Beehive State News

In his recent State of the State address, Governor Spencer Cox focused on several initiatives that could benefit small businesses in Utah. Delivered on January 23, the address highlighted themes such as housing attainability, energy abundance, permitting reform, community safety, and family strength.

Governor Cox did not directly mention small businesses but outlined plans that could indirectly support them. On housing attainability, he proposed reforms to regulatory processes and a goal to build 35,000 starter homes within five years. This initiative aims to increase the housing supply in Utah, potentially benefiting small businesses by helping attract and retain a stable workforce.

Regarding energy abundance, Utah plans to become a leader in energy innovation through advanced nuclear reactors and increased energy exports via Operation Gigawatt. These efforts aim to lower energy prices and enhance grid reliability, which could reduce costs for small businesses.

Governor Cox also addressed permitting reform by calling for streamlined processes while maintaining environmental stewardship. This change could facilitate easier startup and expansion opportunities for small enterprises.

Emphasizing support for people building businesses, farms, and families, Governor Cox reiterated the state's commitment to creating an environment where small businesses can prosper.