BLACKFOOT â€” A small Blackfoot-based business says it has accepted Melaleuca CEO Frank VanderSlootâ€™s challenge to reinvest its tax savings in its employees.
Officials with Premier Technology, Inc., which provides design, engineering, custom fabrication, system integration and field installation support services, pledged Tuesday to invest more not only in their employees, but also in infrastructure, equipment and training opportunities in the future.
â€śItâ€™s difficult for small businesses to grow under the current tax environment. The federal tax bill that reduces the corporate tax will allow our company to increase our investment in our people, infrastructure, equipment and training, which in turn will allow the company to grow and create jobs in our community,â€ť Premierâ€™s founder and Chief Business Officer, Douglas Sayer, said in a news release. â€śI applaud Frank and the other industry leaders that are giving bonuses and making the investment in their people. Thank you all for joining together in building our great community.â€ť
VanderSloot announced last month that Melaleuca would give $100 bonuses to employees for every year that they had been with the company, and he challenged others to do the same.
Dozens of other Idaho businesses have also recently pledged to pass some of their tax savings on to employees. Premier Technology just became the latest to do so on Tuesday.
Officials there say they will not only look at base salaries for their employees, but also create more opportunities for them to increase their knowledge and earn more in the future through education and training investments, according to a news release. Officials will also invest more in their buildings and equipment to help the company grow and create more jobs, especially for those who may be underemployed or will be graduating soon and are looking to pursue a career in Idaho.
And Premier officials say their investment wonâ€™t be a one-time only event.
â€śThe company will continue to invest on an ongoing annual basis,â€ť the news release states. â€śThe new tax strategy will have an immediate effect on our economy and the benefits will flow down to everyone employed at businesses across the country, not just here in Idaho.â€ť