This week on the Utah Business Report

Friday, August 10th, 2012

In case you missed one or more of the Salt Lake Chamber’s Utah Business Reports on KSL News Radio, here is a recap of what we talked about this week.

We talked about the $15 million small business initiative launched by Goldman Sachs, the Governor’s Office of Economic Development (GOED) and Salt Lake Community College. It’s called 10,000 Small Businesses, and it aims to help such businesses nationwide in an effort to create jobs and boost local economies.

SLCC’s School of Professional and Economic Development will be in charge of the education and training part of the program. The program will kick off in January 2013, and applications are being accepted right now. For more information, visit slcc10ksb.com.

As part of the Chamber’s 125th anniversary, we want to share the rich history of the members that have made the Chamber so successful.

Founded in 1953 by Merrill and Lucille Christopherson in Salt Lake City, Christopherson Business Travel has been Utah’s business travel leader for more than 50 years.

Today, Christopherson operates three full-service locations in Utah, Colorado and California, employs more than 250 travel professionals and serves over 900 national clients.

A certified woman-owned Utah corporation, Christopherson currently ranks as the largest travel agency in Utah and the 14th largest in the nation. Named by the Salt Lake Chamber as Small Business of the Year in 1996, Christopherson won the Best of State award in 2010 and 2011, has been recognized as one of Utah’s fastest growing companies, and was listed on Travel Weekly’s 2011 Power List.

U.S. Bank is presenting a total of 46-thousand dollars in grants to ten nonprofit organizations in the Greater Salt Lake area. These organizations support arts and culture, economic opportunity and education in the community.

Economic opportunity grants support organizations that provide affordable housing, encourage self-sufficiency, and assist economic development. Educational grants are provided to innovative programs that help low-income and at-risk students succeed in school and prepare for post-secondary education.

The organizations that received grants include Chamber members Big Brothers Big Sisters of Utah and Junior Achievement of Utah Incorporated for education, and also The Road Home for economic opportunity.

Zions Bank business clients have a new option for managing their accounts on the go. Zions recently launched a free smartphone app called Business Mobile Banking.

The app enables clients to check account balances, monitor recent account activity, transfer funds between their Zions Bank accounts, pay bills, and review and cancel scheduled bill payments. The Business Mobile Banking app has the same security features as Zions Online Banking. No personal data or account information is stored in the phone.

Business Mobile Banking is available on Apple’s App Store and in Android’s Google Play. It is also accessible through a compatible phone’s web browser at ZionsBank.com.

The Utah Educational Savings Plan is one of only seven other 529 savings plans in the nation that received a dual 5-cap rating from SavingForCollege.com, an independent website informing families and financial advisers about 529 plans.

The 5-Cap Rating system awards five caps to programs that offer outstanding flexibility, attractive investments and economic benefits that provide a substantial boost to an account owner’s savings. 529 plans are given two ratings, for their treatment of in-state participants and on their treatment of out of state participants. UESP earned five caps in both categories.

UESP requires no minimum deposits or balances to open an account, so families can save a little or a lot, according to their own schedules. Earnings on UESP accounts grow tax deferred and are federal and Utah state income tax free when used for qualified higher education expenses at any eligible educational institution that participates in federal financial aid programs for students.

You can start your educational savings plan today at UESP.org.

For the full reports from this week and weeks past, visit KSL Radio online. Remember to tune in between 12:30 and 1 p.m. to KSL News Radio every week day on 102.7 FM or 1160 AM. If your business is doing something great, let us know and we may just feature it on the Utah Business Report.