On Friday, October 29, 2021, Governor Spencer Cox of Utah visited Kaddas Enterprises in Salt Lake City and attended a roundtable discussion with Utah small business owners to discuss the challenges facing small businesses on the road to recovery, including supply chain issues, access to capital, and labor shortages. The attending Utah small business owners — Natalie Kaddas of Kaddas Enterprises, Steve Connor of Colvin Engineering, Alexandra Ortiz of Shades Brewing, Spencer Loveless of Dustless Technologies, Casey Metzger of Top Shelf Utah, Schuyler Northstrom of Uinta Mattress, Rebecca Yates of Ark Insurance Solutions, Ezralea Robbins of Mountainside Spa, and Jason Fowler of Air & Sea International — are graduates of the Goldman Sachs 10,000 Small Businesses program delivered in partnership with Salt Lake Community College.
“Small Businesses are an essential part of Utah’s growing economy. Today I had the opportunity to meet with a group of small business owners from Goldman Sachs 10,000 Small Businesses Voices to hear about the many challenges they continue to face,” said Governor Cox. “After meeting with this inspiring group of entrepreneurs, I am more committed than ever to continuing Utah’s proud legacy of fostering economic growth for small businesses.”
Recent national surveys and reports on access to capital and procurement reform from Goldman Sachs 10,000 Small Businesses Voices reveal that small businesses face one challenge after another. From concerns about inflation, rising operating costs, challenges accessing capital, obstacles retaining and hiring employees, and insufficient resources for health care, childcare, and mental health, small businesses are struggling.
“Small business owners like myself have been working harder than ever on the road to recovery. The challenges that we are facing include attracting and retaining talent, managing expenses with limited buying power, supply chain disruption all with dwindling access to capital,” said Natalie Kaddas, CEO of Kaddas Enterprises and a Goldman Sachs 10,000 Small Businesses alum. “I was pleased to meet with Governor Cox to share the challenges that we face as the small business community in Utah.”
“Goldman Sachs 10,000 Small Businesses Voices is committed to helping Utah small business owners advocate for policy changes that will help their businesses. As small businesses continue on the road to recovery, Goldman Sachs 10,000 Small Businesses Voices is proud to help advocate for small business priorities,” said Jill McCarthy, West Coast Regional Director of Goldman Sachs 10,000 Small Business Voices. “America’s economic recovery is dependent on the strength of small businesses across the country, and we’re grateful that Governor Cox joined us for this important conversation to hear the urgent needs of Utah’s small business community.”
Goldman Sachs 10,000 Small Business Voices “Road to Recovery” is a cross-country series of bipartisan events connecting elected officials with small business owners and giving participating elected officials at the local, state, and federal levels the opportunity to listen and learn from small business owners directly about the challenges they are facing coming out of the COVID-19 pandemic. This is the third Goldman Sachs 10,000 Small Businesses Voices“Road to Recovery” visit in the Beehive State, following earlier events with U.S. Representatives Burgess Owens (UT-4) and John Curtis (UT-3).