The Economic Assistance Grant Program assists Utah businesses in promoting and supporting economic opportunities in the state and provides services related to industry, education, community development, or infrastructure.
Donor Name: Utah Governor’s Office of Economic Opportunity
State: Utah
County: All Counties
Type of Grant: Grant
Deadline: 08/15/2024
Size of the Grant: $100,000 to $500,000
Grant Duration: 2 Years
Details:
Based on the categories stated above, grant prioritization includes:
Projects focused on developing Utah’s five targeted industries: Advanced Manufacturing, Aerospace & Defense, Financial Services, Life Sciences & Healthcare, and Software & IT.
Funding Tiers
Funding tiers are set to encourage applications from businesses of all sizes, with project budgets and grant requests both small and large. EAG tiers include:
- Tier 1 – For grant requests up to and including $50,000.
- Tier 2 – For grant requests greater than $50,000, up to and including $100,000.
- Tier 3 – For grant requests greater than $100,000, up to a maximum award of $200,000.
Project Period
Project can be completed within 18 months from the award date.
Criteria
For this grant, a business is defined as a for-profit or nonprofit entity. Government entities are not eligible to apply. To qualify for this grant, an applicant’s principal place of business must be in Utah, and the applicant must be registered and in good standing with the Utah Division of Corporations and Commercial Code.
For more information, visit Utah Governor’s Office of Economic Opportunity.
