From Deseret News archives:
Incentives luring jobs to Utah
Williams to hire 156; BD Medical may add 325
The state Board of Business and Economic Development on Friday approved financial incentives for both companies.
Williams will get a rebate of a percentage of new incremental state tax revenues over the 2003 baseline during a 20-year period as it adds 156 jobs to manufacture jet engine product lines.
The level of the rebate depends on the company identifying Utah as its "preferred product location" for aviation products. If Williams puts aviation production activities outside Utah during the first 10 years of the relationship without the board's approval, both the rebate percent and length of the rebate period would be significantly reduced.
Board member Barbara Zimonja said the agreement is structured "mostly to incentivize Williams to always stay in Utah, and I think that from the conversations we've had, I think that our goals are the same."
Williams' engineering and administrative headquarters are in Walled Lake, Mich. The company has more than 300 employees in Ogden at operations near the Ogden-Hinckley Airport.
The BD Medical incentive could total more than $1 million in Industrial Assistance Fund money. The Sandy-based company was approved for $3,000 per new position that is between 125 percent and 200 percent of the Salt Lake County median, and $4,000 for each new job paying higher than 200 percent of the county median.
BD has about 1,200 employees in Utah.
Zimonja said Utah is competing with another state with perhaps a larger incentive than Utah's. Michael Halladay, plant manager for surgical and infusion therapy systems, said two locations outside the United States also are vying for the expansion.
"I know it's very good," he said of Utah's incentive. "I'm not sure I could measure it against the other state, but I know this state has been extremely willing and helpful to work with and help us, as has the county and Sandy city both. We're working with them right now on additional incentives. We'll see how it stacks up."
Comments
- Dixie campus briefs 1:10 a.m.
- Westminster campus briefs 1:09 a.m.
- UVU campus briefs 1:07 a.m.
- Utah Utes campus briefs 1:07 a.m.
- Visit to paradise nightmarish for Ags 12:32 a.m.
- Utes struggling to shake starts 12:31 a.m.
- Cougars' execution flawless 12:30 a.m.
- Utah Jazz fall apart against Kings 12:17 a.m.
- 3A football: Tigers pull away 12:12 a.m.
- Editorial: 'Immigrant' children needy 12:12 a.m.
- Gay advocates trek to LDS office
207 - Dirk does dirty work in Dallas
190 - Lobo suspended
171 - Speed has never been BYU's game
136 - Cougars crush hapless Cowboys
128 - House passes health care bill
111 - RSL rallies to advance
102 - Prep football: San Juan vs. S. Sevier
102 - Thousands protest health bill
100 - Provo company innovating engines
98
Nothing proposed would keep young adults from learning of the reality of sex,...
the only "decent" team we played we lost to? I guess that Air Force isn't a...
I am watching the game again, and it is awesome!!!
I can't help but laugh inside when I read comments from YBU/TCU fans who...
(from the independant) I like Dennis Miller.... and Bill Maher, although I...
As a BYU alumnus, I can't justify to myself ever donating another dollar to...
Not a chance. Don't get me wrong they are both studs, but if Asiata wasn't...
Titan Fan, sorry that some of your best players got hurt. I hope they...
So sad how fear based so many are.
Will the Jazz even make the playoffs this year. The way they are playing it...


You can be the first to comment on this story.