Frequently Asked Questions
- Question: How can the BRC help my business?
- Answer: The BRC is a board of directors from different Economic Development Agencies. The BRC can help your business by getting you in front of the right agencies that can help your business move to the next level.
- Question: Where can I go to visit with the resource providers of the BRC?
- Answer You can visit the Board Organizations page.
- Question: How can I contact BRC resource providers?
- Answer You can call 801-863-8230 or email sbdc@uvu.edu.
- Question: Why are there Two BRC Boards?
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Answer The legislation creating the Business Resource Centers requires a State Board to be established by the Director of the Governor’s Office of Economic Development. This is often referred to as the “Big Board.” The “Big Board” is made up of representatives of Higher Education, business and rural and urban citizens. The Board’s responsibility is to make recommendations on where the centers are located and what funding the center will receive. The “Big Board” measures results of each center.
Each Business Resource Center approved and established by the “Big Board” is required to have its own board. This board is to meet regularly and is to establish the guidelines and goals of the Center. The UVU Business Resource Center Board is made up of twelve (12) currently established Economic Development Organizations funded either by the Federal, State or Local government. The UVU BRC Board is a working board in the Center’s operation. Board meetings are a collaboration of efforts of all Economic Development organizations to assist business in the Region.
- Question: How does UVU benefit from co-sponsoring the BRC?
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AnswerThe UVU partnership with the Business Resource Center (BRC) collaborates with the Institutional Strategic Directions of engaged learning, community engagement, University student experience and resource development.
The institution serves a key role in the Mountainland region for economic development by maintaining a vital link between business and higher education. UVU benefits from the relationship with BRC members through:
- The support of professional programs for teachers of who are involved in the direct delivery of education or business focused students, to ensure that such teachers and personnel stay current with all aspects of an industry
- Internship programs that provide relevant business experience
- Programs designed to train teachers specifically in the effective use and application of technology to improve instruction
- Development and implementation of innovative applications and solutions to address the immediate needs of business and industry
- Services and activities to the community that are of sufficient size, scope, and quality to be effective
- Opportunities to connect students to high skill, high wage, or high demand occupations that will lead to self-sufficiency
- Connections for appropriate leads to facilitate the sharing of resources to initiate strategies and innovation for change and development
- Question: What are the different locations of Incubators in Utah Valley?
- Answer
- Question: What is the criteria to get into an incubator?
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Answer
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CEDO's Technology Center Incubator
Office Space and mentoring from top level executive and professional individuals.
777 S State Street
Orem, Utah 84058
Contact Phone No. 801-226-1521
www.cedo.org -
Technology Center at Novell
Office Space at the Provo Novell Campus with an option to receive mentoring through Provo Tech X
Contact: Shauna Theobald at 801-318-2764
www.provotechx.com -
UVU Small Business Development Center Incubator
Office Space in Building L, Canyon Park Technology Center
1555 N Technology Way
Orem, Utah
Contact Phone No. 801-863-8230
www.uvu.edu/sbdc/incubators/index.html -
Canyon Park Technology Center Incubator Space
Office space available in Buildings A and B
1501 N Technology Way
Orem , UT 84097 Orem, Utah
Contact: Allen Finlinson at 801-764-0005
www.canyonparkutah.com
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CEDO's Technology Center Incubator
- Contact Dr. Peter Robinson for information at 801-863-8999
Entrepreneurship Institute at UVU
About UVU's Milestone Management Incubation
- Question: Where can I get funding?
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Answer
Loans:
Provo City (for locating in Provo) - Roger Andrus (randrus@provo.utah.gov)
MAG - Michelle Larsen, www.mountainland.org/businessloans
CEDO
Provo Economics
USDA
Utah Business Lending
Utah Micro Loan - Ken Fakler (faklerke@uvu.edu)
Grants:
USTAR - Technology Commercialization Grants - www.innovationutah.com/TCGrants.html
Utah Centers of Excellence - http://goed.utah.gov/programs/coe/
SMIR Program Grants - Mary Cardon
USTAR
Small Business Inovation Research Grant
STTR Grant
USDA - Stimulus Grant / Matching Grants
Angel Investors:
Utah Angels - Roger Andrus (randrus@provo.utah.gov)
Salt Lake Life Science Angels (Andrew Laver - alaver@wdco.com)
Park City Angels - Stan Kanarowski (stan.kanarowski@gmail.com)
Olympus Angels - http://olympusangelinvestors.angelgroups.net
Dixie Angels - www.dixieangels.com
Venture Capital:
Canopy Ventures - Ron Heinz, General Partner (rheinz@canopy.com)
EsNet - David Moon, General Partner (dave@esnetgroup.com)
Amp Ventures - Eric Magleby, General Partner (eric@ampcp.com
vSpring Venture Partners - Paul Ahlstrom, Managing Director (paul@vspring.com)
Epic Ventures - Todd Stevens, Managing Director www.epicvc.com
UV Partners - Jim Dreyfous, Managing Director (jim@uvpartners.com)
Sage Creek - Mark Bonham (mbonham@sagecreekpartners.com)
Grow Utah Ventures - Alan Hall www.growutahventures.com
Sorenson Ventures - Fraser Bullock (info@sorensoncap.com)
Peterson Partners - Larry Cook (info@petersonpartnership.com)
Peterson Ventures - Dan Peterson (info@petersonventures.com)
Island Park - Dave Norton
Mercado Partners - Greg Warnock (gregwarnock@mercadopartners.com)
Dolphin Capital - Mike Dutton (info@dolphincapitalgroup.com)
University of Utah Venture Funding - Tom Stringham (info@uventurefund.com)
Zions Venture Debt - Tom Lund (thomas.lund@zionsbank.com)
Inoventures
Wayne Brown Institute - Brad Bertoch (bbertoch@venturecapital.org)
Monarch Ventures - JD Gardner (jd@monarchbc.com)
- Question: Where can I get Incentive Funding?
- Answer Utah's Governor’s Office of Economic Development (GOED) provides financial incentives for business relocation and expansion to select companies that create new, high-paying jobs that help improve the standard of living, diversify the state economy, increase the tax base, attract and retain top-level management, and encourage graduates of in-state universities to remain in Utah. Incentives may be offered as either grants or tax credits. All state incentives are awarded on a post-performance basis so that companies must meet specific milestones, including generation of new state tax revenue, before incentives are disbursed. This assures a positive “return on investment” to the State of Utah and its citizens. Information regarding Utah's Corporate Incentives Program can be found at the following url: http://business.utah.gov/relocate/incentives/
- Question: Who can I contact to obtain educational training or to upgrade skills of my current or potential workforce?
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