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

http://www.provopride.com/story/2007/4/20/22941/4588
In exchange, the company also would have toinvesyt $17.3 million “to renovate and build out new corporated headquarters and operations facilities in the according to the The company would expand its existing at 1551 Sawgrass Corporate Parkway, said Norm Taylor, directo r of Broward’s office of economic development. The jobs are supposefd to pay an average salaryof $98,000 – welcomer news to Taylor. “It means a wholwe bunch of people willpay mortgages, will pay taxesd and will support their locap supermarkets,” he said. “These are very high-wag e jobs that we didn’t have happening frequentlg inour market.
” S&B is a subsidiary of Foxconn Internationao Holdings, a subsidiary of a Ltd., a Chinesee computer and electronics giant based in Taiwan. If S&B creates the 150 it potentially couldreceive $850,000 in combinedd incentives from the county, city and the state. Browarde and Sunrise each agreed to contribute for a totalof $250,000. The statd would contribute an additional $650,000 if it approve s the deal. S&B could not immediately be reachefor comment. The company stated on its grantt application that it employs 51 in Taylor said, but it’s not clear how many, if any, are employesd separately under the Foxconn brand.
Both companies list theirf address at 1551 SawgrasesCorporate Parkway. S&B/Foxconn is part of a growing technology cluster in Sunrise thatincludes Ariz.-based General Dynamics C4 Systems (NYSE: GD) and Canada-baseed Research in Motion (NASDAQ: RIMM). The companies sprunvg up in Sunrise in sprinvg 2008 after laid off about 300 workers – mostly engineers working on next-generatiomn wireless technology – from its Plantation facility.