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Search resuls for: "Rocky Donati"


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Maven has expanded from a single Pilates studio to several different businesses and more than 130 commercial tenants. Through the Pilates studio, Arneson met Rocky Donati, who had recently moved to Salt Lake City from San Francisco. Back in 2013, the Pilates studio took in around $200,000 a year, the duo said. Investing in underrepresented startup founders is what motivated Kimmy and Sergio Paluch to launch the venture fund Beta Boom in Salt Lake City. "The potential I see is to fund more diverse businesses, to fund more women, to fund more people of color, and there are opportunities here."
Persons: Maven, Tessa Arneson, Arneson, Rocky Donati, Donati, Maven's, Kimmy, Sergio Paluch, Kimmy Paluch, we're, Beta Boom, Paluch, Susan Petersen, Petersen, of Jesus Christ, I've Organizations: CNBC, U.S Census Bureau, Maven, Beta, Beta Boom, of Jesus, Latter, Saints, Target Locations: CNBC's, Salt Lake City , Utah, United States, America, Salt Lake City, San Francisco, Kimmy, Utah
CNBC takes viewers on a deep dive into Salt Lake City's booming banking sector. The city's exceptional growth in finance can be traced back to an early catalyst: industrial banking. This little-known type of banking institution allows nonfinancial companies, such as car manufacturer BMW , to own its own bank. Utah is home to most of America's industrial banks, with 15 of the nation's 23 located in Salt Lake County — a concentration unmatched anywhere else in the country. Jason Kotter, a professor of finance at Brigham Young University, explains the role of industrial banks, how they function, and why they've been key to Salt Lake City's rise as a major financial powerhouse.
Persons: Jason Kotter, they've, CNBC's Carl Quintanilla, Ryan, Ashley Smith, Former Utah Governor Michael Leavitt, Wade Sherman, Larry Miller, Steve Starks, Goldman Sachs, John Waldron, Vivint, Todd Pedersen, Maven, Tessa Arneson, Rocky Donati, Entrata, Catherine Wong Organizations: CNBC, BMW, Brigham Young University, Smith Entertainment Group, Former Utah Governor, Adobe VP Locations: Salt, Utah, Salt Lake County, Salt Lake City
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