UTC Accomplishments

UTC Accomplishments

Utah Fund of Funds
As UTC’s #1 Priority, UTC championed and passed this important piece of legislation (2003 Utah House Bill 240 "Venture Capital Enhancement Act") changing the capital structure of the state. UTC recently increased the fund to $300M (2009 Utah Senate Bill 160 "Utah Venture Capital Enchancement Act Amendments). 

The Utah Fund of Funds is a $300 million State of Utah Economic Development program aimed at providing access to alternative or non-traditional capital to Utah entrepreneurs.

USTAR
UTC played a key role in passing the creation of USTAR (2006 with the Salt Lake Chamber and EDCUtah) and has helped achieve funding for this important program.

Engineering Initiative
UTC passed the Engineering Initiative (2001) and has been instrumental in significantly increasing the number of engineering graduates to fuel Utah’s high growth companies.

Increased High School Rigor
UTC was the only organization to support this critical change (2006) which better prepares all high school students with additional core requirements. After six years of considering this change, the State Board of Education passed it unanimously. UTC’s #1 issue is Quality Workforce/K-16 education

2009
 - Joint Resolution Regarding Secret Ballot (HJR 8) – Card Check
 - Trademark Amendments (HB 450)

2008
 - Catalist role - Organized first National Personalized Health Care Summit in Deer Valley
 - Capital Gains (SB 204)
 - Education bills (STEM – Science Technology Engineering and Math) (SB 35, HB 270, HB 349)

2007
 - Resolution Increasing Public Awareness of Capital Gains Tax Deduction (SR 3)
 - Research Activities Tax Credit Amendments (SB 171)
2006
 - Tax Amendments – Reduced Income Tax to 5% (HB 354/SB 242)
2005
 - Unused Sick Leave at Retirement Amendments (HB 213, David Clark)
 - Amendments Related to Pornographic and Harmful Materials (HB 260) Prescriptive Practice of Legend Drugs (SB 46)


What people are saying about UTC events

"Great examples of how this works in real-time." - Katherine Styer, Sorenson Companies






"It is great that someone is providing recognition for exceptional innovative products, people and companies in Utah. That recognition will promote further and more rapid innovation."
Michael Tieg, Tigerlight









"Great opportunity to articulate the critical needs for sustained growth of the life sciences"
Ron Weiss, ARUP Laboratories

"Even better than expected!"
Tim Sullivan, Ancestry.com