The state made another investment Thursday to bolster its life-sciences industry, extending a $3.4 million tax-rebate incentive to medical technology company Stryker, which is expanding its neurotechnology training and manufacturing center at 4870 S. 2100 South in Salt Lake City.
Based in Kalamazoo, Mich., Stryker expects to hire 540 people and to spend $100 million on the expansion over the next decade. With these workers are required to earn at least 110 percent of the average Salt Lake County wage, the hirings should result in new wages of $192 million plus $17 million in additional state tax revenue.