Swiss-based Stadler, a railway manufacturing and signaling company, plans to expand its operations in Salt Lake County, Utah. The $189.45 million project is expected to create 65 jobs over the next 15 years.
“Since we opened our Salt Lake City facility in 2019, we’ve secured critical contracts, created hundreds of high-skilled jobs, and firmly established Utah as a center of excellence in rail manufacturing,” said Martin Ritter, CEO of Stadler North America. “Thanks to the support of the Utah Governor’s Office of Economic Opportunity, we are expanding our plant to boost production capacity and further invest in the training and expertise of our local workforce — strengthening both Stadler’s U.S. operations and the economic future of Utah.”
To support the project the Utah Governor’s Office of Economic Opportunity awarded Sadler a post-performance tax reduction. The corporate incentive is part of the state’s Economic Development Tax Increment Financing program…