{"id":1004169381,"date":"2017-03-15T07:03:25","date_gmt":"2017-03-15T15:03:25","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004169381"},"modified":"2022-12-08T19:50:42","modified_gmt":"2022-12-09T03:50:42","slug":"medical-device-manufacturer-to-build-new-hq-in-utah","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/medical-device-manufacturer-to-build-new-hq-in-utah\/","title":{"rendered":"Medical Device Manufacturer to Build New HQ in Utah"},"content":{"rendered":"<p>By Laura Calugar<\/p>\n<div id=\"attachment_1004169382\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Capture3.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004169382\" data-attachment-id=\"1004169382\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/medical-device-manufacturer-to-build-new-hq-in-utah\/capture-81\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Capture3.jpg\" data-orig-size=\"1153,626\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Capture\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Capture3.jpg?w=1024\" class=\"wp-image-1004169382 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Capture3.jpg\" alt=\"Biomerics' current headquarters in Salt Lake City \" width=\"300\" height=\"163\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Capture3.jpg 1153w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Capture3.jpg?resize=300,163 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Capture3.jpg?resize=768,417 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Capture3.jpg?resize=1024,556 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004169382\" class=\"wp-caption-text\">Biomerics&#8217; current headquarters in Salt Lake City<\/p><\/div>\n<p><strong>Salt Lake City<\/strong>\u2014Biomerics and the Governor\u2019s Office of Economic Development (GOED) recently announced that the medical device plastics manufacturer will build its corporate headquarters in Utah, after an estimated $39 million in capital investment. The company intends to add up to 380 jobs to the community by 2025. The exact location of the new 200,000-square-foot property will be announced at a future date.<\/p>\n<p>Biomerics specializes in the design, development and production of medical devices for diagnostic and interventional procedures for the cardiovascular, structural heart, cardiac rhythm management and vascular access markets. The company may earn up to 20 percent of the new state taxes they will pay over the eight-year life of the agreement. The GOED board has approved a post-performance tax credit rebate not to exceed $3 million.<\/p>\n<p>\u201cUtah provides a unique business environment and community for the growth of the company. We are proud to be part of this community and appreciate the support of GOED and EDCUtah in this important decision,\u201d said Travis Sessions, CEO of Biomerics, in a prepared statement.<\/p>\n<p>The total wages in aggregate are required to exceed 110 percent of the county average wage. The projected new state wages over the life of the agreement are expected to be approximately $133 million. Projected new state tax revenues, as a result of corporate, payroll and sales taxes, are estimated to be $15 million over eight years.<\/p>\n<p>Founded in 2009, the company currently has five locations, including a recent expansion in Minnesota. The company&#8217;s current headquarters is in Salt Lake City.<\/p>\n<p><em>Image via Google Street View <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Biomerics plans to invest $39 million in a new, 200,000-square-foot corporate headquarters that will create 380 jobs over the next eight years. <\/p>\n","protected":false},"author":238,"featured_media":1004169382,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21783,21742,21747,1606,15],"tags":[34435,34434],"class_list":["post-1004169381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-investment","category-latest","category-office","category-salt-lake-city","category-west","tag-biomerics","tag-governor-gary-herbert"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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