Criteria for designation of enterprise zones -- Application.
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Law
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Utah Code
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Economic Opportunity Act
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Tax Credit Incentives for Economic Development
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Enterprise Zone Act
- Criteria for designation of enterprise zones -- Application.
Affected by 63I-1-263 on 7/1/2028
Effective 7/1/202063N-2-204. Criteria for designation of enterprise zones -- Application. - (1) A county applicant seeking designation as an enterprise zone shall file an application with the office that, in addition to complying with the other requirements of this part:
- (a) verifies that the county has a population of not more than 70,000; and
- (b) provides clear evidence of the need for development in the county.
- (2) A municipal applicant seeking designation as an enterprise zone shall file an application with the office that, in addition to complying with other requirements of this part:
- (a) verifies that the municipality has a population that does not exceed 20,000;
- (b) verifies that the municipality is within a county that has a population of not more than 70,000; and
- (c) provides clear evidence of the need for development in the municipality.
- (3) An application filed under Subsection (1) or (2) shall be in a form and in accordance with procedures approved by the office, and shall include the following information:
- (a) a plan developed by the county applicant or municipal applicant that identifies local contributions meeting the requirements of Section 63N-2-205;
- (b) the county applicant or municipal applicant has a development plan that outlines:
- (i) the types of investment and development within the zone that the county applicant or municipal applicant expects to take place if the incentives specified in this part are provided;
- (ii) the specific investment or development reasonably expected to take place;
- (iii) any commitments obtained from businesses;
- (iv) the projected number of jobs that will be created and the anticipated wage level of those jobs;
- (v) any proposed emphasis on the type of jobs created, including any affirmative action plans; and
- (vi) a copy of the county applicant's or municipal applicant's economic development plan to demonstrate coordination between the zone and overall county or municipal goals;
- (c) the county applicant's or municipal applicant's proposed means of assessing the effectiveness of the development plan or other programs within the zone once they have been implemented within the zone;
- (d) any additional information required by the office; and
- (e) any additional information the county applicant or municipal applicant considers relevant to its designation as an enterprise zone.
- (4) On or after January 1, 2021, no new enterprise zones shall be designated.
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