- Texas-based Lunar Resources plans a new aerospace manufacturing facility in Salt Lake County.
- The Helix-1 factory aims to create 420 jobs and generate $48 million in new state tax revenue.
- Utah offers a 30% tax rebate if performance metrics are met over 10 years.
SALT LAKE CITY — Salt Lake County is set to become the home of a new aerospace manufacturing facility after the Utah Governor’s Office of Economic Development last week approved a post-performance tax credit for Texas-based Lunar Resources.
Lunar Resources has proposed what it’s calling a Helix-1 factory, expected to create 420 new jobs in the area and generate nearly $48 million in new state tax revenue.
“As we scale our manufacturing operations to meet growing demand for our revolutionary Helix Driver technology, finding a location that fosters innovation and growth was paramount,” Elliot Carol, CEO of Lunar Resources, said in a statement. “Utah offers an exceptional talent pool and a highly supportive business environment that partners with companies to help ensure mutual success. We look forward to building deep roots here and continuing our mission to shape America’s next frontier on Earth and in space.”…