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St. George — Wilson Electronics has announced that it will expand its existing facility in Washington County after signing a tax incentive agreement with the Governor's Office of Economic Development.
Wilson Electronics expects to add 75 to150 new professional and production positions over the next 5 years, which will earn an average of 125 percent of the average wage in Washington County, with each position including benefits. New state wages over the five year life of the agreement are expected to be approximately $22.4 million. The expansion is also expected to lead to an estimated capital investment of $2.7 million. Over the five year period, the expansion is estimated to generate new state taxes of $1.7 million.
"Wilson Electronics has a long history as a job creator in Washington County,” said Robert Van Buskirk, Wilson Electronics president and CEO. “We’re very pleased that the company is able to contribute to the local economy by creating additional jobs as we expand into new markets and continue to grow our existing business."
As part of a contract with Wilson Electronics, the GOED Board of Directors has approved a maximum cap tax credit of $266,312 in the form of a post-performance Economic Development Tax Increment Finance (EDTIF) incentive, which is 15 percent of the net taxes Wilson Electronics will pay over the five-year life of the agreement. Each year as Wilson Electronics meets the criteria in its contract with the state, it will earn a portion of the tax credit incentive.
Wilson Electronics designs and manufactures amplifiers, antennas and related components to improve communications for cell phones and cellular data devices.