Local Business Incentives

Enterprise & Recycling Zones, HUBzone, Industrial Assistance Fund, Custom Fit Training, Revolving Loan Fund & Targeted Business Assistance Fund.

What is an Enterprise Zone?

Taxcredit

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

Enterprise Zone Information

What is a Recycling Zone?

Recycle

Eligible recycling businesses that are located in designated Recycling Market Development Zones qualify for tax credits.

Zones: Ephraim, Gunnison, and County Commercial Zones.

Recycling Zone Information

What is a HUBZone?

Hubzone

The HUBZone Program stimulates the economy by providing Federal contracting preferences to small businesses with HUBZone certificaton. Ephraim City is designated as a HUBZone.

HUBZone Information

Rural Fast Track Program?

Iaf

The program provides an efficient way for existing, small companies to receive incentives for creating high paying jobs in rural Utah and to further promote business and economic development. Sanpete Businesses have already received thousands of dollars in assistance.

Fast Track Information

EDTIF Tax Credit?

Edtif

The 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). It is available to companies seeking relocation and expansion of operations to the State of Utah.

EDTIF Information

Custom Fit Training?

Cftlogo

Although providing effective training is always a good long-term investment, needed training may not always be affordable. Custom Fit Training provides grant money to assist in employee training.

Custom Fit Training Information

What is M.E.P?

Mep

The Manufacturing Extension Partnership (MEP) is a non-profit organization chartered with raising the level of competitiveness, performance, and profitability of Utah’s manufacturers.

M.E.P Website

Six County Business Loan Programs

Revolving Loan Fund (RLF)

The Purpose of the RLF Program is to create permanent, long-term jobs within the Six County region by providing “gap” financing to new or expanding businesses for eligible acitivites.

RLF Brochure       Loan Application

Targeted Business Assistance Fund (TBAF)

The purpose of the Targeted Business Assistance Fund is to encourage economic development for start-up and expanding businesses by utilizing vacant buildings or targeted locations throughout the Six County region for primary business locations.

TBAF Brochure

For more information on the above loans call Kevin at 435-835-4321

For Business Relocation Information Contact:

Sanpete County Economic Development     Phone: 435-835-4321      
kevin@sanpete.com

Other Investment Groups

Angel and Venture Capital in Utah

City Land Use Maps:

Fairview     Mt. Pleasant     Moroni    Manti     Gunnison     Centerfield     Ephraim

Agriculture Protection Area

What is an Agriculture Protection Area?
Agriculture Protection Area Map (east of Mt. Pleasant)