A distributor of bedding, bath and home décor products will put a distribution facility in Grantsville, creating up to 70 high-paying jobs over the next decade as it serves its Western customers.
Revman International Inc. made the announcement after being approved for a tax credit incentive by the Governor’s Office of Economic Opportunity (Go Utah) board.
New York-based Revman distributes products sold under a portfolio of licensed, globally known brands, including Nautica, Vera Wang, Eddie Bauer, Laura Ashley and Tommy Bahama.
Cecil Moore, the company’s chief operating officer, said the facility will help it serve its customers and the end consumer faster and more efficiently. He described Revman to the Go Utah board as a home textile company with a very large e-commerce business. Revman serves its East Coast customers from a distribution facility in South Carolina and will use the Grantsville site for the western half of the U.S.
“We found that location and we think it’s a great location for us, and we are very excited about the opportunity and we look forward to opening up a facility there and working with the residents of Tooele County,” Moore said.
Grantsville Mayor Brent Marshall said Revman will be the first company at the Lakeview Business Park.
“We’re very excited about welcoming Revman International to Grantsville,” Marshall said. “We are happy that you have chosen to expand your company in our new Lakeview Business Park. You are a well-known, well-established business that will bring stable jobs into our area. … As the first company in our business park, we know your name will help us attract other major businesses.”
The $4 million project is expected to generate new total wages of nearly $23.9 million over 10 years and new state tax revenue of more than $2.9 million during that time. Jobs at the Tooele County facility will pay an average of about $54,536.
The company was awarded a Rural Economic Development Tax Increment Finance (REDTIF) tax credit for 15 percent of the new tax revenue the project creates. Go Utah documents indicate the credit could reach $445,780 over 10 years. Each year that Revman meets the criteria in its contract with the state, it will qualify for a portion of the total tax credit. Go Utah offers the state tax credit only if the company meets its obligations.
“Revman’s new distribution center will improve speed to consumers and reduce the cost for retailers,” Dan Hemmert, Go Utah’s executive director, said in a prepared statement. “We’re excited they have chosen to grow in Tooele County and for the opportunities they’ll bring to the area.”
“In the home goods market, speed of delivery to the retailer and end customer is critical,” Theresa A. Foxley, president and CEO of the Economic Development Corporation of Utah, said in a prepared statement. “Opening a distribution center in Utah makes Revman more competitive for the West Coast market and reduces freight costs. We look forward to their continued expansion.”