Everything you need to know about National Small Business Week

Local News

SALT LAKE CITY, Utah(News4Utah) National Small Business Week is next week, April 29- May 5. Roberta Reichgelt, Local Business and Entrepreneurship Manager with the Department of Economic Development, joined Emily Clark, to talk about the importance of the week in recognizing small businesses. 

Every year since 1963, the President of the United States has issued a proclamation announcing
National Small Business Week, which recognizes the critical contributions of America’s
entrepreneurs and small business owners. More than half of Americans either own or work for a small business, and they create about 2 out of every 3 new jobs in the U.S. each year.

As part of National Small Business Week, the U.S. Small Business Administration takes the
opportunity to highlight the impact of outstanding entrepreneurs, small business owners, and
others from all 50 states and U.S. territories. Every day, they’re working to grow small businesses, create 21st century jobs, drive innovation, and increase America’s global competitiveness.

Reichgelt says the great thing about Salt Lake City is the number of local, neighborhood business districts. This makes our city very unique. Each neighborhood business district has small, and often times local, businesses that are helping to fuel our local economy.

If you own a business in the city, there is the Economic Development Loan Fund (EDLF), Neighborhood Façade Grant, and Redevelopment Agency (RDA) loan programs that can help. These resources are often times more attractive and flexible financial options for small local
businesses. A business owner can get anywhere from $25,000 to $350,000 depending on the program, and in some cases, through the RDA, these loans may be forgivable if it meets the right criteria.

SLC also has great partnerships with SCORE, SLCC, Suazo Center, Women’s Business Center,
Lassonde Center at the U, USTAR, and the Chamber.

There is a virtual conference online hosted by the SBA to help business owners. It’s a series of free webinars May 1-3. There’s also a kick off for small business at the World Trade Center Utah

For more information, visit SBA.gov, or SLCGov.com/Economic-Development.

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