Cache Valley-based Malouf Companies could receive up to $56 million in Utah tax credits as part of an expansion plan that projects as many as 4,200 new jobs at Malouf’s headquarters in Nibley over the next 20 years.
The expansion reflects Malouf’s diversification into a number of new businesses beyond its original role as a linen and bedding company.
The Utah Governor’s Office of Economic Opportunity, also known as Go Utah, announced the tax-credit agreement on Thursday, touting Malouf as an innovative provider of high-quality, high-paying jobs and a “source for good” on the planet. Read the rest of the story on HJnews.com.
This story is made possible thanks to a community reporting partnership between The Herald Journal and Utah Public Radio.