From Deseret News archives:
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 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.
Comments
- NASA sets Monday shuttle launch 11:53 a.m.
- WVC robberies investigated 11:41 a.m.
- Funeral today for Utah soldier 11:16 a.m.
- Vaccination clinic set in St. George 11:15 a.m.
- $47B in suspect Medicare claims 11:11 a.m.
- 3 dead in Reno helicopter crash 11:02 a.m.
- Galaxy headed to MLS Cup 10:45 a.m.
- Veteran climber dies in Himalayas 10:36 a.m.
- Slovakia beats U.S. 1-0 10:30 a.m.
- Suicide attack kills 11 in Pakistan 10:28 a.m.
- Attack meant to kill apostle
- Williams leaves, won't play tonight
- Short-handed Jazz fly past Sixers
- Can BYU root for (ick) Utah Utes?
- Man killed during 3rd I-15 crash
- Bench proves fruitful for Y.
- D-Will home for daughter
- Trial begins in toddler death
- Born of water and the spirit
- Utes excited for 'dream' game
- SLC council OKs gay rights policies
349 - Editorial: Mormons and gay rights
199 - Senators want food tax restored
162 - Will state consider gay rights law?
145 - Letters: Strange breed in Utah
129 - Utes remain silent about BCS
120 - S.L. vote pending on gay protections
113 - Can BYU root for (ick) Utah Utes?
105 - Celtics crush Jazz
104 - Pratt pleads not guilty to sex charges
103
If you are looking for a bird on the cheap, the following specials from...
Maybe someone out there can help me understand how raising the state...
The reason that won't be the case is because, unlike your teams line, our...
This freedom of speech issue is enough to make me want to remain as a private...
What is everyone talking about? Good luck next game? I could have sworn I...
yeah, TV might be rude. but springville isn't smart for trying to compare...
Thanks, Robinson, for a laugh-out-loud funny article which makes a point then...
WAC 1-0 vs the MWC this year, next week will be 2-0 for the WAC when Utah...
"Three Rivers" is an excellent program. I hope everyone will tune in!
A real man! What a pro that Mathis is! He's great! I thought Matthews played...
I wouldn't call Brown "big". Tall, maybe, but he's maybe the skinniest high...
Tobacco prevention saves lives and money.



You can be the first to comment on this story.