Stryker

Project Name

Homer

Date Announced

4Q 2017

“We are excited to continue our expansion of Stryker’s operations and partner with state and local government in the future.” -- Mark Paul, president of Stryker’s neurovascular division

Jobs

540

Investment

$100 million

Incentives

Stryker may earn up to 20 percent of the new state taxes they will pay over the 10-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 Stryker, the GOED Board of Directors has approved a post-performance tax credit rebate not to exceed $3,393,272. Each year as Stryker meets the criteria in its contract with the state, it will earn a portion of the total tax credit rebate.