Business
Leitner-Poma ski lift manufacturer opens new facility in Tooele, Utah
The new Red Pine gondola cabins were produced by Leitner-Poma. According to The Lift Blog, Neither Deer Valley or Park City Mountain have ski lifts produced by Leitner-Poma in operation.
TOOELE, Utah — Leitner-Poma of America (LPOA), an engineering and manufacturing company specializing in cable transport systems for the ski industry, amusement parks, and urban transport, is set to inaugurate its newest manufacturing facility in Tooele, Utah on Monday afternoon.
The new Red Pine gondola cabins were produced by Leitner-Poma. According to The Lift Blog, Neither Deer Valley nor Park City Mountain have ski lifts produced by Leitner-Poma in operation. Snowbasin Resort announced it will be working with Leitner-Poma to manufacture and install the new DeMoisy Express lift at Snowbasin Resort. Wasatch Peaks Ranch announced an agreement LPOA with to build its first two high speed quad lifts.
The new Tooele facility represents a significant expansion for LPOA and is poised to become the largest facility of its kind in the United States, covering more than 130,000 square feet of manufacturing space. Located in close proximity to Salt Lake City, this new campus will serve as the headquarters and sole manufacturing base for Skytrac, an LPOA subsidiary specializing in fixed-grip ski lifts.
The company is making a substantial investment of over $27 million in the project, aiming to have the facility fully operational by May 2024. This investment will include state-of-the-art manufacturing infrastructure, reflecting LPOA’s commitment to its “Made in America” initiative. The expansion is expected to provide a significant boost to the local economy and job market.
Utah economic development incentives
LPOA may receive up to 15% of the additional state taxes it will pay over the 10-year life of the agreement in the form of a Utah Legislature-authorized Economic Development Tax Increment Finance (EDTIF) tax credit. The Go Utah Board has approved a post-performance tax credit not to exceed $2,039,267. Each year that LPOA meets the criteria in its contract with the state, it will qualify for a portion of the total tax credit.