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 business, the city provides numerous opportunities to support your journey.
Economic Development Loan Fund
The Economic Development Loan Fund (EDLF) aims to stimulate business development and expansion by offering low-interest loans to viable businesses. This initiative encourages private investment and enhances neighborhood vitality, making it a valuable resource for entrepreneurs seeking financial support.
e2 Business Program
For businesses focused on sustainability, the e2 Business Program offers free assistance to help companies operate in an environmentally and economically sustainable manner. Participation is open to any business within Salt Lake City limits, providing tools to streamline operations, reduce environmental impact, and save money.
InnovateSLC
InnovateSLC provides startups and small businesses with unique opportunities through its accelerator program and small business training series. Participants gain access to guidance from industry experts and networking opportunities, helping them grow their businesses and bring innovations to market.
Youth Entrepreneur Program
Craft Lake City’s Youth Entrepreneur Program, powered by VentureLab, offers free after-school workshops for young makers aged 12-18. Participants develop creative and business skills, culminating in the opportunity to sell their work at Kid Row during the Annual Craft Lake City DIY Festival.
Workforce Development
The Department of Economic Development connects businesses with education and training programs, recruitment support, and upskilling opportunities. By collaborating with schools and community organizations, the city helps build a future-ready workforce tailored to the needs of local industries.
These resources reflect Salt Lake City’s commitment to fostering a thriving entrepreneurial ecosystem. By leveraging these programs, local businesses can access the support they need to succeed and contribute to the city’s dynamic economy.