Utah offers incentives to lure jobs
Companies in Ogden and Salt Lake would get tax credits and grants
The Governor's Office of Economic Development Board awarded financial incentives to several companies during its meeting, including $8.3 million to Jet Aviation to develop a facility at the Ogden-Hinckley Airport that would maintain, repair and overhaul business aircraft and be a service center for certain aircraft and employee activities.
The incentive in the form of an $8 million tax credit and a $294,000 Industrial Assistance Fund grant would lead to at least 650 jobs paying 50 percent above the Weber County average. The $6.9 million capital investment would be at leased space formerly occupied by now-bankrupt Adam Aircraft.
Jerry Oldroyd, chairman of the board's incentives committee, said Jet Aviation would use all of Adam Aircraft's space and build a couple of hangars nearby.
"This is a real opportunity for Utah," Oldroyd said. "We've really targeted the Ogden-Hinckley Airport for this type of expansion it was built for that so this is a perfect, perfect fit for that operation."
The company said at the time that its maintenance facility would be 70,000 square feet of hangars and workshops that would provide heavy maintenance, component repair, refurbishment and painting for mid- to large-cabin aircraft. Jet Aviation said it would assume the existing operations of Kemp Jet Services. The executive terminal, hangars and offices occupy 51,000 square feet and include the terminal, fueling, a pilot "snooze" room, a pilot lounge, weather and flight planning and an on-site restaurant.
The company has about 5,100 employees worldwide.
The GOED board on Friday also approved a $3 million tax credit incentive for Salt Lake City-based Boart Longyear to expand its corporate headquarters operations. The expansion would mean more than 200 new jobs, paying twice the county median wage, according to board documents.
Board documents indicate South Jordan would be the site of the expansion for the company, which has 9,700 employees worldwide involved in drilling services and products used in mining.
"It's a significant corporate headquarters," Oldroyd said. "With this expansion, our goal is to keep them here. They could put this expansion anywhere in the world. It would be just as easy to put it anywhere where they have operations, but they would like to keep it in Utah, and obviously we would, too."
Recent comments
You're a Utah businessman who has employed people and paid taxes in...
Tax fairness? | July 20, 2008 at 12:20 a.m.
Most of these companies move here, and transfer there own people from...
John | July 19, 2008 at 8:29 p.m.
I know nothing about any of these c0ompanies or their operations but...
L | July 19, 2008 at 7:49 p.m.
- Odd Fellows Hall move 6:13 p.m.
- Man charged in child sexual assault 5:43 p.m.
- Jazz in back of line for free agents 5:36 p.m.
- Dining out: Ruth's Diner 5:04 p.m.
- Tactfully bring up plastic surgery 5:04 p.m.
- Malden's craft made good movies 5:04 p.m.
- Megan Joy looks forward to Utah 5:04 p.m.
- Movie listings 5:04 p.m.
- Box office 5:04 p.m.
- Weekend calendar 5:04 p.m.
- Blazers may offer Millsap a contract
- Utah's top 10: Wealth of recreation
- MWC, WAC rushed into BCS
- Restaurant burns in 3-alarm fire
- O'Connor unhappy Fes not with team
- Send Boozer to the Bulls?
- Keeping golf light on the wallet
- Teen injured in fall from waterfall
- Fatigued Jazz no match for Pacers
- River flow marks birth of sanctuary
- Bronco collecting a galaxy of recruits
138 - Letters: Palin mistreated
136 - Teachers struggle with district cuts
134 - Blazers may offer Millsap a contract
117 - 'Tea party' protesters unhappy
107 - Fairness of BCS debated
81 - Stadium of Fire lights up the 4th
79 - Chaffetz eyes challenging Bennett
72 - Millsap not franchise player
70 - Services bids farewell to Jackson
70
Through the years, I've always raised eyebrows whenever I tell people...
The night was balmy though buggy at SPOC, the Stansbury Park Observatory...
No conservatives writing about missile "Kumbaya?" Tell us how weak Obama is...
The number of cosponsors is up to 250. Sorry for the mistake.
Enlighten us, what else does this bill do? Whether or not these...
it happened from 1pm - 3pm
An ancient proverb states: he that giveth to the rich shall surely come to...
Not politically correct and also pretty ignorant, but I've come to expect...
9:23 a.m Paul Krugman disagrees with you. When he advocated for the creation...
More greed for more entitlements! Who will pay for this greed? Our...
Thomas is great shot blocker. I love his intensity and determination in every...
American Legion has some great talent, dont take anything away from them...


