Utah Rural Jobs
The Utah Rural Jobs program enables eligible small businesses in a rural county to expand and create high-paying jobs by providing flexible and affordable capital to small businesses in these areas.
Eligibility
Small businesses eligible for the Utah Rural Jobs program must be located in a rural Utah county and fall within the following industry types:
- Aerospace
- Agribusiness
- Defense
- Energy and natural resources
- Financial services
- Information technology
- Life sciences
- Manufacturing
- Outdoor products
- Software development
Eligible small businesses must also:
- Have fewer than 150 employees, and have less than $10 million in net income for the preceding taxable year.
- Conduct principal business operations in Utah; 60% of employees must be in the state or within 180 days after receiving the investment from the rural investment company.
- The Utah Rural Jobs Program is available to start-up companies.
- Note: The small businesses work directly with a rural investment company to secure a potential investment and not with the state of Utah. All terms and conditions related to a potential investment are strictly between the small businesses and the rural investment company.
Incentives
Eligible small businesses may receive up to $5,000,000 in capital, via a loan, from an approved rural investment company.
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 funding options.
Utah Rural Jobs Program Authorized for the 2023 Rural Investment Companies
This list includes companies that assist in business development and expansion needs.
Advantage Capital Utah Partners II, LLC
909 Poydras Street, Suite 2230
New Orleans, LA 70112
Michael T. Johnson
(504) 522-4850
mjohnson@advantagecap.com
Mary Beth Maygarden
(504) 522-4850
mmaygarden@advantagecap.com
Enhanced Capital Utah Rural Fund II, LLC
201 St. Charles Avenue, Suite 3400
New Orleans, LA 70170
Mark R. Slusar
mslusar@enhancedcapital.com
(202) 951-1451
Stonehenge UT Rural Fund I, LLC
236 Third Street
Baton Rouge, LA 70801
Stephen C. McLachlan
scmclachlan@stonehengecapital.com
(720) 882-0081
Utah Rural Jobs Subsidiary Fund, LLC
3299 K Street NW, Suite 700
Washington, DC 20007
Jabari Johnson
(202) 448-0142
jjohnson@tbco.biz
Ryan Congrove
(614) 595-5831
RCongrove@tbco.biz
Utah Rural Jobs Program Authorized for the 2017 Rural Investment Companies
Elevation Fund I, LLC
101 3rd Ave. SW., Suite 211
Cedar Rapids, IA 52404
Ryan Barton
(319) 389-6439
rbarton@communityimpactfund.com