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Enterprise Zone Administration: Enterprise Zones offer tax credits for job creation and investment in plant and equipment by businesses locating their boundaries. Twelve new zones were designated during fiscal year 2000 increasing the total to thirty-one zones statewide. Enterprise Zones are key elements in helping rural Utah to market itself for business development.
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Rural Issues: The office partners with the Utah Rural Development Council and the Rural Summit to promote rural Utah as a good place for business growth.
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Recycling Market Development Zones Administration: Recycling Market Development Zones offer tax credits to recycling businesses for investment and job creation. There were $13.3 million in new investments and 14 recycling zones designated statewide during fiscal year 2000. Marketing efforts included technical assistance, recycling business assistance through Environmental Protection Agency grant program, and various workshops and conferences.
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Statewide Economic Development Professional Training Program: Training opportunities were provided for local economic development professionals in partnership with the Utah Alliance for Economic Development and Utah Small Cities. Six training sessions were held around the state during fiscal year 2000.
Partnerships The Business Development Office partners with several important organization in its efforts to grow Utahâs economy. Key alliances include: Mountain West Venture Group, Utah Information Technology Association, Utah Life Sciences Association, Utah Business Resource Network, Chambers of Commerce statewide, Custom Fit Training program, and the Vest Pocket Coalition of Utah.
Mission The Business Development program promotes the vitality, expansion, and retention of Utah businesses.
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