$7 billion capex
Project Tripletail

Tract, a developer of master-planned data center parks, announced its acquisition of more than 668 acres of land in Eagle Mountain, UT. The land sits within Eagle Mountain’s Regional Technology Innovation (RTI) Overlay, which allows for by-right use for data centers, advanced manufacturing, research and development sites, supported by expedited administrative review processes for site plans and permits.

“We identified data centers early on as a way to employ residents, pay for the infrastructure of our growing city, and form partnerships to strengthen this close-knit community,” said Mayor Tom Westmoreland of Eagle Mountain. “Beyond the fiscal impact, our new technology neighbors have been great additions to our community, and we look forward to working with partners like Tract to develop new campuses and expand our emergence as a tech hub while maintaining our small-town charm.”

According to JLL’s recent North America Data Center Report, data center demand in Salt Lake City is being boosted by both hyperscalers and wholesale providers, driving net absorption in the first half of 2023 to nearly two thirds of the total market inventory. Wholesale providers Aligned, NOVVA, and DataBank have all announced recent expansions. QTS has announced it will enter the Salt Lake market in Eagle Mountain, joining Meta who is in the process of building a campus and Google who has acquired land there.

“Data centers continue to migrate to campus deployments and the building blocks for land and power are getting bigger to keep pace with the underlying demand,” explained Graham Williams, chief investment officer of Tract. “Building on Utah’s data center sales tax exemption and low power rates, Eagle Mountain has distinguished itself through thoughtful planning and having sufficient contiguous land to meet the campus needs of tomorrow. We appreciate the partnership with the city and look forward to accelerating responsible infrastructure for data center development.”

“We appreciate Tract’s leadership in minimizing water impact, as well as their innovative approaches to powering their campuses,” said Scott Cuthbertson, president and CEO of the Economic Development Corporation of Utah. “Resource-conscious data center expansion can help ensure economic prosperity for the State of Utah, today and in the future.”

Project Tripletail was supported by Tom Freeman at Colliers, an EDCUtah Builder’s Circle investor.

For more information, visit tract.com. For media inquiries, please contact media@tract.com.

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190 jobs
339,000 sq ft.
$237 million capex
Project Merlin

Today, the Utah Governor’s Office of Economic Opportunity and the Economic Development Corporation of Utah (EDCUtah) announced the establishment of a 339,000 sq. ft. baking facility by Nature’s Bakery in Salt Lake City. Nature’s Bakery projects to add over 190 jobs to its Utah location and invest $237 million in the Utah facility.

“We offer a warm welcome to Nature’s Bakery, a producer of wholesome, plant-based food that aligns with our state’s health-conscious lifestyle and love for outdoor activities,” said Ryan Starks, executive director of the Utah Governor’s Office of Economic Opportunity. “With Utah’s strong emphasis on well-being and sustainability, Nature’s Bakery’s offerings are poised to resonate with our communities. We look forward to the positive impact it will bring to our local economy, the creation of many jobs, and contribution to the flourishing food culture in Utah.”

Founded in 2011 and headquartered in Reno, Nevada, Nature’s Bakery, part of Mars, Incorporated family of brands, has become the eighth best-selling and fastest-growing granola and snack bar brand in a +$4B category. Nature’s Bakery bakes the goodness of real ingredients into convenient, on-the-go snacks that are plant based, dairy-free, nut-free, and Non-GMO Project Verified. Their products are sold nationally at Target, Walmart, Costco and more, across 100,000 stores and counting.

“I am thrilled for our strategic expansion with the establishment of a cutting-edge baking facility in Salt Lake City,” shared Steve Gardiner, CEO of Nature’s Bakery. “This investment marks a significant milestone in our brand’s ability to drive greater capacity to meet growing consumer and retailer demand. As a self-manufacturer, this facility joins our existing bakeries to reflect our commitment to innovation and quality, and underscores our confidence in the thriving business environment of Utah. We look forward to contributing to the local economy, cultivating community, and creating job opportunities as we further our brand purpose of nourishing families and enabling them to thrive.”

To accelerate the growth of their better-for-you snacking platform, Nature’s Bakery has been part of the Mars family of companies since 2020. “This investment symbolizes our dedication to scaling our brands responsibly, upholding Mars’ pledge to be America’s prime destination for insurgent brands,” shared Juan Martin, Health & Wellness president at Mars, Incorporated.

“Nature’s Bakery’s investment is a reflection of Team Utah’s collaborative and thorough recruitment process, and we appreciate the close involvement from Utah’s community partners and utility providers,” said Scott Cuthbertson, president and CEO of EDCUtah. “We look forward to continuing to partner with Nature’s Bakery as they grow and prosper in Salt Lake City.”

“Salt Lake City is a premier destination for business, and we’re happy to welcome Nature’s Bakery to the community,” Salt Lake City Mayor Erin Mendenhall said. “With over 190 new high-quality jobs, businesses like Nature’s Bakery, which support the needs of our workforce, are an important part of growing the economy for our families. This is a win for Salt Lakers and everyone who loves to live, work, and play here.”

Nature’s Bakery’s new facility is scheduled to initiate operations in July 2025.

Katherine Morrell-Moser, senior business development manager, led Project Merlin for EDCUtah. Chris Liddell and Tom Dischmann, both of CBRE, facilitated the property sale.

For more information about Nature’s Bakery, contact Hanna Teklu, senior director of marketing communications, at hteklu@naturesbakery.com.‍

Investors: If you were involved in this project and would like to add your organization to this announcement, please email connect@edcutah.org.

About Nature’s Bakery   ‍

Nature’s Bakery believes that simple, wholesome snacks are the best fuel for active, joyful lives. Since 2011, they’ve soft-baked the goodness of real ingredients like sun-ripened fruit and hearty whole grains into snacks that are plant-based, nut-free, dairy-free, gluten-free, and Non-GMO Project Verified. Nature’s Bakery products include Whole Wheat Fig Bars, Gluten Free Fig Bars, Oatmeal Crumble bars, Organic Baked-Ins bars, Brownie bars, and Fig Bar Minis. Nature’s Bakery products can be purchased online at naturesbakery.com and Amazon. For more information, please visit naturesbakery.com/press-room or join the conversation on Instagram, TikTok, and Facebook.

‍About Mars Incorporated ‍

Mars, Incorporated is driven by the belief that the world we want tomorrow starts with how we do business today. As a global, family-owned business, Mars is transforming, innovating, and evolving to make a positive impact on the world. Across our diverse and expanding portfolio of quality snacking, food, and pet care products and services, we employ 140,000+ dedicated Associates. With more than $47 billion in annual sales, we produce some of the world’s best-loved brands including Nature’s Bakery®, Ben’s Original™, CESAR®, Cocoavia®, DOVE®, EXTRA®, KIND®, M&M’s®, SNICKERS®, PEDIGREE®, ROYAL CANIN®, and WHISKAS®. We are creating A Better World for Pets through our global network of pet hospitals and diagnostic services – including AniCura, BANFIELD™, BLUEPEARL™, Linnaeus and VCA™ – using cutting edge technology to develop breakthrough programs in genetic health screening and DNA testing.

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For additional information or to schedule an interview, please contact us.

155 jobs
$40 million capex
Project Orange

The Utah Governor’s Office of Economic Opportunity (GOEO) and the Economic Development Corporation of Utah (EDCUtah) are pleased to announce that MasterControl plans to bring 155 new, high-paying jobs in Utah during the next six years.

“We are pleased to see the expansion of a globally reputable company such as MasterControl as it reflects Utah’s thriving spirit of progress,” said Ryan Starks, executive director of the Governor’s Office of Economic Opportunity. “MasterControl’s expansion speaks to Utah’s reputation as a hub for tech innovation and underscores the company’s commitment to economic growth within our state. We congratulate them on this strategic decision.”

MasterControl is a leading provider of quality and manufacturing software for pharmaceutical, medical device, and other regulated industries. For thirty years, its mission has been the same as that of its customers — to bring life-changing products to more people sooner. MasterControl’s innovative Advanced Data and Process Technology (ADAPT) Platform helps companies digitalize, automate, and connect complex processes to accelerate operations, reduce costs, and ensure compliance. That’s why over 1,100 companies worldwide use MasterControl’s software, analytics, and artificial intelligence solutions every day to manufacture the highest quality products — faster. MasterControl is headquartered in Cottonwood Heights, Utah, and has global offices in the United Kingdom, Japan, Australia, and Singapore.

“MasterControl started in Utah more than 30 years ago, and we are delighted to be expanding once again as we develop quality and manufacturing software that will help our customers bring life-changing products to market,” said Jon Beckstrand, CEO of MasterControl. “Utah offers a healthy business environment, a highly educated workforce, and lifestyle amenities that are all important aspects for MasterControl’s continued success.”

“In addition to being a Silicon Slopes company itself, MasterControl is a key contributor to several of Utah’s targeted industry sectors, including software and IT, life sciences, and aerospace and defense,” said Scott Cuthbertson, president and CEO of EDCUtah. “We’re pleased to see one of Utah’s anchor companies continue to grow right here in Utah.”

Erin Farr, vice president of business development manager, led Project Orange for EDCUtah.

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Investors: If you were involved in this project and would like to add your organization to this announcement, please email connect@edcutah.org.

For additional information or to schedule an interview, please contact us.

25 jobs
5,000 sq ft.
$2 million capex
Project Recycle

The Economic Development Corporation of Utah (EDCUtah) and the Utah Governor’s Office of Economic Opportunity (GOEO) are pleased to announce that Fairmat, the leading French deeptech company specializing in carbon fiber recycling, selected Utah for their first U.S. facility (Q2 2024). This expansion will leverage Fairmat’s tech-enabled manufacturing processes to address carbon fiber waste in the United States.

“We’re thrilled to have Fairmat establish its U.S. presence in Utah,” said Ryan Starks, executive director of the Utah Governor’s Office of Economic Opportunity. “Carbon fiber recycling is crucial, particularly with Utah’s strong presence of aerospace and manufacturing companies. Our state values environmental stewardship, and we hope Fairmat’s move to Utah will lead the way in attracting like-minded businesses and promoting a circular economy.”

“This partnership demonstrates how strategic economic development can support existing Utah companies and target industries,” said Scott Cuthbertson, president and CEO of EDCUtah. “Company leaders in Utah’s advanced manufacturing industry saw an opportunity to improve the carbon fiber supply chain locally. After years of collaboration to find the right solution, Utah will welcome the first carbon fiber recycling facility of its kind in the U.S.”

Fairmat’s breakthrough recycling process transforms carbon fiber composites, working with clients across industries. Their R&D investments in robotics, artificial intelligence, and data-driven manufacturing allows them to produce 100 percent recycled, high-performance repurposed materials, strengthened yet lightweight.

This new manufacturing facility and office in the U.S. will bring Fairmat closer to the region’s carbon fiber material hub and its U.S. clients. Building on its success in Europe, Fairmat will establish a high-tech closed-loop ecosystem, diverting carbon fiber materials from landfills by recycling these composites and incorporating them into product design in the U.S.

“At Fairmat, we are reinventing the recycled carbon fiber chain. Our ecosystem is a fully-integrated infrastructure that spans the entire value chain, from research and development to design and manufacturing. Today, I am excited that our highly skilled workforce will soon provide our solutions and engineering know-how for our U.S. customers,” said Antoine de Turckheim, Fairmat U.S. country manager.

Fairmat will also provide the local Utah workforce with a unique opportunity to join a deeptech startup while at the same time an industrial company.

Alice Balagué, Fairmat chief impact officer, highlighted the company’s unique appeal: “Fairmat presents two compelling facets for our current talent and these future roles: first, our impact-driven approach appeals to professionals passionate about making a difference within a startup environment. Second, our focus on deep tech and industrial engineering attracts those enthusiastic about contributing to innovative solutions.”

“With the growing innovation sectors here in Salt Lake City, we’re perfectly situated and excited to welcome Fairmat to our city,” said Lorena-Riffo Jenson, director of the Salt Lake City Department of Economic Department. “The environmentally-conscious work of recycling materials that would otherwise find their way into a landfill is an appreciated addition to the business ecosystem along the Wasatch Front.”

Utah Advanced Materials Manufacturing Initiative (UAMMI) organized industry support to attract a carbon fiber recycling company to Utah and brought the opportunity to EDCUtah. UAMMI’s report, Potential for Carbon Fiber Recycling, provided foundational research to support Fairmat’s decision to open in Utah.

Erin Farr, vice president of business development, led Project Recycle for EDCUtah.

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Investors: If you were involved in this project and would like to add your organization to this announcement, please email connect@edcutah.org.

For additional information or to schedule an interview, please contact us.

About Fairmat

Established in 2020 by Benjamin Saada, Fairmat specializes in recycling carbon fiber, manufacturing second-gen composites, and designing circular industrial solutions. Fairmat works with clients across industries, from electronics and mobility to sports and lifestyle. Headquartered in France with a manufacturing facility, an office in Spain and over 150 dedicated employees, Fairmat is actively expanding internationally. For more information, visit Fairmat.

54 jobs
50,000 sq ft.
$21 million capex
Project Kilauea

The Utah Governor’s Office of Economic Opportunity (GOEO) and the Economic Development Corporation of Utah (EDCUtah) are pleased to announce that Thales plans to bring up to 54 new, high-paying jobs and invest about $21 million in Salt Lake City over the next 10 years, an endeavor that will include moving to a new, larger facility to expand the impact of its Moog acquisition.

Thales established its presence in Salt Lake City with the acquisition in 2021 of Moog’s Navigation Systems, which offers more comprehensive aerospace navigation aid solutions to the U.S. military and customers worldwide. Thales has over 80 years of experience and expertise in staffing and executing major ATM (Air Traffic Management) programs for customers, including the U.S. Department of Defense (DOD), the Federal Aviation Administration (FAA), NAV CANADA, and the Canada Department of National Defense (DND). In total, Thales systems account for more than 75% of all navigation aids globally, and 99% of U.S. commercial airports rely on Thales navigation aids to assist pilots in landing.

With 4,300 employees in 22 states and 600 new hires planned in 2023, Thales is an established player with a growing footprint in the United States. The Group is particularly recognized in the US defense sector, with a continuum between cybersecurity and defense, and has an increasing presence in digital identity and security.

“Thales is globally renowned in its sphere of specialty navigation systems and is an asset to Utah’s dynamic aerospace and defense community,” said Ryan Starks, executive director of the Governor’s Office of Economic Opportunity. “The company has proved its expertise working with the U.S. Department of Defense and other agencies, broadening our state’s connection worldwide. We’re grateful for Thales’ commitment to Utah’s economy and look forward to continuing our working relationship.”

“Today’s increasing global security concerns have created a strong demand for tactical navigation products enabling our government’s and our allies’ contingency air operations and evolving military mobility needs,” said Todd Donovan, vice president of Airspace Mobility Solutions – Americas. “We’re pleased to work with Utah to support this growth and continue the nearly 70-year legacy in Salt Lake City.”

“Because of our thriving talent pool, easy access to the beautiful outdoors, and booming commerce and culture scene, Salt Lake City continues to be the place where businesses want to land and expand. We are excited for the Thales expansion and for the good jobs it will bring,” said Salt Lake City Mayor Erin Mendenhall. “Not only is this a win for the aerospace and defense industry here in Utah, it’s also a win for Salt Lake City residents who will benefit from the jobs and positive economic impact.”

“Thales’ reinvestment and expansion in Utah continues to add depth and expertise to our thriving aerospace and defense industry,” said Scott Cuthbertson, president and CEO of EDC Utah. “We welcome its commitment to growing in Salt Lake City and providing quality high-paying jobs at their new facility.”

Gerritt Vander Linden, business development manager, led Project Kilauea for EDCUtah.

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Investors: If you were involved in this project and would like to add your organization to this announcement, please email connect@edcutah.org.

For additional information or to schedule an interview, please contact us.

75 jobs
100,000 sq ft.
$4.5 million capex
Project Linsanity II

The Utah Governor’s Office of Economic Opportunity (GOEO) and the Economic Development Corporation of Utah (EDCUtah) are pleased to announce that EZARC Solutions plans to bring up to 75 new, high-paying jobs and invest about $4.5 million in Utah County over the next 5 years.

“We congratulate EZARC on its decision to expand its fabrication and manufacturing capabilities in Utah,” said Ryan Starks, executive director of the Governor’s Office of Economic Development. “With the strong presence of the semiconductor and advanced manufacturing industries in the Western U.S., EZARC is uniquely positioned geographically to address the market needs in Utah and beyond.”

EZARC is trusted by the world’s most innovative companies to develop end-to-end solutions for construction problems ranging from simple to complex. The company is dedicated to building solutions with clients from preconstruction engineering and design through estimating and construction to operational start-up and maintenance. EZARC is a building solutions partner for structural steel, miscellaneous metals, custom metal fabrications, rigging, and tool and equipment installations, including new build, renovation, and clean environments. For over 31 years, EZARC has found ways to change how things have been done and provide new and revolutionary approaches.

“We could not be more pleased to call Utah our home and have the support of the Utah Governor’s Office of Economic Opportunity, EDCUtah, and our local communities, with our unprecedented growth and expansion,” said Steve Bowers, president and COO at EZARC Inc. “EZARC is becoming a world leader within the semiconductor, data center, and advanced manufacturing industries, by providing innovative solutions that are changing the ways our client can meet the demands of an ever-changing world.”

“We are pleased to see another local company choose to reinvest in Utah,” said Scott Cuthbertson, president and CEO of EDCUtah. “Semiconductor manufacturing is a priority industry for Utah and the United States, and we look forward to growing our state’s capacity for this critical supply chain.”

Gerritt Vander Linden, business development manager, led Project Linsanity for EDCUtah.

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Investors: If you were involved in this project and would like to add your organization to this announcement, please email connect@edcutah.org.

For additional information or to schedule an interview, please contact us.

100 jobs
$4 million capex
Project Gemini

The Utah Governor’s Office of Economic Opportunity and the Economic Development Corporation of Utah (EDCUtah) are pleased to announce that Procter & Gamble Paper Products Company (P&G) plans to bring at least 100 new high-paying jobs to rural Utah during the next 20 years. Capital expenditures associated with the project are $400 million.

“Procter & Gamble is a well-known company with brands that are in almost all Utah households,” said Ryan Starks, executive director of the Governor’s Office of Economic Opportunity. “We’re excited they have decided to expand in Box Elder County, and we wish the company success as they continue to grow.”

P&G is a multinational corporation that manufactures consumer products in countries throughout the world. The company produces products in the cleaning, laundry, paper, beauty care, and health care segments. P&G’s brands have been trusted in millions of living rooms, kitchens, laundry rooms, and bathrooms for generations. For over 180 years, the company has committed to making people’s lives better in small but meaningful ways.

The Procter & Gamble Box Elder facility was established in 2010 and has expanded multiple times. It currently operates on approximately 750 acres of land, with over 40 acres under its roof. Today, over 500 employees work at the site supporting the company’s efforts across P&G’s Paper, Baby Care, and Feminine Care businesses.

“We are excited to expand our operations in Box Elder County to meet the growing demand for our products and serve our consumers,” said Seth Garner, senior director of Product Supply Manufacturing, Box Elder Plant. “We’re grateful to the Box Elder County community, a place we have called home since 2010, for their continued support, and we look forward to many years of partnership and growth.”

P&G may receive up to 10% of the additional state taxes it will pay over the 20-year life of the agreement in the form of a Utah Legislature-authorized Rural Economic Development Tax Increment Financing (REDTIF) tax credit (U.C.A. 63N-2-106(2)). Each year P&G meets the criteria in its contract with the state, it will qualify for a portion of the total tax credit.

“We are thoroughly impressed by Procter & Gamble’s continued investment in Box Elder County and their commitment to being a world-class corporate citizen,” said Scott Cuthbertson, president and CEO of EDCUtah. “The company’s ongoing diligence in resource stewardship and quality job growth makes them an ideal partner in Utah’s goal for economic prosperity.”

Stephanie Pack, senior business development manager, led Project Gemini for EDCUtah.

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If you were involved in this project and would like to add your organization to this announcement, please email connect@edcutah.org.

For additional information or to schedule an interview, please contact us.

1,260 jobs
$90 million capex
Project 502

Today, the Utah Governor’s Office of Economic Opportunity (GOEO) and the Economic Development Corporation of Utah (EDCUtah) are pleased to announce that Adobe plans to bring 1,260 new, high-paying jobs and invest nearly $90 million in Utah.

“Adobe elevates Utah’s business community,” said Gov. Gary R. Herbert. “They play a key role in the development of the Point of the Mountain and Silicon Slopes. We look forward to their continued leadership and success in the state.”

Adobe has several locations at which it could have expanded, and the company chose Utah because of the state’s educated workforce and rapidly growing technology industry. A previous recipient of a post-performance incentive from GOED, Adobe is receiving a new incentive for its additional investment in the state and creation of new jobs.

Founded in 1982, Adobe is one of the largest, most diversified software companies in the world. Known for products including Photoshop, Acrobat Reader, Creative Cloud, Experience Cloud and more, the company employs more than 17,000 worldwide.

“As a pioneer to the Point of the Mountain development area, it has been exciting to witness the tremendous growth here for both Adobe and the state,” said Jonathan Francom, vice president of employee and workplace solutions at Adobe. “We are glad to be embarking on phase two of our marquee building in Lehi and are thrilled to be contributing to the growing economy through our local employee base.”

Adobe will embark on a “Phase 2” building in Lehi and working space expansion within its current Lehi building, adding capacity for approximately 1,260 employees over the next 20 years. The total wages in aggregate are required to exceed 110 percent of the Utah County average wage. The company projects the new positions will pay approximately 300 percent of the average wage. The projected new state wages over the life of the agreement are expected to be approximately $2.3 billion. Projected new state tax revenues, as a result of corporate, payroll and sales taxes, are estimated to be $85.8 million over 20 years.

“Not only is Adobe a leader in Utah’s tech market, but they are also an incredible community partner,” said Theresa Foxley, president and CEO of the Economic Development Corporation of Utah. “Their continued investment in Utah is a sign of our tech community’s bright future.”

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EDCUtah Investors: If you were involved with this project and would like to have your organization mentioned, please email connect@edcutah.org and we’ll update this article.

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