The University of Utah has been ranked second in the nation for producing “unicorn” startups, according to a 2025 Stanford study announced by the Utah Governor’s Office of Economic Opportunity. This impressive ranking highlights the strong link between formal education, particularly advanced degrees, and the success of these billion-dollar companies. A unicorn startup is […]
Read moreThe Utah Governor’s Office of Economic Opportunity administers the USBCI, a statewide program designed to provide capital and technical assistance to Utah’s small businesses. This initiative is funded by the U.S. Treasury’s State Small Business Credit Initiative, part of the 2021 American Rescue Plan Act. Program Goals: Expand Access to Capital: The USBCI aims to […]
Read moreThe Utah Governor’s Office of Economic Opportunity (GOEO) is a powerful engine that helps drive the state’s economic growth. Its arsenal is packed with a diverse array of programs and initiatives, each a unique weapon in the battle for Utah’s prosperity. Business Services and Corporate Retention: These are Utah businesses’ allies, providing expert guidance and […]
Read moreThe Utah Governor’s Office of Economic Opportunity recently announced increased funding to the Utah Small Business Credit Initiative (USBCI) Loan Participation Program (LPP) – a sizeable $59 million boost. The initiative includes lending programs to expand access to capital at lower interest rates for Utah small business borrowers. Increased funding to the LPP includes: Loans […]
Read moreThe Utah Governor’s Office of Economic Opportunity (GOEO) and the Utah Small Business Administration recently announced its upcoming Utah Business Bridge: a virtual networking event on January 19, 2023. This is a quarterly series where attendees learn about small business resources available throughout the state. You may sign up for free here … https://www.eventbrite.com/e/utah-business-bridge-launching-a-business-tickets-454169271517?aff=erelexpmlt If […]
Read moreThe Governor’s Office of Economic Opportunity recently announced an exciting new $10 million grant for Utah businesses. Dubbed the Utah Manufacturing Modernization Grant, the fund incentivizes Utah businesses to modernize, establish, relocate, retain, or develop manufacturing in the Beehive State. Its goal is to modernize Utah companies’ manufacturing, increase supply chain resistance, and lessen American […]
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