News

Utah offers incentives to lure hundreds of new jobs

The state of Utah on Thursday approved an incentive of as much as $3.2 million for Lifetime Products Inc., which plans to add 282 jobs in Davis County in the coming years.

The company, which already has 1,700 employees in Clearfield, accepted the state’s incentive offer immediately after it was approved by the Governor’s Office of Economic Development Board, which reviews incentive applications and is made up of business people and community leaders.

In all Thursday, the state handed out nearly $6 million in incentives to Lifetime and two other companies, with the promise they will add about 1,300 jobs in coming years.

The incentive to Lifetime, payable in the form of a tax credit over 20 years, is designed to ensure the company will expand in Utah.

By LESLEY MITCHELL

The Salt Lake Tribune

Full Story: http://www.sltrib.com/sltrib/money/52716245-79/company-incentive-state-jobs.html.csp

Sorry, we couldn't find any posts. Please try a different search.

Leave a Comment

You must be logged in to post a comment.