UTAH

The municipality-owned network still struggles for financial footing

The chamber’s annual International Festival is designed to provide a forum for international businesses to share their expertise and services, as well as an opportunity to meet with Utah’s honorary consuls and experience international culture, music and cuisine.

The Utah Fund of Funds program invests in quality venture/private equity firms in Utah and throughout the U.S., which in turn explore investments in promising Utah companies.

"We’re really trying to build a regional economy. Economies don’t really know that there’s a county line."

"For the first time in our state’s history, we’re finally listening to what people are saying out there," Huntsman said. "We are providing incentives to local businesses that want to expand and grow like any other business. And in the past, there’s always been showing some sort of deference to those coming in from the outside."

"It showed we’re not just a windshield, drive-through state but a state I want to take my family to and stay as long as we can,"

"It’s like a blessing to come here."

Any startup or existing company headquartered in Utah is eligible to apply for a grant. One application per technology will be accepted, and companies cannot apply for more than one technology.

“Entrepreneurship is consistently the greatest accelerator of economic growth in Utah, and it is fitting that entrepreneurs played a key role in ensuring passage of this legislation.”

Utah Fund of Funds portfolio firms had invested $127 million in 25 Utah companies

In total, Utah FoF portfolio firms helped these Utah companies raise $365 million

These 25 companies have created a total of 1,006 jobs, with an annual average salary of $60,000 – far above the Utah average wage