The expansion of the Lehi plant, which currently employs about 1,100 people, will bring some 800 additional jobs to Utah's Silicon Slopes. 'These are high-paying jobs,' said Texas Instruments CEO Haviv Ilan, with an average salary of $110,000.
Texas Instruments"This is a huge day for team Utah," Cox said during the announcement in the Gold Room at the Utah Capitol, which was packed with dignitaries including Texas Instruments CEO Haviv Ilan and Rep. Burgess Owens.
Asked how many tax breaks were given to Texas Instruments to facilitate the expansion, Ryan Starks, executive director of the Governor's Office of Economic Opportunity, told reporters Utah offered the company to pay 30% of new taxes over 20 years in the form of a post-performance refundable tax credit.
"The investment is significant, and so we just capture a percentage of that investment and give it back to the company," Starks said.
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