iCapital Recommended for Utah EDTIF Incentive
Utah GOED Business Development Board | State of UtahState · Salt Lake City, UT- Disclosed value
- 20% reduction in state tax paid on new state tax revenue above the baseline established for the preceding 12 months; new state revenue projected at $3,686,107 over 7 years
- From minutes
- Document date
- Jun 12, 2025
- Term
- Not to exceed 7 years
- Renews
- Free account
The 30-second brief
The Governor's Office of Economic Opportunity Board recommended iCapital, Inc. for an EDTIF post-performance refundable tax incentive. The incentive provides a 20% reduction in state tax paid on qualifying new state tax revenue for up to seven years, with new state revenue projected at $3,686,107.
Icapital Inc holds this contract with Utah GOED Business Development Board | State of Utah.
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Contract details
- Amount
- 20% reduction in state tax paid on new state tax revenue above the baseline established for the preceding 12 months; new state revenue projected at $3,686,107 over 7 years
- Document date
- June 12, 2025
- Term
- Not to exceed 7 years
- Renews
- Free account
- Vendor
- Icapital Inc
- Source document
- Utah GOED Business Development Board Minutes Board Meeting 2025-06-12 (Minutes)
Icapital Inc's other public contracts
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Questions about this contract
Who was awarded the government contract by Utah GOED Business Development Board | State of Utah?
Icapital Inc was awarded this government contract by Utah GOED Business Development Board | State of Utah, as recorded on June 12, 2025. The contract value is 20% reduction in state tax paid on new state tax revenue above the baseline established for the preceding 12 months; new state revenue projected at $3,686,107 over 7 years.
How much is the Icapital Inc contract with Utah GOED Business Development Board | State of Utah worth?
The Icapital Inc contract with Utah GOED Business Development Board | State of Utah is valued at 20% reduction in state tax paid on new state tax revenue above the baseline established for the preceding 12 months; new state revenue projected at $3,686,107 over 7 years.
What type of contract is this?
This is a government contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Utah GOED Business Development Board Minutes Board Meeting 2025-06-12 (Minutes), dated June 12, 2025 from Utah GOED Business Development Board | State of Utah. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Icapital Inc hold?
Icapital Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Utah GOED Business Development Board | State of Utah currently buying?
Explore Utah GOED Business Development Board | State of Utah's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.