Trucking Firm Prime Inc. To Establish Western Hub In Salt Lake City, Utah
“We are excited to announce the expansion of our western regional operations in one of the most beautiful cities in America, Salt Lake City,” said Robert Low, Founder/CEO of Prime Inc. “We value the strong partnership and support within the community because it will enhance our growth. Salt Lake City is integral to our operational growth initiatives. We plan to build our facilities with our associates—our most important asset—in mind. With the best truck drivers on America’s roads today supported by an exceptional hiring base available in the Salt Lake City area, Prime anticipates great success in this venture.”
As part of a contract with Prime Inc., the GOED Board of Directors has approved up to a maximum tax credit of $312,511 in the form of post-performance Economic Development Tax Increment Finance incentives, which is 15 percent of the new state taxes Prime Inc. will pay over the five-year life of the agreement. Each year, as Prime Inc. meets the criteria in its contract with the state, it will earn a portion of the total tax credit incentive.
“We’re thrilled to welcome a company of this caliber to the state,” said Val Hale, Executive Director of Utah Governor's Office of Economic Development. “Prime Inc., like many companies before them, has discovered that Utah is a choice location for western U.S. operations. Beyond location, we also look forward to showing Prime how our nation-leading business environment can support its growth.”
“Prime Inc.’s decision to establish a new facility in Salt Lake City, the crossroads of the West, will give them much greater access to their western U.S. clients,” said Jeff Edwards, President/CEO of Economic Development Corporation of Utah. “Salt Lake City’s central location for distribution will put Prime Inc. within a one- to two-day drive to half of the nation’s population.”
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