$40 million CAPEX
The Utah Governor’s Office of Economic Opportunity (Go Utah) and the Economic Development Corporation of Utah (EDCUtah) are pleased to announce that Campbell Scientific plans to bring up to 268 new high-paying jobs to Logan, Utah during the next 10 years. Capital expenditures associated with the project are $40 million.
“We're delighted that Campbell Scientific has chosen to expand its Utah headquarters,” said Dan Hemmert, Go Utah's executive director. “Campbell not only offers superior measurement products with a variety of applications, but it also has a legacy of supporting its employees and the local community."
Campbell Scientific provides high-quality measurement and data-acquisition solutions for environmental, renewable energy, and infrastructure applications. Founded in 1974 in Logan, where the company's headquarters remain, there are 16 Campbell Scientific offices worldwide and other subsidiary businesses in which the company maintains a majority of interest.
“We have seen strong growth in our business over the last few years,” said Rob Campbell, president & CEO of Campbell Scientific. “Having been in business for almost five decades, we’re excited to continue our growth story here at our headquarters in Logan. The community in and around Logan has been an important part of our success, and we’re thrilled that we can continue to play a role in fostering a healthy and vibrant technology community here in Cache Valley.”
Campbell Scientific may receive up to 25% of the additional state taxes it will pay over the 10-year life of the agreement in the form of a Utah Legislature-authorized Rural Economic Development Tax Increment Finance (REDTIF) tax credit. Each year that Campbell Scientific meets the criteria in its contract with the state, it will qualify for a portion of the total tax credit.
“Campbell Scientific is a global company with a five-decade legacy in Logan,” said Theresa A. Foxley, president and CEO of EDCUtah. “This expansion demonstrates the company’s continued commitment to Cache County and our state’s advantages for international business.”
Stephanie Pack, business development manager, led Project Merrill for EDCUtah.
For more information on this or other projects, contact Colby Cooley, at 801-323-4250, email@example.com.
Investors: If you were involved in this project and would like to add your organization to this announcement, please email firstname.lastname@example.org.
Business Development Managerspack@edcutah.org