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How Tax Reform Helped Optimax Invest in Workers


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After the passage of tax reform in 2017, the lower corporate tax rate and faster tax depreciation of capital equipment purchases enabled Optimax Systems a manufacturer specializing in optics for semiconductor, aerospace and defense technologies to reinvest in its workers and operations.
Hiring new workers: Since 2018, the New York manufacturer has hired aggressively, increasing its full-time headcount from 290 to 340. It has also raised salaries for employees, with an average annual increase of 4.8% since 2017 well above the company’s annual increases before 2017. Optimax sees the increases in hiring and wages as a vote of confidence in its workforce and as a way to pay forward the benefits of tax reform. ....

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