1. Targeted Private Investment
Utah Rural Jobs Act
Targeted Private Investment

2. What will the Rural Jobs Act do?
Big Picture
Good Policy Practices
$42 million of private investment into Utah businesses
At least 70% invested outside the Wasatch Front
Affordable debt and equity instead of tax credits for growing businesses (you need cash!)
100% invested in Utah
Expert federally licensed fund managers (SBA and USDA)
Fund-guaranteed job creation for the state

3. What areas qualify?
At least 70% of investments must be in NON-METRO counties (rural)
Up to 30% of investment can be in METRO areas
There is a waiver process to qualify an area as “rural in nature”
NON-METRO
METRO

4. Who qualifies? Qualifying Industries Qualifying Size
Aerospace
Defense
Energy and natural resources
Financial services
Life sciences
Outdoor products
Software development
Information technology
Manufacturing
Agribusiness
Less than $10 million in net income
Fewer than 150 employees

5. How to learn more? Investments should begin in Q1 2018
Contact Linda Gilmor at the Governor’s Office of Economic Development, in December, for introductions to the fund managers