Campbell Scientific, Inc., a provider of dataloggers and data acquisition systems for long-term, unattended monitoring, will expand its operations in Logan, Utah. The $40 million project is expected to create 268 jobs over the next ten years.
The Utah Governor’s Office of Economic Opportunity awarded the company a temporary, marginal tax reduction. According to state officials, this post-performance corporate incentive is part of the Legislature’s Economic Development Tax Increment Finance program. Eligible companies work with the Economic Opportunity office to outline performance criteria. Once the office confirms those criteria have been met, companies can receive a refund of a percentage of the new, additional state taxes they paid until their contract expires.
“We have seen strong growth in our business over the last few years,” said Rob Campbell, president & CEO of Campbell Scientific. “Having been in business for almost five decades, we’re excited to continue our growth story here at our headquarters in Logan. The community in and around Logan has been an important part of our success, and we’re thrilled that we can continue to play a role in fostering a healthy and vibrant technology community here in Cache Valley.”
By expanding iin Logan, Campbell Scientific is eligible for the rural modifications of the state’s EDTIF tax credit program. Tax credits are approved by Go Utah’s governor-appointed executive director, with advice from the Go Utah Board and support from local communities.
“We’re delighted that Campbell Scientific has chosen to expand its Utah headquarters,” said Dan Hemmert, the Office of Economic Opportunity’s executive director. “Campbell not only offers superior measurement products with a variety of applications, but it also has a legacy of supporting its employees and the local community.”
Campbell Scientific may receive up to 25% of the additional state taxes it will pay over the 10-year life of the agreement in the form of a Utah Legislature-authorized Rural Economic Development Tax Increment Finance (REDTIF) tax credit. Each year that Campbell Scientific meets the criteria in its contract with the state, it will qualify for a portion of the total tax credit.
“Campbell Scientific is a global company with a five-decade legacy in Logan,” said Theresa A. Foxley, president and CEO of the Economic Development Corporation of Utah (EDCUtah). “This expansion demonstrates the company’s continued commitment to Cache County and our state’s advantages for international business.”
Campbell Scientific provides high-quality measurement and data-acquisition solutions for environmental, renewable energy, and infrastructure applications. Founded in 1974 in Logan, where the company’s headquarters remains, there are 16 Campbell Scientific offices worldwide and other subsidiary businesses in which the company maintains a majority of interest.