Home > U.S. Domestic Atlas > Utah

Welcome to Utah on Business Facilities Online

UTAH Fast Facts

• Population (2006): 2,550,063
• Largest Cities (2006): Salt Lake City, 178,858; Provo, 113,984; West Valley City, 119,841; West Jordan, 94,309; Orem, 90,857
• Targeted Industries: Life sciences, software development and information technology, aerospace, defense and homeland security, financial services, energy and natural resources, nanotechnology, advanced manufacturing, logistics and distribution centers

• Key Incentives: Industrial Assistance Fund, Rural Fast Track Program, Motion Picture Incentive Fund, Private Activity Bond, Economic Development Zone Tax Increment Financing

UTAH State Incentives

The Economic Development Tax Incentive is a tax rebate of new revenues consisting of state sales, corporate, and withholding taxes for companies seeking relocation and expansion of operations to Utah. The maximum rebate allowable is up to 30% and is awarded on a post-performance basis for up to 10 years. New jobs created must pay 125% higher than county median wages within urban communities or 100% of county median for rural.

The Industrial Assistance Fund (IAF) is a job-creation incentive fund available to companies seeking relocation and expansion of operations to Utah. The IAF provides grants for the creation of jobs paying higher than prevailing wages within the community. Grant disbursements are made on a post- performance basis after jobs have been created and retained.

The Utah Aerospace/Aviation Tax Increment Fund was created by the Utah Legislature in 2003 to encourage the development of the Aerospace Ecosystem. Rebates are awarded based on new state revenues consisting of sales, corporate, and withholding taxes paid to the state. The incentive is available to aviation- and aeronautics-related companies seeking relocation and expansion of operations to Utah. The maximum rebate allowable is up to 30% and is awarded on a post-performance basis for up to 10 years. New jobs created must pay 125% higher than county median wages within urban communities or 100% of county median for rural.

Business Facilities articles covering Utah

Utah Press Releases

Business Facilities sponsors click here to post news on this page.