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  1. The state’s growth, unparalleled quality of life, government support for small businesses, and access to startup networks and capital attract doers and innovative thinkers to Utah’s communities. In January 2023, WalletHub named Utah the No. 1 best state to start a business.

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      Business In Utah The 2024 Business In Utah magazine includes...

  2. Business In Utah The 2024 Business In Utah magazine includes articles highlighting important work done by the Economic Opportunity office and partners. It features Utah as the Startup State with its unparalleled quality of life, well-educated workforce, support for small businesses, and more.

  3. From one-on-one consulting to incubators and funding opportunities, resources and partners help entrepreneurs succeed in today’s competitive business environment. Here are a few partners supporting small businesses in Utah’s vibrant ecosystem. View the complete list here.

  4. 2 ημέρες πριν · A recent study found that Utah’s economy grew by 4.7% in the past year, outpacing the national average. This growth is driven by a mix of sectors including technology, healthcare, tourism, and education. Additionally, the state’s collaborative business culture and supportive infrastructure make it easier for small businesses to thrive.

  5. Utah's small businesses receive capital from lenders, and loan repayments help expand access to funding for even more companies statewide. USBCI contracts with Utah lenders, including: Banks; Community Development Financial Institutions (CDFIs) Credit unions; Economic Development Organizations (EDOS) with revolving loan funds; Nonprofit lenders

  6. Understanding small business funding is crucial as it allows business owners to explore various options to secure capital for their ventures. Funding sources include small business loans, grants, venture capital, angel investors, business competitions, and crowd funding.

  7. This initiative aims to help startups, small businesses, and entrepreneurs at every stage of business by unifying the state's entrepreneurial ecosystem, simplifying government processes and regulatory burdens, ensuring Utah’s economic opportunity is equitably shared, and making impactful investments into access to capital for Utah small ...

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