$10 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 Jabil, Inc. plans to bring up to 150 new high-paying jobs to Tooele County during the next seven years. Capital expenditures associated with the project are $10 million.
“Jabil is a global leader in manufacturing. This project focuses on energy storage, and it will have significant ripple effects in Tooele County and green energy industries,” said Dan Hemmert, Go Utah’s executive director. “This is a big win for the state, and we hope to see additional Utah expansions from Jabil in the future.”
Jabil is a global manufacturing company with more than 260,000 employees across 100 locations in 30 countries. Jabil has a list of customers, including 300 of the world's biggest brands in every market, from healthcare, packaging, smartphones, and cloud equipment to automotive and home appliances.
Jabil may receive up to 30% of the additional state taxes it will pay over the seven-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 Jabil meets the criteria in its contract with the state, it will qualify for a portion of the total tax credit.
“The Jabil expansion demonstrates that Utah has the talent and infrastructure to support the fast-growing battery industry,” said Theresa A. Foxley, president and CEO of EDCUtah. “With Jabil’s lead, we foresee other similar projects coming our way. Congratulations to Tooele County, and thanks to Mel Lavitt and other Utah proponents who advocated for Utah with the company.”
CBRE’s Alex Frei, Tedd Carrison, and Andy Blunt provided real estate and site selection support to the company.
Katherine Morrell, business development manager, led Project HS/Future 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 Managerkmorrell@edcutah.org