- business iconBusiness
- press release iconPress Releases
- tourism and film iconTourism and Film
- social iconSocial
Beijer Electronics Makes Their MoveDecember 12 2013 - 2:53 pm
For Immediate Release
December 12, 2013
Kari Heilman, Director, Human Resources & Quality
Michael Sullivan, GOED Communications Director
Beijer Electronics Makes Their Move
Expansion of Utah office will create 71 high paying jobs
Salt Lake City, UTAH — The Governor’s Office of Economic Development (GOED) and Beijer (bayr) Electronics announced plans today to expand the Salt Lake City office, a decision that will create 71 new high paying jobs over the next 10 years.
“We are excited about the number of electronic, engineering, manufacturing and development jobs the Beijer Electronics expansion will bring to Utah,” said Governor Gary R. Herbert. “Moves such as this reinforce the notion that Utah is a premier place to do business.”
For thirty years, Beijer Electronics has designed and manufactured human machine interface (HMI) products for industrial Original Equipment Manufacturers (OEMs) and vehicle system integrators. With a current workforce of 94 people, Beijer Electronics provides products to customers around the world. Products include automation software, operator panels, industrial/panel PCs and mobile data terminals.
Over the 10-year life of the agreement with the state, the company will pay out over $37,887,196 in new state wages. All of the incented jobs will pay at least 125 percent of Salt Lake County’s average annual wage including benefits.
In addition to the increase in new state wages, Utah’s economy will also benefit from $5,396,111 in new state tax revenues and $600,000 in capital expansion.
“I am excited about the opportunity that Utah provides to the Beijer Electronics, Inc., America’s Group. The local workforce is richly populated with educated and talented individuals who are motivated for success. The Utah infrastructure and technology services are critical in making the Salt Lake Region the perfect headquarters for many years to come,” said Barry Hobbs, president & CEO Beijer Electronics, Inc., Americas.
“It’s exciting to see a company like Beijer Electronic expand in Utah as they bring a diversity of quality jobs to the State,” said Jeff Edwards, president and CEO of Economic Development Corporation of Utah. “We look forward to a long partnership with them.”
To learn about available positions at Beijer Electronics go to the company website beijerelectronics.com and click on the about us tab.
As part of a contract with Beijer Electronics, the GOED Board of Directors has approved a maximum cap tax credit of $1,079,222 in the form of a post-performance Economic Development Tax Increment Finance (EDTIF) incentive, which is 20 percent of the net taxes Beijer Electronics will pay over the 10-year life of the agreement. Each year as Beijer Electronics meets the criteria in its contract with the state, it will earn a portion of the tax credit incentive.
About the Utah Governor’s Office of Economic Development (GOED)
The Governor’s Office of Economic Development (GOED) charter is based on Governor Gary Herbert’s commitment to economic development statewide. Utah’s economic development vision is that Utah will lead the nation as the best performing economy and be recognized as a premier global business destination. The mandate for this office is to provide rich business resources for the creation, growth and recruitment of companies to Utah and to increase tourism and film production in the state. GOED accomplishes this mission through the administration of programs that are based around targeted industries or “economic clusters” that demonstrate the best potential for development. GOED utilizes state resources and private sector contracts to fulfill its mission. For more information please contact: Michael Sullivan, 801-538-8811 or firstname.lastname@example.org
About Beijer Electronics
Beijer Electronics designs human machine interface (HMI) products and mobile data terminals (MDTs) you can depend on. With the recent acquisition of QSI Corporation by Beijer Electronics we now offer a full range of products. From powerful automation software, state-of-the-art operator panels and robust industrial PCs to environmentally rugged HMIs and mobile data terminals, we have what you need to get the job done right.
Since 1981, Beijer Electronics has evolved into a multinational group present in twenty-one countries. You will find our products operating in packaging facilities, oil fields, marine vessels, long-haul trucks as well as in some of the harshest environments known to man. Our extensive industry knowledge and progressive product design make us the ideal partner for your business.