Cytiva expansion incentive
A $150,000 Redevelopment Agency incentive for Cytiva's expansion, tied to a planned $240 million investment and about 396 jobs over five years.
- Where it stands
- Approved
- Type
- Development agreement
- Location
- Logan River project area, Logan
- Applicant
- Cytiva
Every hearing and vote
August 17, 2021 · City Council
Cytiva expansion incentive, Resolution 21-45 RDA (Redevelopment Agency)
Discussed
Sitting as the Redevelopment Agency, the council heard a proposed $150,000 incentive for the Cytiva expansion in the Logan River project area, payable after completion and proof of the planned investment. Cytiva expects 396 jobs over five years and a $240 million investment; the Economic Development Committee recommended approval. No agency vote was recorded; the item returned September 7.
September 7, 2021 · City Council
Cytiva expansion incentive, Resolution 21-45 RDA (Redevelopment Agency)
Approved · 4-0
Economic Development Director Kirk Jensen presented a $150,000 incentive from the Logan River project area reserve for Cytiva's expansion, payable after completion and proof of the planned $240 million investment and about 396 new jobs. Scott Stewart asked whether Cytiva would hire that many people amid a labor shortage; Jensen said the funds are performance-based. Gail Yost asked about wages; Jensen said Cytiva raised its minimum production wage to $20 an hour and offers full benefits. The agency approved it unanimously, with Council Member Amy Anderson excused.