Utah’s Governor’s Office of Economic Development awarded Baxter Aerospace, Inc. a tax incentive on October 8 for a planned Washington City manufacturing expansion. The state announcement puts the company’s five-year plans at $19.55 million in investment and 90 new jobs. [1]
The Rural Economic Development Tax Increment Financing award is tied to performance. Utah says incentives are paid only after companies meet contractual benchmarks for investment, jobs and new state taxes. The announcement lists a credit equal to 30% of qualifying new state tax revenue. [1][2]
A separate October 8 local announcement describes an approximately 30,000-square-foot expansion, with the final site and timetable still being determined. The planned investment and hiring should not be read as completed. [3]