The Governor’s Office of Economic Opportunity is accepting applications through Sept. 15 for the Economic Assistance Grant program.
The Legislature has allocated $4.5 million to GOEO to administer the EAG. This grant is for one-time, project-based awards up to $200,000 and is designed to help Utah businesses in promoting and supporting economic opportunities in the state that provide services related to industry, education, community development or infrastructure. 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.
“GOEO awards grant opportunities such as the Economic Assistance Grant to support businesses at every stage of development,” said Jefferson Moss, GOEO’s executive director. “These funds help translate vision into reality by creating jobs, empowering small businesses, and strengthening Utah’s economy for long-term prosperity.”
The state prioritizes businesses with applications that develop one or more of Utah’s five targeted industries, identify clear metrics that will be used to measure success, demonstrate comprehensive planning of the project, leverage other funding sources and/or propose the use of matching funds, have sound organizational and project budgets, design projects that will be completed within 18 months of the award date, are registered and in good standing with the Utah Division of Corporations and Commercial Code, and have a principal place of business located in Utah.
The application portal will close at 5 p.m. Sept. 15. Applications can be filed at business.utah.gov/grants/eag/. Details are available via email at econgrants@utah.gov (include “Economic Assistance Grant” or “EAG” in the subject line).
“The Economic Assistance Grant positively impacts the state’s diverse business landscape, especially as it supports projects that contribute to growth in our targeted industries,” said James Dixon, GOEO director of community grants.