Salt Lake City has become a vibrant hub for entrepreneurs and small businesses, offering a range of resources and programs designed to foster growth and innovation. Whether you’re launching a startup or expanding an existing venture, the city provides numerous opportunities to support your business journey.
Economic Development Loan Fund (EDLF)
The Economic Development Loan Fund aims to stimulate business development and expansion by offering low-interest loans to startups and existing businesses. These loans can be used for various purposes, including energy-efficient equipment upgrades, construction, tenant improvements, and real estate acquisition. By providing financial assistance, the EDLF encourages private investment and enhances neighborhood vitality.
e2 Business Program
For businesses committed to sustainability, the e2 Business Program offers support to operate in an environmentally and economically sustainable manner. Participation is free for businesses within Salt Lake City limits. Members receive assistance to streamline operations, reduce environmental impact, and save money. The program also provides access to resources like the e2 Economic Development Loan Fund for energy-efficient equipment upgrades and building retrofits.
InnovateSLC
InnovateSLC is an accelerator program and small business training series that supports startups and entrepreneurs in Salt Lake City. Developed and facilitated by Kinect Capital, the program offers intensive courses designed to equip participants with the tools and resources needed to grow their businesses and bring innovations to market. Since its inception, InnovateSLC has supported 24 startups across 76 industries, with entrepreneurs raising over $3.1 million before and after the program.
Youth Entrepreneur Program
Craft Lake City’s Youth Entrepreneur Program, powered by VentureLab, provides free after-school workshops where young makers learn, grow, and prepare to sell their work at Kid Row during the Annual Craft Lake City DIY Festival. The program nurtures creativity and develops entrepreneurial skills through crafting sessions, business workshops, and real-world selling experiences. It’s an excellent opportunity for young artisans aged 12-18 to build an entrepreneurial mindset and develop their businesses.
Entrepreneurs’ Fellowship
The Entrepreneurs’ Fellowship (EF) is a community-focused group dedicated to all aspects of business and entrepreneurialism. With over 2,500 members, EF offers education, strategic connections, and networking opportunities to support business founders, owners, operators, directors, and investors. Most events are free, providing valuable resources without financial barriers.
By leveraging these resources and programs, entrepreneurs and small business owners in Salt Lake City can access the support needed to thrive in a dynamic and competitive market. Whether through financial assistance, sustainability initiatives, accelerator programs, youth mentorship, or networking opportunities, the city is committed to fostering a robust entrepreneurial ecosystem.