Utah Rural Jobs

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 One Pager (PDF)

Eligibility

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:

  • Aerospace
  • Agribusiness
  • Defense
  • Energy and natural resources
  • Financial services
  • Information technology
  • Life sciences
  • Manufacturing
  • 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.

Incentives

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
Bo Gustafsson
512-409-7011
bgustafsson@advantagecap.com
Damon Rawie
512-409-7012
drawie@advantagecap.com

Elevation Fund I, LLC
101 3rd Ave. SW., Suite 211
Cedar Rapids, IA 52404
Ryan Barton
rbarton@communityimpactfund.com
(319) 389-6439

Enhanced Capital Utah Rural Fund, LLC
201 St. Charles Avenue, Suite 3400
New Orleans, LA 70170
Shane P. McCarthy
smmccarthy@enhancedcapital.com
(504) 569-7909