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State Gets First Private Business Incubator via Grow Utah’s Entrepreneurial or ‘E’ STATION

A former Greyhound bus station is now transporting different passengers: Entrepreneurs. The 4,300-square-foot art-deco structure at 2501 Grant Ave. that was inaugurated 65 years ago today as the Ogden Bus Depot was officially re-dedicated this morning as the new "E STATION," with 300-some government, business and venture capital investors attending the launch of the entrepreneurial incubator.

The E STATION and its Grow Utah Ventures parent corporation are the brainchild of Ogden businessman Alan E. Hall who started his own highly successful global company, MarketStar, from his basement. In January 2006, as many as six young companies will move from their basements and garages to the E STATION business incubator in Ogden’s revived downtown.

Housing as many as 25 employees of Grow Utah-funded companies, E STATION will be a vibrant office locale, offering not only high-speed networks and other technological tools of the trade, but more importantly, said Hall, "close access to the secret sauce."

Hall’s reference to "secret sauce" is the seasoned strategic, sales, marketing, financial, technological and legal counsel afforded all companies in the Grow Utah Ventures portfolio. The "sauce" comes from an extended pool of business people — a virtual who’s who of Utah business elite, Hall himself and Grow Utah Ventures CEO/President T. Craig Bott among them.

Full Story: http://www.investors.com/breakingnews.asp?journalid=33166536

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