Traeger Pellet Grills Expands Worldwide Headquarters in Salt Lake City, Utah
11/16/2020
Headquartered in Salt Lake City, Traeger designs, manufactures and sells wood pellet grills and related products.
“Traeger’s culture and growth has been shaped by all the amazing things Utah has to offer,” said Jeremy Andrus, Traeger Grills CEO. “The opportunity to expand our worldwide headquarters in the Granary District is exciting; the space speaks to the innovation that’s core to Traeger’s DNA. We’re thrilled to continue growing our brand and giving back to Utah, both in new jobs and incredible food.”
“As Traeger continues to grow, so does the popularity of its products,” said Val Hale, GOED’s executive director. “We’re glad to have such a well-known product headquartered in our own backyard. A unique part of this new expansion is that its new facility will be located in an Opportunity Zone, which will help revitalize the Granary District of downtown Salt Lake. We wish Traeger all the best with this expansion and its continued growth.”
As an incentive, Traeger may earn up to 15% 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 $882,430. Each year that Traeger meets the criteria in its contract with the state, it will earn a portion of the total tax credit.
“It’s not surprising that, in these times, a manufacturer of cooking equipment for the home market should be on a sharp upward growth trajectory,” said Theresa A. Foxley, president and CEO of the Economic Development Corporation of Utah. “We are pleased that Traeger Grills is choosing to continue their expansion in Utah.”
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