WE HELP WOMENBUSINESS OWNERS

WBC

UTAH

.COM

B U I L D C O N F I D E N C EC R E A T E O P P O R T U N I T I E SE X P E R I E N C E S U C C E S S

ANNUAL

REPORT 2017-2018

MISSION

The Women’s Business Center of Utah (WBCUtah) helps Utah women build confidence, create new opportunities and experience success in business ownership through individual mentorship and group and online training.

STRUCTURE

The Women’s Business Center of Utah (WBCUtah) is a 501(c)(3) charitable nonprofit which is a “supporting organization” to and hosted by the Salt Lake Chamber and funded in part through a Cooperative Agreement between the Salt Lake Chamber and the U.S. Small Business Administration. WBCUtah is self-sustaining and financially independent from the Salt Lake Chamber; although the missions are unique, they are complementary.

“If it weren’t for the support, mentorship and training of the Women’s Business Center of Utah, Snap Shop Photo would not be as successful. Deb Bilbao, at WBCUtah, was an invaluable resource offering amazing mentorship and support to my business. Her knowledge of business and access to resources continues to assist me in making wise business decisions. The SBA’s dedication to my small business has been a keystone of the studio’s success. I am so honored to be a part of this amazing group of women. Thank you for all you do! ”

2018 WBCUTAH WOMAN ENTREPRENEUR OF THE YEAR

“It is both an honor and a privilege to serve as Board Chair of the Women’s Business Center of Utah. The need to support women entrepreneurs has never been more necessary in our economy and state. I want to recognize the positive impact of WBCUtah, with statewide support, of women business owners through the training, mentoring and resources they provide. Over the years, I have seen firsthand what it takes to make a difference in the business community and WBCUtah goes above and beyond in assisting women throughout Utah. The 2017-2018 annual report shares some interesting data and highlights the success and impact the Women’s Business Center has contributed to our state.”

“This past year we’ve celebrated several major milestones including the celebration of our 20th Anniversary, being awarded an additional SBA grant to open a second office in Cedar City, and filing a DBA to be know as the ‘Women’s Business Center of Utah.’ With the support of the Salt Lake Chamber, U.S. Small Business Administration and many other organizations and individuals, WBCUtah will now be able to more effectively help Utah women business owners statewide. Thank you for being a part of this great work and helping to improve the lives of Utah women business owners and their families.”

DEAR FRIENDS & SUPPORTERS

Brittany WestoverJPMorgan Chase WBCUtah Board Chair

Ann Marie WallaceWBCUtahState Director

Sasha Taylor, OwnerSnap Shop Photo

WBCUTAH TEAM

STATEWIDEAnn Marie Wallace, State Director

Eve Rickles, Digital Media CoordinatorAshleen McGirk, Minority Outreach AmeriCorps VISTA

NORTHERNRobbi Richter, Program DirectorClancy Stone, Business Advisor

Teresa Bagdasarova, Program Coordinator

PARTIAL-YEAR TEAM MEMBERSDeb Bilbao, Business Consultant (through July 2018)

Deborah Marzano, Program Manager (through June 2018)Morgan Baker, Digital Media Coordinator (November 2017-June 2018)

Riley Nelson, Rural Outreach AmeriCorps VISTA (August 2017-March 2018)Angelica Henderson, Minority Outreach AmeriCorps VISTA (August 2017-January 2018)

Molly Pace, Rural Outreach AmeriCorps VISTA (August 2018-October 2018)

SALT LAKE CHAMBER SHARED SUPPORT STAFFLori Bodily, Accounting Manager

Angela Johnson, Accounting ClerkBianca Yardley, Graphic Designer

WBCUTAH BOARD OF DIRECTORSBrittany Westover, JPMorgan Chase, Chair

Kathy Luke, Ancestry, Vice ChairJen Parsons-Soran, Nonprofit Development Partners, Treasurer

Cindy Johnson, Hair Love Wigs and Salon, SecretaryJanice Boes, Pierpont Place

Ginger Chinn, GOEDJuanita Damon, American Express Dana Fisher, Dental On Location

Kimberly Harper, Mountain West Small Business FinanceCathy Keen, Wells Fargo

Nineveh Madsen, HER MagazineCheryl Mansen, Salt Lake County Library Services

Aprille Savarese, American ExpressLaurie Seron, Utah’s Own

Heidi Walker, Salt Lake ChamberNicole Walters, CBIZ, Inc.

WBCUTAH BOARD ADVISORSAnn Marie Wallace, Women’s Business Center of UtahMelinda Workman, U.S. Small Business Administration

Jodi Vawdrey, Oakridge Asset Management, LLC Christine Cardamon, Graystone Mortgage

2017-2018 WBCUTAH CLIENT IMPACT

79 $8.2M $1.3M

318 $1.9M

NEW BUSINESSES CREATED REVENUE EARNED

NEW JOBS CREATED INCREASE IN PROFIT

CAPITAL ACCESSED

TYPE OF ASSISTANCE CLIENT BUSINESSESBY INDUSTRY

BUSINESS MANAGEMENT 22%BUSINESS PLAN 21%

MARKETING SALES 20%CONTRACTING 12%

START-UP ASSISTANCE 11%FINANCING/CAPITAL 06%

CASH FLOW MANAGEMENT 05%BUY/SELL BUSINESS 02%

06% CONSTRUCTION11% RETAIL TRADE04% MANUFACTURING01% FINANCE & INSURANCE11% EDUCATION SERVICE01% REAL ESTATE & RENTAL/LEASING02% HEALTH CARE & SOCIAL ASSISTANCE05% ACCOMMODATION & FOOD SERVICE06% ARTS, ENTERTAINMENT & RECREATION04% TRANSPORTATION & WAREHOUSE13% PROFESSIONAL, SCIENTIFIC & TECHNICAL SERVICE01% AGRICULTURE, FORESTRY & HUNTING06% ADMIN & SUPPORT, WASTE MANAGEMENT & REMEDIATION30% OTHER SERVICES

CLIENTS INDIVIDUALLY MENTORED

89%FEMALE

11%MALEVETERANS SERVED

07%

50% ALREADY IN BUSINESS

01% NATIVE AMERICAN03% BLACK/AFRICAN AMERICAN 80% CAUCASIAN

02% NATIVE HAWAIIAN & PACIFIC ISLANDER04% ASIAN 10% HISPANIC

ALLOCATION OF FUNDS

Payroll, Taxes & Benefits

Programming

$258,550

$118,577

Office Expenses $69,046

Professional Services $3,032

Marketing

Other Expenses

$32,359

$3,530

SERVICES OFFERED

179 433 318

227

3,735

134

CLIENTS ASSISTED CONSULTING HOURS

CONSULTATIONS

ATTENDEES TRAINED

TRAININGS

TRAINING HOURS

FINANCES

SOURCES OF FUNDS

Sponsorship $172,085

Foundation Grants $95,000

Government Grants

Miscellaneous

$228,000

$6,957

Attendee/Exhibitor Fees

In-Kind

$40,575

$1,906

2017-2018 WBCUTAH MAJOR TRAININGS & EVENTS

TIMELINE &HIGHLIGHTS

OCTOBER 10, 20172018 YOUNG LEADERS OF THE AMERICAS INITIATIVE FELLOW

JULY 17-19, 2018SBA RURAL ROADSHOW:

EASTERN UTAH

MAY 1, 2018EFFECTIVE DELEGATION:

MAKING ROOM IN YOUR BUSINESS FOR UNLIMITED GROWTH

JULY 2, 2018MEMBERZONE DATA

MANAGEMENT SYSTEM IMPLEMENTATION

OCTOBER 20, 2017APPRECIATION BREAKFAST

NOVEMBER 17, 201720TH ANNIVERSARY MEDIA EVENT

FEBRUARY 14, 2018SWEET SUCCESS: GROWING

INTO SMALL BUSINESSES

JANUARY 10, 2018BUSINESS GRAFFITI:

CREATE YOUR VISUAL ROAD MAP

APRIL 5, 2018FILED DBA “WOMEN’S

BUSINESS CENTER OF UTAH”

APRIL 16, 2018AWARDED NEW SBA GRANT

FOR 2ND OFFICE IN CEDAR CITY

AUGUST 10, 2018VIRTUAL WBC HOST TRAINING

AUGUST 28, 2018MENTORING PROGRAM

PILOT GRADUATION

SEPTEMBER 7, 2018STEP AWAY & RECHARGE:

BUSINESS OWNER’S ½ DAY RETREAT

APRIL 19. 2018HAFB BOOTS TO BUSINESS

NOVEMBER 1, 2017FARM TO FOREIGN TABLE

NOVEMBER 24, 201720TH ANNIVERSARY

AUGUST 8, 2018UTAH WOMEN & ENTREPRENEURSHIP

IMPACT LUNCHEON

NOVEMBER 16, 2017SLCC FASHION ENTREPRENEURSHIP

BUSINESS FINANCIALS

MAY 2, 2018NEW AMERICAN DREAM LAB

AUGUST 16, 201818TH ANNUAL WOMEN IN

BUSINESS SUMMER SOCIAL

APRIL 18, 2018ONLINE JUMP START: INTRO TOENTREPRENEURSHIP TRAINING

LAUNCH

APRIL 18, 20183RD ANNUAL WOMEN’S

ENTREPRENEURIAL CONFERENCE & GRANT COMPETITION

DECEMBER 1, 2017PITCH PERFECT: MASTER YOUR

2-MINUTE FUNDING PITCH

MARCH 8, 2018INTERNATIONAL WOMEN’S DAY

CELEBRATION

MARCH 20, 20184TH ANNUAL

FOODTREPRENEUR FESTIVAL

DECEMBER 6, 2017HAFB BOOTS TO BUSINESS

MAY 10, 2018WEC WHERE’S THE MONEY?

NOVEMBER 15, 2017WOMEN & BUSINESS CONFERENCE AND ATHENA AWARDS LUNCHEON

OCTOBER 18, 2017HAFB BOOTS TO BUSINESS

OCTOBER 19, 2017NEW AMERICAN DREAM LAB

JULY 18, 2018MOAB/GRAND COUNTY WOMAN

BUSINESS OWNER FOCUS GROUP

SEPTEMBER 11, 2018WBCUTAH.COM 2.0 CLIENT BRAINSTORMING SESSION

JULY 19, 2018VERNAL/GRAND COUNTY WOMAN BUSINESS OWNER FOCUS GROUP

AUGUST 21-23, 2018SBA RURAL ROADSHOW:

SOUTHERN UTAH

2018 NEW AMERICAN DREAM LAB

20TH ANNIVERSARYINTERNATIONAL WOMEN’S DAY

WOMEN’S ENTREPRENEURIAL CONFERENCE

APPRECIATION BREAKFASTJUMP START

FOX 13 WITH SASHA TAYLOR

MENTORING PROGRAM PILOT GRADUATION

20TH ANNIVERSARY2017 WOMEN & BUSINESS CONFERENCE AND ATHENA AWARDS LUNCHEON

WOM

EN IN

BU

SIN

ESS

SUM

MER

SOC

IAL

SBA RURAL ROADSHOW

FOX 13 WITH SASHA TAYLOR

WBCUTAH BOARD OF DIRECTORS

2017-2018 MAJOR ACCOMPLISHMENTS

Hosted U.S. Department of State Young Leaders of the Americas Initiative Fellow Andrea Toro Ortunoz from Bolivia Co-hosted and helped award 6 grants to New American Entrepreneurs at 2 New American Dream Labs Celebrated 20 Year Anniversary and prepared 20th Anniversary Time Capsule Piloted new Mentorship Program Received Association of Women’s Business Centers Raise Your Impact Grant Hosted 11 international women guests from Utah Council for Citizen Diplomacy at International Women’s Day Celebration Hosted 4th annual Foodtrepreneur Festival attended by 375 people Awarded new competitive grant from the U.S. Small Business Administration to fund second office in Cedar City Renamed center Women’s Business Center of Utah Co-hosted 3rd Annual Women’s Entrepreneurial Conference attended by 145 women business owners Assisted in awarding 13 grants to Utah women business owners Implemented new data management system Facilitated 4 woman business owner focus groups in Moab, Vernal, St. George and Richfield Selected by Association of Women’s Business Centers to host 2020 national WBC Leadership Conference Participated in U.S. Small Business Association’s Rural Roadshow at 6 locations in eastern and southern Utah Completed second year of AmeriCorps VISTA Project

FOX 13’S THE PLACE

2017 NEW AMERICAN DREAM LAB

WEC SEMIFINALIST GRANT WINNERS SBA RURAL ROADSHOW

Box Elder Chamber of CommerceCache Chamber of CommerceCarbon County Chamber of CommerceEmery County Business ChamberHeber Valley Chamber of CommerceMoab Chamber of CommerceSan Juan Chamber of Commerce St. George Chamber of CommerceVernal Area Chamber of Commerce

VIRTUAL WBCUTAH HOSTS

Adobe Systems Inc.American ExpressAmerica First Credit UnionAncestryAT&TAuric SolarBig Brothers Big Sisters of UtahThe Boeing CompanyCBRECenturyLinkClyde CompaniesCulinary CraftsDaybreak CommunitiesDeseret Management CorporationdōTERRA InternationalFidelity InvestmentsUniversity of Utah David Eccles School of BusinessDominion EnergyGOEDGoldman Sachs 10,000 Small Businesses International Rescue CommitteeJPMorgan ChaseMicrobusiness Connection CenterMountain America Credit Unionmy529Nicholas and CompanySCORE Salt Lake ChapterSmith’s Food & DrugUtah Transit AuthorityWells FargoWCF Insurance

SPONSORS

Global ChamberLDS Business CollegeMicrobusiness Connection Center National Association of Women Business Owners, Salt Lake City ChapterSalt Lake ChamberSCORESpice Kitchen IncubatorU.S. Small Business AdministrationUtah SBDC Network

PARTNERS

Boots to BusinessBoots to Business: RebootBusiness Women’s ForumProfessional Women’s Roundtable of Cache ValleyCamera Coats CBIZ & Mayer Hoffman McCann P.C. Dixie SBDC Downtown Farmers MarketEntrepreneur Launch PadGoldman Sachs 10,000 Small BusinessesGoogleJPMorgan Chase Kirton McConkieLDS Business College Miller Business Resource CenterMoab Chamber of Commerce Moab SBDC Mountainside Spa Mountain West Small Business FinanceNorthfront Business Resource Center Procurement Technical Assistance CenterRichfield Area Chamber of CommerceRichfield SBDC at Snow College Duchesne County Chamber of Commerce Salt Lake CountySalt Lake City International AirportSBA Emerging Leaders SLCC Fashion Entrepreneurship Class South Salt Lake Chamber of CommerceSouthern Utah University Business Resource Center St. George Chamber of Commerce Stratton Law GroupThe Brain TrainerThe P.O.W.E.R. LLCUniversity of Utah Professional Education U.S. Commercial ServicesUtah Council for Citizen Diplomacy Utah Department of Agriculture and Food Utah Microloan FundUtah Solar AssociationUtah State Chamber Utah Women’s Leadership Project Utah Women’s Networking GroupVernal Area Chamber of Commerce Vernal SBDC Women’s Business Enterprise Council West Women’s Influence Center World Trade Center Utah Yoga with Lauren

COLLABORATORS

WBCUTAH MAJOR SPONSORS

Funded in part through a Cooperative Agreement with the U.S. Small Business Administration.

Women’s Business Center of Utah

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