183. Path to Prosperity — Bringing Resources To Small Businesses

Business Elevated

Season 6 Episode 26: In this episode, Pete Codella, managing director of business services at the Governor’s Office of Economic Opportunity, talks with Paul Jolley, the new director of the Utah Small Business Credit Initiative (USBCI), and David Ramos, senior community affairs advisor at the Federal Deposit Insurance Corporation (FDIC).

Jolley discusses his long-standing connection to Utah and his excitement for his new role in the public sector. He highlights the initiative’s focus on supporting small businesses through the Loan Participation Program and Capital Access Program. Jolley emphasizes the importance of the upcoming “Path to Prosperity” event, co-hosted by USBCI, that provides resources and guidance to aspiring business owners.

Ramos discusses his role and the FDIC’s efforts to support small businesses and entrepreneurs across the U.S., mainly through the “Path to Prosperity” series. This initiative, created in partnership with agencies like the U.S. Department of Agriculture and the Small Business Administration, fosters relationships between community banks and small businesses, offering technical assistance and expanding access to capital. Ramos highlights the importance of these resources for economic growth, especially in underserved and rural areas. He also shares insights on Utah’s favorable environment for entrepreneurs and his anticipation for the upcoming event.

“Path to Prosperity” is a free event on Aug. 22, 2024. For more information and to register, visit https://business.utah.gov/event/path-to-prosperity-utah.