SALT LAKE CITY — Utah-based companies invested heavily in the state during fiscal year 2025, with new projects projected to generate billions in wages, tax revenue and capital investment, according to the Governor’s Office of Economic Opportunity (GOEO).

From July 2024 through June 2025, 18 companies were approved for the state’s post-performance tax credit program. Collectively, the projects are expected to create 3,841 jobs, pay $3.79 billion in wages, contribute $343 million in new state tax revenue and result in $6.68 billion in capital investments over the next two decades.

The state administers the Economic Development Tax Increment Financing (EDTIF) program and its rural counterpart, REDTIF, which offer temporary tax reductions to companies creating high-paying jobs in targeted in

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