Utah tries to lure plant. Allegheny is offered $3.25M to operate in the state

$3.25 million tax incentive is approved for metals company

Tooele County could become the site of a $300 million specialty metals plant with 150 jobs, but Utah is facing competition to land the facility.

The Governor’s Office of Economic Development Board on Friday approved a $3.25 million tax-rebate incentive to get Pittsburgh-based Allegheny Technologies Inc. to put the plant in Tooele County. If the plant ends up in Utah, the average job would pay more than $45,000, or more than twice the county median.

"I think this is a great company," said board member Mark Howell, who leads the board’s business recruitment committee. "It’s a manufacturing company. These are great jobs, and they’ll train people and be great for Tooele County, and a large capital investment. It’s going to bring in other jobs in construction work in the process."

Board documents indicate the company is considering another location in the United States for the facility.

"The major concern that came out of the committee was that we’d like to see what other states are offering," Howell said. "We were not able to. There is some competition from other states, but we were not able to really define that as well as we might have liked. But I guess that the factor that really drove it home is the jobs and the investment of $300 million."

By Brice Wallace
Deseret Morning News

Full Story: http://deseretnews.com/dn/view/0,1249,640187612,00.html

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Allegheny is offered $3.25M to operate in the state

By Lesley Mitchell
The Salt Lake Tribune

Utah has offered Allegheny Technologies Inc. as much as $3.25 million in an incentive to persuade the Pittsburgh, Pa., metals manufacturer to expand in Tooele County.

The incentive, in the form of a tax rebate, was approved Friday by the Governor’s Office of Economic Development Board. It provides a partial refund of taxes the company would pay in Utah over a 10-year period.

In its application for state money, Allegheny said it is looking for a site on which to build a $300 million manufacturing facility that would employ approximately 150 people earning an average of more than $45,000 annually. The company would not divulge where it is considering building in Tooele County.

Full Story: http://www.sltrib.com/business/ci_3948441