$4 million CAPEX
The Utah Governor’s Office of Economic Opportunity (Go Utah), the City of Grantsville, and the Economic Development Corporation of Utah (EDCUtah) are pleased to announce that Revman International, Inc. is bringing up to 70 new high-paying jobs to Utah in the next 10 years. Capital expenditures associated with the project are $4 million.
“Revman’s new distribution center will improve speed to consumers and reduce the cost for retailers,” said Dan Hemmert, Go Utah’s executive director. “We’re excited they have chosen to grow in Tooele County and for the opportunities they’ll bring to the area.”
Revman is a leading distributor of bedding, bath, and home decor products, sold under a portfolio of licensed, globally-known brands. Some brands in the portfolio include Nautica, Vera Wang, Eddie Bauer, Laura Ashley, and Tommy Bahama.
“We’re delighted about the possibility of opening a new facility in Grantsville,” said Cecil Moore, COO of Revman. “Revman is a leader within the home textiles business and especially within the industry’s e-commerce sector. The new facility will help us serve our customers and the end consumer faster and more efficiently. This investment is another example of our commitment to the continued success and growth of our business with our retailers and customers while constantly working to improve our overall customer service. We’re excited about this new chapter for our company, and we look forward to working with all the residents of Tooele County.”
Revman may receive up to 15% 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 Revman meets the criteria in its contract with the state, it will qualify for a portion of the total tax credit.
"We’re excited to welcome Revman International to the LakeView Business Park — a development that will benefit everyone with jobs and opportunity for Tooele Valley residents,” said Grantsville Mayor Brent Marshall. “It's another major business coming to Grantsville, and we look forward to establishing new business relationships with great companies like Revman International."
“In the home goods market, speed of delivery to the retailer and end customer is critical,” said Theresa A. Foxley, president and CEO of EDCUtah. “Opening a distribution center in Utah makes Revman International more competitive for the West Coast market and reduces freight costs. We look forward to their continued expansion.”
Rusty Bollow of Colliers – Salt Lake City (an EDCUtah investor) provided support services to the company throughout this project and made introductions to EDCUtah.
Erin Farr, senior business development manager, led Project Calico for EDCUtah.
For more information on this or other projects, contact Colby Cooley, at 801-323-4250, firstname.lastname@example.org.
Investors: If you were involved in this project and would like to add your organization to this announcement, please email email@example.com
Senior Business Development Managerefarr@edcutah.org