Premier Tech Expands Davis County, Utah, Operations
06/16/2021
“We’re pleased to have Premier Tech in Davis County,” said Dan Hemmert, GOED’s executive director. “Premier Tech will add to Utah’s growing manufacturing industry, and we wish them success as they continue their growth.”
According to state officials, the systems and automation business of Premier Tech is committed to creating sustainable solutions that help improve the efficiency of manufacturing facilities. Their services include a wide range of solutions, ranging from weighing, feeding, bagging, and case packing to palletizing and load securing. Premier Tech’s bagging portfolio comprises several valve bag fillers used in many industries, namely in the chemical, mineral, and food sectors.
Premier Tech may earn up to 15% of the new state taxes it will pay over the 10-year life of the agreement as an incentive in the form of a Utah Legislature-authorized Economic Development Tax Increment Finance tax credit. The GOED Board has approved a post-performance tax credit not to exceed $274,866. Each year that Premier Tech meets the criteria in its contract with the state, it will earn a portion of the total tax credit.
“After a thorough and complex evaluation process that compared several contending regions, we could not be more gratified that Premier Tech has chosen Northern Utah for its expansion,” said Chris Roybal, president of the Northern Utah Economic Alliance (NUEA). “By offering high-paying manufacturing jobs, Premier Tech will thrive in our region.”
Project Announcements
Kikkoman Foods Plans Jefferson, Wisconsin, Operations
04/26/2024
BWX Technologies Expands Cambridge, Ontario, Nuclear Production Operations
04/26/2024
Greenheck Group Plans Knoxville, Tennessee, Operations
04/26/2024
Local Bounti Plans Pasco, Washington, Indoor Agricultural Operations
04/26/2024
Innovative Construction Group Plans Siler City, North Carolina, Production Operations
04/26/2024
Crystal Window and Door Systems Plans Mansfield, Texas, Headquarters-Production Operations
04/25/2024
Most Read
-
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
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024