The Governor's Office of Economic Opportunity board — identified in H.B. 348 as the Business and Economic Development Subcommittee of the Unified Economic Opportunity Commission — includes up to nine members appointed to four-year terms by Gov. Cox with the consent of the Senate. Membership comprises five leaders associated with a targeted industry, one associated with the state's rural communities, one associated with direct entrepreneurship in the state, one associated with higher education in the state, and one at large member.

The board promotes and encourages economic opportunity for all Utahns and the state’s commercial, financial, industrial, agricultural, and civic welfare.

Board members also advise office staff on the development, attraction, retention, and expansion of Utah’s businesses, industries, and commerce.

The board generally meets on the second Thursday of the month at the Governor’s Office of Economic Opportunity at 60 East South Temple, Suite 300, Salt Lake City, Utah 84111. Board meetings follow Utah's public meeting policy.