Section 402 – Board of Economic Opportunity duties and powers.

• (1) The GO Utah board shall advise and assist the office to:
  • (a) promote and encourage the economic, commercial, financial, industrial, agricultural, and civic welfare of the state;
  • (b) promote and encourage the development, attraction, expansion, and retention of businesses, industries, and commerce in the state;
  • (c) support the efforts of local government and regional nonprofit economic development organizations to encourage expansion or retention of businesses, industries, and commerce in the state;
  • (d) act to enhance the state’s economy;
  • (e) develop policies, priorities, and objectives regarding the assistance, retention, or recruitment of business, industries, and commerce in the state;
  • (f) administer programs for the assistance, retention, or recruitment of businesses, industries, and commerce in the state;
  • (g) ensure that economic development programs are available to all areas of the state in accordance with federal and state law;
  • (h) identify local, regional, and statewide rural economic development and planning priorities;
  • (i) understand, through study and input, issues relating to local, regional, and statewide rural economic development, including challenges, opportunities, best practices, policy, planning, and collaboration;
  • (j) make recommendations regarding loans, grants, or other assistance from the Industrial Assistance Account as provided in Section 63N-3-105; and
  • (k) maintain ethical and conflict of interest standards consistent with those imposed on a public officer under Title 67, Chapter 16, Utah Public Officers’ and Employees’ Ethics Act.

• (2) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the GO Utah board may, in consultation with the executive director, make rules for the conduct of the GO Utah board’s business.

Renumbered and Amended by Chapter 362, 2022 General Session