At the August 11 board meeting, the Governor’s Office of Economic Development (GOED) Board of Directors approved two rural Utah businesses for Rural Fast Track grants. The projects are expected to create six new jobs paying between 110 and 125 percent of average wages in the two counties affected.
“These latest grant recipients are both in manufacturing,” said Linda Gillmor, associate managing director, Urban & Rural Business Services. “Rural Utah can be very competitive in this space, so it’s exciting to see the growth.”
Stander, Inc., located in Cache County, is a medical device manufacturer that specializes in mobility products for the elderly. The $50,000 grant is for the purpose of purchasing a racking system for a new warehouse, fork lifts, and pallet jacks. The company expects to create two new full-time positions paying at least 110 percent of the county average wage and two new full time positions paying at least 125 percent. The project is estimated to cost $1,956,066.
Love-Less Ash Company, located in Price, Carbon County, manufactures vacuums for fireplaces, dust control shrouds for grinders, saws, drills etc. The $50,000 grant is for the purpose of paying for tooling, molding and equipment needed to produce three new products. The company expects to create two new full-time positions paying at least 125 percent of the county average wage. The project is estimated to cost $130,000.
To see if a business in your rural county may be eligible for a Rural Fast Track grant, visit http://business.utah.gov/programs/incentives/rural-fast-track/