Utah is known for its business-friendly environment and unparalleled access to the great outdoors.
Go Utah’s Corporate Retention and Recruitment team provides financial incentives for local and out-of-state companies seeking to expand or relocate to Utah. Incentives are available to select companies that create new, high-paying jobs that improve quality of life, increase the tax base, and help diversify the state’s economy
Two Legislature-authorized post-performance incentive programs help Utah-based companies succeed in today’s competitive marketplace.
EDTIF
Go Utah’s Economic Development Tax Increment Financing program helps foster and develop key industry sectors in the state, provide additional employment opportunities, and improve the state’s economy
Incentives are offered as tax credit rebates or grants. They’re disbursed after the company meets contractual performance benchmarks such as job creation, new capital expenditure, and payment of state taxes.
The tax credit is a post-performance, refundable tax credit rebate for up to 30% of new state revenues (sales, corporate, and withholding taxes paid to the state) over the life of the project (up to 20 years, but typically 5-10 years).
