Utah Resources Page
Inward Investment Guides

Washington, D.C., Tops 2011 List of "Best Cities for Business"

Wall Street Journal MarketWatch (12/19/2011)
Washington, D.C., tops the 2011 list of 102 metro areas identified in the "Best Cities for Business" MarketWatch study published by the Wall Street Journal. This is the second straight year the nation's capital has taken the first-place position in the study's five-year history. More

Utah Direct Financial Incentives 2011

Area Development Online Research Desk (March 2011)
Utah's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. Specific programs include the Utah Department of Workforce Services (DWS), Workforce Investment Act (WIA), and the Short-Term Intensive Training (STIT). More

Utah Basic Business Taxes 2011

Area Development Online Research Desk (March 2011)
Utah’s economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. Specific programs include research tax credits, property tax inducements, and corporate income and franchise taxes. More

Utah: Garnering Attention for Pro-Business Reputation

Mary Lou Byrd (Dec/Jan 10)
Several publications and industry analysts have placed Utah in their lists of top state in which to do business. More

Utah Attracts Investment, Educated Work Force With Science Initiatives, Outdoor Sports Niche

Mali R. Schantz-Feld (Dec/Jan 09)
The Utah Science, Technology and Research Initiative (USTAR) is “recruiting great minds to develop and commercialize technologies to Utah. More
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Studies/Research
News Items
 
Around The Web
 
Studies/Research

utah at a glance

POPULATION: 2,835,864 (2009)

LABOR FORCE: 1,163,794 (2010)

RIGHT TO WORK: Yes

TRADITIONAL INDUSTRIES: Manufacturing, mining, government, agriculture

EXPANDING INDUSTRIES: Life sciences, healthcare, outdoor products/recreation, advanced composites, autonomous vehicles, renewable energy, financial services, digital media

COLLEGE GRADUATES: (Age 25 and over) 35.6%

BASIC BUSINESS TAXES:
Corporate Income and Franchise Tax: 5 percent

Sales and Use Tax: 5.75–7.25 percent

Property Tax: Statewide property tax per capita of 2.4 percent

BUSINESS INCENTIVES
Commonly used incentives:

• Economic Development Zone tax increment financing

• Industrial Assistance Fund (IAF)

• Rural Fast Track Program (RFTP)

• Enterprise zones

Specialty incentives:
• Renewable Energy Development Incentive (REDI)

• Custom Fit Training Program

• Economic Opportunities (EO)

• Film incentives

• Private activity bonds (PABs)

• Recycling zones

• Manufacturing equipment sales tax exemption

• Short-term intensive training/ incumbent worker training

• Workforce Investment Act (WIA)

• Industrial development bonds

• Aerospace tools tax exemption

Principal Manufacturing industries

  • Food & Kindred Products
    14.0%
  • Fabricated Metal Products
    13.3%
  • Computer & Electronic Products
    12.9%
  • Transportation Equipment
    10.3%
  • Printing & Related Products
    7.4%
  • Chemical Products
    7.2%
  • Furniture & Related Products
    6.0%
  • Nonmetallic Minerals, Petroleum, & Coal Products
    4.9%
  • Machinery
    4.7%
  • Plastics & Rubber
    3.5%
  • Other Manufacturing Industries
    15.8%