Parker Hannifin

Project Name 
Date Announced 
1Q 2018
“The economic climate in Utah is quite favorable for business development, and the area is an excellent place for our team members to live and work.” -- Doug Dilley, commercial business unit manager for the Control Systems Division operation in Ogden



$2.8 million 


Parker Hannifin may earn up to 15 percent of the new state taxes they will pay over the six-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 Parker Hannifin, the GOED Board of Directors has approved a post-performance tax credit rebate not to exceed $1,003,584. Each year as Parker Hannifin meets the criteria in its contract with the state, it will earn a portion of the total tax credit rebate.