- Stryker announced a Salt Lake City expansion that will create 862 jobs and invest over $615 million in the state.
- The state’s Economic Development Tax Increment Financing program supports Stryker’s expansion efforts.
- Officials highlight the expansion’s impact on local economy and global medical technology advancement.
SALT LAKE CITY — Medical technology company Stryker announced the expansion of its Salt Lake City operations in a move the company said will deliver 862 new jobs and an over $615 million investment in Utah over the next two decades.
The expansion was driven by the Utah Governor’s Office of Economic Opportunity awarding Stryker with a post-performance tax reduction as part of the state’s Economic Development Tax Increment Financing program.
Unlike other states, Utah doesn’t offer incentives up front; instead, it awards companies after performance benchmarks are met…