Appendix C: Rural Grant & Tax Credit Programs

Programs which support growth in rural communities and businesses

The Office of Rural Development (ORD) at the Governor’s Office of Economic Development (GOED) administers the following 10 community and business development grants and tax credits. The GRPB board has a statutory responsibility to review applications for the ORD programs listed in bold, and make recommendations to the ORD for program awards.

1. Business Expansion and Retention (BEAR)

2. Enterprise Zone Tax Credit (EZ)

3. Enterprise Zone Nonprofit (EZNP)

4. Recycling Market Development Zone Tax Credit (RZ) 5. Rural Coworking and Innovation Center (RCIC) 6. Rural Economic Development Incentive (REDI)

7. Rural Fast Track (RFT)

8. Rural Rapid Manufacturing (RRM)

9. Targeted Business Tax Credit (TBTC)

10. Utah Rural Jobs Act

Note: A 2019 report on all rural programs, including those that the GRPB board reviews, can be found (November 2019) at https://business.utah.gov/business-resources/publications/