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SL Co. revolving loan program expanding

SALT LAKE CITY – Salt Lake County Mayor Ben McAdams announced on Monday that the revolving loan fund can finally expand its reach.

The program is expanding after six banks contributed $1 million each, bringing the total fund, which offers small business loans to local start-up companies, up to $7 million.

The expansion means more local businesses can be created, which leads to more local jobs.

“The loans are restricted to individuals and businesses that do not have access to traditional bank loans. They are what we call pre-bankable businesses. That ensures the fund does not compete with private lending institutions,” McAdams said.

McAdams made Monday’s announcement at Fat Pipe, a Salt Lake City business that is a revolving loan recipient that created more than 200 jobs and paid off the loan in five years. They are hoping future businesses can do the same.

Downtown Farmers Market accepting vendor applications for 2013

SALT LAKE CITY -- The 21st annual Downtown Farmers Market and Art & Craft Market are currently seeking applications from vendors for the upcoming season. Applications will be accepted from February 5 - April 8, 2013 for farmers, art and craft vendors, non-profits and musicians.

The 2013 Downtown Farmers Market will be open June 8 - October 19, in Historic Pioneer Park, offering a unique variety of farmers, growers, bakeries, prepared food and beverages, packaged foods and local artisans. The Harvest Market will be open Tuesday evenings August 6 - October 22 for growers only. Reserved space fees are $225 for the full season on Saturdays and $100 for Tuesdays.

University of Utah graduate earns first place in Global Entrepreneur Student Awards

A recent University of Utah graduate and co-founder of Uptown Cheapskate (uptowncheapskate.com), Chelsea Sloan, was awarded first place in the Global Student Entrepreneur Awards Nov. 19 in New York City.  Sloan, 27, was selected from nearly 2,000 student applicants from around the world.  Sloan is the competition’s first female winner since the awards began in 1998 and will receive $150,000 in cash and in-kind business services from the Entrepreneurs’ Organization to help build her business.
     
Uptown Cheapskate is a retail clothing franchise that buys, sells and trades new and gently-used designer and fashion-forward merchandise for men and women (primarily between the ages of 16 to 35).  Uptown Cheapskate stores’ inventory typically includes shoes, handbags, jewelry, clothing (including designer and high-end jeans) and hats.
    

Council gives tentative approval for 2013 Salt Lake County Budget

After three weeks of discussions, the Salt Lake County Council has given tentative approval to most of Mayor Peter Corroon’s 2013 budget proposal. Final adoption of the budget will follow a council public hearing the evening of Tuesday, December 11, 2012.

Included in the budget will be a 16.2% property tax increase designed in part to fund rehabilitation and renovation of aging county facilities and partial restoration of lost salary and benefits for county employees.

“We have five years of pent-up budget demand while we struggle to address multi-million dollar issues,” says Mayor Corroon. “This budget will address a structural financial deficit, lagging employee compensation, rising fuel and other utility costs, increasing service demands and a growing list of deferred capital maintenance needs.”

A dozen years ago in December, 2000, the outgoing County Commission approved a tax increase—the last countywide tax increase. At that time:

Walmart Ready to Reveal New Store to Salt Lake City Shoppers

SALT LAKE CITY – Residents of Salt Lake City are invited to the new Walmart store, which opened Friday, Nov. 16, at 2705 E. Parleys Way. A grand-opening celebration is scheduled for 7:25 a.m., Friday, Nov. 30. The new store brings approximately 200 new jobs to the area and opportunities for savings for customers. It will be open 24 hours a day, seven days a week.

Ribbon-Cutting Celebration at 7:25 a.m., Friday, Nov. 30

Community officials will be on-site for a ribbon-cutting ceremony at 7:25 a.m., Friday, Nov. 30. The Highland High School choir will sing the national anthem, and the Boy Scouts will present the colors.  

Grand-Opening Events

Customers are encouraged to come to the store on Friday, Nov. 30 to take advantage of a wide variety of events and promotions, including product samplings and giveaways from companies such as Nabisco and an Oreo cookie stacking contest. All events are family-friendly, free and open to the public.

“We are proud to be opening during the year that Walmart celebrates the 50th anniversary of its first store opening,” said store manager Tom McCowen. “We look forward to serving the people of our community, helping save them money so they can live better.”

Trader Joe’s pushes back SLC grand opening

SALT LAKE CITY – Trader Joe’s has pushed back the grand opening of its new Salt Lake City store two weeks.

Due to construction delays, the store located at 634 East and 400 South in Salt Lake City will open its doors on Friday, Nov. 30, at 8 a.m.

“We are confident the extra time will help us prepare a store that will give our customers a complete Trader Joe`s experience,” a statement from the company said.

City celebrates outdoor retailer summer market with volunteer project

This is a press release from The Official City Government Website of Salt Lake City