BOISE -- A company founded in Boise pledges to keep growing here, and adding local jobs, in return for a tax break.
Diversified Fluid Solutions announced Thursday that it will expand its Boise facility and add 50 to 60 full-time jobs with benefits with the help of a tax reimbursement incentive credit from the State of Idaho.
The company was founded in Boise in 2009, and became a subsidiary of Vermont-based Critical Process Systems Group in November of last year.
DFS makes chemical blending and distribution systems for a variety of industries, and is considered a leader in making those systems for semiconductor companies such as Micron.
Its current facility near Boise Towne Square is 11,000 square feet. Now DFS plans to move into a space of more than 40,000 square feet.
To staff that expansion, the company plans to hire at least 50 engineers, fabricators, technicians and managers.
According to the Idaho Department of Commerce website, those jobs will pay an average of $46,000 a year, which is more than the average wage for Ada County.
Those jobs and that above-average wage threshold are requirements for receiving a tax reimbursement credit, which, for DFS, will be 20-percent for eight years.
The commerce department says the company is putting up $750,000 in capital investment, and the project is expected to bring more than $7 million in new state revenue.
DFS will be the second company to expand in Boise and the fourth in Idaho under the tax reimbursement incentive program.
Earlier this fall, SkyWest broke ground on a new maintenance facility at the Boise Airport after securing a 30-percent tax credit.
As we reported last week, Amy's Kitchen is receiving tax credits under the same program - that company purchased the old Heinz plant in Pocatello.
Meanwhile, Kochava, a software analytics company, is receiving a tax reimbursement to expand its operations in Sandpoint.