The Governor's Office of Economic Development announced approval of two new tax incentives that could result in more than 1,200 new jobs.
At the latest board meeting, GOED said Salt Lake City-based Varian Medical Systems is expanding its existing Salt Lake operation, a move that Varian estimates will lead to the creation of 1,000 new full-time jobs over the next 15 years.
Varian is a manufacturer of medical devices and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy and brachytherapy. The company is also a supplier of X-ray tubes and digital image detectors for X-ray imaging in medical, scientific and industrial applications, as well as X-ray imaging products for cargo screening and industrial inspection.
“Varian’s X-ray technology manufacturing operations have been part of the Utah economy since the early 1940s,” said Dow Wilson, Varian’s CEO. “Today, some 70 percent of the orders for our X-ray products come from customers outside the U.S., making us one of Utah’s largest exporters.”
The expansion of the Utah facility will add 120,000 square feet to the existing 341,000-square-foot building. Varian expects to make an estimated capital investment of $40 million for new construction at the site.