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

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In exchange, the company also would have toinvest $17.3 million “to renovate and build out new corporate headquarters and operationsa facilities in the city,” accordinhg to the resolution. The company would expand its existing facility, at 1551 Sawgrass Corporatd Parkway, said Norm Taylor, director of Broward’s office of economi c development. The jobs are supposed to pay an averagw salaryof $98,000 – welcome news to Taylor.
“It means a whole bunch of people willpay mortgages, will pay taxew and will support their local supermarkets,” he “These are very high-wage jobs that we didn’y have happening frequently in our S&B is a subsidiary of Foxconn International a subsidiary of a Ltd., a Chines computer and electronics giant based in If S&B creates the 150 it potentially could receive $850,0090 in combined incentives from the city and the state. Broward and Sunrise each agreed tocontributw $125,000, for a total of $250,000. The state wouldr contribute anadditional $650,000 if it approves the S&B could not immediately be reached for comment.
The compang stated on its grant application that it employe 51in Sunrise, Taylor said, but it’s not cleatr how many, if any, are employe d separately under the Foxconn brand. Both companies list theifr address at 1551 SawgrassCorporate S&B/Foxconn is part of a growingg technology cluster in Sunrise that included Scottsdale, Ariz.-based General Dynamics C4 Systems (NYSE: GD) and Canada-based Research in Motion (NASDAQ: RIMM). The companies sprunfg up in Sunrise in sprinfg 2008 after laid off about 300workers – mostlyt engineers working on next-generation wireless technology – from its Plantatioj facility.