At the November 10 board meeting, the Governor’s Office of Economic Development (GOED) Board of Directors approved two rural Utah businesses for Rural Fast Track grants. Associated with companies in the printing and surveying industries, the projects are expected to increase the companies’ current operations for sustained economic growth into the future.
“Rural Fast Track grants support businesses in a broad range of industries,” said Linda Gillmor, associate managing director of Urban and Rural Business Services. “It’s exciting to see two rural companies, in two very different sectors, poised for increased efficiency and expanded customer services.”
Peczuh Printing Company, a family-owned business founded in 1962, is located in Price, Carbon County. Utilizing offset presses, digital presses, and flexography presses, the company serves customers throughout the U.S. The $25,000 grant will support the purchase of an additional semi-truck that can increase their ability to deliver incoming raw materials and outgoing finished goods. The project will lead to one new full-time job. Total project cost is estimated at $158,888.
Another family-owned business, Johansen & Tuttle has been based in Castle Dale, Emery County since 1972. The company provides civil engineering and land surveying services to central and southern Utah. The $30,250 grant will support the purchase of a sophisticated surveying, imaging and 3-D scanning system. The new equipment will allow the company to expand into new service areas, and will lead to one new fulltime job and one to two additional seasonal employees. Total project cost is estimated at $60,525.
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/.