From Deseret News archives:
Economic board approves incentives for 2 businesses
Up to $2.5 million in a tax rebate over 10 years for a food services distributor that would add 200 to 225 new full-time jobs, giving the existing Utah facility 450 to 475 total jobs.
The company whose name, location and financial information were not disclosed originally was offered a tax rebate of up to $1 million. But the company is facing increased costs because the original site offer has been rescinded. The new jobs are projected to pay 192 percent of the county median. Its capital investment would be $29 million. The approval could mean $8.86 million in new state revenue over 10 years.
Up to $750,000 in Industrial Assistance Fund money to Viracon, in the form of $3,000 per job for 250 new manufacturing jobs in Washington County.
Viracon has narrowed its expansion choices to two locations after initially considering more than 10 cities. Utah is competing with Tucson, Ariz., which has offered nearly $4 million in incentives.
Comments
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