S&B Industry to receive incentives - South Florida Business Journal:

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In exchange, the company also woulrd have toinvest $17.3 million “to renovatw and build out new corporate headquarterws and operations facilities in the according to the resolution. The company woulf expand its existing facility, at 1551 Sawgrassw Corporate Parkway, said Norm Taylor, director of Broward’s office of economiv development. The jobs are supposed to pay an averaged salaryof $98,000 – welcome news to Taylor. “Ift means a whole bunch of people willpay mortgages, will pay taxesx and will support their local supermarkets,” he “These are very high-wage jobs that we didn’t have happening frequently in our market.
” S&Bv is a subsidiary of Foxconn Internationalo Holdings, a subsidiary of a a Chinese computer and electronics giant based in Taiwan. If S&h creates the 150 jobs, it potentially coul d receive $850,000 in combined incentivesa fromthe county, city and the state. Browarrd and Sunrise each agreed tocontribute $125,000, for a totalk of $250,000. The stater would contribute anadditional $650,00 0 if it approves the deal. S&B could not immediately be reachecdfor comment. The company stated on its grant application that it employsa 51in Sunrise, Taylor but it’s not clear how many, if any, are employes separately under the Foxconn brand.
Both companiese list their address at 1551 SawgrasdCorporate Parkway. S&B/Foxconn is part of a growinf technology cluster in Sunrise thatincludes Scottsdale, Ariz.-based General Dynamics C4 Systeme (NYSE: GD) and Canada-based Research in Motion RIMM). The companies sprung up in Sunrise in spring 2008 afterr laid off about 300workers – mostly engineersd working on next-generation wireless technology from its Plantation facility.