In 2020, Utah’s Legislature passed Senate Bill 133 to promote public-private partnerships. The cornerstone of this legislation was the creation of a facilitator to serve as the state’s single point of contact and source of information for public-private partnerships (P3s or PPPs) in Utah. The legislation directed the Governor’s Office of Economic Opportunity (GOEO) to select a facilitator using a competitive bidding process. In November 2020, GOEO selected P3+ to serve as the state’s facilitator.
P3+ is Utah’s first governmental nonprofit organization specifically designed to facilitate public-private partnerships. It is also a subsidiary of another economic development entity in Utah: the Military Installation Development Authority (MIDA). As a result, P3+ is supported by MIDA’s impeccable team and expertise.
MIDA currently oversees the two biggest economic development projects in Utah: the Mayflower Resort in Wasatch County and the Roy Innovation Campus near Hill Air Force Base. Both projects are complex public-private partnerships between private developers and federal, state, and local governments. For more information on MIDA, please visit midaut.org.