The Utah Governor’s Office of Economic Opportunity awarded Momentous a post-performance tax reduction for its expansion in Summit County. The corporate incentive is part of the state’s Rural Economic Development Tax Increment Financing (REDTIF) program.
Under the agreement, Momentous projects it will add 240 new high-paying jobs and invest $10,600,000 in rural Utah during the next eight years.
Momentous delivers high quality, science backed and rigorously tested supplements to athletes, teams, and active individuals. As a Utah-based company, they have grown alongside the state’s robust outdoor and health-focused industries and continue to drive innovation in human performance.
“We chose Utah as our home because it provided the perfect foundation for us to live The Momentous Standard® every day,” said Jeff Byers, CEO and co-founder of Momentous. “The entrepreneurial environment here allows us to work alongside incredible talent to drive the quality and trust we’re known for, and the access to outdoor activities attracts the exact people we’re committed to serving. Being here strengthens our ability to build what’s next in human performance — and to do it the right way.”
“Momentous is one of 3,587 payrolled business locations that fuel the engine room of Summit County’s economy,” said Jeffrey B. Jones, economic and housing director for Summit County. “With the right support they are not just surviving, they’re thriving. Summit County appreciates the businesses that operate in our community and strives to see them succeed and expand.”
“Utah’s goal is clear — grow opportunity and shared prosperity across every corner of our state,” said Jefferson Moss, executive director of GOEO. “When companies like Momentous expand in Park City, they’re contributing to real jobs, stronger rural communities, and long-term statewide growth.”