From Deseret News archives:
Mine offices moving in
Cementation USA to bring 422 full-time jobs
Cementation USA's move from Nevada will result in 422 new full-time jobs paying more than twice the county median wage, according to documents provided by the Governor's Office of Economic Development. The GOED board on Friday approved the incentive for that company, as well as others that could result in the state landing an eBay Inc. data storage center in Salt Lake County and 1,111 new jobs for Frensenius USA in Ogden.
Cementation USA's incentive is a tax credit of about $3.3 million for creating the jobs over a 10-year period. Board documents show the average pay will be about $84,000. The company's capital investment is estimated at $5.5 million, and the headquarters could be placed in South Jordan, board members said. The project is estimated to add $130.2 million in new state wages over 10 years and $15.6 million in new state revenue during that period.
Cementation USA's three major U.S. projects are in Arizona, Idaho and Michigan. The company is a wholly owned subsidiary of Cementation Canada, which was incorporated in Canada as Kvaerner Cementation in 1998 and later purchased by Murray and Roberts.
In prepared statement, Gov. Jon Huntsman Jr. said he is "delighted" that Cementation will put the U.S. headquarters in Utah. "As a leader in the mining industry, they will be joining with many Utah companies that are at the forefront of the energy production in the country," he said.
EBay's incentive is a tax credit of nearly $27.3 million. If the company, which has about 1,600 employees in Draper, chooses Utah for its data storage center, its initial capital spending with projected expansions is pegged at $334 million, board documents state.
Fifty full-time jobs would be created, and they would average 75 percent above the Salt Lake County median annual salary, which is $32,828. New state wages over 10 years are projected at $23.8 million, and new state revenue is estimated at $109.1 million for the same period.
Comments
- Y. cross country to nationals 1:34 a.m.
- Wolverine women win; Griffins lose 12:37 a.m.
- Photo: The Butler drilled it 12:37 a.m.
- Same old story for Jazz 12:35 a.m.
- Jazz game at a glance 12:32 a.m.
- Shuttle begins new mission Monday 12:31 a.m.
- NASA workers worried about future 12:31 a.m.
- Young Buck scores 55 in victory 12:30 a.m.
- Frogs shut down MWC's top rusher 12:29 a.m.
- Costly mistakes doomed Utes 12:28 a.m.
- Apostle's wife felt comfort in attack
- Can BYU root for (ick) Utah Utes?
- Short-handed Jazz fly past Sixers
- D-Will home for daughter
- Utes excited for 'dream' game
- Bench proves fruitful for Y.
- Crash on snowy road kills woman
- Born of water and the spirit
- GameDay in Fort Worth
- BYU happy to escape with victory
- SLC council OKs gay rights policies
358 - Editorial: Mormons and gay rights
200 - BYU happy to escape with victory
194 - Will state consider gay rights law?
148 - TCU plows past Utes, 55-28
134 - Can BYU root for (ick) Utah Utes?
130 - Letters: Strange breed in Utah
129 - Utes remain silent about BCS
120 - Pratt pleads not guilty to sex charges
106 - Celtics crush Jazz
104
If you are looking for a bird on the cheap, the following specials from...
Maybe someone out there can help me understand how raising the state...
So Great!!! So Proud - Love RSL - Bring Home The CUP!!!!!
mr cannon's bold assertation that the purpose of the first ammendemnt as...
Great great great game!!!! Nicky Rimando is a god! We're the most complete...
I had the game on DVR and just watched it. That was the most exciting game...
financially cannot this year, but I will watch loyally, how great to hear...
This is hardly surprising. Bennett has a remarkable arrogance which is also...
I guess that is why "they play the game" as Herman Edwards would say.. ...
What was the score of the LSU vs LA tech game? Alot closer than you'd like to...
Has Fedor not said that THIS IS OUR YEAR all year long? Go back and...
This is just a small glimpse of the future with Obamacare: corruption, waste...


You can be the first to comment on this story.