GOED opts against $100K study of banks' impacts

(Deseret News) The Governor's Office of Economic Development Board on Thursday decided against a proposal to issue a $100,000 grant for the Utah Association of Industrial Banks to study the impact of retention and expansion of industrial banks in Utah. Numerous members voiced concern about the appropriateness of the board funding such a study. The proposal, which would have been unprecedented, was criticized as showing favor to a particular business sector, which could result in other industries asking for similar studies to bolster their respective sectors.

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