The Vision of Grow Utah Ventures
Filed under: Angel Investing, Government and Technology, Startup Capital, Utah Entrepreneurship, Utah Jobs, Venture Capital
I’m sitting inside the old greyhound bus station on Ogden’s infamous 25th street.
But it isn’t a bus station anymore. Utah visionary Alan Hall and his team at Grow Utah Ventures have purchased the old bus depot. They are renovating it and today are christening it the “E Station.”
E, of course, stands for entrepreneur.
Alan Hall’s vision is for Grow Utah Ventures to be the most influential private sector force for economic development in the state of Utah, with a focus on Northern Utah.
In the next five years Grow Utah Ventures plans to launch 100 new companies, invest $15 million in entrepreneurs, and create over 2,000 good paying jobs.
The E Station will be a launch center for new companies, providing low cost office space, mentoring from GUV Advisors, and sales and marketing assistance.
GUV companies will also have access to expansion capital because GUV is closely allied with many angel investor groups in Utah, including groups in Salt Lake, Weber, Davis, Cache and Washington Counties.
The E Station ribbon cutting starts in 10 minutes.
It is conveniently located a block away from MarketStar, a global sales and marketing outsourcing company which helped its clients sell more than $8 billion in products last year.
I love Alan’s vision. I believe the economic impact from funding 100 companies and mentoring hundreds of entrepreneurs will be vast. It will be part of his lasting legacy.
At a time when people worldwide are complaining about slow government response to every external event and disaster, I love watching private entrepreneurship and philanthropy having such a major impact on the world.
From Larry and Sergey’s incalculable effect on the worldwide diffusion of knowledge, to Clara Barton’s Red Cross, which provides relief to millions, to Habitat for Humanity’s vision of providing homes to the needy, and on and on. These things come from individual initiative, not government fiat.
Remember JFK’s powerful words: Ask not what your country can do for you; ask what you can do for your country.
Think of the kind of world we would create together if all of us tried to answer that question.
Thanks, Alan, for answering it with this wonderful Grow Utah Ventures initiative!
Sent wirelessly via BlackBerry from T-Mobile.