January 11, 2013

Cover Story

CEO of the Year

Utah’s business landscape is rich with professionals who have le...Read More

Featured Articles

Did you go Skiing this winter?

Around Utah

Sections

Spotlight
Martin Plaehn

Spotlight
Karen Sendelback

Legal Briefs
Social Media and Employers: Friends or Enemies?

Money Talk
The Case for HSAs

Economic Insight
Time to Show Up

Lessons Learned
Make a Move

TechKnowledge
In the Lab

EntrepreneurEdge
Rent to Own

Business Trends
Back from the Dead

Executive Living
Artful Inspiration

Features
A Breath of Fresh Air

Features
Worst-Case Scenario

Regional Report
Northern Utah

Focus
Measure Up

Industry Outlook
Travel & Tourism

Players
Players

Article

GAF to Bring New Manufacturing Jobs to Utah

Press Release

January 11, 2013

Utah is becoming a well-known destination for businesses in high-tech manufacturing. GAF, along with the Governor’s Office of Economic Development (GOED) and its partners at the Economic Development Corporation of Utah (EDCU), announced that it will expand in Iron County.

The company is expected to invest approximately $40 million in purchasing and constructing its manufacturing and distribution facility.

“Utah’s manufacturing industry is the third largest sector employer in the state of Utah,” Gov. Gary R. Herbert said. “The GAF expansion will help encourage other manufacturing companies to choose Utah as a place to set up their operations as well.”

GAF will add at least 50 positions in Iron County over the 15-year agreement which it entered into with GOED. The employees will be paid an amount at least equal to the prevailing average annual compensation of the Iron County workforce.

“This is really a great project for Cedar City,” said Mayor Joe Burgess. “GAF is an outstanding company and a perfect fit for our community. They are bringing quality jobs and we have quality people in an ideal location. We’re thrilled to have this new partnership and to be expanding our manufacturing base.”

In addition, over the 15-year duration of the agreement, it is expected that GAF will pay approximately $3.5 million in new state tax revenue as a result of its Utah operations.

“This announcement demonstrates GAF’s continuing efforts to provide our customers with the highest-quality products produced in a manner that ensures availability when and where they are needed,” stated Bob Tafaro, president and chief executive officer of GAF. “It also demonstrates GAF’s commitment to U.S. manufacturing and creating new, skilled manufacturing jobs in this country.”

“Including GAF on our list of businesses operating in Utah is a positive addition for our manufacturing industry,” GOED executive director Spencer Eccles said. “We are making a serious effort to help manufacturing grow in our rural communities.”

Roughly 9.6 percent or nearly 114,700 of Utah’s workers are employed in manufacturing.  The average monthly wage of this industry is 22 percent higher than the average statewide monthly wage.

The GOED Board of Directors has approved an $886,712 Economic Development Tax Increment Financing (EDTIF) post-performance refundable tax credit, which represents approximately 25 percent of the new state tax revenue anticipated to be paid by GAF over the 15-year life of the agreement.

Utah Business Social
UB Events View All
Health Care HeroesUtah Business Event
Oct 21, 2014
Please join us, along with our sponsors, MountainStar Healthcare, and Roseman University in honor...
Content Marketing BootcampUtah Business Event
Oct 28, 2014
Please join Utah Business Magazine and Adobe, along with our other sponsors: Boostability, Right ...
Sustainable Business Awards 2014Utah Business Event
Nov 13, 2014
Utah Business magazine along with presenting sponsor Big D Construction, is pleased to announce t...
Community Events View All
St. George Book Festival - Authorpalooza Festival Kick-Off
Oct 20, 2014
St. George Book Festival - Authorpalooza Festival Kick-Off
St. George Book Festival - Learn, Discover and Journey through the World of Books!
Oct 20, 2014
October 20-25, 2014 Welcome to the St. George Book Festival. This annual FREE festival is the ...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
Date(s):
to
* Event Description:
  Cancel