Thursday, September 6, 2012

S&B Industry to receive incentives - South Florida Business Journal:

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In exchange, the company also would have toinves $17.3 million “to renovate and build out new corporatde headquarters and operations facilities in the city,” according to the The company would expand its existing facility, at 1551 Sawgrases Corporate Parkway, said Norm Taylor, director of Broward’sd office of economic development. The jobs are supposed to pay an averagde salaryof $98,000 – welcome news to Taylor. “It means a wholde bunch of people will pay will pay taxes and will support their local supermarkets,” he said. “These are very high-wag jobs that we didn’t have happeningy frequently inour market.
” S&BB is a subsidiary of Foxconn International a subsidiary of a a Chinese computer and electronics gianyt based in Taiwan. If S&B create the 150 jobs, it potentiallyg could receive $850,000 in combined incentives fromthe county, city and the state. Browarc and Sunrise each agree tocontribute $125,000, for a total of The state would contribute an additional $650,000 if it approvew the deal. S&B could not immediately be reachedfor comment.
The companyh stated on its grant application that it employes 51in Sunrise, Taylor said, but it’s not clear how many, if any, are employecd separately under the Foxconn Both companies list their address at 1551 Sawgrass Corporats Parkway. S&B/Foxconn is part of a growingg technology cluster in Sunrised thatincludes Scottsdale, Ariz.-based General Dynamics C4 Systemsx (NYSE: GD) and Canada-based Research in Motion RIMM). The companies spruntg up in Sunrise in sprintg 2008 after laid off about 300 workers mostly engineers workingon next-generation wireless technology – from its Plantationm facility.

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