Black Diamond Equipment will expand its manufacturing operations in Utah, according to a joint announcement by the company and the state's Governor's Office of Economic Development (GOED). The company, which manufactures specialized outdoor equipment for climbing, skiing and mountain sports, is a subsidiary of Black Diamond Inc., which also owns POC Sports. The jobs of POC Sports North American headquarters will be relocated from Colorado to Utah. As part of the deal with Black Diamond, the GOED board of directors has approved a tax credit up to a maximum of $353,247 in the form of post-performance Economic Development Tax Increment Finance incentive, namely 15 percent of the new state taxes that the company will pay over the seven years of the agreement. Each year as Black Diamond meets the criteria in its contract with the state, it will earn a portion of the total tax credit incentive.
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