(1) The purpose of the Economic Opportunity Act and the entities established in the act is to catalyze strategic economic opportunities for all residents of the state with a vision of creating economically thriving communities, businesses, and families throughout the state.

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Terms Used In Utah Code 63N-1a-103

  • State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
  • Targeted industry: means an industry or group of industries targeted by the commission under Section 63N-1a-202, for economic development in the state. See Utah Code 63N-1a-102
(2) The purpose is realized through targeted efforts that demonstrably improve quality of life, measured by the extent to which the efforts accomplish the following strategic goals:

     (2)(a) catalyzing targeted industry growth;
     (2)(b) supporting economically thriving communities;
     (2)(c) empowering students and workers with market-relevant skills;
     (2)(d) stimulating economic growth in rural and multicultural communities through household level efforts; and
     (2)(e) securing healthy and resilient ecosystems for current and future generations.