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This is Lane Beattie of the Salt Lake Chamber with your Utah Business Report.
The Economic Development Division is pleased to announce an investment partnership between the Salt Lake City Revolving Loan Fund and Este (es-tay) Pizzeria Salt Lake City-Sugar House.
Este Pizzeria used the financing to move to their new location at 2148 South 900 East—in the heart of Sugar House.
Bill Smithers, who co-owns the restaurant with Brooke Yardley, said the financing from the City was a boon to his business plans. They say they've been able to increase business, hire more employees and gain greater exposure in the Sugar House neighborhood
The Salt Lake City Revolving Loan Fund was launched to stimulate local business development and expansion, encourage private investment, promote economic development and enhance neighborhood vitality in Salt Lake City by making loans available to community businesses. Since its inception, the fund has loaned over $15 million to dozens of local ventures.
To learn more about the Salt Lake City Revolving Loan Fund, visit slcgov.com. That's slcgov.com.
This is Lane Beattie for KSL News Radio.