New Oil, Gas and Mining Grant Program Offering Support for Energy Businesses
By Kristin Forbis, Sep 14, 2020
The Governor’s Office of Energy Development has found another way to support businesses affected by the COVID-19 pandemic this year, this time utilizing $5 million dollars in federal CARES Act funds to help companies in the oil, gas and mining industries. “This is a unique grant that, working with the Governor’s Office of Energy Development, we’re excited to provide to businesses in the important oil, gas and mining industries,” says Val Hale, GOED’s executive director. “COVID-19 has brought challenges to many industries in our state, and we’re grateful the Legislature allocated federal CARES Act funds for this new grant program.” To be eligible for the grant, businesses must: Be substantially involved in the extraction of oil, gas, or minerals in Utah or directly provides services to oil, gas, or mining businesses in Utah; Have experienced Utah revenue decline related to COVID-19; Have employees physically located in Utah; Have fewer than 250 full-time equivalent Utah employees; And establish that the use of funds will benefit the Utah state economy. To learn more about eligibility and required documents, visit www.utahgoed.info/ogmgrant. Completed applications will be accepted on a first-come, first-served basis. Applications will be open on September 15th at 9am.