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Cancer-detecting company plans huge expansion, tons of hiring in Phoenix

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Exact Sciences Corp. is working on a major expansion plan in Phoenix.

The Wisconsin-based cancer detection firm is set to build a 250,000-square-foot facility and create more than 800 jobs in the Valley, according to city of Phoenix documents.

Phoenix City Council is scheduled to vote Oct. 4 on a development agreement with publicly traded Exact Sciences.

Council will also vote on an incentives package that includes a performance-based job creation reimbursement not to exceed $1.6 million, along with a maximum of $5 million in reimbursement from eligible revenue generated through Transaction Privilege Tax at the site, according to documents on file with the city of Phoenix.

Read more of this story from the Business Journal.