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 Go Utah’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.