$5 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 Vitalpax plans to bring up to 40 new high-paying jobs to La Verkin, Utah during the next 10 years. Capital expenditures associated with the project are $5 million.
“We’re excited to see Vitalpax continue to grow in La Verkin, Utah,” said Dan Hemmert, Go Utah's executive director. “The company’s dedication to its local community has been obvious throughout our discussions, and we wish Vitalpax continued success."
Vitalpax is a Utah company specializing in contract manufacturing of dietary nutritional supplements. The current services provided are start-to-finish research and development, testing, sourcing and procurement, manufacturing, and delivering the final nutritional supplement product. These can include delivery forms such as tinctures, capsules, tablets, powders, juices, and more.
“Vitalpax has a phenomenal team of skilled leaders and experts within the dietary supplements industry,” said Dalyon Ruesch, CEO of Vitalpax. “With our combined 75 years of experience in contract manufacturing, we have created a full turnkey solution where clients can get everything they need to build a successful brand in one place.”
Vitalpax may receive up to 30% 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 Vitalpax meets the criteria in its contract with the state, it will qualify for a portion of the total tax credit.
“Vitalpax has been a mainstay in Washington County, and its manufacturing and distribution expansion will continue to diversify the City of La Verkin’s economy,” said Theresa A. Foxley, president and CEO of EDCUtah. “The expansion is well aligned with Gov. Cox’s goal to encourage job growth and investment across the entire state.”
Katherine Morrell, business development manager, led Project Multi for EDCUtah.
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Senior Business Development Managerkmorrell@edcutah.org