Small Business Grants in Utah (UT)
Securing a small business grant in Utah involves identifying the right opportunities, understanding the application process, and tailoring your proposal to meet the specific requirements of each grant. Here are some of the most relevant opportunities for small businesses in Utah:
Utah Office of Economic Opportunity Grants
The Utah Office of Economic Opportunity offers various grant programs to support Utah businesses. These grants are designed to promote and support economic opportunity and provide a service related to industry, education, and community. The office provides a guide on how to apply for these grants on their website.
Utah Small Business Credit Initiative (USBCI)
The USBCI is a federal loan program that includes $69 million in funding to expand access to capital for small businesses in Utah, especially for underserved communities. The USBCI program aims to expand access to capital for Utah business owners in underserved communities, with a target of 29% of program funds allocated to businesses owned by women and culturally, economically, and geographically diverse entrepreneurs.
Utah Technology Innovation Funding
This grant program supports small Utah companies in their efforts to develop novel technology and products. The program is open on a rolling basis until the funds are used.
Amber Grants for Women
This grant program is specifically for women entrepreneurs in Utah. The program awards three $10,000 Amber Grants each month. If you win a monthly grant, you’re automatically eligible for one of the year-end grants.
Community Grant Program
This program was created by Salt Lake City to provide one-time financial assistance to eligible small businesses, artists, artisans, creative workers, and nonprofits that were negatively impacted by the COVID-19 pandemic.
Rural Business Development Grants
These grants are available for small businesses in rural areas of Utah. The grants are intended for community projects that serve rural areas and can be used for a variety of purposes, including training and technical assistance, project planning, business counseling, and market research.
Utah Small Business Grants for International Market Expansion
These grants offer up to $15,000 to Utah small businesses to expand access to international markets. The funding is intended for a range of expenses and activities, including fees for shipping sample products and the cost of compliance testing an existing product for entry into an export market.
Application Considerations
When applying for these grants, it’s important to carefully read the eligibility requirements and application instructions. Join POTD to tailor your proposal to clearly demonstrate how your business aligns with the grant’s objectives. Be sure to highlight the potential economic impact of your business on the local community, especially if the grant is aimed at promoting economic development.
Explore More
Explore more about Small Business Grants in Oregon (OR) and Small Business Grants in Massachusetts (MA).