Business Incentives


Click here for a PDF summarizing Utah's state and local incentive opportunities. Click on any of the following state incentives for additional information, applications, deadlines and legislation.

Economic Development Zone Tax Increment Financing (EDTIF) A post-performance tax rebate of new state revenues consisting of sales, corporate, and withholding taxes paid to the state.

Industrial Assistance Fund (IAF) A job- creation fund, established in 1991 to encourage the creation of good jobs in the State of Utah.

Economic Opportunities (EO) State-funded monetary assistance to projects furthering state economic interests.

Custom Fit Training Custom Fit training money is used to help companies train their employees and is administered generally through state colleges and state applied technology centers.

Enterprise Zones Under the program, certain types of businesses locating to, or expanding in a designated zone may claim tax credits provided in the law.

Private Activity Bond (PAB) The Private Activity Bond is Utah's tax-exempt bonding authority creating a lower cost, long-term source of capital under the Federal Tax Act of 1986.

Recycling Zones In 1996, the Utah Legislature created the Utah Recycling Market Development Zone Program which focuses on recycling as an economic development tool.

Rural Fast Track Program (RFTP) Small companies in Rural Utah may be eligible for incentives for creating high paying jobs.

Rural Broadband Service Fund A restricted account to be used for grants to providers for deploying broadband service in Rural Utah areas.

Film Incentives The Motion Picture Incentive Fund's purpose is to attract film production with a post-performance rebate plan.

Aerospace Aviation Tax Increment Financing (AATIF) The Aerospace Aviation Tax Incentive was created by the State of Utah Legislature in 2003 to encourage the development of the Aerospace Ecosystem.

EDCUtah Incentives and Finance Contact

Todd Brightwell
801-328-8824