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Incentives

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  • Economic Development Zone Tax Increment Financing (EDTIF)
    A post-performance refundable tax credit 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

  • 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.

  • Economic Opportunities (EO)
    State-funded monetary assistance to projects furthering state economic interests.
     
  • 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.
     
  • Recycling Zones
    In 1996, the Utah Legislature created the Utah Recycling Market Development Zone Program which focuses on recycling as an economic development tool.

  • 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.
     
  • 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.  

  • 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.