There are several resources within Davis County to better serve your business. Whether you are looking to relocate, expand or you have some other business need, be sure to reach out Davis County’s Community & Economic Development department for help. Some of the county’s resources include:
Businesses that collect, process, distribute, or use recycled materials in their manufacturing processes can earn incentives by applying for a new zone. Incentives include: 5% state tax credit on equipment; 20% state tax credit of up to $2,000 on eligible operating expenses; and technical assistance from state recycling economic development professionals.
The Davis Fund for Economic Development is a small business loan program that creates jobs and helps grow the Davis County economy with financing options to viable but non-traditional businesses. It is managed by Davis County on behalf of the Davis County Council of Governments. Loan uses include: a business relocating to Davis County, fixtures, furnishings, equipment, working capital, inventory, construction, real estate acquisition, and gap financing. Terms range between .6 months and 7 years. Amortization is available up to 12 years with balloon payment options. Loan amounts range from $50,000 to $250,000 for startup business, and up to $500,000 for businesses older than 3 years.
Short Term Intensive Training (STIT) is a state-funded program that allows businesses the opportunity to improve their workforce development by offering customized training courses for the organization’s individual training needs. STIT serves organizations that need short-term, non-credit training.
The Wildcat Micro Fund offers FREE grants to Utah entrepreneurs in Davis, Weber, Morgan and Box Elder counties. Trying to launch an idea? Need funding for early-stage growth? Apply now.