The incentive was approved Tuesday at a special meeting. The decision came on a day the GOED board doesn't typically meet so it could avoid the possibility the company would expand out-of-state before GOED officials meet at a regularly scheduled meeting Sept. 21. The company said it had been looking at locations in several other states.

The 300,000-square-foot facility is scheduled for completion in late 2008. State officials said the company will invest $32 million to build the structure.

The incentive includes $1.25 million in cash payable after the company opens its facility and hires the 100 workers. The other $2.75 million - rebates of taxes paid in Utah after the facility opens - is payable over 10 years, after the company receives the initial $1.25 million.

According to an application filed with GOED, FiberTEK will pay an average wage of $30,855, which state officials say is 45 percent higher than the Juab County median wage.

Jordan Radman, president of FiberTEK, said Nephi will become the company's official headquarters, gaining a handful of jobs in addition to the manufacturing positions.

The company has a production facility in Lakeland, Fla., where it has been headquartered, but needed to expand its manufacturing capacity of fiberglass insulation, which is sold in residential, commercial and industrial markets, Radman said. The Nephi facility will serve the western U.S.