From Deseret News archives:
State to give $250,000 for fiber line into Logan
The Utah Board of Business and Economic Development on Friday approved the amount for the project, which is about half of what's needed to cover a financial shortfall in the project. Comcast has been working with city and county officials to come up with the bulk of the money needed. Board member Mark Howell said the remaining amount of the shortfall will need to be raised by the Cache community.
"The real issue is there is not a secondary or duplicate fiber line going into the city of Logan, and when a company comes in there, they need a redundant capability for technology," Howell said. "It has impacted Utah State (University), which has not been able to get some of the research work.
"There are companies that just won't even consider Logan because there is no redundancy in the fiber line, and there are companies that have left because they don't have that capability from that redundant fiber line."
Other incentives were approved by the board Friday, including:
Extra Space Storage will receive a 30 percent tax rebate for 10 years in connection with 90 to 100 new jobs, which will pay more than double the Salt Lake County median. It must commit to keep the jobs in Utah at least 10 years.
A film production incentive was approved for Salty Pictures Inc.'s production of the made-for-TV movie "High School Musical." The incentive will be a rebate of up to 10 percent of the "money left in the state" from the film's production.
Another film production incentive was approved for Ambush Entertainment for its "Unearthed" feature film. The rebate is up to 12 percent.
The board also created an aerospace/aviation zone at the Carbon County Airport. Companies expanding or relocating in the zones can apply for certain tax rebates if their operations create incremental tax revenue for the state.
E-mail: bwallace@desnews.com
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