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Environmental StoneWorks to Build Southern Utah Facility
Washington County — ENVIRONMENTAL STONEWORKS 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 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, will give 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,” says Charles Stein, CEO and president of Environmental StoneWorks. “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 more than $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.
St. George – TONAQUINT DATA CENTER began expansion of its St. George facility to nearly double its size, ability and services in storing backup data. The expansion will increase the facility by 9,250 square feet to total 20,234 square feet.
St. George – TRUE NATURAL BODYBUILDER signed an exclusive agreement to provide live-stream coverage, including commentary, interviews and behind-the-scenes footage, of 10 official international natural bodybuilding events during the 2014 competition season.
Fillmore – ENERGY CAPITAL GROUP, LLC (ECG) had a conditional use permit for its 300-megawatt solar project, ECG Utah Solar 1, approved by Millard County.
The project is located on 1,754 acres leased from the Utah School and Institutional Trust Land Administration (SITLA).
Delta – Mississippi-based Cal-Maine Foods, Inc. acquired 50 percent of the membership interests of DELTA EGG FARM, LLC, which owns and operates a feed mill and egg production complex near Delta. Delta Egg Farm is now a wholly owned subsidiary of Cal-Maine.
Washington – SUNWARRIOR, a Southern Nevada company that provides plant-based protein powders and supplements, opened a new office in Washington, Utah, near St. George. The company will continue to be based in Southern Nevada with headquarters in Overton.