Sustainable and Resilient (STAR) Business Grant [OLD]

No longer accepting applications.

Diversification Grant

For STAR Business Grant recipients:

If you are ready to begin your final grant payment request, complete this form to start the process. Keep in mind...

  • To receive your final grant payment, you must have expended all of your first grant payment in alignment with your project application
  • All grantees are required to submit proof of expenditure (receipts, invoices, and other related documents) as part of their final payment request
  • If submitted documents and/or expenses are unclear, Grand County Economic Development may request additional documents to verify the use of your grant funds
  • Please reach out to Sky White, Assistant Director of the Economic Development Department at swhite@grandcountyutah.net with any questions or concerns. 

What was required to apply for the STAR Business Grant?

  • Completed grant application
  • Construction Quotes
  • Consultation with our SBDC
  • Profit and Loss (P&L) statements for 2021, 2020, and 2019
  • Project Budget
  • State of Utah Articles of Incorporation Number

Have a question that isn't answered here? Visit our FAQ page to learn more about this grant

Overview

Grand County Economic Development sought to fund organizations, programs, and projects that shorten the gap between wages and the cost of living for local residents while addressing the need for an increasingly resilient and diverse economy. Grand County Economic Development pursued greater economic diversification in Grand County by supporting the existence and expansion of organizations that provide year-round, stable employment opportunities and are resistant to both economic shocks and seasonality.

Goal

Grand County Economic Development aimed to support projects that sustainably raised wages or lowered the cost of living for Grand County workers. Provided with free capital, businesses should have been able to invest in improvements that boosted productivity. The resulting increased profits could then be invested in workforce opportunities and retention.

Economic Diversification - what's that?

Grand County Economic Development defines economic diversification as economic development that supports a sustainable, livable, and resilient Grand County:

  • Sustainable, in that we actively protect our public lands and preserve our community's natural resources; 
  • Livable, in that we support the creation of year-round, high-paying jobs in a community that offers a high quality of life and economic mobility; and,
  • Resilient, in that we foster a diverse mix of industries that can withstand an array of economic shocks.

Examples of Applicable Projects

  • Acquiring a larger or new production or commercial space
  • Offsetting housing costs, such as renting a room for an employee
  • Training workers in new skills and raising their wages as a result
  • Creating new streams of revenue, such as establishing e-commerce for a local artisan

Grand County Economic Development encourages applicants to propose imaginative and innovative projects that do not necessarily align with the above list of examples.

Resources for Applicants