$68 million CAPEX
312,000 sq. ft.
The Utah Governor’s Office of Economic Opportunity and the Economic Development Corporation of Utah (EDCUtah) are pleased to announce that Schreiber Foods plans to bring at least 52 new high-paying jobs to Utah during the next eight years. Capital expenditures and square footage associated with the project are $68 million and 312,000 sq. ft.
“We’re pleased to welcome the expansion of Schreiber Foods in Utah,” said Ryan Starks, executive director of the Governor’s Office of Economic Opportunity. “The company’s vision to do good through food and create a positive impact in business and communities aligns well with our values in Utah.”
Schreiber Foods is a customer-brand leader in cream cheese, natural cheese, process cheese, beverages, and yogurt. The company is based out of North America but employs more than 9,000 employees across five continents with annual sales of more than $6.8 billion. Schreiber Foods’s high standards include partnering with the best retailers, restaurants, distributors, and food manufacturers worldwide.
Schreiber Foods may receive up to 25% of the additional state taxes it will pay over the eight-year life of the agreement in the form of a Utah Legislature-authorized Economic Development Tax Increment Financing (EDTIF) tax credit (U.C.A. 63N-2-106(2)). Each year Schreiber Foods meets the criteria in its contract with the state, it will qualify for a portion of the total tax credit.
“Schreiber Foods has been a premier employer in Logan for over 40 years,” said Scott Cuthbertson, president and CEO of EDCUtah. “This expansion demonstrates a commitment to their Logan-area employees and their confidence in Utah as a place to do business.”
Stephanie Pack, senior business development manager, led Project Altitude/Helado for EDCUtah.
Investors: If you were involved in this project and would like to add your organization to this announcement, please email firstname.lastname@example.org.