Talent development grants.

Utah Code § 63N-3-112

in effect

63N-3-112. Talent development grants. (1) A for-profit business that is creating new incremental high paying jobs in the state, may apply to receive a talent development grant from the restricted account. (2) In accordance with the provisions of this section and in consultation with the GOED board, the administrator may award up to $10,000 per new job created. (3) The administrator shall designate an application process for a business to apply for the grant. (4) A business may apply to receive a grant only after each employee has been employed at qualifying wage levels for at least 12 consecutive months. (5) The office shall deduct money granted for a talent development grant under this section from any other money or incentive awarded by the office to the business. (6) Grants awarded under this section are only to reimburse a business for the costs incurred to recruit, hire, train, and otherwise employ an employee in a newly created job. (7) As part of the application process, a business shall submit a hiring and training plan detailing how the grant money will be used. (8) The administrator may grant an award only up to an amount that is no more than 25% of the estimated costs to be incurred by the business for the costs in the hiring and training plan. Amended by Chapter 343, 2026 General Session

Source: Utah Office of Legislative Research and General Counsel (le.utah.gov)URL: https://le.utah.gov/xcode/Title63N/Chapter3/63N-3-S112.html?v=C63N-3-S112_2026050620260506Fetched: 10/26/2026