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Manufacturing in Utah ‘really taking off,’ Small Business Administration official says

By Kyle Dunphey - Utah News Dispatch | Sep 10, 2025

Kyle Dunphey, Utah News Dispatch

William Briggs, deputy administrator of the U.S. Small Business Administration, left, and Chad Riches, president of Beacon Commercial Door and Lock, right, talk during a tour of Beacon’s factory in South Salt Lake on Tuesday, Sept. 9, 2025.

Manufacturing in Utah is “really taking off,” according to the deputy administrator of the U.S. Small Business Administration, who was in Salt Lake City this week meeting with stakeholders and small business owners to tout some of the impacts now being felt by the “big, beautiful bill.”

According to William Briggs, who was confirmed to be the second-in-command of the administration in July, the most common loan application coming from the Beehive State is for manufacturing — in most states or cities, the most popular loans are for hospitality or accommodations, helping restaurant or hotel businesses.

But Utah’s growing focus on manufacturing is “unique,” Briggs told Utah News Dispatch on Tuesday, after touring Beacon Commercial Door and Lock, a nearly 60-year-old company that began manufacturing in-house in 2020 and currently employs 64 people.

Located in South Salt Lake, Beacon credits its success in part to help from the Small Business Administration, or SBA, which helped finance the company’s expansion.

Since 2018, when the company started mulling whether it should manufacture in-house, Beacon says revenue has grown by 28%, its workforce by 22% and its gross profit by nearly 400%.

The company’s president, Chad Riches, said that’s allowed the company to give better benefits, retirement plans and increase wages.

“We have more employees that have higher wages, and they pay more income taxes. Because we have more employees, we pay higher employment taxes. The company makes more and so we pay more in taxes,” Riches said on Tuesday, calling it a “return in investment” for the SBA.

Now, impacts from Congress’ budget bill that passed this summer, known as the “big, beautiful bill,” are being felt by small businesses like Beacon.

Riches said not taxing overtime and paid or family leave being tax deductible are among the biggest impacts — so is the ability to expense 100% of the manufacturing equipment Beacon bought several years ago to make metal and wooden doors and doorframes at its South Salt Lake factory.

“It allows us to put time, effort and money into research and development,” said Riches.

Meanwhile, critics of congressional Republicans’ massive tax and spending law have decried the legislation’s impact on health care, as some estimates point to as many as 10 million Americans being at risk of losing medical coverage they receive through Medicaid or the Affordable Care Act, while states are burdened with higher costs. Democrats contend the tax breaks disproportionately benefit the rich.

But since the law passed, Beacon has ramped up production. It used to produce roughly eight wooden doors each day, now it manufactures 40. It previously would go through about four steel coils — massive coils of steel that can weigh up to 30 tons and are used in door and doorframe production — each year. Now, Riches said, the company goes through 40 coils annually.

“We never in our wildest dreams thought we could do that,” Riches said.

Briggs, who was in Utah for a few days this week, said Beacon is “exactly what we want.”

“This is what the president is ultimately trying to do, to grow manufacturing here — people who produce stuff, people who produce good jobs,” he said. “He’s paying people more, hiring more people, growing his footprint. This is the story we want.”

Utah News Dispatch is part of States Newsroom, the nation’s largest state-focused nonprofit news organization.

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