Premier Tech, Inc., among the largest packaging equipment manufacturers, will expand its footprint in Davis County, Utah. The company plans to create 63 high-paying jobs during the next 10 years.
“We’re pleased to have Premier Tech in Davis County,” said Dan Hemmert, GOED’s executive director. “Premier Tech will add to Utah’s growing manufacturing industry, and we wish them success as they continue their growth.”
According to state officials, the systems and automation business of Premier Tech is committed to creating sustainable solutions that help improve the efficiency of manufacturing facilities. Their services include a wide range of solutions, ranging from weighing, feeding, bagging, and case packing to palletizing and load securing. Premier Tech’s bagging portfolio comprises several valve bag fillers used in many industries, namely in the chemical, mineral, and food sectors.
Premier Tech may earn up to 15% of the new state taxes it will pay over the 10-year life of the agreement as an incentive in the form of a Utah Legislature-authorized Economic Development Tax Increment Finance tax credit. The GOED Board has approved a post-performance tax credit not to exceed $274,866. Each year that Premier Tech meets the criteria in its contract with the state, it will earn a portion of the total tax credit.
“After a thorough and complex evaluation process that compared several contending regions, we could not be more gratified that Premier Tech has chosen Northern Utah for its expansion,” said Chris Roybal, president of the Northern Utah Economic Alliance (NUEA). “By offering high-paying manufacturing jobs, Premier Tech will thrive in our region.”