Promote:
Invest in Utah
A short guide for companies expanding into Utah: the economy at a glance, the rules and steps to set up, and who can help, each with its source.
1. Utah at a glance
PopulationEstimate
3.54 million
The population was 3,538,904 as of July 1, 2025.
Source: Census Bureau, state population estimates, July 1, 2025 (opens in a new tab) · as of 2025
GDP
US$319.2 billion
GDP was US$319,178.6 million in 2025, in current dollars.
Source: BEA, GDP by state, 2025 (annual update, September 2026) (opens in a new tab) · as of 2025
GDP per person
US$90,191
GDP per person was US$90,191.4 in 2025, in current dollars, computed from the Bureau of Economic Analysis's GDP and the Census Bureau's population estimate.
Source: BEA, GDP by state, 2025 (annual update, September 2026) (opens in a new tab) · as of 2025
Real GDP growth
2.7%
Real GDP growth was 2.7 percent in 2025, as the Bureau of Economic Analysis publishes it.
Source: BEA, GDP by state, 2025 (annual update, September 2026) (opens in a new tab) · as of 2025
Currency and inflation: see the United States at a glance
2. Before you set up
The body that handles foreign investment, Utah’s limits on foreign ownership, the zones and other rules for investors, as the guide found them.
Utah Code names the Governor's Office of Economic Development, so named since May 6, 2026, as the state's industrial and business promotion authority.
Source: Utah Code 63N-1a-301, current version, read November 2026 (opens in a new tab) · as of November 4, 2026
Utah's Restrictions on Foreign Acquisitions of Land Act (Utah Code Title 63L, Chapter 13) bars a restricted foreign entity from acquiring land; its current text took effect May 6, 2026.
Source: Utah Code 63L-13-201, current version, read November 2026 (opens in a new tab) · as of November 4, 2026
The Foreign-Trade Zones Board's 2024 annual report lists 1 foreign-trade zone in Utah.
Source: Foreign-Trade Zones Board, 2024 annual report, Appendix D (opens in a new tab) · as of 2024
Under House Bill 291 (2026), an entity counts as a restricted foreign entity when a restricted party holds at least 25 percent, down from 51 percent.
Source: Utah Legislature, House Bill 291 (2026), enrolled text (opens in a new tab) · as of March 24, 2026
Show 5 more
The Department of Public Safety may fine a suspected restricted foreign entity US$500 a day once 30 days pass without an answer to its letter.
Source: Utah Code 63L-13-201, current version, read November 2026 (opens in a new tab) · as of November 4, 2026
House Bill 430 (2025) makes it a third degree felony to knowingly buy or lease land for a restricted foreign entity; it took effect May 7, 2025.
Source: Utah Legislature, House Bill 430 (2025), enrolled text (opens in a new tab) · as of March 25, 2025
A restricted foreign entity that acquires land in Utah must sell it within one year, or the Division of Facilities Construction and Management sells it at public auction.
Source: Utah Code 63L-13-202, current version, read November 2026 (opens in a new tab) · as of November 4, 2026
Since May 6, 2026, companies with significant access to Utah critical infrastructure may not let a foreign principal from a foreign adversary access or control it remotely, absent reasonable alternatives.
Source: Utah Code 63A-16-1303, current version, read November 2026 (opens in a new tab) · as of November 4, 2026
Since January 1, 2025, state procurement units may not buy technology or technology services from a restricted foreign entity, and technology bidders must certify they are not one.
Source: Utah Code 63G-6a-121, current version, read November 2026 (opens in a new tab) · as of November 4, 2026
Investment rules across the United States: see Invest in the United States
3. Steps to set up
The main steps, in order, each with the body responsible and its official page.
Setting up in Utah
- Register a foreign entity with the Division of Corporations and Commercial Code before doing business in Utah; Senate Bill 40 sets filing rules from October 1, 2026.Utah Division of Corporations and Commercial CodeOfficial page (opens in a new tab)
Source: Utah Legislature, Senate Bill 40 (2026), bill page (opens in a new tab) · as of November 4, 2026
- Register for state taxes with the State Tax Commission; the corporate franchise and income tax rate is 4.45 percent for tax years from January 1, 2026.Utah State Tax CommissionOfficial page (opens in a new tab)
Source: Utah Legislature, Senate Bill 60 (2026), bill page (opens in a new tab) · as of November 4, 2026
- Before you buy or lease land, check whether any party is a restricted foreign entity under Utah Code Title 63L, Chapter 13.Utah Department of Public SafetyOfficial page (opens in a new tab)
Source: Utah Code 63L-13-201, current version, read November 2026 (opens in a new tab) · as of November 4, 2026
- Ask World Trade Center Utah whether your site can use Foreign-Trade Zone 30 to defer or reduce duties.World Trade Center UtahOfficial page (opens in a new tab)
Source: World Trade Center Utah, Foreign-Trade Zone page (opens in a new tab) · as of November 4, 2026
Show 1 more set-up step
- Ask EDCUtah for site selection help and incentive guidance if you are expanding or relocating.Economic Development Corporation of UtahOfficial page (opens in a new tab)
Source: EDCUtah, Business Expansion and Relocation page (opens in a new tab) · as of November 4, 2026
Steps that apply across the United States: see Invest in the United States
4. Organizations that help investors
Start with GOED. Each card links to the organization’s own site.
Each card says what it can help with:Get adviceFind financeMeet requirementsResearch markets
Investment and business setup
State economic development office
GOED
Governor's Office of Economic Development
Leads Utah's statewide economic development strategy and administers state economic development grants and contracts, including World Trade Center Utah's trade promotion contracts.
Visit GOED (opens in a new tab)Source: Legislative Auditor General, World Trade Center Utah audit, September 2026 (opens in a new tab) · as of September 15, 2026
- Get advice
Economic development corporation
EDCUtah
Economic Development Corporation of Utah
Helps companies expanding or relocating in Utah with site selection, comparative data and research, and incentive guidance, as a statewide public-private partnership.
Visit EDCUtah (opens in a new tab)Source: EDCUtah, home page (opens in a new tab) · as of November 4, 2026
Show 1 more organization
- Get advice
Federal small business office
SBA Utah
U.S. Small Business Administration Utah District Office
Provides funding programs, counseling, federal contracting certifications and disaster recovery help to small businesses across Utah.
Visit SBA Utah (opens in a new tab)Source: Small Business Administration, Utah District Office (opens in a new tab) · as of November 4, 2026
Customs and tax
- Meet requirements
State port authority
UIPA
Utah Inland Port Authority
Develops logistics infrastructure and project areas across Utah and runs a statewide logistics strategy covering rail, air cargo and coastal port links.
Visit UIPA (opens in a new tab)Source: Utah Inland Port Authority, statewide logistics strategy (opens in a new tab) · as of November 4, 2026
Chambers and industry associations
- Get advice
Chamber of commerce
Salt Lake Chamber
Issues certificates of origin, including electronic ones, and tracks business bills at the state legislature.
Visit Salt Lake Chamber (opens in a new tab)Source: Salt Lake Chamber, Legislative Scorecard 2025 (opens in a new tab) · as of November 4, 2026
- Get advice
Manufacturers association
UMA
Utah Manufacturers Association
Represents Utah manufacturers on workforce, safety and legislative issues and runs a statewide roadshow with the Small Business Administration.
Visit UMA (opens in a new tab)Source: Utah Manufacturers Association, release of July 29, 2026 (opens in a new tab) · as of July 29, 2026
Show 1 more organization
- Get advice
Life sciences trade association
BioUtah
Represents Utah life sciences companies, presents the industry at international conferences such as Medical Korea 2026, and holds a Life Sciences Day on the Hill.
Visit BioUtah (opens in a new tab)Source: BioUtah, Medical Korea 2026 item, March 2026 (opens in a new tab) · as of March 27, 2026
5. Worth knowing
Reserved sectors
Utah bars a restricted foreign entity from acquiring land, and since May 6, 2026 an entity with 25 percent restricted ownership counts as one.
What to do: Ask counsel to check your ownership chain against the statute before you sign a land purchase or lease.
Sources: Utah Code 63L-13-101, current version, read November 2026 (opens in a new tab); Utah Code 63L-13-201, current version, read November 2026 (opens in a new tab) · as of May 6, 2026
Income tax rate
Senate Bill 60 (2026) sets Utah's corporate franchise and income tax rate at 4.45 percent, from tax years beginning January 1, 2026.
What to do: Confirm the current rate with the State Tax Commission before you price a Utah project.
Source: Utah Legislature, Senate Bill 60 (2026), enrolled text (opens in a new tab) · as of May 6, 2026
Incentive sunsets
Utah's Enterprise Zone Act is set for repeal on July 1, 2028, and the Manufacturing Modernization Grant Program now runs to the same date.
What to do: Ask GOED whether your project falls inside a program's remaining term before you count on an incentive.
Source: Utah Legislature, Senate Bill 38 (2025), enrolled text (opens in a new tab) · as of May 7, 2025
Critical infrastructure
Since May 6, 2026, Utah Code 63A-16-1303 bars critical infrastructure agreements that let a foreign principal from a foreign adversary access or control the infrastructure remotely.
What to do: Review any remote-access arrangement with a foreign principal before you connect to Utah infrastructure.
Sources: Utah Code 63A-16-1303, current version, read November 2026 (opens in a new tab); Utah Legislature, House Bill 165 (2026), bill data (opens in a new tab) · as of May 6, 2026
Across the United States: see Worth knowing in Invest in the United States
6. How Promote:Global helps
- Compare the United States with other countriesSet the United States beside other countries on investment momentum, fundamentals and trade access, before site, tax and legal work.
- Find advisors and service firmsAsk an advisory firm a scoped, paid question, or browse firms that list their own services, from legal work to logistics.
- Organize your next stepsKeep each product and market in a project, with a roadmap of steps you work through.
Turn this guide into your Utah project.
Use Promote:Global to explore markets, understand requirements and organize your next steps.
Promote:Utah is an independent guide by Promote:Global, not an official government portal. The organizations named here are independent public and membership bodies, not Promote:Global partners, and every link goes to their own site.
Facts read from public sources, with an editorial cut-off of November 4, 2026. Nothing here is investment, legal, tax or sanctions advice. Check current status with the organization before you rely on it.