The Utah Governor’s Office of Economic Development (GOED) has approved an Industrial Assistance Fund, post-performance Economic Opportunity Grant for the amount of $365,000 for the Frontier Observatory for Research in Geothermal Energy (FORGE). The project will create 23 new jobs with an average full-time wage of $94,000 per year and a capital investment of more than $100 million.
The grant was awarded to Beaver County for the assistance in the construction of infrastructure related to the project. The project was a top priority in Beaver County’s economic development plan recently presented to Gov. Gary R. Herbert.
The U.S. Department of Energy announced in June that Utah was to receive up to $140 million in funding across five years to build a first-of-its-kind research laboratory to advance next generation geothermal technologies.
