SMALL BUSINESS INVESTMENT COMPANIES HAVE INVESTED MORE THAN $604 MILLION IN UTAH OVER THE LAST 5 YEARS.
Small Business Investment Company Impact in Utah
- SBICs have invested in 151 small businesses in Utah since 2018.
- SBICs have invested $604.2 million in Utah small businesses since 2018, with $212.9 million invested in FY 2022 alone.
- Utah businesses that received financing from SBICs in 2022 supported 3,496 employees.
A sampling of the Utah-based companies that have received SBIC financing:
Adaptive Computing Enterprises, Inc. (Provo)
Adaptive Computing manages one of the world’s largest computing installations with its Moab® self-optimizing cloud management and HPC workload management solutions. The patented Moab multi-dimensional decision engine delivers policy-based governance, allowing customers to consolidate resources, allocate and manage services, optimize service levels, and reduce operational costs. The company’s leadership in IT decision engine software has been recognized with over 45 patents and over a decade of battle-tested performance resulting in a solid Fortune 500 and Top500 Supercomputing customer base.
- SBIC Investment: $2,142,857
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BLOXR Solutions, LLC (Salt Lake City)
BLOXR Solutions, LLC, is a leading provider of radiation protection products designed to reduce exposure for clinicians and patients through innovative applications of its proprietary technologies. BLOXR™ XPF® Technology provides the foundation for a complete line of safer, greener, lighter radiation protection apparel, cream, and shielding products for medical and industrial applications. The company’s ULTRABLOX® X-Ray Attenuation Cream is the only topical product available to provide effective scatter radiation protection of a clinician’s hands during radiological procedures, without affecting dexterity and tactile feel. BLOXR XPF garments allow clinicians to wear a lightweight alternative to lead and like-lead products with effective protection against scatter radiation. BLOXR Solutions is a certified minority, woman-owned small business headquartered in Salt Lake City, Utah.
- SBIC Investment: $1,206,879