Borsight

Project Name 
Hercules 2018
Date Announced 
1Q 2018
Site 
Ogden
“We are grateful to GOED for helping to make this possible. Our leadership team, and the leaders from Ogden City who helped make this possible,” -- Martin O’Loughlin, a Borsight executive
Jobs 

95

Investment 

$6.3 million

Incentives 

Borsight may earn up to 20 percent of the new state taxes they will pay over the seven-year life of the agreement in the form of a post-performance Economic Development Tax Increment Finance (EDTIF) tax credit rebate. As part of the contract with Borsight, the GOED Board of Directors approved a post-performance tax credit rebate not to exceed $825,008. Each year as Moog meets the criteria in its contract with the state, it will earn a portion of the total tax credit rebate.