Posted by Staff Writer on 7/16/2017 to
Tech Business
IncSmart Utah (Small Business and Startups) - Software giant, Adobe is going to spend $90 million and expand current facility at it's Lehi campus along interstate 15. That number of jobs would about double the Utah workforce of the San Jose, California. The Office of Economic Development said it is extending an incentive of up $25.7 million to Adobe, which consists of a rebate of up to 30 percent of new state taxes expected to be generated by the expansion over 20 years.
Adobe is the leader in Utah's tech market. This expansion will add 1260 new jobs which is double the current Utah workforce. The new jobs will pay around 300 percent of the average Utah County wage of $39,509. The commercial real estate market is also growing in the Draper-to-Lehi region. The new project will complement the four-story, 280,000-square-foot building the company completed in 2012 for $107 million. Utah however, is not providing enough graduates in technology that the Silicon Slopes employers with the trained workforce they need.
By IncSmart Staff Writer
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