Do you have a qualified business opportunity in Provo or are you looking to expand your existing company?
Bond Capital is a direct lender of mezzanine financing, private equity, subordinated debt and many other alternative forms of capital.
Living in Provo
Provo, Utah is situated 69 kilometres south of Salt Lake City and is bookended by the rugged Wasatch Range to the east and Utah Lake to the west. Provo is ranked number one across 189 communities in the U.S. according to a Gallup-Healthways well-being index, a survey quantifying attitudes on quality-of-life factors.
Provo offers a healthy, safe, and amenity-rich environment for families and businesses. An emphasis on outdoor adventure is just one aspect that positions Provo and the entire state of Utah as a desirable place to live.
Utah is known world-wide for its pristine mountains and ideal skiing and snowboarding conditions. With 13 world-class resorts, 11 within a one-hour drive of Provo, there's a recreation opportunity for everyone, regardless of skill level or budget. The city is also home to the Peaks Ice Arena, which served as a venue for the Salt Lake City Winter Olympics in 2002.
Often overshadowed by world-class skiing, Provo's hiking, camping, and mountain biking amenities are unmatched. Provo has a large network of recreational trails both mountainous and paved that attract cyclists, runners and hikers alike. The city is also home to both Provo Canyon, complete with waterfalls, scenic lookouts, rafting and winter ice climbing, and Rock Canyon, renowned for outstanding hiking and rock climbing.
Utah prides itself on its five national parks, seven national monuments, two national recreation areas, and six national forests, plus hundreds of thousands of acres of terrain for any and all outdoor activities. Source: Utah Travel & Adventure.
Considered one of the most beautiful landscapes in the United States, coupled with a strong, stable economy and larger-than-average family sizes, growth in Provo is unavoidable. With a population of 115,264 (2016), according to figures recently released by the U.S. Census Bureau, Provo is the seventh fastest growing city in America. In 2015, the population of Provo/Orem metro was 585,362. In 2016, that number jumped to 603,309. Source: U.S. Census Bureau.
A diverse population provides numerous opportunities for cultural experiences, particularly with Provo's dining and art scene. A historically new downtown offers various entertainment with a bustling music scene, a film festival, outdoor summer cinemas as well as numerous nightly events hosted by a wide variety of entertainment-based businesses.
Advancements in public transit have made strides with the introduction of the Frontrunner commuter rail into the borders of Provo, making travel to the northern parts of the valley effortless. Additionally, a Bus Rapid Transit (BRT) is projected for fall 2018, which will connect the Orem and Provo Frontrunner stations and all the major academic, commercial, and retail sites in between. Additionally, Provo has been named one of the most bike-friendly communities in the U.S., with a substantial network of bike lanes, paths, and trails that continue to be added every year.Contact Us
ECONOMIC DRIVERS & BUSINESS GROWTH IN PROVO
The Provo City Economic Development Strategic Plan states that as the county seat and the largest city in Utah County, Provo has enjoyed many national rankings for job growth and the best place to start a business. There are many factors that contribute to these recognitions, such as Provo’s highly educated population, large young professional population (ages 25-44), strong universities, and an undeniable entrepreneurial spirit.
247wallst.com recently released a special report citing Utah as 2017's best state for business. "The state's labour market and regulatory climate are particularly business friendly compared to others across the country. Utah's working-age population is projected to grow by more than 20% by 2020, far greater than the comparable projected growth nationwide of less than 5%."
According to Provo's Economic Development Department, the city receives consistent national rankings for job growth and entrepreneurship. With a $16 billion economy and home to one of the largest private higher education institutions in the U.S., Brigham Young University, Forbes has ranked Provo as the best place in America for business and careers. "Recently, The New Yorker proclaimed that Utah is 'the next Silicon Valley.' Provo punches far above its weight with two of the world's 73 private venture-funded companies with valuations over $2 billion."
Considered as the health centre, education centre and the government centre of the county, Provo's major industries include: Technology, Health Care, and Education. Other target industries include: Advanced Manufacturing, Consumer Products, Life Sciences, Hospitality & Tourism, and Professional Services.
The economic performance of Provo, the Utah Valley and the state of Utah is currently outpacing most regions of the country. The community’s entrepreneurial spirit, emphasis on lifelong learning and quality education, beautiful natural environment, family orientation, and progressive business climate are assets that the city will continue to build upon to further economic prosperity. The city's goal is to ensure Provo’s long-term economic prosperity by creating target industry jobs, encouraging quality business investment, and ultimately enhancing the city’s quality of life for all residents.
Modern Banking Strategy
Business in Provo is competitive and the bankers at Bond Capital are adept at accurately matching capital to opportunity to help you grow your business and prosper as a shareholder.
If you are seeking an infusion of capital to stimulate company growth and help facilitate your business strategies, Bond Capital is an experienced Canadian merchant bank and direct source of capital that offers customized total financial solutions.
We can help to build a unique business solution that will foster growth and diversity in your business. You can achieve financial efficiency while increasing competitiveness and gaining access to more capital by working with us.
If you would like to learn more about the business loan options available to you, please contact us today. We will arrange a meeting with one of our Provo representatives.Contact Us