Borsight

Project Name 
Hercules 2018
Date Announced 
1Q 2018
Site 
Ogden
“We are grateful to GOED, 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.