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SALT LAKE CITY (AP) -- The state is offering tax breaks to lure a Procter & Gamble Co. factory that could have 1,000 employees by 2028.
The proposed site is in Box Elder County in northwestern Utah. P&G's paper products division, which makes Bounty paper towels, Charmin toilet tissue and Puffs tissue, is looking at other states, too.
It would open with 300 employees; 500 by 2012. "It really is an amazing thing to have a company like this exploring the state of Utah," said Jason Perry, executive director of the Governor's Office of Economic Development. "We'd be happy to have them here."
The tax rebate, approved by the economic development board Tuesday, could be worth as much as $85 million. It would be tied to new state revenue generated by the project.
Box Elder County is working on its own sweeteners. "Congratulations to everybody," board member Gerald Sherratt said. "You've done a great job. I hope this works."
Information from: Deseret Morning News
(Copyright 2007 by The Associated Press. All Rights Reserved.)