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Stryker wins $3m tax break for Utah facility expansion
Stryker (NYSE:SYK) has won a $3.4 million tax-rebate incentive from the state of Utah to expand its neurotechnology training and manufacturing center in Salt Lake City, according to a Salt Lake Tribune report. Kalamazoo, Mich.-based Stryker aims to add 540 people and spend $100 million over the next 10 years as part of the expansion, according to the report. As part of the tax break deal, workers hired by Stryker will be required to be paid 100% of the average wage in Salt Lake County, resulting in new wages of $192 million and $17 million in state tax revenue, the SL Tribune reports. “World-class companies like Str...
Source: Mass Device - October 13, 2017 Category: Medical Devices Authors: Fink Densford Tags: Business/Financial News Stryker Source Type: news