High-Tech Firm Expects to Hire Up to 600 Utah Workers Over Next Decade
12/12/2011
Hexcel is one of America's largest producers of carbon fiber and carbon fiber pre-pregs, and has advanced composite facilities located around the world. Its facility in West Valley City is one of its biggest U.S. operations. The company's products are the first step in a local supply chain that ultimately produces structures for large and small commercial airplanes as well as key space and defense programs.
The new positions will be added in several increments in the next decade, and possibly result in a 100 percent increase in Hexcel's West Valley City workforce. It's anticipated that wages for these jobs will be above 125 percent of the average salary (including benefits) in the county.
GOED is supplying major financial assistance via a recently approved one-time, post-performance EDTIF refundable tax credit of $7. 76 million (doled out over the next 10 years). Hexcel plans to make significant capital investments for the expansion over the life of the incentive, while Utah is expected to gain as much as $30 million in new state revenue.
"This expansion is a testament to Utah's position on the leading edge of the advanced composites industry," said Gov. Gary Herbert, "and it will be a major boost to our efforts to accelerate private-sector job creation."
Project Announcements
GE Appliances Expands Jefferson County, Kentucky, Operations
06/30/2025
ValorFlex Packaging Plans Bowling Green, Kentucky, Production Operations
06/30/2025
Neuro.io Plans Terrebonne Parish, Louisiana, Operations
06/30/2025
Germany-Based MTU Maintenance Expands Fort Worth, Texas, MRO Operations
06/30/2025
Cascade Die Casting Group Expands High Point, North Carolina, Manufacturing Operations
06/30/2025
BuildOps Plans Raleigh, North Carolina, Operations
06/30/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024