30 of 50
BACKNEXT
Logan, UT
Logan, UT
Bert Israelsen
Frontier Scientific

I wanted to be an owner of a business -- that was just a goal I've always had. It could be a new business or one that was established and looking to sell. Raised in Logan, I started networking back in 1993 and 1994 throughout northern Utah up to the Idaho border. I came up with a list of about 10 companies.

The company I'm a part-owner of now, Frontier Scientific, began as Porphyrin Products. Porphyrin is something found in humans and in plants, and it's used in the development of medicines, including to treat cancer. The best way to describe it is that we make building blocks for other companies to do drug discovery or material science work. It's a little like Tinker Toys -- you have to put them together.

It was one of those companies where the founder's children didn't want to be a part of it, and he was having health problems. It had gone from 26 employees to just four. Myself and two other people bought it in 1995. Now we have 32 employees and growing.

The Cache Valley has so much technology, a lot of which ties back into the university. The former owner was a professor at the university, though the company wasn't part of a formal incubator. Utah is full of people who have an entrepreneurial spirit. The quality of life is a huge draw. Sure, if you need startup money, San Francisco, Seattle or Boston are all the obvious places, but people like it here. -Kathleen Ryan O'Connor

See complete data for Logan, UT

NEXT: Lubbock, TX

Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
LAST UPDATE: Oct 20 2009 | 9:39 AM ET
Best launch spots: See all 50 Growing economies, great workers, stable housing markets -- these metro areas have what entrepreneurs need to thrive. More
Tax havensWant to keep more of your profits? Check out these 5 states, where taxes are low -- and in some cases, nonexistent. More
5 deadly spots Every restaurateur knows about Cursed Locations. Here's a look at 4 trying to break the streak -- and one that failed. More
Sponsors

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.