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Expand or Relocate to Utah
      

Utah Business Data

Relocate or Expand to Utah

UT business climate, manufacturer incentives, and advantages of local communities

Business Data for Utah


Population
2,784,572

Total Labor Force
1,574,559

Unemployment Rate
3.4%

# Manufacturers
3,250

Manufacturing Jobs
158,552

Right to Work
Yes

Unemp. Insurance Tax
0.4–10.4%


Manufacturing stats updated on 3/6/2018. All other data updated on 11/13/2017. IndustryNet is not responsible for errors or omissions.
 
Corporate Income Tax
5%

Sales Tax
5.9%- 8.05%. Exemptions include: Eligible manufacturing equipment and replacement equipment.

Property Tax
State average equals 1.1%. Local governments may assess additional taxes. Commercial and business personal properties are assessed at 100% of Fair Market Value. Goods used by manufacturers and wholesalers for processing and sale in Utah are exempt from ad valorem tax.

Leading Mfg. Industries
(by # of employees)
12% Food and kindred products
11% Chemicals and allied products
11% Electronic and other electric equipment
9% Instruments and related products
9% Fabricated metal products

Largest Mfg. Employers
(by # of employees)
Vivint, Inc. (Lehi) - 5,000
L-3 Technologies, Inc. (Salt Lake City) - 4,300
ICON Health & Fitness, Inc. (Logan) - 2,100
Merit Medical Systems, Inc. (South Jordan) - 2,000
Kennecott Utah Copper Corp. (Bingham Canyon) - 2,000
 
Counties with the Most Mfg. Jobs
Salt Lake - 89,069
Utah - 36,647
Weber - 16,827
Davis - 13,259
Cache - 12,770

Cities with the Most Mfg. Jobs
Salt Lake City - 61,445
Ogden - 16,554
Lehi - 12,414
Logan - 8,944
Clearfield - 6,196

Mfg. Related Business Incentives
• Economic Development Tax Increment Financing (EDTIF) Credit (For companies expanding or relocating to Utah)
• Enterprise Zones
• Industrial Assistance Funds
• Capital Gains Tax Credit
• Investment Tax Credit
• New State Revenues Tax Credit
• Renewable Energy Development Incentive
• Rural Fast Track (RFT) Grant
• Industrial Revenue Bonds (IRBs) and Industrial Development Bonds (IDBs)
• Qualified Energy Conservation Bonds
• REDI (Renewable Energy Development Incentive)
• Research Tax Credit
• Custom Fit Training Program
• Revolving Loan Funds (RLFs)
• Tax Increment Financing
• Foreign Trade Zones
• Employee recruiting, screening and training through the Utah Dept of Workforce Services (DWS)
• Private Activity Bonds (PABs)
• Utah Microenterprise Loan Fund (UMLF)

Economic development agencies, chambers of commerce, and other organizations & businesses available to assist with your relocation to or from Utah

Topeka, KS
Striving to recruit new business & help companies expand in Kansas
Are you an economic development agency, chamber of commerce, or other organization in the business of helping companies relocate or expand? List your organization here and connect with growing businesses!
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