Aribex Receives Utah Life Science Incentive for Growth
1/10/2012 6:58:57 AM
OREM, Utah--(BUSINESS WIRE)--Aribex, Inc., the worldwide leader in handheld x-ray technologies, has qualified for up to $350,000 in financial incentives from the state of Utah for expansion of their manufacturing capacity.
Aribex will receive the incentive in the form of tax credits that are contingent upon the company hiring 30 more employees in the next three years. The incentives were authorized under the new Technology and Life Sciences Economic Development Act passed by the Utah Legislature in 2011, and administered by the Board of the Utah Governor’s Office of Economic Development.
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