Green Bay, Wis.-based Schreiber Foods was recently awarded tax incentives to spur expansion the in the state of Utah, where the company currently has processing and distribution operations.
According to local news, the company plans to invest $68 million in the Cache Valley region, adding as many as 52 jobs along the way — although details of Schreiber Foods’ plans were not shared. Schreiber Foods currently owns a production and distribution facility in Logan and another production facility in Amalga.
The tax credit is a post-performance tax reduction for the company’s expansion in Utah. If Schreiber’s growth, investment and employee wages meet preset standards every year for eight years, it will receive 25% of their taxes from the state.
Schreiber Foods produces cream cheese, natural cheese, process cheese and yogurt out of its Logan facility, which it has owned since 1972, and natural cheese out of the Amalga facility (which is listed as the Smithfield, Utah, facility on the company’s Web site).