Job Incentives Mulled

Summary


Meetings of the Governor's Office of Economic Development Board often are pragmatic: getting updates on state programs and initiatives, approving financial incentives to companies looking to add high-paying jobs, planning for upcoming economic development events.

But the board's most recent gathering featured a heavy dose of pondering. At issue was whether the board should continue offering incentives for companies to move to Utah or for existing companies to expand -- adding jobs at a time when the state's unemployment rate is so low that existing employers often cannot get the employees they need.

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Extract


Job Incentives Mulled

Utah's unemployment rate was 2.6 percent in December, the same rate as November's.

Board Chairman David Simmons, who started the discussion, said he believed the board should continue with incentives, in part because the board's duties call for incr...

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