Marketplace®

Daily business news and economic stories

What a busy holiday season meant for a Utah baker

Rita Magalde was “swamped” with orders for her baklava in December. When it was over, she called her realtor.

Download
Rita Magalde, above with her baklava, has added granola, chocolate chip cookies and Greek butter cookies called kourabiedes to her offerings.
Rita Magalde, above with her baklava, has added granola, chocolate chip cookies and Greek butter cookies called kourabiedes to her offerings.
Carlos Linares/Photo courtesy Rita Magalde

My Economy” tells the story of the new economic normal through the eyes of people trying to make it, because we know the only numbers that really matter are the ones in your economy.

In June 2020, Rita Magalde’s baklava business received an influx of orders after people found her company, Sheer Ambrosia, on a list of Black-owned businesses in Utah. Months later, many of those shoppers have become regular clients, leading to a very busy holiday season.

“I was completely swamped,” Magalde said. “I was working through the night for several weeks. From the time I got off my day job, I would work until 8 a.m., until I was signed back in to my day job.”

After the orders were completed, Magalde paid her regular bills, then realized she had saved up enough to make a down payment on a home. She had owned a home in the past but sold it in 2018 to grow her business and send one of her children to college debt-free.

“I immediately called my realtor,” Magalde said. “I said, ‘I’ve got the amount of money. What’s the next step?’ ”

Her realtor told her that COVID has driven up the house market in Utah, with homes selling for tens of thousands of dollars more than they’re worth. Magalde said her realtor told her she’d likely have to wait at least a few months.

“That is my main goal, to get into a home that I own,” Magalde said. “I don’t really care about anything else. I will continue to work hard and save, so when the time comes, I’ll be ready.”

Tell us about your economy:

Required

By submitting, you consent to receive information about American Public Media's programs and offerings. You may opt-out at any time clicking the unsubscribe link at the bottom of any email communication. View our Privacy Policy.

Related Topics

Collections: