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(1) foster and develop industry in the state, to provide additional employment opportunities for Utah's citizens, and to improve the state's economy;
(2) address the loss of prospective high paying jobs, the loss of new economic growth, and the corresponding loss of incremental new state and local revenues to competing states caused by economic incentives offered by those states;
(3) provide tax credits to attract new commercial projects and new jobs in economic development zones in the state; and
(4) provide a cooperative and unified working relationship between state and local economic development efforts.