German company gets Utah tax break

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News,Business

SALT LAKE CITY (AP) — Utah has granted one of the leading makers of prosthetic devices a tax incentive to expand operations in Salt Lake City.

Ottobock HealthCare says it plans to add more than 80 jobs in Utah in the coming years.

Gov. Gary Herbert's chief economic developer, Spencer Eccles, says the Germany-based company will get a tax credit worth up to nearly $400,000 that's tied to the number of jobs it creates.

Ottobock employs more than 7,000 people worldwide.

Paralympians and U.S. servicemen are among users of Ottobock prosthetics. One of the company's most recent products is a microprocessor-controlled knee that's said to be waterproof.

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