GE Healthcare plans to expand operations in Cache Valley

FILE - GE Healthcare is holding a free breakfast for EMT's and First Responders. on Friday Sept. 20 from 8 a.m. until 11 a.m.

LOGAN – GE Healthcare Life Sciences will expand its operations in Cache County, with plans to create as many as 68 jobs in the next five years.

According to a release, GE Healthcare is expanding its operations at 928 West 1800 South in Logan with the help of a tax rebate. The company may earn up to 15% of the new state taxes it will pay over the five-year life of the agreement. The tax savings is known as an Economic Development Tax Increment Finance (EDTIF) tax rebate which has been approved by the Utah legislature. The Governor’s Office of Economic Development Board has approved a post-performance tax rebate for GE Healthcare not to exceed $254,554. Each year that GE Healthcare meets the criteria in its contract with the state, it will earn a portion of the total tax rebate.

“As part of our global strategy and outreach initiative, EDCUtah and GOED connected with GE Healthcare in 2018, and as a result, Governor (Gary) Herbert visited company executives in Boston that summer,” said Theresa A. Foxley, president & CEO of EDCUtah in a statement. “We were excited when the local GE Healthcare management team contacted us this fall to discuss this expansion opportunity, and we’re glad to see the project come to fruition.”

“Utah has America’s most diverse economy. Adding another well-known company to the state’s life sciences roster helps to strengthen that diversity,” said Val Hale, executive director of GOED. “We’re glad GE Healthcare has chosen to expand in Utah and bring more jobs to Cache County.”

GE Healthcare manufactures and distributes diagnostic imaging agents and radiopharmaceuticals for imaging technologies used in medical imaging procedures. The company develops health technology for medical imaging, diagnostics, patient monitoring systems, disease research and biopharmaceutical manufacturing.

Free News Delivery by Email

Would you like to have the day's news stories delivered right to your inbox every evening? Enter your email below to start!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.