The giant Procter & Gamble has been a force in the American economy for more than a century. The company has become very well-known, and its products are in homes worldwide. Over the past decade, P&G’s growth includes Box Elder County, Utah, where it receives a tax credit from the Utah Governor’s Office of Economic Development (GOED).
According to the Utah Governor’s Office of Economic Development website, thanks to the tax credit granted to the company, P&G is dedicating more than $ 300 million to expand its Box Elder County plant on a project that is expected to create more than 200 new positions in the next two decades in the rural community.
The company is eligible for a Utah Legislative Economic Development Tax Financing (EDTIF) tax credit to earn up to 30% of the new state taxes it will pay over the next 20 years. The GOED Council approved a post-performance tax credit that will not exceed $ 4,191,954, says the website.
The company started production in Box Elder County in 2011 and reinvested in the spring of 2018 and, while closing other facilities across the US, the company chose to invest and expand in Utah, acting as a steady growth agent in the state.
State-of-the-art facilities continue to expand, supporting additional jobs in the industry-dominated workforce in Box Elder County, which is home to some 63,200 citizens, and where the manufacturing industry accounts for 29% of the work force.
This P&G factory produces products such as Bounty paper towels, Charmin toilet paper, Pampers, Luvs diapers and Always feminine hygiene products.
“This facility is an important part of P&G’s U.S. manufacturing footprint, and its expansion is a strategic part of P&G’s North American Supply Network redesign,” said Julio Nemeth, P&G’s chief product supply officer. “We are extremely grateful to all state and local officials, including governors Cox and Herbert, for their support.”