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Governor's Programs | |
Governor's Office of Economic Development | |
Section 404 | Criteria for designation of enterprise zones -- Application. |
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63M-1-404. Criteria for designation of enterprise zones -- Application. (1) A county applicant seeking designation as an enterprise zone shall file an application with the office that, in addition to complying with the other requirements of this part: (a) verifies that the county has a population of not more than 50,000; and (b) provides clear evidence of the need for development in the county. (2) A municipal applicant seeking designation as an enterprise zone shall file an application with the office that, in addition to complying with other requirements of this part: (a) verifies that the municipality is a city of the fifth class or a town; (b) verifies that the municipality is within a county that has a population of not more than 50,000; and (c) provides clear evidence of the need for development in the municipality. (3) An application filed under Subsection (1) or (2) shall be in a form and in accordance with procedures approved by the office, and shall include the following information: (a) a plan developed by the county applicant or municipal applicant that identifies local contributions meeting the requirements of Section 63M-1-405; (b) the county applicant or municipal applicant has a development plan that outlines: (i) the types of investment and development within the zone that the county applicant or municipal applicant expects to take place if the incentives specified in this part are provided; (ii) the specific investment or development reasonably expected to take place; (iii) any commitments obtained from businesses; (iv) the projected number of jobs that will be created and the anticipated wage level of those jobs; (v) any proposed emphasis on the type of jobs created, including any affirmative action plans; and (vi) a copy of the county applicant's or municipal applicant's economic development plan to demonstrate coordination between the zone and overall county or municipal goals; (c) the county applicant's or municipal applicant's proposed means of assessing the effectiveness of the development plan or other programs within the zone once they have been implemented within the zone; (d) any additional information required by the office; and (e) any additional information the county applicant or municipal applicant considers relevant to its designation as an enterprise zone.
Amended by Chapter 84, 2011 General Session |
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