
From the Director
Current Legislative Action that May Affect Your Business
Hello Again,
We are in the midst of our Utah’s legislative session. While
yesterday’s
presidential primaries are all over the news, it is
truly the actions of our local legislature that will affect us
first as business owners and professionals.
This week we’re taking a mid-session glance at the key issues
concerning business in Utah. Today, there are more than 50 bills
in the House and Senate covering a broad spectrum of business
issues. Here are just a few general bills you might want to
learn about.
- HB0053/HB0053S01--Impact of Administrative Rules on Small
Business
- HB0060--Legislative Review of Health Insurance Mandates
- HB0064--Disclosure of Information by the Department of Workforce
Services
- HB0099--Business Registration – Optional Inclusion of Ownership
Data
- HB0114--Minimum Wage Provisions
- SB0079--Small Business Access Amendments
- SB0131--Wage Withholding for Employee Contributions
For more information go to the Legislature
Web site,
where you can track any of these bills using
the “Quick Bill Search” feature.
Read on and gain a bit more insight on these issues and more.

Zions Bank Vice President
Horse Trading
Tea Leaf Report from Economist Jeff Thredgold
Utah economist Jeff Thredgold’s latest Tea Leaf economic
update breaks down the economic stimulus plan being put forth in Congress: "The
proposed plan calls for roughly $150 billion (that’s $150,000,000,000) in
economic stimulus, driven by the idea that the government needs to do what it
can to minimize the chance of, or lessen the severity of, a possible recession."
Read more
here.
Tip of the Week
SCORE's 60-Second Guide: Employee Recruiting
A small business owner was looking for a few good employees
for his alarm company. In the past, he advertised in the classifieds. Then, it
dawned on him that the kind of employee he wanted probably wasn’t sitting at
home reading the “help wanted” ads. His best workers had always come to him with
personal recommendations. That’s when the first brainstorm hit. He chose a
select group of customers and sent them a letter asking their help with his
recruitment drive. He got his referrals and the unexpected benefit of
engendering goodwill with his customers, who were flattered to learn he thought
so highly of their opinion.
Read
more here...
Speaking on Business
Fred Ball's latest business reports:
High Point Coffee 2/8
Rocky Mountain Collision Repair 2/7
Closed Sunday 2/6
Monet Medical 2/5
Bedrock Quartz Surfaces 2/4
Riverside Thai Express 2/1
Small Biz Partners & Resources
-
SCORE -- Provides counseling to small businesses
-
Ogden SCORE - E-mail
ogdenscore158@aol.com
-
Salt Lake SCORE - Chapter 0049
310 South Main St., N. Mezzanine, Salt Lake City.
Phone: (801) 746-2269; Fax: (801) 746-2273;
e-mail:
mallen@slcscore.com
-
Wayne Brown Institute -- Runs the oldest and
most successful non-profit venture accelerator
program in the country, helping technical
entrepreneurs from every social economic level
raise money for their businesses.
-
Small Business Development Centers
-- Provides counseling and training to small
businesses.
-
Small Business
Administration
-- Provides information about small business
(Click
here for
Utah SBA)
-
Utah Micro
Enterprise Loan Fund
-- Provides counseling and funding for small
business
-
The
Pete Suazo Business Center -- Provides
counseling and training for Hispanic/Latino
business
-
Utah Business.gov
-- Provides online access to Utah Government
services; one stop shop business registrations
-
Export.gov -- Provides information on how
to export your product.
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Feature
Busy Legislature Considers Bills that May Impact Your Business
Week three of the six-and-a-half week legislative session is
underway and business and industry leaders are warily watching
the outcome of key legislation.
And there is plenty to watch! According
to Jerry Howe, Office of Legislative Research and General
Counsel, writing in the Hinckley Institute of Politics
February Update, “this legislature has more bill files opened
(1,029), more bills numbered (434), and more bills assigned to
committee (409), than it has had in any session in recent
memory, and perhaps even in the history of the state.”
If you are interested in helping to shape the legislative
agenda, see the right-hand column of this newsletter for
information about the NFIB’s Small-Business Day at the
Capitol.
We are not, of course, trying to sway your opinion regarding
these bills, but do hope you will
take an interest in the legislative process and stay informed
regarding the issues that are important to you.
A few of the bills being considered by the legislature may
increase the burden placed upon businesses, especially in
regard to immigration laws, and thus could have an impact on
worker availability and worker transportation, to name a few.
Regardless of what side of the aisle you’re on regarding
immigration reform, you should be interested in House Bills
239 and 257, and Senate Bill 81.
HB239, sponsored by Rep. Glen Donnelson, would repeal the use of a temporary identification
number (ITIN) issued by the Internal Revenue Service for
purposes of obtaining a Utah driving privilege card, thus
making it difficult for Utah’s migrant population to drive
legally. The implication for businesses is that migrant
employees without proof of legal immigration status could not
legally drive to work or drive on the job.
HB257, sponsored by Rep. Christopher Herrod, would make certain economic incentives and procurement
agreements conditional upon employer participation in a
federal employee eligibility verification program. The Salt Lake Chamber
of Commerce is said to oppose both HB239 and HB257.
SB81, sponsored by Senator Bill Hickman, is a huge
omnibus bill modeled after an Oklahoma law considered to be
one of the nation’s toughest crackdowns on illegal
immigration. SB81 would make it tougher for undocumented
immigrants to find jobs or receive public benefits. The bill
would also get Utah's law enforcement agencies involved in
enforcing immigration law. Furthermore, one measure of the bill
would make it “discriminatory for an employer to discharge a
U.S. citizen or legal permanent resident employee when an
undocumented immigrant is performing a similar job, and
creates a cause of action for an employee to sue.”
Regarding the Oklahoma law, the Deseret Morning News
reports that a new federal lawsuit was filed Friday by the
State Chamber of Oklahoma and other business organizations,
saying the Oklahoma law poses unreasonable burden on
employers, placing them at a disadvantage with employers in
other states.
Other important legislative activity to watch involves
transportation and healthcare reform. Led by United Way of
Salt Lake, the Salt Lake Chamber and other community leaders,
an impressive health-reform framework has been developed and
legislation is now being considered that would put all of the
difficult issues into a multi-year study by a legislative task
force. While HB133 only lays out the elements of healthcare
reform and creates a legislative task force to further study
the issue, one element that may make it into law this year
would allow people to buy their own health insurance with
pre-tax dollars. Another measure sets up an information system
to share medical information so consumers can make better
choices.
Transportation legislation is another key issue for businesses
to watch. The Salt Lake Chamber says Utahns will face a
transportation-funding gap by 2015 in excess of $6.8 billion.
The chamber is requesting that the legislature close this gap
by increasing existing revenues and tapping new sources of
revenue. In that regard, the chamber is urging the legislature
to approve a two-cent per gallon gas tax increase every year
for the next 15 years.
Another bill of interest, HB99, sponsored by Rep. Mark Wheatley, would require anyone
conducting business under an assumed name to file a
certificate with the Utah Division of Corporations and
Commercial Code that identifies the name under which the
business is conducted, the full name of the person(s) owning
or carrying on the business, and the location of the principal
place of business.
Two sister bills before the legislature, HB75 and HB76, both
sponsored by Rep. Craig Frank, (which would
be merged if passed) would create a 15-member state Government
Competition and Privatization Council to field
unfair-competition complaints leveled by private enterprises
against the state, and compile an inventory of state services
that the council believes could be provided by the private
sector. The governor would be required to select at least
three activities from the list every two years and determine
if they should be privatized. The targets: municipal golf
courses, recreation centers, swimming pools and ice-skating
rinks.
The related HB76 would create seven-member state and local
privatization commissions that would include at least four
business owners or officers.
Utah Consular Corp
Aids International Business
The latest issue of
Global Utah, World Trade Center Utah's newsletter, features a story
about the Utah Consular Corps, which rivals those in cities such as the District
of Columbia, New York City and Los Angeles in regard to foreign
representation, according to Bjorn Ablad, honorary Swedish
consul in Salt Lake and first vice president of the Utah Consular Corps. The
newsletter also reports that the Governor's Office of Economic Development hopes
to use the Sundance Film Festival as a vehicle to attract not only more
filmmakers, but more international businesses to the state.
Zions Bank Business Resource Center Announces Sunrise Seminar
When: Thursday, February 28, from 8:00 – 9:30 a.m.
Presenter: Randi Ruff, University of Utah Purchasing Department
Topic: Small Businesses and Contracts with Large Companies and Government
Entities
Where: Zions Business Resource Center, 310 South Main Street – Mezzanine South,
Salt Lake City
To R.S.V.P. for this FREE seminar, call 594-8245 by Wednesday, February 27.
Refreshments served. Parking validation available.
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NFIB/Utah Small-Business Day at the Capitol Set for Feb. 11
The Utah
chapter of the National Federation of Independent Business will hold its
third annual Small-Business Day at the Capitol on Feb. 11.
Small-business owners from across the state will gather to discuss and refine
their legislative agenda for the current session. It will be from 9 a.m. to 2
p.m. at the State Office Building Auditorium.
Capitol Complex, Salt Lake City (Plan time to park and walk! Some of the
surrounding streets allow parking, but watch out for residential permit areas.)
Jason Perry, executive director of the governor's Office of Economic
Development, will address the gathering at 9:30 a.m. The event is open to all
small-business owners and costs $15 in advance or $25 at the door.
Download the
registration form here.
ACG Utah Growth Conference and Capital Connection
Utah's premier conference on mergers and acquisitions and
private equity will be held Tuesday, Feb. 12 at Salt Lake City's Grand America Hotel.
Zions Bank is the title sponsor of the event, which was organized by the
Utah chapter of the
Association for Corporate Growth (ACG), an international organization with more
than 11,000 members in 54 chapters.
George Flint III, president of ACG Utah, says 40 Private Equity Groups, with
over $20 billion under management, have registered as exhibitors for this event
and will be traveling to Utah to attend the conference in search of
opportunities to acquire and invest in Utah businesses.
“This conference has become the 'can't miss' event in Utah for those involved in
corporate growth. The private equity groups attending are looking to invest in
established middle-market Utah businesses grossing $10 million to $500 million
and to meet the professionals and service providers that work with these
businesses,” says Flint.
The conference kicks off at 7:30 a.m. with breakfast and opening remarks by
Jason Perry, executive director of the Governor's Office of Economic
Development, followed by a keynote address by Joel Peterson, co-founder of
Peterson Partners. After morning breakout sessions a luncheon keynote address
will be given by Robert B. Reich, the 22nd Secretary of Labor of the United
States and one of the nation's leading thinkers about business and the economy.
During the afternoon's Capital Connection, attendees will be able to
meet and mingle with the principals of 40 Utah-focused Private Equity Groups and
Mezzanine lenders representing billions of dollars of buy-out and growth
capital.
As a special benefit, he says conference registrants are also invited to attend
a Dealmakers Ski Day, to be held February 11 at Park City Mountain Resort, from
8:30 am to 3:00 pm. Early conference registration has been extended to February
5.
Register online. Click here to download the
conference brochure (pdf).
Business Headlines
Morning News
-
Uranium Industry in S. Utah is Booming Again
SL Tribune
-
Utah County
reaches outward
- Delta Air
Lines: Utah braces for possible merger
Standard Examiner
-
Alaska
Company Moves ahead on East Gate
Utah Business Magazine
-
Business Slowing, but Still Booming in Utah
-
2008 Outdoor Retailer Winter Market has Strong Finish
-
Questar E&P Acquires Additional Northwest Louisiana Natural Gas Properties
-
Utah Remains Stable in Subprime Storm, Experts Say
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