The Utah Governor’s Office of Economic Opportunity (GOEO) board recently approved tax incentives for three companies — Momentous, Stryker, and Usurance — to support job creation and business investment in Salt Lake and Summit counties.
Together, the projects are expected to create 1,709 high-paying jobs and generate more than $676.3 million in new investment over the next 20 years.
These incentives are offered through the state’s Economic Development Tax Increment Financing (EDTIF) and Rural Economic Development Tax Increment Financing (REDTIF) programs, which provide performance-based tax credits issued after companies meet job creation and investment goals…