The nation’s leading manufacturer of commercial kitchen ventilation equipment, CaptiveAire Systems, Inc. will expand operations into St. George, Utah. The company plans to add up to 50 new high-paying jobs in the state in the next seven years.
CaptiveAire may earn up to 20% of the new state taxes it will pay over the seven-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 $133,786. Each year that CaptiveAire meets the criteria in its contract with the state, it will earn a portion of the total tax credit.
“We’re thrilled to open a large office and research lab in Utah,” said Bob Luddy, president and founder of CaptiveAire. “St. George has been the home of our application engineering team for some time, and we’re excited to see this area of our company grow and expand.”
“CaptiveAire will find Utah a business-friendly state that values teamwork to support corporate growth strategies,” said Theresa A. Foxley, president and CEO of the Economic Development Corporation of Utah (EDCUtah). “Thanks to the combined efforts of Team Utah, the company is already benefiting from our state’s collaborative approach.”
CaptiveAire is the nation’s leading manufacturer of commercial kitchen ventilation equipment and a quickly growing commercial and industrial HVAC equipment manufacturer. CaptiveAire’s ventilation product offering includes; dedicated outdoor air systems, listed ductwork, exhaust hoods, exhaust fans, electrical controls, industrial heaters, fire suppression systems, and many more.
“We’re thrilled to welcome CaptiveAire, the nation’s largest commercial kitchen ventilation system manufacturer, to the heart of downtown St. George,” said Gregg McArthur, director of St. George Area Economic Development. “The decision of CaptiveAire to expand its engineering operations in Washington County is evidence that we are quickly becoming a top choice for companies looking for a highly skilled workforce and a great quality of life.”