CaptiveAire Systems Establishes St. George, Utah, Operations
04/12/2021
CaptiveAire may earn up to 20% 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 $133,786. Each year that CaptiveAire meets the criteria in its contract with the state, it will earn a portion of the total tax credit.
“We’re thrilled to open a large office and research lab in Utah,” said Bob Luddy, president and founder of CaptiveAire. “St. George has been the home of our application engineering team for some time, and we’re excited to see this area of our company grow and expand.”
“CaptiveAire will find Utah a business-friendly state that values teamwork to support corporate growth strategies,” said Theresa A. Foxley, president and CEO of the Economic Development Corporation of Utah (EDCUtah). “Thanks to the combined efforts of Team Utah, the company is already benefiting from our state’s collaborative approach.”
CaptiveAire is the nation’s leading manufacturer of commercial kitchen ventilation equipment and a quickly growing commercial and industrial HVAC equipment manufacturer. CaptiveAire’s ventilation product offering includes; dedicated outdoor air systems, listed ductwork, exhaust hoods, exhaust fans, electrical controls, industrial heaters, fire suppression systems, and many more.
“We’re thrilled to welcome CaptiveAire, the nation’s largest commercial kitchen ventilation system manufacturer, to the heart of downtown St. George,” said Gregg McArthur, director of St. George Area Economic Development. “The decision of CaptiveAire to expand its engineering operations in Washington County is evidence that we are quickly becoming a top choice for companies looking for a highly skilled workforce and a great quality of life.”
Project Announcements
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
How to Overcome NIMBYism in Data Centers
Q2 2024