Utah-based businesses continued to outperform and increase investments in the state during the 2024 fiscal year. The Governor’s Office of Economic Opportunity noted the average capital expenditure per project rose compared to typical years due to increased investments in targeted industries like aerospace, information technology and advanced manufacturing. Between July 2023 and June 2024, 20 companies participated in the state’s tax credit program, making more than $2.4 billion in capital investments and creating more than 8,500 jobs. State officials note these companies will pay more than $6.2 billion in state wages over the next 20 years.
Economic Development Tax Increment Financing (EDTIF): Offers a refundable tax credit for up to 30% of new state revenues over the life of the project, up to 20 years.
Rural Economic Development Tax Increment Financing (REDTIF): Offers a refundable tax credit of 30% and in specific instances up to 50% of new state revenues for up to two years.
Industrial Assistance Account (IAA): Offers a grant to provide assistance to companies that plan to make a significant economic impact to the state in strategic areas where infrastructure or talent development needs can contribute to greater economic benefits to the region or statewide.
Tax Increment Financing (TIF): Offers incentive dollars generate through the creation of a new “property tax increment” that a development will generate.
business.utah.gov
edcutah.org
slc.gov/ed
provo.org/departments/economic-development
In April 2024, the Governor’s Office of Economic Opportunity announced the launch of the Startup State Initiative. The initiative and website aims to support
startups, small businesses and entrepreneurs by unifying the state’s entrepreneurial resources. It features things like a step-by-step business journey guide, a resource filter and a business plan generator along with a system to connect entrepreneurs to resources and opportunities.
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
