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Utah

List of incentives available in this location for quick easy reference below.

Incentives

Table key

  • Incentive offered
  • Incentive not offered
  • Did not submit information
Cash grants/incentivesMore [+]Less [-]
  • Economic Development Tax Increment Financing (EDTIF) - Post-performance refundable tax credit for up to 30% of new state revenues: includes state corporate/partnership income, sales, and withholding taxes over the life of the project.
  • Industrial Assistance Fund (IAF) - A post-performance cash grant for the creation of high-paying jobs in the state.
  • Renewable Energy Development Incentive (REDI) - Post-performance refundable tax credit for up to 100% of new state revenues: includes state corporate/partnership income, sales and withholding taxes over the life of the project.
  • Rural Broadband Service Fund - A restricted account to be used for grants to providers for deploying broadband service in rural Utah.
  • Motion Picture Incentive Fund (MPIF) - The Motion Picture Incentive Fund attracts film production with a post-performance incentive of 20% of total dollars spent in the state in the form of a cash grant or refundable tax credit.
Tax exemptionsMore [+]Less [-]
  • The purchase of manufacturing equipment, including replacement equipment, may be exempt from sales tax.
Property assistance / other fiscal incentiveMore [+]Less [-]
  • Utah SURE Sites is Utah's only qualified sites program, designed to meet the needs of relocating and expanding business. The SURE Sites database includes some of the best site location opportunities in Utah along with critical information necessary to make sound real estate decisions.
Training and labor market assistanceMore [+]Less [-]
  • Custom Fit Training (administered through the local applied technology or community colleges) is available to qualified companies. Custom Fit training money is used to help companies train employees and is administered generally through state colleges and state applied technology centers.
  • Incumbent worker training may also be available for qualified companies.
Loan guarantees, cheap loans or financeMore [+]Less [-]
  • Private Activity Bond (administered by the Department of Community and Culture) The Private Activity Bond is Utah’s tax-exempt bonding authority creating a lower cost, long-term source of capital under the Federal Tax Act of 1986.
  • Local communities within jurisdictions may offer low rate revolving loan fund assistance.
Exemptions from regulations
Target sectorsMore [+]Less [-]
  1. Defense and Homeland Scecurity
  2. Energy & Natural Resources
  3. Software Development & Information Technology
Sectors specific incentivesMore [+]Less [-]
  • Economic Development Tax Increment Financing (EDTIF) - Post-performance refundable tax credit for up to 30% of new state revenues: includes state corporate/partnership income, sales, and withholding taxes over the life of the project.
  • Industrial Assistance Fund (IAF) - A post-performance cash grant for the creation of high-paying jobs in the state.
  • Renewable Energy Development Incentive (REDI) - Post-performance refundable tax credit for up to 100% of new state revenues: includes state corporate/partnership income, sales and withholding taxes over the life of the project.

Sponsorship

If you are the authorised promotions agency for Utah and would like to have your location highlighted on fDi Atlas, you can contact our sales team on + 44 (0) 207 775 6667 or contact us here.