report:
Over the course of last year and throughout Utah, the UTDO empowered the state’s small businesses in the following ways:
- Opened a Utah Global Trade Center in collaboration with partners.
- Conducted countless rural roadshows, round tables, listening sessions, workshops, bootcamps, and more in a majority of our numerous rural communities.
- Opened a new Women’s Business Center in Cedar City, which increased vital services to the southern portion of the state.
- Supported the increase of the SBA STEP Grant Program in Utah by $200K, to be administered by the World Trade Center.
- Facilitated the acquisition by Utah 8(a) Program firms of a $250M contract with the Army Corp of Engineers.
- Served as a pilot office to initiate a MOU with the U.S. Postal Service.
- Executed SBA Utah’s first-ever Strategic Alliance Memorandum Agreements with numerous partners, including:
- Utah World Trade Center
- Hispanic Chamber of Commerce
- St. George Chamber of Commerce
- Warrior Rising
- Hosted the SBA Acting Administrator during National Small Business Week Celebrations.