The Boeing Co. plans to increase its high-tech manufacturing in Salt Lake City, Utah, with plans to initially create 104 jobs.
“Utah’s manufacturing industry is growing, and the expansion of Boeing will bring us even higher,” said Utah Gov. Gary Herbert. “I look forward to the growth this expansion will bring to Utah’s infrastructure and economy.”
The Boeing facility in Salt Lake City supports fabrication activities across all Boeing Commercial Airplane models. It currently produces Boeing’s 787-8 and 787-9 Dreamliner vertical fin assembly. Earlier this year, Boeing said it will also assemble the 787-9 horizontal stabilizer.
As an incentive, the Governor’s Office of Economic Development and other agencies offered a package of incentives that will span growth over two decades. The GOED Board of Directors approved a $1.37 million in Economic Development Tax Increment Financing refundable tax credits, which is the equivalent of 25 percent of Boeing’s new state revenues over the incentive’s 20 year lifetime.
In addition as part of the incentives deal, the Utah Department of Workforce Services and the Industrial Assistance Fund will match Boeing training funds up to $225,000 for specialty training. DWS will also provide up to $100,000 in inaugural “WorkKeys” funding in Utah.
“Boeing’s reputation for innovation and leadership has in part helped Utah gain a reputation as one of the leading states for business,” GOED executive director Spencer Eccles said. “We look forward to seeing what this new project will bring.”
“EDC Utah is thrilled to see the continued expansion of Boeing in Utah.” says Jeff Edwards, president and CEO of Economic Development Corporation of Utah. “Boeing’s impact on the aerospace industry is significant to the success of this important economic cluster in the State.”