Enve Composites have announced it will invest $20 million on a new manufacturing facility in Ogden, Utah.
The company manufactures carbon fibre composite tubes for custom bike frame builders along with composite wheels, forks, seat posts, handlebars and stems all in the United States.
ENVE will open their newest facility in Ogden, Utah, bringing 324 new jobs to the State over the next seven years. As an incentive in support of ENVE’s job creation and $20 million capital investment, the Utah Governor’s Office of Economic Development Board of Directors has approved an Economic Development Tax Increment Finance post-performance refundable tax credit of up to $1,336,424, or 25 percent of new state tax revenues collected from the company over the incentive’s lifetime.
GOED executive director Spencer Eccles said;
With the expansion of ENVE’s facility in Utah, we will continue to maintain our reputation of producing some of the best goods in the nation, we are also happy to work with ENVE to keep high-paying jobs from going overseas.
ENVE Composites ENVE CompositesHead Office 690 W. 1100 S. Suite 4 Ogden, UT 84404 USAwork Phone: 877.358.2869work Fax: 801.476.3393workfax
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Located in Ogden, Utah, ENVE Composites is a manufacturer of handmade carbon fibre bicycle rims and components. ENVE is a company made up of passionate cyclists who have created a unique brand and complete product offering based on a riding lifestyle. ENVE employees have innovated and designed some of the world’s most respected products in the bicycle industry. Combined, ENVE has over 30 years of carbon and bicycle engineering experience and designs, engineers and manufactures 100% of its rims in America.