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Traeger Pellet Grills Expansion Fuels Utah’s EconomyOctober 09 2014 - 3:23 pm
For Immediate Release
October 9, 2014
Michael Sullivan, GOED Communications Director
Traeger Pellet Grills Expansion Fuels Utah’s Economy
Traeger Pellet Grills is expected to create 164 jobs in seven years
Salt Lake City, UTAH — Together with the Utah Governor’s Office of Economic Development (GOED), Traeger Pellet Grills announced it will expand its Utah operation to meet increased demand.
“Traeger Pellet Grills is a growing company, and we are glad it has selected Utah to help it continue on its positive growth trajectory,” said Q. Val Hale, executive director of GOED. “Utah has a strong outdoor lifestyle industry that is only made stronger by the expansion of companies like Traeger.”
“Building on our brand roots and strong operations in Oregon, we are excited to expand our presence here in Utah. We would like to thank GOED for their hardwork and support, and we look forward to adding to the State’s growth,” said Jeremy Andrus, CEO of Traeger Pellet Grills.
Traeger Pellet Grills was founded in 1985 in Oregon. Traeger designs, markets and distributes wood pellet grills across the U.S. and Canada. The company sells its products through a dealer network, online and through a direct sales force at select retailers, trade shows, fairs, rodeos and other outdoor events.
Known for its ease of use, versatility and great tasting wood-fired cooking, Traeger is America’s leading alternative outdoor grill. Traeger Pellet Grills also owns mills that manufacture natural wood pellets to fuel the grills.
“EDCUtah is pleased to see Traeger Grills expansion in Utah. Traeger could have grown anywhere; it’s exciting to see that they have chosen Utah for their expansion because of the success they have already experienced in the state,” says Jeff Edwards, president and CEO of Economic Development Corporation of Utah.
Traeger Pellet Grills has indicated that they will be creating 164 new jobs over the next seven years. The total wages, including medical benefits, in aggregate are expected to exceed 125 percent of the county average wage. The projected new state wages over the life of the agreement are expected to be approximately $44,613,465. Projected new state tax revenues, as a result of corporate, payroll and sales taxes, are estimated to be $2,517,687 over seven years.
As part of a contract with Traeger Pellet Grills, the GOED Board of Directors has approved up to a maximum tax credit of $503,537 in the form of a post-performance Economic Development Tax Increment Finance (EDTIF) incentive, which is 20 percent of the new state taxes Traeger Pellet Grills will pay over the seven-year life of the agreement. Each year as Traeger Pellet Grills meets the criteria in its contract with the state, it will earn a portion of the total tax credit incentive.
About the Utah Governor’s Office of Economic Development (GOED)
The Governor’s Office of Economic Development (GOED) charter is based on Governor Gary Herbert’s commitment to economic development statewide. Utah’s economic development vision is that Utah will lead the nation as the best performing economy and be recognized as a premier global business destination. The mandate for this office is to provide rich business resources for the creation, growth and recruitment of companies to Utah and to increase tourism and film production in the state. GOED accomplishes this mission through the administration of programs that are based around targeted industries or “economic clusters” that demonstrate the best potential for development. GOED utilizes state resources and private sector contracts to fulfill its mission. For more information please contact: Michael Sullivan, 801-538-8811 or email@example.com
About Traeger Pellet Grills
Since its humble start in Oregon in the 1990’s, Traeger Wood Pellet Grills have been the outdoor cooking choice of food enthusiasts. For years, the grills were offered in limited quantities and geographic areas. However, as people began to taste the food cooked on a Traeger, word spread about the unique flavors only Traeger natural wood pellets can provide. Backed by the same original principles and values along with advanced technology, Traeger is committed to providing: A quality grill that is easy to use, a commitment to superior workmanship, natural and safe wood pellets which provide amazing, rich flavors, one grill that has six uses: a family can use daily to grill, bake, smoke, slow cook, braise, and barbeque, great taste, every time, and exceptional value. If there is one thing you will recognize with a Traeger is taste. No matter what type of food, no matter the quality of cut, a Traeger makes it delicious. That’s why we always say, “Stop grilling, START TRAEGER’ing!”