A wellness supplements company will supplement its existing operations in Summit County by adding 240 high-paying jobs over the next eight years.
Park City-based AmpHP Inc., doing business as Momentous, is expected to spend $10.6 million on the expansion project.
“We chose Utah as our home because it provided the perfect foundation for us to live ‘The Momentous Standard’ every day,” Jeff Byers, CEO and co-founder of Momentous, said in a prepared statement. “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.”
AmpHP is a human performance company whose flagship product, PR Lotion, uses skin absorption technology to deliver nutrients like bicarb to athletes. The company was established in 2015 and operates under the name Amp Human. In 2021, Amp Human merged with the performance nutrition company Momentous and now operates under the Momentous brand.
Momentous delivers high-quality, science-backed and rigorously tested supplements to athletes, teams and active people. Its customer base includes professional and collegiate athletes across various leagues and endurance sports, including Ironman and Tour de France competitors.
Lauren Festante, senior vice president of finance at Momentous, said the company’s vision is to “help people feel, think and perform better every day.” Her comments came during a meeting of the Governor’s Office of Economic Opportunity board, during which the company was approved for a state tax credit for the expansion.
“Momentous helps people perform better, whether that’s a professional athlete, a soldier, a first responder, a parent or anyone simply trying to feel good, and Utah is a perfect place to build a company with that mission,” she told the board. “We’re grateful for your support, excited to partner together and proud to build a high-performance brand right here in our backyard.”
Utah, she said, “has been a perfect home for our growth. Summit County gives us the energy, the talent and the active culture that fuels our brand.”
The state tax credit incentive is for up to $1.7 million over eight years. New total wages from the expansion project are estimated at nearly $173.9 million, based on average wages of $158,199 for the new positions. New state tax revenue is projected to be more than $6.8 million over eight years.
“Utah’s goal is clear: grow opportunity and shared prosperity across every corner of our state,” Jefferson Moss, GOEO executive director, said in a prepared statement. “When companies like Momentous expand in Park City, they’re contributing to real jobs, stronger rural communities and long-term statewide growth.”
“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.”
GOEO does not provide upfront cash incentives. Each year that an incentivized company meets the obligations in its contract with GOEO, it will qualify to receive a portion of the new, additional state taxes the company paid to the state.