Utah Awarded Pepperidge Farm Inc. a Post-Performance Tax Reduction for its Bakery Expansion

This is a summary of an article by the Utah Governor’s Office of Economic Opportunity. You can read the full article here.

The Utah Governor’s Office of Economic Opportunity awarded Campbell Soup Company subsidiary Pepperidge Farm Inc. a post-performance tax reduction for its bakery expansion in Cache County on March 14, 2024. 

This project will add 86 new, high-paying jobs and invest $160 million in rural Utah over the next 10 years. 

“Pepperidge Farm has been a long-standing pillar in the food industry in northern Utah, and we’re pleased to see the company expand its footprint,” said Ryan Starks, executive director of the Governor’s Office of Economic Opportunity. “Utah has a diverse and thriving agricultural landscape where companies like Pepperidge Farm can leverage local resources and producers. This expansion will continue to foster partnerships within the local supply chain, create many new jobs, and support the economy in rural Utah.” 

Tax Credit Projections