By Brian Bandell (South Florida Business Journal) -- Home Diagnostics could get up to $675,000 in public incentives to add 135 jobs to its Fort Lauderdale headquarters
The Broward County Commission is scheduled to vote on a measure approving its $175,500 share of the job growth incentive deal on Feb. 26. The city of Fort Lauderdale has already approved a deal that would give the diabetic testing supply manufacturer the same amount of incentives. The balance of the funds would come from the state’s Qualified Target Industries program.
Home Diagnostics (NASDAQ: HDIX) would create the 135 jobs over four years and must maintain each new employee for at least one year. The average salary must be at least $42,629.
“They are adding the types of jobs that we want to have in the community,” said James Tarlton, president of the Broward Alliance, which worked with the company on the deal. “They are creating the knowledge base of workers that are important to building a high-tech environment here.”
The county estimates the expansion would generate $837,671 in tax revenue, which would be tapped to give the company incentives.
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