The Utah Governor’s Office of Economic Opportunity awarded American Pacific Corporation (AMPAC), a post-performance tax reduction for its expansion in Iron County. The corporate incentive is part of the state’s Rural Economic Development Tax Increment Financing (REDTIF) program.
As part of the agreement, AMPAC projects to add 26 new, high-paying jobs and invest $100,000,000 in rural Utah during the next eight years.
“The aerospace and defense industry is vital to Utah’s economy and our nation’s security,” said Jefferson Moss, executive director of the Governor’s Office of Economic Opportunity. “American Pacific is a prime example of how Utah fuels global innovation. From rocket propulsion to clean fire suppression technologies, its specialty materials support aerospace, defense, and critical industries while creating long-term prosperity for Utahns.”
AMPAC is the leading North American manufacturer of critical performance additives used in solid rocket motors for space launch and military defense applications. AMPAC is qualified on many NASA and Department of Defense programs, and has been serving space launch and national defense programs for more than 60 years. Additionally, AMPAC manufactures clean fire extinguishing agents, Halotron I and Halotron BrX.
Kris Griffith, president of AMPAC commented: “AMPAC has been an integral part of rural Utah and Utah’s flourishing aerospace and defense industry for over 30 years. I am thrilled to demonstrate our continued commitment to Utah and the industry with this significant investment made possible only by the incredible workforce available to us in this great state.”
“For decades, American Pacific has demonstrated its commitment to our workforce, community, and the aerospace defense infrastructure of the United States,” said David Johnson, economic development director for Cedar City and Iron County. “This investment not only enhances our ability to support NASA, the Department of Defense, and a global market, but it also fuels economic growth right here in Southern Utah.”