Small Business Grants From the Government in Utah

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Utah backs little business with a sequence of monetary help applications for business owners. The Utah state federal government grants money, business tax credits and other incentives to type, increase and increase little business in the state. The Governor's Workplace of Financial Growth has specialized groups to assistance organizations establish which method finest qualifies.

Centers for Excellence

The state gives dollar-to-dollar matching grants for little organizations that license, for Growth and sale, engineering produced at one of Utah's investigation universities. The business' cash ought to be from a non-mortgage resource: equity, personalized purchase, spouse cash and some other constrained resources. This grant is intended to offset production charges and grow work possibilities.

Governor's Workplace of Financial Improvement

324 S. State St., Suite 500

Salt Lake Metropolis, UT 84111

(801) 538-8700

(801) 538-8888

business.utah.gov

Rural Rapidly Track

Grants up to $50,000 in money are offered to rural little companies including new workers and having to pay wages exceeding the county's median cash. The method demands a twelve-month milestone evaluation, but basically pays from $1,000 to $1,500 per worker primarily based on salaries meeting or exceeding the county median cash. The optimum grant addresses over forty to 50 new workers. The higher the wage ranks over the median cash, the greater the money grant per worker.

Governor's Workplace of Financial Improvement

324 S. State St., Suite 500

Salt Lake Metropolis, UT 84111

801-538-8700

801-538-8888

Rural Rapidly Track Coordinators: 801-538-8804; 801-538-8638

business.utah.gov/

Renewable Power Growth Grant

Clear Power is a large area for modest companies. Utah encourages the Development with a Renewable Vitality Advancement Grant refunding 5 to ten years' really worth of all federal government taxes. Federal, state, and nearby business license charges are all counted. Organizations are grant-qualified with as couple of as two staff as lengthy as salaries are over county median amounts. The grant is "submit-functionality," that means it is awarded soon after the business is open and demonstrates employment demands have been met.

Governor's Workplace of Financial Improvement

324 S. State St., Suite 500

Salt Lake Town, UT 84111

801-538-8700

801-538-8888

Challenge Supervisor: 801-538-8743

business.utah.gov