Wilson Electronics Expands Its Washington County, Utah, Manufacturing Center
“Wilson Electronics has a long history as a job creator in Washington County,” said Robert Van Buskirk, Wilson Electronics President/CEO. “We’re very pleased that the company is able to contribute to the local economy by creating additional jobs as we expand into new markets and continue to grow our existing business. We sincerely appreciate the support of the Utah Governor’s Office of Economic Development in our efforts.”
“For many years Wilson Electronics has had a positive, significant impact on the local economy and community of Washington County,” said Spencer P. Eccles, Executive Director of GOED. “We commend the company for the success it has achieved and are pleased to offer our support as it continues to grow.”
Wilson Electronics expects to add 75 to 150 new professional and production positions over the next 5 years. State economic development officials said Wilson Electronics invests heavily in training new, as well as existing, employees on its product line and manufacturing processes. The expansion is also expected to lead to an estimated capital investment of $2.7 million.
“EDCUtah commends Wilson Electronics on their decision to expand in Washington County,” said Jeff Edwards, President/CEO of Economic Development Corporation of Utah. “Wilson Electronics’ commitment to Washington County shows great confidence in Utah’s workforce and business environment.”
As part of a contract with Wilson Electronics, the GOED Board of Directors has approved a maximum cap tax credit of $266,312 in the form of a post-performance Economic Development Tax Increment Finance incentive, which is 15 percent of the net taxes Wilson Electronics will pay over the five-year life of the agreement. Each year as Wilson Electronics meets the criteria in its contract with the state, it will earn a portion of the tax credit incentive.
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