Three companies have committed to expanding in Utah and are expecting to add a total of up to 624 jobs to the state during the next few years.
Varo Money Inc. will bring 331 jobs to Salt Lake County over five years in a $2.8 million project. Litehouse Inc. will expand its manufacturing operations in Hurricane, adding up to 165 jobs over eight years with the $40 million project. Electronic Power (EP) Systems LLC will expand in Logan, adding up to 128 jobs over seven years with the $11.6 million manufacturing project.
The companies made the announcements last week after being approved for tax credit incentives from the Governor’s Office of Economic Development. The Varo incentive is up to $336,382, while Litehouse could receive $346,763 and EP Systems was approved for nearly $1.7 million.