From Deseret News archives:
Incentive program hailed as a boon for Utah
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Merit and Carlisle incentives were through the state Industrial Assistance Fund. The deals for Sports Capital Partners, Extra Space Storage and KraftMaid were through HB11.
Before HB11 took effect, the state could provide tax rebates for relocations and expansions at certain aerospace and aviation zones. Under that program, Utah provided a $17.7 million incentive over 15 years for Adam Aircraft for 675 employees and an $18.9 million incentive over 20 years for Williams International for 494 employees. The Adam Aircraft deal is expected to generate $93.6 million in new state revenue, while Williams' is expected to add $63 million, according to GOED.
E-mail: bwallace@desnews.com
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