Lineage Logistics Holdings Plans Grantsville, Utah, Facility
08/15/2022
“We look forward to expanding our presence in Utah to offer customers in the region greater capacity and logistics solutions,” said Brian McGowan, chief network optimization officer for Lineage. “The City of Grantsville has been a great partner in the project’s development, and we look forward to offering high-quality jobs to the city’s skilled residents.”
Utah Governor’s Office of Economic Opportunity awarded the company marginal tax reduction for its expansion in rural Utah, during the next five years . The post-performance corporate incentive is part of the Legislature’s Economic Development Tax Increment Financing program.
Lineage may receive up to 25% of the additional state taxes it will pay over the five-year life of the agreement in the form of a Utah Legislature-authorized Rural Economic Development Tax Increment Financing (REDTIF) tax credit. Each year that Lineage meets the criteria in its contract with the state, it will qualify for a portion of the total tax credit.
“Lineage Logistics Holdings, is a great new addition in Grantsville. The company is a premier leader in temperature-controlled warehousing and logistics, playing a role in much of the food we eat every day,” added Dan Hemmert, the Office of Economic Opportunity’s executive director. “Along with being a key component to the food supply chain, the company has also demonstrated its charitable efforts. For example, during the COVID-19 pandemic, Lineage donated 115 million meals to people in need. The company also is committed to energy efficiency and expanding its use of solar power in its facilities.”
Lineage Logistics is a provider of temperature-controlled supply chain and logistics solutions. The company’s real estate network of 400+ strategically located facilities, expertise in end-to-end logistical solutions and innovative technology help to increase distribution efficiency, advance sustainability, minimize supply chain waste and help feed the world.
“Utah is a strategic choice to help Lineage Logistics reach western U.S. customers, reinforcing our position as the crossroads of the west,” said Theresa A. Foxley, president and CEO of EDCUtah. “We welcome Lineage Logistics’ expansion to a shoulder county of the Wasatch Front, with high capital investment and a job count that allows for paced and steady growth.”
Project Announcements
Textile Manufacture 23 Farrar Street Relocates-Plans Lynn, Massachusetts, Operations
03/28/2023
Canada-Based Epsilon Industries Plans Tuscaloosa, Alabama, Prefabricated Modular Utility Systems Plant
03/28/2023
Korea-Based LG Energy Solution Plans Queen Creek, Arizona, EV Battery Manufacturing Plant
03/28/2023
France-Based CMG CleanTech Plans Osceola County, Florida, Renewable Energy Technology Manufacturing Park
03/28/2023
France-Based TIME Bicycles Plans Spartanburg County, South Carolina, Carbon Fiber Bicycle Factory
03/27/2023
Hanwha Advanced Materials Plans Cartersville, Georgia, Manufacturing Plant
03/27/2023
Most Read
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023
-
19th Annual Consultants Survey: Clients Challenged by Tight Labor Market, Energy Availability
Q1 2023
-
The Top Investment Location Prospects for Aerospace Manufacturing
Q1 2023
-
2022 Top States for Doing Business Provide an Environment for Business Growth
Q3 2022
-
How Are Economic Developers Partnering to Solve Workforce Challenges?
Q1 2023
-
Strategies to Overcome Intensifying Industrial Real Estate Challenges
Q1 2023
-
Companies Are Recalibrating Their Priorities
Q1 2023