The Rural Economic
Development Incentive (REDI) program is designed for businesses creating new
high-paying jobs in rural Utah counties or all Utah counties except Salt Lake,
Davis, Weber, Washington, Cache, Tooele, and Summit counties. These jobs
can be remote, online, or in a satellite hub/office space, or physically
located in the same county as the business. For each new position,
the business will receive $4,000 to $6,000 based on the employee’s location.
Eligibility:
Any business other than
those primarily engaged in construction, retail, staffing or public utility
industries are encouraged to apply. A business considering the REDI grant
must apply for and receive approval through the Utah Governor’s Office of
Economic Development (GOED) in advance of creating any new position(s) which
meet(s) the following requirements:
Pays at least 110% of
the county’s average wage
Is filled by an employee
who works at least 30 hours per week or that meets the customary practices by
that industry as full-time standards
Will exist for at least
12 consecutive month
Incentives:
A business entity may qualify for up to $250,000 in
rural employment expansion grants each fiscal year. The business may only receive grant funds for the number of positions that were projected and approved. For any additional positions, another application must be submitted and approved prior to hiring. A business entity that has received a REDI grant may
concurrently apply for or receive another GOED grant or incentive.
Potential Allocation Award Amounts:
$4,000 for each new full-time
employee position in a county where the average county wage is equal to or
greater than the state average wage
$5,000 for each new full-time
employee position in a county where the average county wage is between
85% and 99% of the state average wage
$6,000 for each new full-time
employee position in a county where the average county wage is less than 85% of
the state average wage
The REDI Grant Levels
Table below provides county-specific information.