The new positions will offer wages in excess of 100 percent of the Cache County average wage, including full benefits. New state wages paid over the 10-year life of the incentive should exceed $115 million and the state expects to receive more than $8.7 million in new taxes paid over the same period. Deseret News
Thursday, February 10, 2011
Governors Office of Economic Development OKs $30 million expansion incentive for Cache Valley manufacturer
The Board of the Governor’s Office of Economic Development Thursday approved a post-performance tax rebate to assist a meatpacking and processing facility to expand in Cache County. JBS USA Holdings Inc. will invest more than $30 million in the development of a new and expanded facility in Hyrum. When completed, the facility will employ 420 new full time staff in addition to the nearly 1,000 current employees already working at the location.
