Thursday, January 8, 2026

GOEO Board Meeting and Grant Approval

According to the GOEO Board meeting agenda. Four (4) motions were presented:

  • EDTIF Incentives

    • The Board will meet with company representatives and vote to approve EDTIF/REDTIF, and other incentives, for proposed projects in Utah. Two companies are seeking approval this month…

[MCM Engineering II, Inc]

[Integrated Rail and Resource Acquisition Corp. (IRRX)]

[(Each was presented as separate motions. Company info and detailed financial, job, and revenue data appears in separate pages of the same PDF document.)]

  • Industrial Assistance Account (IAA) Grant

    • The Board will vote to approve one IAA grant.

[(No other information is provided in the PDF document—or elsewhere in writing)]

  • Economic Development Zones

    • The Board will vote to approve the creation of two economic development zones (ED Zone), for the following companies:

1. Redo Tech, Inc.

2. ACS Manufacturing, LLC


On the same day as the board meeting, the GOEO issued 2 (two) press releases announcing its approval of post-performance tax reductions under the Rural Economic Development Tax Increment Financing (REDTIF) program.

“IRRX Brings Expansion to the Railway and Natural Resources Sectors in Uintah County”

“Utah-Based MCM Engineering II, Inc Expands Operations in Iron County”

As indicated in the agenda, the GOEO Board also approved an Industrial Assistance Account (IAA) Grant, but—at the time of this revision—has NOT announced it on the state’s business news web page, nor have they issued a press release about it. However, information about the grant, its value, and the intended recipient is available to be downloaded on the Public Notice page, but only in audio format comprising 12 minutes of a 50-plus-minute recording of the meeting:

Audio Recording: “audio1057447450.m4a”

The GOEO would not release any information about the IAA grant in writing until the official minutes of the January 8 meeting were included (as downloadable documents) on the Public Notice page for their next meeting on February 10, 2026—Thirty-three (33) days later.
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Tuesday, January 6, 2026

Public Notice of GOEO Board Meeting Posted

Utah Public Notice Website posts notice of January 8, 2026 GOEO Board Meeting

Notice URL: https://www.utah.gov/pmn/sitemap/notice/1049891.html

Public Information Handout (Agenda)

“All Materials - GOEO Board - 1.8.26.pdf”

https://www.utah.gov/pmn/files/1372663.pdf

PDF includes detailed financial data, for agenda items to be discussed, including Economic Development Tax Increment Financing (EDTIF) Incentives and Economic Development Zones, but no such information regarding an “Industrial Assistance Account (IAA) Grant,” except to say, “The Board will vote to approve one IAA grant.”

Agenda Item for IAA Grant:

  • Title: "Industrial Assistance Account (IAA) Grant"

  • Description: "The Board will vote to approve one IAA grant."

  • NO additional details provided: No recipient name, no dollar amount, no project description

Contrast with Other Agenda Items:
The public materials packet ("All Materials - GOEO Board - 1.8.26.pdf") included detailed information and financial data for other incentives on the same agenda:

  • MCM Engineering II, Inc. (REDTIF): Capital expenditure projections, job numbers, revenue forecasts

  • Integrated Rail and Resources Incorporated (REDTIF): Detailed project scope, timeline, financial metrics

No comparable written documentation for the IAA grant was included in the publicly posted materials.
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