State Audit Slams Utah Economic Development Agency

October 15, 2014

SALT LAKE CITY — A new audit claims “questionable incentive awards” and a lack of transparency in the way the Governor’s Office of Economic Development hands out incentives to corporations to move to in Utah. The audit, unveiled before the Utah State Legislature’s Executive Appropriations Committee on Tuesday, accuses GOED of misinforming “stakeholders, including the public, regarding projected wages that a newly incented company will pay.”Representatives from the Governor’s Office of Economic Development defended their practices. GOED Executive Director Val Hale took issue with many of the claims, insisting that their incentives have created nearly 13,000 new jobs and pumped more than $120 million into state coffers. For every dollar spent by the state, Hale said, they get $3.19 back.

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