Rural Business Programs & Incentives
Posted: Jun 18, 2019
The Rural Development team supports GOED’s overall mission “to enhance quality of life by increasing Utah’s revenue base and improving employment opportunities” by connecting directly with rural businesses. The office offers a variety of resources, including state tax credits through the Enterprise Zone, Targeted Business Tax Credit, Non-Profit Tax Credit and the Recycling Market Development Zone. The Rural Fast Track grant offers a unique opportunity to rural companies who are investing in their businesses and hiring new employees. The new REDI Program gives grants to businesses creating new positions in small rural counties, providing opportunities for online remote workers. Additionally, in 2018, the Utah Rural Jobs Program will grow rural companies by working with select “Rural Investment Companies” to infuse capital into the business.
The Office of Rural Development also supports rural economic development through the Business Expansion & Retention (BEAR) Grant Program. This program is designed to assess the needs of local businesses and to address unique economic opportunities. It is offered to local economic development professionals in county and city economic development departments, Chambers of Commerce, Small Business Development Organizations, Native American Tribes and other regional economic development organizations.
Is your rural business primed for growth? The Office of Rural Development supports your business by providing expertise, making connections with business development partners, and offering programs that can make a difference!