Doppelmayr USA expanding in Salt Lake County

Kaitlyn ClarkeNews, Tax Credits

Today, the Utah Governor’s Office of Economic Opportunity awarded Doppelmayr USA a post-performance tax reduction for its expansion in Salt Lake County. The corporate incentive is part of the state’s Economic Development Tax Increment Financing program.

As part of the agreement, Doppelmayr USA projects adding 130 new, high-paying jobs in Utah during the next 10 years.

“We congratulate Doppelmayr USA in selecting the home of The Greatest Snow on Earth for its expansion,” said Ryan Starks, executive director of the Utah Governor’s Office of Economic Opportunity. “Utah is home to world-class ski resorts and outdoor enthusiasts. Doppelmayr’s expertise in ski lift systems and ropeway infrastructure will enhance this thriving industry and allow those who visit and live in Utah to access Utah’s rugged terrain.”

Doppelmayr USA is a leading ropeway manufacturer based in Salt Lake City, Utah. It is a subsidiary of the Doppelmayr Group, the global leader in ropeway engineering, with more than 3,000 employees in 50 countries around the world. The Doppelmayr Group notably represents quality, technology, and market leadership in ropeways for passenger and material transport as well as high-tech intralogistics solutions. The company looks back on 130 years of history and a century of experience in the planning, development, design, production, and construction of ropeways. Doppelmayr’s proven technology and the reliability achieved with it have helped make ropeways a popular and high-performance mobility solution in skiing and recreation regions, as well as in cities worldwide.

“Utah has been our home for designing and manufacturing ropeway systems for over 20 years,” said Katharina Schmitz, president of Doppelmayr USA. “It is a great location to attract the talent needed to provide exceptional products and support to our valuable customers in North America. The strategic investment in a new facility not only demonstrates our confidence in the long-term growth and sustainability of Doppelmayr USA but also highlights our commitment to Utah. The new facility will be a state-of-the-art manufacturing facility where we will continue to produce high-quality ropeway systems for North America. We are excited to expand our facility and workforce and continue our legacy of building ropeway systems in such a beautiful place.”

Tax Credit Projections

Timeline:10 years
New state tax revenue:$13,894,638
New state tax credit:20%

Learn more about the state’s post-performance program here.