Metrics & Data
BUSINESS EXPANSION AND RETENTION PROGRAM (BEAR Program) (U.C.A. 63N-3-103) The Business Expansion and Retention Program is designed to grow new and existing rural businesses, influence rural job creation, and increase economic diversity in rural regions by enhancing the level of technical services provided. The BEAR initiative is available to rural county economic development offices, Business Resource Centers, Small Business Development Centers and formal partnership consortiums directly involving these entities within the state for business training and skill development. BEAR actively reaches out to rural businesses and makes the connection between the company and needed existing resources from all agencies, higher education and other resources. BEAR is funded by the Industrial Assistance Fund.
Budget: Revenue
FY 2014
FY 2015
FY 2016
Beginning Balance
$747,200
$1,234,600
$1,094,500
Encumbered
$556,500
$325,000
$484,100
Expended
$190,700
$440,400
$360,900
Historical Data:
FY 2014
Total Awarded BEAR Funds
FY 2015
FY 2016
$191,700
$440,400
$360,900
Business visits
2,297
3,600
2,015
Unique business referrals
1,220
1,970
1,721
FY 2016 Grants by County
52
Sanpete — 6
Box Elder — 4
Wayne — 2
Grand — 1
Cache — 5
Emery — 2
Carbon — 1
Millard — 1
Morgan — 5
Sevier — 2
Duchesne — 1
Uintah — 1
Governor’s Office of Economic Development • 2016 Annual Report • www.business.utah.gov
