Monday, September 15, 2014

Viracon plans to reopen St. George plant

Viracon announced plans to reopen and invest in an existing facility in Washington County. Viracon manufactures and sells high performance architectural glass. As demand has increased for Viracon’s product, the company has identified Utah as the place it would like to grow. The company has chosen to reopen a facility in St. George that was a casualty of the construction industry’s severe recession. Viracon will invest an estimated $2.2 million in the existing facility for improved equipment and coating capabilities.

Viracon has indicated that they will be creating 300 new jobs over the next 10 years. The total wages, including medical benefits, in aggregate are expected to exceed 100 percent of the county average wage. The projected new state wages over the life of the agreement are expected to be approximately $118,628,714. Projected new state tax revenues, as a result of corporate, payroll and sales taxes, are estimated to be $7,091,966 over 10 years. Utah Governor’s Office of Economic Development