Intermountain Electronics Expands Carbon County, Utah, Operations
Headquartered in Price, Utah, Intermountain Electronics, Inc. designs and manufactures custom power distribution equipment for industrial customers. The company initially serviced the coal mining industry in Carbon and Emery counties. Since 2010, Intermountain Electronics has diversified by adding customers in the oil and gas, utility, renewable energy and data center sectors.
“We have deep roots in Carbon and Emery counties, and are excited to proceed with this expansion in Price,” said Phil Blackburn, CEO at Intermountain Electronics. “While we have other facilities outside of Utah that we considered for this expansion, the strong interest and collaboration from officials at both the county and state level helped us become comfortable with proceeding here. We have other challenges ahead, including growing our local staff. The support from both Carbon and Emery counties and the state of Utah gave us confidence that we have strong local partners to address these challenges going forward. We thank them for their efforts.”
Intermountain Electronics will create up to 289 jobs over the next 15 years. Intermountain Electronics may earn up to 30 percent of the new state taxes they will pay over the 15-year life of the agreement in the form of a post-performance Economic Development Increment Finance (EDTIF) tax rebate.
As part of the contract with Intermountain Electronics, the GOED Board of Directors has approved a post-performance tax rebate not to exceed $6,474,681. Each year that Intermountain Electronics meets the criteria in its contract with the state, it will earn a portion of the total tax credit rebate.
“This is a regional win for Carbon and Emery counties,” said Theresa Foxley, President & CEO of the Economic Development Corporation of Utah. “Intermountain Electronics weighed expansion options in neighboring states, but the counties, Utah State University, and the local school districts demonstrated the resources and commitment to workforce development that the company appreciated.”
“Intermountain Electronics’ decision to expand here in Carbon County is vital to the future of our local economy,” said Larry Jensen, Carbon County commissioner. “The scale of its expansion will ensure many of our children will not have to leave for employment and other local businesses will see growth as demands for products and services increase. We are very grateful to the Houston family and the Intermountain Electronics staff for their investment in our community, and we are committed to supporting their efforts well into the future.”
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