Today, the Utah Governor’s Office of Economic Opportunity awarded C&J Specialties a post-performance tax reduction for its expansion in Ephraim, Utah. The corporate incentive is part of the state’s Rural Economic Development Tax Increment Financing (REDTIF) program.
As part of the agreement, C&J Specialties projects to add 190 new, high-paying jobs and invest $1,678,218 in rural Utah during the next 20 years.
“Utah’s unique blend of agricultural resources, infrastructure, and a skilled workforce make it an ideal destination for food manufacturing companies like C&J Specialties to expand,” said Ryan Starks, executive director of the Governor’s Office of Economic Opportunity. “It’s not only tapping into a thriving economy but also contributing to Utah’s reputation for excellence in food production and distribution.”
C&J Specialties is a homegrown Utah snack manufacturing company that began as an innovative kettle corn production company. Since its roots, the company grew to offer a range of packaged snack items, including protein bars and cotton candy, and products at popular chains such as Swig Drinks. As the company thrived, it expanded to Ephraim in 2015, followed by a period of substantial expansion. Today, the company specializes in a diverse array of products, including popcorn, cotton candy, ready-to-eat no-bake bars, powder mixing, pouching, and stick packing. The company’s success speaks to its expertise in formulating recipes and a profound understanding of ingredients and specialty products. Over the years, C&J Specialties has built a strong presence in Utah’s industry, employing approximately 30 individuals in the Sanpete Valley and offering competitive pay rates that contribute to the local economy and enrich Ephraim’s vibrant community.
“We’re grateful to have the support from the state as we continue to grow and expand in rural Utah,” said Colby Divecha, CEO and owner of C&J Specialties. “Investing in rural Utah allows us to contribute to the local economy while benefiting from its rich talent pool. We look forward to growing in this welcoming environment and making a positive impact on both our business and the community.”
“Much of the work we do is with Utah companies evaluating options for their next business location,” said Scott Cuthbertson, president and CEO of EDCUtah. “It’s gratifying to see a good local employer like C&J Snacks expanding to create meaningful job opportunities in rural Utah.”
Tax Credit Projections
|New state tax revenue:||$6,388,125|
|REDTIF new state tax credit:||50%|
Learn more about the state’s post-performance REDTIF program here.