A local outdoor-adventure business is benefitting from a state program intended to encourage economic development in rural areas.
The Utah Governor’s Office of Economic Development (GOED) has awarded Raven’s Rim Zipline Adventure a grant of up $50,000 for a business development project the company is planning.
The grant, given as a reimbursement, will match the company’s own investment into the project up to a maximum of $50,000. In addition, the company plans to create a new full-time position, qualifying it to receive up to an additional $1,500 through a job-creation incentive offered by the state.
Both awards are through the Utah Rural Fast Track program, which assists and rewards employers with business plans that create jobs paying 110 percent or better of their county’s average yearly wage. For Grand County, that average wage is $35,024, according to Nan Anderson, of GOED’s Rural Development Outreach office in Bicknell, Utah. The award was announced in an email on Dec. 15.
Raven’s Rim is closed for the season, opening again on Feb. 16, 2018. The Times-Independent was unable to reach the company’s owners for details about the planned project in time for publication.
Grand County’s Community Development Director Zacharia Levine helped with Raven’s Rim’s Fast Track application, saying, “The company is expanding their facility to accommodate additional retail, office and equipment maintenance space. The expansion will enable them to convert a part-time staff position to a full-time manager position and increase their business and revenue potential.”
Levine praised and promoted the Fast Track program, offering an invitation for other businesses to take advantage of it. “It is a really great program, and I would love to assist other businesses in utilizing the growth opportunity.”
More information can be found at business.utah.gov/programs/incentives/rural-fast-track.