Utah Governor’s Office of Economic Development

• EDTIF Tax Credit
• Enterprise Zones
• Industrial Assistance Fund

• Recycling Market Development Zones
• Renewable Energy Development Incentive
• Rural Fast Track

The Governor’s Office of Economic Development (GOED) provides financial incentives for business relocation and expansion to select companies that create new, high-paying jobs that help improve the standard of living, diversify the state economy, increase the tax base, attract and retain top-level management, and encourage graduates of in-state universities to remain in Utah.

Incentives may be offered as either grants or tax credits. The incentive amount and duration is decided by the GOED Board and Executive Director based on statutory guidelines and evaluation criteria including the financial strength and historical stability of the company, the number and salary of jobs created, amount of new state tax revenue, long-term capital investment, competition with other locations, and whether the company is in a targeted industry.

All state incentives are awarded on a post-performance basis so that companies must meet specific milestones, including generation of new state tax revenue, before incentives are disbursed. This assures a positive “return on investment” to the State of Utah and its citizens.

Downloads

• Corporate Incentives Program Overview
• County Average Wages