Utah Governors Office of Economic Development Board Offers #20MM Incentive to Goldman Sachs
| November 20, 2007 |  View for printing |
Governor’s Office of Economic Development (GOED) Business Development Board approved an Economic Development Tax Increment Financing (EDTIF) incentive for Goldman Sachs.
The post performance incentive is based on a rebate of no more than 30 percent of new state tax revenue, up to a maximum of $20 Million over the next 20 years. The company plans to hire 375 new employees at 225 percent of the Salt Lake county median wage, which is $32,828. During the 20 year period the new employees would receive new state wages of $886 million. New state tax revenue is expected to exceed $81 million during the same period.
Full Story: http://www.utahbusiness.com/parser.p ... cle_id=6481
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