Biz to Biz: July 24 | VailDaily.com
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Biz to Biz: July 24

HCBR STAFF REPORTS
Summit Daily/Mark Fox
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The following businesses joined the Summit County Chamber of Commerce in June:

– Wolf Real Estate, Frisco. Call Kouri Wolf, 668-6400.

– LPL Financial, Frisco. Call Robert Lau, 468-8800.

– Gatherhouse, Frisco. Call John Hudnut, 485-2909.

New members so far in July are:

– Creative Cabinetry, Breckenridge. Call David Preaus, 453-6500.

– Big Sky Airport Shuttle. Call Rod Perkins, 303-300-2626.

– National U.S./India Chamber of Commerce, Denver. Call Purnima Voria, 303-273-9337.

– The Open Book, Frisco. Call Amy Yundt, 668-5399.

– Borders Books, Dillon. Call Jennifer Sweeney and Lloyd Boyette, 262-1220.

– Snap Fitness, Silverthorne. Call Brian Diebel and Yvette Sivbu, 303-396-8745.

– Summit Garage Door, Breckenridge. Call Melissa Thompson, 513-8152.

– The Clawfoot Cabin, Frisco. Call Tiffany Wyatt, 668-3561.

– Keller Williams Realty, Breckenridge. Call Amy O’Rourke, 453-8978.

Summit Mountain Rentals, a local vacation-rental and property-management company and owner of the Hotel Frisco, recently announced that it has purchased White Cloud Lodging, which has been providing luxury vacation home rentals in Breckenridge since 1980. With the acquisition, Summit Mountain Rentals now has nearly 100 lodging choices in Breckenridge and Frisco.

Summit Mountain Rentals owner Mark Waldman said the company is now among the largest property-management firms in the county.

Waldman and his wife, Mary, bought the Hotel Frisco in 2002 and expanded the business to include condominium rentals and property management in 2004. Along the way, the company’s staff has grown to more than 15 people with an annual payroll of nearly $600,000.

Summit Mountain Rentals just opened a new office at 111 Ski Hill Road, Breckenridge, and also has an office at the Hotel Frisco, 308 Main Street, Frisco. For more information, call Summit Mountain Properties at 1-800-383-7382 or visit http://www.summitrentals.com.

At the Breckenridge Resort Chamber annual meeting, voters brought Alison Palmer in as a new board member for the Breckenridge Resort Chamber. Members voted to keep Steve Lapinsohn, Rob Neyland and Mike Dudick on the board of directors.

Justin Hildreth has been appointed Avon’s new town engineer. Hildreth has more than 10 years of professional engineering experience, including several years working as a project engineer for Eagle County and a senior engineer for the city of Westminster in the Denver area.

Hildreth’s background includes development experience with several large shopping centers in Westminster as well as managing a $4 million bridge across the Eagle River for Eagle County. He also prepared the preliminary design of the Edwards Access Road reconstruction project.

“Justin’s desire and willingness to engage with other disciplines such as community planning to solve engineering problems is vital,” Town Manger Larry Brooks said. “As we move forward in redeveloping Avon’s west and east centers, Justin’s approach to problem solving will be valuable.”

Hildreth replaces Norm Wood, who served as town engineer for more than 20 years.

“I’m excited to be back in the mountains and am looking forward to working on Avon’s urban-renewal project,” Hildreth said.

Hildreth can be reached at 970-748-4045 or jhildreth@avon.org.

The Summit County Chamber of Commerce recently issued a statement thanking those who helped staff the information booth and security checkpoints during the Blues and Art Festival at Keystone.

Marilyn Ward, Betty Naftz, Norma Sundin, Sue Rochford, Janet Wolfson and family, Bruce Adams, Mary and Erick Wietheke, K’lynne Jorgenson, Rachina and Steve Allen, Carla Zinn, Keena Harris, Dr. Dean Sternjholm, Hans Dirkson, Carolyn Harner, Bridget Roman, Linda, Share and Mark LaFrance, Luke Slottow, Pam Churman, Eric Fisher, Jeanne Severson, Jennifer Kermode, Rob and Karen Waterman, Stacey Harris, Staci Stamps, John Keefe, Jenny Doris, Hannah Lennon, Charlene, Kristen and Ross Meriwethe and Thom Bell.

Fritzlen Pierce Architects of Vail recently announced it had launched a new Web site that features photos and information on the company’s projects, staff, and design philosophy. For more information, go to http://www.vailarchitects.com.

New study shows wealthier entrepreneurs are more likely to start a new business

The wealthiest budding entrepreneurs are more likely to start a business than are their less wealthy counterparts, according to a study by the Office of Advocacy of the U.S. Small Business Administration.

However, this effect differs when the race and ethnicity of the entrepreneur are considered as factors.

“Self-employment rates among minorities are generally less than would otherwise be predicted,” said Dr. Chad Moutray, Chief Economist for the Office of Advocacy. “Yet, there tends to be more ‘pre-business’ activity among nascent minority entrepreneurs. This study looks at some of the possible factors that might explain that gap.”

The study finds that as a whole, the wealthiest (top 25 percent as determined by net assets) nascent entrepreneurs (individuals putting effort towards opening a business, but who have not yet done so) are four times more likely to open a business than those in the lower part of the wealth scale. However, even controlling for net wealth, white entrepreneurs are more likely to open a business than are Black or Hispanic entrepreneurs.

The study also found that:

– The existence of a formal business plan did not influence start-up rates;

– Nascent entrepreneurs who sought funds for start-up are more likely to open a business than those who did not;

– Having entrepreneurial parents did not affect start-up rates;

– Nascent entrepreneurs with experience in their intended industry are less likely to open a business than those with no experience in the field.

For more information and a complete copy of the report, go to http://www.sba.gov/advo.


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