“We are excited for this opportunity for many reasons. Firstly, converting vehicles to CNG will reduce our dependence on foreign oil. Secondly, CNG is a clean burning fuel thereby reducing vehicular emissions. And thirdly, we will be bringing high paying manufacturing jobs to Brigham City,” said Vexxel CEO and president Wayne Clark.
In addition to contributing $1,687,884 in new state revenue, the project expects to pay out $21,082,477 in new wages toward the 101 new full time jobs. The new positions will pay a minimum of 125 percent of the Box Elder County average salary, including benefits.
To GOED, the incentive can benefit not only Utah’s composites and aerospace industry clusters, but also its energy and natural resources sector. “HyPerComp Engineering and Vexxel Composites have seized an opportunity to further their heritage of innovative composite manufacturing to fill critical needs in the nation’s accelerated natural gas industry,” added Utah Governor Gary R. Herbert.
Source: GOED
