Procter & Gamble Expands Its Paper Products Production Center In Box Elder County, Utah
“This facility is an important part of P&G’s U.S. manufacturing footprint, and its expansion is a strategic part of P&G’s North American Supply Network Re-design,” said Yannis Skoufalos, P&G’s global product supply officer. “We are extremely grateful to all state and local officials, including Governor Herbert, for their support.”
As part of the contract with P&G, the Utah Governor's Office of Economic Development Board of Directors has approved up to a maximum tax credit of $11,146,615 in the form of post-performance Economic Development Tax Increment Finance incentive, which is 30 percent of the new state taxes P&G will pay over the 20-year life of the agreement. Each year as P&G meets the criteria in its contract with the state, it will earn a portion of the total tax credit incentive.
“Procter & Gamble’s decision to expand its existing state-of-the-art facility in Box Elder County will continue to serve as a catalyst for quality job growth and increased capital investment in Utah,” said Jeff Edwards, President/CEO of Economic Development Corporation of Utah (EDCUtah.) “It is very exciting to see a global leader like P&G select Utah for a second time to grow their business.”
“This expansion is a significant boost for our state’s manufacturing sector, as well as the local communities where they operate,” said Governor Gary R. Herbert. “Procter & Gamble has invested greatly in Utah because we strive to maintain an innovative and business-friendly environment. We hope more and more businesses will take notice.”
International Automotive Components Group Plans Factories in Calhoun and Tuscaloosa County, Alabama
Why are Foreign Trade Zones Making a Comeback?
34th Annual Corporate Survey & the 16th Annual Consultants Survey
Infrastructure Investment as an Economic Stimulus Tool
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row
How are Uncertain Times Altering Company Location Strategies?
The New Normal in the Automotive Supply Chain
2020 Auto/Aero Site Guide