If you ve noticed a faster return to the so-called normal in the Beehive State, you re not wrong. While other states in the nation struggle to pick up the economic pieces after the pandemic s early destruction, Utah is recovering faster than expected. There are many different factors to thank for this swift recovery, including innovation from local businesses, the Governor s Office of Economic Development, legislators that have a business-positive approach, and grant programs from the Governor s Office of Economic Development.
These are just a few concrete ways Utah is the place to be for business especially right now.
Utah unemployment trending down, new jobs up
The additional
$50 million will go toward applicants who applied for funding beginning in October 2020 after the initial grant period had expired. In his prepared remarks, Sisolak said eligible businesses and non-profits can apply for up to $10,000 in direct grant funding that can be used for a wide range of expenses
Funding from the PETS grants can be spent on working capital such as rent, inventory, payroll and the like, personal protective equipment, and protective retrofit due to the pandemic, according to the Governor’s Office of Economic Development’s (GOED)
GOED is responsible for administering the program that will be overseen by the Interim Finance Committee. Any unspent funds will be reverted to the state’s general fund on or before September 17, according to the bill’s text.
SALT LAKE CITY Mark Moench said he had a very good experience with the production crews after Thousand Peaks Ranch was selected as a filming location for the popular television show Yellowstone.
Moench, the president of the Summit County ranch, said crews were respectful of the property and conducted business in a professional manner. But I was also impressed with how they expanded even beyond our property to other county locations within Summit County and even outside in what we call rural Utah, he said. Spending some money using local talent.
Now, following the loss of that film production, a Utah lawmaker wants the state to increase its cap on incentives given to film production crews.
https://www.afinalwarning.com/495181.html (Natural News) Own a large tech company and also want to form your own government to oversee it? Well, then come on down to Nevada, where Gov. Steve Sisolak is offering Big Tech corporations the opportunity to own and operate their own “smart cities” with almost no rules.
In an effort to jumpstart his state’s fledgling economy, which was all but completely destroyed by his oppressive Wuhan coronavirus (COVID-19) restrictions, Sisolak has announced a plan to launch “Innovation Zones” where technology firms will be allowed to set up their own governments, complete with school districts, government services, and even taxation schemes.
Regulatory sandbox bill would give Utah startups an opportunity to avoid regulation
News Highlights: Regulatory sandbox bill would give Utah startups an opportunity to avoid regulation
SALT LAKE CITY, Utah – A bill making its way through the Utah State Legislature would allow Utah start-ups to avoid the regulations for a limited time.
The hope is that this would allow new businesses to flourish and flourish without being held back by all the red tape.
House Bill 217 (HB217) focuses on creating a Regulatory Sandbox Program for Utah businesses.
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Allow start-ups to create new products without adhering to certain regulations
Let lawmakers change or remove rules that hinder start-ups