Center for Rural Development
Rural Business Programs & Incentives
For more information about the Center for Rural Development’s programs, download this PDF.
The Center for Rural Development offers seven programs that enhance economic opportunity and development in rural Utah. From tax credits to grants, there's a wide variety of programs to help businesses prosper.
Please review the following programs to see which would most benefit your company and project. Also, feel free to contact firstname.lastname@example.org with any questions.
Are you seeking to expand or relocate your business in rural Utah?
Incremental Tax Credits for New Jobs Paying Above County Average Wage and Capital Investment Tax Credit
These tax credit may be claimed by eligible businesses locating or expanding in enterprise zones on Utah state income tax forms.
Please contact Jim Grover (email@example.com) or download this PDF for more information about applying for Enterprise Zone Tax Credits and Job Creation Tax Credits.
- A maximum of 30 full-time positions per tax year
- A $750 tax credit for each new full-time position created above the subsequent taxable year full-time positions.
- An additional $500 tax credit if the new position pays at least 125% of the county average monthly wage for the respective industry (determined by the Utah Dept. of Employment Security). In the event this information is not available for the respective industry, the position must pay at least 125% of the total average monthly wage in the county.
- An additional $750 tax credit if the new position is in a business that adds value to agricultural commodities through manufacturing or processing.
- An additional tax credit of $200 may be claimed for each new full-time employee position created within the enterprise zone that is filled by an employee who is insured under an employer-sponsored health insurance program if the employer pays at least 50% of the premium cost for the year for which the credit is claimed.
Other tax credits:
- A tax credit (not to exceed $100,000) of 50% of the value of a cash contribution to a 501(c)(3) private nonprofit corporation engaged primarily in community and economic opportunity and is accredited by the Utah Rural Development Council.
- A tax credit of 25% of the first $200,000 spent on rehabilitating a building that has been vacant for at least two years, and which is located within an enterprise zone.
- an annual investment tax credit may be claimed in an amount equal to 5% of the first $750,000 qualifying investment in plant, equipment, or other depreciable property.
Non-refundable tax credits are available to eligible businesses in designated enterprise zones from the start of the tax year in which the designation is made. Unused credits may be carried over for three years. Businesses closing operations in one rural area to locate in another rural area may not claim tax credits under this program. Construction jobs are not eligible for tax credits. Retail businesses and public utilities are not eligible to claim tax credits.
To apply for the Enterprise Zone Tax Credits use our online application:
- Enterprise Zone Tax Credit – Employee Credit Application ’19, ’20 & ’21
- Enterprise Zone Tax Credit – Capital Investment Credit Application ’19, ’20 & ’21
- Enterprise Zone Expiration and Contact List
- Utah Enterprise Zones Map
Frequently Asked Questions (FAQ): Answers to Frequently Asked Questions are in general and may change depending upon the circumstances of the situation. Neither the Utah State Tax Commission nor the Governor’s Office of Economic Opportunity prepare returns for taxpayers and cannot advise taxpayers to the extent we are not their accountants or legal representatives.
For more information about tax credits, please contact: Utah Tax Commission Technical Research Unit Taxpayer Services Division 210 North 1950 West Salt Lake City, Utah 84134 Telephone: (801) 297-2200 Fax: (801) 297-7574 firstname.lastname@example.org
The Rural County Grant program empowers rural county governments to take responsibility for their economic development planning, projects, and activities.
The Rural County Grant Program encourages counties of the third, fourth, fifth, or sixth class designations to apply for the grant to manage their unique economic opportunities. The program addresses business recruitment, workforce training and development, infrastructure and capital facilities improvements, and other specific county needs.
Funding available includes:
- Part A: Annual Distribution—grant funding of up to and including $200,000 annually, distributed equally to each qualifying rural county
- Part B: Competitive Award—grant funding, obtained by competitive application, which exceeds the $200,000 Annual Distribution, up to an overall amount not to exceed $800,000 per year for a single county
The application process for Part A is now open. Questions should be directed to email@example.com.
In order to qualify for the new fiscal year grant, a county must first comply with annual reporting requirements from the previous year’s funding distribution. As a result, we have established a two-step process—first, annual reporting; and second, application for the new fiscal year grant.
All requirements for completion of the annual report are available here.
Once you have submitted your completed report, the Center for Rural Development will be notified, and will review the report for compliance. You will then be given access to the application portal wherein you will apply for FY2022 grant funding.
FY 2021 Annual Report Submission Deadline: September 1st
FY 2022 Rural County Grant Program Part A Application Deadline: October 1st
Click here to watch the FY 2022 Rural County Grant Program Webinar.
Working remotely in rural Utah allows individuals to live, work and play where they love. Opportunities like these are made possible with the robust broadband infrastructure in rural Utah. Watch a short video about one Uintah Basin success story here.
The Rural Economic Development grant incentivizes businesses up to $250,000 for new positions created in rural Utah counties.
What is the Rural Economic Development Incentive (REDI) Grant?
The Rural Economic Development Incentive (REDI) program is designed for businesses creating new high-paying jobs in rural Utah counties or all Utah counties except Salt Lake, Utah, Davis, Weber, Washington, Cache, Tooele, and Summit counties. These jobs can be remote, online, or in a satellite hub/office space, or physically located in the same county as the business. For each new position, the business will receive $4,000 to $6,000 based on the employee’s location.
Any business other than those primarily engaged in construction, retail, staffing or public utility industries are encouraged to apply. A business considering the REDI grant must apply for and receive approval through the Utah Governor’s Office of Economic Opportunity (Go Utah) in advance of creating any new position(s) which meets the following requirements:
- Will exist for at least 12 consecutive months
- Pays at least 110% of the county’s average wage
- Is filled by an employee who works at least 30 hours per week or that meets the customary practices by that industry as full-time standards
A business entity may qualify for up to $250,000 in rural employment expansion grants each fiscal year.
A business entity that has received a REDI grant may concurrently apply for or receive another Go Utah grant or incentive.
Potential Allocation Award Amounts:
- $4,000 for each new full-time employee position in a county where the average county wage is equal to or greater than the state average wage
- $5,000 for each new full-time employee position in a county where the average county wage is between 85% and 99% of the state average wage
- $6,000 for each new full-time employee position in a county where the average county wage is less than 85% of the state average wage
The purpose of the Targeted Business Tax Credit (TBTC) program is to encourage private investment and the creation of jobs in rural Utah counties with populations less than 25,000. This is an annual program, and the application process opens on January 1 of each year.
What is the Incentive?
The Governor’s Office of Economic Opportunity (Go Utah) may award up to $300,000 of Targeted Business Tax Credits, with no more than $100,000 being allocated to one project, to businesses with eligible Community Investment Projects (CIP).
The TBTC is a post-performance refundable tax credit. Post-performance means the application, notice of award and contracting with Go Utah take place prior to project commencement. The company then applies to Go Utah for the TBTC tax credit certificate once the capital investment/project and high paying jobs benchmarks/commitments are met.
For more information:
Targeted Business Tax Credit (TBTC) - Credit Request Form
Learn more about the TBTC — download the one-page document.
Questions? Contact firstname.lastname@example.org
The Utah Rural Jobs program enables an eligible small business located in a rural county to expand and create high-wage jobs by providing flexible and affordable capital to small businesses in these areas.
Utah Rural Jobs Program
The Utah Rural Jobs Program supports growth and expansion of eligible small businesses by providing flexible and affordable capital.
Who is eligible?
Small businesses eligible for the Utah Rural Jobs program must:
Be located in a rural Utah county
Fall within any of the following industry types:
- Energy and natural resources
- Financial services
- Information technology
- Life sciences
- Outdoor products
- Software development
Have fewer than 150 employees, and have less than $10,000,000 in net income for the preceding taxable year.
Conduct principal business operations in the State of Utah; 60 percent of total employees must be in the state currently, or within 180 days after receiving the investment from the Rural Investment Company.
The Utah Rural Jobs Program is available to start-up companies.
Please note that small businesses will work directly with a Rural Investment Company to secure a potential investment and not with the State. All terms and conditions related to a potential investment are strictly between the small businesses and the Rural Investment Company only.
Eligible small businesses may receive up to $5,000,000 in capital via a loan from an approved Rural Investment Company (see list below) for business development and expansion needs.
If your business fits the above parameters, and you are ready to expand, please contact the following Rural Investment Companies directly to learn more about their funding options
Utah Rural Jobs Program Authorized Rural Investment Companies:
Advantage Capital Utah Partners I, LLC
909 Poydras Street, Suite 2230
New Orleans, LA 70112
Elevation Fund I, LLC
101 3rd Ave. SW., Suite 211
Cedar Rapids, IA 52404
Enhanced Capital Utah Rural Fund, LLC
201 St. Charles Avenue, Suite 3400
New Orleans, LA 70170
Shane P. McCarthy
To learn more about programs refer to the videos.
Rural Coworking & Innovation Center Grant
Learn about the Rural Coworking & Innovation Center grants in this webinar. (Mar. 11, 2021)
2021 Legislative Update
Learn about the happenings of the 2021 Legislative session as it relates to rural Utah in this webinar. (Feb. 10, 2021)
Department of Workforce Services
Learn about the Utah Department of Workforce Services in this webinar. (Dec. 3, 2020)
Utah Office of Outdoor Recreation Grants
Learn about the Utah Office of Outdoor Recreation in this webinar. (Nov. 12, 2020)
Department of Energy Programs, Incentives and Initiatives
Learn about the Department of Energy in this webinar. (Oct. 1, 2020)
Department of Workforce Services, Housing & Community Development
Learn about the Community Development Office in this webinar. (Sept. 3, 2020)
Utah Industry and Innovation Center
Learn about the opportunities for your business from the Utah Industry and Innovation Center webinar. (Aug. 11, 2020)
Rural County Grant Program
Learn about the Rural County Grant Program Application by watching this webinar. (June 4, 2020)
View the most recent information about the Rural Economic Development Incentive Grant by viewing this webinar. (May 1, 2020)
Rural funding opportunities for small businesses during the coronavirus pandemic.
Find out more about rural funding opportunities for small businesses by watching this webinar. (April 23, 2020)
Opportunity Zones Update
Learn about Utah Opportunity Zones with Patrick Mullen by watching this video. (March 9, 2020)