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…