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

Living Well
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
Forty Under 40 - 2015Utah Business Event
Feb 26, 2015
Utah Business Magazine along with Presenting Sponsors: Kirton McConkie, BIG-D Construction and Ma...
CEO of the YearUtah Business Event
Mar 20, 2015
Utah Business magazine and Presenting Sponsors: Holland & Hart and Newmark Grubb ACRES, Premier S...
30 Women to Watch 2015 - NOMINATIONS NOW OPENUtah Business Event
May 31, 2015
NOMINATIONS NOW OPEN! Visit: www.utahbusiness.com/nomination_items Questions: heather@utahbusi...
Community Events View All
Escaping Hackers & Trackers
Jan 26, 2015
If you collect, own, store or manage "personal information" of clients, customers, contractors, s...
CISSP Certified Information Systems Security Professional
Jan 26, 2015
This 5-day course prepares students to take the CISSP certification examination (not included). T...

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