Yesterday, the Utah Governor’s Office of Economic Development (GOED) awarded KIHOMAC a post-performance tax reduction for its expansion in Davis County. The corporate incentive is part of the state’s Economic Development Tax Increment Financing (EDTIF) program.
Under the agreement, KIHOMAC projects adding 177 new, high-paying jobs and investing more than $36 million in Utah over the next seven years.
Founded in 2003, KIHOMAC is a veteran-owned aerospace and defense company providing engineering, advanced manufacturing, reverse engineering, sustainment and lifecycle support solutions across the aerospace and defense sectors.
With more than 400 employees, the company supports customers across the full system lifecycle — from engineering and reengineering aging systems to manufacturing complex components and assemblies and developing platform upgrades.
The company’s capabilities help improve aircraft availability, extend the service life of critical weapon systems, strengthen the defense industrial base and ensure platforms remain mission-ready as operational requirements evolve.
The company has worked on some interesting projects. For example, last year, it developed the Mojave Pod, a supersonic imaging system designed to solve critical limitations in legacy video capture methods. The engineering effort modified KIHOMAC’s Agile Combat Employment Pod from an internal cargo solution into a fully independent, externally mounted, supersonic-capable observation platform. Then is was mounted to an F-1M Mirage which flew three supersonic flights to validate its capabilities across various flight conditions.
"This expansion will allow us to grow our engineering and advanced manufacturing capabilities, create high-quality jobs, and increase our capacity to deliver innovative, mission-critical solutions to our customers," said Adam Grimm, president and COO of KIHOMAC.
GOED projects the expansion to create $84,789,477 in new wages over the next seven years, and generate $5,722,371 in new state tax revenue. The EDTIF post-performance tax incentive is 27%.
