Monday, March 21, 2016

Investment Fund has Benefits

Back in June 2006, the Southeast Utah Small Business Investment Fund was reviewed in order to determine the " its level of economic benefit to the rural communities of southeastern Utah, measure  the effects the program has had on participants’ use of public assistance, and look at the efficiency of program administration. The main goal of this group is to help lower income families, wanting to start a small business, the opportunity to do so by funding proceedings. As of now, it is only funding businesses in the rural southeast of Utah, but hopes to expand soon to other areas as well. 

This applies to my research because small businesses are vital to Utah's economy. In supporting those who are willing to start their own small businesses, helps the economy grow immensely, especially in the rural areas of Utah where there are not many large franchises to shop from. Though this is a great program, it has been short lived for some because there is still a significant amount of public assistance payout still occurring for the area. Overall, it has proved to be beneficial for most participating businesses. 

 Utah. Legislature. Office of the Legislative Auditor General. Southeast Utah Small Business Investment Fund Provides Some Economic Benefits. Salt Lake City, 2006. [Report to the Utah Legislature] ; No. 2006-07. Utah State Library. Web. 21 Mar. 2016. <http://www.le.utah.gov/audit/06_07rpt.pdf>.  

 Utah. Legislature. Office of the Legislative Auditor General. (2006). Southeast Utah small business investment fund provides some economic benefits ([Report to the Utah Legislature] ; no. 2006-07). Salt Lake City. Retrieved March 21, 2016, from http://www.le.utah.gov/audit/06_07rpt.pdf 

1 comment:

  1. Small businesses are what we really need. They keep the money local and they help out local people. I think more programs like this should be developed.

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