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Business Resource Centers: Entrepreneurial Development
Governor’s Office of Economic Development Business Resource Centers (BRC) will increase the success rate of Utah businesses, providing services that will ultimately allow new and existing businesses to grow and flourish. BRCs are entities established by GOED at Utah public institutions of higher-education or other appropriate community locations. They are certified one-stop resource centers providing coordination of business support, education, tracking of clients, access to sources of funding, training, technical expertise, talent, and networking for new and existing businesses. BRCs will partner with various business service providers located in their local service area and assist in the coordination of their activities, identify gaps in provided services, develop initiatives and provide opportunities. Business service provider partners will include federal, state, county, city, academic, private and any other business service providers that desire to participate with the BRC.
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Business Resource Centers are required to secure matching funds for this effort. Matching funds may be in the form of cash or in-kind (facilities, services, personnel, etc.,), or as approved by GOED.
GOED will provide administrative oversight for the BRCs, maintain decision authority and act as fiscal agent. A Business Resource Centers Advisory Board, formed by GOED, will provide operational oversight of, and coordination with, the Business Resource Centers.
Report related to Utah Business Resource Centers Act, House Bill 37S01 signed into law on March 14, 2008.
GOED generated a Request For Proposal (RFP) in May 2008 and nine submissions were received from institutions across the State desiring to participate in the BRC Program.
Funds appropriated under this Act will not be used for new construction.
