August 27, 2020
The Utah Governor’s Office of Economic Development (GOED) and the Northern Utah Economic Alliance (NUEA) are pleased to announce that Home Reserve will open an office in Utah, creating up to 15 new manufacturing jobs in the next year. The company is leasing property in Ogden and projects $2.5 million in capital expenditures associated with the project.
“With the public’s focus on home improvement, the ready-to-assemble furniture market is booming, and Home Reserve is one of the market leaders,” said Val Hale, GOED’s executive director. “Locating in Ogden will help Home Reserve to support and expand its western U.S. customer base.”
Founded in 2000, Home Reserve is based in Fort Wayne, IN. The company manufactures ready-to-assemble furniture and operates an e-commerce site in which sales are made direct to its customer base. Its sales are highest in California, New York, and Florida.
“With the help of UPS, with which we have a long-standing relationship, we evaluated a number of western U.S. states for this expansion. We did a lot of mapping in terms of efficient logistics, and then we looked at cost of living and lifestyle. Utah rose to the top of the list,” said Blair Wieland, president.
“We are thrilled to welcome Home Reserve to Ogden,” said Mayor Mike Caldwell. “Home Reserve’s commitment to quality products, their employee-first focus and desire to work with our education partners and community non-profits will make a positive impact in Ogden.”
Home Reserve is looking for machine operators and skilled sewers for its Ogden operations. “These are good second-earner, supplementary income jobs paying $15 per hour with flexible hours and two weeks of personal time off,” Scott Anspach, director of operations, said.
“Ogden has been a logistical and manufacturing hub since the days of the Golden Spike,” said Chris Roybal, president of NUEA. “Every job counts, and both NUEA and EDCUtah look forward to Home Reserve’s growth in line with the global explosion of the online sales.”
Stephanie Pack, business development manager, led this project for EDCUtah and NUEA.
For more information, visit https://www.homereserve.com
For other inquiries about this project, please contact:
Chris Roybal, president, NUEA
(801) 455-5690, firstname.lastname@example.org
January 10, 2020
The Utah Governor’s Office of Economic Development (GOED) is pleased to announce that Northrop Grumman Corporation intends to expand its operations in Weber County, creating up to 2,250 jobs in the next 20 years.
“This project could create jobs for Hill Air force Base for generations to come,” said Val Hale, GOED executive director. “As one of the top-10 military-friendly employers, the proposed expansion would better serve Weber County and our growing aerospace industry.” Northrop Grumman is currently the largest security and defense company in Utah with more than 5,100 employees across the state, primarily located in Bacchus, Clearfield, Ogden, Promontory and Salt Lake.
Northrop Grumman is a leading global security company providing innovative systems, products and solutions in autonomous systems, cyber, C4ISR, space, strike, and logistics and modernization to customers worldwide.
“We are proud to expand our presence in Utah by bringing new, high-paying jobs to the state,” said Greg Manuel, vice president of Northrop Grumman’s ground-based strategic deterrent enterprise. Northrop Grumman may earn up to 30% of the new state taxes it will pay over the 20-year life of the agreement in the form of a Utah Legislature-authorized Economic Development Tax Increment Finance (EDTIF) tax credit. The GOED Board has approved a post-performance tax credit not to exceed $59,919,439.
Each year that Northrop Grumman meets the criteria in its contract with the state, it will earn a portion of the total tax credit.
“This is a significant win for Northern Utah. Northrop Grumman is the state’s largest private sector employer in aerospace and defense, and they continue to demonstrate their confidence in doing business here,” said Theresa A. Foxley, president and CEO of the Economic Development Corporation of Utah. “On a broader level, we as Utahns can be proud of what this means in terms of national defense and global security.”
January 10, 2020
The Utah Governor’s Office of Economic Development (GOED) today announced Oatly, Inc. will expand its operations in Utah, planning to add up to 50 jobs, $2.9 million in new state revenue, and up to $40 million in capital investment in Weber County over the next seven years.
“Oatly is a great addition to Utah’s manufacturing community and will add to our food and beverage industry in the state,” said Val Hale, executive director of GOED. “As their first operation in the west, Ogden is a great fit and we’re excited to have them in Utah.”
Oatly is a food manufacturing company that develops and produces oat-based drinks and foods. The company is dedicated to helping people eat and drink healthier without taxing the planet’s resources in the process. Oatly’s flagship product is their oatmilk, an original oat-based drink produced using patented enzyme technology that turns oats into nutritional and delicious liquid food. The company worked with Brian Corde from Atlas Insight LLC, a site selection firm based in Freehold, New Jersey to help it arrive at this strategic location decision.
“As a 25-year-old company, we’ve been blown away by the enthusiasm and incredible demand for Oatly that we’ve seen here in the states over the past few years. We’re equally excited that we’ve been able to make our products for the US here in North America” said Oatly US General Manager Mike Messersmith.
“Through this partnership with the state of Utah, our upcoming factory in Ogden will help us keep oatmilk in all the many coffee shops, grocery stores and refrigerators that want it.”
Oatly plans to create up to 50 jobs over the next seven years. The total wages in aggregate are required to exceed 110 percent of the average county wage. Projected new state wages over the life of the agreement may be up to $17,327,500, which includes wages, salaries, bonuses and other taxable compensation. Projected new state revenues, as a result of corporate, payroll and sales tax are estimated to be $2,954,627 over seven years.
“EDCUtah is excited for Oatly to establish a significant presence in Utah,” said Theresa Foxley, president and CEO of the Economic Development Corporation of Utah. “This will be the company’s first operation in the western U.S., and their corporate values of sustainability and environmental friendliness align nicely with our vision for economic development in Utah. Oatly will help raise the bar for employee compensation in the food and beverage manufacturing industry, and we appreciate the support of GOED, Ogden City, the Business Depot Ogden, and other partners to bring this project to fruition.”
Oatly may earn up to 10 percent of the new state taxes they will pay over the life of the seven-year life of the agreement in the form of a post-performance Economic Development Tax Increment Finance (EDTIF) tax credit rebate. As part of the contract with Oatly, the GOED Board of Directors has approved a post-performance tax credit rebate not to exceed $295,463. Each year that Oatly meets the criteria in its contract with the state, it will earn a portion of the total tax credit rebate.
“We welcome Oatly to Ogden,” said Ogden City Mayor Mike Caldwell. “The company’s commitment to healthy lifestyles aligns well with Ogden’s values and unmatched access to outdoor recreation. Oatly is a great community partner and we look forward to their presence in the community.
The Utah Legislature has authorized economic development incentives in the form of post-performance tax rebates. Eligible companies work with the Utah Governor’s Office of Economic Development to outline specific performance criteria. Once GOED confirms those criteria have been met, companies can receive a refund up to 30 percent of the state taxes they paid for up to 20 years.
October 10, 2019
The Utah Governor’s Office of Economic Development (GOED) is pleased to announce Amer Sports will expand its operations in Utah, creating 110 new jobs in the next five years.
“We love it when Utah companies expand in the state,” said Val Hale, executive director of the Utah Governor’s Office of Economic Development. “Amer Sports is already doing great things in Ogden. As the company continues to grow, it’s yet another success story in Utah’s thriving outdoor industry — an industry that keeps attracting new people and companies.”
Amer Sports’ North American headquarters is in Ogden, Utah. The sporting goods company owns internationally recognized brands including Salomon, Wilson, Atomic, Arc’teryx, Peak Performance, Enve, Suunto and Precor.
Amer Sports manufactures sports equipment, footwear, apparel and accessories for a variety of sports and outdoor activities. Its products are sold to trade customers and directly to consumers through brand stores, factory outlets and e-commerce.
“Amer Sports Winter and Outdoor opened its new warehouse in Ogden on January 4, 2019,” said Bill Kirchner, vice president and general manager of Amer Sports Americas. “The build-out and transition have gone smoothly, and we’re now ready to further expand operations by adding jobs in consumer and after-sales services for the Arc’teryx brand. We value our partnership with the city of Ogden, Weber County and the state of Utah. We’re committed to supporting the local community by providing great experiences for skiers, snowboarders, runners, bikers and hikers and proud to call Utah our home.”
Amer Sports may earn up to 15% of the new state taxes it will pay over the five-year life of the agreement in the form of a Utah Legislature-authorized Economic Development Tax Increment Finance (EDTIF) tax rebate. The GOED Board has approved a post-performance tax rebate not to exceed $228,161.
Each year that Amer Sports meets the criteria in its contract with the state, it will earn a portion of the total tax rebate.
“To support its internationally recognized brands — including Atomic, Salmon and Suunto — Amer Sports relocated its winter and outdoor American headquarters to Ogden in 2007,” said Mike Caldwell, Ogden City mayor. “Since joining our community and reinforcing Ogden’s amazing quality of life, Amer Sports has expanded multiple times, created quality jobs and assisted with our revitalization efforts by being one of our anchor tenants at the historic American Can Complex. Amer Sports’ expansion of Arc’teryx will benefit our city, our region, the entire state of Utah and its outdoor recreation industry.”
“With Utah’s long history in outdoor products, it’s gratifying to see Amer Sports and its globally known Arc’teryx brand deepen its relationship with the city of Ogden and our state,” said Theresa A. Foxley, president and CEO of EDCUtah. “Ogden continues to be one of the nation’s hotbeds for the outdoor recreation industry.”
March 8, 2018
The Governor’s Office of Economic Development (GOED) today announced that Borsight will expand its state-of-the-art airport hangar facility in Ogden, Utah, adding up to 95 jobs, $4.1 million in new state revenue and an estimated $6.3 million in capital investment.
“Borsight’s existing facility is the largest facility at the Ogden airport, and due to some new government contracts, the company is on the cusp of doubling revenues,” said Val Hale, executive director of GOED. “We’re looking forward to their success and are happy to be a part of their continued growth and expansion.”
Borsight is a proven Prime Contractor to the United States Air Force and NATO, where its core expertise is integrating modern avionics into legacy airframes. The company excels at creating cutting-edge data-link, voice communication, and defensive counter-measure equipment to work with other electronic equipment already installed in the aircraft. The company specializes in modernizing the avionics and mission systems of US Department of Defense (DoD) airplanes and helicopters, but also has other customer relationships from Europe to Asia.
The Company is a Service-Disable Veteran-Owned Small Business which was founded in Ogden, and employees a high proportion of military veterans and recent graduates of local university engineering programs.
“GOED’s commitment to Borsight will be fantastic for all of Weber County.” said Martin O’Loughlin, a Borsight executive. “We are grateful to GOED for helping to make this possible. Our leadership team, and the leaders from Ogden City who helped make this possible, all strongly believe that Borsight’s significant investment in new facilities will attract other aviation companies to the area. Building on this scale assures other aerospace firms that the Ogden Aerospace-Industrial Sector is the right place to be. They grow more confident that their own relocation to Ogden will be a profitable move. So, this incentive is more powerful than just helping to create 95 new jobs; it has the potential for revitalizing the entire aviation ecosystem at the airport.” This investment will provide office and shop space for at least 95 new full-time equivalent jobs, and help offset some of the costs associated with significant capital investment at the airport.
The associated hangar space will be sized for large aircraft such as USAF KC-135 Aerial Refueling aircraft and commercial Boeing 737s.
Borsight will create up to 95 jobs over the next seven years. The total wages in aggregate are required to exceed 110 percent of the county average wage. Projected new state wages over the life of the agreement are expected to be approximately $33,319,518. Projected new state tax revenues, as a result of corporate, payroll and sales taxes, are estimated to be $4,125,041 over five years.
“Northern Utah continues to be a hotbed for Aerospace innovation,” said Theresa Foxley, President & CEO of the Economic Development Corporation of Utah. “We are proud to see a Utah company growing at home.”
Borsight may earn up to 20 percent of the new state taxes they will pay over the seven-year life of the agreement in the form of a post-performance Economic Development Tax Increment Finance (EDTIF) tax credit rebate. As part of the contract with Borsight, the GOED Board of Directors approved a post-performance tax credit rebate not to exceed $825,008. Each year as Moog meets the criteria in its contract with the state, it will earn a portion of the total tax credit rebate.