Salt Lake City / UT. (gov) The Utah Governor’s Office of Economic Opportunity awarded Utah Flour Milling a post-performance tax reduction for its expansion into Cache County. The corporate incentive is part of the state’s Rural Economic Development Tax Increment Financing (REDTIF) program. As part of the agreement, Utah Flour Milling projects to create 31 new, high-paying jobs and invest USD 57,000,000 in rural Utah during the next five years.
«The decision by Utah Flour Milling to locate its facilities in rural Utah is a testament to our state’s robust economic environment, skilled workforce, and commitment to innovation,» said Ryan Starks, executive director of the Governor’s Office of Economic Opportunity. «We are proud to support Utah Flour Milling as it contributes to the economic tapestry of our rural communities.»
As part of a partnership with Campbell’s, Utah Flour Milling, LLC will build a flour mill adjacent and connected to the Campbell bakery. The onsite mill is a partnership between PHM Brands’ Panhandle Milling and Nippn Corporation, Japan’s first private mechanical flour milling company and the country’s leading manufacturer of flour. Utah Flour Milling is dedicated to organic, non-GMO, kosher, halal, and GFSI-BRC-certified processes. Utah Flour Milling emphasizes technological advancements and operational efficiency, positioning itself as a crucial supplier to Utah’s food manufacturers. Its Richmond, Utah facility, located near a Campbell Snacks baking plant, will primarily focus on producing flour for industrial bulk and pack customers. The facility will be equipped with state-of-the-art technology. The Utah mill will increase supply reliability, provide capacity for continued growth, and improve plant efficiency. In addition, the mill will reduce the site’s greenhouse gas emissions by eliminating over 2,200 trucks per year transporting flour from the mill to the bakery. As part of the broader initiative by PHM Brands, operating in Colorado, Texas, Illinois, and Indiana, Utah Flour Milling contributes to delivering high-quality products.
«This is an exceptional opportunity to expand our current operational reach in the flour milling industry and establish valuable supplier relationships with local farmers both within Utah and in neighboring states,» said Peter Bisaccia, president of PHM Brands. «With state-of-the-art milling, mix, pelleting, and packaging capabilities, the facility will support retail, food service, and bulk rail and truck markets, in addition to private label production and co-manufacturing. The facility will be the most modern, efficient, and technologically advanced flour milling facility in the region.»
«Utah Flour Mills’ presence in Cache County is not just a promising opportunity; it’s a testament to our unwavering commitment to economic development and job creation within our community,» said Shawn Milne, economic development director of Cache County. «They will find a welcome home in Cache Valley’s agricultural culture and heritage.»
Scott Cuthbertson, president and CEO of EDCUtah: «It’s exciting to see Utah Flour Milling invest in Cache County as a supplier to Campbell Snacks. The Company has been a large employer in Richmond for many years – one example of a successful Utah operation attracting new high-paying jobs to a rural community.»
Tax Credit Projections
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|REDTIF new state tax credit: