Integrated Rail and Resources, Inc (IRRX) has been awarded a post-performance tax reduction by the Governor’s Office of Economic Opportunity thanks to its expansion in Uintah County. IRRX projects to add 40 new, high paying jobs tied to the Uinta Basin Railway project with an investment of over $87 million dollars in Utah in the next 6 years. IRRX was founded in 2021 to focus on potential business combinations in the North American railroad and bulk commodity sectors. As of late 2024, it announced a business combination agreement with Tar Sands Holdings II, LLC, which owns refining and real estate assets and mineral rights. “Strengthening our rural infrastructure is foundational to Utah’s long-term economic stability,” said Jefferson Moss, executive director of the Governor’s Office of Economic Opportunity. “This investment in Uintah County reinforces the Uinta Basin’s role in driving shared prosperity across our state. By modernizing our railway and resource sectors, we are creating high-quality jobs and ensuring Utah remains a global leader in energy and logistics for generations to come.” IRRX Chairman Mark Michel says, “By leveraging critical infrastructure in northeastern Utah, we are unlocking stranded and captive resources and enabling access to new markets and opportunities that were previously unavailable due to logistical constraints. This effort is about more than infrastructure; it is about helping the Uinta Basin, and the State of Utah, reach its full potential by creating high-quality jobs and ensuring Utah’s global leadership in energy and logistics for generations to come.” Visit business.utah.gov to learn more.
