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Various local and state incentives are offered to qualifying businesses with the purpose of expanding economic growth. The Heber Valley Economic Development Office is available to assist with any questions related to receiving incentives.
The Rural Employment Development Incentive (REDI) grant is designed for businesses creating new high-paying jobs in rural Utah communities. New jobs can be remote, online, in a satellite hub/office space, or physically located in the same county as the business. Based on the employee’s work location, a business may receive up to $6,000 for each new position.
Specific eligibility requirements exist. Learn more here: https://business.utah.gov/rural/rural-employment-development-incentive/
Are you seeking to expand or relocate your business in rural Utah? Incremental tax credits for new jobs paying above county average wage and capital investment tax credit, may eligible for tax incentives for businesses locating or expanding in enterprise zones in Utah.
Check out this map to see if your business is in an Enterprise Zone in Heber Valley.
For more information about qualifying businesses visit - Governor's Office of Economic Opportunity.
To promote local business expansion, Wasatch County participates in the Mountain Land Association of Governments' Revolving Loan Fund (RLF) program. The purpose of MAG's RLF is to create permanent, long-term jobs within the Mountainland region of Utah by providing “gap” and start-up financing to qualified businesses for eligible activities.
For more details on qualifications, eligibility and more click here.
Training or retraining employees can be a very difficult and costly experience. MTECH offers their Custom Fit program to help you train your employees on new processes, new equipment, and education. The program will cover a substantial portion of the expenses as well. Learn more about the Custom Fit Program here.
The mission of Utah Microloan Fund is to empower under-served communities in Utah by providing business training and funding to entrepreneurs in start-up & existing businesses that do not qualify for traditional funding sources. Utah Microloan Fund can provide up to $50,000 in loans to help out start up businesses. Visit Utah Microloan Fund to learn more.
