Beijer Electronics Expands Its Salt Lake City, Utah, Office Center
Area Development Online News Desk (12/13/2013)
Beijer Electronics plans to expand its Salt Lake City, Utah, office center, creating 71 jobs during the next decade.
“I am excited about the opportunity that Utah provides to the Beijer Electronics, Inc., America’s Group. The local workforce is richly populated with educated and talented individuals who are motivated for success. The Utah infrastructure and technology services are critical in making the Salt Lake Region the perfect headquarters for many years to come,” said Barry Hobbs, President & CEO Beijer Electronics, Inc., Americas.
“We are excited about the number of electronic, engineering, manufacturing and development jobs the Beijer Electronics expansion will bring to Utah,” said Gov. Gary R. Herbert. “Moves such as this reinforce the notion that Utah is a premier place to do business.”
For thirty years, Beijer Electronics has designed and manufactured human machine interface products for industrial Original Equipment Manufacturers and vehicle system integrators. With a current workforce of 94 people, Beijer Electronics provides products to customers around the world. Products include automation software, operator panels, industrial/panel PCs and mobile data terminals.
As part of a contract with Beijer Electronics, the Governor’s Office of Economic Development Board of Directors approved a maximum cap tax credit of $1,079,222 in the form of a post-performance Economic Development Tax Increment Finance incentive, which is 20 percent of the net taxes Beijer Electronics will pay over the 10-year life of the agreement. Each year as Beijer Electronics meets the criteria in its contract with the state, it will earn a portion of the tax credit incentive.
“It’s exciting to see a company like Beijer Electronic expand in Utah as they bring a diversity of quality jobs to the State,” said Jeff Edwards, President and CEO of Economic Development Corporation of Utah. “We look forward to a long partnership with them.”