February 17, 2014

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Article

Environmental StoneWorks Plans to Build Manufacturing Facility in Southern Utah

Press Release

February 17, 2014

Washington County — Environmental StoneWorks, has announced plans to build a manufacturing facility in Washington County that is expected to create 124 new jobs and lead to $2 million in capital investment. The company signed an incentive agreement with the Governor’s Office of Economic Development (GOED).

As part of the contract, GOED has approved a maximum cap tax credit of $514,304 in the form of a post-performance Economic Development Tax Increment Finance (EDTIF) incentive, which is 20 percent of the net taxes Environmental StoneWorks will pay over the 10-year life of the agreement. Each year as the company meets the criteria in its contract with the state, it will earn a portion of the tax credit incentive.

The new facility, a manufactured stone veneer plant, is expected to provide the company capacity to service current markets in the West, and allow opportunity for growth.

“With the continued improvement of the housing market and our increased presence in the Southwest markets, a new, larger facility in St. George, Utah, provides us a central location to service our current and future West Coast customers more efficiently,” said Environmental StoneWorks’ President and CEO Charles Stein. “St. George has great access to the surrounding markets and the local community provides a healthy environment for our current and future employees.”

Environmental StoneWorks offers a complete range of stone and brick veneer products and installation services.

Company and state officials expect the creation of the manufacturing facility to lead to over $40 million in new state wages and $2.5 million in new state tax revenue. The new jobs are expected to pay at least 100 percent of the Washington County average wage and include benefits.

Environmental StoneWorks is an equal opportunity employer and will review and interview any qualified applicant. Veterans are strongly encouraged to apply for positions with the company.

“We are pleased to see Environmental StoneWorks increase its presence in the state,” said Spencer P. Eccles, executive director of the Governor’s Office of Economic Development. 

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