Utah Governor's Office of Economic Development

06/19/2026

When it comes to financial services and technology, “a lot of people are watching Utah…and blockchain is a critical part of that future.”

Maintaining our edge in innovation means investing in novel technologies like blockchain and supporting the talent, companies, and ideas that drive these crucial sectors forward.

Great discussion last night in Lehi between Aaron Gleave, Jeff Moss, Amelia Powers Gardner, and others.

06/18/2026

We are excited to announce the addition of Nate Walkingshaw — the Founder of Torus, an energy storage and management company — to Utah’s Economic Opportunity Board.

With Walkingshaw’s appointment, the board now comprises nine members who help guide efforts to expand economic opportunity and strengthen Utah’s long-term prosperity.

Representing various industries, communities, and the state’s dynamic entrepreneurial ecosystem, the board plays a key role in attracting, retaining, and broadening commerce throughout the state.

Learn more about Walkingshaw’s story here: https://business.utah.gov/news/nate-walkingshaw-appointed-to-the-utah-economic-development-board/

The Governor’s Office of Economic Development (GOED) is pleased to announce the appointment of Nate Walkingshaw to the Economic Opportunity Board. Appointed by Gov. Cox and confirmed by the Senate, the nine-member Economic Opportunity Board plays a crucial role in fostering economic growth and opp...

06/11/2026

Utah’s pioneer spirit extends to our forward-thinking AI policies. This letter is a good summary of the steps is taking to ensure AI innovation thrives in our state, while remaining human-guided and human-enhancing.

Read the full letter on the Salt Lake Tribune: https://www.sltrib.com/opinion/letters/2026/06/10/letter-utah-is-already-answering/

06/11/2026

Today, GOED awarded Lunar Resources a post-performance tax reduction to support its continued expansion in the state. The incentive is part of the state’s Economic Development Tax Increment Financing (EDTIF) program.

Lunar Resources is an industrial technology company advancing cutting-edge processes and systems to drive industrial innovation for terrestrial, space, lunar, and martian operations, which enables humanity's expansion into new frontiers.

A key component of its technology is the Helix Driver — a pulsed-power device designed for rapid buffering and discharge. Unlike other systems, which provide a steady energy flow, this technology delivers energy in high-power pulses, enabling customizable delivery for specific applications.

This technology is revolutionizing grid applications, microelectronic systems, and power devices, enhancing reliability, cost-effectiveness, and efficiency.

With the incentive, LUNAR’s proposed HELIX-1 factory is expected to create over 400 new jobs and invest approximately $47,335,857 in Utah during the next 10 years. It is expected to be the largest pulsed power manufacturing facility in the country.

Read more here: https://business.utah.gov/news/lunar-resources-to-build-helix-1-factory-in-salt-lake-county/

The company’s $85 million investment is expected to create more than 400 jobs

05/29/2026

As we work to advance 's economy, we must have a long-term view and a collaborative approach.

For data centers specifically, we can build our economy and job opportunities while also protecting water resources, air quality, wildlife, and utility rates — and provide opportunities for transparent, meaningful, and thorough public engagement.

The same is true of similar large projects statewide — in fact, this degree of collaboration and coordination is central to our economic development plan.

05/21/2026

Today, Gov. Spencer J. Cox launched “Utah Elevated” — a strategic plan to guide economic development statewide.

And because this is Utah, the effort is being coordinated across industry and government, including four bills ceremonially signed that back up central parts of the plan.

The short version: we're doubling down on the social capital that makes special. Through the highly coordinated work of GOED and statewide partners, we'll aim to build opportunity and livability throughout the state.

GOED will operate as a connector, convener, and catalyzer — bringing the right partners to the table across government and industry to match the opportunities in front of us.

The long version: find out more at https://lnkd.in/g5qGcWkv

Innovation. Capital. Life Quality.

From here, we build.

05/21/2026

What does Utah offer people & businesses that's truly unique—and how do we replicate it to build opportunity & livability?
Here’s what our partners shared this week. Big ideas coming later today! 🕑 What do you think?

05/14/2026

Today, GOED awarded two businesses post-performance tax reductions to support their continued expansions in the state. The incentives are part of the state’s robust EDTIF and REDTIF programs.

Motorola Solutions' proposed expansion in Salt Lake County will scale manufacturing capacity to meet growing demand for communication devices used in military and public safety sectors — further supporting safer communities, schools, hospitals, businesses, and nations through innovation and collaboration.

American Tungsten (Trigg Minerals) is helping to power the nation’s future through the research, development, and production of critical minerals such as antimony and tungsten. Demand for these resources continues to rise due to their key roles in renewable energy, defense, and high-tech industries.

To learn more about these companies, visit https://business.utah.gov/category/tax-credits/