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Ottobock earns state tax credit for expansion plans

January 14, 2014HME News Staff

SALT LAKE CITY - Utah is giving Ottobock a $392,000 post-performance tax credit to help the manufacturer add more than 80 jobs at its expanding Salt Lake City facility, the Salt Lake Tribune reports. The credit represents about 20% of the $2 million in new taxes the company is expected to pay over the seven-year term of its deal with the Utah Governor's Office of Economic Development, according to the story. Fifty-five of the new jobs generated will pay at least 125% of Salt Lake County's minimum...

Expansion, Ottobock, tax credit

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