Business In Utah

Utah ranks among the top states for business and careers, entrepreneurs, personal income growth, family prosperity, and quality of life. In Utah, we’re focused on economic opportunity for entrepreneurs, companies, and all Utahns.

COVID-19 Pandemic

Learn more about what GOED is doing to assist small businesses during the COVID-19 pandemic.

For more information about coronavirus, please visit the state’s website.

If you have additional questions, please contact us.

COVID-19 Business Manual

The COVID-19 Business Manual is a step-by-step plan from the Utah Department of Health to protect your business and prevent the spread of COVID-19. The manual has up-to-date recommendations from the UDOH, CDC, OHSA, and U.S. Department of Labor.

Download PDF en Español

The ‘In Utah’ campaign is managed by the Utah Governor’s Office of Economic Development in partnership with Salt Lake City-based Rumor Advertising.

‘In Utah’ is a public information and education initiative funded with CARES Act money appropriated by the Utah Legislature (in H.B. 4001). This initiative encourages Utahns to shop and buy local goods, services and cultural experiences. It’s objective is statewide economic reactivation through the support of local businesses and nonprofits.

‘In Utah’ serves as an umbrella campaign for many COVID-19 pandemic response initiatives, supporting ‘Healthy In Utah’ and ‘Learn & Work In Utah’ (from H.B. 5010). Several other legislative special session initiatives are named after the state’s ‘In Utah’ campaign, including ‘Shop In Utah,’ ‘Safe In Utah,’ and ‘Create In Utah.’

InUtah.org

Business Elevated

In Utah, businesses benefit from the state’s friendly regulatory environment, and workers enjoy a unique quality of life. Here, you’ll experience both life and business elevated.

About Corporate Incentives

Industry professionals would likely characterize Utah’s approach to corporate recruitment as conservative. Unlike other states where large cash incentives are offered to bring out-of-state companies within their borders, Utah’s corporate recruitment incentive program is a post-performance state tax credit.

Although the tax credit is used to bring new businesses and high-paying jobs (at least 110% of the average county wage) to the state, since its 2005 inception, two-thirds of EDTIF recipients are Utah-based companies. The state’s incentive program is versatile, used to support local entrepreneurs and businesses with terms ranging up to 30% of state taxes paid for up to 20 years.

The state’s latest tax credit participants are featured in GOED’s newsroom. A complete list of EDTIF recipients is published here, with data that are searchable and sortable by every column. Utah-based EDTIF recipients are highlighted in the incented companies table.

Utah’s post-performance tax rebate model supports companies that are willing to invest, create high-paying jobs, and act as stewards of Utah’s vibrant economy.

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Workforce Development Utah leads the country in developing initiatives to address workforce needs and challenges. Learn More

Higher Education Utah’s educational institutions have developed practical and innovative approaches to educating the state’s continually growing workforce. Learn More

Arts & Cuisine Utah's outstanding scenic diversity is matched perfectly by the variety of dining and arts experiences. Read More

Business Story New York Times As ‘Unicorns’ Emerge, Utah Makes a Case for Tech Entrepreneurs Read More

Accolade Milken Institute What are the best-performing cities in America? Read More

Accolade Politico How Mormon Principles and Grassroots Ideals Saved Utah Read More

Accolade Travel & Leisure America’s Favorite Mountain Towns Read More

Accolade Forbes America's 25 Best Cities for Young Professionals Read More

Accolade Inc. 6 Best U.S. Cities to Start a Small Business Read More

The Best Place To Do Business

ECONOMIC REPORT TO THE GOVERNOR

Check-out the annual Economic Report to the Governor on the Kem C. Gardner Institute’s website.

POPULATION

How big is your pool of potential workers and consumers? Population counts (as estimated by the Utah Population Estimates Committee) by county and statewide, including component information such as births, deaths and net migration.

COUNTY AND STATEWIDE INFORMATION

County and Statewide Information — What’s the nature of the local economy? Economic and demographic information for Utah counties, including data on employment, population, job growth and industry mix.

LABOR FORCE

How competitive is the local job market? Labor force data, including employment and unemployment rates by county and statewide.

INDUSTRY EMPLOYMENT AND WAGES

How diversified is the local economy? Data on jobs and wages, categorized by industry (using the NAICS taxonomy) may be sorted statewide or by specific counties. Data is available by year and quarter (back to 2001).

OCCUPATIONAL WAGES

What will be your estimated labor costs? Wage information by occupation for Utah jobs at the statewide and selected sub-state areas.

Utah Economic Development Map

Locate.utah.gov can help businesses in their due diligence to find a property or building for their expansion or relocation to Utah. Enter an address or click on any location, and then hit the “Get Summary” button to find out everything you want to know about your next site.

ADDITIONAL RESOURCES

State Business Website
Starting a Business in Utah
Government Business Requirements
Utah Division of Occupational and Professional Licensing
State of Utah statistics and demographic resources
Firm Find
Business Entity Search