Tax rebate secures Logan BioCenter
The announcement came shortly after a state board approved a tax rebate of up to $2,735,000 over 10 years to secure the project.
The company, based in Massachusetts, said the BioCenter will produce the containers and related products at its existing Thermo Scientific HyClone Bioprocess product business unit in Logan.
The containers are used for cell-culture applications as well as the production of protein-based drugs and are used in mixing, storage and transportation of bioprocessing fluids and for bioreactors that are used to grow cells, proteins and other biochemically active substances.
"The market outlook for the bioprocessing industry continues to be very bright as there are thousands of biotech products under development," Marijn E. Dekkers, president and chief executive officer, said in a prepared statement. "This investment will allow us to better meet the needs of our customers as they work toward new therapies for treating disease and improving health."
The company said the 37,000-square-foot facility is expected to be completed by the fall of 2008 and will be the first of a three-phase construction plan that will create a 94,000-square-foot BioCenter over the next four years. The facility will replace and expand an existing operation in Logan.
The new facility will have an administration building, sera and liquid-media processing facility, powdered-media facility, warehouse and the existing BPC facility. The initial project is expected to create 75 new jobs, both in production and management functions, with additional jobs created as the facility is expanded, the company said.
Groundbreaking will take place Oct. 9.
The Governor's Office of Economic Development Board on Friday approved the tax rebate for the creation of 196 full-time jobs that are expected to pay an average of more than $30,000 per year, or 45 percent above the Cache County median. The company also will receive free land from the city of Logan valued between $1 million and $1.5 million.
Fisher Scientific acquired HyClone, a Utah State University spinoff, in 2003 and last November merged with Thermo Scientific to form Thermo Fisher Scientific. Its Logan operations currently employ about 400 people.
Publicly traded Thermo Fisher Scientific employs more than 30,000 people worldwide and has annual revenue of more than $9 billion.
In other action Friday, the state board adjusted a previously approved incentive for the Barnes Aerospace Division of the Barnes Group Inc. The company will create fewer jobs than originally planned but still will add 474 full-time jobs in Weber County and retain 145 existing jobs in Ogden.
Comments
- Paris Hilton set to take stand 10:52 a.m.
- Papers plan boycott of Britney show 10:50 a.m.
- A look at the world in pictures 10:41 a.m.
- Arrests in near dragging of officer 10:35 a.m.
- Myths harmless, unnecessary 10:17 a.m.
- Reactions on Boozer speculation 10:15 a.m.
- Obama and pope hold first meeting 10:11 a.m.
- Stocks falter 10:10 a.m.
- Springville may allow chickens 10:08 a.m.
- Man admits slaying in cold case 10:07 a.m.
- Jazz talking Boozer trade?
- Stadium of Fire flag burning was fake
- Jazz in back of line for free agents
- Okur signs two-year extension
- A primer for the 6th Potter film
- Jazz won't meet Lopez on Europe trip
- Restaurant destroyed by fire
- Mall owner seeks to retain zoning
- Jazz rally for OT win at Orlando
- AK will not play for Russia this summer
- Bronco collecting a galaxy of recruits
140 - Letters: Palin mistreated
137 - Teachers struggle with district cuts
135 - Blazers may offer Millsap a contract
123 - Jazz talking Boozer trade?
110 - Fairness of BCS debated
81 - Moon landing: Let's hear from you
78 - Chaffetz eyes challenging Bennett
73 - Services bids farewell to Jackson
70 - Letters: Single-payer system best
69
By now you've probably read about the investigation that showed just how...
The photographs are mysterious, brooding, dark. They show dimples and...
Until you have fought a long corner going 30 MPH on ice, you really have no...
There have been chickens in our neighborhood in Springville for the more than...
Kevin is extremely qualified for this position and listens to the little...
Education (K-12) is generally a state's largest budget item. The Supreme...
A narrow snapshot in time and geography is meaningless. I can't believe the...
Did Michelle wear something inappropriate or man handle the Pontiff. I hear...
Bernick, keep drinking the Koolaide. You state that Conservatives are...
Since 1998 the Honda Civic GX has been recognized EVERY YEAR as the cleanest...
So, even if the issue is not "settled", does it mean we should not be better...
Yeah? Look at all the GOP still defending their dead and irrelevant party to...




You can be the first to comment on this story.