Mueller Industries may earn up to 20 percent of the new state taxes they will pay over the eight-year life of the agreement in the form of a post-performance Economic Development Tax Increment Finance (EDTIF) tax credit rebate. As part of the contract with Mueller Industries, the GOED Board of Directors has approved a post-performance tax credit rebate not to exceed $495,190. Each year as Mueller Industries meets the criteria in its contract with the state, it will earn a portion of the total tax credit rebate.
Mueller Industries to Open Copper Manufacturing in Iron County, Utah Governor's Office
Mueller Industries Announces Cedar City Location, The Spectrum
Mueller Industries, a global leader in the manufacturing and distribution of copper piping and fittings, has chosen Utah as the location to consolidate its manufacturing and distribution operations. The project began in September of 2016 and the company has since chosen to establish itself in an existing Cedar City facility. The Cerro Flow building closed down in 2012 due to the recession, and 65 jobs were eliminated in the process. Mueller Industries will move into the acquired building to create 125 jobs, which nearly doubles the amount lost. The facility is 350,000 square feet and is located on 10 acres.
EDCUtah provided data for real estate costs, workforce availability, and occupation profiles for positions related to manufacturing. Additionally, they provided an operational cost comparison that included data from Utah, Arizona, California, Nevada, and New Mexico. EDCUtah also made introductions to Cedar City to begin discussions around the Cerro Flow property and local incentives. Background on the Custom Fit Training program and the Southwest Applied Technology College was also provided by EDCUtah. In addition, EDCUtah coordinated local incentive discussions with both the company, and later, the incentives consultant, Ernst & Young. This project is a great example of teamwork with Cedar City, the State, and EDCUtah coordinating efforts to land this project in a great community.
Mueller Industries procured the Cerro Flow building through a skilled purchase and was able to hire the plant manager of the previous facility and retain all of the equipment. Mueller Industries received an incentive from GOED at 20% over an 8 year period. The local incentive is still yet to be determined.
Mueller Industries announced the project on January 12, 2017, creating $19 million in capital investment and 125 jobs.