The Utah Governor’s Office of Economic Development (GOED) is pleased to announce Jack Wolfskin North America will expand its operations in Utah, creating 50 new jobs in the next five years.
“Jack Wolfskin will be an excellent addition to our outdoor industry sector,” said Val Hale, GOED executive director. “Utah has a great love for the outdoors and welcomes excellent brands like Jack Wolfskin into our vibrant outdoor ecosystem.”
Jack Wolfskin is an outdoor apparel and equipment brand founded in Frankfurt, Germany in 1981. Its products include high-end mountain and leisure clothing, footwear, backpacks, sleeping bags, and tents that range across multiple outdoor activities. Callaway Golf acquired the brand in 2018.
“We’re thrilled to expand Jack Wolfskin North America in Utah,” said Diana Seung, general manager of Jack Wolfskin in North America. “This state is a perfect reflection of our brand tenets of living an adventurous, active outdoor life.”
Jack Wolfskin may earn up to 15% of the new state taxes it will pay over the five-year life of the agreement in the form of a Utah Legislature-authorized Economic Development Tax Increment Finance (EDTIF) tax credit. The GOED Board has approved a post-performance tax credit not to exceed $105,461. Each year that Jack Wolfskin meets the criteria in its contract with the state, it will earn a portion of the total tax credit.
“This company reached out to us in late September,” said Theresa A. Foxley, president and CEO of EDCUtah. “The speed at which this project came together is a testament to Utah’s business friendliness, the responsiveness of our partners, and the customer’s degree of organization and focus. The brand power of Callaway and Jack Wolfskin is an exciting addition to our state’s outdoor products industry.”
State of Utah Tax Credit Projections by the Numbers
About Utah Corporate Incentives
The Utah Legislature has authorized economic development incentives in the form of post-performance tax credits. Eligible companies work with the Utah Governor’s Office of Economic Development to outline specific performance criteria. Once GOED confirms those criteria have been met, according to statute (U.C.A. 63N-2-106(2)), companies can receive a refund of up to 30% of the state taxes they paid for up to 20 years. The contract with the state is post-performance; it only provides a state tax credit if the company meets its obligations.