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Infab Lead

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Last Updated: 11 October 2020

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The Utah Governors Office of Economic Development today announced Infab Corporation to expand its operations in Utah, adding 90 jobs and 789 753 in new state revenue and 5 million in capital investment over the next five years. Infab is experiencing rapid growth and will be a great addition to Hildale, said Val Hale, executive director of the Governors Office of Economic Development. This project will help rural Utah create new jobs and beneficial to skilled workforce in Washington County. Found in 1981, Infab designs and manufactures radiation protection apparel and related accessories for healthcare professionals. Infab is the country's largest provider of medical radiation protection products and sells its products through distributors and direct sales force in the United States and internationally. The company offers lead aprons, glasses and gloves as well as other products for x - ray protection. Infab is currently based in Camarillo, California. Don Cusick, chairman of the Board, say, we searched throughout the US for the best place to expand our operations but fell in love with Utah, its people and the opportunity to make a positive impact on the state and community. Ceo Brittany Lepley echo those sentiments and add, Infab has grown tremendously these past ten years and we have assembled an excellent team of people along the way. We are very much looking forward to bringing this team spirit to Utah and to being the employer of choice! Tom Fink, vice president of operations at Infab, will take over management of the Utah facility effective June 1, 2019 under the newly created title of president of Utah operations. Infab plans to create up to 90 jobs in Utah over the next five years. Total wages in aggregate are required to exceed 110 percent of average County wage. Project new state wages over life of agreement may be up to 11 148 000. Project state tax revenue is the result of corporate, payroll and sales tax. Project new state tax revenues, as result of corporate, payroll and sales tax are estimated to be 789 753. Anytime we can help the county diversify its economic base with the addition of manufacturing project, it is a good day, say Theresa Foxley, president and CEO of Economic Development Corporation of Utah. When that manufacturing project lands in a rural community that is striving to transform itself and bring good jobs to its residents, it is particularly gratifying. Congratulations, Hildale, and welcome, Infab. Infab may earn up to 20 percent of new state taxes they will pay over the five - year life of agreement in form of post - performance Economic Development Finance tax credit. As part of the contract with Infab, GOED Board of Directors has approved EDTIF post - performance tax credit not to exceed 157 951 representing 20 percent of the estimated 789 753 of new state revenue, which may be earned over five years. Each year Infab meets criteria in its contract with the state, company will earn a portion of the total tax credit.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

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