- The Economic Development Tax Increment Financing (EDTIF) tax credit is a post-performance, refundable tax credit for up to 30% of new state revenues (sales, corporate, and withholding taxes paid to the state) over the life of the project (typically 5-10 years). The incentive is available to Utah companies and others seeking to relocate or expand operations to Utah.
- New Market Tax Credit attracts private capital investment in areas in need of job growth and economic opportunities.
- Governor’s Office of Economic Opportunity issues tax credits to qualifying technology and life science investors.
- Industrial Assistance Account is a post-performance grant for the creation of high-paying Utah jobs—with a focus in urban counties.
