ECONOMIC DEVELOPMENT

The Blanding City Economic Development Office works with businesses in Blanding to provide training, resources, contacts, and programs to help local businesses and improve operations and employment opportunities. The office collaborates with San Juan County, Utah State University, and other development partners to support business growth.

How Can Blanding City Help My Business?

Whether You Are Just Starting A Business, Or Looking To Expand Your Current Business, Don't Do It Alone! Blanding City Can Assist Your Business With The Following Items.

  • Website Development

  • Social Media Training & Setup

  • Business Plan

  • Marketing Plan

  • Feasibility Study

  • Cost & Benefit Analysis 

  • Networking

  • Planning & Zoning Coordination 

  • Site Planning

  • Free Training & Consults 

Want More Info? Please Contact Pratt Redd
Office Phone: 435-678-2791 ext. 3001 | Email: predd@blanding.city

Resources For My Business

Custom Fit Training

Training Grant: Receive 50% reimbursement of authorized training expenses for your business. Follow the simple five-step process to receive a 50% reimbursement of training costs.

  • Meet with your representative (Heidi Swenson) 

  • Schedule training

  • Receive training

  • Receive 50% Reimbursement (If training is through USU, then attendees pay half and USU is paid half directly)

  • Contact Heidi Swenson for more info at heidi.swenson@usu.edu

Revolving Loan Fund 

The Revolving Loan Fund Program (RLF) is a lending program for start-up businesses and businesses with the desire to expand that are unable to receive financing from traditional lending institutions.  Retaining or creating jobs in the community is a criteria for the program! For an application click here.

Who Qualifies?

  • Industrial/Manufacturing

  • Retail/Commercial

  • Service

  • Information Technology

  • Professional

What Can I Use RLF For?

  • Purchasing of Land and Buildings

  • Construction and Renovation

  • Machinery and Equipment

  • Leasehold Improvement

  • Working Capital (Inventory, Operating Expenses, Employee Payroll)

Enterprise Zone Tax Credit

  • A $750 tax credit for each new full-time position filled for at least six months during the tax year.

  • An additional $500 tax credit if the new position pays at least 125% of the county average monthly wage for the respective industry (determined by the Utah Dept. of Employment Security). In the event this information is not available for the respective industry, the position must pay at least 125% of the total average monthly wage in the county.

  • An additional $750 tax credit if the new position is in a business that adds value to agricultural commodities through manufacturing or processing.

  • An additional $200 tax credit, for two consecutive years, for each new position insured under an employer-sponsored health insurance program if the employer pays at least 50% of the premium.

    Other Tax Credits:

  • A tax credit (not to exceed $100,000) of 50% of the value of a cash contribution to a 501(c)(3) private nonprofit corporation engaged primarily in community and economic development and is accredited by the Utah Rural Development Council.

  • A tax credit of 25% of the first $200,000 spent on rehabilitating a building which has been vacant for at least two years, and which is located within an enterprise zone.

  • An annual investment tax credit of 10% of the first $250,000 in investment, and 5% of the next $1,000,000 qualifying investment in plant, equipment, or other depreciable property.
     

Non-refundable tax credits are available to eligible businesses in designated enterprise zones from the start of the tax year in which the designation is made. Unused credits may be carried over for three years. Businesses closing operations in one rural area to locate in another rural area may not claim tax credits under this program. Construction jobs are not eligible for tax credits. Retail businesses and public utilities are not eligible to claim tax credits. To apply for the Enterprise Zone Tax Credits use our online application:

Grants For My Business

Rural Economic Development Inititative (REDI)

The Rural Economic Development Incentive (REDI) program is designed for businesses creating new high-paying jobs in rural Utah counties. These jobs can be remote, online, or in a satellite hub/office space, or physically located in the same county as the business. For each new position, San Juan County businesses will receive $6,000 based on the employee’s location.

  • Pays at least 110% of the county’s average wage (110% in San Juan County is $38,500)

  • Is filled by an employee who works at least 30 hours per week or that meets the customary practices by that industry as full-time standards

  • Will exist for at least 12 consecutive months

  • Click Here For More Details

San Juan County Co-Op (Closed Until 2020)

The purpose of the San Juan County Office of Economic Development and Visitor Services (EDVS) Co-Op Program is to assist in stretching your out-of-county marketing dollars. Cities, towns, communities, business groups, and community organizations can apply for up to $5,000 for out-of-county tourism marketing efforts.

  • Please take time to review the 2019 Co-Op Program Guidelines

  • The maximum amount an applicant can request is $5,000

  • There is no cap to how many times an applicant can apply or co-apply to the program

  • The project end/completion date must fall within the 2019 calendar year

  • Click Here For More Details

Rural Fast Track 

The Rural Fast Track (RFT) Program, through Utah’s Governor’s Office of Economic Development (GOED) office,  is a post-performance grant available to small companies in rural Utah that have been operating for at least 2 years. The program provides an efficient way for existing, small companies to receive incentives for creating high paying jobs in the rural areas of the state and to further promote business and economic development.

  • Up to $50,000 in grant funding for qualified projects

  • Incremental funding for new jobs paying above county average wage ($35,100)

  • RFT Overview

  • Pre-application | Application (to be submitted after pre-app approval)