FY 2016 Appropriation

The Central TOIP was established in November 2006 and is located within Utah Valley University. The Central TOIP region has a niche for electronic development such as software, applications, and high-tech gadgets. It focuses on business development along the Wasatch Front and central locations of Utah.

The Central TOIP provides business assistance services such as consulting, plan development, market/opportunity analysis, networking, product developing/testing, patent research, and presentations/connections to investor groups. It also provides Go to Market funding for its region.

Funding History
Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $575,500 from all sources for Central. This is a 12.9 percent reduction from Fiscal Year 2015 revised estimated amounts from all sources. The total includes $575,500 from the General/Education Funds, a reduction of 4.1 percent from revised Fiscal Year 2015 estimates.

Appropriation Adjustments

In addition to statewide compensation and internal service fund cost increases, the following appropriation adjustments were made during the 2015 General Session:

DescriptionOngoingOne-Time Shift USTAR Oversight Functions to Administration ($32,000)$0
OngoingOne-TimeFinancing Source
($32,000)$0General Fund
Centralize oversight functions into Administration.

Intent Language

HB0003: Item 63

Under Section 63J-1-603 of the Utah Code, the Legislature intends that up to $332,000 of any remaining amount of the $2,802,700 ongoing General Fund appropriation provided by Item 20, Chapter 10, Laws of Utah 2014 for Utah Science Technology and Research Governing Authority Technology Outreach and Innovation shall not lapse at the close of Fiscal Year 2015. These funds will be used for Go-to-market program and program impact survey.

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COBI contains unaudited data as presented to the Legislature by state agencies at the time of publication. For audited financial data see the State of Utah's Comprehensive Annual Financial Reports.