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In a state where 24 of the 29 counties are considered rural, the Utah Center for Rural Development is critical in driving economic growth through tailored programs that support job creation, infrastructure expansion, and business recruitment. As part of the…

In collaboration with the Lassonde Entrepreneur Institute, the Startup State Initiative has introduced the Get Started: Business Idea Challenge to support aspiring entrepreneurs across Utah. This new initiative offers up to $500 in non-equity funding to help founders develop their…

Funding is crucial to move any business or product from the idea stage to revenue. While there are many ways to acquire financing, the best option depends on the entrepreneur’s needs and business model. Grants Grants can be a valuable…

Utah’s APEX Accelerator program empowers small businesses to enter the complex world of government contracting. By working with the U.S. Department of Defense and the Governor’s Office of Economic Opportunity, APEX assists startups in getting their innovative products and services…

The Utah Small Business Credit Initiative, managed by the Governor’s Office of Economic Opportunity, is a state program funded by the U.S. Treasury to improve access to capital for small businesses across Utah. Designed to assist rural, underserved, and disadvantaged…

In its simplicity, crowdfunding is a way to acquire capital by pooling small contributions from many individuals online, helping innovators turn ideas into market-ready prototypes without relying solely on traditional financing.  Projects are showcased on platforms where backers may receive…

Two of Utah’s premier angel investor groups, Park City Angels and Salt Lake City Angels, are pivotal in bolstering the state’s entrepreneurial ecosystem. By providing capital, mentorship, and strategic guidance, these organizations support early-stage companies poised for innovation and growth.…

Grants can be a key strategy for small businesses to secure funding without taking on debt. There are many grant opportunities, but finding them can be a significant challenge. Although the idea of “free money” sounds appealing, the investment is…

Utah is known for its thriving economy and supportive business environment, with numerous resources from the public and private sectors to support growth. Initially authorized in 2005, the Utah Legislature created the Economic Development Tax Increment Financing (EDTIF) program, a post-performance…

Funding is essential for entrepreneurs, particularly those conducting research and development for innovative deep-tech products. Often, these companies have extended timelines and require significant capital for commercialization. Fortunately for local startups, the Utah Innovation Center provides a funding pathway through…