The Utah Governor's Office of Economic Development board (GOED) has approved an offer of $11.5 million tax incentive to Edwards Lifesciences Corporation, a company involved in the science of heart valves and hemodynamic monitoring, Deseret News reported. The incentive will be paid to move its operations from Midvale to Draper. The 1,000 new positions are expected to be created over the next 15 years.

The tax incentive (a mix) includes no more than $1.14 million from the Industrial Assistance Fund and up to $10.4 million from an economic-development tax-rebate program.

The Utah Governor’s Office of Economic Development (GOED) charter is based on Governor Huntsman’s commitment to economic development statewide.