Summit County Economic Development Advisory Board Meeting
Notice Type(s)
Notice,
Meeting
Event Start Date & Time
January 19, 2026 12:00 PM
Description/Agenda
AGENDA
Summit County Economic Development Advisory Board
Thursday, February 19, 2026 @12:00PM
NOTICE is hereby given that the Economic Development Advisory Board will meet in session Thursday, February 19, 2026, electronically, via Zoom, and at the anchor location, Summit County Courthouse, 1rst floor, RM 1B, 60 N Main St, Coalville, UT 84017.
Join Zoom Meeting
Jeffrey B. Jones, AICP is inviting you to a scheduled Zoom meeting.
Join Zoom Meeting
https://summitcountyut.zoom.us/j/96796846492?pwd=9a9H04OoTvQilVXSLyuYMd5A4uz8CN.1
Meeting ID: 967 9684 6492
Passcode: 645198
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12:00 PM The Summit County Economic Development Advisory Board will hold its 39th meeting, and discuss the following:
1. Consent Agenda - Any item will be removed from the consent agenda at the request of any member of the Board and that item will be considered separately later.
a. Minutes from December 18, 2026 are being reconstructed and will be made available at the March 19, 2026 meeting.
January 15, 2026, Meeting was cancelled.
ACTION: Approve the consent agenda or take any other action deemed appropriate.
2. General Announcements - Chair/Vice Chair (Others)
3. Rural County Grants
- Available Grants
o Small Business Grant
o Summit County Broadband Matching Grant Program
o Summit County Workforce Development Matching Grant Program
o Water/Fire Flow Infrastructure Grant (Wanship)
Amplifund Applicant Guide
Additional Budget Instructions Guide
4. Legislative Bills Potentially Impacting Economic Development
- SB165, Economic Mobility Initiative
This bill creates a grant framework for certain entities to provide technical support to community-based partnerships that increase economic mobility.
- HB475: Sub2 Development Planning and Coordination Amendments
This bill makes various changes to the Governor's Office of Economic Opportunity, including: (1) Renaming GOEO to the Governor's Office of Economic Development, (2) Creating an Economic Opportunity Coordinating Council and includes the member (or appointee) by the Governor, House Speaker, Senate President, Utah Inland Port Authority Board, Point of the Mountain State Land Authority Board, Utah Fairpark Reinvestment Area Board, Military Installation Development Authority Board, School Institutional Trust Lands Board, and a UAC and ULCT appointee to represent locals. The board is charged with advising GOEO on recommending economic development strategies for the state, and coordinating other activities including those undertaken by Associations of Government. The bill also outlines objectives for the GOEO executive director, including business recruitment, identify targeted industries, coordinating state and local efforts, etc. The bill also allows local government entity land to be used for economic development zones.
- HB507: State Coordination of Regional and Local Economic Development Projects Amendments
This bill consolidates various tax increment financing tools, including Housing and Transit Reinvestment Zones, First Home Investment Zones, and Home Ownership Promotion Zones, and others into a single tool: Regionally Significant Development Zones (RSDZ). (1) RSDZ's utilize local property tax, sales tax, and energy tax increment (up to 60% up to 25 years) to pay for development costs (housing, infrastructure, parking, etc) within the zone, or a zone-impacted area. (2) The zone's must be submitted to and approved by a GOEO committee. (3) An RSDZ may overlap with a CRA, but may not with existing HTRZ, FHIZ, etc. (4) An RSDZ must be a RS transit-oriented development, RS first home village, RS major sportingevent venue, or a RS economic development opportunity (similar to previous tools). (5) This bill doesn't allow for HTRZs, FHIZ, HOPZ to be created after January 1, 2028. (6) This bill also creates the State Reinvestment Restricted Account which takes UIPA property tax differential, and 5-25% of RSDZs property tax revenue. (7) And makes other specific and various changes regarding these tools.
- HB427: Tax Increment Financing Modifications
This bill would require public entities (cities, counties, public infrastructure districts, etc.), regional land use entities (MIDA, the Point, Inland Port, etc.) to submit a tax increment application to the Governor's Office of Economic Opportunity in order to utilize tax increment financing. The application shall include a description of the project, analyze the proportionate benefit to taxpayers, and provide a but-for analysis (the tax increment generates would not have happened 'but for' the project investment).
5. Placer.ai and Transient Room Tax/Restaurant Tax (See Attached)
- Estimate for Jan 2026, TRT = $647,910.00
- Estimate for Jan 2026, Restaurant Tax = $250,713.00
6. Home Prices and Rents: Summit County (See Attached)
7. Unemployment Rate: December 2019 to 2025 (See Attached)
8. Schedule: Next Meeting, March 19, 2026
9. 1:00 PM Adjourn
Individuals with questions, comments, or needing special accommodations pursuant to the Americans with Disabilities Act regarding this meeting may contact Amy Jones at 435-336-3042.
Notice of Special Accommodations (ADA)
Individuals with questions, comments, or needing special accommodations pursuant to the Americans with
Disabilities Act regarding this meeting may contact Jeff Jones at 435-336-3221
Notice of Electronic or Telephone Participation
Join Zoom Meeting
https://summitcountyut.zoom.us/j/96796846492?pwd=9a9H04OoTvQilVXSLyuYMd5A4uz8CN.1
Meeting ID: 967 9684 6492
Passcode: 645198
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One tap mobile
+13462487799,,96796846492# US (Houston)
+16694449171,,96796846492# US