Utah Rural Jobs

Utah Rural Jobs The Utah Rural Jobs program enables eligible small businesses in a rural county to expand and create high-paying jobs by providing flexible and affordable capital to small businesses in these areas. Eligibility Small businesses eligible for the Utah Rural Jobs program must be located in a rural Utah county and fall within the following industry types: Aerospace Agribusiness Defense Energy and natural resources Financial services Information technology Life sciences Manufacturing Outdoor products Software development Eligible small businesses must also: Have fewer than 150 employees, and have less than $10 million in net income for the preceding taxable year. Conduct principal business operations in Utah; 60% of employees must be in the state or within 180 days after receiving the investment from the rural investment company. The Utah Rural Jobs Program is available to start-up companies. Note: The small businesses work directly with a rural investment company to secure a potential investment and not with the state of Utah. All terms and conditions related to a potential investment are strictly between the small businesses and the rural investment company. Incentives Eligible small businesses may receive up to $5,000,000 in capital, via a loan, from an approved rural investment company. If your business fits the above parameters and you are ready to expand, please contact the following rural investment companies directly to learn more about funding options. Utah Rural Jobs Program Authorized for the 2023 Rural Investment Companies This list includes companies that assist in business development and expansion needs. Advantage Capital Utah Partners II, LLC 909 Poydras Street, Suite 2230 New Orleans, LA 70112 Damon Rawie [email protected] (512) 409-7012 Schuyler St. Germain [email protected] (203) 299-7487 Tucker Hase [email protected] (978) 766-7266 Enhanced Capital Utah Rural Fund II, LLC 201 St. Charles Avenue, Suite 3400 New Orleans, LA 70170 Mark R. Slusar [email protected] (202) 951-1451 Stonehenge UT Rural Fund I, LLC 236 Third Street Baton Rouge, LA 70801 Stephen C. McLachlan [email protected] (720) 882-0081 Utah Rural Jobs Subsidiary Fund, LLC 3299 K Street NW, Suite 700 Washington, DC 20007 Jabari Johnson (202) 448-0142 [email protected] Ryan Congrove (614) 595-5831 [email protected] Utah Rural Jobs Program Authorized for the 2017 Rural Investment Companies Elevation Fund I, LLC 101 3rd Ave. SW., Suite 211 Cedar Rapids, IA 52404 Ryan Barton (319) 389-6439 [email protected]