Utah Code Title 63N. Economic Opportunity Act § 63N-2-103. Definitions

(2) “Commercial or industrial zone” means an area zoned agricultural, commercial, industrial, manufacturing, business park, research park, or other appropriate business related use in a general plan that contemplates future growth.

(3) “Development zone” means an economic development zone created under Section 63N-2-104.

(4) “Local government entity” means a county, city, or town.

(5) “New commercial project” means an economic development opportunity that:

(6) “Remote work opportunity” means a new commercial project that:

(7) “Significant capital investment” means an investment in capital or fixed assets, which may include real property, personal property, and other fixtures related to a new commercial project that represents an expansion of existing operations in the state or that increases the business entity's existing workforce in the state.

(8) “Tax credit” means an economic development tax credit created by Section 59-7-614.2 or 59-10-1107.

(9) “Tax credit amount” means the amount the office lists as a tax credit on a tax credit certificate for a taxable year.

(10) “Tax credit certificate” means a certificate issued by the office that:

(11) “Written agreement” means a written agreement entered into between the office and a business entity under Section 63N-2-104.2.