From Deseret News archives:
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The eBay project "is larger, but different because it has less people and more machines," board member Mel Lavitt said Friday. "We're getting more and more infrastructure from these major-league corporations in Utah, and it will help us as a referral for other big companies to come in and for them to continue to expand either their people or their machines."
The GOED board on Friday also approved an alteration of an earlier incentive for Frensenius USA, which produces dialysis products in Ogden at a facility with about 800 employees.
The board action Friday represents the third incentive for the project. In 2005, the company was approved for a tax-rebate incentive of up to $1.5 million, but that was reworked in September 2006 into a rebate deal for up to $3 million to help the company offset land costs. Friday's incentive is for a tax credit of nearly $4.2 million, and it is subject to a future local incentive to be approved by the board.
Fresenius Medical Care North America provides dialysis products and services in the United States and Canada. The company employs 20,000 people in the United States. The parent company, Fresenius Medical Care AG, is a publicly traded German company.
The GOED board on Friday also approved a motion picture incentive of up to $500,000 for Spirit Productions for the film "If the Spirit Moves You." The independent feature film's budget is expected to be about $8 million, with $7 million spent in Utah.
E-mail: bwallace@desnews.com
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